Is China Jinmao Holdings Group (HKG:817) A Risky Investment?
Sep 18
Hong Kong (HSI) Real Estate Development Industry Analysis
UpdatedSep 20, 2023
DataAggregated Company Financials
Companies128
- 7D-3.4%
- 3M-7.4%
- 1Y-27.2%
- YTD-23.3%
Over the last 7 days, the Real Estate Development industry has dropped 3.4%, driven by a pullback from China Resources Land of 4.1%. Meanwhile, China New City Commercial Development actually outperformed within the industry, gaining 9.3% in the last week. The industry has fallen 27% in the last year. As for the next few years, earnings are expected to grow by 18% per annum.
Industry Valuation and Performance
Has the Hong Kong Real Estate Development Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 20 Sep 2023 | HK$1.3t | HK$3.3t | -HK$190,308,410,758.00 | 7.2x | -6.7x | 0.4x |
| Fri, 18 Aug 2023 | HK$1.3t | HK$3.9t | -HK$79,732,801,803.00 | 6.3x | -16.5x | 0.3x |
| Sun, 16 Jul 2023 | HK$1.4t | HK$4.1t | -HK$34,407,610,018.00 | 6.6x | -40.1x | 0.3x |
| Tue, 13 Jun 2023 | HK$1.4t | HK$4.1t | -HK$32,601,506,174.00 | 6.6x | -44.1x | 0.4x |
| Thu, 11 May 2023 | HK$1.6t | HK$4.2t | -HK$36,295,395,943.00 | 6.7x | -43x | 0.4x |
| Sat, 08 Apr 2023 | HK$1.6t | HK$4.4t | HK$58.8b | 6.5x | 27.3x | 0.4x |
| Mon, 06 Mar 2023 | HK$1.7t | HK$4.8t | HK$284.4b | 4.8x | 6.1x | 0.4x |
| Wed, 01 Feb 2023 | HK$1.8t | HK$4.8t | HK$289.7b | 4.7x | 6.1x | 0.4x |
| Fri, 30 Dec 2022 | HK$1.6t | HK$4.7t | HK$285.1b | 4.8x | 5.8x | 0.3x |
| Sun, 27 Nov 2022 | HK$1.6t | HK$4.6t | HK$283.1b | 4.4x | 5.8x | 0.4x |
| Tue, 25 Oct 2022 | HK$1.5t | HK$4.6t | HK$284.0b | 3.5x | 5.1x | 0.3x |
| Thu, 22 Sep 2022 | HK$1.7t | HK$4.7t | HK$288.1b | 4.4x | 5.8x | 0.4x |
| Sat, 20 Aug 2022 | HK$1.7t | HK$5.1t | HK$417.5b | 4.1x | 4.1x | 0.3x |
| Mon, 18 Jul 2022 | HK$1.8t | HK$5.1t | HK$416.3b | 4.3x | 4.3x | 0.4x |
| Wed, 15 Jun 2022 | HK$1.9t | HK$5.1t | HK$418.5b | 4.6x | 4.4x | 0.4x |
| Fri, 13 May 2022 | HK$2.0t | HK$5.1t | HK$419.5b | 5x | 4.7x | 0.4x |
| Sun, 10 Apr 2022 | HK$2.3t | HK$5.3t | HK$439.5b | 5.1x | 5.2x | 0.4x |
| Tue, 08 Mar 2022 | HK$2.1t | HK$5.2t | HK$520.0b | 4.1x | 4.1x | 0.4x |
| Thu, 03 Feb 2022 | HK$2.3t | HK$5.2t | HK$511.3b | 4.5x | 4.5x | 0.4x |
| Sat, 01 Jan 2022 | HK$2.1t | HK$5.2t | HK$510.9b | 4.4x | 4.2x | 0.4x |
| Mon, 29 Nov 2021 | HK$2.2t | HK$5.2t | HK$508.6b | 4.6x | 4.4x | 0.4x |
| Wed, 27 Oct 2021 | HK$2.3t | HK$5.2t | HK$506.0b | 4.6x | 4.5x | 0.4x |
| Fri, 24 Sep 2021 | HK$2.3t | HK$5.1t | HK$500.6b | 4.9x | 4.5x | 0.4x |
| Sun, 22 Aug 2021 | HK$2.4t | HK$5.1t | HK$494.5b | 5.2x | 5x | 0.5x |
| Fri, 09 Jul 2021 | HK$2.8t | HK$5.1t | HK$495.9b | 5.5x | 5.6x | 0.5x |
| Thu, 01 Apr 2021 | HK$3.1t | HK$4.8t | HK$469.1b | 6x | 6.5x | 0.6x |
| Sun, 03 Jan 2021 | HK$2.8t | HK$4.6t | HK$438.3b | 5.6x | 6.4x | 0.6x |
| Wed, 07 Oct 2020 | HK$2.9t | HK$4.1t | HK$404.5b | 5.6x | 7.1x | 0.7x |
Price to Earnings Ratio
7.1x
Current Industry PE
- Investors are pessimistic on the Hong Kong Real Estate Development 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 0.50x.
Past Earnings Growth
- Total earnings for the Real Estate Development industry have declined over the last three years, with the industry now making a loss overall.
- Revenues have also declined 7.4% per year, which is driving profits down.
Industry Comparison
How does Hong Kong Real Estate Development compare with similar industries?
| HK Market | 0.63% | |
| Real Estate | -2.46% | |
| Real Estate | -2.56% | |
| Real Estate Development | -3.39% | |
| Diversified Real Estate | -0.14% | |
| Real Estate Operating Companies | -2.83% | |
| Real Estate Services | -4.71% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 1321 China New City Commercial Development | HK$0.82 | 9.3% +HK$140.8m | -18.0% | PS1.3x | |
| 2278 Hailan Holdings | HK$3.38 | 6.3% +HK$60.0m | -9.6% | PS0.7x | |
| 258 Tomson Group | HK$1.69 | 1.2% +HK$41.0m | 2.4% | PE665.8x | |
| 34 Kowloon Development | HK$7.01 | 0.4% +HK$35.3m | -23.8% | PE6.6x | |
| 726 DIT Group | HK$0.21 | 5.4% +HK$34.1m | -48.2% | PS0.5x |