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Hong Kong (HSI) Market Analysis & Valuation

UpdatedJun 15, 2024
DataAggregated Company Financials
Companies2310
  • 7D-1.8%
  • 3M9.1%
  • 1Y-3.7%
  • YTD11.8%

Over the last 7 days, the market has dropped 1.8%, driven by a decline of 2.6% in the Financials sector. The market has dropped 3.7% in the last year. Earnings are forecast to grow by 12% annually.

Market Valuation and Performance

Has the Hong Kong Market valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 15 Jun 2024HK$41.2tHK$43.2tHK$3.4t9.5x12x1x
Mon, 13 May 2024HK$42.4tHK$43.3tHK$3.4t9.7x12.4x1x
Wed, 10 Apr 2024HK$39.2tHK$43.3tHK$3.4t9.1x11.4x0.9x
Fri, 08 Mar 2024HK$38.0tHK$43.3tHK$3.4t8.7x11.2x0.9x
Sun, 04 Feb 2024HK$35.7tHK$43.9tHK$3.3t8.6x10.8x0.8x
Tue, 02 Jan 2024HK$38.3tHK$46.3tHK$3.5t9.4x10.9x0.8x
Thu, 30 Nov 2023HK$38.1tHK$45.9tHK$3.5t8.9x10.9x0.8x
Sat, 28 Oct 2023HK$38.3tHK$45.0tHK$3.4t9x11.1x0.9x
Mon, 25 Sep 2023HK$40.0tHK$45.0tHK$3.4t9.2x11.6x0.9x
Wed, 23 Aug 2023HK$39.5tHK$45.3tHK$3.6t9.4x11x0.9x
Fri, 21 Jul 2023HK$41.0tHK$46.0tHK$3.7t9.5x11.1x0.9x
Sun, 18 Jun 2023HK$41.5tHK$45.5tHK$3.3t9.7x12.5x0.9x
Tue, 16 May 2023HK$44.6tHK$47.3tHK$3.8t9.8x11.8x0.9x
Thu, 13 Apr 2023HK$44.3tHK$47.7tHK$3.9t9.9x11.4x0.9x
Sat, 11 Mar 2023HK$42.2tHK$47.3tHK$4.1t8.8x10.3x0.9x
Mon, 06 Feb 2023HK$45.1tHK$49.6tHK$4.4t9x10.3x0.9x
Wed, 04 Jan 2023HK$42.7tHK$47.2tHK$4.2t8.8x10.2x0.9x
Fri, 02 Dec 2022HK$40.2tHK$46.2tHK$4.1t8.6x9.8x0.9x
Sun, 30 Oct 2022HK$34.0tHK$45.4tHK$4.0t7.9x8.4x0.7x
Tue, 27 Sep 2022HK$38.3tHK$45.5tHK$4.0t8.5x9.5x0.8x
Thu, 25 Aug 2022HK$41.0tHK$46.7tHK$4.3t8.8x9.6x0.9x
Sat, 23 Jul 2022HK$43.0tHK$46.7tHK$4.3t9.1x9.9x0.9x
Mon, 20 Jun 2022HK$44.5tHK$47.0tHK$4.4t8.9x10.2x0.9x
Wed, 18 May 2022HK$43.5tHK$46.7tHK$4.3t8.8x10.1x0.9x
Fri, 15 Apr 2022HK$46.2tHK$48.1tHK$4.5t9.2x10.4x1x
Sun, 13 Mar 2022HK$44.6tHK$46.8tHK$4.6t8.2x9.7x1x
Tue, 08 Feb 2022HK$50.0tHK$46.3tHK$4.4t8.9x11.3x1.1x
Thu, 06 Jan 2022HK$48.4tHK$46.1tHK$4.4t9.1x10.9x1x
Sat, 04 Dec 2021HK$49.6tHK$46.1tHK$4.4t9.2x11.2x1.1x
Mon, 01 Nov 2021HK$50.5tHK$45.5tHK$4.4t9.5x11.5x1.1x
Wed, 29 Sep 2021HK$50.7tHK$44.3tHK$4.3t9.7x11.7x1.1x
Fri, 27 Aug 2021HK$51.4tHK$44.2tHK$4.3t10.5x11.9x1.2x
Sat, 03 Jul 2021HK$57.1tHK$44.2tHK$4.3t10.6x13.2x1.3x
Price to Earnings Ratio

13.2x


Total Market Cap: HK$57.1tTotal Earnings: HK$4.3tTotal Revenue: HK$44.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Hong Kong Market Price to Earnings3Y Average 11x202220232024
Current Market PE
  • Investors are relatively neutral on the Hong Kong market at the moment, indicating that they expect earnings will grow in line with historical growth rates.
  • The market is trading close to its 3-year average PE ratio of 11.0x.
Past Earnings Growth
  • The earnings for Hong Kong listed companies have declined 7.4% per year over the last three years.
  • Meanwhile revenues have been flat.
  • This means that either the cost of doing business or the level of investment back into businesses is increasing since sales have remained steady while profits have fallen.

Sector Trends

Which sectors have driven the changes within the Hong Kong Market?

HK Market-1.82%
Telecom0.21%
Tech0.0011%
Utilities-0.63%
Healthcare-0.71%
Consumer Discretionary-1.26%
Energy-1.61%
Financials-2.57%
Consumer Staples-3.05%
Real Estate-3.07%
Industrials-3.19%
Materials-4.56%
Sector PE
  • Investors favour the Healthcare sector the most for future growth even though it's trading below its 3-year average PE ratio of 178x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 23.5%, which is higher than its past year's earnings growth of 1.3% per year.
Forecasted Growth
  • Analysts are most optimistic on the Materials sector, expecting annual earnings growth of 24% over the next 5 years.
  • This is better than its past earnings decline of 2.2% per year.
  • In contrast, the Energy industry is expected to see its earnings growth to stay flat over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuationSector
700 Tencent HoldingsHK$379.801.3%
+HK$44.2b
4.6%PE24.8xTelecom
3690 MeituanHK$114.703.9%
+HK$25.0b
-16.9%PE41.5xConsumer Discretionary
6969 Smoore International HoldingsHK$9.8415.8%
+HK$8.2b
9.3%PE34.1xConsumer Staples
788 China TowerHK$1.034.0%
+HK$7.0b
14.4%PE16.8xTelecom
1171 Yankuang Energy GroupHK$18.120.3%
+HK$5.6b
28.5%PE7.4xEnergy
See more
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Market Insights

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Latest News

6969

HK$9.84

Smoore International Holdings

7D

15.8%

1Y

9.3%

3690

HK$114.70

Meituan

7D

3.9%

1Y

-16.9%

2018

HK$31.20

AAC Technologies Holdings

7D

16.0%

1Y

69.7%

1398

HK$4.34

Industrial and Commercial Bank of China

7D

-1.8%

1Y

3.1%

939

HK$5.50

China Construction Bank

7D

-2.8%

1Y

8.5%

1658

HK$4.31

Postal Savings Bank of China

7D

-5.7%

1Y

-14.5%

857

HK$7.61

PetroChina

7D

-1.8%

1Y

31.2%

941

HK$73.50

China Mobile

7D

-1.9%

1Y

15.6%

1288

HK$3.21

Agricultural Bank of China

7D

-3.0%

1Y

5.2%