Index Rebalance

HSI Index Earning Revision (Jul): XINYI SOLAR, CNOOC, PING AN, HSBC, CHINA LIFE, LONGFOR, JD.COM

31 Jul 2026 By Ke Yan, CFA
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Abstract: We analyzed the earnings revisions of HSI index component stocks for July 2026, with the index rising 11% from 22,881 to 25,311 while the consensus 2026E index EPS edged down 0.19% month-on-month to HK$2,165, with 28 stocks revised up and 51 revised down. Individual stock EPS changes contributed an aggregate of -HK$4.42 to index EPS, with JD.COM (9618 HK) the largest detractor at -HK$5.27 to index EPS, partly offset by CHINA LIFE (2628 HK) at +HK$3.52 and PING AN (2318 HK) at +HK$1.62. On a standalone EPS basis, the steepest cuts were LONGFOR (960 HK) at -21.8%, XINYI SOLAR (968 HK) at -16.8%, and JD.COM at -15.0%, while CHINA LIFE led upgrades at +6.49% followed by LI AUTO (2015 HK) at +2.71%. Revenue estimates saw LAOPU GOLD (6181 HK) cut most sharply at -9.30% and XINYI SOLAR at -2.91%, while CHINA SHENHUA (1088 HK) and CATL (3750 HK) posted the largest revenue estimate increases at +2.68% and +2.36% respectively.

MTR (66 HK) XINYI SOLAR (968 HK) CNOOC (883 HK) PING AN (2318 HK) SINO BIOPHARMACEUTICAL (1177 HK) SANDS CHINA (1928 HK)

Highlighted Stocks

MTR, XINYI SOLAR, CNOOC, PING AN, SINO BIOPHARMACEUTICAL, SANDS CHINA

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