Valuation of Hong Kong Stock Market - The Hang Seng Composite Index (HSCI) and Hang Seng Index (HSI) are key indicators of market valuation[8][12] - The Hang Seng Technology Index (HSTECH) reflects the valuation trends in the tech sector[16][18] Industry Valuation Levels - The PE (TTM) valuation shows that the utilities sector is undervalued, with a percentile below 20%[23] - Consumer discretionary, consumer staples, healthcare, information technology, and utilities are below the 50th percentile in PE valuation[23] - High valuation sectors (above 50%) include energy, materials, industrials, financials, and telecommunications[23] - No sectors are currently undervalued based on PB (LF) valuation, with consumer staples, information technology, utilities, and real estate below the 50th percentile[27] - Energy, materials, industrials, consumer discretionary, healthcare, financials, and telecommunications are above the 50th percentile in PB valuation[27] AH Share Premium/Discount Levels - The Hang Seng AH Share Premium Index shows fluctuations in premium levels over time, with historical averages and standard deviations noted[33]
港股市场估值周报：2025.12.08-2025.12.14-20251216
Zhe Shang Guo Ji Jin Rong Kong Gu·2025-12-16 05:59