Revenues Tell The Story For Grand Ocean Advanced Resources Company Limited (HKG:65) As Its Stock Soars 33%
Apr 21
Hong Kong (HSI) Oil and Gas Industry Analysis
UpdatedApr 24, 2024
DataAggregated Company Financials
Companies37
- 7D-2.8%
- 3M25.7%
- 1Y23.2%
- YTD27.0%
The Oil and Gas industry is up 1.3% in the last week, with China Petroleum & Chemical up 3.3%. This means that the industry has gained 27% over the past year. As for the next few years, earnings are forecast to decline by 1.0% per annum.
Industry Valuation and Performance
Has the Hong Kong Oil and Gas Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 24 Apr 2024 | HK$5.0t | HK$8.0t | HK$487.1b | 6.1x | 10.2x | 0.6x |
| Fri, 22 Mar 2024 | HK$4.7t | HK$8.3t | HK$504.0b | 5.9x | 9.3x | 0.6x |
| Sun, 18 Feb 2024 | HK$4.3t | HK$8.3t | HK$499.5b | 6.2x | 8.6x | 0.5x |
| Tue, 16 Jan 2024 | HK$3.9t | HK$8.4t | HK$499.7b | 6.3x | 7.8x | 0.5x |
| Thu, 14 Dec 2023 | HK$3.6t | HK$8.3t | HK$498.9b | 5.7x | 7.2x | 0.4x |
| Sat, 11 Nov 2023 | HK$3.6t | HK$8.2t | HK$493.1b | 6.5x | 7.4x | 0.4x |
| Mon, 09 Oct 2023 | HK$3.9t | HK$8.2t | HK$494.8b | 6.5x | 7.9x | 0.5x |
| Wed, 06 Sep 2023 | HK$4.0t | HK$8.3t | HK$494.9b | 6.5x | 8x | 0.5x |
| Fri, 04 Aug 2023 | HK$3.7t | HK$8.5t | HK$532.5b | 6.2x | 7x | 0.4x |
| Sun, 02 Jul 2023 | HK$3.8t | HK$8.5t | HK$528.4b | 6.2x | 7.1x | 0.4x |
| Tue, 30 May 2023 | HK$3.9t | HK$8.7t | HK$540.4b | 6.4x | 7.3x | 0.5x |
| Thu, 27 Apr 2023 | HK$4.0t | HK$8.9t | HK$553.2b | 6.1x | 7.2x | 0.4x |
| Sat, 25 Mar 2023 | HK$3.5t | HK$8.7t | HK$524.1b | 5.5x | 6.6x | 0.4x |
| Mon, 20 Feb 2023 | HK$3.2t | HK$8.8t | HK$528.3b | 5.5x | 6.1x | 0.4x |
| Wed, 18 Jan 2023 | HK$3.2t | HK$8.9t | HK$534.5b | 5.8x | 6x | 0.4x |
| Fri, 16 Dec 2022 | HK$3.1t | HK$8.6t | HK$516.4b | 5.5x | 6x | 0.4x |
| Sun, 13 Nov 2022 | HK$3.1t | HK$8.5t | HK$510.5b | 5.5x | 6.1x | 0.4x |
| Tue, 11 Oct 2022 | HK$3.2t | HK$8.1t | HK$470.2b | 5x | 6.9x | 0.4x |
| Thu, 08 Sep 2022 | HK$3.5t | HK$8.3t | HK$482.4b | 5.7x | 7.2x | 0.4x |
| Sat, 06 Aug 2022 | HK$3.1t | HK$8.1t | HK$426.4b | 5.5x | 7.2x | 0.4x |
| Mon, 04 Jul 2022 | HK$3.3t | HK$8.1t | HK$429.4b | 6x | 7.7x | 0.4x |
| Wed, 01 Jun 2022 | HK$3.6t | HK$8.2t | HK$431.7b | 6.3x | 8.3x | 0.4x |
| Fri, 29 Apr 2022 | HK$3.3t | HK$8.0t | HK$390.4b | 7.4x | 8.5x | 0.4x |
| Sun, 27 Mar 2022 | HK$3.1t | HK$7.3t | HK$336.3b | 7.4x | 9.1x | 0.4x |
| Tue, 22 Feb 2022 | HK$3.3t | HK$7.3t | HK$337.8b | 7.7x | 9.7x | 0.5x |
| Thu, 20 Jan 2022 | HK$3.1t | HK$7.2t | HK$336.0b | 7.2x | 9.3x | 0.4x |
| Sat, 18 Dec 2021 | HK$2.9t | HK$7.2t | HK$335.7b | 6.2x | 8.6x | 0.4x |
| Mon, 15 Nov 2021 | HK$2.7t | HK$7.2t | HK$335.0b | 6.3x | 8.2x | 0.4x |
| Wed, 13 Oct 2021 | HK$3.2t | HK$6.6t | HK$372.9b | 9.4x | 8.6x | 0.5x |
| Fri, 10 Sep 2021 | HK$3.0t | HK$6.6t | HK$371.8b | 10.8x | 8.1x | 0.5x |
| Sun, 08 Aug 2021 | HK$2.6t | HK$6.6t | HK$372.7b | 8.5x | 6.9x | 0.4x |
| Sat, 01 May 2021 | HK$2.6t | HK$5.9t | HK$272.0b | 8.8x | 9.5x | 0.4x |
Price to Earnings Ratio
9.5x
Current Industry PE
- Investors are optimistic on the Hong Kong Oil and Gas industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 10.6x which is higher than its 3-year average PE of 7.8x.
- The industry is trading close to its 3-year average PS ratio of 0.43x.
Past Earnings Growth
- The earnings for companies in the Oil and Gas industry have grown 21% per year over the last three years.
- Revenues for these companies have grown 11% 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 | 2.33% | |
| Energy | -2.73% | |
| Oil and Gas | -2.79% | |
| Oil and Gas Refining and Marketing | 2.10% | |
| Oil and Gas Storage and Transportation | -1.58% | |
| Integrated Oil and Gas | -1.91% | |
| Oil and Gas Exploration and Production | -3.09% | |
| Coal and Fuels | -4.72% | |
Industry PE
- Investors are most optimistic about the Oil and Gas Storage and Transportation industry which is trading above its 3-year average PE ratio.
- Analysts are expecting annual earnings growth of 22.3%, which is lower than the prior year's growth of 97.6% per year.
- Investors are most pessimistic about the Oil and Gas Exploration and Production industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 5.6x.
Forecasted Growth
- Analysts are most optimistic on the Oil and Gas Storage and Transportation industry, expecting annual earnings growth of 22% over the next 5 years.
- However this is lower than its past earnings growth rate of 98% per year.
- In contrast, the Integrated Oil and Gas industry is expected to see its earnings decline by 2.6% 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 | |
|---|---|---|---|---|---|
| 386 China Petroleum & Chemical | HK$4.71 | 3.3% +HK$18.3b | -7.6% | PE9.1x | |
| 65 Grand Ocean Advanced Resources | HK$0.53 | 17.8% +HK$163.7m | 73.8% | PS5.8x | |
| 934 Sinopec Kantons Holdings | HK$3.84 | 1.6% +HK$149.2m | 32.9% | PE7.4x | |
| 866 China Qinfa Group | HK$0.61 | 8.9% +HK$124.7m | 196.1% | PE7.2x | |
| 1164 CGN Mining | HK$2.00 | 0.5% +HK$76.0m | 143.9% | PE30.6x |
