Tongguan Gold Group (HKG:340) Has A Pretty Healthy Balance Sheet
Sep 14
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Hong Kong (HSI) Gold Industry Analysis
UpdatedSep 16, 2025
DataAggregated Company Financials
Companies9
- 7D6.3%
- 3M47.9%
- 1Y108.3%
- YTDn/a
The Gold industry is up 5.7% in the last week, with Zijin Mining Group up 6.5%. Meanwhile, Persistence Resources Group actually underperformed within the industry, shrinking 7.8% in the last week. In the last 12 months, the industry was up 114%. Looking forward, earnings are forecast to grow by 14% 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 |
|---|---|---|---|---|---|---|
| Tue, 16 Sep 2025 | HK$892.6b | HK$386.9b | HK$48.3b | 19.6x | 18.5x | 2.3x |
| Thu, 14 Aug 2025 | HK$719.6b | HK$367.6b | HK$42.3b | 22.6x | 17x | 2x |
| Sat, 12 Jul 2025 | HK$637.4b | HK$367.5b | HK$42.3b | 22.7x | 15.1x | 1.7x |
| Mon, 09 Jun 2025 | HK$624.8b | HK$366.8b | HK$42.2b | 37.9x | 14.8x | 1.7x |
| Wed, 07 May 2025 | HK$584.2b | HK$360.8b | HK$41.5b | 20.7x | 14.1x | 1.6x |
| Fri, 04 Apr 2025 | HK$546.4b | HK$353.2b | HK$36.9b | 15.6x | 14.8x | 1.5x |
| Sun, 02 Mar 2025 | HK$480.2b | HK$343.4b | HK$33.2b | 15.8x | 14.4x | 1.4x |
| Tue, 28 Jan 2025 | HK$502.1b | HK$345.3b | HK$33.4b | 15x | 15x | 1.5x |
| Thu, 26 Dec 2024 | HK$473.3b | HK$342.3b | HK$33.1b | 15.7x | 14.3x | 1.4x |
| Sat, 23 Nov 2024 | HK$487.7b | HK$345.4b | HK$33.4b | 14.3x | 14.6x | 1.4x |
| Mon, 21 Oct 2024 | HK$556.0b | HK$351.0b | HK$34.1b | 15.1x | 16.3x | 1.6x |
| Wed, 18 Sep 2024 | HK$475.9b | HK$345.9b | HK$30.2b | 15.6x | 15.8x | 1.4x |
| Fri, 16 Aug 2024 | HK$495.6b | HK$343.1b | HK$25.3b | 17.6x | 19.6x | 1.4x |
| Sun, 14 Jul 2024 | HK$574.4b | HK$339.4b | HK$25.0b | 19.7x | 22.9x | 1.7x |
| Tue, 11 Jun 2024 | HK$554.1b | HK$339.2b | HK$25.0b | 19.5x | 22.1x | 1.6x |
| Thu, 09 May 2024 | HK$540.8b | HK$340.4b | HK$25.1b | 23.9x | 21.5x | 1.6x |
| Sat, 06 Apr 2024 | HK$534.3b | HK$340.4b | HK$24.1b | 25.9x | 22.2x | 1.6x |
| Mon, 04 Mar 2024 | HK$404.3b | HK$341.7b | HK$22.1b | 28.5x | 18.3x | 1.2x |
| Wed, 31 Jan 2024 | HK$370.3b | HK$347.1b | HK$19.4b | 25.9x | 19.1x | 1.1x |
| Fri, 29 Dec 2023 | HK$389.3b | HK$347.1b | HK$19.4b | 29.9x | 20.1x | 1.1x |
| Sun, 26 Nov 2023 | HK$369.8b | HK$343.3b | HK$19.1b | 40.6x | 19.4x | 1.1x |
| Tue, 24 Oct 2023 | HK$359.4b | HK$333.0b | HK$16.6b | 24.8x | 21.6x | 1.1x |
| Thu, 21 Sep 2023 | HK$412.1b | HK$333.9b | HK$16.7b | 22.8x | 24.7x | 1.2x |
| Sat, 19 Aug 2023 | HK$373.2b | HK$323.7b | HK$18.5b | 22.3x | 20.1x | 1.2x |
| Mon, 17 Jul 2023 | HK$398.6b | HK$329.7b | HK$19.0b | 15.9x | 21x | 1.2x |
| Wed, 14 Jun 2023 | HK$369.4b | HK$330.0b | HK$19.0b | 14.7x | 19.4x | 1.1x |
| Fri, 12 May 2023 | HK$388.4b | HK$340.3b | HK$19.7b | 20.1x | 19.7x | 1.1x |
| Sun, 09 Apr 2023 | HK$426.8b | HK$332.5b | HK$20.7b | 15.6x | 20.6x | 1.3x |
| Tue, 07 Mar 2023 | HK$384.8b | HK$313.2b | HK$21.3b | 14.2x | 18.1x | 1.2x |
| Thu, 02 Feb 2023 | HK$404.4b | HK$321.8b | HK$22.0b | 14.1x | 18.4x | 1.3x |
| Sat, 31 Dec 2022 | HK$323.2b | HK$312.5b | HK$21.3b | 11.9x | 15.2x | 1x |
| Mon, 28 Nov 2022 | HK$309.3b | HK$301.7b | HK$20.4b | 11.6x | 15.2x | 1x |
| Wed, 26 Oct 2022 | HK$243.8b | HK$299.4b | HK$20.2b | 9.7x | 12.1x | 0.8x |
| Fri, 23 Sep 2022 | HK$270.9b | HK$293.7b | HK$21.4b | 10.1x | 12.6x | 0.9x |
Price to Earnings Ratio
12.6x
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 17.9x.
- The 3-year average PS ratio of 1.4x is lower than the industry's current PS ratio of 2.3x.
Past Earnings Growth
- The earnings for companies in the Gold industry have grown 31% per year over the last three years.
- Revenues for these companies have grown 9.5% 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 | 1.95% | |
| Materials | 5.36% | |
| Metals and Mining | 6.60% | |
| Gold | 6.31% | |
| Copper | 12.86% | |
| Aluminum | 6.63% | |
| Diversified Metals and Mining | 5.93% | |
| Steel | 3.68% | |
| Silver | -1.96% | |
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 | |
|---|---|---|---|---|---|
| 2899 Zijin Mining Group | HK$29.38 | 1.8% +HK$13.8b | 94.6% | PE17.7x | |
| 1818 Zhaojin Mining Industry | HK$29.34 | 1.4% +HK$1.4b | 120.6% | PE45.6x | |
| 8299 GT Gold Holdings | HK$0.33 | 12.1% +HK$260.0m | 118.1% | PE36.3x |
