Hong Kong (HSI) Industrials Sector Analysis

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
Mon, 13 Jul 2026	HK$4.8t	HK$7.9t	HK$332.3b	11.1x	14.3x	0.6x
Wed, 10 Jun 2026	HK$5.0t	HK$7.9t	HK$320.8b	11.5x	15.7x	0.6x
Fri, 08 May 2026	HK$5.3t	HK$7.9t	HK$319.9b	12x	16.6x	0.7x
Sun, 05 Apr 2026	HK$4.9t	HK$7.8t	HK$318.1b	11.3x	15.3x	0.6x
Tue, 03 Mar 2026	HK$5.2t	HK$7.9t	HK$364.0b	11.7x	14.3x	0.7x
Thu, 29 Jan 2026	HK$4.9t	HK$7.8t	HK$357.3b	11.6x	13.8x	0.6x
Sat, 27 Dec 2025	HK$4.6t	HK$7.8t	HK$353.8b	11.1x	12.9x	0.6x
Mon, 24 Nov 2025	HK$4.4t	HK$7.7t	HK$349.1b	10.8x	12.6x	0.6x
Wed, 22 Oct 2025	HK$4.4t	HK$7.6t	HK$355.2b	11x	12.5x	0.6x
Fri, 19 Sep 2025	HK$4.5t	HK$7.8t	HK$354.4b	10.7x	12.8x	0.6x
Sun, 17 Aug 2025	HK$4.5t	HK$7.8t	HK$356.9b	11.1x	12.7x	0.6x
Tue, 15 Jul 2025	HK$4.3t	HK$7.8t	HK$366.4b	10x	11.8x	0.6x
Thu, 12 Jun 2025	HK$4.2t	HK$7.8t	HK$365.0b	10x	11.6x	0.5x
Sat, 10 May 2025	HK$4.0t	HK$7.7t	HK$360.3b	10x	11x	0.5x
Mon, 07 Apr 2025	HK$3.9t	HK$7.7t	HK$356.5b	9.6x	10.9x	0.5x
Wed, 05 Mar 2025	HK$3.9t	HK$7.6t	HK$370.5b	9x	10.6x	0.5x
Fri, 31 Jan 2025	HK$3.8t	HK$7.6t	HK$374.0b	8.8x	10.3x	0.5x
Sun, 29 Dec 2024	HK$4.0t	HK$7.6t	HK$371.9b	8.9x	10.7x	0.5x
Tue, 26 Nov 2024	HK$3.9t	HK$7.6t	HK$375.6b	8.4x	10.3x	0.5x
Thu, 24 Oct 2024	HK$4.0t	HK$7.7t	HK$358.7b	8.8x	11.1x	0.5x
Sat, 21 Sep 2024	HK$3.6t	HK$7.8t	HK$360.8b	8.1x	9.8x	0.5x
Mon, 19 Aug 2024	HK$3.6t	HK$7.6t	HK$364.3b	8.2x	9.9x	0.5x
Wed, 17 Jul 2024	HK$3.5t	HK$7.4t	HK$327.0b	8.5x	10.8x	0.5x
Fri, 14 Jun 2024	HK$3.7t	HK$7.4t	HK$328.2b	8.8x	11.2x	0.5x
Sun, 12 May 2024	HK$3.8t	HK$7.4t	HK$331.3b	8.8x	11.4x	0.5x
Tue, 09 Apr 2024	HK$3.5t	HK$7.4t	HK$330.8b	8.1x	10.6x	0.5x
Thu, 07 Mar 2024	HK$3.4t	HK$7.3t	HK$352.2b	7.9x	9.7x	0.5x
Sat, 03 Feb 2024	HK$3.2t	HK$7.4t	HK$355.3b	7.7x	9x	0.4x
Mon, 01 Jan 2024	HK$3.4t	HK$7.4t	HK$354.9b	8.2x	9.5x	0.5x
Wed, 29 Nov 2023	HK$3.2t	HK$7.4t	HK$353.3b	8x	9.2x	0.4x
Fri, 27 Oct 2023	HK$3.1t	HK$7.2t	HK$350.6b	7.9x	9x	0.4x
Sun, 24 Sep 2023	HK$3.3t	HK$7.2t	HK$351.2b	8.2x	9.5x	0.5x
Tue, 22 Aug 2023	HK$3.4t	HK$7.1t	HK$369.9b	8.6x	9.2x	0.5x
Thu, 20 Jul 2023	HK$3.6t	HK$7.2t	HK$413.6b	8.9x	8.7x	0.5x

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 14.3x which is higher than its 3-year average PE of 11.4x.

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 declined 7.0% per year over the last three years.
Meanwhile revenues for these companies have grown 3.3% 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 Market	1.31%
Industrials	-1.16%
Industrials	3.46%
Marine and Shipping	1.80%
Aerospace & Defense	1.22%
Professional Services	0.78%
Logistics	0.75%
Infrastructure	0.26%
Commercial Services	0.24%
Construction	-0.72%
Transportation	-0.88%
Airlines	-0.93%
Trade Distributors	-1.06%
Building	-1.10%
Machinery	-4.97%
Electrical	-6.20%

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 (20.7%) 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 44% 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 12% 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
1 CK Hutchison Holdings	HK$68.80	6.3% +HK$15.7b	43.3%	PE22.3x
267 CITIC	HK$11.12	3.2% +HK$10.2b	1.3%	PE4.8x
19 Swire Pacific	HK$87.25	4.9% +HK$5.5b	26.0%	PE40.1x
1919 COSCO SHIPPING Holdings	HK$14.07	2.1% +HK$4.2b	1.5%	PE7.3x
7618 JINGDONG Industrials	HK$13.46	10.7% +HK$3.5b	n/a	PE13.7x

JINGDONG Industrials, Inc. Announces Board and Committee Changes, Effective July 1, 2026

JINGDONG Industrials, Inc. announced that Mr. Chunzheng Song tendered his resignation as an executive Director, a member of the Remuneration Committee and the authorized representative under Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited, with effect from July 1, 2026, due to personal health reasons. Mr. Peinuan Wang was appointed as an executive Director and the authorized representative, with effect from July 1, 2026. Mr. Peinuan Wang, aged 53, joined JD.com, Inc. in March 2018 and has since held multiple positions within JD Group and the Group. Mr. Wang served as head of key account business of JD Cloud from March 2018 to January 2021, head of strategic cooperation of JD Group from January 2021 to August 2024, head of enterprise business of JD Group from August 2024 to November 2025 and head of BOM business of the Company from November 2025 to June 2026, respectively. Prior to joining JD Group, Mr. Wang joined Lenovo Group Limited in 1998, and after the spin-off of Digital China Holdings Ltd. from Lenovo, Mr. Wang joined Digital China and served as head of key account business, commercial business, and mobile technology groups from 2000 to 2016. Mr. Wang served as head of key account business of 360 Security Technology Inc. from 2016 to 2018. Mr. Wang served as a director of China United Network Communications Limited from December 2021 to July 2023. Mr. Wang received his master’s degree in computer engineering from Shandong University of Science and Technology in 2007, his EMBA degree from China Europe International Business School in 2013 and his PhD in management from Beijing Jiaotong University in 2020. Following the resignation of Mr. Song, Ms. Yuen Shan Clara Chan, MH, JP was appointed as a member of the Remuneration Committee, with effect from July 1, 2026.

Hong Kong (HSI) Industrials Sector Analysis

Sector Valuation and Performance

Industry Trends

Top Stock Gainers and Losers

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