Why Hanking Gold International's (HKG:3788) Shaky Earnings Are Just The Beginning Of Its Problems
Apr 17
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Hong Kong (HSI) Steel Industry Analysis
UpdatedApr 22, 2026
DataAggregated Company Financials
Companies22
- 7D0.2%
- 3M-7.9%
- 1Y40.3%
- YTDn/a
Last week, the Steel industry hasn't moved much but Tiangong International is up 6.9% in that time. As for the the longer term, the industry is up 40% over the past 12 months. Earnings are forecast to grow by 58% annually.
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 |
|---|---|---|---|---|---|---|
| Wed, 22 Apr 2026 | HK$129.3b | HK$381.8b | -HK$8,277,891,655.27 | 20x | -15.6x | 0.3x |
| Fri, 20 Mar 2026 | HK$130.4b | HK$385.5b | -HK$8,543,135,843.33 | 16.2x | -15.3x | 0.3x |
| Sun, 15 Feb 2026 | HK$136.8b | HK$384.4b | -HK$7,935,373,094.34 | 16.9x | -17.2x | 0.4x |
| Tue, 13 Jan 2026 | HK$135.3b | HK$380.2b | -HK$7,826,562,367.61 | 16.5x | -17.3x | 0.4x |
| Thu, 11 Dec 2025 | HK$127.4b | HK$375.1b | -HK$7,693,708,383.08 | 15.7x | -16.6x | 0.3x |
| Sat, 08 Nov 2025 | HK$136.4b | HK$372.1b | -HK$7,617,188,397.93 | 14.2x | -17.9x | 0.4x |
| Mon, 06 Oct 2025 | HK$132.3b | HK$370.0b | -HK$11,579,724,792.60 | 10.6x | -11.4x | 0.4x |
| Wed, 03 Sep 2025 | HK$121.5b | HK$369.0b | -HK$11,501,665,900.53 | 9.5x | -10.6x | 0.3x |
| Fri, 01 Aug 2025 | HK$118.9b | HK$394.1b | -HK$10,971,245,992.56 | 5.2x | -10.8x | 0.3x |
| Sun, 29 Jun 2025 | HK$105.4b | HK$396.0b | -HK$11,393,079,354.44 | 4.7x | -9.2x | 0.3x |
| Tue, 27 May 2025 | HK$101.1b | HK$394.6b | -HK$11,338,849,471.72 | 4.3x | -8.9x | 0.3x |
| Thu, 24 Apr 2025 | HK$94.6b | HK$390.4b | -HK$12,222,996,276.53 | 4.1x | -7.7x | 0.2x |
| Sat, 22 Mar 2025 | HK$102.6b | HK$411.7b | -HK$8,854,403,710.79 | 9x | -11.6x | 0.2x |
| Mon, 17 Feb 2025 | HK$97.5b | HK$412.4b | -HK$8,616,483,529.80 | 7x | -11.3x | 0.2x |
| Wed, 15 Jan 2025 | HK$97.4b | HK$408.6b | -HK$8,502,074,067.29 | 6.3x | -11.5x | 0.2x |
| Fri, 13 Dec 2024 | HK$103.6b | HK$411.4b | -HK$8,587,732,611.27 | 7x | -12.1x | 0.3x |
| Sun, 10 Nov 2024 | HK$104.0b | HK$416.0b | -HK$8,724,719,114.22 | 6.8x | -11.9x | 0.2x |
| Tue, 08 Oct 2024 | HK$103.1b | HK$437.6b | -HK$4,381,519,320.29 | 8.6x | -23.5x | 0.2x |
| Thu, 05 Sep 2024 | HK$82.2b | HK$433.4b | -HK$4,299,723,809.66 | 7x | -19.1x | 0.2x |
| Sat, 03 Aug 2024 | HK$86.1b | HK$440.0b | -HK$5,038,013,230.30 | 7.3x | -17.1x | 0.2x |
| Mon, 01 Jul 2024 | HK$90.1b | HK$436.4b | -HK$4,968,502,998.10 | 7.6x | -18.1x | 0.2x |
| Wed, 29 May 2024 | HK$100.0b | HK$437.7b | -HK$4,993,629,507.29 | 8x | -20x | 0.2x |
| Fri, 26 Apr 2024 | HK$96.8b | HK$447.9b | -HK$3,347,657,108.49 | 7.2x | -28.9x | 0.2x |
| Sun, 24 Mar 2024 | HK$97.6b | HK$447.0b | -HK$2,308,905,531.59 | 4.6x | -42.3x | 0.2x |
| Tue, 20 Feb 2024 | HK$104.2b | HK$447.9b | -HK$2,718,095,451.65 | 4x | -38.3x | 0.2x |
| Thu, 18 Jan 2024 | HK$101.2b | HK$464.7b | -HK$4,180,514,785.00 | 4.2x | -24.2x | 0.2x |
| Sat, 16 Dec 2023 | HK$99.2b | HK$468.8b | -HK$4,248,104,486.00 | 4x | -23.4x | 0.2x |
| Mon, 13 Nov 2023 | HK$97.6b | HK$458.2b | -HK$4,062,145,691.00 | 4x | -24x | 0.2x |
| Wed, 11 Oct 2023 | HK$99.9b | HK$460.1b | -HK$7,038,100,699.00 | 4x | -14.2x | 0.2x |
| Fri, 08 Sep 2023 | HK$101.3b | HK$459.4b | -HK$6,998,213,075.00 | 4x | -14.5x | 0.2x |
| Sun, 06 Aug 2023 | HK$107.6b | HK$477.5b | -HK$2,417,609,611.00 | 5x | -44.5x | 0.2x |
| Tue, 04 Jul 2023 | HK$95.5b | HK$474.2b | -HK$2,379,150,653.00 | 4.6x | -40.2x | 0.2x |
| Thu, 01 Jun 2023 | HK$99.8b | HK$483.2b | -HK$2,482,634,593.00 | 4.4x | -40.2x | 0.2x |
| Sat, 29 Apr 2023 | HK$108.9b | HK$498.8b | -HK$12,232,690.00 | 5.1x | -8901.6x | 0.2x |
Price to Earnings Ratio
-8901.6x
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 0.25x.
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 8.8% per year, which is driving profits down.
Industry Comparison
How does Hong Kong Steel compare with similar industries?
| HK Market | 1.66% | |
| Materials | -3.11% | |
| Metals and Mining | -3.37% | |
| Steel | 0.23% | |
| Copper | 1.58% | |
| Diversified Metals and Mining | -2.88% | |
| Silver | -3.09% | |
| Gold | -4.08% | |
| Aluminum | -4.87% | |
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 | |
|---|---|---|---|---|---|
| 826 Tiangong International | HK$3.57 | 6.9% +HK$626.8m | 79.4% | PE21.2x | |
| 2623 Add New Energy Investment Holdings Group | HK$5.99 | 17.2% +HK$462.4m | 1,074.5% | PS36.2x | |
| 639 Shougang Fushan Resources Group | HK$2.74 | 2.6% +HK$356.4m | 11.8% | PE22.1x | |
| 3788 Hanking Gold International | HK$3.97 | 1.3% +HK$110.1m | 242.2% | PE44.2x | |
| 323 Maanshan Iron & Steel | HK$2.69 | 0.4% +HK$77.0m | 63.0% | PS0.2x |
