Reliance Global Holdings Limited's (HKG:723) 26% Share Price Surge Not Quite Adding Up
Jan 12
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Hong Kong (HSI) Forestry Products Industry Analysis
UpdatedJan 21, 2025
DataAggregated Company Financials
Companies5
- 7D-12.0%
- 3M-11.0%
- 1Y-4.1%
- YTDn/a
Over the last 7 days, the Forestry Products industry has dropped 12%, driven by Reliance Global Holdings declining 12%. Meanwhile, Steed Oriental (Holdings) actually outperformed within the industry, gaining 23% in the last week. The industry has fallen 4.1% in the last year.
Industry Valuation and Performance
Has the Hong Kong Forestry Products Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 22 Jan 2025 | HK$519.8m | HK$912.7m | HK$55.8m | 8x | 9.3x | 0.6x |
| Fri, 20 Dec 2024 | HK$619.2m | HK$912.7m | HK$56.0m | 6.8x | 11.1x | 0.7x |
| Sun, 17 Nov 2024 | HK$631.4m | HK$895.6m | HK$63.9m | 6.9x | 9.9x | 0.7x |
| Tue, 15 Oct 2024 | HK$771.7m | HK$896.7m | HK$68.4m | 8.2x | 11.3x | 0.9x |
| Thu, 12 Sep 2024 | HK$566.5m | HK$904.4m | HK$58.9m | 5.6x | 9.6x | 0.6x |
| Sat, 10 Aug 2024 | HK$587.1m | HK$964.8m | HK$110.9m | 3x | 5.3x | 0.6x |
| Mon, 08 Jul 2024 | HK$522.9m | HK$964.1m | HK$108.5m | 4.1x | 4.8x | 0.5x |
| Wed, 05 Jun 2024 | HK$789.0m | HK$1.0b | HK$64.7m | 4.7x | 12.2x | 0.8x |
| Fri, 03 May 2024 | HK$638.7m | HK$1.0b | HK$64.6m | 3.9x | 9.9x | 0.6x |
| Sun, 31 Mar 2024 | HK$679.2m | HK$559.5m | HK$63.9m | 0.2x | 10.6x | 1.2x |
| Tue, 27 Feb 2024 | HK$711.5m | HK$528.9m | -HK$111,345,185.87 | n/a | -6.4x | 1.3x |
| Thu, 25 Jan 2024 | HK$584.6m | HK$917.8m | -HK$149,501,672.00 | n/a | -3.9x | 0.6x |
| Sat, 23 Dec 2023 | HK$813.7m | HK$917.4m | -HK$149,186,137.00 | n/a | -5.5x | 0.9x |
| Mon, 20 Nov 2023 | HK$511.0m | HK$1.1b | -HK$142,959,364.00 | 325.6x | -3.6x | 0.5x |
| Wed, 18 Oct 2023 | HK$331.4m | HK$1.1b | -HK$87,429,319.00 | 179.1x | -3.8x | 0.3x |
| Fri, 15 Sep 2023 | HK$342.5m | HK$1.1b | -HK$87,616,556.00 | 162.9x | -3.9x | 0.3x |
| Sun, 13 Aug 2023 | HK$360.3m | HK$1.1b | -HK$97,969,591.00 | 162.9x | -3.7x | 0.3x |
| Tue, 11 Jul 2023 | HK$392.4m | HK$1.1b | -HK$98,937,701.00 | 179.1x | -4x | 0.3x |
| Thu, 08 Jun 2023 | HK$566.1m | HK$1.5b | -HK$143,828,053.00 | 8.4x | -3.9x | 0.4x |
| Sat, 06 May 2023 | HK$600.9m | HK$1.5b | -HK$145,235,761.00 | 9.1x | -4.1x | 0.4x |
| Mon, 03 Apr 2023 | HK$580.0m | HK$1.4b | -HK$194,607,163.00 | 18x | -3x | 0.4x |
| Wed, 01 Mar 2023 | HK$562.1m | HK$1.6b | -HK$326,941,893.00 | 22.5x | -1.7x | 0.3x |
| Fri, 27 Jan 2023 | HK$539.2m | HK$1.7b | -HK$313,922,875.00 | 19.5x | -1.7x | 0.3x |
| Sun, 25 Dec 2022 | HK$582.2m | HK$1.7b | -HK$310,091,205.00 | 25.5x | -1.9x | 0.3x |
| Tue, 22 Nov 2022 | HK$547.1m | HK$1.8b | -HK$301,551,442.00 | 10.1x | -1.8x | 0.3x |
| Thu, 20 Oct 2022 | HK$616.8m | HK$1.9b | -HK$278,829,552.00 | 9.4x | -2.2x | 0.3x |
| Sat, 17 Sep 2022 | HK$674.9m | HK$1.9b | -HK$282,181,561.00 | 12.2x | -2.4x | 0.4x |
| Mon, 15 Aug 2022 | HK$686.6m | HK$2.0b | -HK$245,581,893.00 | 11.5x | -2.8x | 0.3x |
| Wed, 13 Jul 2022 | HK$692.2m | HK$2.1b | -HK$239,788,630.00 | 12.2x | -2.9x | 0.3x |
| Fri, 10 Jun 2022 | HK$862.9m | HK$2.4b | -HK$220,716,562.00 | 9.2x | -3.9x | 0.4x |
| Sun, 08 May 2022 | HK$865.8m | HK$2.4b | -HK$226,136,657.00 | 12.7x | -3.8x | 0.4x |
| Tue, 05 Apr 2022 | HK$904.7m | HK$2.4b | -HK$232,544,205.00 | 12.7x | -3.9x | 0.4x |
| Thu, 03 Mar 2022 | HK$970.3m | HK$2.5b | -HK$458,468,445.00 | 12.2x | -2.1x | 0.4x |
| Sat, 29 Jan 2022 | HK$951.9m | HK$2.5b | -HK$459,662,609.00 | 11.8x | -2.1x | 0.4x |
Price to Earnings Ratio
-2.1x
Current Industry PE
- Investors are optimistic on the Hong Kong Forest Products industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 9.3x which is higher than its 3-year average PE of 0.35x.
- The industry is trading close to its 3-year average PS ratio of 0.51x.
Past Earnings Growth
- Total earnings for the Forest Products industry have gone up over the last three years and the industry is now profitable.
- Revenues have declined 29% per year.
- This means that less sales are being generated overall, but since the cost of doing business is lower, profits have been increasing.
Industry Comparison
How does Hong Kong Forestry Products compare with similar industries?
| HK Market | 3.38% | |
| Materials | 1.98% | |
| Paper and Forestry Products | 4.76% | |
| Forestry Products | -12.02% | |
| Paper Products | 5.18% | |
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 | |
|---|---|---|---|---|---|
| 8277 Steed Oriental (Holdings) | HK$0.18 | 22.7% +HK$8.9m | 31.4% | PS1.3x | |
| 8191 Hong Wei (Asia) Holdings | HK$0.24 | 12.1% +HK$1.4m | n/a | PE16.6x |