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Dec 04
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Hong Kong (HSI) Materials Sector Analysis
UpdatedDec 04, 2025
DataAggregated Company Financials
Companies138
- 7D7.3%
- 3M26.3%
- 1Y107.2%
- YTD82.8%
Over the last 7 days, the Materials industry has risen 5.0%, driven by gains from China Hongqiao Group of 10%. Meanwhile, Shougang Fushan Resources Group actually underperformed within the industry, shrinking 5.9% in the last week. This means that the industry has gained 106% over the past year. Looking forward, earnings are forecast to grow by 25% annually.
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, 05 Dec 2025 | HK$2.0t | HK$2.6t | HK$94.7b | 12.4x | 21.5x | 0.8x |
| Sun, 02 Nov 2025 | HK$1.9t | HK$2.6t | HK$90.0b | 12.6x | 20.6x | 0.7x |
| Tue, 30 Sep 2025 | HK$2.6t | HK$3.1t | HK$141.5b | 12.1x | 18.3x | 0.8x |
| Thu, 28 Aug 2025 | HK$2.3t | HK$3.3t | HK$168.0b | 11.8x | 13.9x | 0.7x |
| Sat, 26 Jul 2025 | HK$2.1t | HK$3.3t | HK$154.4b | 11x | 13.6x | 0.6x |
| Mon, 23 Jun 2025 | HK$1.8t | HK$3.3t | HK$154.6b | 9.5x | 11.8x | 0.6x |
| Wed, 21 May 2025 | HK$1.7t | HK$3.2t | HK$133.1b | 9.6x | 12.9x | 0.5x |
| Fri, 18 Apr 2025 | HK$1.7t | HK$3.2t | HK$123.5b | 10.4x | 13.5x | 0.5x |
| Sun, 16 Mar 2025 | HK$1.7t | HK$3.2t | HK$112.7b | 12.5x | 15.5x | 0.5x |
| Tue, 11 Feb 2025 | HK$1.6t | HK$3.1t | HK$103.8b | 11.5x | 15.8x | 0.5x |
| Thu, 09 Jan 2025 | HK$1.5t | HK$3.1t | HK$103.8b | 12.4x | 14.7x | 0.5x |
| Sat, 07 Dec 2024 | HK$1.6t | HK$3.2t | HK$105.4b | 11.6x | 15.1x | 0.5x |
| Mon, 04 Nov 2024 | HK$1.7t | HK$3.2t | HK$107.0b | 10.9x | 15.8x | 0.5x |
| Wed, 02 Oct 2024 | HK$1.8t | HK$3.3t | HK$107.0b | 10.8x | 16.6x | 0.5x |
| Fri, 30 Aug 2024 | HK$1.5t | HK$3.2t | HK$99.3b | 10.1x | 15x | 0.5x |
| Sun, 28 Jul 2024 | HK$1.5t | HK$3.2t | HK$88.6b | 10.1x | 16.8x | 0.5x |
| Tue, 25 Jun 2024 | HK$1.6t | HK$3.2t | HK$87.7b | 11x | 18.5x | 0.5x |
| Thu, 23 May 2024 | HK$1.7t | HK$3.2t | HK$88.0b | 12.3x | 19.8x | 0.5x |
| Sat, 20 Apr 2024 | HK$1.7t | HK$3.3t | HK$90.1b | 11.7x | 18.6x | 0.5x |
| Mon, 18 Mar 2024 | HK$1.5t | HK$3.3t | HK$77.5b | 9.3x | 19.4x | 0.5x |
| Wed, 14 Feb 2024 | HK$1.3t | HK$3.2t | HK$72.6b | 8.9x | 17.6x | 0.4x |
| Fri, 12 Jan 2024 | HK$1.3t | HK$3.3t | HK$68.9b | 9.4x | 18.7x | 0.4x |
| Sun, 10 Dec 2023 | HK$1.2t | HK$3.3t | HK$68.6b | 8.9x | 18.2x | 0.4x |
| Tue, 07 Nov 2023 | HK$1.3t | HK$3.2t | HK$67.9b | 9.7x | 19.5x | 0.4x |
| Thu, 05 Oct 2023 | HK$1.4t | HK$3.2t | HK$60.9b | 9.2x | 22.7x | 0.4x |
| Sat, 02 Sep 2023 | HK$1.4t | HK$3.2t | HK$64.5b | 8.8x | 21.8x | 0.4x |
| Mon, 31 Jul 2023 | HK$1.5t | HK$3.3t | HK$102.7b | 7.9x | 14.3x | 0.4x |
| Wed, 28 Jun 2023 | HK$1.4t | HK$3.3t | HK$102.4b | 7.7x | 13.2x | 0.4x |
| Fri, 26 May 2023 | HK$1.4t | HK$3.4t | HK$104.3b | 7.7x | 13.1x | 0.4x |
| Sun, 23 Apr 2023 | HK$1.6t | HK$3.4t | HK$120.6b | 7.9x | 13.4x | 0.5x |
| Tue, 21 Mar 2023 | HK$1.5t | HK$3.5t | HK$148.3b | 7.2x | 10.3x | 0.4x |
| Thu, 16 Feb 2023 | HK$1.6t | HK$3.5t | HK$170.8b | 7x | 9.2x | 0.4x |
| Sat, 14 Jan 2023 | HK$1.5t | HK$3.6t | HK$172.3b | 7x | 9x | 0.4x |
| Mon, 12 Dec 2022 | HK$1.5t | HK$3.5t | HK$170.4b | 6.6x | 8.7x | 0.4x |
Price to Earnings Ratio
8.7x
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 21.2x which is higher than its 3-year average PE of 15.7x.
- The industry is trading close to its 3-year average PS ratio of 0.50x.
Past Earnings Growth
- The earnings for companies in the Materials industry have declined 18% per year over the last three years,
- Revenues have also declined 8.9% 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 | -0.67% | |
| Materials | 7.33% | |
| Metals and Mining | 7.98% | |
| Chemicals | 5.82% | |
| Paper and Forestry Products | 4.53% | |
| Basic Materials | 1.17% | |
| Packaging | -0.013% | |
Industry PE
- Investors are most optimistic about the Metals and Mining industry which is trading above its 3-year average PE ratio of 16.7x.
- Analysts are expecting annual earnings growth of 24.5%, which is lower than the prior year's growth of 39.4% 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 19% per year.
- In contrast, the Basic Materials 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 | |
|---|---|---|---|---|---|
| 1378 China Hongqiao Group | HK$33.00 | 7.6% +HK$23.2b | 174.1% | PE11.6x | |
| 2259 Zijin Gold International | HK$144.60 | 4.7% +HK$17.4b | n/a | PE63.2x | |
| 1208 MMG | HK$8.20 | 20.6% +HK$17.0b | 204.8% | PE26.6x | |
| 358 Jiangxi Copper | HK$34.02 | 11.4% +HK$12.0b | 167.5% | PE13.3x | |
| 2600 Aluminum Corporation of China | HK$11.10 | 5.9% +HK$10.6b | 134.2% | PE12.2x |
