What Aluminum Corporation of China Limited's (HKG:2600) 28% Share Price Gain Is Not Telling You
Jan 11
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Hong Kong (HSI) Aluminum Industry Analysis
UpdatedJan 11, 2026
DataAggregated Company Financials
Companies6
- 7D5.7%
- 3M39.9%
- 1Y170.3%
- YTDn/a
In the last week, the Aluminum industry is up 7.2%, with Aluminum Corporation of China up 8.3%. In the last 12 months, the industry was up 167%. As for the next few years, earnings are expected to grow by 11% per annum.
Industry Valuation and Performance
Has the Hong Kong Aluminum Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 11 Jan 2026 | HK$767.1b | HK$607.4b | HK$52.9b | 13.4x | 14.5x | 1.3x |
| Tue, 09 Dec 2025 | HK$672.1b | HK$600.1b | HK$52.2b | 12x | 12.9x | 1.1x |
| Thu, 06 Nov 2025 | HK$556.4b | HK$579.2b | HK$49.5b | 10.1x | 11.2x | 1x |
| Sat, 04 Oct 2025 | HK$499.1b | HK$583.3b | HK$47.7b | 9.1x | 10.5x | 0.9x |
| Mon, 01 Sep 2025 | HK$475.9b | HK$582.3b | HK$71.1b | 6.3x | 6.7x | 0.8x |
| Wed, 30 Jul 2025 | HK$424.1b | HK$579.2b | HK$67.9b | 7.4x | 6.2x | 0.7x |
| Fri, 27 Jun 2025 | HK$368.5b | HK$584.5b | HK$69.0b | 5.6x | 5.3x | 0.6x |
| Sun, 25 May 2025 | HK$328.3b | HK$559.5b | HK$49.6b | 5.4x | 6.6x | 0.6x |
| Tue, 22 Apr 2025 | HK$310.4b | HK$539.2b | HK$46.0b | 5.4x | 6.7x | 0.6x |
| Thu, 20 Mar 2025 | HK$357.1b | HK$507.1b | HK$42.4b | 7.2x | 8.4x | 0.7x |
| Sat, 15 Feb 2025 | HK$308.4b | HK$489.4b | HK$34.8b | 6.9x | 8.9x | 0.6x |
| Mon, 13 Jan 2025 | HK$280.4b | HK$485.9b | HK$34.6b | 6.4x | 8.1x | 0.6x |
| Wed, 11 Dec 2024 | HK$294.1b | HK$489.5b | HK$34.8b | 6.6x | 8.4x | 0.6x |
| Fri, 08 Nov 2024 | HK$338.2b | HK$494.4b | HK$35.2b | 7.7x | 9.6x | 0.7x |
| Sun, 06 Oct 2024 | HK$324.6b | HK$490.4b | HK$35.6b | 8.1x | 9.1x | 0.7x |
| Tue, 03 Sep 2024 | HK$255.6b | HK$489.1b | HK$35.5b | 6.2x | 7.2x | 0.5x |
| Thu, 01 Aug 2024 | HK$248.4b | HK$483.5b | HK$23.1b | 8.6x | 10.7x | 0.5x |
| Sat, 29 Jun 2024 | HK$280.8b | HK$481.1b | HK$23.0b | 10.6x | 12.2x | 0.6x |
| Mon, 27 May 2024 | HK$285.3b | HK$482.4b | HK$23.1b | 10.7x | 12.4x | 0.6x |
| Wed, 24 Apr 2024 | HK$251.4b | HK$502.3b | HK$22.7b | 9.4x | 11.1x | 0.5x |
| Fri, 22 Mar 2024 | HK$229.8b | HK$527.2b | HK$10.6b | 17.6x | 21.6x | 0.4x |
| Sun, 18 Feb 2024 | HK$192.3b | HK$532.0b | HK$12.6b | 12.1x | 15.3x | 0.4x |
| Tue, 16 Jan 2024 | HK$192.3b | HK$533.1b | HK$12.6b | 12x | 15.2x | 0.4x |
| Thu, 14 Dec 2023 | HK$181.7b | HK$532.3b | HK$12.6b | 11.4x | 14.4x | 0.3x |
| Sat, 11 Nov 2023 | HK$206.9b | HK$525.5b | HK$12.5b | 12.8x | 16.6x | 0.4x |
| Mon, 09 Oct 2023 | HK$218.7b | HK$541.6b | HK$11.4b | 14.6x | 19.1x | 0.4x |
| Wed, 06 Sep 2023 | HK$233.3b | HK$542.0b | HK$11.4b | 15.7x | 20.4x | 0.4x |
| Fri, 04 Aug 2023 | HK$224.3b | HK$572.1b | HK$28.2b | 6.5x | 8x | 0.4x |
| Sun, 02 Jul 2023 | HK$203.2b | HK$569.0b | HK$28.1b | 5.9x | 7.2x | 0.4x |
| Tue, 30 May 2023 | HK$199.8b | HK$580.0b | HK$28.5b | 5.8x | 7x | 0.3x |
| Thu, 27 Apr 2023 | HK$241.9b | HK$591.9b | HK$28.9b | 6.6x | 8.4x | 0.4x |
| Sat, 25 Mar 2023 | HK$240.4b | HK$598.7b | HK$37.3b | 5.1x | 6.4x | 0.4x |
| Mon, 20 Feb 2023 | HK$237.9b | HK$596.6b | HK$46.3b | 4.1x | 5.1x | 0.4x |
| Wed, 18 Jan 2023 | HK$234.1b | HK$602.0b | HK$46.5b | 4.3x | 5x | 0.4x |
Price to Earnings Ratio
5x
Current Industry PE
- Investors are optimistic on the Hong Kong Aluminum industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 14.2x which is higher than its 3-year average PE of 10.3x.
- The 3-year average PS ratio of 0.56x is lower than the industry's current PS ratio of 1.2x.
Past Earnings Growth
- The earnings for companies in the Aluminum industry have grown 4.3% per year over the last three years, while revenues have remained mostly flat.
- This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.
Industry Comparison
How does Hong Kong Aluminum compare with similar industries?
| HK Market | -0.094% | |
| Materials | 3.98% | |
| Metals and Mining | 4.17% | |
| Aluminum | 5.68% | |
| Diversified Metals and Mining | 5.20% | |
| Gold | 4.34% | |
| Copper | 0.73% | |
| Steel | 0.28% | |
| Silver | -5.41% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 2600 Aluminum Corporation of China | HK$13.69 | 8.3% +HK$18.0b | 197.0% | PE14.8x | |
| 1378 China Hongqiao Group | HK$34.72 | 2.1% +HK$7.0b | 203.5% | PE12.1x | |
| 2788 Chuangxin Industries Holdings | HK$23.86 | 16.5% +HK$6.8b | n/a | PE20.8x | |
| 2610 Nanshan Aluminium International Holdings | HK$59.40 | 19.6% +HK$5.7b | n/a | PE8.3x | |
| 486 United Company RUSAL International | HK$4.95 | 2.5% +HK$1.8b | 54.7% | PE63.9x |