JY Grandmark Holdings Limited (HKG:2231) Investors Are Less Pessimistic Than Expected
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Hong Kong (HSI) Real Estate Industry Analysis
UpdatedMar 22, 2025
DataAggregated Company Financials
Companies239
- 7D-2.6%
- 3M5.6%
- 1Y4.6%
- YTD5.0%
The Real Estate industry is up 1.2% in the last week, with C C Land Holdings up 26%. Meanwhile, CK Asset Holdings actually underperformed within the industry, shrinking 7.0% in the last week. This takes the industry's 12 month performance to a gain of 3.5%. As for the next few years, earnings are expected to grow by 22% per annum.
Industry Valuation and Performance
Has the Hong Kong Real Estate Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 22 Mar 2025 | HK$1.9t | HK$3.4t | -HK$279,988,216,641.75 | 8.5x | -7x | 0.6x |
| Mon, 17 Feb 2025 | HK$1.9t | HK$3.4t | -HK$247,286,787,609.86 | 7.3x | -7.6x | 0.6x |
| Wed, 15 Jan 2025 | HK$1.8t | HK$3.1t | -HK$87,090,008,305.13 | 6.9x | -20.4x | 0.6x |
| Fri, 13 Dec 2024 | HK$2.0t | HK$3.1t | -HK$97,130,273,464.35 | 7.3x | -20.2x | 0.6x |
| Sun, 10 Nov 2024 | HK$2.1t | HK$3.1t | -HK$93,451,365,524.05 | 8.1x | -22.5x | 0.7x |
| Tue, 08 Oct 2024 | HK$2.4t | HK$3.2t | -HK$93,495,225,728.75 | 9x | -25.4x | 0.8x |
| Thu, 05 Sep 2024 | HK$1.7t | HK$3.2t | -HK$72,507,000,015.78 | 6.7x | -23.6x | 0.5x |
| Sat, 03 Aug 2024 | HK$1.7t | HK$3.4t | -HK$49,434,900,737.73 | 6.9x | -34.4x | 0.5x |
| Mon, 01 Jul 2024 | HK$1.9t | HK$3.4t | -HK$17,165,858,914.72 | 6.6x | -110x | 0.6x |
| Wed, 29 May 2024 | HK$2.2t | HK$4.0t | -HK$67,867,151,392.33 | 7.4x | -31.9x | 0.5x |
| Fri, 26 Apr 2024 | HK$1.9t | HK$4.0t | -HK$77,396,150,131.55 | 6.7x | -25x | 0.5x |
| Sun, 24 Mar 2024 | HK$1.9t | HK$3.9t | -HK$154,742,810,615.11 | 6.6x | -12.5x | 0.5x |
| Tue, 20 Feb 2024 | HK$1.9t | HK$3.9t | -HK$171,163,999,352.80 | 6.1x | -11.4x | 0.5x |
| Thu, 18 Jan 2024 | HK$2.0t | HK$4.0t | -HK$179,706,052,410.00 | 6.4x | -10.9x | 0.5x |
| Sat, 16 Dec 2023 | HK$2.2t | HK$4.0t | -HK$181,911,265,512.00 | 6.8x | -12.2x | 0.6x |
| Mon, 13 Nov 2023 | HK$2.2t | HK$3.9t | -HK$173,053,228,199.00 | 7.2x | -12.6x | 0.6x |
| Wed, 11 Oct 2023 | HK$2.3t | HK$3.9t | -HK$171,844,316,291.00 | 7.2x | -13.6x | 0.6x |
| Fri, 08 Sep 2023 | HK$2.6t | HK$4.0t | -HK$154,443,405,638.00 | 7.7x | -16.7x | 0.6x |
| Sun, 06 Aug 2023 | HK$2.8t | HK$4.7t | -HK$39,675,539,370.00 | 7.8x | -69.7x | 0.6x |
| Tue, 04 Jul 2023 | HK$2.8t | HK$4.8t | HK$4.9b | 7.5x | 577.4x | 0.6x |
| Thu, 01 Jun 2023 | HK$2.7t | HK$4.8t | HK$1.7b | 6.8x | 1552.6x | 0.5x |
| Sat, 29 Apr 2023 | HK$3.1t | HK$5.0t | HK$20.0b | 7.7x | 154.4x | 0.6x |
| Mon, 27 Mar 2023 | HK$3.1t | HK$5.5t | HK$298.0b | 6.2x | 10.5x | 0.6x |
| Wed, 22 Feb 2023 | HK$3.3t | HK$5.5t | HK$366.9b | 6.5x | 9.1x | 0.6x |
| Fri, 20 Jan 2023 | HK$3.4t | HK$5.6t | HK$370.7b | 6.4x | 9.3x | 0.6x |
| Sun, 18 Dec 2022 | HK$3.3t | HK$5.5t | HK$365.5b | 6.7x | 9.1x | 0.6x |
| Tue, 15 Nov 2022 | HK$3.0t | HK$5.4t | HK$360.5b | 5.7x | 8.3x | 0.6x |
| Thu, 13 Oct 2022 | HK$2.8t | HK$5.4t | HK$361.3b | 5.7x | 7.8x | 0.5x |
| Sat, 10 Sep 2022 | HK$3.2t | HK$5.5t | HK$364.3b | 6.3x | 8.9x | 0.6x |
| Mon, 08 Aug 2022 | HK$3.2t | HK$5.8t | HK$494.3b | 5.7x | 6.5x | 0.6x |
| Wed, 06 Jul 2022 | HK$3.6t | HK$5.8t | HK$498.8b | 6.5x | 7.3x | 0.6x |
| Fri, 03 Jun 2022 | HK$3.6t | HK$5.9t | HK$508.2b | 6.5x | 7.2x | 0.6x |
| Sun, 01 May 2022 | HK$3.7t | HK$5.9t | HK$512.2b | 6.8x | 7.3x | 0.6x |
| Tue, 29 Mar 2022 | HK$3.8t | HK$6.1t | HK$631.9b | 5.8x | 6x | 0.6x |
Price to Earnings Ratio
6x
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 0.61x.
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 industry?
| HK Market | -0.73% | |
| Real Estate | -2.40% | |
| Real Estate | -2.59% | |
| Diversified Real Estate | -0.92% | |
| Real Estate Operating Companies | -1.97% | |
| Real Estate Services | -3.33% | |
| Real Estate Development | -3.53% | |
Industry PE
- Investors are most optimistic about the Real Estate Services industry even though it's trading below its 3-year average PE ratio of 32.6x.
- Analysts are expecting annual earnings growth of 13.5%, which is higher than its past year's earnings decline of 23.7% per year.
Forecasted Growth
- Analysts are most optimistic on the Diversified Real Estate industry, expecting annual earnings growth of 40% over the next 5 years.
- This is better than its past earnings decline of 29% per year.
- In contrast, the Real Estate Development industry is expected to see its earnings grow by 12% 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 | |
|---|---|---|---|---|---|
| 1224 C C Land Holdings | HK$1.51 | 25.8% +HK$1.2b | 21.8% | PS12.3x | |
| 17 New World Development | HK$5.56 | 4.5% +HK$604.0m | -34.8% | PS0.4x | |
| 9666 Jinke Smart Services Group | HK$8.09 | 9.3% +HK$412.0m | -9.5% | PS0.9x | |
| 169 Wanda Hotel Development | HK$0.43 | 19.4% +HK$328.8m | 104.8% | PS2x | |
| 6098 Country Garden Services Holdings | HK$6.17 | 1.0% +HK$200.6m | 14.7% | PS0.4x |
