Tsim Sha Tsui Properties' (HKG:247) Upcoming Dividend Will Be Larger Than Last Year's
Oct 26
Hong Kong (HSI) Real Estate Sector Analysis
UpdatedOct 30, 2023
DataAggregated Company Financials
Companies285
- 7D0.5%
- 3M-20.2%
- 1Y-7.9%
- YTD-31.7%
Last week, the Real Estate industry hasn't moved much but China Resources Mixc Lifestyle Services is up 8.7% in that time. As for the longer term, the industry has declined 7.9% in the last year. Earnings are forecast to grow by 18% annually.
Sector Valuation and Performance
Has the Hong Kong Real Estate Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 30 Oct 2023 | HK$2.4t | HK$4.0t | -HK$156,825,276,156.00 | 7.2x | -15.3x | 0.6x |
| Wed, 27 Sep 2023 | HK$2.5t | HK$3.9t | -HK$146,416,202,724.00 | 7.2x | -17x | 0.6x |
| Fri, 25 Aug 2023 | HK$2.7t | HK$4.6t | -HK$29,160,685,313.00 | 7.1x | -91.6x | 0.6x |
| Sun, 23 Jul 2023 | HK$2.9t | HK$4.8t | HK$18.0b | 7.4x | 160.6x | 0.6x |
| Tue, 20 Jun 2023 | HK$3.1t | HK$4.8t | HK$17.1b | 7.5x | 179x | 0.6x |
| Thu, 18 May 2023 | HK$3.1t | HK$4.9t | HK$13.4b | 7.5x | 234.1x | 0.6x |
| Sat, 15 Apr 2023 | HK$3.4t | HK$5.1t | HK$32.9b | 7.6x | 104.5x | 0.7x |
| Mon, 13 Mar 2023 | HK$3.3t | HK$5.5t | HK$331.8b | 6.2x | 9.9x | 0.6x |
| Wed, 08 Feb 2023 | HK$3.5t | HK$5.6t | HK$388.5b | 6.7x | 9.1x | 0.6x |
| Fri, 06 Jan 2023 | HK$3.7t | HK$5.6t | HK$385.5b | 6.8x | 9.5x | 0.7x |
| Sun, 04 Dec 2022 | HK$3.2t | HK$5.5t | HK$382.2b | 6.7x | 8.5x | 0.6x |
| Tue, 01 Nov 2022 | HK$2.5t | HK$5.4t | HK$367.4b | 5.2x | 6.8x | 0.5x |
| Thu, 29 Sep 2022 | HK$3.1t | HK$5.4t | HK$369.2b | 6.2x | 8.3x | 0.6x |
| Sat, 27 Aug 2022 | HK$3.4t | HK$5.8t | HK$479.3b | 6.2x | 7.1x | 0.6x |
| Mon, 25 Jul 2022 | HK$3.5t | HK$5.8t | HK$505.2b | 6.4x | 6.9x | 0.6x |
| Wed, 22 Jun 2022 | HK$3.8t | HK$5.9t | HK$517.0b | 6.6x | 7.3x | 0.6x |
| Fri, 20 May 2022 | HK$3.8t | HK$5.8t | HK$518.3b | 6.7x | 7.4x | 0.7x |
| Sun, 17 Apr 2022 | HK$4.2t | HK$6.1t | HK$540.4b | 7x | 7.8x | 0.7x |
| Tue, 15 Mar 2022 | HK$3.7t | HK$6.0t | HK$645.4b | 6x | 5.7x | 0.6x |
| Thu, 10 Feb 2022 | HK$4.4t | HK$6.0t | HK$609.8b | 6.9x | 7.3x | 0.7x |
| Sat, 08 Jan 2022 | HK$4.2t | HK$5.9t | HK$606.3b | 6.9x | 6.9x | 0.7x |
| Mon, 06 Dec 2021 | HK$4.2t | HK$5.9t | HK$605.0b | 6.8x | 6.9x | 0.7x |
| Wed, 03 Nov 2021 | HK$4.4t | HK$5.9t | HK$589.3b | 1.8x | 7.5x | 0.7x |
| Fri, 01 Oct 2021 | HK$4.5t | HK$5.9t | HK$583.4b | 7.7x | 7.8x | 0.8x |
| Sun, 29 Aug 2021 | HK$4.8t | HK$5.9t | HK$575.0b | 7.8x | 8.4x | 0.8x |
| Mon, 05 Jul 2021 | HK$5.5t | HK$5.9t | HK$575.6b | 8.3x | 9.6x | 0.9x |
| Thu, 08 Apr 2021 | HK$5.7t | HK$5.5t | HK$514.0b | 8x | 11.1x | 1x |
| Sun, 10 Jan 2021 | HK$5.1t | HK$5.3t | HK$428.9b | 8.7x | 11.8x | 1x |
Price to Earnings Ratio
12.1x
Current Industry PE
- Investors are pessimistic on the Hong Kong Real Estate industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading close to its 3-year average PS ratio of 0.78x.
Past Earnings Growth
- Total earnings for the Real Estate industry have declined over the last three years, with the industry now making a loss overall.
- Revenues have also declined 5.8% per year, which is driving profits down.
Industry Trends
Which industries have driven the changes within the Hong Kong Real Estate sector?
| HK Market | 0.88% | |
| Real Estate | 0.48% | |
| Retail REITs | 1.46% | |
| Real Estate | 0.47% | |
| Specialized REITs | 0% | |
| Residential REITs | 0% | |
| Health Care REITs | 0% | |
| Industrial REITs | -0.77% | |
| REITS | -0.80% | |
| Hotel and Resort REITs | -1.41% | |
| Office REITs | -1.48% | |
Industry PE
- Investors are most optimistic about the Industrial REITs industry which is trading above its 3-year average PE ratio of 5.7x.
- Analysts are expecting annual earnings decline of 16.3%, which is worse than the prior year's decline of 10.5%.
Forecasted Growth
- Analysts are most optimistic on the Office REITs industry, expecting annual earnings growth of 45% over the next 5 years.
- In contrast, the Hotel and Resort REITs industry is expected to see its earnings decline by 89% 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 | |
|---|---|---|---|---|---|
| 1209 China Resources Mixc Lifestyle Services | HK$31.30 | 8.9% +HK$5.8b | 36.1% | PE25.9x | |
| 1109 China Resources Land | HK$30.25 | 2.4% +HK$5.0b | 23.0% | PE6.5x | |
| 688 China Overseas Land & Investment | HK$15.28 | 2.0% +HK$3.3b | 2.0% | PE7.8x | |
| 4 Wharf (Holdings) | HK$20.40 | 5.3% +HK$3.1b | -9.1% | PS3.5x | |
| 823 Link Real Estate Investment Trust | HK$36.40 | 2.7% +HK$2.4b | -21.6% | PB0.5x |
