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Hong Kong (HSI) Industrials Sector Analysis
UpdatedAug 22, 2026
DataAggregated Company Financials
Companies484
- 7D3.0%
- 3M-6.1%
- 1Y7.0%
- YTD2.4%
Last week, the Industrials industry hasn't moved much but COSCO SHIPPING Holdings is up 16% in that time. As for the the longer term, the industry is up 4.6% over the past 12 months. Earnings are forecast to grow by 11% 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 |
|---|---|---|---|---|---|---|
| Sat, 22 Aug 2026 | HK$5.1t | HK$8.0t | HK$382.7b | 11.3x | 13.4x | 0.6x |
| Mon, 20 Jul 2026 | HK$4.7t | HK$7.9t | HK$333.2b | 10.9x | 14.2x | 0.6x |
| Wed, 17 Jun 2026 | HK$5.0t | HK$7.9t | HK$321.5b | 11.3x | 15.6x | 0.6x |
| Fri, 15 May 2026 | HK$5.4t | HK$7.9t | HK$320.8b | 12.1x | 16.8x | 0.7x |
| Sun, 12 Apr 2026 | HK$5.1t | HK$7.8t | HK$319.7b | 11.4x | 15.9x | 0.6x |
| Tue, 10 Mar 2026 | HK$5.0t | HK$7.9t | HK$363.3b | 11.6x | 13.8x | 0.6x |
| Thu, 05 Feb 2026 | HK$5.0t | HK$7.9t | HK$357.9b | 11.8x | 14x | 0.6x |
| Sat, 03 Jan 2026 | HK$4.6t | HK$7.8t | HK$355.4b | 10.9x | 13x | 0.6x |
| Mon, 01 Dec 2025 | HK$4.5t | HK$7.7t | HK$350.9b | 11x | 12.7x | 0.6x |
| Wed, 29 Oct 2025 | HK$4.5t | HK$7.6t | HK$355.9b | 11x | 12.6x | 0.6x |
| Fri, 26 Sep 2025 | HK$4.4t | HK$7.6t | HK$356.2b | 11x | 12.3x | 0.6x |
| Sun, 24 Aug 2025 | HK$4.5t | HK$7.8t | HK$356.1b | 10.9x | 12.8x | 0.6x |
| Tue, 22 Jul 2025 | HK$4.4t | HK$7.8t | HK$366.1b | 10.2x | 12.1x | 0.6x |
| Thu, 19 Jun 2025 | HK$4.2t | HK$7.8t | HK$365.6b | 10.1x | 11.6x | 0.5x |
| Sat, 17 May 2025 | HK$4.1t | HK$7.8t | HK$363.0b | 10.1x | 11.2x | 0.5x |
| Mon, 14 Apr 2025 | HK$3.7t | HK$7.7t | HK$356.1b | 8.9x | 10.5x | 0.5x |
| Wed, 12 Mar 2025 | HK$4.0t | HK$7.6t | HK$386.7b | 9.1x | 10.4x | 0.5x |
| Fri, 07 Feb 2025 | HK$3.8t | HK$7.6t | HK$372.5b | 8.7x | 10.3x | 0.5x |
| Sun, 05 Jan 2025 | HK$3.8t | HK$7.6t | HK$371.2b | 8.8x | 10.3x | 0.5x |
| Tue, 03 Dec 2024 | HK$3.9t | HK$7.6t | HK$373.5b | 8.3x | 10.5x | 0.5x |
| Thu, 31 Oct 2024 | HK$3.9t | HK$7.6t | HK$359.2b | 8.6x | 10.9x | 0.5x |
| Sat, 28 Sep 2024 | HK$3.9t | HK$7.8t | HK$361.6b | 8.5x | 10.8x | 0.5x |
| Mon, 26 Aug 2024 | HK$3.6t | HK$7.7t | HK$372.6b | 8.1x | 9.7x | 0.5x |
| Wed, 24 Jul 2024 | HK$3.5t | HK$7.4t | HK$326.9b | 8.4x | 10.7x | 0.5x |
| Fri, 21 Jun 2024 | HK$3.7t | HK$7.4t | HK$327.7b | 8.9x | 11.3x | 0.5x |
| Sun, 19 May 2024 | HK$3.8t | HK$7.4t | HK$330.5b | 8.7x | 11.6x | 0.5x |
| Tue, 16 Apr 2024 | HK$3.5t | HK$7.4t | HK$328.3b | 8x | 10.7x | 0.5x |
| Thu, 14 Mar 2024 | HK$3.5t | HK$7.3t | HK$347.5b | 7.9x | 10x | 0.5x |
| Sat, 10 Feb 2024 | HK$3.3t | HK$7.3t | HK$351.7b | 7.6x | 9.3x | 0.5x |
| Mon, 08 Jan 2024 | HK$3.3t | HK$7.4t | HK$353.9b | 8.2x | 9.5x | 0.5x |
| Wed, 06 Dec 2023 | HK$3.2t | HK$7.4t | HK$355.4b | 8x | 9x | 0.4x |
| Fri, 03 Nov 2023 | HK$3.2t | HK$7.2t | HK$349.8b | 8x | 9x | 0.4x |
| Sun, 01 Oct 2023 | HK$3.3t | HK$7.2t | HK$352.8b | 8.1x | 9.3x | 0.5x |
| Tue, 29 Aug 2023 | HK$3.4t | HK$7.2t | HK$371.6b | 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 13.2x 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 3.8% 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 | 3.64% | |
| Industrials | 3.03% | |
| Marine and Shipping | 17.29% | |
| Industrials | 5.48% | |
| Building | 3.01% | |
| Construction | 2.98% | |
| Infrastructure | 2.37% | |
| Logistics | 1.88% | |
| Transportation | 1.81% | |
| Commercial Services | 1.28% | |
| Aerospace & Defense | 1.05% | |
| Trade Distributors | -0.036% | |
| Electrical | -0.53% | |
| Machinery | -1.50% | |
| Professional Services | -1.52% | |
| Airlines | -1.74% | |
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 22.0%, 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$17.95 | 15.9% +HK$37.1b | 23.7% | PE9.3x | |
| 267 CITIC | HK$13.19 | 10.5% +HK$36.4b | 13.9% | PE5.6x | |
| 1308 SITC International Holdings | HK$49.06 | 20.3% +HK$22.5b | 61.8% | PE13.4x | |
| 316 Orient Overseas (International) | HK$176.70 | 19.3% +HK$18.9b | 19.9% | PE9.8x | |
| 2442 Easy Smart Group Holdings | HK$93.00 | 35.8% +HK$10.0b | 3,294.2% | PS140.5x |
