The Market Lifts Kinetic Development Group Limited (HKG:1277) Shares 28% But It Can Do More
May 13
Hong Kong (HSI) Oil and Gas Industry Analysis
UpdatedMay 19, 2024
DataAggregated Company Financials
Companies37
- 7D-1.7%
- 3M27.9%
- 1Y29.7%
- YTD37.4%
Over the last 7 days, the Oil and Gas industry has dropped 1.7%, driven by a pullback from CNOOC of 5.6%. Over the past 12 months, the industry was up 30%. In the next few years earnings are forecast to be pretty stable.
Industry Valuation and Performance
Has the Hong Kong Oil and Gas Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 19 May 2024 | HK$5.0t | HK$8.1t | HK$486.4b | 7.1x | 10.2x | 0.6x |
| Tue, 16 Apr 2024 | HK$5.1t | HK$8.0t | HK$487.1b | 6.5x | 10.6x | 0.6x |
| Thu, 14 Mar 2024 | HK$4.5t | HK$8.3t | HK$500.2b | 6.5x | 9x | 0.5x |
| Sat, 10 Feb 2024 | HK$4.3t | HK$8.3t | HK$499.2b | 5.9x | 8.6x | 0.5x |
| Mon, 08 Jan 2024 | HK$3.9t | HK$8.4t | HK$501.4b | 6.4x | 7.9x | 0.5x |
| Wed, 06 Dec 2023 | HK$3.7t | HK$8.4t | HK$501.6b | 6.1x | 7.4x | 0.4x |
| Fri, 03 Nov 2023 | HK$3.7t | HK$8.2t | HK$492.2b | 6.5x | 7.5x | 0.5x |
| Sun, 01 Oct 2023 | HK$4.0t | HK$8.2t | HK$494.8b | 6.6x | 8x | 0.5x |
| Tue, 29 Aug 2023 | HK$3.8t | HK$8.3t | HK$495.2b | 6.4x | 7.7x | 0.5x |
| Thu, 27 Jul 2023 | HK$3.9t | HK$8.6t | HK$534.0b | 6.4x | 7.2x | 0.5x |
| Sat, 24 Jun 2023 | HK$3.7t | HK$8.6t | HK$532.7b | 5.9x | 7x | 0.4x |
| Mon, 22 May 2023 | HK$4.0t | HK$8.8t | HK$544.5b | 6.5x | 7.4x | 0.5x |
| Wed, 19 Apr 2023 | HK$4.0t | HK$9.0t | HK$557.3b | 6.1x | 7.1x | 0.4x |
| Fri, 17 Mar 2023 | HK$3.4t | HK$8.7t | HK$525.4b | 5.1x | 6.4x | 0.4x |
| Sun, 12 Feb 2023 | HK$3.2t | HK$8.8t | HK$533.4b | 5.6x | 6.1x | 0.4x |
| Tue, 10 Jan 2023 | HK$3.1t | HK$8.8t | HK$532.6b | 5.4x | 5.8x | 0.3x |
| Thu, 08 Dec 2022 | HK$3.1t | HK$8.5t | HK$514.4b | 5.5x | 6.1x | 0.4x |
| Sat, 05 Nov 2022 | HK$3.0t | HK$8.2t | HK$493.9b | 5.5x | 6.1x | 0.4x |
| Mon, 03 Oct 2022 | HK$3.2t | HK$8.1t | HK$470.3b | 4.9x | 6.7x | 0.4x |
| Wed, 31 Aug 2022 | HK$3.4t | HK$8.4t | HK$480.4b | 5.5x | 7x | 0.4x |
| Fri, 29 Jul 2022 | HK$3.2t | HK$8.0t | HK$425.5b | 5.8x | 7.5x | 0.4x |
| Sun, 26 Jun 2022 | HK$3.3t | HK$8.1t | HK$430.1b | 5.9x | 7.6x | 0.4x |
| Tue, 24 May 2022 | HK$3.4t | HK$8.1t | HK$429.7b | 6.3x | 7.8x | 0.4x |
| Thu, 21 Apr 2022 | HK$3.4t | HK$7.9t | HK$387.4b | 6.9x | 8.8x | 0.4x |
| Sat, 19 Mar 2022 | HK$3.1t | HK$7.3t | HK$335.9b | 7.5x | 9.3x | 0.4x |
| Mon, 14 Feb 2022 | HK$3.3t | HK$7.2t | HK$336.1b | 8.1x | 9.9x | 0.5x |
| Wed, 12 Jan 2022 | HK$3.0t | HK$7.2t | HK$335.0b | 6.7x | 8.9x | 0.4x |
| Fri, 10 Dec 2021 | HK$2.9t | HK$7.3t | HK$336.7b | 6.3x | 8.6x | 0.4x |
| Sun, 07 Nov 2021 | HK$2.8t | HK$7.2t | HK$333.4b | 7.7x | 8.3x | 0.4x |
| Tue, 05 Oct 2021 | HK$3.2t | HK$6.6t | HK$373.5b | 9.6x | 8.6x | 0.5x |
| Thu, 02 Sep 2021 | HK$2.8t | HK$6.6t | HK$372.7b | 9x | 7.6x | 0.4x |
| Sat, 31 Jul 2021 | HK$2.6t | HK$6.6t | HK$372.7b | 8.5x | 6.9x | 0.4x |
Price to Earnings Ratio
10.2x
Current Industry PE
- Investors are optimistic on the Hong Kong Oil and Gas industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 10.2x which is higher than its 3-year average PE of 7.8x.
- The industry is trading close to its 3-year average PS ratio of 0.44x.
Past Earnings Growth
- The earnings for companies in the Oil and Gas industry have grown 21% per year over the last three years.
- Revenues for these companies have grown 11% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Hong Kong Energy industry?
| HK Market | 2.56% | |
| Energy | -1.57% | |
| Oil and Gas | -1.65% | |
| Oil and Gas Storage and Transportation | 2.91% | |
| Oil and Gas Refining and Marketing | 2.44% | |
| Integrated Oil and Gas | -0.34% | |
| Coal and Fuels | -1.80% | |
| Oil and Gas Exploration and Production | -5.45% | |
Industry PE
- Investors are most optimistic about the Oil and Gas Storage and Transportation industry which is trading above its 3-year average PE ratio.
- Analysts are expecting annual earnings growth of 21.8%, which is lower than the prior year's growth of 51.7% per year.
- Investors are most pessimistic about the Oil and Gas Exploration and Production industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 5.5x.
Forecasted Growth
- Analysts are most optimistic on the Oil and Gas Storage and Transportation industry, expecting annual earnings growth of 22% over the next 5 years.
- However this is lower than its past earnings growth rate of 52% per year.
- In contrast, the Integrated Oil and Gas industry is expected to see its earnings decline by 2.1% 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 | |
|---|---|---|---|---|---|
| 386 China Petroleum & Chemical | HK$5.21 | 2.4% +HK$14.6b | 0.8% | PE10.4x | |
| 1164 CGN Mining | HK$2.64 | 10.9% +HK$2.0b | 210.6% | PE40.4x | |
| 1138 COSCO SHIPPING Energy Transportation | HK$10.56 | 3.1% +HK$1.5b | 49.8% | PE13.4x | |
| 1277 Kinetic Development Group | HK$1.13 | 13.0% +HK$1.1b | 68.7% | PE4.2x | |
| 956 China Suntien Green Energy | HK$3.74 | 3.3% +HK$572.0m | 21.4% | PE6.8x |
