Xiangxing International Holding Limited's (HKG:1732) Shares Climb 35% But Its Business Is Yet to Catch Up
Jun 19
Hong Kong (HSI) Marine and Shipping Industry Analysis
UpdatedJun 20, 2024
DataAggregated Company Financials
Companies15
- 7D6.0%
- 3M48.0%
- 1Y68.7%
- YTD55.2%
Over the last 7 days, the Marine and Shipping industry has risen 6.0%, driven by gains from COSCO SHIPPING Holdings of 6.5%. In the last 12 months, the industry was up 69%. Looking forward, earnings are forecast to decline by 4.7% per year.
Industry Valuation and Performance
Has the Hong Kong Marine and Shipping Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 20 Jun 2024 | HK$430.3b | HK$299.6b | HK$41.0b | 14.6x | 10.5x | 1.4x |
| Sat, 18 May 2024 | HK$404.3b | HK$300.2b | HK$41.1b | 13.7x | 9.8x | 1.3x |
| Mon, 15 Apr 2024 | HK$303.1b | HK$300.2b | HK$41.6b | 11.2x | 7.3x | 1x |
| Wed, 13 Mar 2024 | HK$316.5b | HK$379.0b | HK$85.1b | 9.5x | 3.7x | 0.8x |
| Fri, 09 Feb 2024 | HK$297.9b | HK$389.5b | HK$91.4b | 6.4x | 3.3x | 0.8x |
| Sun, 07 Jan 2024 | HK$303.9b | HK$388.2b | HK$91.1b | 6.5x | 3.3x | 0.8x |
| Tue, 05 Dec 2023 | HK$278.8b | HK$385.7b | HK$91.0b | 5.9x | 3.1x | 0.7x |
| Thu, 02 Nov 2023 | HK$272.2b | HK$380.4b | HK$90.2b | 5.9x | 3x | 0.7x |
| Sat, 30 Sep 2023 | HK$282.8b | HK$448.9b | HK$119.4b | 6.1x | 2.4x | 0.6x |
| Mon, 28 Aug 2023 | HK$286.2b | HK$516.6b | HK$150.0b | 5.4x | 1.9x | 0.6x |
| Wed, 26 Jul 2023 | HK$304.0b | HK$585.5b | HK$196.4b | 6.2x | 1.5x | 0.5x |
| Fri, 23 Jun 2023 | HK$293.3b | HK$585.3b | HK$196.7b | 4.2x | 1.5x | 0.5x |
| Sun, 21 May 2023 | HK$342.5b | HK$592.8b | HK$198.6b | 4.1x | 1.7x | 0.6x |
| Tue, 18 Apr 2023 | HK$381.4b | HK$669.9b | HK$225.0b | 4.2x | 1.7x | 0.6x |
| Thu, 16 Mar 2023 | HK$350.6b | HK$706.8b | HK$235.8b | 3.2x | 1.5x | 0.5x |
| Sat, 11 Feb 2023 | HK$343.9b | HK$711.8b | HK$239.8b | 2.5x | 1.4x | 0.5x |
| Mon, 09 Jan 2023 | HK$327.8b | HK$705.9b | HK$237.9b | 2.6x | 1.4x | 0.5x |
| Wed, 07 Dec 2022 | HK$362.9b | HK$694.2b | HK$234.4b | 2.6x | 1.5x | 0.5x |
| Fri, 04 Nov 2022 | HK$317.1b | HK$681.0b | HK$231.2b | 1.8x | 1.4x | 0.5x |
| Sun, 02 Oct 2022 | HK$331.6b | HK$675.8b | HK$231.8b | 2.1x | 1.4x | 0.5x |
| Tue, 30 Aug 2022 | HK$452.0b | HK$656.4b | HK$218.6b | 2.8x | 2.1x | 0.7x |
| Thu, 28 Jul 2022 | HK$511.7b | HK$618.8b | HK$190.6b | 4x | 2.7x | 0.8x |
| Sat, 25 Jun 2022 | HK$464.1b | HK$622.9b | HK$191.7b | 4.6x | 2.4x | 0.7x |
| Mon, 23 May 2022 | HK$520.1b | HK$623.2b | HK$191.8b | 4.7x | 2.7x | 0.8x |
| Wed, 20 Apr 2022 | HK$514.9b | HK$595.1b | HK$182.7b | 4.5x | 2.8x | 0.9x |
| Fri, 18 Mar 2022 | HK$553.1b | HK$554.5b | HK$155.0b | 5.4x | 3.6x | 1x |
| Sun, 13 Feb 2022 | HK$560.9b | HK$478.6b | HK$126.2b | 10.6x | 4.4x | 1.2x |
| Tue, 11 Jan 2022 | HK$551.8b | HK$477.4b | HK$125.9b | 10.3x | 4.4x | 1.2x |
| Thu, 09 Dec 2021 | HK$555.8b | HK$477.8b | HK$126.0b | 11.1x | 4.4x | 1.2x |
| Sat, 06 Nov 2021 | HK$460.0b | HK$475.3b | HK$125.2b | 9.1x | 3.7x | 1x |
| Mon, 04 Oct 2021 | HK$492.3b | HK$414.1b | HK$91.0b | 10.8x | 5.4x | 1.2x |
| Wed, 01 Sep 2021 | HK$600.3b | HK$412.6b | HK$90.7b | 11.6x | 6.6x | 1.5x |
| Thu, 08 Jul 2021 | HK$621.5b | HK$412.6b | HK$90.7b | 9.2x | 6.9x | 1.5x |
Price to Earnings Ratio
6.9x
Current Industry PE
- Investors are optimistic on the Hong Kong Shipping industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 10.5x which is higher than its 3-year average PE of 3.4x.
- The 3-year average PS ratio of 0.83x is lower than the industry's current PS ratio of 1.4x.
Past Earnings Growth
- The earnings for companies in the Shipping industry have declined 23% per year over the last three years,
- Revenues have also declined 10% 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 | 2.73% | |
| Industrials | 2.04% | |
| Marine and Shipping | 6.01% | |
| Marine | 6.01% | |
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 | |
|---|---|---|---|---|---|
| 1919 COSCO SHIPPING Holdings | HK$14.02 | 6.5% +HK$13.7b | 100.6% | PE8.9x | |
| 316 Orient Overseas (International) | HK$131.10 | 4.7% +HK$3.9b | 32.0% | PE8.1x | |
| 1308 SITC International Holdings | HK$21.65 | 6.7% +HK$3.6b | 56.0% | PE14x | |
| 2490 LC Logistics | HK$26.80 | 12.4% +HK$844.5m | n/a | PE60x | |
| 2343 Pacific Basin Shipping | HK$2.51 | 1.2% +HK$142.8m | 3.3% | PE15.2x |
