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Hong Kong (HSI) Infrastructure Industry Analysis
UpdatedOct 21, 2024
DataAggregated Company Financials
Companies26
- 7D-0.3%
- 3M7.1%
- 1Y24.7%
- YTD17.2%
Over the last 7 days, the Infrastructure industry has remained flat, although notably Zhejiang Expressway declined by 4.0%. The past year has been better, since the industry has gained 25% in that time. Looking forward, earnings are forecast to grow by 11% 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 |
|---|---|---|---|---|---|---|
| Mon, 21 Oct 2024 | HK$410.1b | HK$197.4b | HK$39.3b | 7.9x | 10.4x | 2.1x |
| Wed, 18 Sep 2024 | HK$375.6b | HK$197.5b | HK$39.3b | 7.1x | 9.5x | 1.9x |
| Fri, 16 Aug 2024 | HK$396.4b | HK$192.0b | HK$37.5b | 7.8x | 10.6x | 2.1x |
| Sun, 14 Jul 2024 | HK$397.2b | HK$190.7b | HK$37.3b | 7.9x | 10.6x | 2.1x |
| Tue, 11 Jun 2024 | HK$395.9b | HK$190.9b | HK$37.5b | 8.2x | 10.6x | 2.1x |
| Thu, 09 May 2024 | HK$377.6b | HK$191.4b | HK$37.6b | 7.7x | 10.1x | 2x |
| Sat, 06 Apr 2024 | HK$357.1b | HK$190.7b | HK$37.0b | 7.1x | 9.6x | 1.9x |
| Mon, 04 Mar 2024 | HK$367.4b | HK$177.1b | HK$34.3b | 7x | 10.7x | 2.1x |
| Wed, 31 Jan 2024 | HK$358.7b | HK$208.2b | HK$35.2b | 7.4x | 10.2x | 1.7x |
| Fri, 29 Dec 2023 | HK$350.5b | HK$208.9b | HK$35.2b | 7x | 10x | 1.7x |
| Sun, 26 Nov 2023 | HK$340.3b | HK$207.5b | HK$34.9b | 6.8x | 9.7x | 1.6x |
| Tue, 24 Oct 2023 | HK$328.6b | HK$203.5b | HK$33.9b | 6.5x | 9.7x | 1.6x |
| Thu, 21 Sep 2023 | HK$347.9b | HK$203.8b | HK$34.0b | 6.6x | 10.2x | 1.7x |
| Sat, 19 Aug 2023 | HK$349.3b | HK$202.1b | HK$33.9b | 7.8x | 10.3x | 1.7x |
| Mon, 17 Jul 2023 | HK$360.1b | HK$203.9b | HK$34.2b | 7.2x | 10.5x | 1.8x |
| Wed, 14 Jun 2023 | HK$373.6b | HK$214.8b | HK$33.6b | 7.6x | 11.1x | 1.7x |
| Fri, 12 May 2023 | HK$404.6b | HK$218.3b | HK$34.3b | 8.5x | 11.8x | 1.9x |
| Sun, 09 Apr 2023 | HK$369.7b | HK$224.4b | HK$29.3b | 8.2x | 12.6x | 1.6x |
| Tue, 07 Mar 2023 | HK$380.0b | HK$223.2b | HK$38.3b | 6.2x | 9.9x | 1.7x |
| Thu, 02 Feb 2023 | HK$382.5b | HK$226.5b | HK$38.9b | 6.3x | 9.8x | 1.7x |
| Sat, 31 Dec 2022 | HK$366.1b | HK$222.9b | HK$38.2b | 6x | 9.6x | 1.6x |
| Mon, 28 Nov 2022 | HK$342.4b | HK$218.7b | HK$36.5b | 5.7x | 9.4x | 1.6x |
| Wed, 26 Oct 2022 | HK$304.2b | HK$215.4b | HK$36.0b | 5x | 8.4x | 1.4x |
| Fri, 23 Sep 2022 | HK$341.9b | HK$219.3b | HK$36.8b | 5.8x | 9.3x | 1.6x |
| Sun, 21 Aug 2022 | HK$351.6b | HK$224.3b | HK$41.3b | 5.5x | 8.5x | 1.6x |
| Tue, 19 Jul 2022 | HK$366.6b | HK$220.2b | HK$42.6b | 5.7x | 8.6x | 1.7x |
| Thu, 16 Jun 2022 | HK$380.7b | HK$220.4b | HK$42.7b | 6.1x | 8.9x | 1.7x |
| Sat, 14 May 2022 | HK$366.2b | HK$218.0b | HK$42.1b | 6.2x | 8.7x | 1.7x |
| Mon, 11 Apr 2022 | HK$402.3b | HK$226.3b | HK$45.5b | 5.6x | 8.8x | 1.8x |
| Wed, 09 Mar 2022 | HK$443.3b | HK$218.9b | HK$41.5b | 5.4x | 10.7x | 2x |
| Fri, 04 Feb 2022 | HK$398.2b | HK$214.5b | HK$42.0b | 5.6x | 9.5x | 1.9x |
| Sun, 02 Jan 2022 | HK$403.8b | HK$214.8b | HK$42.1b | 5.7x | 9.6x | 1.9x |
| Tue, 30 Nov 2021 | HK$379.8b | HK$214.0b | HK$41.9b | 5.5x | 9.1x | 1.8x |
| Thu, 28 Oct 2021 | HK$388.2b | HK$204.0b | HK$43.4b | 5.3x | 8.9x | 1.9x |
Price to Earnings Ratio
8.9x
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 10.0x.
- The 3-year average PS ratio of 1.8x is lower than the industry's current PS ratio of 2.1x.
Past Earnings Growth
- The earnings for companies in the Infrastructure industry have declined 3.3% per year over the last three years.
- Meanwhile revenues have remained mostly flat.
- This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Hong Kong Industrials industry?
| HK Market | -1.01% | |
| Industrials | -1.42% | |
| Infrastructure | -0.33% | |
| Highways and Railtracks | -0.06% | |
| Marine Ports and Services | -0.23% | |
| Airport Services | -4.52% | |
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 4.5%, 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 110% over the next 5 years.
- In contrast, the Marine Ports and Services industry is expected to see its earnings grow by 4.5% 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$13.52 | 0.7% +HK$419.8m | 40.0% | PE7.7x | |
| 177 Jiangsu Expressway | HK$8.18 | 1.0% +HK$403.0m | 21.0% | PE8x | |
| 995 Anhui Expressway | HK$9.95 | 1.5% +HK$248.8m | 30.9% | PE9.3x | |
| 2880 Liaoning Port | HK$0.71 | 1.4% +HK$239.1m | 10.9% | PE13.3x | |
| 1785 Chengdu Expressway | HK$2.31 | 6.0% +HK$215.3m | 22.2% | PE5.9x |
