Anhui Conch Cement (HKG:914) Could Be Struggling To Allocate Capital
Dec 20
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Hong Kong (HSI) Basic Materials Industry Analysis
UpdatedDec 22, 2024
DataAggregated Company Financials
Companies18
- 7D-5.6%
- 3M20.9%
- 1Y5.0%
- YTD2.1%
Over the last 7 days, the Basic Materials industry has dropped 5.6%, driven by Anhui Conch Cement declining 7.6%. In contrast, WS-SK Target Group has gained 63%. In the past year, the industry has gained 5.0%. Looking forward, earnings are forecast to grow by 28% annually.
Industry Valuation and Performance
Has the Hong Kong Basic Materials Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 22 Dec 2024 | HK$207.3b | HK$501.2b | HK$5.9b | 32.9x | 35.3x | 0.4x |
| Tue, 19 Nov 2024 | HK$217.8b | HK$499.6b | HK$6.8b | 31.3x | 32.2x | 0.4x |
| Thu, 17 Oct 2024 | HK$212.1b | HK$518.3b | HK$5.7b | 48.6x | 37x | 0.4x |
| Sat, 14 Sep 2024 | HK$163.2b | HK$521.8b | HK$5.8b | 36x | 28.3x | 0.3x |
| Mon, 12 Aug 2024 | HK$188.0b | HK$534.8b | HK$11.9b | 12.7x | 15.8x | 0.4x |
| Wed, 10 Jul 2024 | HK$194.8b | HK$531.2b | HK$12.5b | 12.8x | 15.6x | 0.4x |
| Fri, 07 Jun 2024 | HK$195.4b | HK$541.6b | HK$11.9b | 13.2x | 16.5x | 0.4x |
| Sun, 05 May 2024 | HK$190.9b | HK$550.0b | HK$12.8b | 13.8x | 14.9x | 0.3x |
| Tue, 02 Apr 2024 | HK$196.9b | HK$564.0b | HK$14.5b | 12.3x | 13.5x | 0.3x |
| Thu, 29 Feb 2024 | HK$209.9b | HK$576.5b | HK$17.5b | 14.3x | 12x | 0.4x |
| Sat, 27 Jan 2024 | HK$202.7b | HK$580.7b | HK$17.7b | 11.6x | 11.5x | 0.3x |
| Mon, 25 Dec 2023 | HK$202.9b | HK$580.6b | HK$17.7b | 14.4x | 11.5x | 0.3x |
| Wed, 22 Nov 2023 | HK$223.1b | HK$579.1b | HK$17.6b | 13.3x | 12.7x | 0.4x |
| Fri, 20 Oct 2023 | HK$221.2b | HK$574.6b | HK$19.4b | 10.4x | 11.4x | 0.4x |
| Sun, 17 Sep 2023 | HK$248.6b | HK$577.8b | HK$19.5b | 11.6x | 12.7x | 0.4x |
| Tue, 15 Aug 2023 | HK$258.7b | HK$589.7b | HK$24.4b | 11.4x | 10.6x | 0.4x |
| Thu, 13 Jul 2023 | HK$246.0b | HK$597.5b | HK$25.4b | 9.4x | 9.7x | 0.4x |
| Sat, 10 Jun 2023 | HK$271.6b | HK$603.4b | HK$25.7b | 11x | 10.6x | 0.5x |
| Mon, 08 May 2023 | HK$291.3b | HK$622.3b | HK$26.5b | 11.6x | 11x | 0.5x |
| Wed, 05 Apr 2023 | HK$313.4b | HK$626.5b | HK$33.5b | 10.3x | 9.3x | 0.5x |
| Fri, 03 Mar 2023 | HK$349.0b | HK$669.7b | HK$49.4b | 6.7x | 7.1x | 0.5x |
| Sun, 29 Jan 2023 | HK$342.5b | HK$679.2b | HK$50.1b | 6.4x | 6.8x | 0.5x |
| Tue, 27 Dec 2022 | HK$312.3b | HK$660.6b | HK$48.7b | 6.2x | 6.4x | 0.5x |
| Thu, 24 Nov 2022 | HK$298.1b | HK$646.0b | HK$47.7b | 6.1x | 6.2x | 0.5x |
| Sat, 22 Oct 2022 | HK$289.7b | HK$678.4b | HK$59.4b | 4.5x | 4.9x | 0.4x |
| Mon, 19 Sep 2022 | HK$338.6b | HK$697.8b | HK$61.1b | 5.3x | 5.5x | 0.5x |
| Wed, 17 Aug 2022 | HK$362.3b | HK$754.8b | HK$71.6b | 5.8x | 5.1x | 0.5x |
| Fri, 15 Jul 2022 | HK$384.4b | HK$764.7b | HK$74.9b | 5x | 5.1x | 0.5x |
| Sun, 12 Jun 2022 | HK$394.3b | HK$766.2b | HK$74.9b | 5.1x | 5.3x | 0.5x |
| Tue, 10 May 2022 | HK$443.0b | HK$770.8b | HK$75.4b | 5.9x | 5.9x | 0.6x |
| Thu, 07 Apr 2022 | HK$483.0b | HK$816.7b | HK$80.5b | 6.2x | 6x | 0.6x |
| Sat, 05 Mar 2022 | HK$466.9b | HK$821.9b | HK$80.8b | 6.1x | 5.8x | 0.6x |
| Mon, 31 Jan 2022 | HK$455.0b | HK$814.6b | HK$80.2b | 6.1x | 5.7x | 0.6x |
| Wed, 29 Dec 2021 | HK$454.7b | HK$814.2b | HK$80.1b | 5.7x | 5.7x | 0.6x |
Price to Earnings Ratio
5.7x
Current Industry PE
- Investors are optimistic on the Hong Kong Basic Materials industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 35.3x which is higher than its 3-year average PE of 11.8x.
- The industry is trading close to its 3-year average PS ratio of 0.44x.
Past Earnings Growth
- The earnings for companies in the Basic Materials industry have declined 58% per year over the last three years,
- Revenues have also declined 15% 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 industry?
| HK Market | -0.53% | |
| Materials | -4.46% | |
| Basic Materials | -5.59% | |
| Construction Materials | -5.59% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 8427 WS-SK Target Group | HK$16.44 | 62.8% +HK$103.7m | 1,422.2% | PE1443.2x | |
| 2233 West China Cement | HK$1.74 | 0.6% +HK$54.5m | 159.7% | PE32.3x | |
| 6193 Tailam Tech Construction Holdings | HK$0.22 | 33.3% +HK$22.0m | -47.6% | PS0.4x | |
| 1323 Huasheng International Holding | HK$0.24 | 0.4% +HK$755.7k | 78.8% | PS0.4x |
