Risks Still Elevated At These Prices As Reliance Global Holdings Limited (HKG:723) Shares Dive 33%
Aug 27
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Hong Kong (HSI) Paper and Forestry Products Industry Analysis
UpdatedAug 31, 2025
DataAggregated Company Financials
Companies10
- 7D1.4%
- 3M63.0%
- 1Y62.5%
- YTD56.6%
Over the last 7 days, the Paper and Forestry Products industry has remained flat, although notably Reliance Global Holdings declined by 12%. As for the the longer term, the industry is up 61% over the past 12 months. As for the next few years, earnings are expected to grow by 25% 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, 31 Aug 2025 | HK$39.9b | HK$94.6b | HK$1.8b | 12.4x | 22.3x | 0.4x |
| Tue, 29 Jul 2025 | HK$33.3b | HK$94.9b | HK$1.7b | 8.9x | 19.9x | 0.4x |
| Thu, 26 Jun 2025 | HK$25.7b | HK$95.1b | HK$2.1b | 12.5x | 12.4x | 0.3x |
| Sat, 24 May 2025 | HK$23.7b | HK$94.8b | HK$2.1b | 12.9x | 11.5x | 0.2x |
| Mon, 21 Apr 2025 | HK$22.8b | HK$93.1b | HK$2.0b | 12.4x | 11.1x | 0.2x |
| Wed, 19 Mar 2025 | HK$27.2b | HK$94.0b | HK$2.1b | 11.1x | 13x | 0.3x |
| Fri, 14 Feb 2025 | HK$25.8b | HK$89.7b | HK$2.3b | 10.1x | 11.2x | 0.3x |
| Sun, 12 Jan 2025 | HK$24.3b | HK$89.4b | HK$2.3b | 10.6x | 10.6x | 0.3x |
| Tue, 10 Dec 2024 | HK$26.6b | HK$89.9b | HK$2.3b | 9.9x | 11.6x | 0.3x |
| Thu, 07 Nov 2024 | HK$27.3b | HK$90.6b | HK$2.3b | 13.4x | 11.8x | 0.3x |
| Sat, 05 Oct 2024 | HK$33.3b | HK$91.7b | HK$2.3b | 11x | 14.3x | 0.4x |
| Mon, 02 Sep 2024 | HK$24.3b | HK$88.0b | HK$726.5m | 5.4x | 33.5x | 0.3x |
| Wed, 31 Jul 2024 | HK$24.4b | HK$86.4b | HK$338.8m | 6.2x | 72.2x | 0.3x |
| Fri, 28 Jun 2024 | HK$26.0b | HK$86.3b | HK$315.6m | 7.7x | 82.3x | 0.3x |
| Sun, 26 May 2024 | HK$31.7b | HK$86.6b | HK$313.1m | 8.9x | 101.3x | 0.4x |
| Tue, 23 Apr 2024 | HK$25.3b | HK$86.8b | HK$311.3m | 8x | 81.2x | 0.3x |
| Thu, 21 Mar 2024 | HK$26.9b | HK$86.6b | HK$342.2m | 4.8x | 78.7x | 0.3x |
| Sat, 17 Feb 2024 | HK$26.9b | HK$89.0b | -HK$2,079,710,091.52 | 13.6x | -13x | 0.3x |
| Mon, 15 Jan 2024 | HK$24.5b | HK$89.0b | -HK$2,099,544,982.00 | 13x | -11.7x | 0.3x |
| Wed, 13 Dec 2023 | HK$26.5b | HK$88.8b | -HK$2,092,808,417.00 | 12.7x | -12.6x | 0.3x |
| Fri, 10 Nov 2023 | HK$31.3b | HK$88.0b | -HK$1,985,961,248.00 | 14x | -15.8x | 0.4x |
| Sun, 08 Oct 2023 | HK$31.2b | HK$88.1b | -HK$1,988,069,164.00 | 13.7x | -15.7x | 0.4x |
| Tue, 05 Sep 2023 | HK$32.1b | HK$93.3b | -HK$388,994,751.00 | 14.7x | -82.6x | 0.3x |
| Thu, 03 Aug 2023 | HK$35.0b | HK$93.9b | -HK$421,203,797.00 | 16.4x | -83.1x | 0.4x |
| Sat, 01 Jul 2023 | HK$34.6b | HK$96.7b | HK$68.8m | 9.5x | 503.2x | 0.4x |
| Mon, 29 May 2023 | HK$34.7b | HK$98.6b | HK$28.6m | 10.1x | 1213.5x | 0.4x |
| Wed, 26 Apr 2023 | HK$41.0b | HK$100.1b | HK$5.4m | 11.9x | 7568.4x | 0.4x |
| Fri, 24 Mar 2023 | HK$44.4b | HK$101.2b | -HK$87,973,226.00 | 15.9x | -504.3x | 0.4x |
| Sun, 19 Feb 2023 | HK$46.0b | HK$108.0b | HK$5.4b | 8.3x | 8.6x | 0.4x |
| Tue, 17 Jan 2023 | HK$52.7b | HK$109.2b | HK$5.4b | 9.5x | 9.7x | 0.5x |
| Thu, 15 Dec 2022 | HK$53.2b | HK$106.5b | HK$5.3b | 10x | 10x | 0.5x |
| Sat, 12 Nov 2022 | HK$36.4b | HK$104.7b | HK$5.2b | 6.9x | 6.9x | 0.3x |
| Mon, 10 Oct 2022 | HK$34.0b | HK$105.7b | HK$5.3b | 6.2x | 6.4x | 0.3x |
| Wed, 07 Sep 2022 | HK$42.2b | HK$108.3b | HK$8.3b | 6.2x | 5.1x | 0.4x |
Price to Earnings Ratio
5.1x
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 22.1x which is lower than its 3-year average PE of 91.0x.
- The industry is trading close to its 3-year average PS ratio of 0.33x.
Past Earnings Growth
- The earnings for companies in the Forestry industry have declined 40% per year over the last three years,
- Revenues have also declined 4.5% 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 | -1.15% | |
| Materials | 6.74% | |
| Paper and Forestry Products | 1.37% | |
| Paper Products | 1.53% | |
| Forestry Products | -6.84% | |
Industry PE
- Investors are most optimistic about the Paper Products industry even though it's trading below its 3-year average PE ratio of 45.4x.
- Analysts are expecting annual earnings growth of 24.6%, which is higher than its past year's earnings decline of 9.3% per year.
Forecasted Growth
- Analysts are most optimistic on the Paper Products industry, expecting annual earnings growth of 25% over the next 5 years.
- This is better than its past earnings decline of 9.3% per year.
- In contrast, the Paper Products industry is expected to see its earnings grow by 25% 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$5.65 | 1.4% +HK$375.4m | 85.2% | PE26.1x | |
| 2314 Lee & Man Paper Manufacturing | HK$2.95 | 1.7% +HK$214.8m | 35.3% | PE9.3x |