Hong Kong (HSI) Energy Sector Analysis

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
Fri, 03 Jul 2026	HK$5.1t	HK$7.9t	HK$476.9b	12.1x	10.6x	0.6x
Sun, 31 May 2026	HK$6.1t	HK$8.0t	HK$478.7b	13.8x	12.8x	0.8x
Tue, 28 Apr 2026	HK$6.5t	HK$7.9t	HK$463.9b	16.5x	14.1x	0.8x
Thu, 26 Mar 2026	HK$6.5t	HK$7.8t	HK$464.8b	12.1x	14.1x	0.8x
Sat, 21 Feb 2026	HK$5.9t	HK$7.9t	HK$468.1b	13x	12.6x	0.8x
Mon, 19 Jan 2026	HK$5.3t	HK$7.8t	HK$462.8b	9.7x	11.4x	0.7x
Wed, 17 Dec 2025	HK$5.0t	HK$7.7t	HK$457.0b	9.3x	11x	0.7x
Fri, 14 Nov 2025	HK$5.3t	HK$7.6t	HK$453.1b	10.3x	11.7x	0.7x
Sun, 12 Oct 2025	HK$4.6t	HK$7.7t	HK$461.2b	9.8x	10.1x	0.6x
Tue, 09 Sep 2025	HK$4.8t	HK$7.7t	HK$462.1b	10x	10.3x	0.6x
Thu, 07 Aug 2025	HK$4.7t	HK$7.9t	HK$492.2b	9.2x	9.5x	0.6x
Sat, 05 Jul 2025	HK$4.6t	HK$7.9t	HK$480.9b	8.6x	9.5x	0.6x
Mon, 02 Jun 2025	HK$4.5t	HK$7.9t	HK$490.4b	8x	9.2x	0.6x
Wed, 30 Apr 2025	HK$4.2t	HK$7.8t	HK$483.0b	7.7x	8.8x	0.5x
Fri, 28 Mar 2025	HK$4.4t	HK$8.0t	HK$493.6b	9.1x	9x	0.6x
Sun, 23 Feb 2025	HK$4.4t	HK$8.0t	HK$486.6b	9.1x	8.9x	0.5x
Tue, 21 Jan 2025	HK$4.6t	HK$7.9t	HK$483.3b	9.4x	9.5x	0.6x
Thu, 19 Dec 2024	HK$4.7t	HK$8.0t	HK$484.4b	9.4x	9.7x	0.6x
Sat, 16 Nov 2024	HK$4.5t	HK$8.0t	HK$489.4b	9.6x	9.2x	0.6x
Mon, 14 Oct 2024	HK$5.0t	HK$8.4t	HK$509.1b	9.5x	9.8x	0.6x
Wed, 11 Sep 2024	HK$4.6t	HK$8.4t	HK$507.2b	8.3x	9x	0.5x
Fri, 09 Aug 2024	HK$4.8t	HK$8.3t	HK$492.1b	7.2x	9.7x	0.6x
Sun, 07 Jul 2024	HK$5.5t	HK$8.2t	HK$486.9b	8.2x	11.2x	0.7x
Tue, 04 Jun 2024	HK$5.3t	HK$8.3t	HK$490.3b	7.5x	10.8x	0.6x
Thu, 02 May 2024	HK$5.1t	HK$8.3t	HK$490.8b	6.9x	10.5x	0.6x
Sat, 30 Mar 2024	HK$4.8t	HK$8.2t	HK$489.0b	6.5x	9.8x	0.6x
Mon, 26 Feb 2024	HK$4.7t	HK$8.5t	HK$502.2b	6.9x	9.4x	0.6x
Wed, 24 Jan 2024	HK$3.9t	HK$8.5t	HK$502.7b	5.9x	7.7x	0.5x
Fri, 22 Dec 2023	HK$3.7t	HK$8.5t	HK$503.7b	6.5x	7.4x	0.4x
Sun, 19 Nov 2023	HK$3.6t	HK$8.4t	HK$498.2b	6.5x	7.2x	0.4x
Tue, 17 Oct 2023	HK$4.0t	HK$8.4t	HK$496.8b	6.8x	8x	0.5x
Thu, 14 Sep 2023	HK$4.1t	HK$8.4t	HK$499.0b	6.5x	8.2x	0.5x
Sat, 12 Aug 2023	HK$3.9t	HK$8.6t	HK$530.5b	7.1x	7.4x	0.5x
Mon, 10 Jul 2023	HK$3.9t	HK$8.7t	HK$531.8b	7.2x	7.4x	0.5x

Current Industry PE

Investors are relatively neutral on the Hong Kong Energy industry at the moment, indicating that they anticipate long term growth rates to remain steady.

The industry is trading close to its 3-year average PE ratio of 9.9x.

The industry is trading close to its 3-year average PS ratio of 0.60x.

Past Earnings Growth

The earnings for companies in the Energy industry have declined 3.6% per year over the last three years,
Revenues have also declined 2.9% 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	-1.89%
Energy	-2.36%
Energy Services	-1.69%
Oil and Gas	-2.37%

Industry PE

Investors are most optimistic about the Energy Services industry even though it's trading below its 3-year average PE ratio of 31.0x.

Analysts are expecting annual earnings growth of 11.5%, 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, which is trading close to its 3-year average of 9.8x.

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 4.4% 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
883 CNOOC	HK$21.18	1.5% +HK$15.2b	16.2%	PE7x
857 PetroChina	HK$8.82	0.5% +HK$7.3b	29.5%	PE8.8x
1277 Kinetic Development Group	HK$1.63	7.2% +HK$927.3m	39.3%	PE13.3x
2883 China Oilfield Services	HK$6.44	2.7% +HK$811.2m	-3.3%	PE7x
1164 CGN Mining	HK$2.59	2.8% +HK$532.0m	2.4%	PE43.5x

Cgn Mining Company Limited Announces Changes to Its Board, Effective June 22, 2026

CGN Mining Company Limited announced that with effect from June 22, 2026, Mr. Gao Pei Ji resigned as an independent non-executive Director, a member of the nomination committee, a member of the remuneration committee, and a member of the environment, social and governance committee of the Company due to retirement. Ms. Ng Florence Man Shan was appointed as an independent non-executive Director, a member of the audit committee, a member of the nomination committee, a member of the remuneration committee, and a member of the environment, social and governance committee, effective June 22, 2026. Ms. Ng Florence Man Shan, aged 38, is a Certified Public Accountant in Hong Kong and a Type 6 (advising on corporate finance) responsible officer under the Securities and Futures Commission of Hong Kong. Ms. Ng has served as an Associate Director and a Type 6 (advising on corporate finance) responsible officer at Grand Moore Capital Limited since January 2020. From January 2012 to August 2019, she successively served at several financial advisory firms with her last position as a senior manager and a Type 6 (advising on corporate finance) responsible officer. From December 2009 to January 2012, she served as an accountant/senior accountant at Ernst & Young Tax Services Limited. Ms. Ng obtained a bachelor’s degree of Business Administration in Accounting and Finance from the University of Hong Kong in December 2009. Ms. Ng has entered into a service contract with the Company for an initial term of three years commencing from 22 June 2026. CGN Mining Company also announced that Mr. Gao has resigned as a member of each of the Nomination Committee, the Remuneration Committee and the ESG Committee;Mr. Wang Xianfeng, a non-executive Director, has resigned as a member of the audit committee of the Board (the "Audit Committee") and the chairman of the Nomination Committee; Ms. Ng, an independent non-executive Director, has been appointed as a member of each of the Audit Committee, the Nomination Committee, the Remuneration Committee and the ESG Committee; and Mr. Wu Yingpeng, an independent non-executive Director, has been re-designated from a member of the Nomination Committee to the chairman of the Nomination Committee. As at the date of this announcement, the latest membership information of the committees under the Board is as follows: Audit Committee: Mr. Zhang Yuntao (Chairman), Mr. Wu Yingpeng and Ms. Ng Florence Man Shan Remuneration Committee: Mr. Wu Yingpeng (Chairman), Mr. Zhang Yuntao and Ms. Ng Florence Man Shan Nomination Committee: Mr. Wu Yingpeng (Chairman), Mr. Zhang Yuntao and Ms. Ng Florence Man Shan ESG Committee: Mr. Li Jie (Chairman) and Ms. Ng Florence Man Shan The Board hereby announces that Ms. Lai Siu Kuen ("Ms. Lai") has resigned as (i) a joint company secretary of the Company (the "Joint Company Secretary"); and (ii) an authorised representative of the Company (the "Authorised Representative") as required under Rule 3.05 of the Listing Rules due to adjustment of work arrangement, with effect from 22 June 2026. The Board further announces that, following the resignation of Ms. Lai, Ms. Wong Pui Kiu Ingrid ("Ms. Wong") has been appointed as the Joint Company Secretary and the Authorised Representative with effect from 22 June 2026. Ms. Wong is currently a senior manager of Company Secretarial Services of Tricor Services Limited. Ms. Wong has over 10 years' experience in the corporate secretarial and legal advisory services. Ms. Wong is a Chartered Secretary, a Chartered Governance Professional and an associate of both The Hong Kong Chartered Governance Institute (HKCGI) and The Chartered Governance Institute (CGI) in the United Kingdom.

Hong Kong (HSI) Energy Sector Analysis

Sector Valuation and Performance

Industry Trends

Top Stock Gainers and Losers

Latest News

Investor sentiment deteriorates as stock falls 22%

New major risk - Revenue and earnings growth

China Oilfield Services Limited Announces CEO Changes, Effective from 30 June 2026

Shandong Molong Petroleum Machinery Company Limited to Report First Half, 2026 Results on Aug 29, 2026

CNOOC Limited to Report First Half, 2026 Results on Aug 31, 2026

PetroChina Company Limited to Report First Half, 2026 Results on Aug 25, 2026

China Shenhua Energy Company Limited to Report First Half, 2026 Results on Aug 31, 2026

China Suntien Green Energy Corporation Limited to Report First Half, 2026 Results on Aug 26, 2026

Yankuang Energy Group Company Limited to Report First Half, 2026 Results on Aug 29, 2026

New minor risk - Share price stability

Investor sentiment deteriorates as stock falls 16%

Cgn Mining Company Limited Announces Changes to Its Board, Effective June 22, 2026

CEO & Executive Director recently bought HK$1.4m worth of stock

Less than half of directors are independent

Founder & Executive Chairman recently bought HK$215k worth of stock

Some Investors May Be Willing To Look Past United Energy Group's (HKG:467) Soft Earnings