The Price Is Right For Tiangong International Company Limited (HKG:826)
Dec 01
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Hong Kong (HSI) Steel Industry Analysis
UpdatedDec 06, 2025
DataAggregated Company Financials
Companies22
- 7D1.7%
- 3M6.1%
- 1Y45.0%
- YTDn/a
The Steel is pretty flat in the last 7 days, but Mongolian Mining has stood out, gaining 8.8%. The past year has been better, since the industry has gained 45% in that time. As for the next few years, earnings are expected to grow by 85% per annum.
Industry Valuation and Performance
Has the Hong Kong Steel Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 06 Dec 2025 | HK$129.3b | HK$374.9b | -HK$7,689,654,330.74 | 16x | -16.8x | 0.3x |
| Mon, 03 Nov 2025 | HK$131.6b | HK$372.0b | -HK$7,613,793,160.00 | 11.3x | -17.3x | 0.4x |
| Wed, 01 Oct 2025 | HK$130.5b | HK$369.9b | -HK$11,579,612,536.89 | 10.5x | -11.3x | 0.4x |
| Fri, 29 Aug 2025 | HK$119.6b | HK$386.1b | -HK$11,038,395,559.44 | 5.6x | -10.8x | 0.3x |
| Sun, 27 Jul 2025 | HK$121.6b | HK$395.5b | -HK$11,026,690,055.53 | 5.5x | -11x | 0.3x |
| Tue, 24 Jun 2025 | HK$101.6b | HK$395.2b | -HK$11,360,500,261.97 | 4.5x | -8.9x | 0.3x |
| Thu, 22 May 2025 | HK$98.7b | HK$393.5b | -HK$11,294,715,927.68 | 4.2x | -8.7x | 0.3x |
| Sat, 19 Apr 2025 | HK$93.2b | HK$390.1b | -HK$12,206,251,447.12 | 4.2x | -7.6x | 0.2x |
| Mon, 17 Mar 2025 | HK$102.4b | HK$412.8b | -HK$8,638,590,537.66 | 7.5x | -11.9x | 0.2x |
| Wed, 12 Feb 2025 | HK$98.6b | HK$410.2b | -HK$8,549,203,734.07 | 6.8x | -11.5x | 0.2x |
| Fri, 10 Jan 2025 | HK$97.1b | HK$408.3b | -HK$8,494,546,615.86 | 6.5x | -11.4x | 0.2x |
| Sun, 08 Dec 2024 | HK$103.2b | HK$411.4b | -HK$8,588,074,169.37 | 6.8x | -12x | 0.3x |
| Tue, 05 Nov 2024 | HK$100.4b | HK$420.6b | -HK$8,869,959,119.35 | 6.9x | -11.3x | 0.2x |
| Thu, 03 Oct 2024 | HK$100.0b | HK$438.0b | -HK$4,388,223,640.08 | 7.2x | -22.8x | 0.2x |
| Sat, 31 Aug 2024 | HK$84.3b | HK$444.0b | -HK$5,364,148,452.44 | 6.4x | -15.7x | 0.2x |
| Mon, 29 Jul 2024 | HK$85.6b | HK$437.3b | -HK$4,986,209,768.84 | 7.3x | -17.2x | 0.2x |
| Wed, 26 Jun 2024 | HK$89.6b | HK$436.5b | -HK$4,972,259,939.43 | 7.6x | -18x | 0.2x |
| Fri, 24 May 2024 | HK$98.5b | HK$437.8b | -HK$4,996,471,693.20 | 7.9x | -19.7x | 0.2x |
| Sun, 21 Apr 2024 | HK$100.8b | HK$448.4b | -HK$3,355,403,395.60 | 7.2x | -30x | 0.2x |
| Tue, 19 Mar 2024 | HK$98.5b | HK$447.7b | -HK$2,696,945,038.53 | 4.5x | -36.5x | 0.2x |
| Thu, 15 Feb 2024 | HK$101.6b | HK$448.6b | -HK$2,728,647,742.27 | 4x | -37.2x | 0.2x |
| Sat, 13 Jan 2024 | HK$103.7b | HK$466.1b | -HK$4,203,076,014.00 | 4.4x | -24.7x | 0.2x |
| Mon, 11 Dec 2023 | HK$100.0b | HK$465.5b | -HK$4,196,117,579.00 | 4.3x | -23.8x | 0.2x |
| Wed, 08 Nov 2023 | HK$97.7b | HK$459.1b | -HK$4,079,667,914.00 | 4x | -23.9x | 0.2x |
| Fri, 06 Oct 2023 | HK$102.5b | HK$460.4b | -HK$7,041,405,509.00 | 4.1x | -14.6x | 0.2x |
| Sun, 03 Sep 2023 | HK$100.7b | HK$463.8b | -HK$7,105,716,785.00 | 4x | -14.2x | 0.2x |
| Tue, 01 Aug 2023 | HK$107.3b | HK$478.1b | -HK$2,423,550,883.00 | 5.2x | -44.3x | 0.2x |
| Thu, 29 Jun 2023 | HK$93.4b | HK$474.2b | -HK$2,379,915,615.00 | 4.3x | -39.2x | 0.2x |
| Sat, 27 May 2023 | HK$102.2b | HK$485.7b | -HK$2,511,220,516.00 | 4.9x | -40.7x | 0.2x |
| Mon, 24 Apr 2023 | HK$110.0b | HK$504.9b | HK$1.8b | 5.5x | 59.9x | 0.2x |
| Wed, 22 Mar 2023 | HK$112.6b | HK$509.4b | HK$5.5b | 3.7x | 20.5x | 0.2x |
| Fri, 17 Feb 2023 | HK$114.2b | HK$510.5b | HK$5.5b | 3.8x | 20.7x | 0.2x |
| Sun, 15 Jan 2023 | HK$114.0b | HK$518.9b | HK$5.6b | 3.9x | 20.5x | 0.2x |
| Tue, 13 Dec 2022 | HK$115.2b | HK$543.7b | HK$8.8b | 4x | 13x | 0.2x |
Price to Earnings Ratio
13x
Current Industry PE
- Investors are optimistic on the Hong Kong Steel industry, and appear confident in long term growth rates.
- The industry is trading close to its 3-year average PS ratio of 0.24x.
Past Earnings Growth
- Total earnings for the Steel industry have declined over the last three years, with the industry now making a loss overall.
- Revenues have also declined 12% per year, which is driving profits down.
Industry Comparison
How does Hong Kong Steel compare with similar industries?
| HK Market | 0.33% | |
| Materials | 7.65% | |
| Metals and Mining | 8.67% | |
| Steel | 1.73% | |
| Copper | 15.98% | |
| Diversified Metals and Mining | 14.15% | |
| Aluminum | 9.96% | |
| Gold | 4.61% | |
| Silver | 0% | 0 |
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 | |
|---|---|---|---|---|---|
| 975 Mongolian Mining | HK$11.18 | 8.6% +HK$917.2m | 41.9% | PE18.1x | |
| 581 China Oriental Group | HK$1.39 | 7.8% +HK$372.3m | 18.8% | PE18.2x | |
| 3788 China Hanking Holdings | HK$3.90 | 4.6% +HK$346.0m | 413.2% | PE40.5x | |
| 347 Angang Steel | HK$2.00 | 1.5% +HK$281.1m | 28.2% | PS0.2x | |
| 2798 Perennial Energy Holdings | HK$1.24 | 12.7% +HK$224.0m | 18.1% | PE9.7x |
