Tsim Sha Tsui Properties' (HKG:247) Upcoming Dividend Will Be Larger Than Last Year's
Oct 26
Hong Kong (HSI) Real Estate Industry Analysis
UpdatedOct 30, 2023
DataAggregated Company Financials
Companies274
- 7D0.5%
- 3M-20.4%
- 1Y-6.9%
- YTD-31.5%
Over the last 7 days, the Real Estate industry has remained flat, although notably China Resources Mixc Lifestyle Services gained 8.9%. As for the longer term, the industry has declined 6.9% in the last year. As for the next few years, earnings are expected to grow by 20% per annum.
Industry Valuation and Performance
Has the Hong Kong Real Estate Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 30 Oct 2023 | HK$2.3t | HK$3.9t | -HK$171,695,780,576.00 | 7.3x | -13.2x | 0.6x |
| Wed, 27 Sep 2023 | HK$2.3t | HK$3.9t | -HK$161,286,443,295.00 | 7.3x | -14.5x | 0.6x |
| Fri, 25 Aug 2023 | HK$2.5t | HK$4.6t | -HK$44,187,191,302.00 | 6.9x | -57x | 0.5x |
| Sun, 23 Jul 2023 | HK$2.7t | HK$4.8t | HK$3.7b | 7.4x | 725.5x | 0.6x |
| Tue, 20 Jun 2023 | HK$2.9t | HK$4.8t | HK$2.8b | 7.4x | 1020.4x | 0.6x |
| Thu, 18 May 2023 | HK$3.0t | HK$4.9t | HK$55.4m | 7.5x | 53219.4x | 0.6x |
| Sat, 15 Apr 2023 | HK$3.2t | HK$5.0t | HK$19.5b | 7.6x | 165.8x | 0.6x |
| Mon, 13 Mar 2023 | HK$3.1t | HK$5.5t | HK$317.6b | 6x | 9.8x | 0.6x |
| Wed, 08 Feb 2023 | HK$3.3t | HK$5.6t | HK$371.3b | 6.7x | 9x | 0.6x |
| Fri, 06 Jan 2023 | HK$3.5t | HK$5.5t | HK$368.3b | 6.7x | 9.4x | 0.6x |
| Sun, 04 Dec 2022 | HK$3.1t | HK$5.4t | HK$365.0b | 6.2x | 8.4x | 0.6x |
| Tue, 01 Nov 2022 | HK$2.4t | HK$5.4t | HK$357.9b | 4.9x | 6.6x | 0.4x |
| Thu, 29 Sep 2022 | HK$2.9t | HK$5.4t | HK$359.7b | 5.9x | 8.1x | 0.5x |
| Sat, 27 Aug 2022 | HK$3.2t | HK$5.8t | HK$470.2b | 6x | 6.8x | 0.6x |
| Mon, 25 Jul 2022 | HK$3.2t | HK$5.8t | HK$495.3b | 6.1x | 6.6x | 0.6x |
| Wed, 22 Jun 2022 | HK$3.6t | HK$5.8t | HK$507.1b | 6.5x | 7x | 0.6x |
| Fri, 20 May 2022 | HK$3.6t | HK$5.8t | HK$503.8b | 6.6x | 7.2x | 0.6x |
| Sun, 17 Apr 2022 | HK$4.0t | HK$6.1t | HK$525.7b | 6.8x | 7.6x | 0.7x |
| Tue, 15 Mar 2022 | HK$3.5t | HK$6.0t | HK$631.9b | 5.8x | 5.5x | 0.6x |
| Thu, 10 Feb 2022 | HK$4.2t | HK$5.9t | HK$601.8b | 6.8x | 7x | 0.7x |
| Sat, 08 Jan 2022 | HK$3.9t | HK$5.9t | HK$598.3b | 6.8x | 6.6x | 0.7x |
| Mon, 06 Dec 2021 | HK$4.0t | HK$5.9t | HK$597.0b | 6.8x | 6.7x | 0.7x |
| Wed, 03 Nov 2021 | HK$4.2t | HK$5.9t | HK$591.7b | 1.8x | 7x | 0.7x |
| Fri, 01 Oct 2021 | HK$4.3t | HK$5.9t | HK$585.8b | 7.3x | 7.4x | 0.7x |
| Sun, 29 Aug 2021 | HK$4.6t | HK$5.8t | HK$577.4b | 7.4x | 8x | 0.8x |
| Mon, 05 Jul 2021 | HK$5.3t | HK$5.8t | HK$578.0b | 7.8x | 9.1x | 0.9x |
| Thu, 08 Apr 2021 | HK$5.5t | HK$5.5t | HK$524.4b | 7.9x | 10.4x | 1x |
| Sun, 10 Jan 2021 | HK$4.8t | HK$5.3t | HK$462.0b | 8.7x | 10.5x | 0.9x |
Price to Earnings Ratio
10.3x
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 0.74x.
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 industry?
| HK Market | 0.88% | |
| Real Estate | 0.48% | |
| Real Estate | 0.47% | |
| Real Estate Operating Companies | 1.66% | |
| Real Estate Services | 0.94% | |
| Diversified Real Estate | 0.17% | |
| Real Estate Development | 0.041% | |
Industry PE
- Investors are most optimistic about the Real Estate Operating Companies industry which is trading above its 3-year average PE ratio.
- Analysts are expecting annual earnings growth of 28.8%, which is higher than its past year's earnings decline of 17.3% per year.
Forecasted Growth
- Analysts are most optimistic on the Real Estate Operating Companies industry, expecting annual earnings growth of 29% over the next 5 years.
- This is better than its past earnings decline of 17% per year.
- In contrast, the Real Estate Development 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 | |
|---|---|---|---|---|---|
| 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 | |
| 2602 Onewo | HK$23.25 | 8.6% +HK$2.2b | -21.8% | PE15.7x |
