Swire Properties' (HKG:1972) Shareholders Will Receive A Bigger Dividend Than Last Year
Mar 18
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Hong Kong (HSI) Real Estate Sector Analysis
UpdatedMar 20, 2025
DataAggregated Company Financials
Companies251
- 7D2.6%
- 3M9.6%
- 1Y8.5%
- YTD9.5%
Over the last 7 days, the Real Estate industry has risen 1.8%, driven by gains in China Resources Land and Sun Hung Kai Properties of 4.3% and 3.4%, respectively. During this same period, the Wharf (Holdings) underperformed, falling 9.3%. This means that the industry has gained 8.8% over the past year. Looking forward, earnings are forecast to grow by 24% annually.
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 |
|---|---|---|---|---|---|---|
| Thu, 20 Mar 2025 | HK$2.2t | HK$3.4t | -HK$278,331,030,874.15 | 8.6x | -7.8x | 0.6x |
| Sat, 15 Feb 2025 | HK$2.0t | HK$3.4t | -HK$251,029,426,431.64 | 7.8x | -8x | 0.6x |
| Mon, 13 Jan 2025 | HK$1.9t | HK$3.1t | -HK$91,321,722,648.28 | 7.3x | -20.7x | 0.6x |
| Wed, 11 Dec 2024 | HK$2.1t | HK$3.1t | -HK$101,337,538,914.77 | 7.8x | -20.6x | 0.7x |
| Fri, 08 Nov 2024 | HK$2.3t | HK$3.1t | -HK$97,876,731,475.10 | 8.6x | -23.3x | 0.7x |
| Sun, 06 Oct 2024 | HK$2.5t | HK$3.2t | -HK$97,006,779,850.00 | 9.2x | -25.5x | 0.8x |
| Tue, 03 Sep 2024 | HK$1.9t | HK$3.3t | -HK$77,159,911,035.43 | 7.8x | -24.1x | 0.6x |
| Thu, 01 Aug 2024 | HK$1.9t | HK$3.5t | -HK$22,331,970,872.79 | 7.2x | -87.2x | 0.6x |
| Sat, 29 Jun 2024 | HK$2.0t | HK$3.4t | -HK$7,259,147,447.14 | 6.8x | -276.3x | 0.6x |
| Mon, 27 May 2024 | HK$2.3t | HK$4.0t | -HK$70,017,862,528.60 | 7.6x | -33x | 0.6x |
| Wed, 24 Apr 2024 | HK$2.0t | HK$4.0t | -HK$79,537,234,925.87 | 6.8x | -25.1x | 0.5x |
| Fri, 22 Mar 2024 | HK$2.1t | HK$3.9t | -HK$138,742,742,299.63 | 6.4x | -15.3x | 0.5x |
| Sun, 18 Feb 2024 | HK$2.1t | HK$3.9t | -HK$173,818,210,463.83 | 6.2x | -12.2x | 0.5x |
| Tue, 16 Jan 2024 | HK$2.3t | HK$4.0t | -HK$182,828,842,669.00 | 7.1x | -12.3x | 0.6x |
| Thu, 14 Dec 2023 | HK$2.3t | HK$4.0t | -HK$182,200,303,815.00 | 6.9x | -12.5x | 0.6x |
| Sat, 11 Nov 2023 | HK$2.3t | HK$4.0t | -HK$175,552,331,421.00 | 7.2x | -13.3x | 0.6x |
| Mon, 09 Oct 2023 | HK$2.5t | HK$4.0t | -HK$157,217,421,007.00 | 7.2x | -15.9x | 0.6x |
| Wed, 06 Sep 2023 | HK$2.7t | HK$4.1t | -HK$138,566,964,879.00 | 7.7x | -19.6x | 0.7x |
| Fri, 04 Aug 2023 | HK$3.0t | HK$4.7t | -HK$24,193,233,987.00 | 7.8x | -121.9x | 0.6x |
| Sun, 02 Jul 2023 | HK$3.0t | HK$4.8t | HK$19.2b | 7.5x | 153.8x | 0.6x |
| Tue, 30 May 2023 | HK$2.9t | HK$4.9t | HK$14.8b | 7x | 196.6x | 0.6x |
| Thu, 27 Apr 2023 | HK$3.3t | HK$5.0t | HK$33.5b | 7.6x | 97.4x | 0.6x |
| Sat, 25 Mar 2023 | HK$3.2t | HK$5.5t | HK$303.5b | 6.2x | 10.4x | 0.6x |
| Mon, 20 Feb 2023 | HK$3.5t | HK$5.6t | HK$384.2b | 6.6x | 9x | 0.6x |
| Wed, 18 Jan 2023 | HK$3.6t | HK$5.6t | HK$388.1b | 6.8x | 9.3x | 0.6x |
| Fri, 16 Dec 2022 | HK$3.5t | HK$5.5t | HK$383.1b | 7.1x | 9x | 0.6x |
| Sun, 13 Nov 2022 | HK$3.0t | HK$5.5t | HK$377.7b | 6x | 7.9x | 0.5x |
| Tue, 11 Oct 2022 | HK$3.1t | HK$5.5t | HK$371.8b | 6x | 8.3x | 0.6x |
| Thu, 08 Sep 2022 | HK$3.4t | HK$5.5t | HK$377.1b | 6.4x | 8.9x | 0.6x |
| Sat, 06 Aug 2022 | HK$3.4t | HK$5.8t | HK$502.4b | 6x | 6.8x | 0.6x |
| Mon, 04 Jul 2022 | HK$3.9t | HK$5.9t | HK$510.4b | 6.7x | 7.6x | 0.7x |
| Wed, 01 Jun 2022 | HK$3.9t | HK$5.9t | HK$523.4b | 6.6x | 7.4x | 0.7x |
| Fri, 29 Apr 2022 | HK$3.9t | HK$6.0t | HK$529.6b | 6.9x | 7.4x | 0.7x |
| Sun, 27 Mar 2022 | HK$4.0t | HK$6.1t | HK$644.6b | 6.2x | 6.2x | 0.7x |
Price to Earnings Ratio
6.2x
Current Industry PE
- Investors are relatively neutral on the Hong Kong Real Estate industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PS ratio of 0.64x.
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 18% per year, which is driving profits down.
Industry Trends
Which industries have driven the changes within the Hong Kong Real Estate sector?
| HK Market | 4.25% | |
| Real Estate | 2.64% | |
| Office REITs | 5.71% | |
| Real Estate | 2.69% | |
| Retail REITs | 1.85% | |
| REITS | -0.93% | |
| Hotel and Resort REITs | -1.22% | |
| Industrial REITs | -6.83% | |
Industry PE
- Investors are most optimistic about the Hotel and Resort REITs industry which is trading above its 3-year average PE ratio of 6.7x.
- Analysts expect its future annual earnings decline (68.4%) to be largely in line with prior year's earnings decline.
Forecasted Growth
- Analysts are most optimistic on the Industrial REITs industry, expecting annual earnings growth of 106% over the next 5 years.
- In contrast, the Hotel and Resort REITs industry is expected to see its earnings decline by 68% 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$26.80 | 4.3% +HK$7.8b | 10.1% | PE6.4x | |
| 16 Sun Hung Kai Properties | HK$78.15 | 3.4% +HK$7.4b | 4.1% | PE13x | |
| 1972 Swire Properties | HK$17.16 | 6.3% +HK$5.9b | 7.7% | PS6.3x | |
| 1209 China Resources Mixc Lifestyle Services | HK$34.70 | 5.3% +HK$4.0b | 47.0% | PE21.5x | |
| 817 China Jinmao Holdings Group | HK$1.29 | 16.2% +HK$2.4b | 115.0% | PS0.2x |
