China Overseas Grand Oceans Group Limited Just Missed Earnings - But Analysts Have Updated Their Models
Apr 24
Hong Kong (HSI) Real Estate Sector Analysis
UpdatedApr 26, 2024
DataAggregated Company Financials
Companies263
- 7D4.8%
- 3M-3.7%
- 1Y-35.7%
- YTD-11.4%
China Resources Land is up 9.5%, leading the way for the Real Estate industry, which has gained 3.7%. In the same time, C C Land Holdings was down 6.7%. In contrast, the industry has lost 36% in the last 12 months. As for the next few years, earnings are expected to grow by 15% per annum.
Sector Valuation and Performance
Has the Hong Kong Real Estate Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 26 Apr 2024 | HK$2.1t | HK$4.0t | -HK$79,268,225,606.99 | 6.9x | -25.9x | 0.5x |
| Sun, 24 Mar 2024 | HK$2.1t | HK$3.9t | -HK$156,432,974,686.53 | 6.7x | -13.2x | 0.5x |
| Tue, 20 Feb 2024 | HK$2.1t | HK$3.9t | -HK$173,664,135,535.37 | 6.1x | -12x | 0.5x |
| Thu, 18 Jan 2024 | HK$2.1t | HK$4.0t | -HK$182,206,359,873.00 | 6.6x | -11.6x | 0.5x |
| Sat, 16 Dec 2023 | HK$2.4t | HK$4.1t | -HK$184,413,775,679.00 | 6.8x | -12.9x | 0.6x |
| Mon, 13 Nov 2023 | HK$2.3t | HK$4.0t | -HK$175,550,246,187.00 | 7.2x | -13.3x | 0.6x |
| Wed, 11 Oct 2023 | HK$2.5t | HK$4.0t | -HK$156,974,350,800.00 | 7.2x | -15.9x | 0.6x |
| Fri, 08 Sep 2023 | HK$2.7t | HK$4.0t | -HK$139,573,079,405.00 | 7.7x | -19.5x | 0.7x |
| Sun, 06 Aug 2023 | HK$2.9t | HK$4.7t | -HK$24,790,003,586.00 | 7.8x | -118.4x | 0.6x |
| Tue, 04 Jul 2023 | HK$3.0t | HK$4.8t | HK$19.1b | 7.5x | 155.9x | 0.6x |
| Thu, 01 Jun 2023 | HK$2.8t | HK$4.9t | HK$15.1b | 6.8x | 187.9x | 0.6x |
| Sat, 29 Apr 2023 | HK$3.3t | HK$5.0t | HK$33.4b | 7.8x | 98.5x | 0.7x |
| Mon, 27 Mar 2023 | HK$3.2t | HK$5.5t | HK$295.5b | 6.2x | 10.7x | 0.6x |
| Wed, 22 Feb 2023 | HK$3.5t | HK$5.6t | HK$383.6b | 6.7x | 9.2x | 0.6x |
| Fri, 20 Jan 2023 | HK$3.6t | HK$5.6t | HK$387.9b | 6.7x | 9.4x | 0.7x |
| Sun, 18 Dec 2022 | HK$3.5t | HK$5.5t | HK$382.7b | 7x | 9.2x | 0.6x |
| Tue, 15 Nov 2022 | HK$3.2t | HK$5.5t | HK$377.7b | 6.1x | 8.4x | 0.6x |
| Thu, 13 Oct 2022 | HK$3.0t | HK$5.5t | HK$370.8b | 5.8x | 8.1x | 0.5x |
| Sat, 10 Sep 2022 | HK$3.4t | HK$5.5t | HK$373.8b | 6.7x | 9.2x | 0.6x |
| Mon, 08 Aug 2022 | HK$3.4t | HK$5.8t | HK$502.2b | 6x | 6.8x | 0.6x |
| Wed, 06 Jul 2022 | HK$3.8t | HK$5.9t | HK$508.7b | 6.7x | 7.5x | 0.7x |
| Fri, 03 Jun 2022 | HK$3.9t | HK$5.9t | HK$522.8b | 6.7x | 7.4x | 0.7x |
| Sun, 01 May 2022 | HK$3.9t | HK$5.9t | HK$526.9b | 6.9x | 7.5x | 0.7x |
| Tue, 29 Mar 2022 | HK$4.0t | HK$6.1t | HK$645.7b | 6.1x | 6.2x | 0.7x |
| Thu, 24 Feb 2022 | HK$4.4t | HK$6.0t | HK$624.7b | 6.6x | 7x | 0.7x |
| Sat, 22 Jan 2022 | HK$4.5t | HK$6.0t | HK$608.5b | 6.9x | 7.4x | 0.8x |
| Mon, 20 Dec 2021 | HK$4.1t | HK$5.9t | HK$605.8b | 7x | 6.8x | 0.7x |
| Wed, 17 Nov 2021 | HK$4.4t | HK$5.9t | HK$602.1b | 7.6x | 7.3x | 0.7x |
| Fri, 15 Oct 2021 | HK$4.5t | HK$5.9t | HK$584.7b | 7.7x | 7.8x | 0.8x |
| Sun, 12 Sep 2021 | HK$4.8t | HK$5.9t | HK$579.2b | 8x | 8.2x | 0.8x |
| Tue, 10 Aug 2021 | HK$4.9t | HK$5.9t | HK$575.0b | 7.7x | 8.5x | 0.8x |
| Mon, 03 May 2021 | HK$5.6t | HK$5.5t | HK$512.4b | 8x | 11x | 1x |
Price to Earnings Ratio
11x
Current Industry PE
- Investors are pessimistic on the Hong Kong Real Estate industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading close to its 3-year average PS ratio of 0.70x.
Past Earnings Growth
- Total earnings for the Real Estate industry have declined over the last three years, with the industry now making a loss overall.
- Revenues have also declined 9.8% per year, which is driving profits down.
Industry Trends
Which industries have driven the changes within the Hong Kong Real Estate sector?
| HK Market | 3.52% | |
| Real Estate | 4.82% | |
| Office REITs | 9.64% | |
| Retail REITs | 9.57% | |
| REITS | 5.41% | |
| Hotel and Resort REITs | 4.60% | |
| Real Estate | 4.57% | |
| Industrial REITs | 4.42% | |
| Specialized REITs | 0% | |
| Residential REITs | 0% | |
| Health Care REITs | 0% | |
Industry PE
- Investors are most optimistic about the Office REITs industry which is trading above its 3-year average PE ratio.
- Analysts are expecting annual earnings growth of 28.1% and investors are willing to pay a premium for that growth.
Forecasted Growth
- Analysts are most optimistic on the Retail REITs industry, expecting annual earnings growth of 36% over the next 5 years.
- In contrast, the Hotel and Resort REITs industry is expected to see its earnings decline by 30% 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 | |
|---|---|---|---|---|---|
| 1109 China Resources Land | HK$26.05 | 9.5% +HK$16.0b | -27.8% | PE5.5x | |
| 688 China Overseas Land & Investment | HK$12.90 | 12.2% +HK$15.3b | -35.4% | PE5.1x | |
| 823 Link Real Estate Investment Trust | HK$33.90 | 9.5% +HK$7.5b | -33.5% | PB0.5x | |
| 12 Henderson Land Development | HK$23.55 | 5.6% +HK$6.1b | -14.1% | PE12.3x | |
| 16 Sun Hung Kai Properties | HK$72.00 | 2.9% +HK$5.8b | -33.5% | PE8.5x |
