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Hong Kong (HSI) Market Analysis & Valuation

UpdatedOct 31, 2024
DataAggregated Company Financials
Companies2296
  • 7D-2.6%
  • 3M9.9%
  • 1Y16.6%
  • YTD16.7%

Over the last 7 days, the market has dropped 2.6%, driven by declines in every sector, especially the Financials sector. In contrast to the last week, the market is actually up 17% over the past year. As for the next few years, earnings are expected to grow by 12% per annum.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 31 Oct 2024HK$43.9tHK$43.2tHK$3.6t9.7x12.2x1x
Sat, 28 Sep 2024HK$43.9tHK$43.9tHK$3.6t9.5x12.2x1x
Mon, 26 Aug 2024HK$40.3tHK$43.4tHK$3.6t8.7x11.3x0.9x
Wed, 24 Jul 2024HK$40.1tHK$42.5tHK$3.5t9.3x11.6x0.9x
Fri, 21 Jun 2024HK$41.6tHK$43.1tHK$3.4t9.6x12.2x1x
Sun, 19 May 2024HK$43.1tHK$43.2tHK$3.4t10x12.6x1x
Tue, 16 Apr 2024HK$39.2tHK$43.2tHK$3.4t9.2x11.5x0.9x
Thu, 14 Mar 2024HK$38.6tHK$43.8tHK$3.4t8.9x11.2x0.9x
Sat, 10 Feb 2024HK$36.6tHK$43.5tHK$3.3t8.7x11x0.8x
Mon, 08 Jan 2024HK$37.8tHK$46.0tHK$3.5t9.2x10.9x0.8x
Wed, 06 Dec 2023HK$37.3tHK$45.9tHK$3.5t8.9x10.7x0.8x
Fri, 03 Nov 2023HK$38.0tHK$45.0tHK$3.4t9x11.1x0.8x
Sun, 01 Oct 2023HK$39.4tHK$45.0tHK$3.4t9.2x11.5x0.9x
Tue, 29 Aug 2023HK$39.9tHK$45.1tHK$3.6t9.3x11.2x0.9x
Thu, 27 Jul 2023HK$42.0tHK$46.0tHK$3.7t9.5x11.4x0.9x
Sat, 24 Jun 2023HK$41.3tHK$46.0tHK$3.7t9.5x11.2x0.9x
Mon, 22 May 2023HK$43.6tHK$46.9tHK$3.7t9.7x11.7x0.9x
Wed, 19 Apr 2023HK$45.4tHK$47.6tHK$3.8t9.8x11.9x1x
Fri, 17 Mar 2023HK$42.6tHK$47.5tHK$4.1t8.7x10.4x0.9x
Sun, 12 Feb 2023HK$44.2tHK$48.0tHK$4.3t9x10.3x0.9x
Tue, 10 Jan 2023HK$44.1tHK$48.0tHK$4.3t8.9x10.3x0.9x
Thu, 08 Dec 2022HK$40.7tHK$46.5tHK$4.1t8.7x9.8x0.9x
Sat, 05 Nov 2022HK$35.9tHK$45.2tHK$4.0t8.1x9x0.8x
Mon, 03 Oct 2022HK$37.3tHK$45.6tHK$4.0t8.3x9.3x0.8x
Wed, 31 Aug 2022HK$41.7tHK$52.6tHK$4.2t9x9.8x0.8x
Fri, 29 Jul 2022HK$42.9tHK$46.7tHK$4.3t8.8x9.9x0.9x
Sun, 26 Jun 2022HK$45.4tHK$47.1tHK$4.4t9.2x10.4x1x
Tue, 24 May 2022HK$43.7tHK$47.2tHK$4.3t8.8x10.1x0.9x
Thu, 21 Apr 2022HK$44.9tHK$48.0tHK$4.4t9.2x10.1x0.9x
Sat, 19 Mar 2022HK$45.2tHK$46.7tHK$4.5t8.3x10x1x
Mon, 14 Feb 2022HK$51.0tHK$46.3tHK$4.5t9x11.4x1.1x
Wed, 12 Jan 2022HK$49.5tHK$46.1tHK$4.4t9.1x11.2x1.1x
Fri, 10 Dec 2021HK$50.6tHK$46.3tHK$4.4t9.3x11.4x1.1x
Sun, 07 Nov 2021HK$49.7tHK$45.8tHK$4.4t9.3x11.3x1.1x
Price to Earnings Ratio

11.3x


Total Market Cap: HK$49.7tTotal Earnings: HK$4.4tTotal Revenue: HK$45.8tTotal Market Cap vs Earnings and Revenue0%0%0%
Hong Kong Market Price to Earnings3Y Average 11x202220232024
Current Market PE
  • Investors are optimistic on the Hong Kong market, and appear confident in strong long term growth rates.
  • The market is trading at a PE ratio of 12.2x which is higher than its 3-year average PE of 11.0x.
Past Earnings Growth
  • The earnings for Hong Kong listed companies have declined 6.5% 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-2.64%
Information Technology0%
Financials0%
Health Care0%
Industrials0%
Tech-0.94%
Consumer Discretionary-1.58%
Real Estate-1.65%
Industrials-1.69%
Financials-2.37%
Consumer Staples-2.44%
Utilities-3.20%
Telecom-3.29%
Materials-4.01%
Energy-4.18%
Healthcare-4.58%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 25.1x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 25.7% which is higher than its past year's earnings decline of 5.4% per year.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 29% over the next 5 years.
  • This is better than its past earnings decline of 3.3% 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
1810 XiaomiHK$26.705.7%
+HK$36.1b
77.1%PE32.3xTech
1913 PradaHK$59.556.5%
+HK$9.3b
32.2%PE24.1xConsumer Discretionary
9660 Horizon RoboticsHK$4.7716.3%
+HK$8.7b
n/aPS26.9xTech
3800 GCL Technology HoldingsHK$1.7220.3%
+HK$7.8b
48.3%PS2xTech
753 Air ChinaHK$4.3712.1%
+HK$7.8b
-17.1%PS0.4xIndustrials
See more
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3988

HK$3.69

Bank of China

7D

-2.6%

1Y

31.8%

1398

HK$4.66

Industrial and Commercial Bank of China

7D

-2.3%

1Y

23.3%

753

HK$4.37

Air China

7D

12.1%

1Y

-17.1%

1288

HK$3.82

Agricultural Bank of China

7D

-4.7%

1Y

30.4%

3800

HK$1.72

GCL Technology Holdings

7D

20.3%

1Y

48.3%

857

HK$5.84

PetroChina

7D

-3.6%

1Y

12.5%

6865

HK$15.84

Flat Glass Group

7D

24.1%

1Y

10.5%

9660

HK$4.77

Horizon Robotics

7D

16.3%

1Y

n/a

700

HK$404.60

Tencent Holdings

7D

-4.1%

1Y

40.2%

3690

HK$182.50

Meituan

7D

-2.4%

1Y

69.0%

939

HK$6.03

China Construction Bank

7D

-2.0%

1Y

34.3%

1055

HK$3.39

China Southern Airlines

7D

11.1%

1Y

-7.4%