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- 7D0.9%
- 3M-6.0%
- 1Y-4.7%
- YTD-6.9%
Over the last 7 days, the Chemicals industry has risen 2.8%, driven by gains from China XLX Fertiliser of 8.8%. During this same period, the Dongyue Group underperformed, falling 7.6%. The industry has been flat over the past 12 months despite the gain this week. Looking forward, 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 |
|---|---|---|---|---|---|---|
| Tue, 25 Aug 2026 | HK$161.7b | HK$329.0b | HK$7.9b | 9.6x | 20.6x | 0.5x |
| Thu, 23 Jul 2026 | HK$156.4b | HK$325.6b | HK$7.5b | 10.8x | 20.7x | 0.5x |
| Sat, 20 Jun 2026 | HK$188.9b | HK$325.0b | HK$7.2b | 12x | 26.2x | 0.6x |
| Mon, 18 May 2026 | HK$173.6b | HK$322.3b | HK$7.4b | 12x | 23.4x | 0.5x |
| Wed, 15 Apr 2026 | HK$178.6b | HK$324.1b | HK$6.8b | 11.3x | 26.2x | 0.6x |
| Fri, 13 Mar 2026 | HK$196.6b | HK$328.9b | HK$10.9b | 11x | 18.1x | 0.6x |
| Sun, 08 Feb 2026 | HK$186.2b | HK$325.4b | HK$10.7b | 9.7x | 17.3x | 0.6x |
| Tue, 06 Jan 2026 | HK$164.9b | HK$322.4b | HK$10.6b | 8.5x | 15.5x | 0.5x |
| Thu, 04 Dec 2025 | HK$166.8b | HK$318.7b | HK$10.5b | 9.1x | 15.9x | 0.5x |
| Sat, 01 Nov 2025 | HK$153.6b | HK$315.7b | HK$10.4b | 9x | 14.7x | 0.5x |
| Mon, 29 Sep 2025 | HK$156.0b | HK$318.5b | HK$10.4b | 8.1x | 15x | 0.5x |
| Wed, 27 Aug 2025 | HK$167.3b | HK$325.4b | HK$8.6b | 9x | 19.5x | 0.5x |
| Fri, 25 Jul 2025 | HK$156.5b | HK$329.1b | HK$8.9b | 9.8x | 17.5x | 0.5x |
| Sun, 22 Jun 2025 | HK$140.0b | HK$328.0b | HK$8.8b | 9.1x | 16x | 0.4x |
| Tue, 20 May 2025 | HK$131.9b | HK$324.7b | HK$8.6b | 9.3x | 15.3x | 0.4x |
| Thu, 17 Apr 2025 | HK$126.6b | HK$320.2b | HK$8.6b | 8.9x | 14.6x | 0.4x |
| Sat, 15 Mar 2025 | HK$135.6b | HK$329.9b | HK$8.5b | 9.3x | 15.9x | 0.4x |
| Mon, 10 Feb 2025 | HK$126.1b | HK$328.3b | HK$8.5b | 10x | 14.8x | 0.4x |
| Wed, 08 Jan 2025 | HK$125.6b | HK$326.1b | HK$8.5b | 9.1x | 14.8x | 0.4x |
| Fri, 06 Dec 2024 | HK$127.3b | HK$328.8b | HK$8.5b | 9.2x | 14.9x | 0.4x |
| Sun, 03 Nov 2024 | HK$127.2b | HK$334.5b | HK$8.4b | 9.4x | 15.2x | 0.4x |
| Tue, 01 Oct 2024 | HK$135.1b | HK$341.8b | HK$8.8b | 8.5x | 15.4x | 0.4x |
| Thu, 29 Aug 2024 | HK$117.6b | HK$332.5b | HK$9.4b | 9.8x | 12.6x | 0.4x |
| Sat, 27 Jul 2024 | HK$120.8b | HK$322.6b | HK$10.0b | 9.9x | 12.1x | 0.4x |
| Mon, 24 Jun 2024 | HK$127.9b | HK$322.2b | HK$9.9b | 9.7x | 12.9x | 0.4x |
| Wed, 22 May 2024 | HK$135.2b | HK$321.4b | HK$10.1b | 10.6x | 13.5x | 0.4x |
| Fri, 19 Apr 2024 | HK$122.6b | HK$323.3b | HK$10.1b | 9.2x | 12.1x | 0.4x |
| Sun, 17 Mar 2024 | HK$115.3b | HK$320.5b | HK$11.2b | 5.2x | 10.3x | 0.4x |
| Tue, 13 Feb 2024 | HK$110.5b | HK$315.4b | HK$10.9b | 5.8x | 10.2x | 0.4x |
| Thu, 11 Jan 2024 | HK$116.3b | HK$319.8b | HK$11.3b | 5.8x | 10.3x | 0.4x |
| Sat, 09 Dec 2023 | HK$114.9b | HK$317.5b | HK$11.2b | 5x | 10.2x | 0.4x |
| Mon, 06 Nov 2023 | HK$116.6b | HK$312.0b | HK$11.0b | 5.3x | 10.6x | 0.4x |
| Wed, 04 Oct 2023 | HK$120.7b | HK$298.5b | HK$9.0b | 5.7x | 13.4x | 0.4x |
| Fri, 01 Sep 2023 | HK$123.7b | HK$303.3b | HK$10.3b | 5.6x | 12x | 0.4x |
Price to Earnings Ratio
12x
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 20.9x which is higher than its 3-year average PE of 15.4x.
- The industry is trading close to its 3-year average PS ratio of 0.44x.
Past Earnings Growth
- The earnings for companies in the Chemicals industry have declined 8.8% per year over the last three years.
- Meanwhile revenues for these companies have grown 2.8% per year.
- This means that although more sales are being generated, 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 | 1.35% | |
| Materials | 5.31% | |
| Chemicals | 0.93% | |
| Industrial Gases | 7.27% | |
| Commodity Chemicals | 3.88% | |
| Fertilizers and Agricultural Chemicals | 1.22% | |
| Diversified Chemicals | -0.72% | |
| Specialty Chemicals | -1.60% | |
Industry PE
- Investors are most optimistic about the Specialty Chemicals industry which is trading above its 3-year average PE ratio.
- Analysts are expecting annual earnings growth of 20.7%, which is higher than its past year's earnings decline of 38.2% per year.
- Investors are most pessimistic about the Diversified Chemicals industry, which is trading close to its 3-year average of 5.4x.
Forecasted Growth
- Analysts are most optimistic on the Commodity Chemicals industry, expecting annual earnings growth of 94% over the next 5 years.
- This is better than its past earnings growth rate of 7.2% 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 | |
|---|---|---|---|---|---|
| 1866 China XLX Fertiliser | HK$10.56 | 8.8% +HK$1.2b | 39.1% | PE14.1x | |
| 6616 Global New Material International Holdings | HK$9.86 | 6.8% +HK$780.3m | 104.0% | PS3.6x | |
| 1907 China Risun Group | HK$1.99 | 9.3% +HK$726.6m | -17.8% | PE125.8x | |
| 2198 China Sanjiang Fine Chemicals | HK$3.60 | 8.4% +HK$331.1m | 86.3% | PE9x | |
| 338 Sinopec Shanghai Petrochemical | HK$1.14 | 1.8% +HK$210.9m | -19.1% | PS0.1x |