Returns On Capital At China BlueChemical (HKG:3983) Have Stalled
Jan 07
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Hong Kong (HSI) Chemicals Industry Analysis
UpdatedJan 09, 2026
DataAggregated Company Financials
Companies38
- 7D1.7%
- 3M2.7%
- 1Y39.4%
- YTD1.0%
Over the last 7 days, the Chemicals industry has risen 1.7%, driven by gains in Huabao International Holdings and Fufeng Group of 12% and 7.4%, respectively. Meanwhile, Global New Material International Holdings actually underperformed within the industry, shrinking 18% in the last week. This means that the industry has gained 39% over the past year. Earnings are forecast to grow by 44% annually.
Industry Valuation and Performance
Has the Hong Kong Chemicals Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 09 Jan 2026 | HK$170.0b | HK$322.6b | HK$10.6b | 8.7x | 16x | 0.5x |
| Sun, 07 Dec 2025 | HK$167.7b | HK$318.4b | HK$10.5b | 8.9x | 16x | 0.5x |
| Tue, 04 Nov 2025 | HK$156.3b | HK$315.5b | HK$10.4b | 9.2x | 15x | 0.5x |
| Thu, 02 Oct 2025 | HK$160.4b | HK$319.3b | HK$10.4b | 9x | 15.4x | 0.5x |
| Sat, 30 Aug 2025 | HK$164.3b | HK$326.6b | HK$9.1b | 9x | 18.1x | 0.5x |
| Mon, 28 Jul 2025 | HK$156.0b | HK$328.5b | HK$8.9b | 9.8x | 17.5x | 0.5x |
| Wed, 25 Jun 2025 | HK$139.4b | HK$328.3b | HK$8.8b | 9.4x | 15.9x | 0.4x |
| Fri, 23 May 2025 | HK$131.8b | HK$325.2b | HK$8.6b | 9.5x | 15.3x | 0.4x |
| Sun, 20 Apr 2025 | HK$127.5b | HK$320.5b | HK$8.7b | 8.8x | 14.7x | 0.4x |
| Tue, 18 Mar 2025 | HK$135.4b | HK$329.9b | HK$8.5b | 9.3x | 15.9x | 0.4x |
| Thu, 13 Feb 2025 | HK$129.2b | HK$327.3b | HK$8.5b | 10x | 15.2x | 0.4x |
| Sat, 11 Jan 2025 | HK$123.0b | HK$326.2b | HK$8.5b | 9.2x | 14.5x | 0.4x |
| Mon, 09 Dec 2024 | HK$127.1b | HK$328.5b | HK$8.5b | 9.2x | 14.9x | 0.4x |
| Wed, 06 Nov 2024 | HK$130.5b | HK$335.0b | HK$8.4b | 9.6x | 15.5x | 0.4x |
| Fri, 04 Oct 2024 | HK$137.6b | HK$340.8b | HK$8.8b | 9.3x | 15.7x | 0.4x |
| Sun, 01 Sep 2024 | HK$118.8b | HK$339.3b | HK$8.6b | 9.6x | 13.8x | 0.4x |
| Tue, 30 Jul 2024 | HK$121.0b | HK$322.6b | HK$10.0b | 10x | 12.2x | 0.4x |
| Thu, 27 Jun 2024 | HK$127.5b | HK$322.1b | HK$9.9b | 9.8x | 12.8x | 0.4x |
| Sat, 25 May 2024 | HK$133.1b | HK$321.4b | HK$10.1b | 10.2x | 13.2x | 0.4x |
| Mon, 22 Apr 2024 | HK$123.2b | HK$323.3b | HK$10.1b | 9.2x | 12.2x | 0.4x |
| Wed, 20 Mar 2024 | HK$115.8b | HK$320.3b | HK$11.0b | 6x | 10.5x | 0.4x |
| Fri, 16 Feb 2024 | HK$109.9b | HK$318.5b | HK$11.0b | 5.6x | 10x | 0.3x |
| Sun, 14 Jan 2024 | HK$116.6b | HK$320.0b | HK$11.3b | 5.5x | 10.3x | 0.4x |
| Tue, 12 Dec 2023 | HK$113.5b | HK$316.5b | HK$11.2b | 5.1x | 10.1x | 0.4x |
| Thu, 09 Nov 2023 | HK$115.0b | HK$312.7b | HK$11.0b | 5.2x | 10.4x | 0.4x |
| Sat, 07 Oct 2023 | HK$118.2b | HK$298.5b | HK$9.0b | 5.6x | 13.1x | 0.4x |
| Mon, 04 Sep 2023 | HK$124.0b | HK$304.0b | HK$10.7b | 5.6x | 11.6x | 0.4x |
| Wed, 02 Aug 2023 | HK$133.7b | HK$311.4b | HK$13.0b | 5.1x | 10.3x | 0.4x |
| Fri, 30 Jun 2023 | HK$123.5b | HK$310.2b | HK$13.0b | 4.9x | 9.5x | 0.4x |
| Sun, 28 May 2023 | HK$135.4b | HK$316.8b | HK$13.3b | 5x | 10.2x | 0.4x |
| Tue, 25 Apr 2023 | HK$144.4b | HK$329.1b | HK$14.0b | 5.2x | 10.3x | 0.4x |
| Thu, 23 Mar 2023 | HK$146.4b | HK$341.4b | HK$15.2b | 5.4x | 9.7x | 0.4x |
| Sat, 18 Feb 2023 | HK$154.0b | HK$343.5b | HK$15.8b | 5.5x | 9.8x | 0.4x |
| Mon, 16 Jan 2023 | HK$151.9b | HK$350.1b | HK$16.1b | 5.1x | 9.5x | 0.4x |
Price to Earnings Ratio
9.5x
Current Industry PE
- Investors are optimistic on the Hong Kong Chemicals industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 16.0x which is higher than its 3-year average PE of 13.0x.
- The industry is trading close to its 3-year average PS ratio of 0.41x.
Past Earnings Growth
- The earnings for companies in the Chemicals industry have declined 13% per year over the last three years,
- Revenues have also declined 2.7% 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 | 1.60% | |
| Materials | 4.77% | |
| Chemicals | 1.67% | |
| Industrial Gases | 7.78% | |
| Diversified Chemicals | 6.29% | |
| Commodity Chemicals | 2.65% | |
| Fertilizers and Agricultural Chemicals | 0.17% | |
| Specialty Chemicals | -0.024% | |
Industry PE
- Investors are most optimistic about the Specialty Chemicals industry which is trading above its 3-year average PE ratio of 26.2x.
- Analysts are expecting annual earnings growth of 32.0%, which is higher than its past year's earnings growth of 15.9% per year.
- Investors are most pessimistic about the Diversified Chemicals industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 4.8x.
Forecasted Growth
- Analysts are most optimistic on the Commodity Chemicals industry, expecting annual earnings growth of 100% over the next 5 years.
- This is better than its past earnings growth rate of 23% per year.
- In contrast, the Diversified Chemicals industry is expected to see its earnings grow by 3.8% 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 | |
|---|---|---|---|---|---|
| 338 Sinopec Shanghai Petrochemical | HK$1.50 | 8.7% +HK$1.3b | 35.1% | PS0.2x | |
| 336 Huabao International Holdings | HK$4.40 | 9.7% +HK$1.3b | 115.7% | PS3.7x | |
| 546 Fufeng Group | HK$8.49 | 4.9% +HK$1.0b | 64.2% | PE6.2x | |
| 189 Dongyue Group | HK$11.36 | 4.6% +HK$866.4m | 40.9% | PE13.8x | |
| 2198 China Sanjiang Fine Chemicals | HK$3.58 | 14.4% +HK$534.2m | 122.4% | PE5.6x |
