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Hong Kong (HSI) Market Analysis & Valuation

UpdatedApr 30, 2025
DataAggregated Company Financials
Companies2293
  • 7D1.2%
  • 3M7.1%
  • 1Y15.2%
  • YTD8.9%

Over the last 7 days, the market has risen 1.2%, driven by gains of 1.7% in the Financials sector. In the last year, the market has climbed 15%. Earnings are forecast to grow by 11% annually.

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 01 May 2025HK$47.6tHK$42.6tHK$3.7t10.7x12.7x1.1x
Sat, 29 Mar 2025HK$48.6tHK$43.2tHK$3.7t11.1x13.2x1.1x
Mon, 24 Feb 2025HK$48.1tHK$43.3tHK$3.5t10.3x13.6x1.1x
Wed, 22 Jan 2025HK$43.8tHK$43.1tHK$3.5t9.9x12.5x1x
Fri, 20 Dec 2024HK$44.1tHK$42.6tHK$3.6t10x12.1x1x
Sun, 17 Nov 2024HK$43.2tHK$43.0tHK$3.7t9.8x11.8x1x
Tue, 15 Oct 2024HK$45.2tHK$43.6tHK$3.6t10x12.6x1x
Thu, 12 Sep 2024HK$38.1tHK$43.6tHK$3.6t8.7x10.6x0.9x
Sat, 10 Aug 2024HK$39.2tHK$43.0tHK$3.5t9x11.2x0.9x
Mon, 08 Jul 2024HK$41.0tHK$42.6tHK$3.5t9.5x11.8x1x
Wed, 05 Jun 2024HK$42.0tHK$43.3tHK$3.4t9.7x12.2x1x
Fri, 03 May 2024HK$41.1tHK$43.2tHK$3.4t9.4x12.1x1x
Sun, 31 Mar 2024HK$38.7tHK$43.5tHK$3.4t9.1x11.3x0.9x
Tue, 27 Feb 2024HK$38.1tHK$43.8tHK$3.4t8.9x11.2x0.9x
Thu, 25 Jan 2024HK$35.9tHK$44.5tHK$3.4t8.9x10.7x0.8x
Sat, 23 Dec 2023HK$37.0tHK$46.0tHK$3.5t9x10.6x0.8x
Mon, 20 Nov 2023HK$38.6tHK$45.4tHK$3.4t8.9x11.2x0.8x
Wed, 18 Oct 2023HK$39.3tHK$45.0tHK$3.4t9x11.5x0.9x
Fri, 15 Sep 2023HK$40.1tHK$45.2tHK$3.5t9.2x11.6x0.9x
Sun, 13 Aug 2023HK$41.2tHK$45.5tHK$3.6t9.6x11.3x0.9x
Tue, 11 Jul 2023HK$40.8tHK$45.7tHK$3.7t9.6x11.2x0.9x
Thu, 08 Jun 2023HK$42.5tHK$46.4tHK$3.7t9.5x11.4x0.9x
Sat, 06 May 2023HK$45.2tHK$47.6tHK$3.8t9.8x11.9x1x
Mon, 03 Apr 2023HK$43.7tHK$47.8tHK$4.0t9.7x11x0.9x
Wed, 01 Mar 2023HK$42.5tHK$47.3tHK$4.2t8.8x10.2x0.9x
Fri, 27 Jan 2023HK$46.0tHK$48.1tHK$4.3t9.1x10.7x1x
Sun, 25 Dec 2022HK$41.4tHK$46.8tHK$4.2t8.7x9.9x0.9x
Tue, 22 Nov 2022HK$38.3tHK$46.0tHK$4.1t8.3x9.4x0.8x
Thu, 20 Oct 2022HK$36.5tHK$45.2tHK$4.0t8.3x9.1x0.8x
Sat, 17 Sep 2022HK$39.9tHK$46.2tHK$4.1t8.9x9.8x0.9x
Mon, 15 Aug 2022HK$41.9tHK$46.9tHK$4.3t8.6x9.7x0.9x
Wed, 13 Jul 2022HK$43.7tHK$47.0tHK$4.3t9.2x10.1x0.9x
Fri, 10 Jun 2022HK$45.5tHK$47.2tHK$4.4t9x10.4x1x
Sun, 08 May 2022HK$42.6tHK$47.3tHK$4.3t9x9.8x0.9x
Price to Earnings Ratio

9.8x


Total Market Cap: HK$42.6tTotal Earnings: HK$4.3tTotal Revenue: HK$47.3tTotal Market Cap vs Earnings and Revenue0%0%0%
Hong Kong Market Price to Earnings3Y Average 11.2x202320242025
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 12.7x which is higher than its 3-year average PE of 11.2x.
Past Earnings Growth
  • The earnings for companies in the Hong Kong industry have declined 4.8% per year over the last three years.
  • Revenues have also declined 3.4% 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 Market1.19%
Tech3.97%
Consumer Discretionary2.16%
Healthcare2.11%
Financials1.72%
Industrials1.31%
Utilities1.14%
Telecom0.85%
Consumer Staples-0.13%
Real Estate-0.35%
Energy-1.00%
Materials-1.17%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 34.1x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 24.7%, which is higher than its past year's earnings growth of 2.9% 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 1.6% 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$49.955.3%
+HK$64.8b
188.4%PE51.2xTech
700 Tencent HoldingsHK$477.200.6%
+HK$27.3b
37.4%PE21xTelecom
1299 AIA GroupHK$58.103.8%
+HK$22.3b
0.5%PE11.6xFinancials
857 PetroChinaHK$5.942.1%
+HK$22.0b
-19.5%PE6.2xEnergy
2388 BOC Hong Kong (Holdings)HK$32.206.8%
+HK$21.7b
33.3%PB1xFinancials
See more
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Market Insights

The term ‘ Fiscal Dominance ’ has been popping up more in recent years, thanks to rising U.S. deficits. For the sake of your portfolio, this trend and its consequences are worth knowing about.

Latest News

9999

HK$167.00

NetEase

7D

3.9%

1Y

11.1%

728

HK$5.34

China Telecom

7D

-3.3%

1Y

23.6%

2388

HK$32.20

BOC Hong Kong (Holdings)

7D

6.8%

1Y

33.3%

9633

HK$35.80

Nongfu Spring

7D

-3.1%

1Y

-22.5%

1211

HK$370.20

BYD

7D

-5.2%

1Y

71.7%

1088

HK$29.20

China Shenhua Energy

7D

-6.4%

1Y

-10.7%

1810

HK$49.95

Xiaomi

7D

5.3%

1Y

188.4%

939

HK$6.38

China Construction Bank

7D

-6.3%

1Y

25.1%

857

HK$5.94

PetroChina

7D

2.1%

1Y

-19.5%

1299

HK$58.10

AIA Group

7D

3.8%

1Y

0.5%

1288

HK$4.74

Agricultural Bank of China

7D

1.3%

1Y

35.0%