Concerns Surrounding China Overseas Land & Investment's (HKG:688) Performance
Sep 20
Have your own idea? Try our Stock Screener
Markets has moved to Discover
You can now access Markets by navigating to Discover and selecting Markets.
Hong Kong (HSI) Real Estate Industry Analysis
UpdatedSep 22, 2024
DataAggregated Company Financials
Companies242
- 7D5.9%
- 3M-2.9%
- 1Y-22.5%
- YTD-12.6%
Over the last 7 days, the Real Estate industry has risen 5.9%, driven by gains from China Resources Land of 8.9%. In the past year, the industry is down 22%. As for the next few years, earnings are expected to grow by 20% 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 |
|---|---|---|---|---|---|---|
| Sun, 22 Sep 2024 | HK$1.8t | HK$3.2t | -HK$76,254,818,318.16 | 6.7x | -23.4x | 0.6x |
| Tue, 20 Aug 2024 | HK$1.8t | HK$3.4t | -HK$60,368,232,393.40 | 7x | -29.1x | 0.5x |
| Thu, 18 Jul 2024 | HK$1.9t | HK$3.4t | -HK$17,762,707,698.05 | 6.8x | -109.7x | 0.6x |
| Sat, 15 Jun 2024 | HK$2.0t | HK$4.0t | -HK$67,926,279,181.91 | 7.1x | -29.5x | 0.5x |
| Mon, 13 May 2024 | HK$2.1t | HK$4.0t | -HK$68,470,101,720.02 | 7.4x | -31.4x | 0.5x |
| Wed, 10 Apr 2024 | HK$1.9t | HK$4.0t | -HK$76,935,173,760.22 | 6.7x | -25.2x | 0.5x |
| Fri, 08 Mar 2024 | HK$1.9t | HK$3.9t | -HK$165,191,282,492.26 | 5.5x | -11.8x | 0.5x |
| Sun, 04 Feb 2024 | HK$1.9t | HK$4.0t | -HK$180,127,620,683.00 | 6.1x | -10.8x | 0.5x |
| Tue, 02 Jan 2024 | HK$2.3t | HK$4.0t | -HK$182,840,601,949.00 | 7x | -12.3x | 0.6x |
| Thu, 30 Nov 2023 | HK$2.2t | HK$4.0t | -HK$177,605,160,044.00 | 6.7x | -12.4x | 0.5x |
| Sat, 28 Oct 2023 | HK$2.3t | HK$3.9t | -HK$171,665,528,154.00 | 7.3x | -13.2x | 0.6x |
| Mon, 25 Sep 2023 | HK$2.4t | HK$4.0t | -HK$155,031,949,195.00 | 7.6x | -15.8x | 0.6x |
| Wed, 23 Aug 2023 | HK$2.5t | HK$4.6t | -HK$40,339,653,350.00 | 6.8x | -61.2x | 0.5x |
| Fri, 21 Jul 2023 | HK$2.7t | HK$4.8t | HK$3.5b | 7.3x | 766.2x | 0.6x |
| Sun, 18 Jun 2023 | HK$2.9t | HK$4.8t | HK$2.0b | 7.5x | 1471.9x | 0.6x |
| Tue, 16 May 2023 | HK$3.0t | HK$4.9t | -HK$769,109,967.00 | 7.7x | -3868.6x | 0.6x |
| Thu, 13 Apr 2023 | HK$3.3t | HK$5.2t | HK$94.5b | 7.7x | 34.4x | 0.6x |
| Sat, 11 Mar 2023 | HK$3.1t | HK$5.4t | HK$301.2b | 6.1x | 10.3x | 0.6x |
| Mon, 06 Feb 2023 | HK$3.4t | HK$5.6t | HK$371.7b | 6.4x | 9.2x | 0.6x |
| Wed, 04 Jan 2023 | HK$3.3t | HK$5.5t | HK$367.4b | 6.4x | 9.1x | 0.6x |
| Fri, 02 Dec 2022 | HK$3.1t | HK$5.4t | HK$364.1b | 6.2x | 8.5x | 0.6x |
| Sun, 30 Oct 2022 | HK$2.4t | HK$5.4t | HK$358.3b | 5.1x | 6.8x | 0.5x |
| Tue, 27 Sep 2022 | HK$3.0t | HK$5.4t | HK$361.1b | 6.1x | 8.3x | 0.6x |
| Thu, 25 Aug 2022 | HK$3.1t | HK$5.8t | HK$484.6b | 5.8x | 6.4x | 0.5x |
| Sat, 23 Jul 2022 | HK$3.3t | HK$5.8t | HK$496.4b | 6.2x | 6.6x | 0.6x |
| Mon, 20 Jun 2022 | HK$3.4t | HK$5.8t | HK$505.9b | 6.5x | 6.7x | 0.6x |
| Wed, 18 May 2022 | HK$3.6t | HK$5.8t | HK$502.6b | 6.7x | 7.2x | 0.6x |
| Fri, 15 Apr 2022 | HK$4.0t | HK$6.1t | HK$525.7b | 6.8x | 7.6x | 0.7x |
| Sun, 13 Mar 2022 | HK$3.7t | HK$6.0t | HK$631.9b | 6x | 5.8x | 0.6x |
| Tue, 08 Feb 2022 | HK$4.2t | HK$5.9t | HK$601.8b | 6.8x | 7x | 0.7x |
| Thu, 06 Jan 2022 | HK$3.9t | HK$5.9t | HK$598.6b | 6.8x | 6.5x | 0.7x |
| Sat, 04 Dec 2021 | HK$4.0t | HK$5.9t | HK$596.9b | 6.8x | 6.7x | 0.7x |
| Mon, 01 Nov 2021 | HK$4.2t | HK$5.9t | HK$591.0b | 7.6x | 7.1x | 0.7x |
| Wed, 29 Sep 2021 | HK$4.2t | HK$5.9t | HK$584.3b | 7.2x | 7.1x | 0.7x |
Price to Earnings Ratio
7.1x
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 0.62x.
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 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 | 4.06% | |
| Real Estate | 5.71% | |
| Real Estate | 5.87% | |
| Real Estate Services | 8.50% | |
| Real Estate Development | 6.61% | |
| Real Estate Operating Companies | 6.30% | |
| Diversified Real Estate | 3.81% | |
Industry PE
- Investors are most optimistic about the Real Estate Operating Companies industry which is trading above its 3-year average PE ratio of 38.8x.
- Analysts are expecting annual earnings growth of 26.5%, which is higher than its past year's earnings growth of 2.8% per year.
Forecasted Growth
- Analysts are most optimistic on the Diversified Real Estate industry, expecting annual earnings growth of 32% over the next 5 years.
- This is better than its past earnings decline of 20% per year.
- In contrast, the Real Estate Development industry is expected to see its earnings grow by 9.9% 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$21.35 | 8.9% +HK$12.5b | -34.0% | PE4.9x | |
| 16 Sun Hung Kai Properties | HK$81.35 | 4.6% +HK$9.7b | -0.1% | PE11.7x | |
| 12 Henderson Land Development | HK$25.45 | 8.5% +HK$9.7b | 26.3% | PE19x | |
| 1113 CK Asset Holdings | HK$32.65 | 7.2% +HK$7.7b | -20.0% | PE7.3x | |
| 1997 Wharf Real Estate Investment | HK$23.50 | 8.8% +HK$5.8b | -21.4% | PE37.4x |
