Market Still Lacking Some Conviction On Momentum Financial Holdings Limited (HKG:1152)
May 27
Hong Kong (HSI) Diversified Financial Industry Analysis
UpdatedMay 29, 2024
DataAggregated Company Financials
Companies31
- 7D-1.9%
- 3M4.9%
- 1Y4.5%
- YTD5.7%
Over the last 7 days, the Diversified Financial industry has dropped 1.9%, driven by a pullback from China Development Bank Financial Leasing of 5.5%. In contrast, Momentum Financial Holdings has gained 179%. Over the past 12 months, the industry was up 4.5%. Earnings are forecast to grow by 17% annually.
Industry Valuation and Performance
Has the Hong Kong Diversified Financial Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 30 May 2024 | HK$147.2b | HK$97.8b | HK$17.7b | 11.4x | 8.3x | 1.5x |
| Sat, 27 Apr 2024 | HK$147.3b | HK$98.1b | HK$17.5b | 8.2x | 8.4x | 1.5x |
| Mon, 25 Mar 2024 | HK$131.9b | HK$95.3b | HK$16.3b | 4.6x | 8.1x | 1.4x |
| Wed, 21 Feb 2024 | HK$134.7b | HK$94.2b | HK$16.6b | 5x | 8.1x | 1.4x |
| Fri, 19 Jan 2024 | HK$122.2b | HK$94.2b | HK$16.6b | 4.8x | 7.3x | 1.3x |
| Sun, 17 Dec 2023 | HK$130.2b | HK$94.5b | HK$16.8b | 4.3x | 7.7x | 1.4x |
| Tue, 14 Nov 2023 | HK$120.2b | HK$93.2b | HK$16.6b | 4.2x | 7.2x | 1.3x |
| Thu, 12 Oct 2023 | HK$119.3b | HK$93.2b | HK$16.6b | 4.4x | 7.2x | 1.3x |
| Sat, 09 Sep 2023 | HK$112.3b | HK$92.9b | HK$16.5b | 4.6x | 6.8x | 1.2x |
| Mon, 07 Aug 2023 | HK$127.7b | HK$89.6b | HK$16.0b | 4.4x | 8x | 1.4x |
| Wed, 05 Jul 2023 | HK$130.0b | HK$89.3b | HK$16.0b | 4.5x | 8.1x | 1.5x |
| Fri, 02 Jun 2023 | HK$128.2b | HK$90.1b | HK$16.2b | 4.8x | 7.9x | 1.4x |
| Sun, 30 Apr 2023 | HK$132.9b | HK$92.3b | HK$16.6b | 4.7x | 8x | 1.4x |
| Tue, 28 Mar 2023 | HK$129.9b | HK$87.6b | HK$16.8b | 5.1x | 7.7x | 1.5x |
| Thu, 23 Feb 2023 | HK$141.8b | HK$77.5b | HK$16.3b | 6x | 8.7x | 1.8x |
| Sat, 21 Jan 2023 | HK$143.7b | HK$78.5b | HK$16.7b | 6.2x | 8.6x | 1.8x |
| Mon, 19 Dec 2022 | HK$113.6b | HK$76.1b | HK$16.1b | 5.7x | 7x | 1.5x |
| Wed, 16 Nov 2022 | HK$103.9b | HK$74.5b | HK$15.9b | 6.5x | 6.5x | 1.4x |
| Fri, 14 Oct 2022 | HK$92.9b | HK$73.3b | HK$15.7b | 6.4x | 5.9x | 1.3x |
| Sun, 11 Sep 2022 | HK$100.5b | HK$75.7b | HK$16.2b | 7.7x | 6.2x | 1.3x |
| Tue, 09 Aug 2022 | HK$103.0b | HK$72.9b | HK$16.9b | 8.4x | 6.1x | 1.4x |
| Thu, 07 Jul 2022 | HK$104.8b | HK$73.5b | HK$17.0b | 8.1x | 6.2x | 1.4x |
| Sat, 04 Jun 2022 | HK$110.6b | HK$73.9b | HK$17.2b | 7.9x | 6.4x | 1.5x |
| Mon, 02 May 2022 | HK$107.7b | HK$74.4b | HK$17.2b | 7.3x | 6.3x | 1.4x |
| Wed, 30 Mar 2022 | HK$95.9b | HK$64.6b | HK$15.6b | 8.1x | 6.2x | 1.5x |
| Fri, 25 Feb 2022 | HK$96.6b | HK$61.6b | HK$15.1b | 5.5x | 6.4x | 1.6x |
| Sun, 23 Jan 2022 | HK$96.5b | HK$61.2b | HK$15.0b | 5.9x | 6.4x | 1.6x |
| Tue, 21 Dec 2021 | HK$95.4b | HK$61.0b | HK$15.0b | 5.3x | 6.4x | 1.6x |
| Thu, 18 Nov 2021 | HK$96.1b | HK$60.8b | HK$15.0b | 9.1x | 6.4x | 1.6x |
| Sat, 16 Oct 2021 | HK$99.3b | HK$62.1b | HK$14.9b | 6.6x | 6.7x | 1.6x |
| Mon, 13 Sep 2021 | HK$106.2b | HK$61.8b | HK$14.9b | 7.3x | 7.1x | 1.7x |
| Wed, 11 Aug 2021 | HK$106.6b | HK$61.9b | HK$14.8b | 9.2x | 7.2x | 1.7x |
| Sun, 06 Jun 2021 | HK$105.8b | HK$58.4b | HK$13.6b | 9.3x | 7.8x | 1.8x |
Price to Earnings Ratio
7.8x
Current Industry PE
- Investors are optimistic on the Hong Kong Diversified Financial industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 8.3x which is higher than its 3-year average PE of 7.1x.
- The industry is trading close to its 3-year average PS ratio of 1.5x.
Past Earnings Growth
- The earnings for companies in the Diversified Financial industry have grown 9.2% per year over the last three years.
- Revenues for these companies have grown 19% 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 Financials industry?
| HK Market | -0.73% | |
| Financials | -1.69% | |
| Diversified Financial | -1.94% | |
| Multi-Sector Holdings | 0% | |
| Specialized Finance | -1.48% | |
| Transaction and Payment Processing Services | -2.34% | |
| Other Diversified Financial Services | -2.94% | |
Industry PE
- Investors are most optimistic about the Other Diversified Financial Services industry which is trading above its 3-year average PE ratio of 101x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
Forecasted Growth
- Analysts are most optimistic on the Transaction and Payment Processing Services industry, expecting annual earnings growth of 71% over the next 5 years.
- This is better than its past earnings decline of 42% per year.
- In contrast, the Specialized Finance industry is expected to see its earnings grow by 7.1% 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 | |
|---|---|---|---|---|---|
| 1152 Momentum Financial Holdings | HK$0.13 | 178.7% +HK$82.5m | n/a | PE6.3x | |
| 3877 CSSC (Hong Kong) Shipping | HK$1.52 | 0.7% +HK$61.4m | 12.6% | PE4.9x | |
| 1051 G-Resources Group | HK$2.66 | 3.5% +HK$40.6m | 47.8% | PE21.6x | |
| 1273 Hong Kong Finance Group | HK$0.38 | 17.2% +HK$22.8m | -16.7% | PE3x | |
| 8452 FY Financial (Shenzhen) | HK$0.30 | 20.0% +HK$18.0m | -33.3% | PE21.1x |
