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Hong Kong (HSI) Industrials Sector Analysis
UpdatedApr 15, 2025
DataAggregated Company Financials
Companies485
- 7D8.6%
- 3M-1.0%
- 1Y4.8%
- YTD-3.1%
Over the last 7 days, the Industrials industry has dropped 5.6%, driven by CITIC declining 8.2%. As for the longer term, the industry's performance has been flat for the past year. Looking forward, earnings are forecast to grow by 13% annually.
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 |
|---|---|---|---|---|---|---|
| Tue, 15 Apr 2025 | HK$3.8t | HK$7.6t | HK$355.2b | 9.3x | 10.7x | 0.5x |
| Thu, 13 Mar 2025 | HK$4.0t | HK$7.6t | HK$386.4b | 9.3x | 10.4x | 0.5x |
| Sat, 08 Feb 2025 | HK$3.8t | HK$7.6t | HK$372.7b | 8.6x | 10.3x | 0.5x |
| Mon, 06 Jan 2025 | HK$3.8t | HK$7.6t | HK$371.2b | 8.8x | 10.3x | 0.5x |
| Wed, 04 Dec 2024 | HK$3.9t | HK$7.6t | HK$373.2b | 8.4x | 10.6x | 0.5x |
| Fri, 01 Nov 2024 | HK$3.9t | HK$7.7t | HK$376.6b | 8.6x | 10.4x | 0.5x |
| Sun, 29 Sep 2024 | HK$3.9t | HK$7.8t | HK$361.7b | 8.5x | 10.8x | 0.5x |
| Tue, 27 Aug 2024 | HK$3.6t | HK$7.7t | HK$373.1b | 8.2x | 9.7x | 0.5x |
| Thu, 25 Jul 2024 | HK$3.5t | HK$7.4t | HK$326.9b | 8.4x | 10.7x | 0.5x |
| Sat, 22 Jun 2024 | HK$3.7t | HK$7.4t | HK$327.7b | 8.9x | 11.2x | 0.5x |
| Mon, 20 May 2024 | HK$3.8t | HK$7.4t | HK$330.5b | 8.7x | 11.6x | 0.5x |
| Wed, 17 Apr 2024 | HK$3.5t | HK$7.4t | HK$328.4b | 8x | 10.7x | 0.5x |
| Fri, 15 Mar 2024 | HK$3.5t | HK$7.3t | HK$354.5b | 7.7x | 9.8x | 0.5x |
| Sun, 11 Feb 2024 | HK$3.3t | HK$7.3t | HK$352.8b | 7.6x | 9.2x | 0.4x |
| Tue, 09 Jan 2024 | HK$3.3t | HK$7.4t | HK$353.2b | 8.2x | 9.3x | 0.4x |
| Thu, 07 Dec 2023 | HK$3.2t | HK$7.4t | HK$354.7b | 8.2x | 9x | 0.4x |
| Sat, 04 Nov 2023 | HK$3.2t | HK$7.2t | HK$350.0b | 8x | 9.1x | 0.4x |
| Mon, 02 Oct 2023 | HK$3.3t | HK$7.2t | HK$352.6b | 8.1x | 9.4x | 0.5x |
| Wed, 30 Aug 2023 | HK$3.4t | HK$7.1t | HK$370.6b | 8.8x | 9.2x | 0.5x |
| Fri, 28 Jul 2023 | HK$3.7t | HK$7.2t | HK$414.9b | 8.9x | 8.8x | 0.5x |
| Sun, 25 Jun 2023 | HK$3.6t | HK$7.2t | HK$413.9b | 9.4x | 8.6x | 0.5x |
| Tue, 23 May 2023 | HK$3.2t | HK$7.3t | HK$417.1b | 9.3x | 7.7x | 0.4x |
| Thu, 20 Apr 2023 | HK$3.9t | HK$7.4t | HK$435.8b | 9.4x | 8.9x | 0.5x |
| Sat, 18 Mar 2023 | HK$3.8t | HK$7.3t | HK$463.5b | 8.7x | 8.2x | 0.5x |
| Mon, 13 Feb 2023 | HK$3.8t | HK$7.4t | HK$472.9b | 8.7x | 8.1x | 0.5x |
| Wed, 11 Jan 2023 | HK$3.7t | HK$7.4t | HK$472.1b | 8.9x | 7.9x | 0.5x |
| Fri, 09 Dec 2022 | HK$3.6t | HK$7.2t | HK$462.8b | 8.8x | 7.9x | 0.5x |
| Sun, 06 Nov 2022 | HK$3.3t | HK$7.0t | HK$455.2b | 8.9x | 7.2x | 0.5x |
| Tue, 04 Oct 2022 | HK$3.3t | HK$7.1t | HK$471.5b | 8.7x | 7x | 0.5x |
| Thu, 01 Sep 2022 | HK$3.8t | HK$7.1t | HK$480.4b | 10.1x | 7.9x | 0.5x |
| Sat, 30 Jul 2022 | HK$3.9t | HK$7.1t | HK$449.4b | 9.4x | 8.6x | 0.5x |
| Mon, 27 Jun 2022 | HK$3.9t | HK$7.2t | HK$450.3b | 9.9x | 8.7x | 0.5x |
| Wed, 25 May 2022 | HK$4.0t | HK$7.2t | HK$453.7b | 8.8x | 8.7x | 0.5x |
| Fri, 22 Apr 2022 | HK$4.0t | HK$7.3t | HK$441.1b | 8.7x | 9.2x | 0.6x |
Price to Earnings Ratio
9.2x
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 10.5x which is higher than its 3-year average PE of 9.3x.
- The industry is trading close to its 3-year average PS ratio of 0.50x.
Past Earnings Growth
- The earnings for companies in the Industrials industry have declined 6.9% 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 | 8.17% | |
| Industrials | 8.58% | |
| Aerospace & Defense | 19.65% | |
| Marine and Shipping | 15.98% | |
| Logistics | 13.38% | |
| Electrical | 12.76% | |
| Machinery | 11.39% | |
| Airlines | 9.71% | |
| Construction | 6.96% | |
| Infrastructure | 6.69% | |
| Commercial Services | 5.41% | |
| Trade Distributors | 5.17% | |
| Industrials | 4.20% | |
| Building | 3.42% | |
| Transportation | 2.64% | |
| Professional Services | 1.76% | |
Industry PE
- Investors are most optimistic about the Airlines industry which is trading above its 3-year average PE ratio of 14.3x.
- Analysts are expecting annual earnings growth of 54.0%, which is higher than its past year's earnings growth of 6.0% per year.
Forecasted Growth
- Analysts are most optimistic on the Airlines industry, expecting annual earnings growth of 54% over the next 5 years.
- This is better than its past earnings growth rate of 6.0% per year.
- In contrast, the Marine and Shipping industry is expected to see its earnings decline by 28% 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$11.64 | 16.9% +HK$26.1b | 33.9% | PE3.5x | |
| 267 CITIC | HK$8.92 | 8.4% +HK$20.1b | 28.3% | PE4.2x | |
| 2338 Weichai Power | HK$15.38 | 13.1% +HK$15.4b | -8.8% | PE11x | |
| 2618 JD Logistics | HK$11.98 | 16.3% +HK$10.3b | 56.4% | PE11.2x | |
| 753 Air China | HK$4.72 | 12.1% +HK$8.9b | 26.5% | PS0.5x |
