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May 13
Hong Kong (HSI) Real Estate Sector Analysis
UpdatedMay 19, 2024
DataAggregated Company Financials
Companies262
- 7D7.3%
- 3M16.4%
- 1Y-16.4%
- YTD6.7%
In the last week, the Real Estate industry is up 7.3%, with Longfor Group Holdings up 22%. In the same time, International Entertainment was down 45%. However, the industry is down 16% over the past year. Earnings are forecast to grow by 15% 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 |
|---|---|---|---|---|---|---|
| Sun, 19 May 2024 | HK$2.5t | HK$4.0t | -HK$70,052,349,097.32 | 8.2x | -35.1x | 0.6x |
| Tue, 16 Apr 2024 | HK$2.0t | HK$4.0t | -HK$78,826,766,760.73 | 7x | -25.2x | 0.5x |
| Thu, 14 Mar 2024 | HK$2.2t | HK$3.9t | -HK$156,377,490,719.69 | 6.2x | -13.9x | 0.6x |
| Sat, 10 Feb 2024 | HK$2.1t | HK$3.9t | -HK$174,078,556,560.06 | 6.2x | -12x | 0.5x |
| Mon, 08 Jan 2024 | HK$2.3t | HK$4.0t | -HK$183,664,735,025.00 | 6.9x | -12.6x | 0.6x |
| Wed, 06 Dec 2023 | HK$2.3t | HK$4.0t | -HK$183,712,067,638.00 | 7x | -12.4x | 0.6x |
| Fri, 03 Nov 2023 | HK$2.4t | HK$4.0t | -HK$157,741,410,442.00 | 6.9x | -15.1x | 0.6x |
| Sun, 01 Oct 2023 | HK$2.5t | HK$4.0t | -HK$154,748,901,536.00 | 7.4x | -16.4x | 0.6x |
| Tue, 29 Aug 2023 | HK$2.6t | HK$4.1t | -HK$40,010,181,519.00 | 7x | -66.1x | 0.7x |
| Thu, 27 Jul 2023 | HK$3.0t | HK$4.8t | HK$17.7b | 7.4x | 167.7x | 0.6x |
| Sat, 24 Jun 2023 | HK$2.9t | HK$4.8t | HK$17.1b | 7.1x | 169.2x | 0.6x |
| Mon, 22 May 2023 | HK$3.0t | HK$4.9t | HK$13.9b | 7.5x | 217.5x | 0.6x |
| Wed, 19 Apr 2023 | HK$3.4t | HK$5.0t | HK$32.9b | 8.1x | 103.8x | 0.7x |
| Fri, 17 Mar 2023 | HK$3.3t | HK$5.5t | HK$330.9b | 6x | 9.9x | 0.6x |
| Sun, 12 Feb 2023 | HK$3.6t | HK$5.6t | HK$388.2b | 6.7x | 9.2x | 0.6x |
| Tue, 10 Jan 2023 | HK$3.7t | HK$5.6t | HK$387.5b | 6.8x | 9.4x | 0.7x |
| Thu, 08 Dec 2022 | HK$3.3t | HK$5.5t | HK$382.6b | 6.8x | 8.6x | 0.6x |
| Sat, 05 Nov 2022 | HK$2.7t | HK$5.4t | HK$366.5b | 5.7x | 7.3x | 0.5x |
| Mon, 03 Oct 2022 | HK$3.1t | HK$5.5t | HK$371.7b | 6.1x | 8.3x | 0.6x |
| Wed, 31 Aug 2022 | HK$3.4t | HK$5.8t | HK$474.3b | 6.1x | 7.1x | 0.6x |
| Fri, 29 Jul 2022 | HK$3.5t | HK$5.8t | HK$506.4b | 6.4x | 6.9x | 0.6x |
| Sun, 26 Jun 2022 | HK$3.8t | HK$5.9t | HK$515.7b | 6.7x | 7.3x | 0.6x |
| Tue, 24 May 2022 | HK$3.9t | HK$5.9t | HK$521.6b | 6.7x | 7.4x | 0.7x |
| Thu, 21 Apr 2022 | HK$4.0t | HK$6.1t | HK$539.0b | 6.9x | 7.4x | 0.7x |
| Sat, 19 Mar 2022 | HK$4.0t | HK$6.0t | HK$648.8b | 6.3x | 6.2x | 0.7x |
| Mon, 14 Feb 2022 | HK$4.6t | HK$6.0t | HK$610.8b | 7x | 7.5x | 0.8x |
| Wed, 12 Jan 2022 | HK$4.3t | HK$5.9t | HK$606.5b | 7.1x | 7.1x | 0.7x |
| Fri, 10 Dec 2021 | HK$4.4t | HK$6.0t | HK$607.5b | 6.8x | 7.2x | 0.7x |
| Sun, 07 Nov 2021 | HK$4.2t | HK$5.9t | HK$589.3b | 7.6x | 7.2x | 0.7x |
| Tue, 05 Oct 2021 | HK$4.5t | HK$5.9t | HK$583.7b | 7.8x | 7.8x | 0.8x |
| Thu, 02 Sep 2021 | HK$4.9t | HK$5.9t | HK$575.0b | 7.8x | 8.5x | 0.8x |
| Sat, 31 Jul 2021 | HK$4.8t | HK$5.9t | HK$575.0b | 7.7x | 8.3x | 0.8x |
Price to Earnings Ratio
11x
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 0.69x.
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 10% per year, which is driving profits down.
Industry Trends
Which industries have driven the changes within the Hong Kong Real Estate sector?
| HK Market | 2.56% | |
| Real Estate | 7.25% | |
| REITS | 8.78% | |
| Real Estate | 7.48% | |
| Office REITs | 3.26% | |
| Retail REITs | 3.17% | |
| Specialized REITs | 0% | |
| Residential REITs | 0% | |
| Industrial REITs | 0% | |
| Health Care REITs | 0% | |
| Hotel and Resort REITs | -2.90% | |
Industry PE
- Investors are most optimistic about the Office REITs industry which is trading above its 3-year average PE ratio.
- Analysts are expecting annual earnings growth of 29.2% and investors are willing to pay a premium for that growth.
Forecasted Growth
- Analysts are most optimistic on the Retail REITs industry, expecting annual earnings growth of 36% over the next 5 years.
- In contrast, the Hotel and Resort REITs industry is expected to see its earnings decline by 30% 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 | |
|---|---|---|---|---|---|
| 960 Longfor Group Holdings | HK$15.30 | 21.8% +HK$18.5b | -11.8% | PE7.5x | |
| 688 China Overseas Land & Investment | HK$16.52 | 7.3% +HK$12.3b | -7.9% | PE6.5x | |
| 1821 ESR Group | HK$12.50 | 25.0% +HK$10.5b | 7.6% | PE33.1x | |
| 16 Sun Hung Kai Properties | HK$80.10 | 4.0% +HK$8.5b | -22.6% | PE8.9x | |
| 1209 China Resources Mixc Lifestyle Services | HK$33.10 | 12.6% +HK$8.4b | -10.5% | PE23.9x |
