Improved Earnings Required Before Activation Group Holdings Limited (HKG:9919) Stock's 28% Jump Looks Justified
Jul 25
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Hong Kong (HSI) Advertising Industry Analysis
UpdatedAug 19, 2025
DataAggregated Company Financials
Companies39
- 7D1.3%
- 3M34.2%
- 1Y79.6%
- YTDn/a
Last week, the Advertising industry hasn't moved much but Mobvista is up 25% in that time. As for the the longer term, the industry is up 74% over the past 12 months.
Industry Valuation and Performance
Has the Hong Kong Advertising Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 20 Aug 2025 | HK$69.5b | HK$44.4b | -HK$374,382,506.05 | 15.1x | -185.6x | 1.6x |
| Fri, 18 Jul 2025 | HK$63.0b | HK$44.4b | -HK$2,527,764,167.41 | 12.3x | -24.9x | 1.4x |
| Sun, 15 Jun 2025 | HK$59.2b | HK$47.0b | -HK$2,615,798,469.30 | 12.5x | -22.6x | 1.3x |
| Tue, 13 May 2025 | HK$54.3b | HK$45.6b | -HK$2,763,743,143.84 | 10.5x | -19.7x | 1.2x |
| Thu, 10 Apr 2025 | HK$51.1b | HK$44.9b | -HK$2,732,363,150.05 | 8.2x | -18.7x | 1.1x |
| Sat, 08 Mar 2025 | HK$47.2b | HK$44.6b | -HK$2,045,349,813.07 | 10.1x | -23.1x | 1.1x |
| Mon, 03 Feb 2025 | HK$47.7b | HK$44.8b | -HK$2,043,880,605.46 | 9.8x | -23.3x | 1.1x |
| Wed, 01 Jan 2025 | HK$47.0b | HK$43.9b | -HK$2,067,879,122.16 | 10.2x | -22.7x | 1.1x |
| Fri, 29 Nov 2024 | HK$47.2b | HK$44.4b | -HK$2,119,928,547.77 | 10.5x | -22.3x | 1.1x |
| Sun, 27 Oct 2024 | HK$49.6b | HK$43.7b | -HK$2,197,051,488.53 | 11.1x | -22.6x | 1.1x |
| Tue, 24 Sep 2024 | HK$33.5b | HK$44.1b | -HK$2,267,252,597.15 | 9.3x | -14.8x | 0.8x |
| Thu, 22 Aug 2024 | HK$35.7b | HK$44.9b | -HK$1,836,603,580.38 | 7.9x | -19.4x | 0.8x |
| Sat, 20 Jul 2024 | HK$22.8b | HK$43.3b | HK$137.4m | 9.4x | 166.2x | 0.5x |
| Mon, 17 Jun 2024 | HK$24.2b | HK$43.0b | HK$45.3m | 13.3x | 535.3x | 0.6x |
| Wed, 15 May 2024 | HK$19.0b | HK$42.0b | -HK$31,608,398.77 | 10.9x | -601.4x | 0.5x |
| Fri, 12 Apr 2024 | HK$19.2b | HK$41.9b | -HK$27,043,527.77 | 11.4x | -709.2x | 0.5x |
| Sun, 10 Mar 2024 | HK$18.1b | HK$41.1b | -HK$258,061,143.78 | 9.7x | -70.1x | 0.4x |
| Tue, 06 Feb 2024 | HK$18.1b | HK$40.6b | -HK$503,461,921.20 | 9.3x | -36x | 0.4x |
| Thu, 04 Jan 2024 | HK$21.8b | HK$39.9b | -HK$1,043,693,143.00 | 11.4x | -20.9x | 0.5x |
| Sat, 02 Dec 2023 | HK$24.4b | HK$39.9b | -HK$1,100,627,602.00 | 13x | -22.2x | 0.6x |
| Mon, 30 Oct 2023 | HK$22.3b | HK$38.7b | -HK$1,118,680,646.00 | 8.7x | -19.9x | 0.6x |
| Wed, 27 Sep 2023 | HK$21.8b | HK$38.7b | -HK$1,093,300,341.00 | 9.4x | -20x | 0.6x |
| Fri, 25 Aug 2023 | HK$23.7b | HK$38.2b | -HK$948,160,547.00 | 10.3x | -24.9x | 0.6x |
| Sun, 23 Jul 2023 | HK$24.9b | HK$38.0b | -HK$1,142,502,370.00 | 11.6x | -21.8x | 0.7x |
| Tue, 20 Jun 2023 | HK$26.3b | HK$37.6b | -HK$1,370,506,578.00 | 12x | -19.2x | 0.7x |
| Thu, 18 May 2023 | HK$24.8b | HK$38.0b | -HK$1,165,001,872.00 | 11x | -21.3x | 0.7x |
| Sat, 15 Apr 2023 | HK$24.2b | HK$37.8b | -HK$1,235,807,800.00 | 12.4x | -19.5x | 0.6x |
| Mon, 13 Mar 2023 | HK$27.1b | HK$35.4b | -HK$292,545,530.00 | 11x | -92.5x | 0.8x |
| Wed, 08 Feb 2023 | HK$30.5b | HK$35.9b | HK$107.4m | 14.1x | 284.1x | 0.9x |
| Fri, 06 Jan 2023 | HK$30.5b | HK$35.5b | HK$88.2m | 13.4x | 345.4x | 0.9x |
| Sun, 04 Dec 2022 | HK$30.9b | HK$35.1b | HK$82.3m | 14x | 375x | 0.9x |
| Tue, 01 Nov 2022 | HK$20.4b | HK$34.4b | -HK$2,074,386.00 | 15.5x | -9839.1x | 0.6x |
| Thu, 29 Sep 2022 | HK$19.4b | HK$34.5b | -HK$67,281,635.00 | 13.3x | -288.5x | 0.6x |
| Sat, 27 Aug 2022 | HK$20.7b | HK$33.2b | -HK$243,408,558.00 | 10.3x | -84.9x | 0.6x |
Price to Earnings Ratio
-84.9x
Current Industry PE
- Investors are optimistic on the Hong Kong Advertising industry, and appear confident in long term growth rates.
- The 3-year average PS ratio of 0.79x is lower than the industry's current PS ratio of 1.5x.
Past Earnings Growth
- The earnings for companies in the Advertising industry have deteriorated over the last three years.
- Meanwhile revenues for these companies have grown 10% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has caused losses to expand.
Industry Comparison
How does Hong Kong Advertising compare with similar industries?
| HK Market | 2.01% | |
| Telecom | 2.83% | |
| Media | 10.18% | |
| Advertising | 1.28% | |
| Publishing | 22.13% | |
| Broadcasting | 4.78% | |
| Cable and Satellite | 0% | 0 |
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 | |
|---|---|---|---|---|---|
| 1860 Mobvista | HK$15.90 | 39.2% +HK$6.8b | 829.8% | PE105x | |
| 2550 Easou Technology Holdings | HK$5.38 | 5.7% +HK$131.1m | -74.6% | PS3.7x | |
| 1640 Qian Xun Technology | HK$4.78 | 3.5% +HK$89.6m | 403.2% | PS6.9x | |
| 2605 MetaLight | HK$5.69 | 5.4% +HK$44.7m | n/a | PS3.9x | |
| 9919 Activation Group Holdings | HK$1.05 | 5.0% +HK$37.2m | 0% | PE9.1x |
