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Hong Kong (HSI) Industrials Sector Analysis

UpdatedMay 01, 2026
DataAggregated Company Financials
Companies483
  • 7D-0.6%
  • 3M1.8%
  • 1Y35.8%
  • YTD8.0%

The Industrials is pretty flat in the last 7 days, but Weichai Power has stood out, gaining 9.3%. The past year has been better, since the industry has gained 36% in that time. 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?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 01 May 2026HK$5.2tHK$7.9tHK$320.6b11.8x16.2x0.7x
Sun, 29 Mar 2026HK$4.8tHK$7.9tHK$341.7b11.3x14.1x0.6x
Tue, 24 Feb 2026HK$5.1tHK$7.9tHK$358.6b11.8x14.3x0.7x
Thu, 22 Jan 2026HK$4.8tHK$7.8tHK$356.5b11.5x13.5x0.6x
Sat, 20 Dec 2025HK$4.5tHK$7.7tHK$353.0b11.1x12.8x0.6x
Mon, 17 Nov 2025HK$4.6tHK$7.6tHK$349.5b11.1x13.1x0.6x
Wed, 15 Oct 2025HK$4.4tHK$7.6tHK$354.6b11x12.3x0.6x
Fri, 12 Sep 2025HK$4.5tHK$7.8tHK$354.3b10.7x12.8x0.6x
Sun, 10 Aug 2025HK$4.5tHK$7.8tHK$362.7b10.9x12.4x0.6x
Tue, 08 Jul 2025HK$4.2tHK$7.8tHK$366.3b9.6x11.5x0.5x
Thu, 05 Jun 2025HK$4.1tHK$7.8tHK$364.9b10.1x11.4x0.5x
Sat, 03 May 2025HK$3.9tHK$7.7tHK$358.6b9.8x10.8x0.5x
Mon, 31 Mar 2025HK$4.0tHK$7.7tHK$368.8b9.8x10.8x0.5x
Wed, 26 Feb 2025HK$3.9tHK$7.6tHK$372.1b8.9x10.5x0.5x
Fri, 24 Jan 2025HK$3.8tHK$7.6tHK$372.8b8.5x10.2x0.5x
Sun, 22 Dec 2024HK$3.9tHK$7.6tHK$372.5b8.7x10.4x0.5x
Tue, 19 Nov 2024HK$3.9tHK$7.6tHK$376.3b8.6x10.5x0.5x
Thu, 17 Oct 2024HK$3.9tHK$7.7tHK$358.9b8.7x10.7x0.5x
Sat, 14 Sep 2024HK$3.4tHK$7.7tHK$359.7b7.9x9.5x0.4x
Mon, 12 Aug 2024HK$3.6tHK$7.6tHK$360.5b8.3x9.9x0.5x
Wed, 10 Jul 2024HK$3.6tHK$7.4tHK$326.4b8.7x10.9x0.5x
Fri, 07 Jun 2024HK$3.8tHK$7.4tHK$328.4b8.9x11.5x0.5x
Sun, 05 May 2024HK$3.6tHK$7.4tHK$330.4b8.3x10.8x0.5x
Tue, 02 Apr 2024HK$3.4tHK$7.4tHK$330.7b8x10.4x0.5x
Thu, 29 Feb 2024HK$3.4tHK$7.3tHK$352.9b7.9x9.5x0.5x
Sat, 27 Jan 2024HK$3.3tHK$7.4tHK$354.2b7.7x9.4x0.4x
Mon, 25 Dec 2023HK$3.3tHK$7.4tHK$355.0b8.2x9.2x0.4x
Wed, 22 Nov 2023HK$3.3tHK$7.4tHK$352.6b8.1x9.3x0.4x
Fri, 20 Oct 2023HK$3.1tHK$7.2tHK$350.7b7.9x8.9x0.4x
Sun, 17 Sep 2023HK$3.4tHK$7.2tHK$351.7b8.4x9.5x0.5x
Tue, 15 Aug 2023HK$3.5tHK$7.2tHK$408.7b9x8.6x0.5x
Thu, 13 Jul 2023HK$3.6tHK$7.2tHK$414.4b9.2x8.6x0.5x
Sat, 10 Jun 2023HK$3.6tHK$7.2tHK$415.2b9.4x8.7x0.5x
Mon, 08 May 2023HK$3.9tHK$7.4tHK$420.1b9.4x9.3x0.5x
Price to Earnings Ratio

9.3x


Total Market Cap: HK$3.9tTotal Earnings: HK$420.1bTotal Revenue: HK$7.4tTotal Market Cap vs Earnings and Revenue0%0%0%
Hong Kong Industrials Sector Price to Earnings3Y Average 10.9x202420252026
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 16.2x which is higher than its 3-year average PE of 10.9x.
  • 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 8.6% per year over the last three years.
  • Meanwhile revenues for these companies have grown 2.1% 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, which has decreased profits.

Industry Trends

Which industries have driven the changes within the Hong Kong Industrials sector?

HK Market-0.53%
Industrials-0.62%
Professional Services2.18%
Machinery1.66%
Commercial Services1.61%
Building0.63%
Industrials0.13%
Infrastructure-0.53%
Marine and Shipping-0.61%
Construction-0.89%
Trade Distributors-1.89%
Electrical-2.28%
Transportation-2.53%
Logistics-3.20%
Airlines-3.75%
Aerospace & Defense-4.31%
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 16.4%, which is lower than the prior year's growth of 31.1% per year.
Forecasted Growth
  • Analysts are most optimistic on the Airlines industry, expecting annual earnings growth of 38% 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 10% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
2338 Weichai PowerHK$38.648.7%
+HK$26.8b		152.2%PE25.7x
666 REPT BATTERO EnergyHK$17.6811.5%
+HK$4.3b		51.9%PE57.8x
1286 Impro Precision IndustriesHK$10.3714.7%
+HK$2.5b		325.0%PE27x
1308 SITC International HoldingsHK$32.682.9%
+HK$2.5b		72.5%PE9.2x
2670 Beijing Yunji TechnologyHK$292.0013.4%
+HK$2.4b		n/aPS58.9x

Latest News

753
HK$4.69
Air China
7D
-5.1%
1Y
1.3%
1519
HK$9.80
J&T Global Express
7D
-5.8%
1Y
62.3%

1519: Rising International Parcel Mix And Governance Revisions Will Support Higher Earnings Multiple

Analysts have slightly trimmed their price target for J&T Global Express to HK$14.99 from HK$15.10 as they factor in updated assumptions for revenue growth, profit margins, discount rate and future P/E. What's in the News J&T Global Express reported first quarter 2026 operating results, with total parcel volume of 8.326 billion and average daily parcel volume of 92.5 million for the period ended March 31, 2026 (Key Developments).
2338
HK$38.64
Weichai Power
7D
9.3%
1Y
154.2%
1286
HK$10.37
Impro Precision Industries
7D
13.5%
1Y
348.9%
2650
HK$22.30
Shanghai Zhida Technology Development
7D
-34.2%
1Y
n/a
1729
HK$20.66
Time Interconnect Technology
7D
-10.3%
1Y
407.6%
586
HK$12.13
China Conch Venture Holdings
7D
6.2%
1Y
51.8%
66
HK$33.36
MTR
7D
-3.3%
1Y
24.5%

66: Housing Recovery Exposure And Elevated P/E Will Shape Future Returns

Analysts have lifted their HK$ price target for MTR to HK$32.15 from HK$28.41, reflecting updated assumptions on profit margin, long term P/E and housing market exposure, even as some recent research has shifted its rating stance. Analyst Commentary Bullish Takeaways Bullish analysts highlight the higher HK$36.10 target as a sign that, on their assumptions, current pricing still leaves room for re rating if earnings and housing related contributions meet expectations.
6656
HK$570.00
Sigenergy Technology
7D
1.2%
1Y
n/a
1651
HK$47.70
Precision Tsugami (China)
7D
10.8%
1Y
125.5%
666
HK$17.68
REPT BATTERO Energy
7D
11.8%
1Y
57.6%

REPT BATTERO Energy's (HKG:666) Earnings Are Weaker Than They Seem

Apr 02
REPT BATTERO Energy's (HKG:666) Earnings Are Weaker Than They Seem
1133
HK$23.22
Harbin Electric
7D
2.6%
1Y
385.8%

Shareholders Can Be Confident That Harbin Electric's (HKG:1133) Earnings Are High Quality

Apr 02
Shareholders Can Be Confident That Harbin Electric's (HKG:1133) Earnings Are High Quality
2670
HK$292.00
Beijing Yunji Technology
7D
17.7%
1Y
n/a
1072
HK$39.08
Dongfang Electric
7D
-8.3%
1Y
268.7%
3808
HK$38.46
Sinotruk (Hong Kong)
7D
-9.1%
1Y
106.3%

Sinotruk (Hong Kong) Limited (HKG:3808) Released Earnings Last Week And Analysts Lifted Their Price Target To HK$37.87

Mar 30
Sinotruk (Hong Kong) Limited (HKG:3808) Released Earnings Last Week And Analysts Lifted Their Price Target To HK$37.87
2442
HK$30.54
Easy Smart Group Holdings
7D
-24.4%
1Y
2,466.4%