Positive Sentiment Still Eludes Gemdale Properties and Investment Corporation Limited (HKG:535) Following 25% Share Price Slump
Sep 11
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Hong Kong (HSI) Real Estate Sector Analysis
UpdatedSep 13, 2025
DataAggregated Company Financials
Companies240
- 7D5.8%
- 3M14.7%
- 1Y36.8%
- YTD27.3%
Over the last 7 days, the Real Estate industry has risen 5.8%, and China Overseas Land & Investment contributed the most with a gain of 8.6%. During this same period, the Gemdale Properties and Investment underperformed, falling 9.8%. This means that the industry has gained 37% over the past year. Looking forward, earnings are forecast to grow by 26% 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 |
|---|---|---|---|---|---|---|
| Sat, 13 Sep 2025 | HK$2.4t | HK$2.6t | -HK$146,608,175,910.94 | 13.2x | -16.7x | 0.9x |
| Mon, 11 Aug 2025 | HK$2.3t | HK$3.0t | -HK$184,632,297,127.20 | 11.1x | -12.6x | 0.8x |
| Wed, 09 Jul 2025 | HK$2.2t | HK$3.0t | -HK$179,246,433,571.26 | 11.2x | -12.4x | 0.7x |
| Fri, 06 Jun 2025 | HK$2.1t | HK$3.0t | -HK$187,058,716,278.99 | 10.3x | -11.3x | 0.7x |
| Sun, 04 May 2025 | HK$2.1t | HK$2.9t | -HK$177,042,021,638.36 | 10.8x | -11.7x | 0.7x |
| Tue, 01 Apr 2025 | HK$2.1t | HK$3.1t | -HK$276,555,519,672.69 | 10.1x | -7.5x | 0.7x |
| Thu, 27 Feb 2025 | HK$2.1t | HK$3.4t | -HK$251,627,572,672.89 | 8x | -8.3x | 0.6x |
| Sat, 25 Jan 2025 | HK$1.9t | HK$3.4t | -HK$251,384,776,068.84 | 7.4x | -7.6x | 0.6x |
| Mon, 23 Dec 2024 | HK$1.9t | HK$3.1t | -HK$101,060,561,029.70 | 7.3x | -19.2x | 0.6x |
| Wed, 20 Nov 2024 | HK$2.1t | HK$3.1t | -HK$96,901,955,650.57 | 7.7x | -21.4x | 0.7x |
| Fri, 18 Oct 2024 | HK$2.2t | HK$3.2t | -HK$95,998,863,869.21 | 7.9x | -22.4x | 0.7x |
| Sun, 15 Sep 2024 | HK$1.8t | HK$3.2t | -HK$79,308,740,959.85 | 6.9x | -23x | 0.6x |
| Tue, 13 Aug 2024 | HK$1.9t | HK$3.4t | -HK$58,588,017,856.11 | 7.1x | -32x | 0.6x |
| Thu, 11 Jul 2024 | HK$2.0t | HK$3.4t | -HK$19,458,228,311.28 | 7.1x | -102.2x | 0.6x |
| Sat, 08 Jun 2024 | HK$2.2t | HK$4.0t | -HK$70,081,833,964.69 | 7.5x | -31.3x | 0.5x |
| Mon, 06 May 2024 | HK$2.3t | HK$4.1t | -HK$79,194,766,563.68 | 7.6x | -28.7x | 0.6x |
| Wed, 03 Apr 2024 | HK$2.1t | HK$4.1t | -HK$78,334,817,044.40 | 7.2x | -26.6x | 0.5x |
| Fri, 01 Mar 2024 | HK$2.2t | HK$3.9t | -HK$167,445,889,127.62 | 6.4x | -13x | 0.6x |
| Sun, 28 Jan 2024 | HK$2.2t | HK$4.0t | -HK$183,457,317,080.00 | 6.4x | -11.8x | 0.5x |
| Tue, 26 Dec 2023 | HK$2.3t | HK$4.0t | -HK$183,836,660,724.00 | 6.8x | -12.7x | 0.6x |
| Thu, 23 Nov 2023 | HK$2.4t | HK$4.0t | -HK$179,795,993,587.00 | 7.4x | -13.6x | 0.6x |
| Sat, 21 Oct 2023 | HK$2.4t | HK$4.0t | -HK$156,805,646,485.00 | 6.8x | -15.2x | 0.6x |
| Mon, 18 Sep 2023 | HK$2.6t | HK$4.0t | -HK$137,192,550,013.00 | 7.6x | -19.3x | 0.7x |
| Wed, 16 Aug 2023 | HK$2.7t | HK$4.6t | -HK$26,676,371,358.00 | 7.2x | -102.1x | 0.6x |
| Fri, 14 Jul 2023 | HK$2.9t | HK$4.8t | HK$17.6b | 7.4x | 166.2x | 0.6x |
| Sun, 11 Jun 2023 | HK$3.0t | HK$4.9t | HK$16.3b | 7.5x | 186.8x | 0.6x |
| Tue, 09 May 2023 | HK$3.3t | HK$5.0t | HK$11.9b | 8x | 277x | 0.7x |
| Thu, 06 Apr 2023 | HK$3.3t | HK$5.3t | HK$156.5b | 7.4x | 21.4x | 0.6x |
| Sat, 04 Mar 2023 | HK$3.5t | HK$5.5t | HK$370.9b | 6.4x | 9.5x | 0.6x |
| Mon, 30 Jan 2023 | HK$3.8t | HK$5.6t | HK$387.9b | 6.7x | 9.8x | 0.7x |
| Wed, 28 Dec 2022 | HK$3.4t | HK$5.5t | HK$383.4b | 6.8x | 9x | 0.6x |
| Fri, 25 Nov 2022 | HK$3.2t | HK$5.4t | HK$375.3b | 6.3x | 8.4x | 0.6x |
| Sun, 23 Oct 2022 | HK$2.9t | HK$5.4t | HK$368.3b | 5.8x | 8x | 0.5x |
| Tue, 20 Sep 2022 | HK$3.4t | HK$5.5t | HK$373.3b | 6.2x | 9x | 0.6x |
Price to Earnings Ratio
9x
Current Industry PE
- Investors are optimistic on the Hong Kong Real Estate industry, and appear confident in long term growth rates.
- The industry is trading close to its 3-year average PS ratio of 0.62x.
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 22% per year, which is driving profits down.
Industry Trends
Which industries have driven the changes within the Hong Kong Real Estate sector?
| HK Market | 2.64% | |
| Real Estate | 5.85% | |
| Hotel and Resort REITs | 7.50% | |
| Real Estate | 6.07% | |
| Office REITs | 6.00% | |
| Retail REITs | 2.46% | |
| Industrial REITs | 1.07% | |
| REITS | 0.87% | |
Industry PE
Forecasted Growth
- Analysts are most optimistic on the Hotel and Resort REITs industry, expecting annual earnings growth of 155% over the next 5 years.
- In contrast, the Real Estate industry is expected to see its earnings grow by 23% 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 | |
|---|---|---|---|---|---|
| 688 China Overseas Land & Investment | HK$15.04 | 8.6% +HK$13.0b | 34.0% | PE10.8x | |
| 1109 China Resources Land | HK$32.94 | 5.2% +HK$11.6b | 68.1% | PE7.9x | |
| 16 Sun Hung Kai Properties | HK$96.10 | 4.3% +HK$11.4b | 23.5% | PE14.4x | |
| 960 Longfor Group Holdings | HK$11.90 | 15.4% +HK$11.1b | 48.4% | PE9.8x | |
| 12 Henderson Land Development | HK$28.16 | 6.2% +HK$7.9b | 20.1% | PE22.6x |
