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Hong Kong (HSI) Industrials Sector Analysis
UpdatedAug 27, 2026
DataAggregated Company Financials
Companies485
- 7D1.3%
- 3M-4.7%
- 1Y6.3%
- YTD0.7%
Over the last 7 days, the Industrials industry has remained flat, although notably CITIC gained 4.6%. As for the the longer term, the industry is up 4.5% over the past 12 months. Looking forward, 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 |
|---|---|---|---|---|---|---|
| Thu, 27 Aug 2026 | HK$5.1t | HK$8.0t | HK$382.5b | 11.3x | 13.3x | 0.6x |
| Sat, 25 Jul 2026 | HK$4.9t | HK$7.9t | HK$333.4b | 11.4x | 14.7x | 0.6x |
| Mon, 22 Jun 2026 | HK$4.9t | HK$7.9t | HK$334.1b | 11.1x | 14.8x | 0.6x |
| Wed, 20 May 2026 | HK$5.3t | HK$7.9t | HK$320.1b | 11.9x | 16.5x | 0.7x |
| Fri, 17 Apr 2026 | HK$5.3t | HK$7.9t | HK$323.1b | 11.6x | 16.3x | 0.7x |
| Sun, 15 Mar 2026 | HK$5.0t | HK$7.9t | HK$354.3b | 11.5x | 14.1x | 0.6x |
| Tue, 10 Feb 2026 | HK$5.0t | HK$7.9t | HK$358.6b | 11.8x | 14.1x | 0.6x |
| Thu, 08 Jan 2026 | HK$4.7t | HK$7.8t | HK$354.6b | 11.2x | 13.1x | 0.6x |
| Sat, 06 Dec 2025 | HK$4.6t | HK$7.7t | HK$351.1b | 11x | 13x | 0.6x |
| Mon, 03 Nov 2025 | HK$4.4t | HK$7.6t | HK$348.7b | 11x | 12.7x | 0.6x |
| Wed, 01 Oct 2025 | HK$4.4t | HK$7.6t | HK$355.1b | 11x | 12.4x | 0.6x |
| Fri, 29 Aug 2025 | HK$4.5t | HK$7.8t | HK$355.5b | 11x | 12.6x | 0.6x |
| Sun, 27 Jul 2025 | HK$4.6t | HK$7.8t | HK$366.7b | 10.6x | 12.4x | 0.6x |
| Tue, 24 Jun 2025 | HK$4.2t | HK$7.8t | HK$365.7b | 10.4x | 11.5x | 0.5x |
| Thu, 22 May 2025 | HK$4.1t | HK$7.8t | HK$363.5b | 9.9x | 11.4x | 0.5x |
| Sat, 19 Apr 2025 | HK$3.8t | HK$7.7t | HK$356.5b | 9.2x | 10.6x | 0.5x |
| Mon, 17 Mar 2025 | HK$4.0t | HK$7.7t | HK$375.1b | 9.3x | 10.7x | 0.5x |
| Wed, 12 Feb 2025 | HK$3.8t | HK$7.6t | HK$372.2b | 8.7x | 10.3x | 0.5x |
| Fri, 10 Jan 2025 | HK$3.8t | HK$7.5t | HK$371.1b | 8.7x | 10.2x | 0.5x |
| Sun, 08 Dec 2024 | HK$4.0t | HK$7.6t | HK$373.6b | 8.5x | 10.6x | 0.5x |
| Tue, 05 Nov 2024 | HK$4.0t | HK$7.7t | HK$378.0b | 8.6x | 10.6x | 0.5x |
| Thu, 03 Oct 2024 | HK$4.1t | HK$7.8t | HK$361.8b | 8.7x | 11.2x | 0.5x |
| Sat, 31 Aug 2024 | HK$3.6t | HK$7.7t | HK$364.9b | 8.1x | 9.9x | 0.5x |
| Mon, 29 Jul 2024 | HK$3.5t | HK$7.4t | HK$327.6b | 8.2x | 10.7x | 0.5x |
| Wed, 26 Jun 2024 | HK$3.7t | HK$7.4t | HK$328.0b | 8.6x | 11.1x | 0.5x |
| Fri, 24 May 2024 | HK$3.8t | HK$7.4t | HK$330.3b | 8.6x | 11.5x | 0.5x |
| Sun, 21 Apr 2024 | HK$3.5t | HK$7.4t | HK$328.4b | 8.2x | 10.6x | 0.5x |
| Tue, 19 Mar 2024 | HK$3.5t | HK$7.3t | HK$363.0b | 7.7x | 9.7x | 0.5x |
| Thu, 15 Feb 2024 | HK$3.3t | HK$7.3t | HK$352.0b | 7.6x | 9.3x | 0.4x |
| Sat, 13 Jan 2024 | HK$3.3t | HK$7.4t | HK$353.5b | 8.2x | 9.4x | 0.4x |
| Mon, 11 Dec 2023 | HK$3.2t | HK$7.4t | HK$354.5b | 8.1x | 8.9x | 0.4x |
| Wed, 08 Nov 2023 | HK$3.2t | HK$7.3t | HK$350.4b | 8.1x | 9.1x | 0.4x |
| Fri, 06 Oct 2023 | HK$3.3t | HK$7.2t | HK$351.9b | 7.8x | 9.4x | 0.5x |
| Sun, 03 Sep 2023 | HK$3.4t | HK$7.2t | HK$353.1b | 8.5x | 9.6x | 0.5x |
Price to Earnings Ratio
9.6x
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 13.3x 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 3.5% 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 | 2.06% | |
| Industrials | 1.34% | |
| Professional Services | 13.28% | |
| Marine and Shipping | 4.22% | |
| Airlines | 3.66% | |
| Industrials | 2.81% | |
| Trade Distributors | 2.74% | |
| Commercial Services | 1.50% | |
| Infrastructure | 1.30% | |
| Electrical | 0.97% | |
| Construction | 0.60% | |
| Aerospace & Defense | 0.30% | |
| Machinery | -0.29% | |
| Building | -0.73% | |
| Transportation | -1.63% | |
| Logistics | -1.94% | |
Industry PE
- Investors are most optimistic about the Electrical industry which is trading above its 3-year average PE ratio.
- Analysts expect its future annual earnings growth (22.5%) to be largely in line with prior year's earnings growth.
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 | |
|---|---|---|---|---|---|
| 267 CITIC | HK$12.93 | 4.6% +HK$16.6b | 15.1% | PE5.5x | |
| 6656 Sigenergy Technology | HK$380.00 | 20.9% +HK$16.4b | n/a | PE17.9x | |
| 1308 SITC International Holdings | HK$47.42 | 7.3% +HK$8.8b | 56.1% | PE12.9x | |
| 1919 COSCO SHIPPING Holdings | HK$17.55 | 3.2% +HK$8.3b | 22.0% | PE9x | |
| 2442 Easy Smart Group Holdings | HK$95.50 | 24.8% +HK$7.7b | 3,335.3% | PS144.3x |