Asiaray Media Group Limited's (HKG:1993) 29% Share Price Surge Not Quite Adding Up
Apr 25
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Hong Kong (HSI) Media Industry Analysis
UpdatedApr 30, 2025
DataAggregated Company Financials
Companies52
- 7D1.2%
- 3M4.9%
- 1Y7.8%
- YTD8.7%
The Media industry is up 4.3% in the last week, with Qunabox Group up 11%. In the same time, Qian Xun Technology was down 9.1%. This takes the industry's 12 month performance to a gain of 8.3%. Looking forward, earnings are forecast to grow by 36% annually.
Industry Valuation and Performance
Has the Hong Kong Media Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 30 Apr 2025 | HK$102.7b | HK$77.4b | -HK$2,140,809,476.42 | 8.2x | -48x | 1.3x |
| Fri, 28 Mar 2025 | HK$102.0b | HK$77.0b | -HK$1,953,429,949.12 | 9.3x | -52.2x | 1.3x |
| Sun, 23 Feb 2025 | HK$110.9b | HK$77.0b | -HK$630,775,473.11 | 10x | -175.7x | 1.4x |
| Tue, 21 Jan 2025 | HK$95.1b | HK$76.1b | -HK$679,073,199.09 | 9.5x | -140x | 1.2x |
| Thu, 19 Dec 2024 | HK$103.3b | HK$76.4b | -HK$696,535,472.47 | 9.7x | -148.3x | 1.4x |
| Sat, 16 Nov 2024 | HK$99.6b | HK$75.9b | -HK$744,122,945.70 | 10.5x | -133.8x | 1.3x |
| Mon, 14 Oct 2024 | HK$103.0b | HK$76.8b | -HK$714,994,683.15 | 10x | -144x | 1.3x |
| Wed, 11 Sep 2024 | HK$81.8b | HK$76.7b | -HK$772,253,891.21 | 9.9x | -105.9x | 1.1x |
| Fri, 09 Aug 2024 | HK$71.3b | HK$74.9b | HK$1.2b | 10.3x | 57.6x | 1x |
| Sun, 07 Jul 2024 | HK$72.2b | HK$74.4b | HK$1.2b | 9.8x | 60.1x | 1x |
| Tue, 04 Jun 2024 | HK$69.7b | HK$73.7b | HK$1.0b | 9.4x | 67x | 0.9x |
| Thu, 02 May 2024 | HK$69.6b | HK$73.3b | HK$1.0b | 9.8x | 66.4x | 1x |
| Sat, 30 Mar 2024 | HK$71.8b | HK$73.0b | HK$1.3b | 16.9x | 53.4x | 1x |
| Mon, 26 Feb 2024 | HK$67.0b | HK$70.9b | HK$663.4m | 10.3x | 101x | 0.9x |
| Wed, 24 Jan 2024 | HK$67.4b | HK$70.5b | HK$132.8m | 9.6x | 507.4x | 1x |
| Fri, 22 Dec 2023 | HK$77.5b | HK$70.6b | HK$138.4m | 12.8x | 559.6x | 1.1x |
| Sun, 19 Nov 2023 | HK$77.1b | HK$70.1b | HK$206.6m | 11.7x | 373.1x | 1.1x |
| Tue, 17 Oct 2023 | HK$73.4b | HK$68.9b | -HK$38,524,189.00 | 9.2x | -1905.5x | 1.1x |
| Thu, 14 Sep 2023 | HK$75.6b | HK$69.0b | -HK$899,503.00 | 8.8x | -84095.3x | 1.1x |
| Sat, 12 Aug 2023 | HK$68.3b | HK$56.3b | -HK$1,760,860,077.00 | 11.1x | -38.8x | 1.2x |
| Mon, 10 Jul 2023 | HK$68.5b | HK$56.8b | -HK$2,011,470,338.00 | 12.1x | -34x | 1.2x |
| Wed, 07 Jun 2023 | HK$70.2b | HK$57.2b | -HK$2,149,894,638.00 | 12.4x | -32.6x | 1.2x |
| Fri, 05 May 2023 | HK$70.0b | HK$57.3b | -HK$1,996,160,602.00 | 12.7x | -35.1x | 1.2x |
| Sun, 02 Apr 2023 | HK$80.1b | HK$55.6b | -HK$973,924,464.00 | 11.6x | -82.3x | 1.4x |
| Tue, 28 Feb 2023 | HK$74.2b | HK$55.8b | -HK$633,581,067.00 | 12.2x | -117.1x | 1.3x |
| Thu, 26 Jan 2023 | HK$82.3b | HK$56.4b | -HK$254,640,749.00 | 13.7x | -323.3x | 1.5x |
| Sat, 24 Dec 2022 | HK$71.9b | HK$55.5b | -HK$296,063,615.00 | 11.4x | -242.9x | 1.3x |
| Mon, 21 Nov 2022 | HK$68.0b | HK$55.1b | -HK$315,922,513.00 | 16.9x | -215.4x | 1.2x |
| Wed, 19 Oct 2022 | HK$53.4b | HK$54.6b | -HK$433,106,971.00 | 14.2x | -123.2x | 1x |
| Fri, 16 Sep 2022 | HK$59.9b | HK$55.4b | -HK$273,408,438.00 | 12.8x | -219x | 1.1x |
| Sun, 14 Aug 2022 | HK$66.2b | HK$54.7b | HK$184.7m | 11.2x | 358.5x | 1.2x |
| Tue, 12 Jul 2022 | HK$75.0b | HK$55.2b | HK$256.7m | 10.6x | 292x | 1.4x |
| Thu, 09 Jun 2022 | HK$74.1b | HK$55.4b | HK$434.5m | 17.6x | 170.4x | 1.3x |
| Sat, 07 May 2022 | HK$71.8b | HK$55.5b | HK$371.9m | 14.3x | 193.1x | 1.3x |
Price to Earnings Ratio
193.1x
Current Industry PE
- Investors are optimistic on the Hong Kong Media industry, and appear confident in long term growth rates.
- The 3-year average PS ratio of 1.2x is lower than the industry's current PS ratio of 1.4x.
Past Earnings Growth
- Total earnings for the Media industry have declined over the last three years, with the industry now making a loss overall.
- Meanwhile revenues have grown 12% 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 Trends
Which industries have driven the changes within the Hong Kong Telecom industry?
| HK Market | 1.19% | |
| Telecom | 0.85% | |
| Media | 1.22% | |
| Publishing | 1.42% | |
| Advertising | 1.09% | |
| Broadcasting | 0.37% | |
| Cable and Satellite | 0% | 0 |
Industry PE
- Investors are most optimistic about the Publishing industry which is trading above its 3-year average PE ratio of 27.1x.
- Analysts are expecting annual earnings growth of 28.0%, which is higher than its past year's earnings decline of 20.3% per year.
Forecasted Growth
- Analysts are most optimistic on the Advertising industry, expecting annual earnings growth of 79% over the next 5 years.
- This is better than its past earnings growth rate of 7.1% per year.
- In contrast, the Publishing industry is expected to see its earnings grow by 28% 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 | |
|---|---|---|---|---|---|
| 772 China Literature | HK$26.95 | 3.5% +HK$910.0m | -4.6% | PS3.2x | |
| 811 Xinhua Winshare Publishing and Media | HK$11.22 | 1.4% +HK$197.4m | 32.8% | PE8.4x | |
| 2405 Powerwin Tech Group | HK$3.19 | 7.4% +HK$176.0m | 11.9% | PE604.8x | |
| 2486 Plus Group Holdings | HK$5.35 | 20.5% +HK$105.4m | 111.5% | PE44.6x | |
| 752 Pico Far East Holdings | HK$1.91 | 3.2% +HK$75.1m | 17.2% | PE6.7x |
