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Oct 27
Hong Kong (HSI) Consumer Discretionary Sector Analysis
UpdatedOct 30, 2023
DataAggregated Company Financials
Companies464
- 7D1.3%
- 3M-15.6%
- 1Y8.7%
- YTD-19.9%
Over the last 7 days, the Consumer Discretionary industry has risen 1.3%, driven by gains from Meituan of 5.8%. In the same time, Li Ning was down 20%. This means that the industry has gained 8.7% over the past year. Earnings are forecast to grow by 26% annually.
Sector Valuation and Performance
Has the Hong Kong Consumer Discretionary Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 30 Oct 2023 | HK$4.0t | HK$3.8t | HK$141.8b | 9.4x | 28.5x | 1.1x |
| Wed, 27 Sep 2023 | HK$4.1t | HK$3.8t | HK$140.8b | 9.3x | 29x | 1.1x |
| Fri, 25 Aug 2023 | HK$4.4t | HK$3.6t | HK$130.0b | 10.1x | 33.6x | 1.2x |
| Sun, 23 Jul 2023 | HK$4.5t | HK$3.6t | HK$123.0b | 10.8x | 36.7x | 1.3x |
| Tue, 20 Jun 2023 | HK$4.7t | HK$3.6t | HK$114.6b | 10.7x | 40.8x | 1.3x |
| Thu, 18 May 2023 | HK$4.7t | HK$3.7t | HK$107.4b | 10.5x | 43.5x | 1.3x |
| Sat, 15 Apr 2023 | HK$4.8t | HK$3.7t | HK$109.4b | 10.4x | 43.9x | 1.3x |
| Mon, 13 Mar 2023 | HK$4.9t | HK$3.6t | HK$95.1b | 9.8x | 51.3x | 1.4x |
| Wed, 08 Feb 2023 | HK$5.6t | HK$5.1t | HK$186.8b | 10.8x | 30.1x | 1.1x |
| Fri, 06 Jan 2023 | HK$5.7t | HK$3.6t | HK$100.3b | 10.3x | 56.5x | 1.6x |
| Sun, 04 Dec 2022 | HK$5.1t | HK$3.5t | HK$98.2b | 9.3x | 52.1x | 1.4x |
| Tue, 01 Nov 2022 | HK$4.0t | HK$3.4t | HK$76.1b | 8.7x | 52.8x | 1.2x |
| Thu, 29 Sep 2022 | HK$4.7t | HK$3.3t | HK$68.7b | 9.2x | 68.8x | 1.4x |
| Sat, 27 Aug 2022 | HK$5.5t | HK$3.5t | HK$69.9b | 10.3x | 78.2x | 1.6x |
| Mon, 25 Jul 2022 | HK$5.9t | HK$3.5t | HK$70.2b | 10.7x | 83.3x | 1.7x |
| Wed, 22 Jun 2022 | HK$6.0t | HK$3.5t | HK$72.1b | 11x | 82.8x | 1.7x |
| Fri, 20 May 2022 | HK$5.3t | HK$3.5t | HK$66.5b | 10.1x | 79.5x | 1.5x |
| Sun, 17 Apr 2022 | HK$5.3t | HK$3.6t | HK$68.6b | 11.1x | 76.8x | 1.5x |
| Tue, 15 Mar 2022 | HK$4.4t | HK$3.5t | HK$51.1b | 9.6x | 87x | 1.3x |
| Thu, 10 Feb 2022 | HK$6.5t | HK$3.5t | HK$50.6b | 11.4x | 127.9x | 1.9x |
| Sat, 08 Jan 2022 | HK$6.1t | HK$3.5t | HK$51.2b | 11.4x | 120.1x | 1.8x |
| Mon, 06 Dec 2021 | HK$7.0t | HK$3.4t | HK$54.1b | 12.2x | 129.7x | 2x |
| Wed, 03 Nov 2021 | HK$6.8t | HK$3.4t | HK$68.6b | 13.1x | 99.7x | 2x |
| Fri, 01 Oct 2021 | HK$6.9t | HK$3.4t | HK$71.2b | 13x | 96.9x | 2x |
| Sun, 29 Aug 2021 | HK$7.3t | HK$3.3t | HK$83.2b | 12.7x | 87.4x | 2.2x |
| Mon, 05 Jul 2021 | HK$8.3t | HK$3.3t | HK$82.2b | 14.4x | 100.7x | 2.5x |
| Thu, 08 Apr 2021 | HK$7.3t | HK$3.1t | HK$58.8b | 13.7x | 123.5x | 2.3x |
| Sun, 10 Jan 2021 | HK$7.4t | HK$2.8t | HK$9.3b | 15.5x | 798.2x | 2.6x |
Price to Earnings Ratio
147.8x
Current Industry PE
- Investors are pessimistic on the Hong Kong Consumer Discretionary industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 28.5x which is lower than its 3-year average PE of 141x.
- The 3-year average PS ratio of 1.8x is higher than the industry's current PS ratio of 1.1x.
Past Earnings Growth
- The earnings for companies in the Consumer Discretionary industry have grown 54% per year over the last three years.
- Revenues for these companies have grown 12% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Hong Kong Consumer Discretionary sector?
| HK Market | 0.88% | |
| Consumer Discretionary | 1.26% | |
| Hospitality | 3.10% | |
| Specialty Stores | 2.85% | |
| Consumer Services | 2.75% | |
| Auto | 1.79% | |
| Online Retail and Ecommerce | 0% | |
| Auto Components | -0.13% | |
| General Merchandise and Department Stores | -0.31% | |
| Leisure | -0.95% | |
| Consumer Durables | -1.04% | |
| Luxury | -2.61% | |
| Retail Distributors | -4.29% | |
Industry PE
- Investors are most optimistic about the Hospitality industry which is trading above its 3-year average PE ratio.
- Analysts are expecting annual earnings growth of 40.2%, which is lower than the prior year's growth of 74.6% per year.
Forecasted Growth
- Analysts are most optimistic on the Hospitality industry, expecting annual earnings growth of 40% over the next 5 years.
- However this is lower than its past earnings growth rate of 75% per year.
- In contrast, the Consumer Durables industry is expected to see its earnings grow by 15% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 3690 Meituan | HK$114.00 | 5.8% +HK$38.7b | -8.7% | PE81.4x | |
| 2333 Great Wall Motor | HK$11.58 | 15.6% +HK$13.2b | 35.1% | PE18x | |
| 1211 BYD | HK$246.20 | 0.7% +HK$5.2b | 40.1% | PE27.9x | |
| 1929 Chow Tai Fook Jewellery Group | HK$11.04 | 4.2% +HK$4.4b | -17.9% | PE20.5x | |
| 27 Galaxy Entertainment Group | HK$44.30 | 1.4% +HK$2.6b | 23.6% | PE631.1x |
