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Hong Kong (HSI) Industrials Sector Analysis

UpdatedDec 26, 2025
DataAggregated Company Financials
Companies479
  • 7D1.4%
  • 3M4.4%
  • 1Y20.2%
  • YTD22.0%

Over the last 7 days, the Industrials industry has risen 1.2%, driven by gains from Dongfang Electric of 11%. In the same time, Sinotruk (Hong Kong) was down 9.8%. This takes the industry's 12 month performance to a gain of 20%. As for the next few years, earnings are expected to grow by 15% per annum.

Sector Valuation and Performance

Has the Hong Kong Industrials Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 26 Dec 2025HK$4.6tHK$7.8tHK$353.8b11.1x12.9x0.6x
Sun, 23 Nov 2025HK$4.4tHK$7.7tHK$349.2b10.8x12.6x0.6x
Tue, 21 Oct 2025HK$4.3tHK$7.6tHK$355.2b10.9x12.2x0.6x
Thu, 18 Sep 2025HK$4.6tHK$7.8tHK$354.4b10.9x12.9x0.6x
Sat, 16 Aug 2025HK$4.5tHK$7.8tHK$354.7b11.1x12.8x0.6x
Mon, 14 Jul 2025HK$4.3tHK$7.8tHK$366.4b9.8x11.7x0.5x
Wed, 11 Jun 2025HK$4.2tHK$7.8tHK$365.1b10x11.5x0.5x
Fri, 09 May 2025HK$4.0tHK$7.7tHK$360.1b10x11x0.5x
Sun, 06 Apr 2025HK$3.9tHK$7.7tHK$356.5b9.6x10.9x0.5x
Tue, 04 Mar 2025HK$3.9tHK$7.6tHK$369.7b9x10.6x0.5x
Thu, 30 Jan 2025HK$3.8tHK$7.6tHK$374.1b8.8x10.3x0.5x
Sat, 28 Dec 2024HK$4.0tHK$7.6tHK$371.8b8.9x10.7x0.5x
Mon, 25 Nov 2024HK$3.9tHK$7.6tHK$375.6b8.6x10.3x0.5x
Wed, 23 Oct 2024HK$3.9tHK$7.7tHK$359.0b8.7x11x0.5x
Fri, 20 Sep 2024HK$3.5tHK$7.8tHK$360.5b8x9.7x0.5x
Sun, 18 Aug 2024HK$3.6tHK$7.6tHK$364.3b8.2x9.9x0.5x
Tue, 16 Jul 2024HK$3.6tHK$7.4tHK$327.2b8.6x10.9x0.5x
Thu, 13 Jun 2024HK$3.7tHK$7.4tHK$328.2b8.8x11.2x0.5x
Sat, 11 May 2024HK$3.8tHK$7.4tHK$331.3b8.8x11.4x0.5x
Mon, 08 Apr 2024HK$3.5tHK$7.4tHK$330.6b7.9x10.5x0.5x
Wed, 06 Mar 2024HK$3.3tHK$7.3tHK$352.0b7.9x9.5x0.5x
Fri, 02 Feb 2024HK$3.2tHK$7.4tHK$353.1b7.6x9.2x0.4x
Sun, 31 Dec 2023HK$3.4tHK$7.4tHK$354.9b8.2x9.5x0.5x
Tue, 28 Nov 2023HK$3.3tHK$7.4tHK$352.9b8.2x9.2x0.4x
Thu, 26 Oct 2023HK$3.1tHK$7.2tHK$350.6b7.9x9x0.4x
Sat, 23 Sep 2023HK$3.3tHK$7.2tHK$351.1b8.2x9.5x0.5x
Mon, 21 Aug 2023HK$3.4tHK$7.1tHK$370.3b8.8x9.2x0.5x
Wed, 19 Jul 2023HK$3.6tHK$7.2tHK$414.6b8.9x8.7x0.5x
Fri, 16 Jun 2023HK$3.6tHK$7.2tHK$413.9b9.4x8.8x0.5x
Sun, 14 May 2023HK$3.8tHK$7.4tHK$419.0b9.4x9x0.5x
Tue, 11 Apr 2023HK$3.8tHK$7.4tHK$437.5b9.8x8.7x0.5x
Thu, 09 Mar 2023HK$3.8tHK$7.3tHK$465.6b8.8x8.1x0.5x
Sat, 04 Feb 2023HK$3.9tHK$7.4tHK$474.7b9x8.2x0.5x
Mon, 02 Jan 2023HK$3.6tHK$7.2tHK$465.4b8.8x7.7x0.5x
Price to Earnings Ratio

7.7x


Total Market Cap: HK$3.6tTotal Earnings: HK$465.4bTotal Revenue: HK$7.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Hong Kong Industrials Sector Price to Earnings3Y Average 10.2x20242025
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 12.9x which is higher than its 3-year average PE of 10.2x.
  • The industry is trading close to its 3-year average PS ratio of 0.51x.
Past Earnings Growth
  • The earnings for companies in the Industrials industry have declined 8.7% per year over the last three years.
  • Meanwhile revenues for these companies have grown 2.4% 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 Market0.88%
Industrials1.39%
Electrical7.39%
Building5.36%
Professional Services1.78%
Marine and Shipping1.52%
Logistics1.48%
Aerospace & Defense1.34%
Construction1.33%
Commercial Services1.04%
Industrials0.92%
Transportation0.51%
Trade Distributors0.30%
Infrastructure0.23%
Airlines0.13%
Machinery0.11%
Industry PE
  • Investors are most optimistic about the Airlines industry, which is trading close to its 3-year average PE ratio of 25.0x.
    • Analysts are expecting annual earnings growth of 65.5%, which is higher than its past year's earnings growth of 16.6% per year.
Forecasted Growth
  • Analysts are most optimistic on the Airlines industry, expecting annual earnings growth of 65% over the next 5 years.
  • This is better than its past earnings growth rate of 17% per year.
  • In contrast, the Marine and Shipping industry is expected to see its earnings decline by 29% 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
1072 Dongfang ElectricHK$26.0215.6%
+HK$12.2b		171.0%PE24.9x
293 Cathay Pacific AirwaysHK$12.827.5%
+HK$6.0b		33.8%PE8.7x
1 CK Hutchison HoldingsHK$55.302.2%
+HK$4.6b		32.8%PE27.4x
1729 Time Interconnect TechnologyHK$17.3912.3%
+HK$3.8b		335.8%PE62.4x
1133 Harbin ElectricHK$17.0710.8%
+HK$3.7b		588.3%PE15.6x

Latest News

1919
HK$13.88
COSCO SHIPPING Holdings
7D
1.4%
1Y
9.3%

Are Investors Undervaluing COSCO SHIPPING Holdings Co., Ltd. (HKG:1919) By 22%?

Dec 26
Are Investors Undervaluing COSCO SHIPPING Holdings Co., Ltd. (HKG:1919) By 22%?
293
HK$12.82
Cathay Pacific Airways
7D
7.5%
1Y
33.8%
753
HK$6.80
Air China
7D
-3.5%
1Y
29.3%
1
HK$55.30
CK Hutchison Holdings
7D
2.2%
1Y
32.8%

1: AS Watson Listing Plan Will Drive A More Positive Risk Reward Profile

Analysts have slightly lifted their price target on CK Hutchison Holdings, citing a modest improvement in long term valuation assumptions, underpinned by stable growth expectations and profitability metrics. What's in the News CK Hutchison Holdings is exploring a potential listing of its health and beauty arm, A.S. Watson, with early-stage discussions under way with financial advisers about timing and structure (Key Developments).
1729
HK$17.39
Time Interconnect Technology
7D
12.3%
1Y
335.8%
656
HK$4.54
Fosun International
7D
-2.2%
1Y
-2.2%

656: Revised Profit Outlook Will Support Stronger Share Performance

Analysts have raised their price target for Fosun International by approximately 10 percent, increasing it to the equivalent of about 5.16 currency units from 4.68. They cited slightly stronger expectations for revenue growth and profitability, despite a modest uptick in the assumed discount rate and a lower future valuation multiple.
2655
HK$41.82
Guoxia Technology
7D
15.8%
1Y
n/a
1072
HK$26.02
Dongfang Electric
7D
15.6%
1Y
171.0%
7618
HK$13.63
JINGDONG Industrials
7D
-2.1%
1Y
n/a
53
HK$69.50
Guoco Group
7D
-2.1%
1Y
-1.1%

Guoco Group's (HKG:53) Returns On Capital Are Heading Higher

Dec 10
Guoco Group's (HKG:53) Returns On Capital Are Heading Higher
6198
HK$6.99
Qingdao Port International
7D
-1.1%
1Y
15.7%

If EPS Growth Is Important To You, Qingdao Port International (HKG:6198) Presents An Opportunity

Nov 26
If EPS Growth Is Important To You, Qingdao Port International (HKG:6198) Presents An Opportunity
1133
HK$17.07
Harbin Electric
7D
10.8%
1Y
588.3%
1800
HK$5.08
China Communications Construction
7D
-0.6%
1Y
-8.8%

China Communications Construction (HKG:1800) Will Pay A Smaller Dividend Than Last Year

Nov 17
China Communications Construction (HKG:1800) Will Pay A Smaller Dividend Than Last Year
666
HK$13.77
REPT BATTERO Energy
7D
10.9%
1Y
17.1%
3808
HK$26.98
Sinotruk (Hong Kong)
7D
-7.2%
1Y
20.4%

Sinotruk (Hong Kong) Limited's (HKG:3808) 28% Price Boost Is Out Of Tune With Earnings

Nov 06
Sinotruk (Hong Kong) Limited's (HKG:3808) 28% Price Boost Is Out Of Tune With Earnings
2670
HK$114.40
Beijing Yunji Technology
7D
-12.4%
1Y
n/a