Metallurgical Corporation of China (HKG:1618) Might Be Having Difficulty Using Its Capital Effectively
Dec 12
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Hong Kong (HSI) Industrials Sector Analysis
UpdatedDec 13, 2025
DataAggregated Company Financials
Companies478
- 7D-1.2%
- 3M2.7%
- 1Y21.4%
- YTD23.2%
Over the last 7 days, the Industrials industry has dropped 1.2%, driven by a pullback from Metallurgical Corporation of China of 21%. In contrast, Dongfang Electric has gained 17%. This takes the industry's 12 month performance to a gain of 21%. Looking forward, earnings are forecast to grow by 15% annually.
Sector Valuation and Performance
Has the Hong Kong Industrials Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 13 Dec 2025 | HK$4.6t | HK$7.7t | HK$352.7b | 11.3x | 12.9x | 0.6x |
| Mon, 10 Nov 2025 | HK$4.6t | HK$7.6t | HK$348.8b | 11.3x | 13.1x | 0.6x |
| Wed, 08 Oct 2025 | HK$4.4t | HK$7.6t | HK$355.3b | 11.2x | 12.3x | 0.6x |
| Fri, 05 Sep 2025 | HK$4.4t | HK$7.8t | HK$354.1b | 10.6x | 12.4x | 0.6x |
| Sun, 03 Aug 2025 | HK$4.4t | HK$7.8t | HK$363.4b | 10.6x | 12.2x | 0.6x |
| Tue, 01 Jul 2025 | HK$4.2t | HK$7.8t | HK$366.6b | 9.8x | 11.5x | 0.5x |
| Thu, 29 May 2025 | HK$4.1t | HK$7.8t | HK$364.3b | 10.1x | 11.3x | 0.5x |
| Sat, 26 Apr 2025 | HK$3.8t | HK$7.7t | HK$356.3b | 9.4x | 10.7x | 0.5x |
| Mon, 24 Mar 2025 | HK$4.0t | HK$7.7t | HK$370.1b | 9.4x | 10.8x | 0.5x |
| Wed, 19 Feb 2025 | HK$3.9t | HK$7.6t | HK$372.5b | 9x | 10.5x | 0.5x |
| Fri, 17 Jan 2025 | HK$3.8t | HK$7.6t | HK$371.3b | 8.6x | 10.2x | 0.5x |
| Sun, 15 Dec 2024 | HK$4.0t | HK$7.6t | HK$373.3b | 8.7x | 10.6x | 0.5x |
| Tue, 12 Nov 2024 | HK$4.0t | HK$7.6t | HK$374.6b | 8.7x | 10.8x | 0.5x |
| Thu, 10 Oct 2024 | HK$3.9t | HK$7.7t | HK$360.3b | 8.9x | 10.8x | 0.5x |
| Sat, 07 Sep 2024 | HK$3.5t | HK$7.7t | HK$360.9b | 8.2x | 9.7x | 0.5x |
| Mon, 05 Aug 2024 | HK$3.6t | HK$7.6t | HK$360.2b | 8.1x | 10.1x | 0.5x |
| Wed, 03 Jul 2024 | HK$3.6t | HK$7.4t | HK$326.4b | 9x | 11.2x | 0.5x |
| Fri, 31 May 2024 | HK$3.8t | HK$7.5t | HK$330.9b | 8.7x | 11.4x | 0.5x |
| Sun, 28 Apr 2024 | HK$3.5t | HK$7.4t | HK$329.4b | 8.2x | 10.8x | 0.5x |
| Tue, 26 Mar 2024 | HK$3.4t | HK$7.3t | HK$328.5b | 7.7x | 10.5x | 0.5x |
| Thu, 22 Feb 2024 | HK$3.4t | HK$7.3t | HK$351.9b | 7.8x | 9.6x | 0.5x |
| Sat, 20 Jan 2024 | HK$3.2t | HK$7.4t | HK$355.0b | 7.8x | 8.9x | 0.4x |
| Mon, 18 Dec 2023 | HK$3.3t | HK$7.4t | HK$355.2b | 8.1x | 9.3x | 0.4x |
| Wed, 15 Nov 2023 | HK$3.2t | HK$7.2t | HK$348.5b | 7.8x | 9.1x | 0.4x |
| Fri, 13 Oct 2023 | HK$3.3t | HK$7.2t | HK$350.9b | 8.2x | 9.4x | 0.5x |
| Sun, 10 Sep 2023 | HK$3.3t | HK$7.2t | HK$350.2b | 8.3x | 9.5x | 0.5x |
| Tue, 08 Aug 2023 | HK$3.6t | HK$7.2t | HK$401.7b | 9.4x | 9x | 0.5x |
| Thu, 06 Jul 2023 | HK$3.6t | HK$7.2t | HK$413.2b | 9.5x | 8.8x | 0.5x |
| Sat, 03 Jun 2023 | HK$3.6t | HK$7.3t | HK$416.6b | 9.2x | 8.5x | 0.5x |
| Mon, 01 May 2023 | HK$3.9t | HK$7.4t | HK$419.9b | 9.4x | 9.2x | 0.5x |
| Wed, 29 Mar 2023 | HK$3.8t | HK$7.3t | HK$460.4b | 8.9x | 8.2x | 0.5x |
| Fri, 24 Feb 2023 | HK$3.7t | HK$7.3t | HK$471.0b | 8.7x | 7.9x | 0.5x |
| Sun, 22 Jan 2023 | HK$3.9t | HK$7.4t | HK$472.8b | 8.9x | 8.2x | 0.5x |
| Tue, 20 Dec 2022 | HK$3.6t | HK$7.2t | HK$462.4b | 8.8x | 7.7x | 0.5x |
Price to Earnings Ratio
7.7x
Current Industry PE
- Investors are optimistic on the Hong Kong Industrials industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 12.9x which is higher than its 3-year average PE of 10.2x.
- The industry is trading close to its 3-year average PS ratio of 0.50x.
Past Earnings Growth
- The earnings for companies in the Industrials industry have declined 8.6% per year over the last three years.
- Meanwhile revenues for these companies have grown 2.6% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Hong Kong Industrials sector?
| HK Market | -1.73% | |
| Industrials | -1.21% | |
| Electrical | 5.51% | |
| Aerospace & Defense | 0.29% | |
| Trade Distributors | -0.35% | |
| Professional Services | -0.68% | |
| Transportation | -1.03% | |
| Industrials | -1.27% | |
| Commercial Services | -1.32% | |
| Machinery | -1.37% | |
| Marine and Shipping | -1.70% | |
| Logistics | -1.83% | |
| Infrastructure | -1.97% | |
| Airlines | -2.48% | |
| Building | -3.18% | |
| Construction | -3.76% | |
Industry PE
- Investors are most optimistic about the Airlines industry even though it's trading below its 3-year average PE ratio of 24.7x.
- Analysts are expecting annual earnings growth of 61.7%, which is higher than its past year's earnings growth of 16.6% per year.
Forecasted Growth
- Analysts are most optimistic on the Professional Services industry, expecting annual earnings growth of 65% over the next 5 years.
- This is better than its past earnings growth rate of 7.0% per year.
- In contrast, the Marine and Shipping industry is expected to see its earnings decline by 28% 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 | |
|---|---|---|---|---|---|
| 1072 Dongfang Electric | HK$24.90 | 16.8% +HK$12.4b | 168.0% | PE23.9x | |
| 2727 Shanghai Electric Group | HK$4.38 | 6.6% +HK$4.2b | 49.5% | PE73.8x | |
| 2338 Weichai Power | HK$20.30 | 1.6% +HK$2.7b | 76.2% | PE13.3x | |
| 1133 Harbin Electric | HK$15.87 | 7.2% +HK$2.4b | 527.3% | PE14.5x | |
| 1308 SITC International Holdings | HK$27.98 | 3.2% +HK$2.4b | 34.5% | PE7.4x |
