CITIC's (HKG:267) Returns Have Hit A Wall
May 13
Hong Kong (HSI) Industrial Conglomerates Industry Analysis
UpdatedMay 19, 2024
DataAggregated Company Financials
Companies12
- 7D3.3%
- 3M4.7%
- 1Y-12.5%
- YTDn/a
Over the last 7 days, the Industrial Conglomerates industry has risen 3.3%, driven by gains from CITIC of 4.0%. However, the industry is down 13% over the past year. Earnings are forecast to grow by 8.7% annually.
Industry Valuation and Performance
Has the Hong Kong Industrial Conglomerates Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 19 May 2024 | HK$527.1b | HK$1.6t | HK$97.0b | 6.9x | 5.4x | 0.3x |
| Tue, 16 Apr 2024 | HK$447.9b | HK$1.6t | HK$97.1b | 6.6x | 4.6x | 0.3x |
| Thu, 14 Mar 2024 | HK$514.2b | HK$1.6t | HK$103.3b | 5.5x | 5x | 0.3x |
| Sat, 10 Feb 2024 | HK$484.9b | HK$1.6t | HK$102.9b | 5.4x | 4.7x | 0.3x |
| Mon, 08 Jan 2024 | HK$482.8b | HK$1.6t | HK$103.4b | 5.4x | 4.7x | 0.3x |
| Wed, 06 Dec 2023 | HK$457.9b | HK$1.6t | HK$103.4b | 5x | 4.4x | 0.3x |
| Fri, 03 Nov 2023 | HK$462.0b | HK$1.6t | HK$101.2b | 5.4x | 4.6x | 0.3x |
| Sun, 01 Oct 2023 | HK$483.2b | HK$1.6t | HK$101.8b | 5.6x | 4.7x | 0.3x |
| Tue, 29 Aug 2023 | HK$495.1b | HK$1.5t | HK$112.1b | 5.5x | 4.4x | 0.3x |
| Thu, 27 Jul 2023 | HK$544.5b | HK$1.5t | HK$119.1b | 6.1x | 4.6x | 0.4x |
| Sat, 24 Jun 2023 | HK$580.0b | HK$1.5t | HK$119.4b | 5.1x | 4.9x | 0.4x |
| Mon, 22 May 2023 | HK$597.8b | HK$1.5t | HK$119.4b | 5.6x | 5x | 0.4x |
| Wed, 19 Apr 2023 | HK$587.1b | HK$1.5t | HK$119.5b | 5.3x | 4.9x | 0.4x |
| Fri, 17 Mar 2023 | HK$557.7b | HK$1.5t | HK$127.5b | 5.1x | 4.4x | 0.4x |
| Sun, 12 Feb 2023 | HK$586.2b | HK$1.5t | HK$127.0b | 5.5x | 4.6x | 0.4x |
| Tue, 10 Jan 2023 | HK$554.1b | HK$1.5t | HK$127.0b | 5.4x | 4.4x | 0.4x |
| Thu, 08 Dec 2022 | HK$502.6b | HK$1.5t | HK$126.6b | 4.9x | 4x | 0.3x |
| Sat, 05 Nov 2022 | HK$466.8b | HK$1.5t | HK$126.4b | 4.3x | 3.7x | 0.3x |
| Mon, 03 Oct 2022 | HK$497.7b | HK$1.5t | HK$127.3b | 4.8x | 3.9x | 0.3x |
| Wed, 31 Aug 2022 | HK$566.6b | HK$1.5t | HK$124.3b | 5.7x | 4.6x | 0.4x |
| Fri, 29 Jul 2022 | HK$572.6b | HK$1.5t | HK$123.7b | 5.8x | 4.6x | 0.4x |
| Sun, 26 Jun 2022 | HK$562.8b | HK$1.5t | HK$123.8b | 5.5x | 4.5x | 0.4x |
| Tue, 24 May 2022 | HK$607.6b | HK$1.5t | HK$123.7b | 6x | 4.9x | 0.4x |
| Thu, 21 Apr 2022 | HK$612.5b | HK$1.5t | HK$124.3b | 6x | 4.9x | 0.4x |
| Sat, 19 Mar 2022 | HK$615.1b | HK$1.4t | HK$127.6b | 6x | 4.8x | 0.4x |
| Mon, 14 Feb 2022 | HK$648.2b | HK$1.4t | HK$128.3b | 6.4x | 5.1x | 0.5x |
| Wed, 12 Jan 2022 | HK$595.3b | HK$1.4t | HK$128.2b | 5.9x | 4.6x | 0.4x |
| Fri, 10 Dec 2021 | HK$577.4b | HK$1.4t | HK$129.3b | 6x | 4.5x | 0.4x |
| Sun, 07 Nov 2021 | HK$569.6b | HK$1.4t | HK$129.2b | 5.9x | 4.4x | 0.4x |
| Tue, 05 Oct 2021 | HK$600.2b | HK$1.4t | HK$129.2b | 6x | 4.6x | 0.4x |
| Thu, 02 Sep 2021 | HK$679.3b | HK$1.4t | HK$124.0b | 5.5x | 5.5x | 0.5x |
| Sat, 31 Jul 2021 | HK$638.0b | HK$1.4t | HK$124.0b | 5.5x | 5.1x | 0.5x |
Price to Earnings Ratio
6.3x
Current Industry PE
- Investors are optimistic on the Hong Kong Industrial Conglomerates industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 5.4x which is higher than its 3-year average PE of 4.7x.
- The industry is trading close to its 3-year average PS ratio of 0.38x.
Past Earnings Growth
- The earnings for companies in the Industrial Conglomerates industry have declined 4.2% per year over the last three years.
- Meanwhile revenues for these companies have grown 6.3% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Comparison
How does Hong Kong Industrial Conglomerates compare with similar industries?
| HK Market | 2.56% | |
| Industrials | 2.55% | |
| Industrials | 3.29% | |
| Industrial Conglomerates | 3.29% | |
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 | |
|---|---|---|---|---|---|
| 267 CITIC | HK$8.55 | 4.0% +HK$9.6b | -15.7% | PE4x | |
| 1 CK Hutchison Holdings | HK$42.25 | 2.7% +HK$4.2b | -17.3% | PE6.9x | |
| 656 Fosun International | HK$5.15 | 4.5% +HK$1.8b | -1.2% | PE28.3x | |
| 363 Shanghai Industrial Holdings | HK$12.66 | 8.8% +HK$1.1b | 6.7% | PE4x | |
| 659 NWS Holdings | HK$7.19 | 1.8% +HK$519.7m | 5.9% | PE12.6x |
