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Hong Kong (HSI) Industrials Sector Analysis
UpdatedApr 06, 2026
DataAggregated Company Financials
Companies482
- 7D0.4%
- 3M4.9%
- 1Y28.7%
- YTD4.5%
The Industrials is pretty flat in the last 7 days, but Weichai Power has stood out, gaining 8.1%. As for the the longer term, the industry is up 29% over the past 12 months. As for the next few years, earnings are expected to grow by 14% per annum.
Sector Valuation and Performance
Has the Hong Kong Industrials Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 06 Apr 2026 | HK$4.9t | HK$7.8t | HK$318.3b | 11.2x | 15.3x | 0.6x |
| Wed, 04 Mar 2026 | HK$5.1t | HK$7.9t | HK$361.7b | 11.9x | 14.1x | 0.6x |
| Fri, 30 Jan 2026 | HK$4.9t | HK$7.9t | HK$357.4b | 11.7x | 13.8x | 0.6x |
| Sun, 28 Dec 2025 | HK$4.6t | HK$7.8t | HK$353.8b | 11.1x | 12.9x | 0.6x |
| Tue, 25 Nov 2025 | HK$4.4t | HK$7.7t | HK$349.2b | 10.8x | 12.7x | 0.6x |
| Thu, 23 Oct 2025 | HK$4.4t | HK$7.6t | HK$355.2b | 11x | 12.4x | 0.6x |
| Sat, 20 Sep 2025 | HK$4.5t | HK$7.8t | HK$354.1b | 10.8x | 12.8x | 0.6x |
| Mon, 18 Aug 2025 | HK$4.5t | HK$7.8t | HK$357.0b | 11.1x | 12.7x | 0.6x |
| Wed, 16 Jul 2025 | HK$4.3t | HK$7.8t | HK$366.3b | 9.9x | 11.8x | 0.6x |
| Fri, 13 Jun 2025 | HK$4.2t | HK$7.8t | HK$365.3b | 10x | 11.5x | 0.5x |
| Sun, 11 May 2025 | HK$4.0t | HK$7.7t | HK$360.4b | 10x | 11x | 0.5x |
| Tue, 08 Apr 2025 | HK$3.5t | HK$7.6t | HK$355.4b | 9x | 9.9x | 0.5x |
| Thu, 06 Mar 2025 | HK$4.0t | HK$7.6t | HK$373.5b | 9.1x | 10.7x | 0.5x |
| Sat, 01 Feb 2025 | HK$3.8t | HK$7.6t | HK$374.1b | 8.8x | 10.3x | 0.5x |
| Mon, 30 Dec 2024 | HK$4.0t | HK$7.6t | HK$371.9b | 8.9x | 10.7x | 0.5x |
| Wed, 27 Nov 2024 | HK$3.8t | HK$7.6t | HK$375.8b | 8.1x | 10.2x | 0.5x |
| Fri, 25 Oct 2024 | HK$3.9t | HK$7.7t | HK$359.1b | 8.7x | 10.9x | 0.5x |
| Sun, 22 Sep 2024 | HK$3.6t | HK$7.8t | HK$360.9b | 8.1x | 9.9x | 0.5x |
| Tue, 20 Aug 2024 | HK$3.7t | HK$7.6t | HK$365.4b | 8.2x | 10x | 0.5x |
| Thu, 18 Jul 2024 | HK$3.5t | HK$7.4t | HK$327.4b | 8.4x | 10.8x | 0.5x |
| Sat, 15 Jun 2024 | HK$3.7t | HK$7.4t | HK$328.1b | 8.8x | 11.2x | 0.5x |
| Mon, 13 May 2024 | HK$3.8t | HK$7.4t | HK$331.3b | 8.8x | 11.4x | 0.5x |
| Wed, 10 Apr 2024 | HK$3.5t | HK$7.4t | HK$330.7b | 8.1x | 10.6x | 0.5x |
| Fri, 08 Mar 2024 | HK$3.4t | HK$7.3t | HK$352.9b | 7.9x | 9.7x | 0.5x |
| Sun, 04 Feb 2024 | HK$3.2t | HK$7.4t | HK$352.8b | 7.7x | 9.1x | 0.4x |
| Tue, 02 Jan 2024 | HK$3.4t | HK$7.5t | HK$355.5b | 8.2x | 9.5x | 0.5x |
| Thu, 30 Nov 2023 | HK$3.2t | HK$7.4t | HK$354.8b | 7.9x | 9x | 0.4x |
| Sat, 28 Oct 2023 | HK$3.2t | HK$7.3t | HK$365.6b | 8.1x | 8.7x | 0.4x |
| Mon, 25 Sep 2023 | HK$3.3t | HK$7.2t | HK$351.2b | 8.2x | 9.5x | 0.5x |
| Wed, 23 Aug 2023 | HK$3.4t | HK$7.1t | HK$366.8b | 8.7x | 9.2x | 0.5x |
| Fri, 21 Jul 2023 | HK$3.6t | HK$7.2t | HK$414.8b | 8.8x | 8.6x | 0.5x |
| Sun, 18 Jun 2023 | HK$3.7t | HK$7.3t | HK$415.1b | 9.3x | 8.9x | 0.5x |
| Tue, 16 May 2023 | HK$3.8t | HK$7.4t | HK$419.0b | 9.3x | 9.1x | 0.5x |
| Thu, 13 Apr 2023 | HK$3.8t | HK$7.4t | HK$426.8b | 9.9x | 8.9x | 0.5x |
Price to Earnings Ratio
8.9x
Current Industry PE
- Investors are optimistic on the Hong Kong Industrials industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 15.3x which is higher than its 3-year average PE of 10.8x.
- The industry is trading close to its 3-year average PS ratio of 0.52x.
Past Earnings Growth
- The earnings for companies in the Industrials industry have declined 10% per year over the last three years.
- Meanwhile revenues have remained mostly flat.
- This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Hong Kong Industrials sector?
| HK Market | 0.95% | |
| Industrials | 0.44% | |
| Logistics | 4.32% | |
| Machinery | 2.98% | |
| Transportation | 1.82% | |
| Industrials | 1.35% | |
| Infrastructure | 0.18% | |
| Marine and Shipping | 0.047% | |
| Professional Services | -0.73% | |
| Aerospace & Defense | -1.14% | |
| Construction | -1.42% | |
| Trade Distributors | -1.83% | |
| Airlines | -2.00% | |
| Electrical | -2.29% | |
| Commercial Services | -2.68% | |
| Building | -4.09% | |
Industry PE
- Investors are most optimistic about the Airlines industry even though it's trading below its 3-year average PE ratio of 27.6x.
- Analysts are expecting annual earnings growth of 40.1%, which is higher than its past year's earnings growth of 12.7% per year.
Forecasted Growth
- Analysts are most optimistic on the Airlines industry, expecting annual earnings growth of 40% over the next 5 years.
- This is better than its past earnings growth rate of 13% per year.
- In contrast, the Marine and Shipping industry is expected to see its earnings decline by 20% 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 | |
|---|---|---|---|---|---|
| 2338 Weichai Power | HK$29.10 | 8.1% +HK$18.8b | 85.6% | PE20.2x | |
| 1519 J&T Global Express | HK$10.29 | 10.8% +HK$8.9b | 88.5% | PE58.9x | |
| 3808 Sinotruk (Hong Kong) | HK$42.54 | 6.8% +HK$7.5b | 109.6% | PE14.7x | |
| 1 CK Hutchison Holdings | HK$60.75 | 2.7% +HK$6.1b | 38.5% | PE19.6x | |
| 9880 Ubtech Robotics | HK$102.10 | 12.2% +HK$5.6b | 24.7% | PS22.5x |
