BOC Hong Kong (Holdings) (HKG:2388) Is Increasing Its Dividend To HK$1.15
May 01
Hong Kong (HSI) Diversified Banks Industry Analysis
UpdatedMay 19, 2024
DataAggregated Company Financials
Companies15
- 7D3.2%
- 3M22.9%
- 1Y10.6%
- YTDn/a
Over the last 7 days, the Diversified Banks industry has risen 8.2%, driven by gains from China Construction Bank of 12%. In the last 12 months, the industry was up 10.0%. As for the next few years, earnings are expected to grow by 4.5% per annum.
Industry Valuation and Performance
Has the Hong Kong Diversified Banks Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 19 May 2024 | HK$8.5t | HK$3.4t | HK$1.6t | 4.9x | 5.5x | 2.5x |
| Tue, 16 Apr 2024 | HK$8.0t | HK$3.4t | HK$1.6t | 4.2x | 5.1x | 2.3x |
| Thu, 14 Mar 2024 | HK$7.7t | HK$3.7t | HK$1.6t | 4.3x | 4.9x | 2.1x |
| Sat, 10 Feb 2024 | HK$7.4t | HK$3.4t | HK$1.5t | 4.1x | 5x | 2.2x |
| Mon, 08 Jan 2024 | HK$7.2t | HK$3.7t | HK$1.6t | 3.9x | 4.6x | 1.9x |
| Wed, 06 Dec 2023 | HK$7.0t | HK$3.7t | HK$1.6t | 3.9x | 4.4x | 1.9x |
| Fri, 03 Nov 2023 | HK$7.0t | HK$3.6t | HK$1.5t | 3.9x | 4.5x | 1.9x |
| Sun, 01 Oct 2023 | HK$6.9t | HK$3.6t | HK$1.5t | 3.9x | 4.5x | 1.9x |
| Tue, 29 Aug 2023 | HK$6.8t | HK$3.6t | HK$1.5t | 4.5x | 4.5x | 1.9x |
| Thu, 27 Jul 2023 | HK$7.0t | HK$3.6t | HK$1.5t | 5x | 4.6x | 1.9x |
| Sat, 24 Jun 2023 | HK$7.4t | HK$3.6t | HK$1.5t | 4x | 4.8x | 2x |
| Mon, 22 May 2023 | HK$7.8t | HK$3.7t | HK$1.6t | 4.3x | 5x | 2.1x |
| Wed, 19 Apr 2023 | HK$7.6t | HK$3.8t | HK$1.6t | 4.4x | 4.8x | 2x |
| Fri, 17 Mar 2023 | HK$7.2t | HK$3.8t | HK$1.6t | 3.9x | 4.5x | 1.9x |
| Sun, 12 Feb 2023 | HK$7.0t | HK$3.8t | HK$1.6t | 4x | 4.3x | 1.8x |
| Tue, 10 Jan 2023 | HK$7.0t | HK$3.8t | HK$1.6t | 4.1x | 4.3x | 1.8x |
| Thu, 08 Dec 2022 | HK$6.6t | HK$3.7t | HK$1.6t | 4.3x | 4.2x | 1.8x |
| Sat, 05 Nov 2022 | HK$6.0t | HK$3.6t | HK$1.5t | 4x | 4x | 1.7x |
| Mon, 03 Oct 2022 | HK$6.4t | HK$3.6t | HK$1.5t | 4.4x | 4.3x | 1.8x |
| Wed, 31 Aug 2022 | HK$6.7t | HK$3.7t | HK$1.5t | 5x | 4.3x | 1.8x |
| Fri, 29 Jul 2022 | HK$7.0t | HK$3.8t | HK$1.6t | 5.1x | 4.4x | 1.8x |
| Sun, 26 Jun 2022 | HK$7.6t | HK$3.8t | HK$1.6t | 5.3x | 4.7x | 2x |
| Tue, 24 May 2022 | HK$7.5t | HK$3.8t | HK$1.6t | 5.2x | 4.7x | 2x |
| Thu, 21 Apr 2022 | HK$7.9t | HK$3.9t | HK$1.6t | 4.9x | 4.9x | 2x |
| Sat, 19 Mar 2022 | HK$7.7t | HK$3.8t | HK$1.6t | 4.8x | 4.7x | 2x |
| Mon, 14 Feb 2022 | HK$8.2t | HK$3.8t | HK$1.6t | 4.7x | 5.1x | 2.2x |
| Wed, 12 Jan 2022 | HK$7.8t | HK$3.7t | HK$1.6t | 4.8x | 4.9x | 2.1x |
| Fri, 10 Dec 2021 | HK$7.5t | HK$3.7t | HK$1.6t | 4.7x | 4.6x | 2x |
| Sun, 07 Nov 2021 | HK$7.4t | HK$3.7t | HK$1.6t | 5.4x | 4.6x | 2x |
| Tue, 05 Oct 2021 | HK$7.4t | HK$3.5t | HK$1.5t | 6x | 4.8x | 2.1x |
| Thu, 02 Sep 2021 | HK$7.5t | HK$3.5t | HK$1.5t | 6.2x | 4.9x | 2.1x |
| Sat, 31 Jul 2021 | HK$7.3t | HK$3.5t | HK$1.5t | 6.2x | 4.8x | 2.1x |
Price to Earnings Ratio
5.8x
Current Industry PE
- Investors are optimistic on the Hong Kong Diversified Banks industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 5.5x which is higher than its 3-year average PE of 4.7x.
- The 3-year average PS ratio of 2.0x is lower than the industry's current PS ratio of 2.5x.
Past Earnings Growth
- The earnings for companies in the Diversified Banks industry have grown 2.7% per year over the last three years, while revenues have remained mostly flat.
- This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.
Industry Comparison
How does Hong Kong Diversified Banks compare with similar industries?
| HK Market | 2.56% | |
| Financials | 3.78% | |
| Banks | 3.20% | |
| Diversified Banks | 3.19% | |
| Regional Banks | 3.31% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 1398 Industrial and Commercial Bank of China | HK$4.71 | 4.0% +HK$64.2b | 6.6% | PB0.4x | |
| 939 China Construction Bank | HK$5.85 | 3.7% +HK$52.5b | 9.8% | PB0.4x | |
| 3988 Bank of China | HK$3.86 | 3.2% +HK$35.3b | 18.8% | PB0.4x | |
| 1288 Agricultural Bank of China | HK$3.81 | 1.9% +HK$24.5b | 21.3% | PB0.4x | |
| 3328 Bank of Communications | HK$6.22 | 3.5% +HK$15.6b | 18.3% | PB0.4x |