Mongolian Mining Corporation's (HKG:975) 35% Price Boost Is Out Of Tune With Earnings
Sep 15
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Hong Kong (HSI) Steel Industry Analysis
UpdatedSep 19, 2025
DataAggregated Company Financials
Companies22
- 7D0.5%
- 3M32.0%
- 1Y73.6%
- YTDn/a
The Steel industry is up 1.4% in the last week, with Mongolian Mining up 8.5%. This takes the industry's 12 month performance to a gain of 78%. As for the next few years, earnings are expected to grow by 92% 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 |
|---|---|---|---|---|---|---|
| Fri, 19 Sep 2025 | HK$122.9b | HK$369.6b | -HK$11,536,314,428.72 | 9.8x | -10.7x | 0.3x |
| Sun, 17 Aug 2025 | HK$123.1b | HK$393.9b | -HK$10,964,966,938.21 | 5.2x | -11.2x | 0.3x |
| Tue, 15 Jul 2025 | HK$114.9b | HK$395.5b | -HK$11,027,410,698.22 | 5.2x | -10.4x | 0.3x |
| Thu, 12 Jun 2025 | HK$105.5b | HK$395.3b | -HK$11,363,088,488.25 | 4.6x | -9.3x | 0.3x |
| Sat, 10 May 2025 | HK$97.6b | HK$389.2b | -HK$11,133,436,939.98 | 4.1x | -8.8x | 0.3x |
| Mon, 07 Apr 2025 | HK$98.9b | HK$391.5b | -HK$12,267,217,620.06 | 4x | -8.1x | 0.3x |
| Wed, 05 Mar 2025 | HK$100.9b | HK$411.2b | -HK$8,581,693,789.35 | 7x | -11.8x | 0.2x |
| Fri, 31 Jan 2025 | HK$98.7b | HK$413.2b | -HK$8,637,577,047.76 | 6.6x | -11.4x | 0.2x |
| Sun, 29 Dec 2024 | HK$100.4b | HK$409.1b | -HK$8,521,165,775.32 | 6.7x | -11.8x | 0.2x |
| Tue, 26 Nov 2024 | HK$95.9b | HK$412.8b | -HK$8,630,008,270.64 | 7.2x | -11.1x | 0.2x |
| Thu, 24 Oct 2024 | HK$95.9b | HK$431.6b | -HK$4,276,707,551.64 | 6.8x | -22.4x | 0.2x |
| Sat, 21 Sep 2024 | HK$80.9b | HK$437.0b | -HK$4,367,889,257.74 | 8x | -18.5x | 0.2x |
| Mon, 19 Aug 2024 | HK$85.0b | HK$441.5b | -HK$4,946,081,779.90 | 7.1x | -17.2x | 0.2x |
| Wed, 17 Jul 2024 | HK$91.9b | HK$436.2b | -HK$4,965,226,027.16 | 7.5x | -18.5x | 0.2x |
| Fri, 14 Jun 2024 | HK$92.1b | HK$437.3b | -HK$4,985,879,579.21 | 7.9x | -18.5x | 0.2x |
| Sun, 12 May 2024 | HK$99.5b | HK$438.9b | -HK$5,016,599,644.89 | 8x | -19.8x | 0.2x |
| Tue, 09 Apr 2024 | HK$98.2b | HK$448.8b | -HK$3,360,718,987.24 | 7.3x | -29.2x | 0.2x |
| Thu, 07 Mar 2024 | HK$106.8b | HK$447.9b | -HK$2,699,222,242.62 | 4.2x | -39.6x | 0.2x |
| Sat, 03 Feb 2024 | HK$98.7b | HK$469.8b | -HK$4,261,348,065.00 | 3.8x | -23.2x | 0.2x |
| Mon, 01 Jan 2024 | HK$103.4b | HK$469.4b | -HK$4,257,427,580.00 | 4.3x | -24.3x | 0.2x |
| Wed, 29 Nov 2023 | HK$102.1b | HK$465.5b | -HK$4,198,662,868.00 | 4.3x | -24.3x | 0.2x |
| Fri, 27 Oct 2023 | HK$97.8b | HK$458.9b | -HK$7,006,354,888.00 | 4x | -14x | 0.2x |
| Sun, 24 Sep 2023 | HK$103.4b | HK$460.1b | -HK$7,035,653,864.00 | 4x | -14.7x | 0.2x |
| Tue, 22 Aug 2023 | HK$101.1b | HK$473.6b | -HK$1,282,141,204.00 | 4x | -78.8x | 0.2x |
| Thu, 20 Jul 2023 | HK$97.9b | HK$474.4b | -HK$2,381,013,490.00 | 4.7x | -41.1x | 0.2x |
| Sat, 17 Jun 2023 | HK$97.2b | HK$482.0b | -HK$2,469,365,822.00 | 4.5x | -39.3x | 0.2x |
| Mon, 15 May 2023 | HK$109.6b | HK$493.3b | -HK$2,598,840,560.00 | 5.1x | -42.2x | 0.2x |
| Wed, 12 Apr 2023 | HK$108.7b | HK$511.5b | HK$2.2b | 5.5x | 48.5x | 0.2x |
| Fri, 10 Mar 2023 | HK$116.9b | HK$503.0b | HK$5.5b | 3.8x | 21.4x | 0.2x |
| Sun, 05 Feb 2023 | HK$119.6b | HK$516.4b | HK$5.5b | 4.1x | 21.6x | 0.2x |
| Tue, 03 Jan 2023 | HK$108.1b | HK$504.9b | HK$5.5b | 3.6x | 19.7x | 0.2x |
| Thu, 01 Dec 2022 | HK$112.1b | HK$532.6b | HK$8.7b | 3.8x | 12.9x | 0.2x |
| Sat, 29 Oct 2022 | HK$96.8b | HK$544.3b | HK$16.8b | 3.9x | 5.8x | 0.2x |
| Mon, 26 Sep 2022 | HK$109.8b | HK$551.0b | HK$16.9b | 4.6x | 6.5x | 0.2x |
Price to Earnings Ratio
6.5x
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 0.23x.
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 | -0.43% | |
| Materials | -2.24% | |
| Metals and Mining | -1.73% | |
| Steel | 0.53% | |
| Aluminum | 1.15% | |
| Copper | 0.35% | |
| Diversified Metals and Mining | -2.25% | |
| Silver | -3.03% | |
| Gold | -3.66% | |
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$10.94 | 8.5% +HK$892.4m | 46.8% | PE17.7x | |
| 3788 China Hanking Holdings | HK$3.26 | 10.9% +HK$614.5m | 328.9% | PE32.2x | |
| 1053 Chongqing Iron & Steel | HK$1.37 | 3.8% +HK$442.6m | 124.6% | PS0.4x | |
| 639 Shougang Fushan Resources Group | HK$2.81 | 1.4% +HK$203.6m | 9.8% | PE13.5x | |
| 103 Shougang Century Holdings | HK$0.82 | 9.3% +HK$185.4m | 160.3% | PE115.1x |
