China Hongqiao Group Limited's (HKG:1378) 29% Price Boost Is Out Of Tune With Earnings
Nov 12
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Hong Kong (HSI) Metals and Mining Industry Analysis
UpdatedNov 11, 2025
DataAggregated Company Financials
Companies52
- 7D6.2%
- 3M40.2%
- 1Y151.8%
- YTD102.2%
Over the last 7 days, the Metals and Mining industry has risen 6.2%, driven by gains from China Hongqiao Group of 3.7%. Meanwhile, Jiaxin International Resources Investment actually underperformed within the industry, shrinking 8.9% in the last week. This means that the industry has gained 152% over the past year. As for the next few years, earnings are expected to grow by 23% per annum.
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 |
|---|---|---|---|---|---|---|
| Fri, 14 Nov 2025 | HK$1.6t | HK$1.8t | HK$72.0b | 17.3x | 22.8x | 0.9x |
| Sun, 12 Oct 2025 | HK$1.9t | HK$2.0t | HK$83.9b | 18.4x | 22.7x | 1x |
| Tue, 09 Sep 2025 | HK$2.0t | HK$2.3t | HK$144.5b | 13x | 13.9x | 0.9x |
| Thu, 07 Aug 2025 | HK$1.7t | HK$2.3t | HK$130.5b | 11.6x | 12.9x | 0.7x |
| Sat, 05 Jul 2025 | HK$1.6t | HK$2.3t | HK$131.2b | 10.1x | 12.1x | 0.7x |
| Mon, 02 Jun 2025 | HK$1.4t | HK$2.3t | HK$130.7b | 8.8x | 10.5x | 0.6x |
| Wed, 30 Apr 2025 | HK$1.3t | HK$2.3t | HK$108.1b | 9.3x | 12.2x | 0.6x |
| Fri, 28 Mar 2025 | HK$1.4t | HK$2.3t | HK$101.3b | 10.5x | 13.8x | 0.6x |
| Sun, 23 Feb 2025 | HK$1.2t | HK$2.2t | HK$86.4b | 11.4x | 14.3x | 0.6x |
| Tue, 21 Jan 2025 | HK$1.2t | HK$2.2t | HK$85.9b | 11x | 14x | 0.5x |
| Thu, 19 Dec 2024 | HK$1.2t | HK$2.2t | HK$86.0b | 9.6x | 13.5x | 0.5x |
| Sat, 16 Nov 2024 | HK$1.2t | HK$2.2t | HK$86.9b | 9.6x | 13.7x | 0.5x |
| Mon, 14 Oct 2024 | HK$1.3t | HK$2.3t | HK$88.3b | 9.6x | 14.8x | 0.6x |
| Wed, 11 Sep 2024 | HK$1.1t | HK$2.3t | HK$87.7b | 8.4x | 12x | 0.5x |
| Fri, 09 Aug 2024 | HK$1.1t | HK$2.2t | HK$64.8b | 9.8x | 17x | 0.5x |
| Sun, 07 Jul 2024 | HK$1.3t | HK$2.2t | HK$64.2b | 12.1x | 20.6x | 0.6x |
| Tue, 04 Jun 2024 | HK$1.3t | HK$2.2t | HK$64.4b | 11.6x | 20.2x | 0.6x |
| Thu, 02 May 2024 | HK$1.3t | HK$2.2t | HK$64.5b | 11.7x | 20x | 0.6x |
| Sat, 30 Mar 2024 | HK$1.2t | HK$2.2t | HK$58.2b | 11x | 20x | 0.5x |
| Mon, 26 Feb 2024 | HK$993.4b | HK$2.2t | HK$45.3b | 9.9x | 21.9x | 0.4x |
| Wed, 24 Jan 2024 | HK$853.6b | HK$2.3t | HK$41.1b | 9.2x | 20.8x | 0.4x |
| Fri, 22 Dec 2023 | HK$896.2b | HK$2.3t | HK$41.2b | 9.3x | 21.8x | 0.4x |
| Sun, 19 Nov 2023 | HK$916.4b | HK$2.2t | HK$40.7b | 8.3x | 22.5x | 0.4x |
| Tue, 17 Oct 2023 | HK$935.8b | HK$2.2t | HK$33.4b | 9.1x | 28x | 0.4x |
| Thu, 14 Sep 2023 | HK$994.4b | HK$2.2t | HK$33.5b | 9.3x | 29.6x | 0.4x |
| Sat, 12 Aug 2023 | HK$981.7b | HK$2.2t | HK$62.9b | 7.6x | 15.6x | 0.4x |
| Mon, 10 Jul 2023 | HK$919.4b | HK$2.2t | HK$63.1b | 7x | 14.6x | 0.4x |
| Wed, 07 Jun 2023 | HK$924.1b | HK$2.3t | HK$63.9b | 7.1x | 14.5x | 0.4x |
| Fri, 05 May 2023 | HK$1.1t | HK$2.3t | HK$65.3b | 7.5x | 16.3x | 0.5x |
| Sun, 02 Apr 2023 | HK$1.0t | HK$2.4t | HK$75.1b | 7.2x | 13.7x | 0.4x |
| Tue, 28 Feb 2023 | HK$997.3b | HK$2.3t | HK$97.8b | 7x | 10.2x | 0.4x |
| Thu, 26 Jan 2023 | HK$1.0t | HK$2.4t | HK$99.2b | 7.1x | 10.4x | 0.4x |
| Sat, 24 Dec 2022 | HK$880.0b | HK$2.4t | HK$102.9b | 6.2x | 8.6x | 0.4x |
| Mon, 21 Nov 2022 | HK$818.5b | HK$2.3t | HK$96.5b | 5.7x | 8.5x | 0.4x |
Price to Earnings Ratio
8.5x
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 22.8x which is higher than its 3-year average PE of 16.5x.
- The industry is trading close to its 3-year average PS ratio of 0.53x.
Past Earnings Growth
- The earnings for companies in the Metals and Mining industry have declined 9.3% per year over the last three years,
- Revenues have also declined 7.8% 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 | 2.69% | |
| Materials | 6.09% | |
| Metals and Mining | 6.20% | |
| Silver | 17.74% | |
| Diversified Metals and Mining | 8.73% | |
| Aluminum | 7.48% | |
| Copper | 5.50% | |
| Steel | 4.96% | |
| Gold | 4.44% | |
Industry PE
- Investors are most optimistic about the Gold industry which is trading above its 3-year average PE ratio of 19.3x.
- Analysts are expecting annual earnings growth of 33.9%, which is lower than the prior year's growth of 127.3% per year.
Forecasted Growth
- Analysts are most optimistic on the Steel industry, expecting annual earnings growth of 90% 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 7.8% 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 | |
|---|---|---|---|---|---|
| 1378 China Hongqiao Group | HK$33.52 | 3.7% +HK$11.4b | 186.0% | PE11.4x | |
| 2600 Aluminum Corporation of China | HK$11.46 | 4.8% +HK$8.9b | 132.9% | PE12.7x | |
| 2259 Zijin Gold International | HK$141.60 | 1.9% +HK$7.0b | n/a | PE62x | |
| 1208 MMG | HK$7.02 | 2.5% +HK$2.1b | 165.9% | PE22.8x | |
| 1818 Zhaojin Mining Industry | HK$29.96 | 1.6% +HK$1.7b | 164.2% | PE40.1x |
