Optimistic Investors Push Ruicheng (China) Media Group Limited (HKG:1640) Shares Up 109% But Growth Is Lacking
Sep 05
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Hong Kong (HSI) Media Industry Analysis
UpdatedSep 09, 2024
DataAggregated Company Financials
Companies53
- 7D0.6%
- 3M-2.2%
- 1Y-14.0%
- YTD-1.1%
In the last week, the Media industry is flat overall, with Xinhua Winshare Publishing and Media standing out by going down 3.8%. Unfortunately though, the industry is down 14% over the past 12 months. Looking forward, earnings are forecast to grow by 16% 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 |
|---|---|---|---|---|---|---|
| Tue, 10 Sep 2024 | HK$83.6b | HK$76.9b | -HK$766,965,948.78 | 9.9x | -109.1x | 1.1x |
| Thu, 08 Aug 2024 | HK$70.9b | HK$74.9b | HK$1.2b | 10.3x | 57.2x | 0.9x |
| Sat, 06 Jul 2024 | HK$72.3b | HK$74.4b | HK$1.2b | 9.8x | 60.1x | 1x |
| Mon, 03 Jun 2024 | HK$69.2b | HK$73.7b | HK$1.0b | 9.4x | 66.4x | 0.9x |
| Wed, 01 May 2024 | HK$69.6b | HK$73.1b | HK$1.0b | 9.8x | 66.7x | 1x |
| Fri, 29 Mar 2024 | HK$71.8b | HK$72.7b | HK$1.3b | 10.3x | 55.7x | 1x |
| Sun, 25 Feb 2024 | HK$67.0b | HK$70.9b | HK$663.4m | 10.3x | 101x | 0.9x |
| Tue, 23 Jan 2024 | HK$66.6b | HK$70.3b | HK$122.3m | 9.5x | 544.4x | 0.9x |
| Thu, 21 Dec 2023 | HK$76.3b | HK$70.6b | HK$139.0m | 12.3x | 549.1x | 1.1x |
| Sat, 18 Nov 2023 | HK$77.1b | HK$70.1b | HK$206.1m | 11.7x | 373.8x | 1.1x |
| Mon, 16 Oct 2023 | HK$73.4b | HK$68.9b | -HK$38,524,189.00 | 9.2x | -1905.5x | 1.1x |
| Wed, 13 Sep 2023 | HK$75.6b | HK$69.0b | -HK$6,666,397.00 | 8.8x | -11339.4x | 1.1x |
| Fri, 11 Aug 2023 | HK$68.9b | HK$57.1b | -HK$1,969,430,413.00 | 11.1x | -35x | 1.2x |
| Sun, 09 Jul 2023 | HK$68.5b | HK$56.8b | -HK$2,011,470,338.00 | 12.1x | -34x | 1.2x |
| Tue, 06 Jun 2023 | HK$70.0b | HK$57.2b | -HK$2,149,990,000.00 | 11.8x | -32.6x | 1.2x |
| Thu, 04 May 2023 | HK$69.6b | HK$57.3b | -HK$1,996,148,609.00 | 12.6x | -34.9x | 1.2x |
| Sat, 01 Apr 2023 | HK$80.1b | HK$55.6b | -HK$830,200,910.00 | 11.1x | -96.5x | 1.4x |
| Mon, 27 Feb 2023 | HK$74.7b | HK$55.8b | -HK$634,292,206.00 | 12.3x | -117.7x | 1.3x |
| Wed, 25 Jan 2023 | HK$82.3b | HK$56.4b | -HK$254,690,722.00 | 13.7x | -323.3x | 1.5x |
| Fri, 23 Dec 2022 | HK$71.4b | HK$55.5b | -HK$296,471,902.00 | 11.5x | -240.8x | 1.3x |
| Sun, 20 Nov 2022 | HK$68.1b | HK$55.1b | -HK$358,223,743.00 | 16.9x | -190.2x | 1.2x |
| Tue, 18 Oct 2022 | HK$50.1b | HK$54.7b | -HK$432,505,858.00 | 13.2x | -115.9x | 0.9x |
| Thu, 15 Sep 2022 | HK$59.8b | HK$55.6b | -HK$267,404,256.00 | 12.5x | -223.7x | 1.1x |
| Sat, 13 Aug 2022 | HK$66.2b | HK$55.0b | HK$236.7m | 10.2x | 279.8x | 1.2x |
| Mon, 11 Jul 2022 | HK$77.0b | HK$55.2b | HK$256.7m | 10.9x | 299.9x | 1.4x |
| Wed, 08 Jun 2022 | HK$74.1b | HK$55.4b | HK$434.5m | 17.6x | 170.4x | 1.3x |
| Fri, 06 May 2022 | HK$73.8b | HK$55.7b | HK$389.3m | 14.8x | 189.7x | 1.3x |
| Sun, 03 Apr 2022 | HK$73.5b | HK$56.7b | HK$544.0m | 17x | 135x | 1.3x |
| Tue, 01 Mar 2022 | HK$86.3b | HK$54.3b | -HK$2,582,686,993.00 | 11x | -33.4x | 1.6x |
| Thu, 27 Jan 2022 | HK$93.0b | HK$54.3b | -HK$2,527,782,451.00 | 12.4x | -36.8x | 1.7x |
| Sat, 25 Dec 2021 | HK$92.3b | HK$53.3b | -HK$2,642,510,943.00 | 14.1x | -34.9x | 1.7x |
| Mon, 22 Nov 2021 | HK$104.2b | HK$53.1b | -HK$2,605,116,360.00 | 14.5x | -40x | 2x |
| Wed, 20 Oct 2021 | HK$105.7b | HK$46.4b | -HK$3,009,378,324.00 | 14.4x | -35.1x | 2.3x |
| Fri, 17 Sep 2021 | HK$108.3b | HK$46.2b | -HK$2,995,062,972.00 | 16.1x | -36.2x | 2.3x |
Price to Earnings Ratio
-36.2x
Current Industry PE
- Investors are pessimistic on the Hong Kong Media industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The 3-year average PS ratio of 1.3x is higher than the industry's current PS ratio of 1.1x.
Past Earnings Growth
- The earnings for companies in the Media industry have improved over the last three years.
- Revenues for these companies have grown 19% per year.
- This means that more sales are being generated by these companies overall, and subsequently losses are decreasing too.
Industry Trends
Which industries have driven the changes within the Hong Kong Telecom industry?
| HK Market | -3.49% | |
| Telecom | -3.17% | |
| Media | 0.60% | |
| Advertising | 0.73% | |
| Publishing | 0.57% | |
| Cable and Satellite | 0% | |
| Broadcasting | -0.14% | |
Industry PE
- Investors are most optimistic about the Publishing industry which is trading above its 3-year average PE ratio.
- Analysts are expecting annual earnings growth of 11.0%, which is lower than the prior year's growth of 14.8% per year.
Forecasted Growth
- Analysts are most optimistic on the Broadcasting industry, expecting annual earnings growth of 66% over the next 5 years.
- However this is lower than its past earnings growth rate of 159% per year.
- In contrast, the Publishing industry is expected to see its earnings grow by 11% 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$25.10 | 2.2% +HK$545.7m | -16.9% | PE25x | |
| 2405 Powerwin Tech Group | HK$2.96 | 14.3% +HK$296.0m | -27.3% | PE55.2x | |
| 8500 Icon Culture Global | HK$0.61 | 40.2% +HK$75.6m | 110.3% | PS7.5x | |
| 2540 Lesi Group | HK$1.70 | 7.6% +HK$60.0m | n/a | PE12.1x | |
| 1640 Ruicheng (China) Media Group | HK$1.62 | 6.6% +HK$56.0m | 290.4% | PS3.6x |