Returns At NetEase Cloud Music (HKG:9899) Are On The Way Up
Nov 30
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Hong Kong (HSI) Entertainment Industry Analysis
UpdatedNov 25, 2025
DataAggregated Company Financials
Companies51
- 7D4.4%
- 3M-6.4%
- 1Y49.0%
- YTD45.8%
Over the last 7 days, the Entertainment industry has risen 4.4%, driven by gains from NetEase of 4.6%. Meanwhile, 7Road Holdings actually underperformed within the industry, shrinking 13% in the last week. This means that the industry has gained 49% over the past year. Looking forward, earnings are forecast to grow by 10% annually.
Industry Valuation and Performance
Has the Hong Kong Entertainment Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 01 Dec 2025 | HK$932.0b | HK$204.8b | HK$46.3b | 15.7x | 20.1x | 4.6x |
| Wed, 29 Oct 2025 | HK$990.8b | HK$201.7b | HK$43.7b | 17.9x | 22.7x | 4.9x |
| Fri, 26 Sep 2025 | HK$1.0t | HK$200.2b | HK$43.6b | 20.3x | 24x | 5.2x |
| Sun, 24 Aug 2025 | HK$963.2b | HK$201.4b | HK$40.7b | 18.1x | 23.7x | 4.8x |
| Tue, 22 Jul 2025 | HK$987.1b | HK$199.3b | HK$36.7b | 19.2x | 26.9x | 5x |
| Thu, 19 Jun 2025 | HK$914.0b | HK$199.1b | HK$36.6b | 18.5x | 25x | 4.6x |
| Sat, 17 May 2025 | HK$826.1b | HK$196.2b | HK$36.8b | 16.3x | 22.4x | 4.2x |
| Mon, 14 Apr 2025 | HK$685.0b | HK$191.8b | HK$32.8b | 13.4x | 20.9x | 3.6x |
| Wed, 12 Mar 2025 | HK$754.7b | HK$196.2b | HK$33.6b | 16.1x | 22.5x | 3.8x |
| Fri, 07 Feb 2025 | HK$733.6b | HK$196.0b | HK$29.8b | 13.3x | 24.6x | 3.7x |
| Sun, 05 Jan 2025 | HK$632.8b | HK$195.0b | HK$29.7b | 12.5x | 21.3x | 3.2x |
| Tue, 03 Dec 2024 | HK$634.2b | HK$196.3b | HK$29.9b | 13x | 21.2x | 3.2x |
| Thu, 31 Oct 2024 | HK$582.3b | HK$199.7b | HK$31.8b | 12.9x | 18.3x | 2.9x |
| Sat, 28 Sep 2024 | HK$180.9b | HK$84.5b | HK$418.7m | 12.5x | 432x | 2.1x |
| Mon, 26 Aug 2024 | HK$159.1b | HK$84.7b | HK$2.2b | 11.4x | 73.1x | 1.9x |
| Wed, 24 Jul 2024 | HK$166.1b | HK$83.3b | HK$1.8b | 10.7x | 91.3x | 2x |
| Fri, 21 Jun 2024 | HK$181.0b | HK$83.8b | HK$1.8b | 11.5x | 99.1x | 2.2x |
| Sun, 19 May 2024 | HK$196.5b | HK$83.1b | HK$1.2b | 12.8x | 160.2x | 2.4x |
| Tue, 16 Apr 2024 | HK$179.9b | HK$83.2b | HK$1.2b | 11.3x | 146.3x | 2.2x |
| Thu, 14 Mar 2024 | HK$182.2b | HK$82.4b | HK$1.1b | 21.6x | 171.5x | 2.2x |
| Sat, 10 Feb 2024 | HK$169.8b | HK$83.0b | HK$591.0m | 22.1x | 287.4x | 2x |
| Mon, 08 Jan 2024 | HK$179.4b | HK$92.7b | -HK$1,297,098,841.00 | 18.4x | -138.3x | 1.9x |
| Wed, 06 Dec 2023 | HK$184.3b | HK$92.7b | -HK$1,300,025,105.00 | 19.6x | -141.8x | 2x |
| Fri, 03 Nov 2023 | HK$188.9b | HK$90.1b | -HK$8,467,887,829.00 | 15.8x | -22.3x | 2.1x |
| Sun, 01 Oct 2023 | HK$209.4b | HK$98.3b | -HK$8,086,254,535.00 | 15.7x | -25.9x | 2.1x |
| Tue, 29 Aug 2023 | HK$195.8b | HK$88.9b | -HK$10,310,851,716.00 | 17.1x | -19x | 2.2x |
| Thu, 27 Jul 2023 | HK$245.5b | HK$86.6b | -HK$12,628,567,418.00 | 30x | -19.4x | 2.8x |
| Sat, 24 Jun 2023 | HK$225.6b | HK$86.6b | -HK$12,636,034,766.00 | 21.4x | -17.8x | 2.6x |
| Mon, 22 May 2023 | HK$233.8b | HK$88.6b | -HK$12,436,656,041.00 | 22.6x | -18.8x | 2.6x |
| Wed, 19 Apr 2023 | HK$255.1b | HK$90.2b | -HK$12,695,664,201.00 | 27.5x | -20.1x | 2.8x |
| Fri, 17 Mar 2023 | HK$223.4b | HK$89.5b | -HK$7,190,051,796.00 | 12.3x | -31.1x | 2.5x |
| Sun, 12 Feb 2023 | HK$245.8b | HK$90.1b | -HK$5,151,878,603.00 | 9.1x | -47.7x | 2.7x |
| Tue, 10 Jan 2023 | HK$219.8b | HK$87.6b | -HK$5,018,531,459.00 | 7x | -43.8x | 2.5x |
| Thu, 08 Dec 2022 | HK$172.0b | HK$78.9b | -HK$4,937,724,842.00 | 8.2x | -34.8x | 2.2x |
Price to Earnings Ratio
-34.8x
Current Industry PE
- Investors are pessimistic on the Hong Kong Entertainment industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 20.1x which is lower than its 3-year average PE of 32.5x.
- The 3-year average PS ratio of 3.0x is lower than the industry's current PS ratio of 4.6x.
Past Earnings Growth
- Total earnings for the Entertainment industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 37% per year.
- This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.
Industry Trends
Which industries have driven the changes within the Hong Kong Telecom industry?
| HK Market | 1.77% | |
| Telecom | 1.16% | |
| Entertainment | 4.44% | |
| Movies and Entertainment | 5.02% | |
| Interactive Home Entertainment | 4.34% | |
Industry PE
- Investors are most optimistic about the Movies and Entertainment industry which is trading above its 3-year average PE ratio.
- Analysts are expecting annual earnings growth of 22.8%, which is lower than the prior year's growth of 27.4% per year.
- Investors are most pessimistic about the Interactive Home Entertainment industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average.
Forecasted Growth
- Analysts are most optimistic on the Movies and Entertainment industry, expecting annual earnings growth of 23% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- In contrast, the Interactive Home Entertainment industry is expected to see its earnings grow by 8.1% 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 | |
|---|---|---|---|---|---|
| 9999 NetEase | HK$222.40 | 2.7% +HK$18.4b | 61.0% | PE17.6x | |
| 2400 XD | HK$73.65 | 8.4% +HK$2.8b | 200.0% | PE23.8x | |
| 9899 NetEase Cloud Music | HK$205.40 | 5.3% +HK$2.3b | 63.5% | PE15.4x | |
| 1060 Damai Entertainment Holdings | HK$0.90 | 5.9% +HK$1.5b | 106.9% | PE44.7x | |
| 136 China Ruyi Holdings | HK$2.40 | 1.7% +HK$656.0m | 14.3% | PE30.8x |
