China Overseas Land & Investment Limited's (HKG:688) Earnings Are Not Doing Enough For Some Investors
Jan 29
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Hong Kong (HSI) Real Estate Sector Analysis
UpdatedJan 30, 2025
DataAggregated Company Financials
Companies251
- 7D-0.5%
- 3M-11.8%
- 1Y-2.5%
- YTD-2.2%
Over the last 7 days, the Real Estate industry has dropped 2.3%, driven by a pullback from Wharf (Holdings) of 10%. Overall the industry is down 3.9% in 12 months. Looking forward, earnings are forecast to grow by 22% 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, 30 Jan 2025 | HK$1.9t | HK$3.4t | -HK$252,013,654,837.31 | 7.7x | -7.7x | 0.6x |
| Sat, 28 Dec 2024 | HK$2.0t | HK$3.1t | -HK$97,177,927,747.65 | 7.5x | -20.4x | 0.6x |
| Mon, 25 Nov 2024 | HK$2.0t | HK$3.1t | -HK$97,030,350,483.80 | 7.7x | -20.7x | 0.6x |
| Wed, 23 Oct 2024 | HK$2.2t | HK$3.2t | -HK$96,092,141,308.68 | 8.2x | -22.7x | 0.7x |
| Fri, 20 Sep 2024 | HK$1.9t | HK$3.2t | -HK$80,057,068,740.56 | 7.4x | -23.6x | 0.6x |
| Sun, 18 Aug 2024 | HK$1.9t | HK$3.4t | -HK$62,705,968,992.95 | 7x | -29.8x | 0.6x |
| Tue, 16 Jul 2024 | HK$2.1t | HK$3.4t | -HK$19,575,172,340.54 | 7.9x | -106x | 0.6x |
| Thu, 13 Jun 2024 | HK$2.1t | HK$4.0t | -HK$69,982,244,709.65 | 7.2x | -30.7x | 0.5x |
| Sat, 11 May 2024 | HK$2.3t | HK$4.0t | -HK$70,387,956,746.80 | 7.6x | -32.4x | 0.6x |
| Mon, 08 Apr 2024 | HK$2.0t | HK$4.1t | -HK$78,934,616,787.56 | 7.2x | -25.9x | 0.5x |
| Wed, 06 Mar 2024 | HK$2.1t | HK$3.9t | -HK$166,896,711,716.46 | 6.1x | -12.4x | 0.5x |
| Fri, 02 Feb 2024 | HK$2.1t | HK$4.0t | -HK$182,960,690,317.00 | 6.2x | -11.4x | 0.5x |
| Sun, 31 Dec 2023 | HK$2.4t | HK$4.1t | -HK$184,976,011,133.00 | 7x | -13.1x | 0.6x |
| Tue, 28 Nov 2023 | HK$2.4t | HK$4.0t | -HK$179,422,364,755.00 | 7.4x | -13.6x | 0.6x |
| Thu, 26 Oct 2023 | HK$2.4t | HK$4.0t | -HK$156,879,025,105.00 | 7x | -15.2x | 0.6x |
| Sat, 23 Sep 2023 | HK$2.6t | HK$4.0t | -HK$140,126,122,989.00 | 7.5x | -18.5x | 0.6x |
| Mon, 21 Aug 2023 | HK$2.7t | HK$4.6t | -HK$26,575,495,895.00 | 7.1x | -100x | 0.6x |
| Wed, 19 Jul 2023 | HK$2.9t | HK$4.8t | HK$17.9b | 7.2x | 159.2x | 0.6x |
| Fri, 16 Jun 2023 | HK$3.1t | HK$4.8t | HK$17.1b | 7.6x | 178.3x | 0.6x |
| Sun, 14 May 2023 | HK$3.1t | HK$4.9t | HK$12.6b | 7.8x | 249.6x | 0.6x |
| Tue, 11 Apr 2023 | HK$3.3t | HK$5.2t | HK$107.7b | 7.5x | 30.9x | 0.6x |
| Thu, 09 Mar 2023 | HK$3.4t | HK$5.5t | HK$360.4b | 6.2x | 9.5x | 0.6x |
| Sat, 04 Feb 2023 | HK$3.6t | HK$5.6t | HK$389.7b | 6.7x | 9.3x | 0.6x |
| Mon, 02 Jan 2023 | HK$3.5t | HK$5.5t | HK$384.8b | 6.7x | 9x | 0.6x |
| Wed, 30 Nov 2022 | HK$3.3t | HK$5.4t | HK$370.3b | 6.6x | 8.9x | 0.6x |
| Fri, 28 Oct 2022 | HK$2.7t | HK$5.4t | HK$369.6b | 5.5x | 7.3x | 0.5x |
| Sun, 25 Sep 2022 | HK$3.2t | HK$5.4t | HK$370.6b | 6.2x | 8.8x | 0.6x |
| Tue, 23 Aug 2022 | HK$3.4t | HK$5.8t | HK$496.6b | 6.1x | 6.9x | 0.6x |
| Thu, 21 Jul 2022 | HK$3.5t | HK$5.8t | HK$507.2b | 6.4x | 7x | 0.6x |
| Sat, 18 Jun 2022 | HK$3.6t | HK$5.9t | HK$516.4b | 6.6x | 7x | 0.6x |
| Mon, 16 May 2022 | HK$3.8t | HK$5.8t | HK$516.5b | 6.7x | 7.3x | 0.7x |
| Wed, 13 Apr 2022 | HK$4.1t | HK$6.1t | HK$540.3b | 7.1x | 7.6x | 0.7x |
| Fri, 11 Mar 2022 | HK$3.9t | HK$6.0t | HK$637.4b | 6.3x | 6.2x | 0.7x |
| Sun, 06 Feb 2022 | HK$4.5t | HK$6.0t | HK$610.1b | 6.8x | 7.3x | 0.7x |
Price to Earnings Ratio
7.3x
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 0.65x.
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 17% per year, which is driving profits down.
Industry Trends
Which industries have driven the changes within the Hong Kong Real Estate sector?
| HK Market | 1.94% | |
| Real Estate | -0.49% | |
| Office REITs | 2.12% | |
| Industrial REITs | 0.97% | |
| Specialized REITs | 0% | 0 |
| Residential REITs | 0% | 0 |
| Health Care REITs | 0% | 0 |
| REITS | -0.17% | |
| Real Estate | -0.51% | |
| Retail REITs | -0.52% | |
| Hotel and Resort REITs | -2.22% | |
Industry PE
- Investors are most optimistic about the Industrial REITs industry which is trading above its 3-year average PE ratio of 12.5x.
- Analysts are expecting annual earnings growth of 54.4%, which is higher than its past year's earnings decline of 73.3% per year.
Forecasted Growth
- Analysts are most optimistic on the Retail REITs industry, expecting annual earnings growth of 58% 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$23.55 | 3.1% +HK$5.0b | 1.3% | PE5.6x | |
| 1209 China Resources Mixc Lifestyle Services | HK$29.40 | 3.9% +HK$2.5b | 29.2% | PE18.2x | |
| 688 China Overseas Land & Investment | HK$12.36 | 1.8% +HK$2.4b | 6.9% | PE5.6x | |
| 960 Longfor Group Holdings | HK$9.82 | 2.0% +HK$1.3b | 16.1% | PE5.9x | |
| 16 Sun Hung Kai Properties | HK$69.80 | 0.5% +HK$1.0b | -3.8% | PE10.6x |
