At HK$2.77, Is Lee & Man Paper Manufacturing Limited (HKG:2314) Worth Looking At Closely?
Oct 17
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Hong Kong (HSI) Paper and Forestry Products Industry Analysis
UpdatedOct 25, 2025
DataAggregated Company Financials
Companies10
- 7D5.6%
- 3M15.9%
- 1Y41.0%
- YTD53.1%
The Paper and Forestry Products industry is up 5.6% in the last week, with Nine Dragons Paper (Holdings) up 7.7%. In the same time, Reliance Global Holdings was down 35%. This takes the industry's 12 month performance to a gain of 41%. As for the next few years, earnings are expected to grow by 16% per annum.
Industry Valuation and Performance
Has the Hong Kong Paper and Forestry Products Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 26 Oct 2025 | HK$39.0b | HK$95.4b | HK$2.7b | 8.9x | 14.7x | 0.4x |
| Tue, 23 Sep 2025 | HK$41.6b | HK$94.5b | HK$1.7b | 11x | 24.2x | 0.4x |
| Thu, 21 Aug 2025 | HK$39.4b | HK$94.3b | HK$1.7b | 13.8x | 23x | 0.4x |
| Sat, 19 Jul 2025 | HK$27.2b | HK$94.9b | HK$1.7b | 7.7x | 16.3x | 0.3x |
| Mon, 16 Jun 2025 | HK$24.8b | HK$95.0b | HK$2.1b | 12.4x | 12x | 0.3x |
| Wed, 14 May 2025 | HK$23.8b | HK$94.3b | HK$2.1b | 13.9x | 11.6x | 0.3x |
| Fri, 11 Apr 2025 | HK$23.1b | HK$92.8b | HK$2.0b | 12.3x | 11.3x | 0.2x |
| Sun, 09 Mar 2025 | HK$27.1b | HK$93.9b | HK$2.1b | 11x | 12.7x | 0.3x |
| Tue, 04 Feb 2025 | HK$24.2b | HK$90.2b | HK$2.3b | 9.7x | 10.5x | 0.3x |
| Thu, 02 Jan 2025 | HK$25.7b | HK$89.5b | HK$2.3b | 10.8x | 11.2x | 0.3x |
| Sat, 30 Nov 2024 | HK$25.5b | HK$90.1b | HK$2.3b | 9.9x | 11.1x | 0.3x |
| Mon, 28 Oct 2024 | HK$27.4b | HK$91.1b | HK$2.3b | 10.8x | 11.8x | 0.3x |
| Wed, 25 Sep 2024 | HK$25.7b | HK$88.3b | HK$722.1m | 6.2x | 35.6x | 0.3x |
| Fri, 23 Aug 2024 | HK$23.4b | HK$87.6b | HK$783.5m | 5.8x | 29.8x | 0.3x |
| Sun, 21 Jul 2024 | HK$25.6b | HK$86.3b | HK$340.3m | 7.1x | 75.2x | 0.3x |
| Tue, 18 Jun 2024 | HK$27.0b | HK$86.5b | HK$314.4m | 7.3x | 85.8x | 0.3x |
| Thu, 16 May 2024 | HK$31.1b | HK$86.7b | HK$311.7m | 10.1x | 99.7x | 0.4x |
| Sat, 13 Apr 2024 | HK$26.7b | HK$86.3b | HK$309.4m | 5x | 86.3x | 0.3x |
| Mon, 11 Mar 2024 | HK$28.1b | HK$86.7b | HK$440.9m | 4.6x | 63.6x | 0.3x |
| Wed, 07 Feb 2024 | HK$25.0b | HK$89.1b | -HK$2,084,353,316.92 | 13.3x | -12x | 0.3x |
| Fri, 05 Jan 2024 | HK$26.9b | HK$89.0b | -HK$2,100,972,455.00 | 13.3x | -12.8x | 0.3x |
| Sun, 03 Dec 2023 | HK$27.8b | HK$89.2b | -HK$2,107,532,051.00 | 13.4x | -13.2x | 0.3x |
| Tue, 31 Oct 2023 | HK$31.3b | HK$87.9b | -HK$1,979,354,471.00 | 14.1x | -15.8x | 0.4x |
| Thu, 28 Sep 2023 | HK$30.7b | HK$87.9b | -HK$1,981,052,920.00 | 14.4x | -15.5x | 0.3x |
| Sat, 26 Aug 2023 | HK$31.3b | HK$93.2b | -HK$397,565,413.00 | 14.5x | -78.7x | 0.3x |
| Mon, 24 Jul 2023 | HK$34.2b | HK$97.0b | HK$80.1m | 9.3x | 426.8x | 0.4x |
| Wed, 21 Jun 2023 | HK$34.6b | HK$97.5b | HK$45.8m | 9.7x | 756.4x | 0.4x |
| Fri, 19 May 2023 | HK$36.8b | HK$98.9b | HK$24.8m | 10.5x | 1486x | 0.4x |
| Sun, 16 Apr 2023 | HK$43.8b | HK$100.7b | -HK$3,309,643.00 | 12x | -13234x | 0.4x |
| Tue, 14 Mar 2023 | HK$42.0b | HK$100.7b | -HK$80,015,790.00 | 15.8x | -524.9x | 0.4x |
| Thu, 09 Feb 2023 | HK$46.2b | HK$109.0b | HK$5.4b | 8.2x | 8.5x | 0.4x |
| Sat, 07 Jan 2023 | HK$52.6b | HK$108.0b | HK$5.4b | 9.7x | 9.8x | 0.5x |
| Mon, 05 Dec 2022 | HK$42.4b | HK$105.9b | HK$5.3b | 8x | 8x | 0.4x |
| Wed, 02 Nov 2022 | HK$33.2b | HK$103.9b | HK$5.2b | 6.3x | 6.4x | 0.3x |
Price to Earnings Ratio
6.4x
Current Industry PE
- Investors are pessimistic on the Hong Kong Forestry 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 14.6x which is lower than its 3-year average PE of 91.7x.
- The industry is trading close to its 3-year average PS ratio of 0.34x.
Past Earnings Growth
- The earnings for companies in the Forestry industry have declined 20% per year over the last three years,
- Revenues have also declined 3.0% 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 Materials industry?
| HK Market | 3.04% | |
| Materials | -0.37% | |
| Paper and Forestry Products | 5.59% | |
| Paper Products | 5.81% | |
| Forestry Products | -5.64% | |
Industry PE
- Investors are most optimistic about the Paper Products industry even though it's trading below its 3-year average PE ratio of 46.0x.
- Analysts are expecting annual earnings growth of 16.3%, which is lower than the prior year's growth of 63.1% per year.
Forecasted Growth
- Analysts are most optimistic on the Paper Products industry, expecting annual earnings growth of 16% over the next 5 years.
- However this is lower than its past earnings growth rate of 63% per year.
- In contrast, the Paper Products industry is expected to see its earnings grow by 16% 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 | |
|---|---|---|---|---|---|
| 2689 Nine Dragons Paper (Holdings) | HK$5.57 | 7.7% +HK$1.9b | 61.0% | PE13.6x | |
| 2314 Lee & Man Paper Manufacturing | HK$2.82 | 1.8% +HK$214.8m | 14.6% | PE8.9x | |
| 94 Greenheart Group | HK$0.066 | 22.2% +HK$33.4m | 20.0% | PS3.4x | |
| 1580 Da Sen Holdings Group | HK$0.17 | 10.0% +HK$16.4m | 37.5% | PS7.6x | |
| 923 Integrated Waste Solutions Group Holdings | HK$0.025 | 13.6% +HK$14.5m | 19.0% | PS2.7x |
