Narrative Update • May 11
Have your own idea? Try our Stock Screener
Hong Kong (HSI) Energy Sector Analysis
UpdatedMay 19, 2026
DataAggregated Company Financials
Companies49
- 7D1.0%
- 3M6.0%
- 1Y52.3%
- YTD20.5%
The Energy is pretty flat in the last 7 days, but PetroChina has stood out, gaining 3.3%. The past year has been better, since the industry has gained 52% in that time. As for the next few years, earnings are expected to grow by 4.2% per annum.
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, 19 May 2026 | HK$6.3t | HK$7.9t | HK$475.8b | 14.7x | 13.3x | 0.8x |
| Thu, 16 Apr 2026 | HK$6.4t | HK$7.9t | HK$465.6b | 16.1x | 13.7x | 0.8x |
| Sat, 14 Mar 2026 | HK$6.7t | HK$7.9t | HK$469.4b | 14x | 14.3x | 0.9x |
| Mon, 09 Feb 2026 | HK$5.8t | HK$7.8t | HK$465.8b | 11.1x | 12.5x | 0.7x |
| Wed, 07 Jan 2026 | HK$5.3t | HK$7.7t | HK$461.2b | 9.3x | 11.6x | 0.7x |
| Fri, 05 Dec 2025 | HK$5.3t | HK$7.6t | HK$455.3b | 9.8x | 11.6x | 0.7x |
| Sun, 02 Nov 2025 | HK$5.0t | HK$7.6t | HK$452.6b | 9.5x | 11x | 0.7x |
| Tue, 30 Sep 2025 | HK$4.6t | HK$7.7t | HK$462.1b | 10x | 9.9x | 0.6x |
| Thu, 28 Aug 2025 | HK$4.6t | HK$7.7t | HK$472.2b | 9x | 9.8x | 0.6x |
| Sat, 26 Jul 2025 | HK$4.7t | HK$7.9t | HK$493.4b | 9.2x | 9.6x | 0.6x |
| Mon, 23 Jun 2025 | HK$4.7t | HK$7.9t | HK$492.8b | 9.5x | 9.5x | 0.6x |
| Wed, 21 May 2025 | HK$4.4t | HK$7.8t | HK$488.2b | 8x | 9.1x | 0.6x |
| Fri, 18 Apr 2025 | HK$4.3t | HK$7.9t | HK$491.6b | 7.7x | 8.7x | 0.5x |
| Sun, 16 Mar 2025 | HK$4.3t | HK$8.0t | HK$487.7b | 9x | 8.9x | 0.5x |
| Tue, 11 Feb 2025 | HK$4.5t | HK$8.0t | HK$484.3b | 9.5x | 9.3x | 0.6x |
| Thu, 09 Jan 2025 | HK$4.8t | HK$7.9t | HK$481.9b | 9.6x | 9.9x | 0.6x |
| Sat, 07 Dec 2024 | HK$4.6t | HK$8.0t | HK$486.5b | 9.1x | 9.5x | 0.6x |
| Mon, 04 Nov 2024 | HK$4.7t | HK$8.1t | HK$496.2b | 9.9x | 9.5x | 0.6x |
| Wed, 02 Oct 2024 | HK$5.1t | HK$8.5t | HK$512.9b | 9x | 10x | 0.6x |
| Fri, 30 Aug 2024 | HK$5.0t | HK$8.4t | HK$511.6b | 7.1x | 9.8x | 0.6x |
| Sun, 28 Jul 2024 | HK$4.9t | HK$8.3t | HK$487.8b | 8x | 10x | 0.6x |
| Tue, 25 Jun 2024 | HK$5.3t | HK$8.2t | HK$488.5b | 7.3x | 10.8x | 0.6x |
| Thu, 23 May 2024 | HK$5.2t | HK$8.3t | HK$489.9b | 7.4x | 10.5x | 0.6x |
| Sat, 20 Apr 2024 | HK$5.2t | HK$8.2t | HK$491.3b | 6.7x | 10.6x | 0.6x |
| Mon, 18 Mar 2024 | HK$4.7t | HK$8.5t | HK$502.1b | 6.5x | 9.3x | 0.6x |
| Wed, 14 Feb 2024 | HK$4.3t | HK$8.5t | HK$502.1b | 6.1x | 8.7x | 0.5x |
| Fri, 12 Jan 2024 | HK$4.0t | HK$8.5t | HK$503.2b | 6.3x | 8x | 0.5x |
| Sun, 10 Dec 2023 | HK$3.7t | HK$8.5t | HK$502.2b | 6.4x | 7.5x | 0.4x |
| Tue, 07 Nov 2023 | HK$3.7t | HK$8.4t | HK$498.0b | 7x | 7.5x | 0.4x |
| Thu, 05 Oct 2023 | HK$4.1t | HK$8.4t | HK$497.4b | 6.7x | 8.2x | 0.5x |
| Sat, 02 Sep 2023 | HK$4.0t | HK$8.5t | HK$499.2b | 7.4x | 7.9x | 0.5x |
| Mon, 31 Jul 2023 | HK$4.0t | HK$8.7t | HK$535.1b | 7x | 7.5x | 0.5x |
| Wed, 28 Jun 2023 | HK$3.9t | HK$8.7t | HK$531.8b | 6.5x | 7.3x | 0.4x |
| Fri, 26 May 2023 | HK$4.0t | HK$8.9t | HK$544.3b | 6.6x | 7.3x | 0.5x |
Price to Earnings Ratio
7.3x
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 13.2x which is higher than its 3-year average PE of 9.7x.
- The industry is trading close to its 3-year average PS ratio of 0.59x.
Past Earnings Growth
- The earnings for companies in the Energy industry have declined 4.4% per year over the last three years,
- Revenues have also declined 3.8% 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 | -2.82% | |
| Energy | 0.98% | |
| Oil and Gas | 1.05% | |
| Energy Services | -2.20% | |
Industry PE
- Investors are most optimistic about the Energy Services industry even though it's trading below its 3-year average PE ratio of 32.9x.
- Analysts are expecting annual earnings growth of 12.2%, 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 9.6x.
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 4.0% 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$10.99 | 3.3% +HK$64.1b | 76.4% | PE11x | |
| 883 CNOOC | HK$26.76 | 0.6% +HK$7.6b | 53.6% | PE8.9x | |
| 1088 China Shenhua Energy | HK$44.92 | 0.4% +HK$4.3b | 39.5% | PE16.1x | |
| 1898 China Coal Energy | HK$12.99 | 2.4% +HK$4.1b | 51.0% | PE8.4x | |
| 1171 Yankuang Energy Group | HK$14.93 | 1.3% +HK$1.9b | 68.5% | PE13.5x |
