Hong Kong (HSI) Chemicals Industry Analysis

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
Wed, 08 Jul 2026	HK$176.1b	HK$325.2b	HK$7.3b	11.4x	24.2x	0.5x
Fri, 05 Jun 2026	HK$193.8b	HK$324.7b	HK$7.2b	11x	26.9x	0.6x
Sun, 03 May 2026	HK$180.1b	HK$321.6b	HK$7.4b	11.6x	24.3x	0.6x
Tue, 31 Mar 2026	HK$178.8b	HK$320.2b	HK$6.8b	9.5x	26.4x	0.6x
Thu, 26 Feb 2026	HK$192.8b	HK$328.9b	HK$10.8b	10.3x	17.8x	0.6x
Sat, 24 Jan 2026	HK$179.6b	HK$323.7b	HK$10.7b	9.4x	16.8x	0.6x
Mon, 22 Dec 2025	HK$163.2b	HK$319.6b	HK$10.5b	8.9x	15.5x	0.5x
Wed, 19 Nov 2025	HK$159.4b	HK$316.5b	HK$10.4b	9.4x	15.3x	0.5x
Fri, 17 Oct 2025	HK$159.6b	HK$318.7b	HK$10.4b	9.5x	15.4x	0.5x
Sun, 14 Sep 2025	HK$164.6b	HK$319.0b	HK$10.4b	8.5x	15.9x	0.5x
Tue, 12 Aug 2025	HK$157.0b	HK$328.5b	HK$8.9b	9x	17.7x	0.5x
Thu, 10 Jul 2025	HK$141.8b	HK$328.0b	HK$8.9b	9.6x	16x	0.4x
Sat, 07 Jun 2025	HK$135.4b	HK$327.2b	HK$8.7b	9.6x	15.6x	0.4x
Mon, 05 May 2025	HK$128.5b	HK$319.3b	HK$8.5b	9.1x	15.1x	0.4x
Wed, 02 Apr 2025	HK$134.6b	HK$322.6b	HK$8.6b	8.8x	15.7x	0.4x
Fri, 28 Feb 2025	HK$129.3b	HK$328.5b	HK$8.5b	9.7x	15.1x	0.4x
Sun, 26 Jan 2025	HK$126.0b	HK$330.0b	HK$8.6b	10.1x	14.7x	0.4x
Tue, 24 Dec 2024	HK$126.2b	HK$326.9b	HK$8.5b	9.3x	14.8x	0.4x
Thu, 21 Nov 2024	HK$126.2b	HK$329.2b	HK$8.3b	9.4x	15.3x	0.4x
Sat, 19 Oct 2024	HK$131.4b	HK$337.7b	HK$8.7b	9.3x	15.1x	0.4x
Mon, 16 Sep 2024	HK$113.1b	HK$339.2b	HK$8.7b	8.4x	13x	0.3x
Wed, 14 Aug 2024	HK$118.4b	HK$325.7b	HK$10.2b	9.4x	11.6x	0.4x
Fri, 12 Jul 2024	HK$125.8b	HK$322.2b	HK$9.9b	10.3x	12.6x	0.4x
Sun, 09 Jun 2024	HK$130.3b	HK$321.2b	HK$10.1b	10.5x	12.9x	0.4x
Tue, 07 May 2024	HK$131.9b	HK$322.6b	HK$10.1b	10.3x	13.1x	0.4x
Thu, 04 Apr 2024	HK$119.0b	HK$323.3b	HK$9.5b	8.5x	12.5x	0.4x
Sat, 02 Mar 2024	HK$117.2b	HK$315.6b	HK$10.9b	5.8x	10.8x	0.4x
Mon, 29 Jan 2024	HK$114.0b	HK$320.5b	HK$11.3b	5.6x	10x	0.4x
Wed, 27 Dec 2023	HK$113.7b	HK$321.0b	HK$11.4b	5.3x	10x	0.4x
Fri, 24 Nov 2023	HK$116.6b	HK$317.8b	HK$11.2b	5.2x	10.4x	0.4x
Sun, 22 Oct 2023	HK$113.2b	HK$297.7b	HK$9.0b	5.2x	12.5x	0.4x
Tue, 19 Sep 2023	HK$120.9b	HK$298.5b	HK$9.1b	5.6x	13.3x	0.4x
Thu, 17 Aug 2023	HK$123.3b	HK$306.2b	HK$12.1b	5.2x	10.2x	0.4x
Sat, 15 Jul 2023	HK$131.8b	HK$313.4b	HK$13.1b	5.2x	10x	0.4x

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 24.9x which is higher than its 3-year average PE of 14.9x.

The industry is trading close to its 3-year average PS ratio of 0.43x.

Past Earnings Growth

The earnings for companies in the Chemicals industry have declined 18% per year over the last three years.
Meanwhile revenues have remained mostly flat.
This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

Which industries have driven the changes within the Hong Kong Materials industry?


HK Market	1.04%
Materials	4.16%
Chemicals	-4.08%
Diversified Chemicals	7.88%
Fertilizers and Agricultural Chemicals	-1.46%
Specialty Chemicals	-4.99%
Commodity Chemicals	-6.90%
Industrial Gases	-16.67%

Industry PE

Investors are most optimistic about the Commodity Chemicals industry which is trading above its 3-year average PE ratio of 26.4x.

Analysts are expecting annual earnings growth of 88.6%, which is higher than its past year's earnings growth of 12.6% per year.

Forecasted Growth

Analysts are most optimistic on the Commodity Chemicals industry, expecting annual earnings growth of 89% over the next 5 years.
This is better than its past earnings growth rate of 13% per year.

In contrast, the Diversified Chemicals industry is expected to see its earnings grow by 9.5% 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
6616 Global New Material International Holdings	HK$8.18	20.8% +HK$1.8b	51.2%	PS3x
546 Fufeng Group	HK$5.06	7.0% +HK$827.4m	-25.4%	PE4.5x
301 SANVO Fine Chemicals Group	HK$4.56	13.7% +HK$258.8m	225.7%	PS1.8x
336 Huabao International Holdings	HK$3.09	2.7% +HK$258.3m	2.7%	PS2.5x
297 Sinofert Holdings	HK$1.31	2.3% +HK$210.7m	1.6%	PE6.3x

Company

Last Price

Valuation

6616 Global New Material International Holdings

HK$8.18

20.8%
+HK$1.8b

51.2%

PS3x

546 Fufeng Group

HK$5.06

7.0%
+HK$827.4m

-25.4%

PE4.5x

301 SANVO Fine Chemicals Group

HK$4.56

13.7%
+HK$258.8m

225.7%

PS1.8x

336 Huabao International Holdings

HK$3.09

2.7%
+HK$258.3m

2.7%

PS2.5x

297 Sinofert Holdings

HK$1.31

2.3%
+HK$210.7m

1.6%

PE6.3x

Sichuan Dingxiang Equity Investment Fund Management Co., Ltd., Yanran (Hainan) Investment Management Partnership (Limited Partnership), Hainan Zhongfang Energy Co., Ltd and Morewisdom (Shanghai) Private Equity Fund Management Co., Ltd. cancelled the acquisition of an additional 25% stake in China Gas Industry Investment Holdings Co. Ltd. (SEHK:1940).

Sichuan Dingxiang Equity Investment Fund Management Co., Ltd., Yanran (Hainan) Investment Management Partnership (Limited Partnership), Hainan Zhongfang Energy Co., Ltd and Morewisdom (Shanghai) Private Equity Fund Management Co., Ltd. proposed to acquire an additional 25% stake in China Gas Industry Investment Holdings Co. Ltd. (SEHK:1940) for approximately HKD 190 million on March 13, 2026. A cash consideration valued at HKD 0.626 per share and of HKD 118 million will be paid by Sichuan Dingxiang Equity Investment Fund Management Co., Ltd., Yanran (Hainan) Investment Management Partnership (Limited Partnership), Hainan Zhongfang Energy Co., Ltd and Morewisdom (Shanghai) Private Equity Fund Management Co., Ltd. As part of consideration, an HKD 187.8 million is paid towards common equity and HKD 118 million is paid towards Loans of China Gas Industry Investment Holdings Co. Ltd. The transaction will be financed through its internal resources and external margin loan in the principal amount of not more than HKD 195 million provided by First Shanghai. The Offeror intends to maintain the listing of the Shares on the Main Board of the Stock Exchange after the close of the Offer. Huitang Zhihe (Hong Kong) Co., Limited has undertaken not to accept the Offer in respect of the 431.904 million Non-acceptance Shares held by it, a total of 300 million Shares will be subject to the Offer. Assuming the Offer is accepted in full, the maximum cash consideration payable by the Offeror under the Offer will be HKD 187.8 million. It is expected that the Offeror will require certain of the Directors to resign from the Board and the Offeror will nominate new Directors to the Board at the earliest time as permitted under the Takeovers Code. It is proposed that LI Jun, SONG Jiajun and CHEN Tianyi will be appointed as Directors following the despatch of the Composite Document or the close of the Offer. The transaction is subject to minimum tender, obtaining approvals from the Stock Exchange, the SFC and other relevant regulatory authorities, including obtaining approval from the independent Shareholders of the Company. The Board of Directors of China Gas Industry Investment Holdings Co. Ltd. formed a special committee for the transaction. The tendering period will commence on May 4, 2026 and will close on May 26, 2026 and can be extended if assuming the Offer becomes, or is declared, unconditional . CMB International Capital Limited acted as financial advisor for Yanran Investment Management Partnership, Sichuan Dingxiang Equity Investment Fund Management Co., Ltd., Morewisdom Private Equity Fund Management Co., Ltd., Hainan Zhongfang Energy Co. and Ltd. CEB International Capital Corporation Limited acted as financial advisor for Yanran Investment Management Partnership, Sichuan Dingxiang Equity Investment Fund Management Co., Ltd., Morewisdom Private Equity Fund Management Co., Ltd., Hainan Zhongfang Energy Co. and Ltd. First Shanghai Securities Limited acted as financial advisor for Yanran Investment Management Partnership, Sichuan Dingxiang Equity Investment Fund Management Co., Ltd., Morewisdom Private Equity Fund Management Co., Ltd., Hainan Zhongfang Energy Co. and Ltd. Nuada Limited acted as fairness opinion provider for China Gas Industry Investment Holdings Co. Ltd. Sichuan Dingxiang Equity Investment Fund Management Co., Ltd., Yanran (Hainan) Investment Management Partnership (Limited Partnership), Hainan Zhongfang Energy Co., Ltd and Morewisdom (Shanghai) Private Equity Fund Management Co., Ltd. cancelled the acquisition of an additional 25% stake in China Gas Industry Investment Holdings Co. Ltd. (SEHK:1940) on May 26, 2026.

Hong Kong (HSI) Chemicals Industry Analysis

Industry Valuation and Performance

Industry Trends

Top Stock Gainers and Losers

Latest News

New minor risk - Market cap size

Investor sentiment deteriorates as stock falls 16%

Chairman & CEO recently bought HK$3.0m worth of stock

VP & Executive Director recently bought HK$427k worth of stock

Independent Non-Executive Director recently sold HK$188k worth of stock

Upcoming dividend of HK$0.37 per share

Investor sentiment deteriorates as stock falls 15%

Investor sentiment deteriorates as stock falls 17%

New minor risk - Share price stability

Beijing Shougang LanzaTech Raises US$75 Million in Hong Kong IPO With US$750 Million Valuation

New minor risk - Share price stability

Upcoming dividend of HK$0.069 per share

China Bluechemical Ltd. Approves Annual Final Dividends for the Year Ended 31 December 2025, Payable on on or About 30 June 2026

New minor risk - Dividend sustainability

GHW International's (HKG:9933) Profits May Not Reveal Underlying Issues