BOC Aviation Limited (HKG:2588) Looks Inexpensive But Perhaps Not Attractive Enough
Nov 18
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Hong Kong (HSI) Trade Companies and Distributors Industry Analysis
UpdatedNov 21, 2024
DataAggregated Company Financials
Companies51
- 7D-1.1%
- 3M2.9%
- 1Y-6.3%
- YTDn/a
Over the last 7 days, the Trade Companies and Distributors industry has remained flat, although notably Hao Tian International Construction Investment Group gained 67%. As for the longer term, the industry has declined 5.8% in the last year. Looking forward, earnings are forecast to grow by 14% annually.
Industry Valuation and Performance
Has the Hong Kong Trade Companies and Distributors Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 21 Nov 2024 | HK$140.5b | HK$499.2b | HK$9.9b | 10.4x | 14.1x | 0.3x |
| Sat, 19 Oct 2024 | HK$137.8b | HK$500.4b | HK$9.5b | 11.1x | 14.5x | 0.3x |
| Mon, 16 Sep 2024 | HK$131.4b | HK$502.0b | HK$9.2b | 9x | 14.3x | 0.3x |
| Wed, 14 Aug 2024 | HK$145.4b | HK$490.2b | HK$9.9b | 9x | 14.7x | 0.3x |
| Fri, 12 Jul 2024 | HK$144.0b | HK$486.4b | HK$9.8b | 11x | 14.7x | 0.3x |
| Sun, 09 Jun 2024 | HK$150.3b | HK$490.1b | HK$10.6b | 12.5x | 14.2x | 0.3x |
| Tue, 07 May 2024 | HK$152.1b | HK$443.7b | HK$10.7b | 11.3x | 14.2x | 0.3x |
| Thu, 04 Apr 2024 | HK$151.2b | HK$442.5b | HK$10.6b | 11.7x | 14.2x | 0.3x |
| Sat, 02 Mar 2024 | HK$143.6b | HK$420.3b | HK$5.9b | 9.1x | 24.5x | 0.3x |
| Mon, 29 Jan 2024 | HK$148.5b | HK$473.1b | HK$5.8b | 8.6x | 25.7x | 0.3x |
| Wed, 27 Dec 2023 | HK$156.6b | HK$473.5b | HK$5.8b | 8.6x | 27.1x | 0.3x |
| Fri, 24 Nov 2023 | HK$151.3b | HK$471.7b | HK$5.0b | 7.5x | 30.4x | 0.3x |
| Sun, 22 Oct 2023 | HK$143.6b | HK$467.9b | HK$6.0b | 7.8x | 23.8x | 0.3x |
| Tue, 19 Sep 2023 | HK$149.8b | HK$468.5b | HK$6.3b | 8.3x | 23.7x | 0.3x |
| Thu, 17 Aug 2023 | HK$152.8b | HK$448.8b | HK$2.7b | 9.5x | 55.6x | 0.3x |
| Sat, 15 Jul 2023 | HK$157.2b | HK$459.5b | HK$4.0b | 9.5x | 39.3x | 0.3x |
| Mon, 12 Jun 2023 | HK$160.3b | HK$459.6b | HK$3.3b | 8x | 48.4x | 0.3x |
| Wed, 10 May 2023 | HK$151.6b | HK$459.1b | HK$2.6b | 8.8x | 57.9x | 0.3x |
| Fri, 07 Apr 2023 | HK$149.6b | HK$459.0b | HK$5.7b | 9.6x | 26.1x | 0.3x |
| Sun, 05 Mar 2023 | HK$152.5b | HK$454.5b | HK$4.7b | 8.2x | 32.2x | 0.3x |
| Tue, 31 Jan 2023 | HK$168.7b | HK$460.1b | HK$4.6b | 8.6x | 36.7x | 0.4x |
| Thu, 29 Dec 2022 | HK$158.5b | HK$404.1b | HK$1.1b | 10x | 141.5x | 0.4x |
| Sat, 26 Nov 2022 | HK$148.9b | HK$397.9b | HK$1.8b | 7.6x | 82.7x | 0.4x |
| Mon, 24 Oct 2022 | HK$149.3b | HK$402.3b | HK$3.5b | 8.1x | 42.7x | 0.4x |
| Wed, 21 Sep 2022 | HK$161.9b | HK$410.0b | HK$3.9b | 7.4x | 41x | 0.4x |
| Fri, 19 Aug 2022 | HK$148.4b | HK$339.5b | HK$9.4b | 6.3x | 15.8x | 0.4x |
| Sun, 17 Jul 2022 | HK$153.9b | HK$339.0b | HK$9.0b | 6.2x | 17.2x | 0.5x |
| Tue, 14 Jun 2022 | HK$155.1b | HK$339.2b | HK$9.2b | 9.6x | 16.8x | 0.5x |
| Thu, 12 May 2022 | HK$155.6b | HK$332.8b | HK$9.1b | 9.5x | 17x | 0.5x |
| Sat, 09 Apr 2022 | HK$160.5b | HK$343.3b | HK$8.8b | 9.6x | 18.3x | 0.5x |
| Mon, 07 Mar 2022 | HK$158.0b | HK$303.0b | HK$10.7b | 12.1x | 14.8x | 0.5x |
| Wed, 02 Feb 2022 | HK$150.0b | HK$301.5b | HK$12.2b | 11.1x | 12.3x | 0.5x |
| Fri, 31 Dec 2021 | HK$151.1b | HK$300.4b | HK$12.2b | 11.5x | 12.3x | 0.5x |
| Sun, 28 Nov 2021 | HK$151.0b | HK$299.9b | HK$12.1b | 10.4x | 12.4x | 0.5x |
Price to Earnings Ratio
12.4x
Current Industry PE
- Investors are pessimistic on the Hong Kong Trading Companies and Distributors industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 14.2x which is lower than its 3-year average PE of 28.9x.
- The industry is trading close to its 3-year average PS ratio of 0.37x.
Past Earnings Growth
- The earnings for companies in the Trading Companies and Distributors industry have declined 6.5% per year over the last three years.
- Meanwhile revenues for these companies have grown 19% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Comparison
How does Hong Kong Trade Companies and Distributors compare with similar industries?
| HK Market | 0.42% | |
| Industrials | 0.40% | |
| Trade Distributors | -1.10% | |
| Trade Companies and Distributors | -1.10% | |
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 | |
|---|---|---|---|---|---|
| 2588 BOC Aviation | HK$60.70 | 2.5% +HK$1.0b | 5.7% | PE5.6x | |
| 1341 Hao Tian International Construction Investment Group | HK$0.60 | 17.6% +HK$685.9m | -52.0% | PS26.4x | |
| 1539 Unity Group Holdings International | HK$0.46 | 16.7% +HK$223.9m | -26.6% | PE186.8x | |
| 1159 Smart Digital Technology Group | HK$1.91 | 141.8% +HK$110.4m | -31.8% | PS3.1x | |
| 1733 E-Commodities Holdings | HK$1.41 | 2.2% +HK$80.9m | -2.8% | PE1.8x |
