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Hong Kong (HSI) Market Analysis & Valuation

UpdatedMay 25, 2025
DataAggregated Company Financials
Companies2287
  • 7D1.8%
  • 3M4.3%
  • 1Y16.9%
  • YTD16.9%

The market is up 1.8% over the last week, with the Consumer Discretionary sector leading the way, up 4.2%. As for the past 12 months, the market is up 17%. Looking forward, 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
Mon, 26 May 2025HK$50.6tHK$43.4tHK$3.8t11x13.2x1.2x
Wed, 23 Apr 2025HK$47.1tHK$42.5tHK$3.7t10.5x12.6x1.1x
Fri, 21 Mar 2025HK$49.5tHK$43.5tHK$3.6t10.9x13.9x1.1x
Sun, 16 Feb 2025HK$46.9tHK$43.3tHK$3.5t10.2x13.3x1.1x
Tue, 14 Jan 2025HK$42.3tHK$42.1tHK$3.6t9.7x11.7x1x
Thu, 12 Dec 2024HK$44.6tHK$42.8tHK$3.7t10.1x12.2x1x
Sat, 09 Nov 2024HK$45.2tHK$43.2tHK$3.7t10x12.3x1x
Mon, 07 Oct 2024HK$47.4tHK$43.6tHK$3.6t10.6x13.2x1.1x
Wed, 04 Sep 2024HK$39.7tHK$43.4tHK$3.6t8.9x11x0.9x
Fri, 02 Aug 2024HK$39.7tHK$42.7tHK$3.5t9.3x11.4x0.9x
Sun, 30 Jun 2024HK$41.0tHK$42.6tHK$3.5t9.5x11.8x1x
Tue, 28 May 2024HK$42.6tHK$43.2tHK$3.4t9.9x12.4x1x
Thu, 25 Apr 2024HK$39.9tHK$43.2tHK$3.4t9.1x11.7x0.9x
Sat, 23 Mar 2024HK$38.3tHK$43.8tHK$3.3t8.8x11.5x0.9x
Mon, 19 Feb 2024HK$37.1tHK$43.6tHK$3.3t8.7x11.1x0.9x
Wed, 17 Jan 2024HK$37.0tHK$45.5tHK$3.5t9.1x10.7x0.8x
Fri, 15 Dec 2023HK$37.0tHK$45.9tHK$3.5t9x10.6x0.8x
Sun, 12 Nov 2023HK$38.0tHK$45.1tHK$3.4t9x11.1x0.8x
Tue, 10 Oct 2023HK$39.0tHK$45.1tHK$3.4t9x11.4x0.9x
Thu, 07 Sep 2023HK$40.4tHK$45.1tHK$3.4t9.4x11.7x0.9x
Sat, 05 Aug 2023HK$42.3tHK$45.7tHK$3.6t9.7x11.6x0.9x
Mon, 03 Jul 2023HK$41.5tHK$45.6tHK$3.7t9.7x11.4x0.9x
Wed, 31 May 2023HK$41.8tHK$46.6tHK$3.7t9.3x11.2x0.9x
Fri, 28 Apr 2023HK$44.4tHK$47.4tHK$3.8t9.8x11.7x0.9x
Sun, 26 Mar 2023HK$43.4tHK$47.6tHK$4.1t9.1x10.6x0.9x
Tue, 21 Feb 2023HK$44.1tHK$47.6tHK$4.2t9x10.4x0.9x
Thu, 19 Jan 2023HK$44.6tHK$48.2tHK$4.3t8.8x10.4x0.9x
Sat, 17 Dec 2022HK$41.8tHK$46.8tHK$4.2t8.9x10x0.9x
Mon, 14 Nov 2022HK$38.0tHK$46.1tHK$4.1t8.2x9.3x0.8x
Wed, 12 Oct 2022HK$36.8tHK$45.4tHK$4.0t8.2x9.2x0.8x
Fri, 09 Sep 2022HK$40.4tHK$46.3tHK$4.1t9.1x9.8x0.9x
Sun, 07 Aug 2022HK$41.9tHK$46.8tHK$4.3t8.7x9.7x0.9x
Tue, 05 Jul 2022HK$45.3tHK$47.0tHK$4.4t9.2x10.4x1x
Thu, 02 Jun 2022HK$44.8tHK$47.3tHK$4.4t9x10.2x0.9x
Price to Earnings Ratio

10.2x


Total Market Cap: HK$44.8tTotal Earnings: HK$4.4tTotal Revenue: HK$47.3tTotal Market Cap vs Earnings and Revenue0%0%0%
Hong Kong Market Price to Earnings3Y Average 11.3x202320242025
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 13.2x which is higher than its 3-year average PE of 11.3x.
Past Earnings Growth
  • The earnings for companies in the Hong Kong industry have declined 4.4% per year over the last three years.
  • Revenues have also declined 2.9% 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 Market1.79%
Healthcare6.78%
Consumer Discretionary4.22%
Materials4.06%
Energy3.75%
Utilities1.93%
Telecom1.62%
Industrials1.17%
Tech0.86%
Financials0.84%
Real Estate-0.86%
Consumer Staples-2.14%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 35.2x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 24.9%, 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
1211 BYDHK$465.207.1%
+HK$94.1b
123.7%PE28.9xConsumer Discretionary
700 Tencent HoldingsHK$518.002.0%
+HK$88.9b
37.4%PE21.6xTelecom
857 PetroChinaHK$6.484.7%
+HK$53.1b
-15.5%PE6.6xEnergy
1810 XiaomiHK$53.003.9%
+HK$51.9b
189.6%PE53.4xTech
6181 Laopu GoldHK$826.5022.3%
+HK$42.0b
n/aPE143.5xConsumer Discretionary
See more
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1299

HK$64.85

AIA Group

7D

-1.7%

1Y

7.3%

700

HK$518.00

Tencent Holdings

7D

2.0%

1Y

37.4%

9633

HK$36.60

Nongfu Spring

7D

-4.8%

1Y

-15.6%

66

HK$26.40

MTR

7D

-4.9%

1Y

-0.2%

6181

HK$826.50

Laopu Gold

7D

22.3%

1Y

n/a

3690

HK$136.90

Meituan

7D

4.2%

1Y

17.7%

2899

HK$18.72

Zijin Mining Group

7D

8.0%

1Y

7.1%

2495

HK$314.20

Voicecomm Technology

7D

-47.5%

1Y

n/a

1211

HK$465.20

BYD

7D

7.1%

1Y

123.7%

1398

HK$5.69

Industrial and Commercial Bank of China

7D

1.8%

1Y

22.1%