The Market Doesn't Like What It Sees From Qinhuangdao Port Co., Ltd.'s (HKG:3369) Earnings Yet
Feb 05
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Hong Kong (HSI) Infrastructure Industry Analysis
UpdatedFeb 06, 2025
DataAggregated Company Financials
Companies26
- 7D-1.9%
- 3M0.07%
- 1Y15.7%
- YTD-3.1%
Over the last 7 days, the Infrastructure industry has dropped 1.7%, driven by Jiangsu Expressway declining 4.3%. This takes the industry's 12 month performance to a gain of 16%. As for the next few years, earnings are expected to grow by 11% per annum.
Industry Valuation and Performance
Has the Hong Kong Infrastructure Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 07 Feb 2025 | HK$414.6b | HK$193.5b | HK$38.8b | 7.2x | 10.7x | 2.1x |
| Sun, 05 Jan 2025 | HK$423.4b | HK$192.5b | HK$38.6b | 7.6x | 11x | 2.2x |
| Tue, 03 Dec 2024 | HK$404.3b | HK$193.4b | HK$38.8b | 7.4x | 10.4x | 2.1x |
| Thu, 31 Oct 2024 | HK$398.1b | HK$196.2b | HK$38.8b | 7.6x | 10.3x | 2x |
| Sat, 28 Sep 2024 | HK$403.5b | HK$198.8b | HK$39.6b | 7.3x | 10.2x | 2x |
| Mon, 26 Aug 2024 | HK$403.3b | HK$192.2b | HK$37.3b | 7.8x | 10.8x | 2.1x |
| Wed, 24 Jul 2024 | HK$384.5b | HK$190.3b | HK$37.3b | 7.6x | 10.3x | 2x |
| Fri, 21 Jun 2024 | HK$395.8b | HK$190.5b | HK$37.4b | 8.2x | 10.6x | 2.1x |
| Sun, 19 May 2024 | HK$390.0b | HK$191.2b | HK$37.5b | 8.3x | 10.4x | 2x |
| Tue, 16 Apr 2024 | HK$372.8b | HK$190.6b | HK$37.0b | 7.4x | 10.1x | 2x |
| Thu, 14 Mar 2024 | HK$362.1b | HK$178.0b | HK$34.5b | 6.9x | 10.5x | 2x |
| Sat, 10 Feb 2024 | HK$361.3b | HK$177.2b | HK$34.3b | 6.9x | 10.5x | 2x |
| Mon, 08 Jan 2024 | HK$363.8b | HK$208.0b | HK$35.0b | 7.5x | 10.4x | 1.7x |
| Wed, 06 Dec 2023 | HK$340.7b | HK$208.1b | HK$35.0b | 6.9x | 9.7x | 1.6x |
| Fri, 03 Nov 2023 | HK$335.2b | HK$204.9b | HK$34.5b | 7.1x | 9.7x | 1.6x |
| Sun, 01 Oct 2023 | HK$346.8b | HK$203.9b | HK$34.0b | 6.6x | 10.2x | 1.7x |
| Tue, 29 Aug 2023 | HK$346.5b | HK$202.4b | HK$34.9b | 7.5x | 9.9x | 1.7x |
| Thu, 27 Jul 2023 | HK$365.0b | HK$203.6b | HK$34.1b | 7.7x | 10.7x | 1.8x |
| Sat, 24 Jun 2023 | HK$357.2b | HK$214.3b | HK$33.5b | 7.4x | 10.7x | 1.7x |
| Mon, 22 May 2023 | HK$392.0b | HK$216.7b | HK$34.0b | 8.4x | 11.5x | 1.8x |
| Wed, 19 Apr 2023 | HK$380.6b | HK$224.2b | HK$29.3b | 8.5x | 13x | 1.7x |
| Fri, 17 Mar 2023 | HK$377.4b | HK$223.6b | HK$37.4b | 6.5x | 10.1x | 1.7x |
| Sun, 12 Feb 2023 | HK$373.4b | HK$225.4b | HK$38.7b | 6.1x | 9.6x | 1.7x |
| Tue, 10 Jan 2023 | HK$377.4b | HK$225.2b | HK$38.7b | 6.1x | 9.8x | 1.7x |
| Thu, 08 Dec 2022 | HK$361.0b | HK$221.0b | HK$37.8b | 5.8x | 9.5x | 1.6x |
| Sat, 05 Nov 2022 | HK$317.0b | HK$217.1b | HK$36.3b | 5.2x | 8.7x | 1.5x |
| Mon, 03 Oct 2022 | HK$318.5b | HK$217.6b | HK$36.6b | 5.2x | 8.7x | 1.5x |
| Wed, 31 Aug 2022 | HK$353.0b | HK$221.8b | HK$38.4b | 5.9x | 9.2x | 1.6x |
| Fri, 29 Jul 2022 | HK$371.9b | HK$220.0b | HK$42.6b | 5.6x | 8.7x | 1.7x |
| Sun, 26 Jun 2022 | HK$383.4b | HK$221.7b | HK$42.9b | 6x | 8.9x | 1.7x |
| Tue, 24 May 2022 | HK$374.3b | HK$221.5b | HK$42.9b | 6.1x | 8.7x | 1.7x |
| Thu, 21 Apr 2022 | HK$391.9b | HK$225.6b | HK$45.4b | 5.6x | 8.6x | 1.7x |
| Sat, 19 Mar 2022 | HK$430.1b | HK$217.9b | HK$42.1b | 5.4x | 10.2x | 2x |
| Mon, 14 Feb 2022 | HK$427.3b | HK$214.8b | HK$42.1b | 5.9x | 10.2x | 2x |
Price to Earnings Ratio
10.2x
Current Industry PE
- Investors are relatively neutral on the Hong Kong Infrastructure industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 10.1x.
- The 3-year average PS ratio of 1.8x is lower than the industry's current PS ratio of 2.2x.
Past Earnings Growth
- The earnings for companies in the Infrastructure industry have declined 2.6% per year over the last three years,
- Revenues have also declined 3.3% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Trends
Which industries have driven the changes within the Hong Kong Industrials industry?
| HK Market | 0.88% | |
| Industrials | -1.26% | |
| Infrastructure | -1.91% | |
| Airport Services | -0.86% | |
| Marine Ports and Services | -1.62% | |
| Highways and Railtracks | -2.26% | |
Industry PE
- Investors are most optimistic about the Marine Ports and Services industry, which is trading close to its 3-year average PE ratio of 9.5x.
- Analysts are expecting annual earnings growth of 2.7%, which is lower than the prior year's growth of 10.1% per year.
Forecasted Growth
- Analysts are most optimistic on the Airport Services industry, expecting annual earnings growth of 115% over the next 5 years.
- In contrast, the Marine Ports and Services industry is expected to see its earnings grow by 2.7% 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 | |
|---|---|---|---|---|---|
| 3369 Qinhuangdao Port | HK$2.10 | 1.9% +HK$223.5m | 47.9% | PE7x | |
| 357 Hainan Meilan International Airport | HK$8.23 | 4.2% +HK$156.2m | 33.8% | PS1.7x | |
| 1785 Chengdu Expressway | HK$2.30 | 3.1% +HK$115.9m | 10.6% | PE6x | |
| 548 Shenzhen Expressway | HK$6.60 | 0.6% +HK$87.2m | 5.1% | PE6.2x | |
| 3382 Tianjin Port Development Holdings | HK$0.68 | 1.5% +HK$61.6m | 44.7% | PE6.2x |
