Hong Kong (HSI) Energy Services Industry Analysis

Industry Valuation and Performance

Has the Hong Kong Energy Services Industry valuation changed over the past few years?

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Tue, 30 Jun 2026	HK$104.7b	HK$195.4b	HK$5.6b	19.1x	18.6x	0.5x
Thu, 28 May 2026	HK$123.6b	HK$195.6b	HK$5.6b	20.1x	21.9x	0.6x
Sat, 25 Apr 2026	HK$143.3b	HK$193.6b	HK$5.6b	20.1x	25.5x	0.7x
Mon, 23 Mar 2026	HK$157.4b	HK$189.6b	HK$5.4b	13.4x	29.4x	0.8x
Wed, 18 Feb 2026	HK$148.3b	HK$189.3b	HK$5.3b	14.6x	28.2x	0.8x
Fri, 16 Jan 2026	HK$132.2b	HK$187.3b	HK$5.2b	14.9x	25.4x	0.7x
Sun, 14 Dec 2025	HK$119.6b	HK$184.7b	HK$5.1b	15.3x	23.3x	0.6x
Tue, 11 Nov 2025	HK$127.1b	HK$182.7b	HK$5.2b	15.3x	24.6x	0.7x
Thu, 09 Oct 2025	HK$118.0b	HK$182.4b	HK$4.7b	16.4x	25.2x	0.6x
Sat, 06 Sep 2025	HK$118.3b	HK$182.7b	HK$4.7b	16.1x	25.3x	0.6x
Mon, 04 Aug 2025	HK$116.3b	HK$179.8b	HK$4.7b	10.3x	24.7x	0.6x
Wed, 02 Jul 2025	HK$114.0b	HK$175.9b	HK$4.7b	10.1x	24.2x	0.6x
Fri, 30 May 2025	HK$109.9b	HK$175.3b	HK$4.9b	10.7x	22.4x	0.6x
Sun, 27 Apr 2025	HK$107.9b	HK$171.0b	HK$5.0b	10.6x	21.5x	0.6x
Tue, 25 Mar 2025	HK$119.5b	HK$171.5b	HK$4.1b	11.9x	28.9x	0.7x
Thu, 20 Feb 2025	HK$115.0b	HK$168.8b	HK$4.3b	9.8x	26.6x	0.7x
Sat, 18 Jan 2025	HK$120.3b	HK$167.9b	HK$4.3b	9.9x	28x	0.7x
Mon, 16 Dec 2024	HK$115.9b	HK$168.8b	HK$4.3b	8.7x	26.8x	0.7x
Wed, 13 Nov 2024	HK$117.4b	HK$169.9b	HK$4.4b	8.9x	27x	0.7x
Fri, 11 Oct 2024	HK$115.4b	HK$173.4b	HK$4.4b	9.4x	26x	0.7x
Sun, 08 Sep 2024	HK$100.2b	HK$173.4b	HK$4.5b	8.6x	22.5x	0.6x
Tue, 06 Aug 2024	HK$101.3b	HK$169.9b	HK$4.1b	9.2x	24.8x	0.6x
Thu, 04 Jul 2024	HK$109.5b	HK$167.2b	HK$4.0b	9.9x	27.2x	0.7x
Sat, 01 Jun 2024	HK$119.6b	HK$172.6b	HK$4.3b	9.7x	27.8x	0.7x
Mon, 29 Apr 2024	HK$122.6b	HK$172.7b	HK$4.3b	10.2x	28.5x	0.7x
Wed, 27 Mar 2024	HK$112.8b	HK$164.8b	HK$2.5b	11.7x	45.3x	0.7x
Fri, 23 Feb 2024	HK$105.8b	HK$166.1b	HK$2.7b	11.1x	38.9x	0.6x
Sun, 21 Jan 2024	HK$104.7b	HK$167.7b	HK$2.8b	11x	38x	0.6x
Tue, 19 Dec 2023	HK$107.9b	HK$166.8b	HK$2.7b	11.9x	39.5x	0.6x
Thu, 16 Nov 2023	HK$112.5b	HK$164.7b	HK$2.7b	12.8x	41.7x	0.7x
Sat, 14 Oct 2023	HK$117.3b	HK$161.3b	HK$2.7b	12.7x	44x	0.7x
Mon, 11 Sep 2023	HK$119.9b	HK$161.6b	HK$2.7b	16.5x	44.6x	0.7x
Wed, 09 Aug 2023	HK$118.8b	HK$159.2b	HK$1.6b	15.2x	74x	0.7x
Fri, 07 Jul 2023	HK$110.1b	HK$158.7b	HK$1.6b	13.2x	68.8x	0.7x

Current Industry PE

Investors are pessimistic on the Hong Kong Energy Services industry, indicating that they anticipate long term growth rates will be lower than they have historically.

The industry is trading at a PE ratio of 18.6x which is lower than its 3-year average PE of 31.2x.

The industry is trading close to its 3-year average PS ratio of 0.68x.

Past Earnings Growth

The earnings for companies in the Energy Services industry have grown 52% per year over the last three years.
Revenues for these companies have grown 7.2% per year.
This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Hong Kong Energy industry?


HK Market	-3.71%
Energy	-4.35%
Energy Services	-6.73%
Oil and Gas Drilling	-6.65%
Oil and Gas Services	-6.80%

Industry PE

Investors are most optimistic about the Oil and Gas Services industry which is trading above its 3-year average PE ratio.

Analysts are expecting annual earnings growth of 13.4%, which is higher than its past year's earnings decline of 1.8% per year.

Investors are most pessimistic about the Oil and Gas Drilling industry, which is trading below its 3-year average of 18.2x.

Forecasted Growth

Analysts are most optimistic on the Oil and Gas Services industry, expecting annual earnings growth of 13% over the next 5 years.
This is better than its past earnings decline of 1.8% per year.

In contrast, the Oil and Gas Drilling industry is expected to see its earnings grow by 10% 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
1921 Dalipal Holdings	HK$3.15	9.0% +HK$411.1m	-43.4%	PE314.3x
2178 Petro-king Oilfield Services	HK$0.17	25.6% +HK$58.7m	131.9%	PE12.4x
3337 Anton Oilfield Services Group	HK$0.83	1.2% +HK$27.5m	-39.9%	PE5.3x
1251 SPT Energy Group	HK$0.26	5.4% +HK$25.4m	51.8%	PS0.3x
1623 Hilong Holding	HK$0.23	4.0% +HK$15.3m	n/a	PS0.07x

Hilong Holding Limited Announces Board and Committee Changes, Effective June 26, 2026

Hilong Holding Limited held its 2026 annual general meeting on June 26, 2026. Mr. WONG Man Chung Francis retired as an independent non-executive director of the Company to devote more time to his own personal commitment. Mr. Wong has confirmed that he has no disagreement with the Board, and there are no matters relating to his retirement that need to be brought to the attention of the shareholders of the Company or The Stock Exchange of Hong Kong Limited; and Mr. YU Chung Leung has been appointed as an independent non- executive director of the Company, both with effect from the conclusion of the AGM on 26 June 2026; and following the retirement of Mr. WONG Man Chung Francis, Mr. WONG Man Chung Francis ceased to act, and Mr. YU Chung Leung has been appointed, as the chairman of the Audit Committee, a member of the Remuneration Committee and a member of the Nomination Committee with effect from the conclusion of the AGM on 26 June 2026. Mr. Yu, aged 55, has over 30 years of experience in auditing and accounting. He holds a Master of Arts in international accounting from City University of Hong Kong. Mr. Yu is a member and an authorised supervisor of the Hong Kong Institute of Certified Public Accountants. He is a fellow member of The Association of Chartered Certified Accountants, a chartered tax adviser of The Taxation Institute of Hong Kong and a practising certified public accountant in Hong Kong. He is also a member of the Process Review Panel for the Accounting and Financial Reporting Council. Mr. Yu is a partner of Lee & Yu Certified Public Accountants. He was awarded the Chief Executive's Commendation for Community Service in 2022. Mr. Yu is currently an independent non- executive director of Oshidori International Holdings Limited, Blue River Holdings Limited, Envision Greenwise Holdings Limited and Esprit Holdings Limited, and these companies are listed on The Stock Exchange of Hong Kong Limited. Mr. Yu has been an independent non-executive director of Narnia (Hong Kong) Group Company Limited, a company listed on The Stock Exchange of Hong Kong Limited and delisted on 5 May 2025, from February 2019 to April 2025. Mr. Yu does not have any relationships with any director, senior management, substantial shareholders or controlling shareholders of the Company nor does he hold other positions in the Company or other members of the Group. Mr. Yu has signed a letter of appointment with the Company for a term of three years which is terminable by either party by giving not less than one month's prior written notice, and he would be subject to the retirement by rotation and re-election at least once every three years at the annual general meeting of the Company in accordance with the provisions of the Articles of Association of the Company. Following the retirement of Mr. Wong as an independent non-executive director of the Company, Mr. Wong ceased to act as the chairman of the audit committee of the Board ("Audit Committee"), a member of the remuneration committee of the Board ("Remuneration Committee") and a member of the nomination committee of the Board ("Nomination Committee") with effect from the conclusion of the AGM on 26 June 2026. The Board further announces that Mr. Yu has been appointed as the chairman of the Audit Committee, a member of Remuneration Committee and a member of the Nomination Committee, all with effect from the conclusion of the AGM on 26 June 2026.

Hong Kong (HSI) Energy Services Industry Analysis

Industry Valuation and Performance

Industry Trends

Top Stock Gainers and Losers

Latest News

China Oilfield Services Limited to Report First Half, 2026 Results on Aug 25, 2026

Sinopec Oilfield Service Corporation to Report First Half, 2026 Results on Aug 18, 2026

New minor risk - Share price stability

Hilong Holding Limited Announces Board and Committee Changes, Effective June 26, 2026

Less than half of directors are independent

Honghua Group Limited, Annual General Meeting, Jun 30, 2026

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

Dalipal Holdings Limited has completed a Follow-on Equity Offering in the amount of HKD 392.04 million.

Shandong Molong Petroleum Machinery Company Limited, Annual General Meeting, Jun 30, 2026

Jutal Offshore Oil Services Limited, Annual General Meeting, Jun 05, 2026

Now 21% undervalued

First half 2026 earnings released: EPS: RM0.001 (vs RM0.006 loss in 1H 2025)

Full year 2025 earnings released: CN¥0.005 loss per share (vs CN¥0.011 loss in FY 2024)

Full year 2025 earnings released: CN¥0.064 loss per share (vs CN¥0.13 loss in FY 2024)