Analysis Article • Aug 16
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Hong Kong (HSI) Industrials Sector Analysis
UpdatedAug 19, 2026
DataAggregated Company Financials
Companies484
- 7D0.4%
- 3M-7.1%
- 1Y5.3%
- YTD1.0%
Last week, the Industrials industry hasn't moved much but COSCO SHIPPING Holdings is up 8.2% in that time. The past year has been better, since the industry has gained 4.6% in that time. As for the next few years, earnings are expected to grow by 12% 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 |
|---|---|---|---|---|---|---|
| Wed, 19 Aug 2026 | HK$5.1t | HK$8.0t | HK$380.5b | 11.4x | 13.3x | 0.6x |
| Fri, 17 Jul 2026 | HK$4.8t | HK$7.9t | HK$333.3b | 11.1x | 14.4x | 0.6x |
| Sun, 14 Jun 2026 | HK$5.0t | HK$7.9t | HK$321.3b | 11.3x | 15.5x | 0.6x |
| Tue, 12 May 2026 | HK$5.4t | HK$7.9t | HK$320.1b | 12.4x | 17x | 0.7x |
| Thu, 09 Apr 2026 | HK$5.0t | HK$7.8t | HK$319.8b | 11.7x | 15.7x | 0.6x |
| Sat, 07 Mar 2026 | HK$5.1t | HK$7.9t | HK$364.1b | 11.8x | 14.1x | 0.6x |
| Mon, 02 Feb 2026 | HK$4.9t | HK$7.9t | HK$357.5b | 11.8x | 13.7x | 0.6x |
| Wed, 31 Dec 2025 | HK$4.6t | HK$7.8t | HK$354.9b | 11.2x | 12.9x | 0.6x |
| Fri, 28 Nov 2025 | HK$4.5t | HK$7.7t | HK$349.8b | 11.1x | 12.7x | 0.6x |
| Sun, 26 Oct 2025 | HK$4.4t | HK$7.6t | HK$355.3b | 11x | 12.5x | 0.6x |
| Tue, 23 Sep 2025 | HK$4.5t | HK$7.8t | HK$354.0b | 10.7x | 12.6x | 0.6x |
| Thu, 21 Aug 2025 | HK$4.5t | HK$7.8t | HK$356.8b | 11x | 12.7x | 0.6x |
| Sat, 19 Jul 2025 | HK$4.3t | HK$7.8t | HK$366.1b | 10x | 11.9x | 0.6x |
| Mon, 16 Jun 2025 | HK$4.2t | HK$7.8t | HK$365.2b | 10x | 11.6x | 0.5x |
| Wed, 14 May 2025 | HK$4.1t | HK$7.8t | HK$362.1b | 10.1x | 11.2x | 0.5x |
| Fri, 11 Apr 2025 | HK$3.7t | HK$7.6t | HK$354.7b | 9x | 10.4x | 0.5x |
| Sun, 09 Mar 2025 | HK$4.0t | HK$7.6t | HK$383.1b | 9.1x | 10.5x | 0.5x |
| Tue, 04 Feb 2025 | HK$3.8t | HK$7.6t | HK$374.1b | 8.6x | 10.2x | 0.5x |
| Thu, 02 Jan 2025 | HK$4.0t | HK$7.6t | HK$371.5b | 8.8x | 10.7x | 0.5x |
| Sat, 30 Nov 2024 | HK$3.9t | HK$7.6t | HK$374.7b | 8.2x | 10.3x | 0.5x |
| Mon, 28 Oct 2024 | HK$4.0t | HK$7.7t | HK$358.8b | 8.7x | 11x | 0.5x |
| Wed, 25 Sep 2024 | HK$3.6t | HK$7.8t | HK$361.3b | 8.2x | 10.1x | 0.5x |
| Fri, 23 Aug 2024 | HK$3.6t | HK$7.7t | HK$371.3b | 8.2x | 9.8x | 0.5x |
| Sun, 21 Jul 2024 | HK$3.5t | HK$7.4t | HK$327.1b | 8.4x | 10.7x | 0.5x |
| Tue, 18 Jun 2024 | HK$3.7t | HK$7.4t | HK$328.1b | 8.7x | 11.2x | 0.5x |
| Thu, 16 May 2024 | HK$3.8t | HK$7.4t | HK$331.2b | 8.6x | 11.5x | 0.5x |
| Sat, 13 Apr 2024 | HK$3.5t | HK$7.4t | HK$329.6b | 8.1x | 10.6x | 0.5x |
| Mon, 11 Mar 2024 | HK$3.4t | HK$7.3t | HK$347.4b | 7.9x | 9.9x | 0.5x |
| Wed, 07 Feb 2024 | HK$3.3t | HK$7.3t | HK$354.4b | 7.5x | 9.2x | 0.4x |
| Fri, 05 Jan 2024 | HK$3.4t | HK$7.4t | HK$353.4b | 8.2x | 9.5x | 0.5x |
| Sun, 03 Dec 2023 | HK$3.2t | HK$7.4t | HK$355.7b | 8.2x | 9x | 0.4x |
| Tue, 31 Oct 2023 | HK$3.2t | HK$7.3t | HK$375.5b | 8.2x | 8.5x | 0.4x |
| Thu, 28 Sep 2023 | HK$3.3t | HK$7.2t | HK$350.8b | 8.1x | 9.3x | 0.5x |
| Sat, 26 Aug 2023 | HK$3.3t | HK$7.2t | HK$371.8b | 8.9x | 9x | 0.5x |
Price to Earnings Ratio
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 13.3x which is higher than its 3-year average PE of 11.6x.
- The industry is trading close to its 3-year average PS ratio of 0.53x.
Past Earnings Growth
- The earnings for companies in the Industrials industry have remained mostly flat over the last three years.
- Meanwhile revenues for these companies have grown 3.7% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased and as a result, profits have held steady.
Industry Trends
Which industries have driven the changes within the Hong Kong Industrials sector?
| HK Market | 0.02% | |
| Industrials | 0.42% | |
| Marine and Shipping | 8.75% | |
| Professional Services | 5.82% | |
| Aerospace & Defense | 1.81% | |
| Building | 0.90% | |
| Infrastructure | 0.64% | |
| Trade Distributors | 0.59% | |
| Transportation | 0.46% | |
| Construction | 0.095% | |
| Electrical | -0.21% | |
| Machinery | -0.33% | |
| Industrials | -0.44% | |
| Commercial Services | -1.27% | |
| Airlines | -1.73% | |
| Logistics | -6.84% | |
Industry PE
- Investors are most optimistic about the Electrical industry which is trading above its 3-year average PE ratio.
- Analysts are expecting annual earnings growth of 22.1%, which is lower than the prior year's growth of 27.7% per year.
Forecasted Growth
- Analysts are most optimistic on the Airlines industry, expecting annual earnings growth of 39% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- In contrast, the Transportation industry is expected to see its earnings decline by 22% 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 | |
|---|---|---|---|---|---|
| 1919 COSCO SHIPPING Holdings | HK$17.00 | 11.3% +HK$25.9b | 17.2% | PE8.8x | |
| 267 CITIC | HK$12.36 | 4.0% +HK$13.7b | 6.9% | PE5.3x | |
| 316 Orient Overseas (International) | HK$166.90 | 12.3% +HK$12.1b | 13.3% | PE9.3x | |
| 1308 SITC International Holdings | HK$44.18 | 8.6% +HK$9.5b | 51.8% | PE12.5x | |
| 66 MTR | HK$33.36 | 3.3% +HK$6.6b | 22.2% | PE8.9x |
