Hainan Meilan International Airport (HKG:357) Hasn't Managed To Accelerate Its Returns
What trends should we look for it we want to identify stocks that can multiply in value over the long term? Firstly...
Has the Hong Kong Infrastructure Industry valuation changed over the past few years?
|Thu, 20 Jan 2022||HK$408.8b||HK$214.7b||HK$42.1b||5.8x|
|Sat, 18 Dec 2021||HK$392.0b||HK$214.6b||HK$42.0b||5.6x|
|Mon, 15 Nov 2021||HK$379.9b||HK$209.7b||HK$42.9b||5.4x|
|Wed, 13 Oct 2021||HK$392.6b||HK$202.5b||HK$43.1b||5.3x|
|Fri, 10 Sep 2021||HK$401.5b||HK$202.2b||HK$43.0b||6.3x|
|Sun, 08 Aug 2021||HK$365.6b||HK$202.2b||HK$43.0b||5.6x|
|Sat, 01 May 2021||HK$415.1b||HK$183.7b||HK$36.0b||7.8x|
|Tue, 02 Feb 2021||HK$377.4b||HK$167.1b||HK$28.5b||8.6x|
|Fri, 06 Nov 2020||HK$328.5b||HK$158.0b||HK$27.4b||9.3x|
|Mon, 10 Aug 2020||HK$349.9b||HK$149.2b||HK$27.2b||11.4x|
|Sun, 03 May 2020||HK$337.4b||HK$153.4b||HK$34.8b||10.3x|
|Wed, 05 Feb 2020||HK$384.0b||HK$163.2b||HK$42.9b||8.9x|
|Sat, 09 Nov 2019||HK$395.3b||HK$157.5b||HK$43.8b||9.7x|
|Fri, 02 Aug 2019||HK$409.1b||HK$158.4b||HK$44.1b||9x|
|Mon, 06 May 2019||HK$446.2b||HK$162.6b||HK$43.7b||10.4x|
|Thu, 07 Feb 2019||HK$411.1b||HK$163.0b||HK$42.2b||11.3x|
Current Industry PE: Investors are relatively neutral on the industry at the moment, considering it's trading close to its 3-year average PE ratio of 9.0x. It appears they believe that earnings will grow in-line with historical growth rates.
Past Earnings Growth: The earnings for companies in the Infrastructure industry have remained mostly flat over the last three years, while revenues for these companies have grown 9.6% per year.This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased and as a result, profits have held steady.
Which industries have driven the changes within the Hong Kong Infrastructure industry?
|Marine Ports and Services||1.36%|
|Highways and Railtracks||-0.12%|
Industry PE: Investors are most optimistic about the Marine Ports and Services industry even though it's trading below its 3-year average PE ratio of 10.1x. However analysts are expecting annual earnings growth of 5.0%, which is lower than the prior year's growth of 9.7% per year. So the market might believe that analysts are underestimating future growth. Meanwhile, investors are most pessimistic about the Highways and Railtracks industry, which is trading below its 3-year average of 8.7x.
Forecasted Growth: Analysts are most optimistic on the Airport Services industry, expecting annual earnings growth of 86% over the next 5 years. Meanwhile, the Highways and Railtracks industry is expected to see its earnings grow by 4.0% per year over the next few years.
Which companies have driven the market over the last 7 days?
|144 China Merchants Port Holdings||HK$15.04||2.6%|
|6198 Qingdao Port International||HK$4.40||2.3%|
|2880 Liaoning PortLtd||HK$0.74||1.4%|
|737 Shenzhen Investment Holdings Bay Area Development||HK$2.80||2.2%|
|152 Shenzhen International Holdings||HK$8.62||0.9%|
Hainan Meilan International Airport
COSCO SHIPPING Ports
Qingdao Port International
Shenzhen International Holdings
China Merchants Port Holdings
Yuexiu Transport Infrastructure
Xiamen International Port
Tianjin Port Development Holdings