Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Hong Kong (HSI) Industrials Sector Analysis

UpdatedApr 27, 2026
DataAggregated Company Financials
Companies483
  • 7D0.7%
  • 3M3.5%
  • 1Y38.3%
  • YTD8.9%

The Industrials is pretty flat in the last 7 days, but Weichai Power has stood out, gaining 13%. As for the the longer term, the industry is up 38% 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?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 27 Apr 2026HK$5.2tHK$7.9tHK$321.6b11.7x16.3x0.7x
Wed, 25 Mar 2026HK$4.8tHK$7.9tHK$346.9b11.3x14x0.6x
Fri, 20 Feb 2026HK$5.1tHK$7.9tHK$358.4b11.7x14.2x0.6x
Sun, 18 Jan 2026HK$4.7tHK$7.8tHK$356.3b11.1x13.3x0.6x
Tue, 16 Dec 2025HK$4.5tHK$7.7tHK$352.9b11.2x12.8x0.6x
Thu, 13 Nov 2025HK$4.6tHK$7.6tHK$348.7b11.3x13.2x0.6x
Sat, 11 Oct 2025HK$4.4tHK$7.6tHK$355.4b11.3x12.5x0.6x
Mon, 08 Sep 2025HK$4.4tHK$7.8tHK$354.5b10.6x12.5x0.6x
Wed, 06 Aug 2025HK$4.5tHK$7.8tHK$365.0b10.7x12.2x0.6x
Fri, 04 Jul 2025HK$4.3tHK$7.8tHK$366.7b9.8x11.6x0.5x
Sun, 01 Jun 2025HK$4.1tHK$7.8tHK$364.3b10.1x11.3x0.5x
Tue, 29 Apr 2025HK$3.8tHK$7.7tHK$356.1b9.5x10.8x0.5x
Thu, 27 Mar 2025HK$4.0tHK$7.7tHK$367.7b9.4x10.9x0.5x
Sat, 22 Feb 2025HK$3.9tHK$7.6tHK$373.0b9x10.5x0.5x
Mon, 20 Jan 2025HK$3.8tHK$7.6tHK$371.4b8.7x10.3x0.5x
Wed, 18 Dec 2024HK$3.9tHK$7.6tHK$372.7b8.7x10.5x0.5x
Fri, 15 Nov 2024HK$3.9tHK$7.6tHK$373.5b8.7x10.4x0.5x
Sun, 13 Oct 2024HK$4.0tHK$7.7tHK$360.3b9x11x0.5x
Tue, 10 Sep 2024HK$3.4tHK$7.7tHK$359.4b7.9x9.6x0.4x
Thu, 08 Aug 2024HK$3.6tHK$7.6tHK$361.3b8.1x9.9x0.5x
Sat, 06 Jul 2024HK$3.6tHK$7.4tHK$326.5b8.7x11x0.5x
Mon, 03 Jun 2024HK$3.8tHK$7.5tHK$330.7b8.7x11.4x0.5x
Wed, 01 May 2024HK$3.5tHK$7.4tHK$332.7b8.3x10.6x0.5x
Fri, 29 Mar 2024HK$3.5tHK$7.4tHK$327.0b7.7x10.8x0.5x
Sun, 25 Feb 2024HK$3.4tHK$7.3tHK$352.5b7.8x9.7x0.5x
Tue, 23 Jan 2024HK$3.1tHK$7.4tHK$352.6b7.7x8.7x0.4x
Thu, 21 Dec 2023HK$3.3tHK$7.4tHK$354.6b8x9.2x0.4x
Sat, 18 Nov 2023HK$3.2tHK$7.3tHK$350.2b7.9x9.2x0.4x
Mon, 16 Oct 2023HK$3.2tHK$7.2tHK$350.8b8.1x9.2x0.4x
Wed, 13 Sep 2023HK$3.3tHK$7.2tHK$351.3b8.3x9.5x0.5x
Fri, 11 Aug 2023HK$3.6tHK$7.2tHK$410.2b9x8.8x0.5x
Sun, 09 Jul 2023HK$3.5tHK$7.2tHK$413.8b9x8.6x0.5x
Tue, 06 Jun 2023HK$3.6tHK$7.3tHK$415.4b9.3x8.6x0.5x
Thu, 04 May 2023HK$3.8tHK$7.4tHK$420.2b9.5x9.1x0.5x
Price to Earnings Ratio

9.1x


Total Market Cap: HK$3.8tTotal Earnings: HK$420.2bTotal 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 16.3x 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 8.5% per year over the last three years.
  • Meanwhile revenues for these companies have grown 2.0% 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 Market0.18%
Industrials0.65%
Professional Services14.15%
Machinery3.88%
Infrastructure2.33%
Commercial Services1.78%
Transportation1.23%
Industrials1.01%
Building0.97%
Construction0.42%
Aerospace & Defense-0.24%
Airlines-0.86%
Trade Distributors-1.17%
Logistics-2.00%
Marine and Shipping-2.25%
Electrical-2.44%
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 17.1%, 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 47% 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 14% 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$35.5412.8%
+HK$34.9b		137.9%PE24.5x
669 Techtronic IndustriesHK$113.303.8%
+HK$7.5b		43.8%PE22.1x
1 CK Hutchison HoldingsHK$65.251.9%
+HK$4.6b		50.9%PE21.1x
267 CITICHK$12.940.9%
+HK$3.5b		40.7%PE5.6x
3808 Sinotruk (Hong Kong)HK$42.523.1%
+HK$3.5b		137.8%PE14.6x

Latest News

2618
HK$15.14
JD Logistics
7D
-4.6%
1Y
28.7%
669
HK$113.30
Techtronic Industries
7D
3.8%
1Y
43.8%

669: Cautious Report Will Highlight Dividends And Buybacks Supporting Future Confidence

Analysts have kept their fair value estimate for Techtronic Industries broadly unchanged, with a revised target of about HK$136.71. Small tweaks to the discount rate, long term revenue growth, profit margin assumptions and future P/E feed through into a largely stable outlook.
267
HK$12.94
CITIC
7D
0.9%
1Y
40.7%

267: Stable Dividend Policy And Earnings Assumptions Will Guide Future Repricing

Analysts have maintained their HK$13.90 fair value estimate for CITIC, citing slightly softer revenue growth assumptions along with a broadly stable profit margin and forward P/E outlook as the main factors supporting the unchanged price target. What's in the News CITIC has recommended a 2025 final dividend of RMB0.385 per share, compared with RMB0.36 per share for 2024, subject to shareholder approval at the 2026 AGM scheduled for 26 June 2026 (Key Developments).
1
HK$65.25
CK Hutchison Holdings
7D
1.9%
1Y
50.9%

CK Hutchison Holdings' (HKG:1) Soft Earnings Are Actually Better Than They Appear

Apr 24
CK Hutchison Holdings' (HKG:1) Soft Earnings Are Actually Better Than They Appear
2655
HK$34.92
Guoxia Technology
7D
-17.9%
1Y
n/a
66
HK$34.62
MTR
7D
1.2%
1Y
30.9%

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.
1308
HK$31.76
SITC International Holdings
7D
-9.9%
1Y
58.4%
9880
HK$105.00
Ubtech Robotics
7D
-7.8%
1Y
28.8%
6656
HK$582.00
Sigenergy Technology
7D
-3.0%
1Y
n/a
666
HK$15.85
REPT BATTERO Energy
7D
-5.4%
1Y
43.6%

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$22.52
Harbin Electric
7D
5.6%
1Y
370.1%

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
144
HK$15.96
China Merchants Port Holdings
7D
4.2%
1Y
30.0%
1072
HK$41.00
Dongfang Electric
7D
-1.7%
1Y
297.3%
2338
HK$35.54
Weichai Power
7D
12.8%
1Y
137.9%
3808
HK$42.52
Sinotruk (Hong Kong)
7D
3.1%
1Y
137.8%

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
753
HK$4.91
Air China
7D
-2.2%
1Y
4.5%