Shandong Molong Petroleum Machinery Company Limited's (HKG:568) Shares Climb 186% But Its Business Is Yet to Catch Up
May 08
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Hong Kong (HSI) Energy Services Industry Analysis
UpdatedMay 14, 2025
DataAggregated Company Financials
Companies15
- 7D-1.9%
- 3M-6.1%
- 1Y-11.3%
- YTD-6.7%
The Energy Services industry is up 1.9% in the last week, with China Oilfield Services up 1.7%. Meanwhile, Shandong Molong Petroleum Machinery actually underperformed within the industry, shrinking 43% in the last week. In contrast, the industry has lost 9.8% in the last 12 months. As for the next few years, earnings are expected to grow by 28% per annum.
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 |
|---|---|---|---|---|---|---|
| Wed, 14 May 2025 | HK$108.6b | HK$173.9b | HK$4.9b | 9.3x | 22.3x | 0.6x |
| Fri, 11 Apr 2025 | HK$104.4b | HK$170.1b | HK$4.7b | 10.6x | 22.3x | 0.6x |
| Sun, 09 Mar 2025 | HK$111.7b | HK$169.6b | HK$4.4b | 10.6x | 25.7x | 0.7x |
| Tue, 04 Feb 2025 | HK$117.7b | HK$169.9b | HK$4.4b | 9.6x | 27x | 0.7x |
| Thu, 02 Jan 2025 | HK$117.2b | HK$168.1b | HK$4.3b | 9.6x | 27.2x | 0.7x |
| Sat, 30 Nov 2024 | HK$113.7b | HK$169.8b | HK$4.3b | 8.7x | 26.1x | 0.7x |
| Mon, 28 Oct 2024 | HK$111.7b | HK$171.6b | HK$4.5b | 8.9x | 24.7x | 0.7x |
| Wed, 25 Sep 2024 | HK$100.1b | HK$174.5b | HK$4.5b | 8x | 22.3x | 0.6x |
| Fri, 23 Aug 2024 | HK$102.1b | HK$169.1b | HK$4.2b | 8.9x | 24.4x | 0.6x |
| Sun, 21 Jul 2024 | HK$105.6b | HK$167.3b | HK$4.0b | 9.5x | 26.2x | 0.6x |
| Tue, 18 Jun 2024 | HK$110.7b | HK$172.1b | HK$4.3b | 9.5x | 25.8x | 0.6x |
| Thu, 16 May 2024 | HK$122.2b | HK$172.8b | HK$4.3b | 9.6x | 28.4x | 0.7x |
| Sat, 13 Apr 2024 | HK$124.7b | HK$170.8b | HK$3.7b | 9.8x | 33.7x | 0.7x |
| Mon, 11 Mar 2024 | HK$108.2b | HK$165.8b | HK$2.7b | 10.9x | 40.1x | 0.7x |
| Wed, 07 Feb 2024 | HK$102.4b | HK$168.0b | HK$2.7b | 10.9x | 37.2x | 0.6x |
| Fri, 05 Jan 2024 | HK$110.4b | HK$166.7b | HK$2.7b | 12x | 40.5x | 0.7x |
| Sun, 03 Dec 2023 | HK$111.8b | HK$167.1b | HK$2.7b | 12.2x | 40.9x | 0.7x |
| Tue, 31 Oct 2023 | HK$116.1b | HK$163.7b | HK$2.7b | 12.2x | 43.4x | 0.7x |
| Thu, 28 Sep 2023 | HK$120.6b | HK$161.9b | HK$2.7b | 16.1x | 44.8x | 0.7x |
| Sat, 26 Aug 2023 | HK$113.9b | HK$160.2b | HK$1.9b | 15.5x | 59.6x | 0.7x |
| Mon, 24 Jul 2023 | HK$114.1b | HK$160.0b | HK$1.6b | 14.2x | 70.8x | 0.7x |
| Wed, 21 Jun 2023 | HK$105.7b | HK$160.3b | HK$1.6b | 12.6x | 65.5x | 0.7x |
| Fri, 19 May 2023 | HK$117.1b | HK$163.7b | HK$1.6b | 13.7x | 71.2x | 0.7x |
| Sun, 16 Apr 2023 | HK$124.2b | HK$163.4b | HK$1.5b | 13.1x | 82.3x | 0.8x |
| Tue, 14 Mar 2023 | HK$124.6b | HK$160.7b | -HK$1,095,059,851.00 | 22.8x | -113.8x | 0.8x |
| Thu, 09 Feb 2023 | HK$122.9b | HK$162.9b | -HK$1,106,228,778.00 | 21.9x | -111.1x | 0.8x |
| Sat, 07 Jan 2023 | HK$122.0b | HK$160.8b | -HK$1,092,410,895.00 | 22.2x | -111.7x | 0.8x |
| Mon, 05 Dec 2022 | HK$123.3b | HK$156.3b | -HK$1,061,013,067.00 | 22x | -116.2x | 0.8x |
| Wed, 02 Nov 2022 | HK$119.9b | HK$151.5b | -HK$1,029,258,330.00 | 23.2x | -116.5x | 0.8x |
| Fri, 30 Sep 2022 | HK$104.4b | HK$149.1b | -HK$1,455,648,396.00 | 23.5x | -71.7x | 0.7x |
| Sun, 28 Aug 2022 | HK$114.7b | HK$156.4b | -HK$683,253,331.00 | 45.1x | -167.9x | 0.7x |
| Tue, 26 Jul 2022 | HK$106.9b | HK$155.5b | -HK$843,806,531.00 | 46.3x | -126.7x | 0.7x |
| Thu, 23 Jun 2022 | HK$110.8b | HK$157.0b | -HK$852,057,979.00 | 46.2x | -130x | 0.7x |
| Sat, 21 May 2022 | HK$108.0b | HK$156.4b | -HK$848,793,748.00 | 40.1x | -127.3x | 0.7x |
Price to Earnings Ratio
-127.3x
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 22.2x which is higher than its 3-year average PE of -3.6x.
- The industry is trading close to its 3-year average PS ratio of 0.70x.
Past Earnings Growth
- Total earnings for the Energy Services industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 3.7% per year.
- This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.
Industry Trends
Which industries have driven the changes within the Hong Kong Energy industry?
| HK Market | 2.09% | |
| Energy | 4.41% | |
| Energy Services | -1.94% | |
| Oil and Gas Drilling | 1.65% | |
| Oil and Gas Services | -5.29% | |
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 43.8%, which is higher than its past year's earnings growth of 5.8% per year.
- Investors are most pessimistic about the Oil and Gas Drilling industry, which is trading below its 3-year average of 41.1x.
Forecasted Growth
- Analysts are most optimistic on the Oil and Gas Services industry, expecting annual earnings growth of 44% over the next 5 years.
- This is better than its past earnings growth rate of 5.8% per year.
- In contrast, the Oil and Gas Drilling industry is expected to see its earnings grow by 14% 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 | |
|---|---|---|---|---|---|
| 2883 China Oilfield Services | HK$6.16 | 1.7% +HK$477.2m | -29.4% | PE8x | |
| 1033 Sinopec Oilfield Service | HK$0.63 | 3.3% +HK$379.2m | 8.6% | PE16.4x | |
| 206 CM Energy Tech | HK$0.24 | 9.5% +HK$68.1m | 7.5% | PE11x | |
| 3303 Jutal Offshore Oil Services | HK$0.67 | 3.1% +HK$42.6m | -9.5% | PE7.1x | |
| 196 Honghua Group | HK$0.15 | 2.8% +HK$35.7m | 65.2% | PE159.9x |
