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Hong Kong (HSI) Materials Sector Analysis
UpdatedMar 23, 2026
DataAggregated Company Financials
Companies140
- 7D-11.3%
- 3M4.4%
- 1Y80.2%
- YTD0.1%
Over the last 7 days, the Materials industry has dropped 11%, driven by pullbacks in China Hongqiao Group and Aluminum Corporation of China of 13% and 18%, respectively. In contrast, Add New Energy Investment Holdings Group has gained 38%. This takes the industry's 12 month performance to a gain of 80%. As for the next few years, earnings are expected to grow by 26% 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 |
|---|---|---|---|---|---|---|
| Mon, 23 Mar 2026 | HK$2.2t | HK$2.7t | HK$89.8b | 12.2x | 24.7x | 0.8x |
| Wed, 18 Feb 2026 | HK$2.6t | HK$2.7t | HK$97.1b | 14.6x | 26.3x | 0.9x |
| Fri, 16 Jan 2026 | HK$2.4t | HK$2.7t | HK$96.2b | 14.8x | 24.8x | 0.9x |
| Sun, 14 Dec 2025 | HK$2.0t | HK$2.6t | HK$94.8b | 12.3x | 21.4x | 0.8x |
| Tue, 11 Nov 2025 | HK$2.0t | HK$2.6t | HK$91.6b | 12.7x | 21.4x | 0.8x |
| Thu, 09 Oct 2025 | HK$3.1t | HK$3.2t | HK$147.3b | 14x | 21.2x | 1x |
| Sat, 06 Sep 2025 | HK$2.5t | HK$3.2t | HK$176.5b | 11.1x | 14.1x | 0.8x |
| Mon, 04 Aug 2025 | HK$2.0t | HK$3.2t | HK$153.4b | 11.1x | 13.1x | 0.6x |
| Wed, 02 Jul 2025 | HK$1.9t | HK$3.3t | HK$154.3b | 9.7x | 12.4x | 0.6x |
| Fri, 30 May 2025 | HK$1.8t | HK$3.3t | HK$152.9b | 9.6x | 11.5x | 0.5x |
| Sun, 27 Apr 2025 | HK$1.7t | HK$3.2t | HK$129.5b | 10.2x | 13x | 0.5x |
| Tue, 25 Mar 2025 | HK$1.8t | HK$3.2t | HK$116.1b | 12.9x | 15.3x | 0.6x |
| Thu, 20 Feb 2025 | HK$1.6t | HK$3.2t | HK$104.0b | 11.8x | 15.4x | 0.5x |
| Sat, 18 Jan 2025 | HK$1.6t | HK$3.1t | HK$104.0b | 11x | 15.3x | 0.5x |
| Mon, 16 Dec 2024 | HK$1.6t | HK$3.2t | HK$104.4b | 12.5x | 15.1x | 0.5x |
| Wed, 13 Nov 2024 | HK$1.6t | HK$3.2t | HK$105.6b | 10.7x | 15.4x | 0.5x |
| Fri, 11 Oct 2024 | HK$1.7t | HK$3.2t | HK$106.2b | 10.1x | 16x | 0.5x |
| Sun, 08 Sep 2024 | HK$1.4t | HK$3.2t | HK$105.2b | 9.7x | 13.5x | 0.4x |
| Tue, 06 Aug 2024 | HK$1.5t | HK$3.2t | HK$89.9b | 9.6x | 16.2x | 0.5x |
| Thu, 04 Jul 2024 | HK$1.6t | HK$3.2t | HK$87.7b | 10.9x | 18.8x | 0.5x |
| Sat, 01 Jun 2024 | HK$1.7t | HK$3.2t | HK$88.1b | 11.9x | 19.2x | 0.5x |
| Mon, 29 Apr 2024 | HK$1.7t | HK$3.2t | HK$90.0b | 11.8x | 18.7x | 0.5x |
| Wed, 27 Mar 2024 | HK$1.5t | HK$3.3t | HK$86.4b | 9.9x | 17.3x | 0.5x |
| Fri, 23 Feb 2024 | HK$1.4t | HK$3.2t | HK$72.6b | 9.4x | 18.7x | 0.4x |
| Sun, 21 Jan 2024 | HK$1.2t | HK$3.3t | HK$69.0b | 9.2x | 17.9x | 0.4x |
| Tue, 19 Dec 2023 | HK$1.2t | HK$3.3t | HK$68.8b | 8.8x | 18.1x | 0.4x |
| Thu, 16 Nov 2023 | HK$1.3t | HK$3.2t | HK$68.0b | 9.2x | 19.5x | 0.4x |
| Sat, 14 Oct 2023 | HK$1.3t | HK$3.2t | HK$60.8b | 9.1x | 22x | 0.4x |
| Mon, 11 Sep 2023 | HK$1.4t | HK$3.2t | HK$63.8b | 9x | 22.2x | 0.4x |
| Wed, 09 Aug 2023 | HK$1.5t | HK$3.3t | HK$100.0b | 8.7x | 14.7x | 0.4x |
| Fri, 07 Jul 2023 | HK$1.4t | HK$3.3t | HK$101.9b | 8.4x | 13.2x | 0.4x |
| Sun, 04 Jun 2023 | HK$1.4t | HK$3.3t | HK$104.0b | 7.6x | 13.4x | 0.4x |
| Tue, 02 May 2023 | HK$1.6t | HK$3.4t | HK$106.2b | 8.1x | 14.7x | 0.5x |
| Thu, 30 Mar 2023 | HK$1.5t | HK$3.5t | HK$125.7b | 7.2x | 12.2x | 0.4x |
Price to Earnings Ratio
12.2x
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 24.7x which is higher than its 3-year average PE of 17.2x.
- The industry is trading close to its 3-year average PS ratio of 0.55x.
Past Earnings Growth
- The earnings for companies in the Materials industry have declined 11% per year over the last three years,
- Revenues have also declined 7.8% 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 | -0.89% | |
| Materials | -11.31% | |
| Packaging | 2.12% | |
| Paper and Forestry Products | -6.64% | |
| Basic Materials | -6.81% | |
| Chemicals | -7.37% | |
| Metals and Mining | -12.06% | |
Industry PE
- Investors are most optimistic about the Metals and Mining industry which is trading above its 3-year average PE ratio of 18.4x.
- Analysts are expecting annual earnings growth of 25.6%, which is lower than the prior year's growth of 37.9% per year.
Forecasted Growth
- Analysts are most optimistic on the Chemicals industry, expecting annual earnings growth of 40% over the next 5 years.
- This is better than its past earnings growth rate of 22% per year.
- In contrast, the Paper and Forestry Products industry is expected to see its earnings grow by 13% 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 | |
|---|---|---|---|---|---|
| 2623 Add New Energy Investment Holdings Group | HK$5.43 | 25.7% +HK$388.8m | 836.2% | PE22.5x | |
| 1580 Da Sen Holdings Group | HK$0.42 | 34.9% +HK$120.5m | 208.0% | PS36.4x | |
| 2187 Zhixin Group Holding | HK$0.85 | -2.3% HK$112.2m | 66.7% | PS1.1x | |
| 639 Shougang Fushan Resources Group | HK$3.24 | 0.6% +HK$101.8m | 23.7% | PE15.5x | |
| 159 Brockman Mining | HK$0.089 | 11.3% +HK$83.5m | -1.1% | PB1.8x |