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Hong Kong (HSI) Industrials Sector Analysis
UpdatedAug 15, 2026
DataAggregated Company Financials
Companies484
- 7D-1.1%
- 3M-9.3%
- 1Y3.3%
- YTD-0.7%
Over the last 7 days, the Industrials industry has dropped 1.1%, driven by a pullback from JD Logistics of 16%. Over the past 12 months, the industry was up 3.3%. Earnings are forecast to grow by 12% 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 |
|---|---|---|---|---|---|---|
| Sun, 16 Aug 2026 | HK$5.0t | HK$8.0t | HK$381.0b | 10.9x | 13.1x | 0.6x |
| Tue, 14 Jul 2026 | HK$4.7t | HK$7.9t | HK$332.2b | 11x | 14.2x | 0.6x |
| Thu, 11 Jun 2026 | HK$4.9t | HK$7.9t | HK$320.9b | 11.4x | 15.3x | 0.6x |
| Sat, 09 May 2026 | HK$5.4t | HK$7.9t | HK$319.9b | 12.2x | 16.8x | 0.7x |
| Mon, 06 Apr 2026 | HK$4.9t | HK$7.8t | HK$318.3b | 11.2x | 15.3x | 0.6x |
| Wed, 04 Mar 2026 | HK$5.1t | HK$7.9t | HK$361.7b | 11.9x | 14.1x | 0.6x |
| Fri, 30 Jan 2026 | HK$4.9t | HK$7.9t | HK$357.4b | 11.7x | 13.8x | 0.6x |
| Sun, 28 Dec 2025 | HK$4.6t | HK$7.8t | HK$353.8b | 11.1x | 12.9x | 0.6x |
| Tue, 25 Nov 2025 | HK$4.4t | HK$7.7t | HK$349.2b | 10.8x | 12.7x | 0.6x |
| Thu, 23 Oct 2025 | HK$4.4t | HK$7.6t | HK$355.2b | 11x | 12.4x | 0.6x |
| Sat, 20 Sep 2025 | HK$4.5t | HK$7.8t | HK$354.1b | 10.8x | 12.8x | 0.6x |
| Mon, 18 Aug 2025 | HK$4.5t | HK$7.8t | HK$357.0b | 11.1x | 12.7x | 0.6x |
| Wed, 16 Jul 2025 | HK$4.3t | HK$7.8t | HK$366.3b | 9.9x | 11.8x | 0.6x |
| Fri, 13 Jun 2025 | HK$4.2t | HK$7.8t | HK$365.3b | 10x | 11.5x | 0.5x |
| Sun, 11 May 2025 | HK$4.0t | HK$7.7t | HK$360.4b | 10x | 11x | 0.5x |
| Tue, 08 Apr 2025 | HK$3.5t | HK$7.6t | HK$355.4b | 9x | 9.9x | 0.5x |
| Thu, 06 Mar 2025 | HK$4.0t | HK$7.6t | HK$373.5b | 9.1x | 10.7x | 0.5x |
| Sat, 01 Feb 2025 | HK$3.8t | HK$7.6t | HK$374.1b | 8.8x | 10.3x | 0.5x |
| Mon, 30 Dec 2024 | HK$4.0t | HK$7.6t | HK$371.9b | 8.9x | 10.7x | 0.5x |
| Wed, 27 Nov 2024 | HK$3.8t | HK$7.6t | HK$375.8b | 8.1x | 10.2x | 0.5x |
| Fri, 25 Oct 2024 | HK$3.9t | HK$7.7t | HK$359.1b | 8.7x | 10.9x | 0.5x |
| Sun, 22 Sep 2024 | HK$3.6t | HK$7.8t | HK$360.9b | 8.1x | 9.9x | 0.5x |
| Tue, 20 Aug 2024 | HK$3.7t | HK$7.6t | HK$365.4b | 8.2x | 10x | 0.5x |
| Thu, 18 Jul 2024 | HK$3.5t | HK$7.4t | HK$327.4b | 8.4x | 10.8x | 0.5x |
| Sat, 15 Jun 2024 | HK$3.7t | HK$7.4t | HK$328.1b | 8.8x | 11.2x | 0.5x |
| Mon, 13 May 2024 | HK$3.8t | HK$7.4t | HK$331.3b | 8.8x | 11.4x | 0.5x |
| Wed, 10 Apr 2024 | HK$3.5t | HK$7.4t | HK$330.7b | 8.1x | 10.6x | 0.5x |
| Fri, 08 Mar 2024 | HK$3.4t | HK$7.3t | HK$352.9b | 7.9x | 9.7x | 0.5x |
| Sun, 04 Feb 2024 | HK$3.2t | HK$7.4t | HK$352.8b | 7.7x | 9.1x | 0.4x |
| Tue, 02 Jan 2024 | HK$3.4t | HK$7.5t | HK$355.5b | 8.2x | 9.5x | 0.5x |
| Thu, 30 Nov 2023 | HK$3.2t | HK$7.4t | HK$354.8b | 7.9x | 9x | 0.4x |
| Sat, 28 Oct 2023 | HK$3.2t | HK$7.3t | HK$365.6b | 8.1x | 8.7x | 0.4x |
| Mon, 25 Sep 2023 | HK$3.3t | HK$7.2t | HK$351.2b | 8.2x | 9.5x | 0.5x |
| Wed, 23 Aug 2023 | HK$3.4t | HK$7.1t | HK$366.8b | 8.7x | 9.2x | 0.5x |
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 13.1x 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 3.9% 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 | -1.30% | |
| Industrials | -1.08% | |
| Professional Services | 3.33% | |
| Transportation | 3.20% | |
| Marine and Shipping | 1.24% | |
| Commercial Services | 0.45% | |
| Trade Distributors | 0.36% | |
| Infrastructure | -1.01% | |
| Industrials | -1.06% | |
| Electrical | -1.09% | |
| Aerospace & Defense | -1.12% | |
| Construction | -1.18% | |
| Machinery | -1.41% | |
| Building | -2.40% | |
| Airlines | -3.25% | |
| Logistics | -7.72% | |
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 38% 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 20% 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 | |
|---|---|---|---|---|---|
| 66 MTR | HK$33.24 | 4.2% +HK$8.3b | 21.1% | PE8.8x | |
| 19 Swire Pacific | HK$101.70 | 2.8% +HK$3.7b | 50.1% | PE15.4x | |
| 1308 SITC International Holdings | HK$40.78 | 3.3% +HK$3.6b | 51.9% | PE11.5x | |
| 9900 Hong Kong Zcloud Technology Construction | HK$6.10 | 17.5% +HK$2.7b | 234.2% | PE2604.2x | |
| 1729 Time Interconnect Technology | HK$16.54 | 7.8% +HK$2.7b | 38.5% | PE47.1x |
