Analysis Article • May 06
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Hong Kong (HSI) Materials Sector Analysis
UpdatedMay 07, 2026
DataAggregated Company Financials
Companies139
- 7D-0.9%
- 3M-12.9%
- 1Y88.8%
- YTD-1.2%
The Materials is pretty flat in the last 7 days, but Zijin Gold International has stood out, gaining 14%. The past year has been better, since the industry has gained 89% in that time. As for the next few years, earnings are expected to grow by 23% per annum.
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 |
|---|---|---|---|---|---|---|
| Sat, 09 May 2026 | HK$2.2t | HK$2.8t | HK$92.7b | 15.5x | 23.9x | 0.8x |
| Mon, 06 Apr 2026 | HK$2.3t | HK$2.8t | HK$83.3b | 15x | 27.5x | 0.8x |
| Wed, 04 Mar 2026 | HK$2.6t | HK$2.7t | HK$98.7b | 13.9x | 26.5x | 1x |
| Fri, 30 Jan 2026 | HK$2.8t | HK$2.7t | HK$96.5b | 15.2x | 29.5x | 1.1x |
| Sun, 28 Dec 2025 | HK$2.1t | HK$2.7t | HK$95.2b | 12.5x | 22.2x | 0.8x |
| Tue, 25 Nov 2025 | HK$1.9t | HK$2.6t | HK$94.2b | 12.3x | 20x | 0.7x |
| Thu, 23 Oct 2025 | HK$1.8t | HK$2.6t | HK$85.2b | 13x | 21.1x | 0.7x |
| Sat, 20 Sep 2025 | HK$2.5t | HK$3.2t | HK$172.6b | 11.8x | 14.6x | 0.8x |
| Mon, 18 Aug 2025 | HK$2.3t | HK$3.3t | HK$160.8b | 12.4x | 14.1x | 0.7x |
| Wed, 16 Jul 2025 | HK$1.9t | HK$3.3t | HK$154.5b | 9.7x | 12.6x | 0.6x |
| Fri, 13 Jun 2025 | HK$1.9t | HK$3.3t | HK$152.9b | 10.5x | 12.3x | 0.6x |
| Sun, 11 May 2025 | HK$1.7t | HK$3.2t | HK$132.3b | 9.9x | 12.9x | 0.5x |
| Tue, 08 Apr 2025 | HK$1.5t | HK$3.2t | HK$119.3b | 9.3x | 12.6x | 0.5x |
| Thu, 06 Mar 2025 | HK$1.6t | HK$3.2t | HK$104.7b | 11x | 15.6x | 0.5x |
| Sat, 01 Feb 2025 | HK$1.6t | HK$3.2t | HK$104.6b | 12.2x | 15.2x | 0.5x |
| Mon, 30 Dec 2024 | HK$1.5t | HK$3.1t | HK$103.9b | 12.2x | 14.7x | 0.5x |
| Wed, 27 Nov 2024 | HK$1.6t | HK$3.2t | HK$105.5b | 11.3x | 14.8x | 0.5x |
| Fri, 25 Oct 2024 | HK$1.7t | HK$3.2t | HK$109.4b | 10.7x | 15.6x | 0.5x |
| Sun, 22 Sep 2024 | HK$1.5t | HK$3.3t | HK$105.2b | 10x | 14.3x | 0.5x |
| Tue, 20 Aug 2024 | HK$1.5t | HK$3.2t | HK$96.9b | 9.7x | 15.6x | 0.5x |
| Thu, 18 Jul 2024 | HK$1.6t | HK$3.2t | HK$88.5b | 10.4x | 18.6x | 0.5x |
| Sat, 15 Jun 2024 | HK$1.6t | HK$3.2t | HK$87.9b | 10.8x | 18.5x | 0.5x |
| Mon, 13 May 2024 | HK$1.7t | HK$3.2t | HK$88.2b | 12.3x | 19.6x | 0.5x |
| Wed, 10 Apr 2024 | HK$1.6t | HK$3.3t | HK$89.7b | 11.8x | 17.9x | 0.5x |
| Fri, 08 Mar 2024 | HK$1.4t | HK$3.2t | HK$74.4b | 9.4x | 19x | 0.4x |
| Sun, 04 Feb 2024 | HK$1.2t | HK$3.3t | HK$68.7b | 8.6x | 18.2x | 0.4x |
| Tue, 02 Jan 2024 | HK$1.3t | HK$3.3t | HK$69.6b | 9.7x | 19x | 0.4x |
| Thu, 30 Nov 2023 | HK$1.3t | HK$3.3t | HK$68.9b | 9.7x | 19x | 0.4x |
| Sat, 28 Oct 2023 | HK$1.3t | HK$3.2t | HK$63.7b | 9.4x | 20.9x | 0.4x |
| Mon, 25 Sep 2023 | HK$1.4t | HK$3.2t | HK$62.5b | 9.5x | 22.8x | 0.4x |
| Wed, 23 Aug 2023 | HK$1.4t | HK$3.2t | HK$81.8b | 8.5x | 16.9x | 0.4x |
| Fri, 21 Jul 2023 | HK$1.4t | HK$3.3t | HK$102.8b | 8x | 13.7x | 0.4x |
| Sun, 18 Jun 2023 | HK$1.4t | HK$3.3t | HK$103.5b | 7.8x | 13.8x | 0.4x |
| Tue, 16 May 2023 | HK$1.5t | HK$3.4t | HK$105.6b | 8.1x | 13.8x | 0.4x |
Price to Earnings Ratio
13.8x
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 23.9x which is higher than its 3-year average PE of 17.7x.
- The industry is trading close to its 3-year average PS ratio of 0.56x.
Past Earnings Growth
- The earnings for companies in the Materials industry have declined 4.3% per year over the last three years,
- Revenues have also declined 6.2% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Trends
Which industries have driven the changes within the Hong Kong Materials sector?
| HK Market | -0.53% | |
| Materials | -0.93% | |
| Packaging | 5.74% | |
| Basic Materials | 1.53% | |
| Chemicals | -0.81% | |
| Metals and Mining | -1.03% | |
| Paper and Forestry Products | -3.52% | |
Industry PE
- Investors are most optimistic about the Chemicals industry which is trading above its 3-year average PE ratio of 14.1x.
- Analysts are expecting annual earnings growth of 38.1%, which is higher than its past year's earnings growth of 13.0% per year.
Forecasted Growth
- Analysts are most optimistic on the Basic Materials industry, expecting annual earnings growth of 45% over the next 5 years.
- This is better than its past earnings decline of 9.3% per year.
- In contrast, the Paper and Forestry Products industry is expected to see its earnings grow by 15% 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$172.50 | 14.4% +HK$58.1b | n/a | PE26.3x | |
| 1208 MMG | HK$10.00 | 20.3% +HK$20.5b | 323.7% | PE30.4x | |
| 1378 China Hongqiao Group | HK$34.00 | 4.0% +HK$13.1b | 140.8% | PE12.9x | |
| 3939 Wanguo Gold Group | HK$13.27 | 19.4% +HK$9.6b | 123.0% | PE37.7x | |
| 358 Jiangxi Copper | HK$39.34 | 7.4% +HK$9.4b | 196.7% | PE14.8x |