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Hong Kong (HSI) Real Estate Sector Analysis

UpdatedMar 18, 2024
DataAggregated Company Financials
Companies265
  • 7D3.2%
  • 3M-7.1%
  • 1Y-34.1%
  • YTD-7.5%

The Real Estate industry is up 3.2% in the last week, with China Resources Land up 10%. However, the industry is down 34% over the past year. Earnings are forecast to grow by 17% annually.

Sector Valuation and Performance

Has the Hong Kong Real Estate Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 19 Mar 2024HK$2.1tHK$3.9t-HK$138,268,865,239.756.5x-15.5x0.5x
Thu, 15 Feb 2024HK$2.0tHK$3.9t-HK$174,039,491,189.686.1x-11.8x0.5x
Sat, 13 Jan 2024HK$2.3tHK$4.0t-HK$183,037,020,560.007.1x-12.4x0.6x
Mon, 11 Dec 2023HK$2.3tHK$4.0t-HK$182,508,321,588.007x-12.5x0.6x
Wed, 08 Nov 2023HK$2.4tHK$4.0t-HK$158,665,803,460.007.3x-15x0.6x
Fri, 06 Oct 2023HK$2.5tHK$4.0t-HK$157,140,984,894.007.1x-16.2x0.6x
Sun, 03 Sep 2023HK$2.7tHK$4.1t-HK$142,113,193,192.007.7x-18.9x0.7x
Tue, 01 Aug 2023HK$3.0tHK$4.7t-HK$21,091,526,898.007.9x-144.6x0.6x
Thu, 29 Jun 2023HK$3.0tHK$4.8tHK$17.3b7.3x171.9x0.6x
Sat, 27 May 2023HK$2.9tHK$4.9tHK$14.5b7.1x201.3x0.6x
Mon, 24 Apr 2023HK$3.3tHK$5.0tHK$33.1b7.6x99.6x0.7x
Wed, 22 Mar 2023HK$3.1tHK$5.5tHK$313.6b6x10x0.6x
Fri, 17 Feb 2023HK$3.5tHK$5.6tHK$386.6b6.6x9.1x0.6x
Sun, 15 Jan 2023HK$3.6tHK$5.6tHK$389.3b6.7x9.3x0.6x
Tue, 13 Dec 2022HK$3.5tHK$5.5tHK$382.9b7.1x9.1x0.6x
Thu, 10 Nov 2022HK$2.8tHK$5.4tHK$375.3b5.9x7.4x0.5x
Sat, 08 Oct 2022HK$3.1tHK$5.5tHK$371.8b6.1x8.4x0.6x
Mon, 05 Sep 2022HK$3.3tHK$5.6tHK$392.6b6.3x8.4x0.6x
Wed, 03 Aug 2022HK$3.4tHK$5.8tHK$505.6b6.1x6.6x0.6x
Fri, 01 Jul 2022HK$3.9tHK$5.9tHK$514.6b6.7x7.5x0.7x
Sun, 29 May 2022HK$3.8tHK$5.9tHK$521.3b6.6x7.3x0.7x
Tue, 26 Apr 2022HK$3.9tHK$6.0tHK$532.8b6.7x7.3x0.6x
Thu, 24 Mar 2022HK$4.1tHK$6.0tHK$648.3b6.3x6.3x0.7x
Sat, 19 Feb 2022HK$4.5tHK$6.0tHK$618.1b6.7x7.2x0.7x
Mon, 17 Jan 2022HK$4.2tHK$6.0tHK$607.6b6.8x6.9x0.7x
Wed, 15 Dec 2021HK$4.1tHK$6.0tHK$606.5b7x6.8x0.7x
Fri, 12 Nov 2021HK$4.5tHK$6.0tHK$600.8b7.8x7.5x0.8x
Sun, 10 Oct 2021HK$4.5tHK$5.9tHK$583.8b7.6x7.8x0.8x
Tue, 07 Sep 2021HK$4.8tHK$5.9tHK$579.2b8x8.2x0.8x
Thu, 05 Aug 2021HK$4.8tHK$5.9tHK$575.0b7.7x8.3x0.8x
Sun, 09 May 2021HK$5.6tHK$5.5tHK$512.4b8x11x1x
Price to Earnings Ratio

11.1x


Total Market Cap: HK$5.7tTotal Earnings: HK$514.0bTotal Revenue: HK$5.5tTotal Market Cap vs Earnings and Revenue0%0%0%
Hong Kong Real Estate Sector Price to Earnings3Y Average 18.7x202220232024
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 0.72x.
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 11% per year, which is driving profits down.

Industry Trends

Which industries have driven the changes within the Hong Kong Real Estate sector?

HK Market1.55%
Real Estate3.17%
Real Estate3.45%
Industrial REITs2.06%
Office REITs0.33%
Specialized REITs0%
Residential REITs0%
Hotel and Resort REITs0%
Health Care REITs0%
Retail REITs-0.49%
REITS-5.16%
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 29.0% 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 43% over the next 5 years.
  • In contrast, the Hotel and Resort REITs industry is expected to see its earnings decline 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?

CompanyLast Price7D1YValuation
1109 China Resources LandHK$24.7010.3%
+HK$16.4b
-29.9%PE5.2x
960 Longfor Group HoldingsHK$10.065.9%
+HK$3.8b
-52.9%PE2.5x
688 China Overseas Land & InvestmentHK$10.903.0%
+HK$3.5b
-44.2%PE5.5x
1209 China Resources Mixc Lifestyle ServicesHK$23.853.9%
+HK$2.1b
-40.5%PE19.4x
2602 OnewoHK$18.725.5%
+HK$1.2b
-48.4%PE12.4x
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Latest News

19

HK$63.70

Swire Pacific

7D

-0.6%

1Y

6.1%

4

HK$26.30

Wharf (Holdings)

7D

-4.0%

1Y

49.8%

120

HK$1.25

Cosmopolitan International Holdings

7D

-27.7%

1Y

-74.5%

1109

HK$24.70

China Resources Land

7D

10.3%

1Y

-29.9%

688

HK$10.90

China Overseas Land & Investment

7D

3.0%

1Y

-44.2%

3900

HK$6.55

Greentown China Holdings

7D

5.0%

1Y

-33.4%

1821

HK$8.85

ESR Group

7D

-10.6%

1Y

-31.8%

1209

HK$23.85

China Resources Mixc Lifestyle Services

7D

3.9%

1Y

-40.5%

12

HK$22.30

Henderson Land Development

7D

-1.8%

1Y

-16.5%

2602

HK$18.72

Onewo

7D

5.5%

1Y

-48.4%

9993

HK$2.00

Radiance Holdings (Group)

7D

8.1%

1Y

-56.8%

2669

HK$6.31

China Overseas Property Holdings

7D

3.8%

1Y

-28.6%

823

HK$36.20

Link Real Estate Investment Trust

7D

-2.0%

1Y

-27.1%