Little Excitement Around Qingdao Port International Co., Ltd.'s (HKG:6198) Earnings
May 13
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Hong Kong (HSI) Infrastructure Industry Analysis
UpdatedMay 14, 2025
DataAggregated Company Financials
Companies26
- 7D2.4%
- 3M5.6%
- 1Y8.3%
- YTD4.1%
Over the last 7 days, the Infrastructure industry has risen 2.4%, driven by gains in China Merchants Port Holdings and Qingdao Port International of 6.1% and 8.0%, respectively. Meanwhile, Shenzhen International Holdings actually underperformed within the industry, shrinking 8.9% in the last week. This takes the industry's 12 month performance to a gain of 8.3%. Looking forward, earnings are forecast to grow by 6.8% annually.
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 |
|---|---|---|---|---|---|---|
| Wed, 14 May 2025 | HK$440.0b | HK$200.6b | HK$39.4b | 8.1x | 11.2x | 2.2x |
| Fri, 11 Apr 2025 | HK$418.2b | HK$194.5b | HK$38.6b | 7.9x | 10.8x | 2.2x |
| Sun, 09 Mar 2025 | HK$413.6b | HK$193.9b | HK$38.9b | 7.5x | 10.6x | 2.1x |
| Tue, 04 Feb 2025 | HK$420.6b | HK$194.1b | HK$38.9b | 7.3x | 10.8x | 2.2x |
| Thu, 02 Jan 2025 | HK$435.0b | HK$192.7b | HK$38.6b | 8.2x | 11.3x | 2.3x |
| Sat, 30 Nov 2024 | HK$403.1b | HK$194.0b | HK$38.9b | 7.4x | 10.4x | 2.1x |
| Mon, 28 Oct 2024 | HK$405.4b | HK$196.9b | HK$39.1b | 7.9x | 10.4x | 2.1x |
| Wed, 25 Sep 2024 | HK$393.3b | HK$198.6b | HK$39.5b | 7.4x | 9.9x | 2x |
| Fri, 23 Aug 2024 | HK$402.5b | HK$192.5b | HK$37.6b | 7.9x | 10.7x | 2.1x |
| Sun, 21 Jul 2024 | HK$384.3b | HK$190.5b | HK$37.3b | 7.6x | 10.3x | 2x |
| Tue, 18 Jun 2024 | HK$386.3b | HK$190.7b | HK$37.4b | 8x | 10.3x | 2x |
| Thu, 16 May 2024 | HK$395.2b | HK$191.3b | HK$37.5b | 8.2x | 10.5x | 2.1x |
| Sat, 13 Apr 2024 | HK$369.1b | HK$190.8b | HK$37.1b | 7.4x | 10x | 1.9x |
| Mon, 11 Mar 2024 | HK$368.8b | HK$178.0b | HK$34.5b | 6.9x | 10.7x | 2.1x |
| Wed, 07 Feb 2024 | HK$359.0b | HK$178.6b | HK$34.6b | 7.1x | 10.4x | 2x |
| Fri, 05 Jan 2024 | HK$364.3b | HK$207.7b | HK$35.0b | 7.5x | 10.4x | 1.8x |
| Sun, 03 Dec 2023 | HK$340.5b | HK$208.1b | HK$35.0b | 6.9x | 9.7x | 1.6x |
| Tue, 31 Oct 2023 | HK$331.2b | HK$203.1b | HK$34.0b | 7.1x | 9.7x | 1.6x |
| Thu, 28 Sep 2023 | HK$345.0b | HK$203.5b | HK$33.9b | 6.5x | 10.2x | 1.7x |
| Sat, 26 Aug 2023 | HK$345.1b | HK$203.0b | HK$34.8b | 7.4x | 9.9x | 1.7x |
| Mon, 24 Jul 2023 | HK$361.0b | HK$203.2b | HK$34.1b | 7.2x | 10.6x | 1.8x |
| Wed, 21 Jun 2023 | HK$364.0b | HK$214.2b | HK$33.5b | 7.5x | 10.9x | 1.7x |
| Fri, 19 May 2023 | HK$398.8b | HK$216.6b | HK$33.9b | 8.5x | 11.7x | 1.8x |
| Sun, 16 Apr 2023 | HK$377.9b | HK$224.4b | HK$29.3b | 8.6x | 12.9x | 1.7x |
| Tue, 14 Mar 2023 | HK$378.4b | HK$224.0b | HK$37.5b | 6.6x | 10.1x | 1.7x |
| Thu, 09 Feb 2023 | HK$373.7b | HK$225.8b | HK$38.8b | 6.2x | 9.6x | 1.7x |
| Sat, 07 Jan 2023 | HK$372.1b | HK$224.2b | HK$38.5b | 6x | 9.7x | 1.7x |
| Mon, 05 Dec 2022 | HK$352.2b | HK$220.6b | HK$37.8b | 5.8x | 9.3x | 1.6x |
| Wed, 02 Nov 2022 | HK$305.7b | HK$217.4b | HK$36.5b | 5x | 8.4x | 1.4x |
| Fri, 30 Sep 2022 | HK$317.9b | HK$216.3b | HK$36.3b | 5.2x | 8.8x | 1.5x |
| Sun, 28 Aug 2022 | HK$334.6b | HK$260.4b | HK$5.8b | 5.9x | 57.8x | 1.3x |
| Tue, 26 Jul 2022 | HK$372.3b | HK$220.3b | HK$42.7b | 5.6x | 8.7x | 1.7x |
| Thu, 23 Jun 2022 | HK$377.4b | HK$221.7b | HK$42.9b | 6x | 8.8x | 1.7x |
| Sat, 21 May 2022 | HK$372.7b | HK$221.0b | HK$42.8b | 6.3x | 8.7x | 1.7x |
Price to Earnings Ratio
8.7x
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 10.2x.
- 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 2.7% per year over the last three years,
- Revenues have also declined 3.2% 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 | 2.09% | |
| Industrials | 3.34% | |
| Infrastructure | 2.42% | |
| Marine Ports and Services | 6.18% | |
| Airport Services | 1.36% | |
| Highways and Railtracks | -0.63% | |
Industry PE
- Investors are most optimistic about the Highways and Railtracks industry which is trading above its 3-year average PE ratio of 8.3x.
- Analysts are expecting annual earnings growth of 3.4%, which is higher than its past year's earnings decline of 5.1% per year.
Forecasted Growth
- Analysts are most optimistic on the Airport Services industry, expecting annual earnings growth of 110% over the next 5 years.
- In contrast, the Marine Ports and Services industry is expected to see its earnings decline by 2.3% 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 | |
|---|---|---|---|---|---|
| 144 China Merchants Port Holdings | HK$13.66 | 6.1% +HK$3.3b | 16.8% | PE7.2x | |
| 6198 Qingdao Port International | HK$6.22 | 8.0% +HK$3.0b | 10.5% | PE7x | |
| 1199 COSCO SHIPPING Ports | HK$4.46 | 7.0% +HK$1.1b | -16.0% | PE6.5x | |
| 2880 Liaoning Port | HK$0.70 | 4.5% +HK$687.6m | 7.7% | PE15.6x | |
| 995 Anhui Expressway | HK$11.66 | 2.5% +HK$464.4m | 16.7% | PE10.5x |
