Dongfang Electric's (HKG:1072) Weak Earnings May Only Reveal A Part Of The Whole Picture
May 08
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Hong Kong (HSI) Electrical Industry Analysis
UpdatedMay 14, 2025
DataAggregated Company Financials
Companies34
- 7D2.2%
- 3M-3.7%
- 1Y17.4%
- YTD9.5%
Over the last 7 days, the Electrical industry has risen 2.2%, and Jiangsu Zenergy Battery Technologies Group contributed the most with a gain of 4.8%. This means that the industry has gained 17% over the past year. Looking forward, earnings are forecast to grow by 27% annually.
Industry Valuation and Performance
Has the Hong Kong Electrical Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 14 May 2025 | HK$265.4b | HK$376.0b | -HK$8,511,584,021.83 | 13.8x | -31.2x | 0.7x |
| Fri, 11 Apr 2025 | HK$215.3b | HK$359.2b | -HK$8,878,963,337.51 | 9.6x | -24.2x | 0.6x |
| Sun, 09 Mar 2025 | HK$240.4b | HK$343.0b | -HK$1,704,134,604.39 | 8.3x | -141.1x | 0.7x |
| Tue, 04 Feb 2025 | HK$220.2b | HK$343.6b | -HK$1,741,771,702.66 | 7.7x | -126.4x | 0.6x |
| Thu, 02 Jan 2025 | HK$238.0b | HK$340.2b | -HK$1,749,483,629.20 | 8.3x | -136x | 0.7x |
| Sat, 30 Nov 2024 | HK$253.9b | HK$343.5b | -HK$1,690,080,596.74 | 9.7x | -150.2x | 0.7x |
| Mon, 28 Oct 2024 | HK$223.7b | HK$345.4b | -HK$1,727,958,431.09 | 9.1x | -129.4x | 0.6x |
| Wed, 25 Sep 2024 | HK$176.1b | HK$350.2b | -HK$2,125,464,224.12 | 7.7x | -82.8x | 0.5x |
| Fri, 23 Aug 2024 | HK$188.0b | HK$340.0b | -HK$651,442,237.65 | 8.5x | -288.6x | 0.6x |
| Sun, 21 Jul 2024 | HK$195.7b | HK$334.3b | -HK$629,887,744.73 | 9.2x | -310.6x | 0.6x |
| Tue, 18 Jun 2024 | HK$196.6b | HK$334.9b | -HK$629,293,128.37 | 10.1x | -312.4x | 0.6x |
| Thu, 16 May 2024 | HK$200.6b | HK$336.4b | -HK$619,951,882.68 | 9.8x | -323.6x | 0.6x |
| Sat, 13 Apr 2024 | HK$190.4b | HK$338.3b | HK$2.0b | 8.1x | 94.4x | 0.6x |
| Mon, 11 Mar 2024 | HK$186.0b | HK$337.8b | HK$1.7b | 7.5x | 109.8x | 0.6x |
| Wed, 07 Feb 2024 | HK$181.3b | HK$340.9b | HK$1.7b | 6.2x | 103.8x | 0.5x |
| Fri, 05 Jan 2024 | HK$202.8b | HK$359.7b | HK$1.9b | 7.2x | 107.8x | 0.6x |
| Sun, 03 Dec 2023 | HK$150.2b | HK$340.8b | HK$2.7b | 7.4x | 56x | 0.4x |
| Tue, 31 Oct 2023 | HK$151.0b | HK$335.3b | HK$1.6b | 9.1x | 91.7x | 0.5x |
| Thu, 28 Sep 2023 | HK$152.8b | HK$335.5b | HK$1.7b | 9.6x | 90.6x | 0.5x |
| Sat, 26 Aug 2023 | HK$156.8b | HK$326.0b | HK$476.2m | 11.3x | 329.3x | 0.5x |
| Mon, 24 Jul 2023 | HK$168.1b | HK$329.3b | HK$402.6m | 10.2x | 417.6x | 0.5x |
| Wed, 21 Jun 2023 | HK$168.3b | HK$329.1b | HK$356.6m | 10.7x | 471.8x | 0.5x |
| Fri, 19 May 2023 | HK$176.6b | HK$335.3b | HK$366.3m | 10.4x | 482.1x | 0.5x |
| Sun, 16 Apr 2023 | HK$181.3b | HK$348.8b | HK$51.3m | 10.9x | 3537.8x | 0.5x |
| Tue, 14 Mar 2023 | HK$182.0b | HK$339.7b | -HK$11,273,587,190.00 | 12.6x | -16.1x | 0.5x |
| Thu, 09 Feb 2023 | HK$184.2b | HK$344.0b | -HK$11,374,059,688.00 | 13.3x | -16.2x | 0.5x |
| Sat, 07 Jan 2023 | HK$178.2b | HK$338.7b | -HK$11,305,947,157.00 | 10.2x | -15.8x | 0.5x |
| Mon, 05 Dec 2022 | HK$175.1b | HK$329.6b | -HK$10,971,263,098.00 | 11.4x | -16x | 0.5x |
| Wed, 02 Nov 2022 | HK$242.0b | HK$337.1b | -HK$8,068,349,996.00 | 12.1x | -30x | 0.7x |
| Fri, 30 Sep 2022 | HK$237.4b | HK$342.3b | -HK$7,062,707,421.00 | 13.9x | -33.6x | 0.7x |
| Sun, 28 Aug 2022 | HK$229.0b | HK$370.2b | -HK$13,465,666,335.00 | 12.7x | -17x | 0.6x |
| Tue, 26 Jul 2022 | HK$231.0b | HK$375.5b | -HK$12,867,615,287.00 | 11.7x | -18x | 0.6x |
| Thu, 23 Jun 2022 | HK$226.7b | HK$392.9b | -HK$13,976,926,623.00 | 12.3x | -16.2x | 0.6x |
| Sat, 21 May 2022 | HK$213.0b | HK$391.4b | -HK$13,889,212,898.00 | 12.2x | -15.3x | 0.5x |
Price to Earnings Ratio
-15.3x
Current Industry PE
- Investors are optimistic on the Hong Kong Electrical industry, and appear confident in long term growth rates.
- The industry is trading close to its 3-year average PS ratio of 0.58x.
Past Earnings Growth
- The earnings for companies in the Electrical industry have improved over the last three years.
- Meanwhile revenues have remained mostly flat.
- This means that companies overall are more efficiently conducting business since losses are shrinking while sales have been flat.
Industry Trends
Which industries have driven the changes within the Hong Kong Industrials industry?
| HK Market | 2.09% | |
| Industrials | 3.34% | |
| Electrical | 2.25% | |
| Electrical Components | 3.86% | |
| Heavy Electrical Equipment | 1.54% | |
Industry PE
Forecasted Growth
- Analysts are most optimistic on the Electrical Components industry, expecting annual earnings growth of 90% over the next 5 years.
- This is better than its past earnings growth rate of 19% per year.
- In contrast, the Heavy Electrical Equipment industry is expected to see its earnings grow by 16% 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 | |
|---|---|---|---|---|---|
| 3677 Jiangsu Zenergy Battery Technologies Group | HK$9.26 | 4.8% +HK$1.1b | n/a | PE236x | |
| 666 REPT BATTERO Energy | HK$11.50 | 4.2% +HK$1.0b | -23.3% | PS1.4x | |
| 1072 Dongfang Electric | HK$12.00 | 2.6% +HK$1.0b | -0.8% | PE11.9x | |
| 1729 Time Interconnect Technology | HK$4.60 | 11.9% +HK$955.9m | 121.2% | PE19.9x | |
| 8137 Honbridge Holdings | HK$0.53 | 9.3% +HK$652.7m | 112.0% | PS61x |
