Market Participants Recognise Pacific Basin Shipping Limited's (HKG:2343) Earnings
Dec 24
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Hong Kong (HSI) Marine Industry Analysis
UpdatedDec 25, 2024
DataAggregated Company Financials
Companies16
- 7D4.1%
- 3M4.6%
- 1Y38.3%
- YTDn/a
Over the last 7 days, the Marine industry has dropped 3.2%, driven by a pullback from COSCO SHIPPING Holdings of 1.9%. Over the past 12 months, the industry was up 28%. Looking forward, earnings are forecast to decline by 19% per year.
Industry Valuation and Performance
Has the Hong Kong Marine Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 25 Dec 2024 | HK$388.8b | HK$348.6b | HK$56.4b | 7.1x | 6.9x | 1.1x |
| Fri, 22 Nov 2024 | HK$396.1b | HK$351.0b | HK$56.9b | 8.6x | 7x | 1.1x |
| Sun, 20 Oct 2024 | HK$389.8b | HK$314.6b | HK$40.2b | 7.9x | 9.7x | 1.2x |
| Tue, 17 Sep 2024 | HK$339.5b | HK$315.6b | HK$40.4b | 7.8x | 8.4x | 1.1x |
| Thu, 15 Aug 2024 | HK$343.8b | HK$303.2b | HK$41.2b | 13.4x | 8.3x | 1.1x |
| Sat, 13 Jul 2024 | HK$376.5b | HK$299.8b | HK$41.1b | 13.6x | 9.2x | 1.3x |
| Mon, 10 Jun 2024 | HK$460.4b | HK$300.1b | HK$41.1b | 14.1x | 11.2x | 1.5x |
| Wed, 08 May 2024 | HK$358.0b | HK$301.2b | HK$41.2b | 13.8x | 8.7x | 1.2x |
| Fri, 05 Apr 2024 | HK$296.8b | HK$300.0b | HK$41.6b | 10.6x | 7.1x | 1x |
| Sun, 03 Mar 2024 | HK$305.7b | HK$384.0b | HK$89.4b | 6.4x | 3.4x | 0.8x |
| Tue, 30 Jan 2024 | HK$300.0b | HK$386.9b | HK$90.9b | 6.4x | 3.3x | 0.8x |
| Thu, 28 Dec 2023 | HK$291.7b | HK$387.8b | HK$91.1b | 6.4x | 3.2x | 0.8x |
| Sat, 25 Nov 2023 | HK$277.1b | HK$384.1b | HK$90.7b | 5.8x | 3.1x | 0.7x |
| Mon, 23 Oct 2023 | HK$271.4b | HK$447.9b | HK$119.1b | 5.9x | 2.3x | 0.6x |
| Wed, 20 Sep 2023 | HK$287.1b | HK$448.6b | HK$119.3b | 6.2x | 2.4x | 0.6x |
| Fri, 18 Aug 2023 | HK$290.5b | HK$567.5b | HK$185.3b | 6.6x | 1.6x | 0.5x |
| Sun, 16 Jul 2023 | HK$297.6b | HK$585.9b | HK$196.5b | 6.2x | 1.5x | 0.5x |
| Tue, 13 Jun 2023 | HK$295.4b | HK$587.4b | HK$197.2b | 4.1x | 1.5x | 0.5x |
| Thu, 11 May 2023 | HK$354.9b | HK$598.7b | HK$200.2b | 4.1x | 1.8x | 0.6x |
| Sat, 08 Apr 2023 | HK$351.1b | HK$701.6b | HK$235.6b | 4.1x | 1.5x | 0.5x |
| Mon, 06 Mar 2023 | HK$354.6b | HK$702.9b | HK$234.3b | 3.3x | 1.5x | 0.5x |
| Wed, 01 Feb 2023 | HK$334.7b | HK$714.5b | HK$240.5b | 2.6x | 1.4x | 0.5x |
| Fri, 30 Dec 2022 | HK$327.1b | HK$696.3b | HK$235.1b | 2.6x | 1.4x | 0.5x |
| Sun, 27 Nov 2022 | HK$344.9b | HK$684.6b | HK$231.9b | 2.4x | 1.5x | 0.5x |
| Tue, 25 Oct 2022 | HK$327.9b | HK$668.4b | HK$229.6b | 2x | 1.4x | 0.5x |
| Thu, 22 Sep 2022 | HK$372.5b | HK$682.3b | HK$233.6b | 2.4x | 1.6x | 0.5x |
| Sat, 20 Aug 2022 | HK$477.4b | HK$628.8b | HK$197.8b | 3.6x | 2.4x | 0.8x |
| Mon, 18 Jul 2022 | HK$485.6b | HK$619.3b | HK$190.7b | 3.8x | 2.5x | 0.8x |
| Wed, 15 Jun 2022 | HK$503.7b | HK$619.3b | HK$190.7b | 4.6x | 2.6x | 0.8x |
| Fri, 13 May 2022 | HK$483.8b | HK$620.6b | HK$191.1b | 4.6x | 2.5x | 0.8x |
| Sun, 10 Apr 2022 | HK$512.6b | HK$595.0b | HK$182.7b | 4.3x | 2.8x | 0.9x |
| Tue, 08 Mar 2022 | HK$590.1b | HK$489.8b | HK$132.2b | 5.2x | 4.5x | 1.2x |
| Thu, 03 Feb 2022 | HK$524.5b | HK$478.0b | HK$126.0b | 10.9x | 4.2x | 1.1x |
| Sat, 01 Jan 2022 | HK$561.9b | HK$477.7b | HK$126.0b | 10.1x | 4.5x | 1.2x |
Price to Earnings Ratio
4.5x
Current Industry PE
- Investors are optimistic on the Hong Kong Marine industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 6.7x which is higher than its 3-year average PE of 4.0x.
- The 3-year average PS ratio of 0.82x is lower than the industry's current PS ratio of 1.1x.
Past Earnings Growth
- The earnings for companies in the Marine industry have declined 23% per year over the last three years,
- Revenues have also declined 9.9% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Comparison
How does Hong Kong Marine compare with similar industries?
| HK Market | 2.27% | |
| Industrials | 1.98% | |
| Marine and Shipping | 4.14% | |
| Marine | 4.14% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 316 Orient Overseas (International) | HK$115.60 | 13.4% +HK$9.0b | 2.3% | PE9.2x | |
| 1919 COSCO SHIPPING Holdings | HK$12.70 | 1.6% +HK$3.2b | 57.6% | PE4.7x | |
| 1308 SITC International Holdings | HK$20.60 | 4.8% +HK$2.5b | 47.8% | PE12.5x | |
| 2490 LC Logistics | HK$26.50 | 10.6% +HK$730.0m | 416.6% | PE295.2x | |
| 2343 Pacific Basin Shipping | HK$1.72 | 3.0% +HK$254.7m | -34.6% | PE13.8x |
