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Hong Kong (HSI) Industrials Sector Analysis
UpdatedSep 18, 2025
DataAggregated Company Financials
Companies480
- 7D2.0%
- 3M11.4%
- 1Y35.1%
- YTD20.6%
The Industrials industry is up 2.0% in the last week, with Ubtech Robotics up 17%. During this same period, the China State Construction International Holdings underperformed, falling 7.9%. This takes the industry's 12 month performance to a gain of 35%. Earnings are forecast to grow by 16% 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, 18 Sep 2025 | HK$4.6t | HK$7.8t | HK$354.4b | 10.9x | 12.9x | 0.6x |
| Sat, 16 Aug 2025 | HK$4.5t | HK$7.8t | HK$354.7b | 11.1x | 12.8x | 0.6x |
| Mon, 14 Jul 2025 | HK$4.3t | HK$7.8t | HK$366.4b | 9.8x | 11.7x | 0.5x |
| Wed, 11 Jun 2025 | HK$4.2t | HK$7.8t | HK$365.1b | 10x | 11.5x | 0.5x |
| Fri, 09 May 2025 | HK$4.0t | HK$7.7t | HK$360.1b | 10x | 11x | 0.5x |
| Sun, 06 Apr 2025 | HK$3.9t | HK$7.7t | HK$356.5b | 9.6x | 10.9x | 0.5x |
| Tue, 04 Mar 2025 | HK$3.9t | HK$7.6t | HK$369.7b | 9x | 10.6x | 0.5x |
| Thu, 30 Jan 2025 | HK$3.8t | HK$7.6t | HK$374.1b | 8.8x | 10.3x | 0.5x |
| Sat, 28 Dec 2024 | HK$4.0t | HK$7.6t | HK$371.8b | 8.9x | 10.7x | 0.5x |
| Mon, 25 Nov 2024 | HK$3.9t | HK$7.6t | HK$375.6b | 8.6x | 10.3x | 0.5x |
| Wed, 23 Oct 2024 | HK$3.9t | HK$7.7t | HK$359.0b | 8.7x | 11x | 0.5x |
| Fri, 20 Sep 2024 | HK$3.5t | HK$7.8t | HK$360.5b | 8x | 9.7x | 0.5x |
| Sun, 18 Aug 2024 | HK$3.6t | HK$7.6t | HK$364.3b | 8.2x | 9.9x | 0.5x |
| Tue, 16 Jul 2024 | HK$3.6t | HK$7.4t | HK$327.2b | 8.6x | 10.9x | 0.5x |
| Thu, 13 Jun 2024 | HK$3.7t | HK$7.4t | HK$328.2b | 8.8x | 11.2x | 0.5x |
| Sat, 11 May 2024 | HK$3.8t | HK$7.4t | HK$331.3b | 8.8x | 11.4x | 0.5x |
| Mon, 08 Apr 2024 | HK$3.5t | HK$7.4t | HK$330.6b | 7.9x | 10.5x | 0.5x |
| Wed, 06 Mar 2024 | HK$3.3t | HK$7.3t | HK$352.0b | 7.9x | 9.5x | 0.5x |
| Fri, 02 Feb 2024 | HK$3.2t | HK$7.4t | HK$353.1b | 7.6x | 9.2x | 0.4x |
| Sun, 31 Dec 2023 | HK$3.4t | HK$7.4t | HK$354.9b | 8.2x | 9.5x | 0.5x |
| Tue, 28 Nov 2023 | HK$3.3t | HK$7.4t | HK$352.9b | 8.2x | 9.2x | 0.4x |
| Thu, 26 Oct 2023 | HK$3.1t | HK$7.2t | HK$350.6b | 7.9x | 9x | 0.4x |
| Sat, 23 Sep 2023 | HK$3.3t | HK$7.2t | HK$351.1b | 8.2x | 9.5x | 0.5x |
| Mon, 21 Aug 2023 | HK$3.4t | HK$7.1t | HK$370.3b | 8.8x | 9.2x | 0.5x |
| Wed, 19 Jul 2023 | HK$3.6t | HK$7.2t | HK$414.6b | 8.9x | 8.7x | 0.5x |
| Fri, 16 Jun 2023 | HK$3.6t | HK$7.2t | HK$413.9b | 9.4x | 8.8x | 0.5x |
| Sun, 14 May 2023 | HK$3.8t | HK$7.4t | HK$419.0b | 9.4x | 9x | 0.5x |
| Tue, 11 Apr 2023 | HK$3.8t | HK$7.4t | HK$437.5b | 9.8x | 8.7x | 0.5x |
| Thu, 09 Mar 2023 | HK$3.8t | HK$7.3t | HK$465.6b | 8.8x | 8.1x | 0.5x |
| Sat, 04 Feb 2023 | HK$3.9t | HK$7.4t | HK$474.7b | 9x | 8.2x | 0.5x |
| Mon, 02 Jan 2023 | HK$3.6t | HK$7.2t | HK$465.4b | 8.8x | 7.7x | 0.5x |
| Wed, 30 Nov 2022 | HK$3.5t | HK$7.0t | HK$457.7b | 8.9x | 7.6x | 0.5x |
| Fri, 28 Oct 2022 | HK$3.2t | HK$7.0t | HK$471.4b | 8.7x | 6.8x | 0.5x |
| Sun, 25 Sep 2022 | HK$3.5t | HK$7.0t | HK$472.7b | 9.3x | 7.4x | 0.5x |
Price to Earnings Ratio
7.4x
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 12.9x which is higher than its 3-year average PE of 9.8x.
- 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 9.2% per year 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, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Hong Kong Industrials sector?
| HK Market | 0.88% | |
| Industrials | 1.99% | |
| Airlines | 7.79% | |
| Professional Services | 7.17% | |
| Electrical | 4.62% | |
| Machinery | 3.93% | |
| Infrastructure | 3.37% | |
| Trade Distributors | 1.25% | |
| Commercial Services | 1.22% | |
| Building | 0.91% | |
| Aerospace & Defense | 0.91% | |
| Industrials | 0.85% | |
| Transportation | 0.25% | |
| Construction | -0.21% | |
| Marine and Shipping | -0.48% | |
| Logistics | -0.82% | |
Industry PE
- Investors are most optimistic about the Airlines industry which is trading above its 3-year average PE ratio of 22.6x.
- Analysts are expecting annual earnings growth of 65.3%, which is higher than its past year's earnings growth of 16.6% per year.
Forecasted Growth
- Analysts are most optimistic on the Airlines industry, expecting annual earnings growth of 65% over the next 5 years.
- This is better than its past earnings growth rate of 17% per year.
- In contrast, the Marine and Shipping industry is expected to see its earnings decline by 31% 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 | |
|---|---|---|---|---|---|
| 9880 Ubtech Robotics | HK$128.00 | 16.7% +HK$8.6b | 53.0% | PS38.3x | |
| 753 Air China | HK$5.57 | 7.9% +HK$7.2b | 84.4% | PE120.5x | |
| 669 Techtronic Industries | HK$101.50 | 3.1% +HK$5.6b | -8.9% | PE19.9x | |
| 1055 China Southern Airlines | HK$4.09 | 7.9% +HK$5.4b | 66.3% | PS0.4x | |
| 2880 Liaoning Port | HK$1.06 | 21.8% +HK$4.5b | 76.7% | PE13.9x |
