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Hong Kong (HSI) Metals and Mining Industry Analysis
UpdatedFeb 25, 2026
DataAggregated Company Financials
Companies55
- 7D3.2%
- 3M39.3%
- 1Y166.0%
- YTD20.5%
In the last week, the Metals and Mining industry is up 3.2%, with Zijin Gold International up 9.6%. This takes the industry's 12 month performance to a gain of 166%. Earnings are forecast to grow by 34% annually.
Industry Valuation and Performance
Has the Hong Kong Metals and Mining Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 25 Feb 2026 | HK$2.3t | HK$1.9t | HK$77.1b | 20.4x | 29.3x | 1.2x |
| Fri, 23 Jan 2026 | HK$2.1t | HK$1.8t | HK$76.0b | 18.1x | 28x | 1.2x |
| Sun, 21 Dec 2025 | HK$1.7t | HK$1.8t | HK$75.1b | 17.1x | 22.8x | 0.9x |
| Tue, 18 Nov 2025 | HK$1.6t | HK$1.8t | HK$72.2b | 16.5x | 22.4x | 0.9x |
| Thu, 16 Oct 2025 | HK$1.6t | HK$1.8t | HK$65.6b | 17.7x | 23.7x | 0.9x |
| Sat, 13 Sep 2025 | HK$2.1t | HK$2.3t | HK$143.8b | 14.5x | 14.8x | 0.9x |
| Mon, 11 Aug 2025 | HK$1.7t | HK$2.3t | HK$130.4b | 11.9x | 13.3x | 0.7x |
| Wed, 09 Jul 2025 | HK$1.6t | HK$2.3t | HK$131.2b | 10.1x | 11.9x | 0.7x |
| Fri, 06 Jun 2025 | HK$1.4t | HK$2.3t | HK$130.5b | 9.2x | 10.7x | 0.6x |
| Sun, 04 May 2025 | HK$1.3t | HK$2.3t | HK$109.4b | 9.1x | 12x | 0.6x |
| Tue, 01 Apr 2025 | HK$1.4t | HK$2.3t | HK$98.9b | 9.5x | 13.8x | 0.6x |
| Thu, 27 Feb 2025 | HK$1.2t | HK$2.2t | HK$86.3b | 11.3x | 14.3x | 0.6x |
| Sat, 25 Jan 2025 | HK$1.2t | HK$2.2t | HK$86.7b | 10.9x | 14x | 0.5x |
| Mon, 23 Dec 2024 | HK$1.1t | HK$2.2t | HK$86.0b | 9.5x | 13.2x | 0.5x |
| Wed, 20 Nov 2024 | HK$1.2t | HK$2.2t | HK$86.7b | 9.9x | 14.1x | 0.6x |
| Fri, 18 Oct 2024 | HK$1.3t | HK$2.2t | HK$87.7b | 9.5x | 14.6x | 0.6x |
| Sun, 15 Sep 2024 | HK$1.1t | HK$2.3t | HK$88.0b | 8.4x | 12.2x | 0.5x |
| Tue, 13 Aug 2024 | HK$1.1t | HK$2.2t | HK$64.8b | 9.8x | 17.3x | 0.5x |
| Thu, 11 Jul 2024 | HK$1.3t | HK$2.2t | HK$64.1b | 11.8x | 20.1x | 0.6x |
| Sat, 08 Jun 2024 | HK$1.3t | HK$2.2t | HK$64.4b | 11.6x | 20.4x | 0.6x |
| Mon, 06 May 2024 | HK$1.3t | HK$2.2t | HK$64.4b | 11.9x | 20x | 0.6x |
| Wed, 03 Apr 2024 | HK$1.2t | HK$2.2t | HK$62.9b | 11.4x | 19.1x | 0.5x |
| Fri, 01 Mar 2024 | HK$969.4b | HK$2.2t | HK$45.3b | 9.9x | 21.4x | 0.4x |
| Sun, 28 Jan 2024 | HK$917.6b | HK$2.3t | HK$41.2b | 9x | 22.3x | 0.4x |
| Tue, 26 Dec 2023 | HK$909.3b | HK$2.3t | HK$41.2b | 9.3x | 22x | 0.4x |
| Thu, 23 Nov 2023 | HK$925.6b | HK$2.2t | HK$41.0b | 8.4x | 22.6x | 0.4x |
| Sat, 21 Oct 2023 | HK$905.2b | HK$2.2t | HK$33.3b | 8.4x | 27.2x | 0.4x |
| Mon, 18 Sep 2023 | HK$1.0t | HK$2.2t | HK$33.5b | 10x | 30.6x | 0.5x |
| Wed, 16 Aug 2023 | HK$960.3b | HK$2.2t | HK$52.7b | 8x | 18.2x | 0.4x |
| Fri, 14 Jul 2023 | HK$976.1b | HK$2.3t | HK$63.4b | 7.2x | 15.4x | 0.4x |
| Sun, 11 Jun 2023 | HK$931.3b | HK$2.3t | HK$63.8b | 7.3x | 14.6x | 0.4x |
| Tue, 09 May 2023 | HK$1.1t | HK$2.3t | HK$65.3b | 7.8x | 16.4x | 0.5x |
| Thu, 06 Apr 2023 | HK$1.0t | HK$2.4t | HK$75.0b | 7.4x | 13.6x | 0.4x |
| Sat, 04 Mar 2023 | HK$1.0t | HK$2.3t | HK$98.2b | 7.3x | 10.6x | 0.4x |
Price to Earnings Ratio
10.6x
Current Industry PE
- Investors are optimistic on the Hong Kong Metals and Mining industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 29.3x which is higher than its 3-year average PE of 18.0x.
- The 3-year average PS ratio of 0.59x is lower than the industry's current PS ratio of 1.2x.
Past Earnings Growth
- The earnings for companies in the Metals and Mining industry have declined 7.8% per year over the last three years,
- Revenues have also declined 7.0% 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 | 0.44% | |
| Materials | 3.16% | |
| Metals and Mining | 3.20% | |
| Gold | 9.00% | |
| Silver | 3.23% | |
| Diversified Metals and Mining | 2.69% | |
| Copper | 1.30% | |
| Steel | -0.40% | |
| Aluminum | -0.81% | |
Industry PE
- Investors are most optimistic about the Gold industry which is trading above its 3-year average PE ratio of 23.0x.
- Analysts are expecting annual earnings growth of 53.3%, which is lower than the prior year's growth of 181.9% per year.
Forecasted Growth
- Analysts are most optimistic on the Steel industry, expecting annual earnings growth of 83% over the next 5 years.
- This is better than its past earnings decline of 21% per year.
- In contrast, the Copper industry is expected to see its earnings grow by 13% 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 | |
|---|---|---|---|---|---|
| 2259 Zijin Gold International | HK$235.00 | 11.0% +HK$62.1b | n/a | PE102.1x | |
| 2600 Aluminum Corporation of China | HK$13.88 | 5.4% +HK$12.2b | 191.6% | PE14.7x | |
| 1818 Zhaojin Mining Industry | HK$35.20 | 9.5% +HK$10.8b | 158.1% | PE45.3x | |
| 3939 Wanguo Gold Group | HK$18.40 | 14.6% +HK$10.4b | 402.7% | PE77.6x | |
| 1208 MMG | HK$10.75 | 7.7% +HK$9.3b | 355.5% | PE34.7x |
