Jiangxi Copper (HKG:358) Is Posting Promising Earnings But The Good News Doesn’t Stop There
Apr 02
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- 7D3.8%
- 3M4.4%
- 1Y117.4%
- YTD4.3%
In the last week, the Metals and Mining industry is up 3.8%, with China Hongqiao Group up 6.3%. In the last 12 months, the industry was up 117%. Earnings are forecast to grow by 27% annually.
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 |
|---|---|---|---|---|---|---|
| Sun, 05 Apr 2026 | HK$2.0t | HK$1.9t | HK$76.7b | 20.9x | 25.7x | 1x |
| Tue, 03 Mar 2026 | HK$2.3t | HK$1.9t | HK$77.3b | 20.1x | 29.7x | 1.2x |
| Thu, 29 Jan 2026 | HK$2.5t | HK$1.9t | HK$76.3b | 22.1x | 32.4x | 1.3x |
| Sat, 27 Dec 2025 | HK$1.8t | HK$1.8t | HK$75.3b | 17.1x | 24x | 1x |
| Mon, 24 Nov 2025 | HK$1.5t | HK$1.8t | HK$74.5b | 15x | 20.6x | 0.9x |
| Wed, 22 Oct 2025 | HK$1.5t | HK$1.8t | HK$65.6b | 16.8x | 22.8x | 0.8x |
| Fri, 19 Sep 2025 | HK$2.0t | HK$2.3t | HK$144.3b | 13.9x | 14x | 0.9x |
| Sun, 17 Aug 2025 | HK$1.8t | HK$2.3t | HK$136.7b | 12.4x | 13.4x | 0.8x |
| Tue, 15 Jul 2025 | HK$1.5t | HK$2.3t | HK$131.3b | 9.7x | 11.7x | 0.7x |
| Thu, 12 Jun 2025 | HK$1.5t | HK$2.3t | HK$130.5b | 10.7x | 11.3x | 0.6x |
| Sat, 10 May 2025 | HK$1.3t | HK$2.3t | HK$109.8b | 8.5x | 12.1x | 0.6x |
| Mon, 07 Apr 2025 | HK$1.3t | HK$2.3t | HK$98.9b | 9.9x | 13.3x | 0.6x |
| Wed, 05 Mar 2025 | HK$1.2t | HK$2.2t | HK$86.2b | 11.1x | 14.1x | 0.6x |
| Fri, 31 Jan 2025 | HK$1.2t | HK$2.2t | HK$86.7b | 10.8x | 14x | 0.5x |
| Sun, 29 Dec 2024 | HK$1.1t | HK$2.2t | HK$85.8b | 9.9x | 13.3x | 0.5x |
| Tue, 26 Nov 2024 | HK$1.2t | HK$2.2t | HK$86.6b | 9.9x | 13.6x | 0.5x |
| Thu, 24 Oct 2024 | HK$1.3t | HK$2.2t | HK$91.3b | 9.6x | 14.6x | 0.6x |
| Sat, 21 Sep 2024 | HK$1.2t | HK$2.3t | HK$88.4b | 9.1x | 13.2x | 0.5x |
| Mon, 19 Aug 2024 | HK$1.1t | HK$2.2t | HK$72.6b | 10x | 15.8x | 0.5x |
| Wed, 17 Jul 2024 | HK$1.3t | HK$2.2t | HK$64.2b | 11.3x | 20.8x | 0.6x |
| Fri, 14 Jun 2024 | HK$1.2t | HK$2.2t | HK$64.3b | 10.8x | 19.3x | 0.6x |
| Sun, 12 May 2024 | HK$1.3t | HK$2.2t | HK$64.5b | 12.4x | 20.8x | 0.6x |
| Tue, 09 Apr 2024 | HK$1.3t | HK$2.2t | HK$63.0b | 12x | 20.1x | 0.6x |
| Thu, 07 Mar 2024 | HK$1.0t | HK$2.2t | HK$45.1b | 10x | 22.7x | 0.5x |
| Sat, 03 Feb 2024 | HK$895.5b | HK$2.3t | HK$41.4b | 8.9x | 21.6x | 0.4x |
| Mon, 01 Jan 2024 | HK$941.6b | HK$2.3t | HK$41.4b | 9.7x | 22.7x | 0.4x |
| Wed, 29 Nov 2023 | HK$914.5b | HK$2.2t | HK$41.0b | 8.4x | 22.3x | 0.4x |
| Fri, 27 Oct 2023 | HK$927.8b | HK$2.2t | HK$33.3b | 8.4x | 27.8x | 0.4x |
| Sun, 24 Sep 2023 | HK$997.6b | HK$2.2t | HK$33.4b | 9.5x | 29.9x | 0.5x |
| Tue, 22 Aug 2023 | HK$937.4b | HK$2.2t | HK$46.4b | 8.5x | 20.2x | 0.4x |
| Thu, 20 Jul 2023 | HK$974.1b | HK$2.2t | HK$63.0b | 7.4x | 15.5x | 0.4x |
| Sat, 17 Jun 2023 | HK$959.4b | HK$2.3t | HK$63.8b | 7.1x | 15x | 0.4x |
| Mon, 15 May 2023 | HK$949.0b | HK$2.3t | HK$65.0b | 7.3x | 14.6x | 0.4x |
| Wed, 12 Apr 2023 | HK$1.1t | HK$2.4t | HK$72.8b | 7.4x | 14.8x | 0.5x |
Price to Earnings Ratio
14.8x
Current Industry PE
- Investors are optimistic on the Hong Kong Metals and Mining industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 25.7x which is higher than its 3-year average PE of 18.5x.
- The 3-year average PS ratio of 0.62x is lower than the industry's current PS ratio of 1.0x.
Past Earnings Growth
- The earnings for companies in the Metals and Mining industry have remained mostly flat over the last three years.
- Meanwhile revenues for these companies have declined 6.5% per year.
- This means that the cost of doing business could be reducing since sales have declined but profits have remained steady.
Industry Trends
Which industries have driven the changes within the Hong Kong Materials industry?
| HK Market | 0.95% | |
| Materials | 2.95% | |
| Metals and Mining | 3.78% | |
| Aluminum | 6.81% | |
| Diversified Metals and Mining | 3.42% | |
| Gold | 3.34% | |
| Silver | 2.15% | |
| Copper | -1.27% | |
| Steel | -1.69% | |
Industry PE
- Investors are most optimistic about the Gold industry which is trading above its 3-year average PE ratio of 24.3x.
- Analysts are expecting annual earnings growth of 28.2%, which is lower than the prior year's growth of 219.3% per year.
Forecasted Growth
- Analysts are most optimistic on the Steel industry, expecting annual earnings growth of 89% over the next 5 years.
- This is better than its past earnings decline of 4.3% per year.
- In contrast, the Aluminum industry is expected to see its earnings grow by 16% 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 | |
|---|---|---|---|---|---|
| 1378 China Hongqiao Group | HK$36.68 | 6.3% +HK$21.6b | 151.2% | PE14.1x | |
| 2600 Aluminum Corporation of China | HK$11.84 | 9.5% +HK$17.7b | 152.5% | PE14.1x | |
| 2259 Zijin Gold International | HK$176.10 | 2.4% +HK$11.0b | n/a | PE37.6x | |
| 1818 Zhaojin Mining Industry | HK$32.48 | 6.3% +HK$6.8b | 115.7% | PE28x | |
| 3939 Wanguo Gold Group | HK$13.57 | 9.3% +HK$5.1b | 235.9% | PE38.9x |
