Narrative Update • Aug 07
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Hong Kong (HSI) Energy Sector Analysis
UpdatedAug 18, 2026
DataAggregated Company Financials
Companies49
- 7D-0.1%
- 3M-11.1%
- 1Y21.1%
- YTD8.3%
In the last week, Energy has been flat. The past year has been better, since the industry has gained 18% in that time. Earnings are forecast to grow by 3.9% annually.
Sector Valuation and Performance
Has the Hong Kong Energy Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 18 Aug 2026 | HK$5.9t | HK$8.0t | HK$480.6b | 12.6x | 12.2x | 0.7x |
| Thu, 16 Jul 2026 | HK$5.6t | HK$8.0t | HK$477.7b | 12.3x | 11.7x | 0.7x |
| Sat, 13 Jun 2026 | HK$5.9t | HK$8.0t | HK$478.7b | 13x | 12.4x | 0.7x |
| Mon, 11 May 2026 | HK$6.2t | HK$7.9t | HK$475.8b | 14.7x | 13.1x | 0.8x |
| Wed, 08 Apr 2026 | HK$6.6t | HK$7.8t | HK$463.2b | 16.7x | 14.2x | 0.8x |
| Fri, 06 Mar 2026 | HK$6.7t | HK$7.9t | HK$469.4b | 13.3x | 14.2x | 0.8x |
| Sun, 01 Feb 2026 | HK$5.9t | HK$7.8t | HK$464.8b | 11x | 12.6x | 0.8x |
| Tue, 30 Dec 2025 | HK$5.2t | HK$7.7t | HK$459.0b | 9.4x | 11.3x | 0.7x |
| Thu, 27 Nov 2025 | HK$5.1t | HK$7.6t | HK$454.5b | 9.8x | 11.3x | 0.7x |
| Sat, 25 Oct 2025 | HK$5.0t | HK$7.7t | HK$461.3b | 9.4x | 10.7x | 0.6x |
| Mon, 22 Sep 2025 | HK$4.6t | HK$7.7t | HK$462.0b | 9.8x | 10x | 0.6x |
| Wed, 20 Aug 2025 | HK$4.6t | HK$7.9t | HK$489.7b | 9.2x | 9.4x | 0.6x |
| Fri, 18 Jul 2025 | HK$4.6t | HK$7.9t | HK$492.6b | 8.8x | 9.4x | 0.6x |
| Sun, 15 Jun 2025 | HK$4.7t | HK$7.9t | HK$492.2b | 8.9x | 9.6x | 0.6x |
| Tue, 13 May 2025 | HK$4.4t | HK$7.8t | HK$486.7b | 8x | 9x | 0.6x |
| Thu, 10 Apr 2025 | HK$4.1t | HK$7.8t | HK$488.1b | 7.9x | 8.4x | 0.5x |
| Sat, 08 Mar 2025 | HK$4.2t | HK$8.0t | HK$487.8b | 8.7x | 8.7x | 0.5x |
| Mon, 03 Feb 2025 | HK$4.6t | HK$8.0t | HK$488.1b | 9.4x | 9.3x | 0.6x |
| Wed, 01 Jan 2025 | HK$4.8t | HK$7.9t | HK$483.0b | 9.6x | 9.9x | 0.6x |
| Fri, 29 Nov 2024 | HK$4.5t | HK$8.0t | HK$487.7b | 8.8x | 9.2x | 0.6x |
| Sun, 27 Oct 2024 | HK$4.8t | HK$8.3t | HK$505.4b | 8.9x | 9.4x | 0.6x |
| Tue, 24 Sep 2024 | HK$4.6t | HK$8.5t | HK$511.7b | 8.3x | 9x | 0.5x |
| Thu, 22 Aug 2024 | HK$4.9t | HK$8.4t | HK$494.4b | 6.9x | 9.9x | 0.6x |
| Sat, 20 Jul 2024 | HK$5.1t | HK$8.2t | HK$486.6b | 7.4x | 10.4x | 0.6x |
| Mon, 17 Jun 2024 | HK$5.2t | HK$8.3t | HK$489.2b | 7.3x | 10.7x | 0.6x |
| Wed, 15 May 2024 | HK$5.1t | HK$8.3t | HK$490.5b | 7.1x | 10.4x | 0.6x |
| Fri, 12 Apr 2024 | HK$5.1t | HK$8.2t | HK$491.2b | 6.7x | 10.4x | 0.6x |
| Sun, 10 Mar 2024 | HK$4.8t | HK$8.5t | HK$503.3b | 6.8x | 9.6x | 0.6x |
| Tue, 06 Feb 2024 | HK$4.4t | HK$8.6t | HK$507.6b | 6.2x | 8.6x | 0.5x |
| Thu, 04 Jan 2024 | HK$4.0t | HK$8.5t | HK$503.4b | 6.5x | 7.9x | 0.5x |
| Sat, 02 Dec 2023 | HK$3.9t | HK$8.5t | HK$504.2b | 6.4x | 7.7x | 0.5x |
| Mon, 30 Oct 2023 | HK$3.9t | HK$8.4t | HK$492.2b | 7.2x | 7.9x | 0.5x |
| Wed, 27 Sep 2023 | HK$4.1t | HK$8.4t | HK$496.4b | 7.3x | 8.2x | 0.5x |
| Fri, 25 Aug 2023 | HK$3.9t | HK$8.6t | HK$522.6b | 7.6x | 7.5x | 0.5x |
Price to Earnings Ratio
7.5x
Current Industry PE
- Investors are optimistic on the Hong Kong Energy industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 12.2x which is higher than its 3-year average PE of 10.1x.
- The industry is trading close to its 3-year average PS ratio of 0.61x.
Past Earnings Growth
- The earnings for companies in the Energy industry have declined 2.8% per year over the last three years,
- Revenues have also declined 2.4% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Trends
Which industries have driven the changes within the Hong Kong Energy sector?
| HK Market | -0.86% | |
| Energy | -0.12% | |
| Energy Services | 0.90% | |
| Oil and Gas | -0.14% | |
Industry PE
- Investors are most optimistic about the Energy Services industry even though it's trading below its 3-year average PE ratio of 28.9x.
- Analysts are expecting annual earnings growth of 12.3%, which is higher than its past year's earnings growth of 0.5% per year.
- Investors are most pessimistic about the Oil and Gas industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 10.0x.
Forecasted Growth
- Analysts are most optimistic on the Energy Services industry, expecting annual earnings growth of 12% over the next 5 years.
- This is better than its past earnings growth rate of 0.5% per year.
- In contrast, the Oil and Gas industry is expected to see its earnings grow by 3.8% 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 | |
|---|---|---|---|---|---|
| 857 PetroChina | HK$9.81 | 0.7% +HK$12.8b | 31.3% | PE9.8x | |
| 1138 COSCO SHIPPING Energy Transportation | HK$15.20 | 11.9% +HK$8.9b | 133.8% | PE13x | |
| 883 CNOOC | HK$24.42 | 0.7% +HK$8.6b | 31.6% | PE8x | |
| 2883 China Oilfield Services | HK$7.34 | 3.7% +HK$1.2b | 2.5% | PE7.9x | |
| 1898 China Coal Energy | HK$11.28 | 0.7% +HK$1.1b | 15.1% | PE7.2x |
