Why GT Gold Holdings' (HKG:8299) Healthy Earnings Aren’t As Good As They Seem
Jul 31
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Hong Kong (HSI) Gold Industry Analysis
UpdatedAug 20, 2025
DataAggregated Company Financials
Companies9
- 7D0.6%
- 3M22.2%
- 1Y48.5%
- YTDn/a
Over the last 7 days, the Gold industry has risen 2.5%, driven by gains from Zijin Mining Group of 1.0%. This takes the industry's 12 month performance to a gain of 51%. Earnings are forecast to grow by 15% annually.
Industry Valuation and Performance
Has the Hong Kong Gold Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 20 Aug 2025 | HK$696.2b | HK$365.1b | HK$42.0b | 22.5x | 16.6x | 1.9x |
| Fri, 18 Jul 2025 | HK$648.8b | HK$367.2b | HK$42.3b | 22.7x | 15.3x | 1.8x |
| Sun, 15 Jun 2025 | HK$662.7b | HK$367.3b | HK$42.3b | 37.6x | 15.7x | 1.8x |
| Tue, 13 May 2025 | HK$577.8b | HK$363.1b | HK$41.8b | 21.2x | 13.8x | 1.6x |
| Thu, 10 Apr 2025 | HK$504.2b | HK$349.3b | HK$36.5b | 15.7x | 13.8x | 1.4x |
| Sat, 08 Mar 2025 | HK$519.1b | HK$345.5b | HK$33.4b | 17.3x | 15.5x | 1.5x |
| Mon, 03 Feb 2025 | HK$498.2b | HK$345.6b | HK$33.5b | 14.8x | 14.9x | 1.4x |
| Wed, 01 Jan 2025 | HK$470.4b | HK$342.1b | HK$33.1b | 16x | 14.2x | 1.4x |
| Fri, 29 Nov 2024 | HK$478.6b | HK$345.3b | HK$33.4b | 14.7x | 14.3x | 1.4x |
| Sun, 27 Oct 2024 | HK$543.6b | HK$350.1b | HK$34.0b | 14.8x | 16x | 1.6x |
| Tue, 24 Sep 2024 | HK$510.3b | HK$348.0b | HK$30.4b | 15.3x | 16.8x | 1.5x |
| Thu, 22 Aug 2024 | HK$516.3b | HK$344.3b | HK$25.4b | 17.7x | 20.3x | 1.5x |
| Sat, 20 Jul 2024 | HK$552.2b | HK$338.6b | HK$25.0b | 18.6x | 22.1x | 1.6x |
| Mon, 17 Jun 2024 | HK$525.8b | HK$338.8b | HK$25.0b | 18.6x | 21x | 1.6x |
| Wed, 15 May 2024 | HK$572.0b | HK$339.7b | HK$25.1b | 23.1x | 22.8x | 1.7x |
| Fri, 12 Apr 2024 | HK$556.6b | HK$340.5b | HK$24.1b | 25.3x | 23.1x | 1.6x |
| Sun, 10 Mar 2024 | HK$455.9b | HK$341.9b | HK$22.1b | 30.9x | 20.6x | 1.3x |
| Tue, 06 Feb 2024 | HK$367.8b | HK$345.2b | HK$22.4b | 25x | 16.5x | 1.1x |
| Thu, 04 Jan 2024 | HK$391.9b | HK$344.5b | HK$19.2b | 30.5x | 20.4x | 1.1x |
| Sat, 02 Dec 2023 | HK$378.3b | HK$344.6b | HK$19.2b | 38x | 19.7x | 1.1x |
| Mon, 30 Oct 2023 | HK$372.1b | HK$336.0b | HK$18.6b | 27.3x | 20x | 1.1x |
| Wed, 27 Sep 2023 | HK$391.8b | HK$333.2b | HK$16.6b | 21.4x | 23.5x | 1.2x |
| Fri, 25 Aug 2023 | HK$390.4b | HK$324.7b | HK$18.6b | 22.4x | 21x | 1.2x |
| Sun, 23 Jul 2023 | HK$396.2b | HK$327.8b | HK$18.8b | 20.4x | 21.1x | 1.2x |
| Tue, 20 Jun 2023 | HK$376.9b | HK$329.0b | HK$19.0b | 15.1x | 19.9x | 1.1x |
| Thu, 18 May 2023 | HK$364.5b | HK$337.1b | HK$19.5b | 17.9x | 18.7x | 1.1x |
| Sat, 15 Apr 2023 | HK$461.7b | HK$333.4b | HK$20.8b | 16.7x | 22.2x | 1.4x |
| Mon, 13 Mar 2023 | HK$366.0b | HK$314.3b | HK$21.4b | 13.1x | 17.1x | 1.2x |
| Wed, 08 Feb 2023 | HK$378.2b | HK$319.6b | HK$21.8b | 13.5x | 17.3x | 1.2x |
| Fri, 06 Jan 2023 | HK$342.0b | HK$314.4b | HK$21.4b | 12.2x | 16x | 1.1x |
| Sun, 04 Dec 2022 | HK$324.4b | HK$306.8b | HK$20.8b | 12.1x | 15.6x | 1.1x |
| Tue, 01 Nov 2022 | HK$244.8b | HK$299.5b | HK$20.2b | 9.3x | 12.1x | 0.8x |
| Thu, 29 Sep 2022 | HK$231.1b | HK$288.5b | HK$21.0b | 10.1x | 11x | 0.8x |
| Sat, 27 Aug 2022 | HK$296.7b | HK$302.1b | HK$22.2b | 10.1x | 13.4x | 1x |
Price to Earnings Ratio
13.4x
Current Industry PE
- Investors are relatively neutral on the Hong Kong Gold industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 17.8x.
- The 3-year average PS ratio of 1.3x is lower than the industry's current PS ratio of 1.9x.
Past Earnings Growth
- The earnings for companies in the Gold industry have grown 24% per year over the last three years.
- Revenues for these companies have grown 6.6% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Comparison
How does Hong Kong Gold compare with similar industries?
| HK Market | 1.17% | |
| Materials | 2.71% | |
| Metals and Mining | 3.18% | |
| Gold | 0.65% | |
| Copper | 9.39% | |
| Diversified Metals and Mining | 7.15% | |
| Aluminum | 4.06% | |
| Silver | 1.12% | |
| Steel | -2.47% | |
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 | |
|---|---|---|---|---|---|
| 2489 Persistence Resources Group | HK$1.45 | 5.8% +HK$160.0m | 130.2% | PE24.7x | |
| 1712 Dragon Mining | HK$4.96 | 17.5% +HK$117.0m | 191.8% | PE12.1x | |
| 8299 GT Gold Holdings | HK$0.24 | 5.3% +HK$89.1m | 49.4% | PE26.7x | |
| 340 Tongguan Gold Group | HK$1.95 | 0.5% +HK$44.0m | 225.0% | PE40.6x | |
| 621 Taung Gold International | HK$0.54 | 3.8% +HK$36.3m | n/a | PB0.5x |
