Hong Kong (HSI) Materials Sector Analysis

Sector Valuation and Performance

Has the Hong Kong Materials Sector valuation changed over the past few years?

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Fri, 07 Aug 2026	HK$1.9t	HK$2.8t	HK$93.3b	13.1x	20.3x	0.7x
Sun, 05 Jul 2026	HK$1.7t	HK$2.8t	HK$92.6b	12.3x	18.2x	0.6x
Tue, 02 Jun 2026	HK$2.0t	HK$2.8t	HK$92.6b	13.6x	21.1x	0.7x
Thu, 30 Apr 2026	HK$2.2t	HK$2.8t	HK$93.1b	15.6x	23.8x	0.8x
Sat, 28 Mar 2026	HK$2.2t	HK$2.7t	HK$96.4b	12.3x	23.3x	0.8x
Mon, 23 Feb 2026	HK$2.5t	HK$2.7t	HK$97.1b	14.3x	26.1x	0.9x
Wed, 21 Jan 2026	HK$2.4t	HK$2.7t	HK$96.3b	14.8x	25.2x	0.9x
Fri, 19 Dec 2025	HK$2.0t	HK$2.6t	HK$95.0b	12x	21.1x	0.8x
Sun, 16 Nov 2025	HK$2.0t	HK$2.6t	HK$91.9b	12.6x	21.6x	0.8x
Tue, 14 Oct 2025	HK$2.3t	HK$2.8t	HK$103.5b	14x	22.1x	0.8x
Thu, 11 Sep 2025	HK$2.5t	HK$3.2t	HK$175.5b	11.1x	14.2x	0.8x
Sat, 09 Aug 2025	HK$2.2t	HK$3.2t	HK$154.3b	11.9x	14x	0.7x
Mon, 07 Jul 2025	HK$2.0t	HK$3.3t	HK$154.6b	10x	12.7x	0.6x
Wed, 04 Jun 2025	HK$1.8t	HK$3.3t	HK$153.0b	9.9x	11.5x	0.5x
Fri, 02 May 2025	HK$1.7t	HK$3.2t	HK$131.8b	10.2x	12.7x	0.5x
Sun, 30 Mar 2025	HK$1.8t	HK$3.2t	HK$125.5b	12.1x	14.1x	0.6x
Tue, 25 Feb 2025	HK$1.6t	HK$3.2t	HK$104.3b	11.7x	15.3x	0.5x
Thu, 23 Jan 2025	HK$1.6t	HK$3.2t	HK$104.8b	11.1x	15.1x	0.5x
Sat, 21 Dec 2024	HK$1.5t	HK$3.2t	HK$104.0b	11.9x	14.5x	0.5x
Mon, 18 Nov 2024	HK$1.6t	HK$3.2t	HK$105.7b	10.4x	14.9x	0.5x
Wed, 16 Oct 2024	HK$1.7t	HK$3.2t	HK$105.9b	10.6x	15.8x	0.5x
Fri, 13 Sep 2024	HK$1.4t	HK$3.2t	HK$104.4b	9.8x	13.1x	0.4x
Sun, 11 Aug 2024	HK$1.5t	HK$3.2t	HK$89.3b	9.6x	16.5x	0.5x
Tue, 09 Jul 2024	HK$1.7t	HK$3.2t	HK$88.5b	10.8x	19x	0.5x
Thu, 06 Jun 2024	HK$1.6t	HK$3.2t	HK$88.0b	11.4x	18.7x	0.5x
Sat, 04 May 2024	HK$1.7t	HK$3.2t	HK$89.0b	11.9x	18.6x	0.5x
Mon, 01 Apr 2024	HK$1.6t	HK$3.2t	HK$88.8b	11.2x	17.5x	0.5x
Wed, 28 Feb 2024	HK$1.4t	HK$3.2t	HK$72.6b	10.1x	18.7x	0.4x
Fri, 26 Jan 2024	HK$1.3t	HK$3.3t	HK$68.8b	8.6x	18.6x	0.4x
Sun, 24 Dec 2023	HK$1.3t	HK$3.3t	HK$69.1b	9.3x	18.5x	0.4x
Tue, 21 Nov 2023	HK$1.3t	HK$3.3t	HK$68.4b	9.6x	19.1x	0.4x
Thu, 19 Oct 2023	HK$1.3t	HK$3.2t	HK$60.8b	9.1x	21.7x	0.4x
Sat, 16 Sep 2023	HK$1.4t	HK$3.2t	HK$64.2b	9.4x	22.3x	0.4x
Mon, 14 Aug 2023	HK$1.4t	HK$3.3t	HK$90.0b	9x	15.8x	0.4x

Current Industry PE

Investors are optimistic on the Hong Kong Materials industry, and appear confident in long term growth rates.

The industry is trading at a PE ratio of 20.3x which is higher than its 3-year average PE of 18.3x.

The industry is trading close to its 3-year average PS ratio of 0.58x.

Past Earnings Growth

The earnings for companies in the Materials industry have remained mostly flat over the last three years.
Meanwhile revenues for these companies have declined 4.6% per year.
This means that the cost of doing business could be reducing since sales have declined but profits have remained steady.

Industry Trends

Which industries have driven the changes within the Hong Kong Materials sector?


HK Market	-1.75%
Materials	6.80%
Packaging	11.13%
Metals and Mining	7.43%
Paper and Forestry Products	4.28%
Basic Materials	3.43%
Chemicals	2.79%

Industry PE

Investors are most optimistic about the Chemicals industry which is trading above its 3-year average PE ratio of 15.2x.

Analysts are expecting annual earnings growth of 43.9%, which is higher than its past year's earnings growth of 6.6% per year.

Forecasted Growth

Analysts are most optimistic on the Chemicals industry, expecting annual earnings growth of 44% over the next 5 years.
This is better than its past earnings growth rate of 6.6% per year.

In contrast, the Paper and Forestry Products 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
2259 Zijin Gold International	HK$137.10	16.0% +HK$50.6b	n/a	PE20.9x
358 Jiangxi Copper	HK$39.82	13.2% +HK$16.0b	136.0%	PE14.8x
1208 MMG	HK$9.28	10.6% +HK$11.4b	124.2%	PE29.8x
1818 Zhaojin Mining Industry	HK$23.92	12.8% +HK$9.6b	5.7%	PE18.7x
3939 Wanguo Gold Group	HK$12.68	20.4% +HK$9.5b	44.5%	PE35.5x

Zhaojin Mining Industry Company Limited Announces Management Changes, Effective August 2, 2026

Zhaojin Mining Industry Company Limited announced that Mr. Wang Leyi, the executive director of the Company, had resigned as President with effect from August 2, 2026. Zhaojin Mining Industry Company Limited further announced that Mr. Duan Lei, the executive director of the Company, had resigned as Authorised Representative with effect from August 2, 2026. Zhaojin Mining Industry Company Limited also announced that Mr. Li Guanghui, the non-executive director of the Company, had been re-designated as the executive director of the Company and was appointed as President and Authorised Representative with effect from August 2, 2026. Mr. Li Guanghui, born in January 1972, is a doctoral candidate and a senior engineer. He currently serves as the deputy general manager and chief engineer of Shandong Zhaojin Group Co. Ltd. Mr. Li has extensive experience in production and operation management in the gold industry. He has successively held positions in Zhaoyuan Luoshan Gold Mine, Shandong Anshenghua Jewelry Co. Ltd., Shandong Zhaojin Gold and Silver Refinery Company Limited, Yongxing Zhaojin Precious Metal Processing Manufacturing Co. Ltd., Zhaojin Yinlou Jewelry Co. Ltd., Zhaojin Mining Industry Company Limited, Zhaojin Non-Ferrous Mining Company Limited, and Shandong Zhaojin Group Co. Ltd. From July 2014 to February 2017, he served as the manager of Canzhuang Gold Mine of the Company; from February 2017 to November 2023, he served as the chairman and general manager of Zhaojin Non-Ferrous Mining Company Limited; from July 2020 to November 2023, he successively served as the director of mining investment and development and deputy general manager of Shandong Zhaojin Group Co. Ltd.; from November 2023 to July 31, 2026, he successively served as the deputy general manager and chief engineer of Shandong Zhaojin Group Co. Ltd., and the chairman of Zhaojin Non-Ferrous Mining Company Limited; and since January 2022, he has been a non-executive director of Zhaojin Mining Industry Company Limited. Mr. Li has won the second prize of Science and Technology Award from China Gold Association and the third prize of Innovation and Progress Award for outstanding employees in Shandong Province and other honorary awards.

Hong Kong (HSI) Materials Sector Analysis

Sector Valuation and Performance

Industry Trends

Top Stock Gainers and Losers

Latest News

Investor sentiment improves as stock rises 24%

Wanguo Gold Group Limited to Report First Half, 2026 Results on Aug 17, 2026

Investor sentiment improves as stock rises 20%

Zhaojin Mining Industry Company Limited Announces Management Changes, Effective August 2, 2026

323: Margin Pressures And H1 2026 Guidance Will Support Future Rebound Potential

Investor sentiment improves as stock rises 16%

Investor sentiment improves as stock rises 18%

Investor sentiment improves as stock rises 19%

China Resources Building Materials Technology Holdings Limited Provides Unaudited Consolidated Earnings Guidance for the Six Months Ended 30 June 2026

Sinopec Shanghai Petrochemical Company Limited Provides Earnings Guidance for the First Half Ended 30 June 2026

China Hongqiao Expects 39% Interim Net Profit Growth on Higher Aluminium Alloy Prices

Jiangxi Copper Company Limited Announces Resignation of Zheng Gaoqing from Chairman of the Board, Executive Director, Chairman of the Nomination Committee, and Chairman of the Environmental, Social and Governance Development Committee, Effective July 7, 2026

No longer forecast to breakeven

Investor sentiment deteriorates as stock falls 17%

Upcoming dividend of HK$0.069 per share

New minor risk - Dividend sustainability