Chongqing Iron & Steel Company Limited's (HKG:1053) 102% Share Price Surge Not Quite Adding Up
Jul 02
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Hong Kong (HSI) Metals and Mining Industry Analysis
UpdatedJul 06, 2025
DataAggregated Company Financials
Companies55
- 7D3.1%
- 3M25.8%
- 1Y23.1%
- YTD48.8%
Over the last 7 days, the Metals and Mining industry has risen 3.1%, driven by gains from Zijin Mining Group of 2.7%. In the last 12 months, the industry was up 23%. As for the next few years, earnings are expected to grow by 15% per annum.
Industry Valuation and Performance
Has the Hong Kong Metals and Mining Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 07 Jul 2025 | HK$1.6t | HK$2.3t | HK$131.2b | 10.1x | 12.1x | 0.7x |
| Wed, 04 Jun 2025 | HK$1.4t | HK$2.3t | HK$130.4b | 9.3x | 10.7x | 0.6x |
| Fri, 02 May 2025 | HK$1.3t | HK$2.3t | HK$109.5b | 9.3x | 11.9x | 0.6x |
| Sun, 30 Mar 2025 | HK$1.4t | HK$2.3t | HK$102.6b | 10.4x | 13.5x | 0.6x |
| Tue, 25 Feb 2025 | HK$1.2t | HK$2.2t | HK$86.5b | 11.5x | 14.2x | 0.6x |
| Thu, 23 Jan 2025 | HK$1.2t | HK$2.2t | HK$86.5b | 10.8x | 14x | 0.5x |
| Sat, 21 Dec 2024 | HK$1.1t | HK$2.2t | HK$85.9b | 9.5x | 13.2x | 0.5x |
| Mon, 18 Nov 2024 | HK$1.2t | HK$2.2t | HK$86.9b | 9.6x | 13.7x | 0.5x |
| Wed, 16 Oct 2024 | HK$1.3t | HK$2.2t | HK$87.7b | 9.4x | 14.6x | 0.6x |
| Fri, 13 Sep 2024 | HK$1.1t | HK$2.3t | HK$87.7b | 8.3x | 12x | 0.5x |
| Sun, 11 Aug 2024 | HK$1.1t | HK$2.2t | HK$64.9b | 9.7x | 17.2x | 0.5x |
| Tue, 09 Jul 2024 | HK$1.3t | HK$2.2t | HK$64.2b | 11.8x | 20.4x | 0.6x |
| Thu, 06 Jun 2024 | HK$1.3t | HK$2.2t | HK$64.3b | 11.4x | 19.7x | 0.6x |
| Sat, 04 May 2024 | HK$1.3t | HK$2.2t | HK$64.4b | 11.9x | 20x | 0.6x |
| Mon, 01 Apr 2024 | HK$1.2t | HK$2.2t | HK$63.0b | 11x | 18.9x | 0.5x |
| Wed, 28 Feb 2024 | HK$978.1b | HK$2.2t | HK$45.3b | 10.2x | 21.6x | 0.4x |
| Fri, 26 Jan 2024 | HK$921.2b | HK$2.2t | HK$41.1b | 9.2x | 22.4x | 0.4x |
| Sun, 24 Dec 2023 | HK$909.0b | HK$2.3t | HK$41.2b | 9.3x | 22x | 0.4x |
| Tue, 21 Nov 2023 | HK$915.1b | HK$2.2t | HK$40.9b | 8.1x | 22.4x | 0.4x |
| Thu, 19 Oct 2023 | HK$924.8b | HK$2.2t | HK$33.4b | 8.9x | 27.7x | 0.4x |
| Sat, 16 Sep 2023 | HK$1.0t | HK$2.2t | HK$33.5b | 9.4x | 30.1x | 0.5x |
| Mon, 14 Aug 2023 | HK$980.0b | HK$2.2t | HK$53.0b | 8.1x | 18.5x | 0.4x |
| Wed, 12 Jul 2023 | HK$931.3b | HK$2.2t | HK$63.2b | 7.3x | 14.7x | 0.4x |
| Fri, 09 Jun 2023 | HK$927.8b | HK$2.3t | HK$63.8b | 7.3x | 14.5x | 0.4x |
| Sun, 07 May 2023 | HK$1.0t | HK$2.3t | HK$65.3b | 7.4x | 16.1x | 0.4x |
| Tue, 04 Apr 2023 | HK$1.0t | HK$2.4t | HK$75.0b | 7.3x | 13.5x | 0.4x |
| Thu, 02 Mar 2023 | HK$1.0t | HK$2.3t | HK$98.7b | 7.3x | 10.5x | 0.4x |
| Sat, 28 Jan 2023 | HK$1.0t | HK$2.4t | HK$99.2b | 7.3x | 10.5x | 0.4x |
| Mon, 26 Dec 2022 | HK$876.6b | HK$2.3t | HK$100.3b | 6.5x | 8.7x | 0.4x |
| Wed, 23 Nov 2022 | HK$811.6b | HK$2.3t | HK$95.9b | 5.7x | 8.5x | 0.4x |
| Fri, 21 Oct 2022 | HK$709.9b | HK$2.3t | HK$106.5b | 5.4x | 6.7x | 0.3x |
| Sun, 18 Sep 2022 | HK$814.8b | HK$2.3t | HK$109.0b | 6.1x | 7.5x | 0.3x |
| Tue, 16 Aug 2022 | HK$877.3b | HK$2.4t | HK$122.1b | 5.3x | 7.2x | 0.4x |
| Thu, 14 Jul 2022 | HK$877.2b | HK$2.4t | HK$122.2b | 5.3x | 7.2x | 0.4x |
Price to Earnings Ratio
7.2x
Current Industry PE
- Investors are pessimistic on the Hong Kong Metals and Mining industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 12.0x which is lower than its 3-year average PE of 15.4x.
- The industry is trading close to its 3-year average PS ratio of 0.48x.
Past Earnings Growth
- The earnings for companies in the Metals and Mining industry have grown 2.4% per year over the last three years, while revenues have remained mostly flat.
- This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.
Industry Trends
Which industries have driven the changes within the Hong Kong Materials industry?
| HK Market | -0.26% | |
| Materials | 3.25% | |
| Metals and Mining | 3.13% | |
| Silver | 9.30% | |
| Steel | 8.35% | |
| Diversified Metals and Mining | 4.08% | |
| Gold | 2.66% | |
| Aluminum | 2.25% | |
| Copper | 1.42% | |
Industry PE
- Investors are most optimistic about the Silver industry which is trading above its 3-year average PE ratio of 9.2x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
Forecasted Growth
- Analysts are most optimistic on the Steel industry, expecting annual earnings growth of 103% over the next 5 years.
- This is better than its past earnings growth rate of 1.2% per year.
- In contrast, the Aluminum industry is expected to see its earnings decline by 3.3% per year over the next few years.
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$21.05 | 2.7% +HK$14.6b | 19.2% | PE14.1x | |
| 3993 CMOC Group | HK$8.35 | 4.6% +HK$7.9b | 7.1% | PE10.6x | |
| 2610 Nanshan Aluminium International Holdings | HK$40.40 | 30.3% +HK$5.5b | n/a | PE7.5x | |
| 1378 China Hongqiao Group | HK$18.42 | 2.9% +HK$4.8b | 56.6% | PE7x | |
| 1053 Chongqing Iron & Steel | HK$1.32 | 43.5% +HK$3.5b | 120.0% | PS0.4x |
