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Hong Kong (HSI) Market Analysis & Valuation

UpdatedJun 19, 2024
DataAggregated Company Financials
Companies2310
  • 7D-0.4%
  • 3M9.4%
  • 1Y-1.8%
  • YTD11.5%

The market has been flat in the last week, however the Real Estate sector is down 3.2%. In line with that, the market has also been flat over the past year. 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
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
Sat, 12 Feb 2022HK$51.0tHK$46.3tHK$4.5t9x11.4x1.1x
Mon, 10 Jan 2022HK$49.0tHK$46.1tHK$4.4t9x11.1x1.1x
Wed, 08 Dec 2021HK$48.8tHK$46.1tHK$4.4t8.9x11x1.1x
Fri, 05 Nov 2021HK$50.3tHK$45.7tHK$4.4t9.4x11.5x1.1x
Sun, 03 Oct 2021HK$50.7tHK$44.4tHK$4.4t9.7x11.7x1.1x
Tue, 31 Aug 2021HK$52.5tHK$44.2tHK$4.3t10.7x12.2x1.2x
Wed, 07 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 7.5% 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-0.40%
Tech2.52%
Industrials0.77%
Financials0.24%
Telecom0.21%
Healthcare-0.048%
Utilities-0.21%
Consumer Discretionary-1.00%
Materials-1.41%
Consumer Staples-1.49%
Energy-2.17%
Real Estate-3.19%
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 177x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 23.6%, 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 2.3% 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
700 Tencent HoldingsHK$377.000.9%
+HK$25.7b
7.7%PE24.6xTelecom
3988 Bank of ChinaHK$3.802.2%
+HK$23.6b
20.6%PB0.4xFinancials
939 China Construction BankHK$5.611.3%
+HK$17.5b
10.9%PB0.4xFinancials
1211 BYDHK$233.602.3%
+HK$15.1b
-11.2%PE20.7xConsumer Discretionary
1919 COSCO SHIPPING HoldingsHK$13.926.3%
+HK$13.1b
95.8%PE8.8xIndustrials
See more
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Market Insights

Last week, we looked at some of the reasons the healthcare sector has underperformed over the last few years...

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China CITIC Bank

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688

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China Overseas Land & Investment

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941

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386

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