Slowing Rates Of Return At China Literature (HKG:772) Leave Little Room For Excitement
May 16
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Hong Kong (HSI) Publishing Industry Analysis
UpdatedJun 07, 2025
DataAggregated Company Financials
Companies8
- 7D5.4%
- 3M9.1%
- 1Y12.0%
- YTDn/a
Over the last 7 days, the Publishing industry has risen 5.4%, driven by gains from China Literature of 8.6%. Meanwhile, Culturecom Holdings actually underperformed within the industry, shrinking 7.9% in the last week. This takes the industry's 12 month performance to a gain of 12%. As for the next few years, earnings are expected to grow by 28% per annum.
Industry Valuation and Performance
Has the Hong Kong Publishing Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 07 Jun 2025 | HK$49.9b | HK$25.9b | HK$1.4b | 8x | 34.6x | 1.9x |
| Mon, 05 May 2025 | HK$47.6b | HK$25.3b | HK$1.4b | 7.9x | 34.6x | 1.9x |
| Wed, 02 Apr 2025 | HK$46.5b | HK$25.4b | HK$1.3b | 8x | 35.5x | 1.8x |
| Fri, 28 Feb 2025 | HK$45.3b | HK$25.2b | HK$2.6b | 10.1x | 17.8x | 1.8x |
| Sun, 26 Jan 2025 | HK$45.0b | HK$25.3b | HK$2.6b | 10.1x | 17.5x | 1.8x |
| Tue, 24 Dec 2024 | HK$47.4b | HK$25.1b | HK$2.5b | 10.4x | 18.6x | 1.9x |
| Thu, 21 Nov 2024 | HK$45.5b | HK$25.4b | HK$2.6b | 9.9x | 17.7x | 1.8x |
| Sat, 19 Oct 2024 | HK$48.0b | HK$25.7b | HK$2.6b | 10.3x | 18.3x | 1.9x |
| Mon, 16 Sep 2024 | HK$43.8b | HK$25.8b | HK$2.6b | 8.6x | 16.6x | 1.7x |
| Wed, 14 Aug 2024 | HK$43.9b | HK$25.3b | HK$2.6b | 9.9x | 16.6x | 1.7x |
| Fri, 12 Jul 2024 | HK$44.4b | HK$24.1b | HK$2.5b | 10.1x | 17.9x | 1.8x |
| Sun, 09 Jun 2024 | HK$45.7b | HK$24.2b | HK$2.4b | 7.5x | 18.8x | 1.9x |
| Tue, 07 May 2024 | HK$48.5b | HK$24.3b | HK$2.5b | 7.3x | 19.5x | 2x |
| Thu, 04 Apr 2024 | HK$44.5b | HK$24.1b | HK$2.5b | 7.5x | 18x | 1.8x |
| Sat, 02 Mar 2024 | HK$43.2b | HK$23.7b | HK$2.4b | 8.2x | 18.2x | 1.8x |
| Mon, 29 Jan 2024 | HK$43.5b | HK$23.8b | HK$2.4b | 8.3x | 18.1x | 1.8x |
| Wed, 27 Dec 2023 | HK$45.0b | HK$23.9b | HK$2.4b | 9.6x | 18.7x | 1.9x |
| Fri, 24 Nov 2023 | HK$48.8b | HK$23.8b | HK$2.5b | 7.8x | 19.7x | 2.1x |
| Sun, 22 Oct 2023 | HK$43.4b | HK$23.2b | HK$2.4b | 12x | 18.3x | 1.9x |
| Tue, 19 Sep 2023 | HK$46.9b | HK$23.3b | HK$2.4b | 12.3x | 19.7x | 2x |
| Thu, 17 Aug 2023 | HK$35.4b | HK$11.0b | HK$782.6m | 17x | 45.2x | 3.2x |
| Sat, 15 Jul 2023 | HK$39.1b | HK$12.1b | HK$663.0m | 34.9x | 59.1x | 3.2x |
| Mon, 12 Jun 2023 | HK$38.3b | HK$12.1b | HK$705.9m | 30.7x | 54.2x | 3.2x |
| Wed, 10 May 2023 | HK$38.5b | HK$12.4b | HK$722.9m | 23.1x | 53.2x | 3.1x |
| Fri, 07 Apr 2023 | HK$43.4b | HK$12.5b | HK$754.6m | 11.2x | 57.5x | 3.5x |
| Sun, 05 Mar 2023 | HK$41.3b | HK$13.3b | HK$1.1b | 10.8x | 36.2x | 3.1x |
| Tue, 31 Jan 2023 | HK$45.2b | HK$13.5b | HK$1.2b | 10.8x | 38.6x | 3.3x |
| Thu, 29 Dec 2022 | HK$34.3b | HK$13.2b | HK$1.1b | 10.7x | 30.4x | 2.6x |
| Sat, 26 Nov 2022 | HK$29.7b | HK$12.9b | HK$1.1b | 10.8x | 26.9x | 2.3x |
| Mon, 24 Oct 2022 | HK$24.9b | HK$12.9b | HK$1.1b | 14x | 23.4x | 1.9x |
| Wed, 21 Sep 2022 | HK$31.8b | HK$13.2b | HK$1.1b | 15.6x | 28.9x | 2.4x |
| Fri, 19 Aug 2022 | HK$33.3b | HK$13.5b | HK$1.2b | 15.3x | 28.5x | 2.5x |
| Sun, 17 Jul 2022 | HK$37.0b | HK$13.9b | HK$2.2b | 15.5x | 17.1x | 2.7x |
| Tue, 14 Jun 2022 | HK$39.4b | HK$14.2b | HK$2.0b | 16.5x | 19.4x | 2.8x |
Price to Earnings Ratio
19.4x
Current Industry PE
- Investors are optimistic on the Hong Kong Publishing industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 34.6x which is higher than its 3-year average PE of 27.7x.
- The 3-year average PS ratio of 2.3x is higher than the industry's current PS ratio of 1.9x.
Past Earnings Growth
- The earnings for companies in the Publishing industry have declined 11% per year over the last three years.
- Meanwhile revenues for these companies have grown 22% 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 decreased profits.
Industry Comparison
How does Hong Kong Publishing compare with similar industries?
| HK Market | 2.26% | |
| Telecom | 1.97% | |
| Media | 3.64% | |
| Publishing | 5.42% | |
| Advertising | 2.39% | |
| Cable and Satellite | 0% | 0 |
| Broadcasting | -2.79% | |
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 | |
|---|---|---|---|---|---|
| 772 China Literature | HK$29.10 | 8.6% +HK$2.3b | 10.6% | PS3.3x | |
| 811 Xinhua Winshare Publishing and Media | HK$11.30 | 1.3% +HK$172.7m | 16.7% | PE8x | |
| 2383 TOM Group | HK$0.47 | 2.2% +HK$39.6m | -10.4% | PS2.5x | |
| 423 Hong Kong Economic Times Holdings | HK$0.76 | 5.6% +HK$17.3m | -20.8% | PE8x |