Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Hong Kong (HSI) Industrials Sector Analysis

UpdatedApr 29, 2026
DataAggregated Company Financials
Companies483
  • 7D-1.6%
  • 3M-0.04%
  • 1Y36.0%
  • YTD7.3%

The Industrials industry is down 1.6% over the last week with Techtronic Industries the worst performer, down 3.6%. Meanwhile, Weichai Power actually outperformed within the industry, gaining 9.1% in the last week. This takes the industry's 12 month performance to a gain of 36%. Looking forward, earnings are forecast to grow by 14% annually.

Sector Valuation and Performance

Has the Hong Kong Industrials Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 29 Apr 2026HK$5.2tHK$7.9tHK$321.7b11.5x16.1x0.7x
Fri, 27 Mar 2026HK$4.8tHK$7.9tHK$346.2b11.4x13.9x0.6x
Sun, 22 Feb 2026HK$5.1tHK$7.9tHK$358.4b11.8x14.2x0.6x
Tue, 20 Jan 2026HK$4.8tHK$7.8tHK$356.5b11.3x13.4x0.6x
Thu, 18 Dec 2025HK$4.5tHK$7.7tHK$352.9b11.1x12.7x0.6x
Sat, 15 Nov 2025HK$4.6tHK$7.6tHK$349.3b11.1x13.2x0.6x
Mon, 13 Oct 2025HK$4.4tHK$7.6tHK$355.0b11.3x12.5x0.6x
Wed, 10 Sep 2025HK$4.5tHK$7.8tHK$354.2b10.7x12.7x0.6x
Fri, 08 Aug 2025HK$4.5tHK$7.8tHK$365.9b10.7x12.3x0.6x
Sun, 06 Jul 2025HK$4.2tHK$7.8tHK$366.6b9.6x11.6x0.5x
Tue, 03 Jun 2025HK$4.1tHK$7.8tHK$364.4b10.3x11.3x0.5x
Thu, 01 May 2025HK$3.9tHK$7.7tHK$358.6b9.7x10.8x0.5x
Sat, 29 Mar 2025HK$4.0tHK$7.7tHK$372.0b9.7x10.7x0.5x
Mon, 24 Feb 2025HK$3.9tHK$7.6tHK$372.2b9x10.6x0.5x
Wed, 22 Jan 2025HK$3.8tHK$7.6tHK$372.7b8.7x10.3x0.5x
Fri, 20 Dec 2024HK$3.9tHK$7.6tHK$372.4b8.7x10.5x0.5x
Sun, 17 Nov 2024HK$3.9tHK$7.6tHK$376.3b8.6x10.4x0.5x
Tue, 15 Oct 2024HK$4.0tHK$7.7tHK$360.3b9x11x0.5x
Thu, 12 Sep 2024HK$3.4tHK$7.7tHK$359.1b7.7x9.4x0.4x
Sat, 10 Aug 2024HK$3.6tHK$7.6tHK$360.2b8.3x9.9x0.5x
Mon, 08 Jul 2024HK$3.6tHK$7.4tHK$326.5b8.7x11x0.5x
Wed, 05 Jun 2024HK$3.8tHK$7.5tHK$331.1b8.9x11.6x0.5x
Fri, 03 May 2024HK$3.6tHK$7.4tHK$330.4b8.3x10.8x0.5x
Sun, 31 Mar 2024HK$3.5tHK$7.4tHK$335.5b8x10.5x0.5x
Tue, 27 Feb 2024HK$3.4tHK$7.3tHK$352.4b7.9x9.6x0.5x
Thu, 25 Jan 2024HK$3.3tHK$7.5tHK$356.0b7.7x9.1x0.4x
Sat, 23 Dec 2023HK$3.3tHK$7.4tHK$355.3b8.1x9.2x0.4x
Mon, 20 Nov 2023HK$3.2tHK$7.3tHK$350.7b8.1x9.1x0.4x
Wed, 18 Oct 2023HK$3.2tHK$7.2tHK$350.8b8.1x9.2x0.4x
Fri, 15 Sep 2023HK$3.3tHK$7.2tHK$351.6b8.3x9.5x0.5x
Sun, 13 Aug 2023HK$3.5tHK$7.2tHK$409.1b9x8.6x0.5x
Tue, 11 Jul 2023HK$3.6tHK$7.2tHK$413.5b9.2x8.6x0.5x
Thu, 08 Jun 2023HK$3.6tHK$7.3tHK$415.6b9.4x8.6x0.5x
Sat, 06 May 2023HK$3.9tHK$7.4tHK$420.1b9.4x9.3x0.5x
Price to Earnings Ratio

9.3x


Total Market Cap: HK$3.9tTotal Earnings: HK$420.1bTotal Revenue: HK$7.4tTotal Market Cap vs Earnings and Revenue0%0%0%
Hong Kong Industrials Sector Price to Earnings3Y Average 10.9x202420252026
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 16.1x which is higher than its 3-year average PE of 10.9x.
  • The industry is trading close to its 3-year average PS ratio of 0.52x.
Past Earnings Growth
  • The earnings for companies in the Industrials industry have declined 8.5% per year over the last three years.
  • Meanwhile revenues for these companies have grown 2.1% 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-2.04%
Industrials-1.57%
Professional Services1.83%
Commercial Services0.66%
Industrials0.51%
Machinery0.36%
Infrastructure-0.57%
Construction-0.58%
Building-1.79%
Logistics-1.81%
Transportation-2.20%
Trade Distributors-3.57%
Marine and Shipping-3.59%
Electrical-4.45%
Aerospace & Defense-5.47%
Airlines-8.91%
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 17.1%, which is lower than the prior year's growth of 31.1% per year.
Forecasted Growth
  • Analysts are most optimistic on the Airlines industry, expecting annual earnings growth of 47% 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 14% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
2338 Weichai PowerHK$36.129.1%
+HK$25.9b		137.6%PE24.9x
1133 Harbin ElectricHK$23.4212.6%
+HK$5.9b		390.0%PE17.1x
1 CK Hutchison HoldingsHK$65.952.2%
+HK$5.6b		50.6%PE21.3x
267 CITICHK$13.101.5%
+HK$5.5b		38.3%PE5.7x
6656 Sigenergy TechnologyHK$585.003.1%
+HK$4.3b		n/aPE43.1x

Latest News

669
HK$111.40
Techtronic Industries
7D
-3.6%
1Y
42.1%
1286
HK$10.46
Impro Precision Industries
7D
16.6%
1Y
352.8%
267
HK$13.10
CITIC
7D
1.5%
1Y
38.3%

We Like The Quality Of CITIC's (HKG:267) Earnings

Apr 28
We Like The Quality Of CITIC's (HKG:267) Earnings
2650
HK$25.42
Shanghai Zhida Technology Development
7D
-31.1%
1Y
n/a
1
HK$65.95
CK Hutchison Holdings
7D
2.2%
1Y
50.6%

1: Supermarket Merger Talks And Dividend Plans Will Shape Balanced Future Upside

Analysts have kept their HK$70.33 price target for CK Hutchison Holdings broadly steady, citing only small tweaks to inputs such as the discount rate, long term revenue growth, profit margin assumptions and the forward P/E multiple. What's in the News CK Hutchison Holdings and Jardine Matheson Holdings are reported to be in talks to merge their Hong Kong supermarket businesses, including Hutchison's PARKnSHOP chain and Jardine's DFI Retail unit, with no agreement reported at this stage and both sides declining to comment on market speculation (Financial Times, Reuters).
316
HK$137.90
Orient Overseas (International)
7D
3.4%
1Y
27.1%
66
HK$34.18
MTR
7D
-1.8%
1Y
27.5%

66: Housing Recovery Exposure And Elevated P/E Will Shape Future Returns

Analysts have lifted their HK$ price target for MTR to HK$32.15 from HK$28.41, reflecting updated assumptions on profit margin, long term P/E and housing market exposure, even as some recent research has shifted its rating stance. Analyst Commentary Bullish Takeaways Bullish analysts highlight the higher HK$36.10 target as a sign that, on their assumptions, current pricing still leaves room for re rating if earnings and housing related contributions meet expectations.
6656
HK$585.00
Sigenergy Technology
7D
3.1%
1Y
n/a
1021
HK$19.90
Guangdong Huayan Robotics
7D
-17.4%
1Y
n/a
3881
HK$27.78
CiDi
7D
-15.5%
1Y
n/a
1133
HK$23.42
Harbin Electric
7D
12.6%
1Y
390.0%

Shareholders Can Be Confident That Harbin Electric's (HKG:1133) Earnings Are High Quality

Apr 02
Shareholders Can Be Confident That Harbin Electric's (HKG:1133) Earnings Are High Quality
1072
HK$39.82
Dongfang Electric
7D
-4.2%
1Y
275.7%
2338
HK$36.12
Weichai Power
7D
9.1%
1Y
137.6%
3808
HK$40.26
Sinotruk (Hong Kong)
7D
-5.9%
1Y
116.0%

Sinotruk (Hong Kong) Limited (HKG:3808) Released Earnings Last Week And Analysts Lifted Their Price Target To HK$37.87

Mar 30
Sinotruk (Hong Kong) Limited (HKG:3808) Released Earnings Last Week And Analysts Lifted Their Price Target To HK$37.87
753
HK$4.76
Air China
7D
-8.3%
1Y
2.8%
1919
HK$14.68
COSCO SHIPPING Holdings
7D
1.5%
1Y
25.5%