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Hong Kong (HSI) Market Analysis & Valuation

UpdatedMar 10, 2025
DataAggregated Company Financials
Companies2300
  • 7D4.7%
  • 3M10.8%
  • 1Y30.4%
  • YTD14.3%

Over the last 7 days, the market has risen 4.7%, driven by gains in every sector, especially the Communication Services sector. As for the past 12 months, the market is up 30%. Looking forward, 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
Mon, 10 Mar 2025HK$48.9tHK$43.4tHK$3.5t10.5x13.8x1.1x
Wed, 05 Feb 2025HK$44.9tHK$43.3tHK$3.5t10.1x12.7x1x
Fri, 03 Jan 2025HK$43.9tHK$42.6tHK$3.6t10x12x1x
Sun, 01 Dec 2024HK$43.0tHK$42.9tHK$3.7t9.9x11.7x1x
Tue, 29 Oct 2024HK$44.7tHK$43.4tHK$3.6t9.8x12.4x1x
Thu, 26 Sep 2024HK$41.7tHK$44.0tHK$3.6t9.1x11.5x0.9x
Sat, 24 Aug 2024HK$40.3tHK$43.3tHK$3.6t8.7x11.3x0.9x
Mon, 22 Jul 2024HK$40.3tHK$42.6tHK$3.5t9.4x11.6x0.9x
Wed, 19 Jun 2024HK$41.0tHK$43.2tHK$3.4t9.5x12x1x
Fri, 17 May 2024HK$42.8tHK$43.3tHK$3.4t9.9x12.5x1x
Sun, 14 Apr 2024HK$39.0tHK$43.3tHK$3.4t9.2x11.4x0.9x
Tue, 12 Mar 2024HK$38.4tHK$43.3tHK$3.4t8.8x11.3x0.9x
Thu, 08 Feb 2024HK$36.7tHK$44.0tHK$3.4t8.6x10.9x0.8x
Sat, 06 Jan 2024HK$37.8tHK$46.0tHK$3.5t9.1x10.8x0.8x
Mon, 04 Dec 2023HK$38.1tHK$45.9tHK$3.5t9x11x0.8x
Wed, 01 Nov 2023HK$37.9tHK$45.0tHK$3.4t9x11x0.8x
Fri, 29 Sep 2023HK$38.9tHK$45.0tHK$3.4t9.1x11.4x0.9x
Sun, 27 Aug 2023HK$39.6tHK$45.5tHK$3.6t9.4x11x0.9x
Tue, 25 Jul 2023HK$40.7tHK$45.9tHK$3.7t9.5x11.1x0.9x
Thu, 22 Jun 2023HK$41.8tHK$46.0tHK$3.7t9.7x11.4x0.9x
Sat, 20 May 2023HK$43.5tHK$46.9tHK$3.7t9.7x11.6x0.9x
Mon, 17 Apr 2023HK$44.8tHK$47.7tHK$3.8t9.9x11.7x0.9x
Wed, 15 Mar 2023HK$42.6tHK$47.6tHK$4.1t8.7x10.3x0.9x
Fri, 10 Feb 2023HK$44.8tHK$49.6tHK$4.4t9.1x10.2x0.9x
Sun, 08 Jan 2023HK$43.6tHK$47.6tHK$4.2t8.9x10.3x0.9x
Tue, 06 Dec 2022HK$41.5tHK$46.4tHK$4.1t8.7x10x0.9x
Thu, 03 Nov 2022HK$35.2tHK$45.3tHK$4.0t8x8.8x0.8x
Sat, 01 Oct 2022HK$37.3tHK$45.6tHK$4.0t8.3x9.3x0.8x
Mon, 29 Aug 2022HK$41.9tHK$46.5tHK$4.2t8.9x9.9x0.9x
Wed, 27 Jul 2022HK$43.3tHK$46.8tHK$4.3t8.9x10x0.9x
Fri, 24 Jun 2022HK$44.9tHK$47.1tHK$4.4t9x10.3x1x
Sun, 22 May 2022HK$44.0tHK$47.2tHK$4.3t8.8x10.2x0.9x
Tue, 19 Apr 2022HK$46.1tHK$48.1tHK$4.5t9.2x10.4x1x
Thu, 17 Mar 2022HK$42.9tHK$46.6tHK$4.6t7.9x9.4x0.9x
Price to Earnings Ratio

9.4x


Total Market Cap: HK$42.9tTotal Earnings: HK$4.6tTotal Revenue: HK$46.6tTotal Market Cap vs Earnings and Revenue0%0%0%
Hong Kong Market Price to Earnings3Y Average 11.1x202320242025
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 13.8x which is higher than its 3-year average PE of 11.1x.
Past Earnings Growth
  • The earnings for companies in the Hong Kong industry have declined 8.1% per year over the last three years.
  • Revenues have also declined 2.3% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Sector Trends

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

HK Market4.71%
Materials9.90%
Telecom9.11%
Consumer Staples6.32%
Consumer Discretionary5.02%
Tech4.92%
Healthcare4.01%
Industrials3.75%
Real Estate3.53%
Financials3.24%
Utilities1.29%
Energy0.51%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 31.6x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 27.4% which is higher than its past year's earnings decline of 0.5% per year.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 31% over the next 5 years.
  • This is better than its past earnings decline of 2.7% 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$516.506.9%
+HK$300.8b
85.4%PE25.7xTelecom
941 China MobileHK$83.105.5%
+HK$92.5b
23.1%PE12.2xTelecom
3690 MeituanHK$174.907.6%
+HK$72.9b
96.1%PE30.5xConsumer Discretionary
1024 Kuaishou TechnologyHK$63.1024.3%
+HK$52.8b
30.2%PE16.9xTelecom
1810 XiaomiHK$52.853.7%
+HK$47.7b
294.4%PE64xTech
See more
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1024

HK$63.10

Kuaishou Technology

7D

24.3%

1Y

30.2%

1

HK$49.60

CK Hutchison Holdings

7D

26.7%

1Y

21.4%

1211

HK$345.60

BYD

7D

-5.0%

1Y

75.1%

2097

HK$393.40

MIXUE Group

7D

35.7%

1Y

n/a

1810

HK$52.85

Xiaomi

7D

3.7%

1Y

294.4%

3690

HK$174.90

Meituan

7D

7.6%

1Y

96.1%

2522

HK$34.20

Jiangxi Rimag Group

7D

-21.4%

1Y

n/a

1299

HK$62.80

AIA Group

7D

6.4%

1Y

0.9%