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Hong Kong (HSI) Chemicals Industry Analysis
UpdatedJan 19, 2026
DataAggregated Company Financials
Companies38
- 7D-0.6%
- 3M9.0%
- 1Y41.0%
- YTD2.2%
Last week, the Chemicals industry hasn't moved much but China XLX Fertiliser is up 6.9% in that time. As for the the longer term, the industry is up 41% over the past 12 months. As for the next few years, earnings are expected to grow by 44% per annum.
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 |
|---|---|---|---|---|---|---|
| Mon, 19 Jan 2026 | HK$171.0b | HK$323.4b | HK$10.7b | 9x | 16x | 0.5x |
| Wed, 17 Dec 2025 | HK$161.1b | HK$319.4b | HK$10.5b | 8.3x | 15.3x | 0.5x |
| Fri, 14 Nov 2025 | HK$166.9b | HK$316.5b | HK$10.4b | 9.8x | 16x | 0.5x |
| Sun, 12 Oct 2025 | HK$164.5b | HK$318.6b | HK$10.4b | 9.5x | 15.9x | 0.5x |
| Tue, 09 Sep 2025 | HK$164.9b | HK$319.3b | HK$10.4b | 8.5x | 15.9x | 0.5x |
| Thu, 07 Aug 2025 | HK$153.2b | HK$327.8b | HK$8.9b | 9.7x | 17.2x | 0.5x |
| Sat, 05 Jul 2025 | HK$142.3b | HK$328.8b | HK$8.9b | 9.7x | 16x | 0.4x |
| Mon, 02 Jun 2025 | HK$134.8b | HK$326.1b | HK$8.7b | 9.4x | 15.5x | 0.4x |
| Wed, 30 Apr 2025 | HK$127.9b | HK$319.6b | HK$8.5b | 9x | 15.1x | 0.4x |
| Fri, 28 Mar 2025 | HK$134.3b | HK$324.3b | HK$9.6b | 8.8x | 14x | 0.4x |
| Sun, 23 Feb 2025 | HK$127.4b | HK$329.0b | HK$8.6b | 9.7x | 14.9x | 0.4x |
| Tue, 21 Jan 2025 | HK$125.8b | HK$326.9b | HK$8.5b | 9.5x | 14.8x | 0.4x |
| Thu, 19 Dec 2024 | HK$126.2b | HK$327.6b | HK$8.5b | 9.3x | 14.8x | 0.4x |
| Sat, 16 Nov 2024 | HK$124.4b | HK$330.0b | HK$8.3b | 9.4x | 15x | 0.4x |
| Mon, 14 Oct 2024 | HK$134.5b | HK$339.4b | HK$8.7b | 9.2x | 15.4x | 0.4x |
| Wed, 11 Sep 2024 | HK$113.5b | HK$338.0b | HK$8.7b | 8.5x | 13.1x | 0.3x |
| Fri, 09 Aug 2024 | HK$118.2b | HK$325.5b | HK$10.2b | 9.3x | 11.6x | 0.4x |
| Sun, 07 Jul 2024 | HK$125.7b | HK$322.2b | HK$9.9b | 9.8x | 12.6x | 0.4x |
| Tue, 04 Jun 2024 | HK$131.3b | HK$321.6b | HK$10.1b | 10.3x | 13x | 0.4x |
| Thu, 02 May 2024 | HK$127.4b | HK$321.6b | HK$10.0b | 10.2x | 12.7x | 0.4x |
| Sat, 30 Mar 2024 | HK$117.8b | HK$324.0b | HK$9.6b | 8.4x | 12.3x | 0.4x |
| Mon, 26 Feb 2024 | HK$115.7b | HK$315.5b | HK$10.9b | 5.9x | 10.7x | 0.4x |
| Wed, 24 Jan 2024 | HK$108.8b | HK$319.8b | HK$11.3b | 5.6x | 9.6x | 0.3x |
| Fri, 22 Dec 2023 | HK$114.2b | HK$320.6b | HK$11.4b | 5.3x | 10.1x | 0.4x |
| Sun, 19 Nov 2023 | HK$98.4b | HK$314.9b | HK$11.1b | 5x | 8.8x | 0.3x |
| Tue, 17 Oct 2023 | HK$115.6b | HK$298.1b | HK$9.0b | 5.5x | 12.8x | 0.4x |
| Thu, 14 Sep 2023 | HK$121.2b | HK$302.8b | HK$10.6b | 5.6x | 11.4x | 0.4x |
| Sat, 12 Aug 2023 | HK$128.7b | HK$308.3b | HK$12.2b | 5.3x | 10.6x | 0.4x |
| Mon, 10 Jul 2023 | HK$126.5b | HK$310.3b | HK$13.0b | 5x | 9.7x | 0.4x |
| Wed, 07 Jun 2023 | HK$131.3b | HK$315.1b | HK$13.2b | 5.2x | 10x | 0.4x |
| Fri, 05 May 2023 | HK$144.3b | HK$323.9b | HK$13.6b | 5.3x | 10.6x | 0.4x |
| Sun, 02 Apr 2023 | HK$145.0b | HK$330.1b | HK$14.0b | 5x | 10.4x | 0.4x |
| Tue, 28 Feb 2023 | HK$148.9b | HK$340.5b | HK$15.6b | 5.3x | 9.5x | 0.4x |
| Thu, 26 Jan 2023 | HK$158.3b | HK$347.4b | HK$15.9b | 5.3x | 9.9x | 0.5x |
Price to Earnings Ratio
9.9x
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 13.1x.
- 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 2.4% 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 | 1.58% | |
| Materials | 3.56% | |
| Chemicals | -0.62% | |
| Fertilizers and Agricultural Chemicals | 3.14% | |
| Industrial Gases | 0% | 0 |
| Commodity Chemicals | -0.65% | |
| Diversified Chemicals | -2.33% | |
| Specialty Chemicals | -3.08% | |
Industry PE
- Investors are most optimistic about the Specialty Chemicals industry which is trading above its 3-year average PE ratio of 26.5x.
- Analysts are expecting annual earnings growth of 31.6%, 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 | |
|---|---|---|---|---|---|
| 1866 China XLX Fertiliser | HK$10.05 | 6.9% +HK$934.8m | 151.3% | PE9.5x | |
| 3983 China BlueChemical | HK$2.58 | 3.2% +HK$368.8m | 18.3% | PE10.4x | |
| 297 Sinofert Holdings | HK$1.52 | 2.0% +HK$210.7m | 35.7% | PE8.6x | |
| 2198 China Sanjiang Fine Chemicals | HK$3.71 | 3.6% +HK$154.3m | 119.5% | PE5.8x | |
| 189 Dongyue Group | HK$11.40 | 0.4% +HK$69.3m | 37.2% | PE13.8x |
