Analysis Article • Aug 18
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Hong Kong (HSI) Commercial Services Industry Analysis
UpdatedAug 22, 2026
DataAggregated Company Financials
Companies67
- 7D1.3%
- 3M-7.9%
- 1Y-3.6%
- YTD-1.4%
Over the last 7 days, the Commercial Services industry has remained flat, although notably Riverine China Holdings declined by 6.1%. In line with that, the industry has also been flat over the past 12 months. Earnings are forecast to grow by 9.0% annually.
Industry Valuation and Performance
Has the Hong Kong Commercial Services Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 22 Aug 2026 | HK$93.3b | HK$118.2b | HK$5.2b | 10.2x | 18x | 0.8x |
| Mon, 20 Jul 2026 | HK$91.4b | HK$117.2b | HK$5.2b | 9.5x | 17.6x | 0.8x |
| Wed, 17 Jun 2026 | HK$94.8b | HK$117.5b | HK$5.2b | 7.7x | 18.2x | 0.8x |
| Fri, 15 May 2026 | HK$103.9b | HK$117.2b | HK$5.2b | 9.2x | 19.9x | 0.9x |
| Sun, 12 Apr 2026 | HK$99.6b | HK$116.8b | HK$5.2b | 9.6x | 19.1x | 0.9x |
| Tue, 10 Mar 2026 | HK$98.2b | HK$115.3b | HK$5.7b | 9.9x | 17.1x | 0.9x |
| Thu, 05 Feb 2026 | HK$97.0b | HK$115.0b | HK$5.7b | 9.4x | 16.9x | 0.8x |
| Sat, 03 Jan 2026 | HK$92.6b | HK$114.1b | HK$5.6b | 9.3x | 16.5x | 0.8x |
| Mon, 01 Dec 2025 | HK$95.0b | HK$113.2b | HK$5.6b | 9.9x | 17x | 0.8x |
| Wed, 29 Oct 2025 | HK$96.5b | HK$112.3b | HK$5.7b | 9.6x | 16.9x | 0.9x |
| Fri, 26 Sep 2025 | HK$93.6b | HK$112.1b | HK$5.7b | 9.8x | 16.5x | 0.8x |
| Sun, 24 Aug 2025 | HK$96.2b | HK$110.8b | HK$6.2b | 11.5x | 15.5x | 0.9x |
| Tue, 22 Jul 2025 | HK$95.2b | HK$110.9b | HK$6.4b | 10.9x | 15x | 0.9x |
| Thu, 19 Jun 2025 | HK$93.4b | HK$127.3b | HK$6.4b | 10.9x | 14.6x | 0.7x |
| Sat, 17 May 2025 | HK$90.4b | HK$126.8b | HK$6.3b | 10.2x | 14.3x | 0.7x |
| Mon, 14 Apr 2025 | HK$83.2b | HK$125.4b | HK$6.0b | 9.1x | 14x | 0.7x |
| Wed, 12 Mar 2025 | HK$83.5b | HK$126.4b | HK$13.4b | 6.8x | 6.2x | 0.7x |
| Fri, 07 Feb 2025 | HK$80.3b | HK$126.0b | HK$13.4b | 7.5x | 6x | 0.6x |
| Sun, 05 Jan 2025 | HK$84.7b | HK$125.7b | HK$13.3b | 7.3x | 6.3x | 0.7x |
| Tue, 03 Dec 2024 | HK$88.4b | HK$126.1b | HK$13.4b | 7.2x | 6.6x | 0.7x |
| Thu, 31 Oct 2024 | HK$88.4b | HK$128.1b | HK$13.7b | 8.3x | 6.5x | 0.7x |
| Sat, 28 Sep 2024 | HK$89.9b | HK$129.4b | HK$13.8b | 7.8x | 6.5x | 0.7x |
| Mon, 26 Aug 2024 | HK$83.2b | HK$129.1b | HK$14.5b | 8.3x | 5.7x | 0.6x |
| Wed, 24 Jul 2024 | HK$86.2b | HK$127.7b | HK$13.9b | 8x | 6.2x | 0.7x |
| Fri, 21 Jun 2024 | HK$102.2b | HK$128.0b | HK$14.0b | 7x | 7.3x | 0.8x |
| Sun, 19 May 2024 | HK$105.4b | HK$127.8b | HK$13.5b | 6.6x | 7.8x | 0.8x |
| Tue, 16 Apr 2024 | HK$88.9b | HK$128.1b | HK$13.7b | 7x | 6.5x | 0.7x |
| Thu, 14 Mar 2024 | HK$65.3b | HK$111.9b | HK$4.3b | 6.6x | 15.2x | 0.6x |
| Sat, 10 Feb 2024 | HK$62.1b | HK$112.6b | HK$4.3b | 6.5x | 14.4x | 0.6x |
| Mon, 08 Jan 2024 | HK$67.2b | HK$114.2b | HK$4.4b | 6.4x | 15.2x | 0.6x |
| Wed, 06 Dec 2023 | HK$66.2b | HK$114.0b | HK$4.4b | 6x | 14.9x | 0.6x |
| Fri, 03 Nov 2023 | HK$67.7b | HK$112.7b | HK$4.3b | 5.8x | 15.6x | 0.6x |
| Sun, 01 Oct 2023 | HK$70.2b | HK$112.7b | HK$4.4b | 6.8x | 16x | 0.6x |
| Tue, 29 Aug 2023 | HK$72.4b | HK$117.2b | HK$4.7b | 7.2x | 15.4x | 0.6x |
Price to Earnings Ratio
15.4x
Current Industry PE
- Investors are optimistic on the Hong Kong Commercial Services industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 17.9x which is higher than its 3-year average PE of 13.0x.
- The industry is trading close to its 3-year average PS ratio of 0.73x.
Past Earnings Growth
- The earnings for companies in the Commercial Services industry have grown 3.0% per year over the last three years, while revenues have remained mostly flat.
- This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.
Industry Trends
Which industries have driven the changes within the Hong Kong Industrials industry?
| HK Market | 3.64% | |
| Industrials | 3.03% | |
| Commercial Services | 1.28% | |
| Commercial Printing | 3.42% | |
| Security and Alarm Services | 3.14% | |
| Diversified Support Services | 1.62% | |
| Environmental and Facilities Services | 1.08% | |
| Office Services and Supplies | -4.22% | |
Industry PE
- Investors are most optimistic about the Commercial Printing industry which is trading above its 3-year average PE ratio of 0.77x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
Forecasted Growth
- Analysts are most optimistic on the Diversified Support Services industry, expecting annual earnings growth of 14% over the next 5 years.
- This is better than its past earnings decline of 9.9% per year.
- In contrast, the Environmental and Facilities Services industry is expected to see its earnings grow by 7.2% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 257 China Everbright Environment Group | HK$5.06 | 1.6% +HK$491.4m | 18.1% | PE7.9x | |
| 3316 Binjiang Service Group | HK$24.00 | 6.1% +HK$381.4m | -3.7% | PE9.3x | |
| 6805 Kimou Environmental Holding | HK$3.10 | 9.0% +HK$282.5m | 63.8% | PE21.8x | |
| 9690 TUHU Car | HK$11.99 | 1.9% +HK$174.9m | -42.2% | PE19.4x | |
| 8450 EDICO Holdings | HK$0.75 | 20.0% +HK$125.0m | 575.7% | PS15.2x |