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Hong Kong (HSI) Industrials Sector Analysis

UpdatedDec 06, 2025
DataAggregated Company Financials
Companies476
  • 7D2.3%
  • 3M6.7%
  • 1Y23.7%
  • YTD24.9%

The Industrials industry has gained 2.3% in the last week and J&T Global Express up 12%. In the same time, Central New Energy Holding Group was down 7.0%. This takes the industry's 12 month performance to a gain of 24%. As for the next few years, earnings are expected to grow by 15% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 06 Dec 2025HK$4.6tHK$7.7tHK$351.1b11x13x0.6x
Mon, 03 Nov 2025HK$4.4tHK$7.6tHK$348.7b11x12.7x0.6x
Wed, 01 Oct 2025HK$4.4tHK$7.6tHK$355.1b11x12.4x0.6x
Fri, 29 Aug 2025HK$4.5tHK$7.8tHK$355.5b11x12.6x0.6x
Sun, 27 Jul 2025HK$4.6tHK$7.8tHK$366.7b10.6x12.4x0.6x
Tue, 24 Jun 2025HK$4.2tHK$7.8tHK$365.7b10.4x11.5x0.5x
Thu, 22 May 2025HK$4.1tHK$7.8tHK$363.5b9.9x11.4x0.5x
Sat, 19 Apr 2025HK$3.8tHK$7.7tHK$356.5b9.2x10.6x0.5x
Mon, 17 Mar 2025HK$4.0tHK$7.7tHK$375.1b9.3x10.7x0.5x
Wed, 12 Feb 2025HK$3.8tHK$7.6tHK$372.2b8.7x10.3x0.5x
Fri, 10 Jan 2025HK$3.8tHK$7.5tHK$371.1b8.7x10.2x0.5x
Sun, 08 Dec 2024HK$4.0tHK$7.6tHK$373.6b8.5x10.6x0.5x
Tue, 05 Nov 2024HK$4.0tHK$7.7tHK$378.0b8.6x10.6x0.5x
Thu, 03 Oct 2024HK$4.1tHK$7.8tHK$361.8b8.7x11.2x0.5x
Sat, 31 Aug 2024HK$3.6tHK$7.7tHK$364.9b8.1x9.9x0.5x
Mon, 29 Jul 2024HK$3.5tHK$7.4tHK$327.6b8.2x10.7x0.5x
Wed, 26 Jun 2024HK$3.7tHK$7.4tHK$328.0b8.6x11.1x0.5x
Fri, 24 May 2024HK$3.8tHK$7.4tHK$330.3b8.6x11.5x0.5x
Sun, 21 Apr 2024HK$3.5tHK$7.4tHK$328.4b8.2x10.6x0.5x
Tue, 19 Mar 2024HK$3.5tHK$7.3tHK$363.0b7.7x9.7x0.5x
Thu, 15 Feb 2024HK$3.3tHK$7.3tHK$352.0b7.6x9.3x0.4x
Sat, 13 Jan 2024HK$3.3tHK$7.4tHK$353.5b8.2x9.4x0.4x
Mon, 11 Dec 2023HK$3.2tHK$7.4tHK$354.5b8.1x8.9x0.4x
Wed, 08 Nov 2023HK$3.2tHK$7.3tHK$350.4b8.1x9.1x0.4x
Fri, 06 Oct 2023HK$3.3tHK$7.2tHK$351.9b7.8x9.4x0.5x
Sun, 03 Sep 2023HK$3.4tHK$7.2tHK$353.1b8.5x9.6x0.5x
Tue, 01 Aug 2023HK$3.7tHK$7.2tHK$414.1b9.1x9x0.5x
Thu, 29 Jun 2023HK$3.6tHK$7.2tHK$412.6b9.4x8.7x0.5x
Sat, 27 May 2023HK$3.6tHK$7.3tHK$417.4b9.2x8.6x0.5x
Mon, 24 Apr 2023HK$3.8tHK$7.4tHK$430.2b9.7x8.9x0.5x
Wed, 22 Mar 2023HK$3.8tHK$7.3tHK$462.4b8.7x8.1x0.5x
Fri, 17 Feb 2023HK$3.8tHK$7.3tHK$471.5b8.6x8x0.5x
Sun, 15 Jan 2023HK$3.8tHK$7.4tHK$474.1b9.1x8x0.5x
Tue, 13 Dec 2022HK$3.7tHK$7.2tHK$462.2b9.1x7.9x0.5x
Price to Earnings Ratio

7.9x


Total Market Cap: HK$3.7tTotal Earnings: HK$462.2bTotal Revenue: HK$7.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Hong Kong Industrials Sector Price to Earnings3Y Average 10.2x202320242025
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 13.0x which is higher than its 3-year average PE of 10.2x.
  • 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 8.8% per year over the last three years.
  • Meanwhile revenues for these companies have grown 2.5% 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, which has decreased profits.

Industry Trends

Which industries have driven the changes within the Hong Kong Industrials sector?

HK Market0.33%
Industrials2.29%
Aerospace & Defense6.24%
Logistics5.24%
Machinery4.16%
Marine and Shipping4.15%
Building3.17%
Infrastructure1.86%
Construction1.81%
Industrials1.54%
Airlines1.47%
Trade Distributors0.87%
Electrical0.17%
Transportation0.012%
Commercial Services-0.75%
Professional Services-1.18%
Industry PE
  • Investors are most optimistic about the Airlines industry, which is trading close to its 3-year average PE ratio of 24.5x.
    • Analysts are expecting annual earnings growth of 60.9%, which is higher than its past year's earnings growth of 16.6% per year.
Forecasted Growth
  • Analysts are most optimistic on the Professional Services industry, expecting annual earnings growth of 65% over the next 5 years.
  • This is better than its past earnings growth rate of 4.1% per year.
  • In contrast, the Marine and Shipping industry is expected to see its earnings decline by 30% 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
1519 J&T Global ExpressHK$10.6911.6%
+HK$9.9b		74.4%PE76.7x
1919 COSCO SHIPPING HoldingsHK$13.884.8%
+HK$9.7b		22.4%PE5.1x
3808 Sinotruk (Hong Kong)HK$30.3412.1%
+HK$9.1b		39.5%PE12.7x
669 Techtronic IndustriesHK$96.005.4%
+HK$9.0b		-13.6%PE18.8x
267 CITICHK$12.391.8%
+HK$6.4b		38.3%PE5x

Latest News

669
HK$96.00
Techtronic Industries
7D
5.4%
1Y
-13.6%

Calculating The Fair Value Of Techtronic Industries Company Limited (HKG:669)

Dec 05
Calculating The Fair Value Of Techtronic Industries Company Limited (HKG:669)
1729
HK$15.81
Time Interconnect Technology
7D
-4.4%
1Y
272.9%
1735
HK$7.98
Central New Energy Holding Group
7D
-7.0%
1Y
-3.3%
1
HK$56.10
CK Hutchison Holdings
7D
2.1%
1Y
32.5%

1: AS Watson IPO Plans Will Shape A Balanced Risk Reward Outlook

Analysts have nudged their price target for CK Hutchison Holdings slightly higher to approximately $62.01 from about $61.73, citing a modestly lower discount rate and stable expectations for revenue growth, profit margins, and future earnings multiples. What's in the News CK Hutchison is exploring an initial public offering of its AS Watson Group health and beauty retail arm, with talks under way with financial advisers on the timing and structure of a potential deal (Key Developments).
2570
HK$116.90
Shanghai REFIRE Group
7D
-15.3%
1Y
-20.5%

Is Shanghai REFIRE Group (HKG:2570) Using Too Much Debt?

Dec 02
Is Shanghai REFIRE Group (HKG:2570) Using Too Much Debt?
267
HK$12.39
CITIC
7D
1.8%
1Y
38.3%

Why CITIC Limited (HKG:267) Could Be Worth Watching

Dec 02
Why CITIC Limited (HKG:267) Could Be Worth Watching
1142
HK$0.23
E&P Global Holdings
7D
-27.5%
1Y
-68.6%
2338
HK$19.98
Weichai Power
7D
3.7%
1Y
76.8%

Is There An Opportunity With Weichai Power Co., Ltd.'s (HKG:2338) 39% Undervaluation?

Nov 30
Is There An Opportunity With Weichai Power Co., Ltd.'s (HKG:2338) 39% Undervaluation?
1519
HK$10.69
J&T Global Express
7D
11.6%
1Y
74.4%

1519: Share Repurchases Will Support Earnings Upside Following Index Exit

Analysts have maintained their fair value estimate for J&T Global Express at $11.51 per share. This decision is based on minimal changes in revenue growth and profit margin assumptions, along with a slightly higher discount rate that reflects current market conditions.
1919
HK$13.88
COSCO SHIPPING Holdings
7D
4.8%
1Y
22.4%

Is It Time To Consider Buying COSCO SHIPPING Holdings Co., Ltd. (HKG:1919)?

Nov 25
Is It Time To Consider Buying COSCO SHIPPING Holdings Co., Ltd. (HKG:1919)?
316
HK$133.60
Orient Overseas (International)
7D
5.7%
1Y
31.9%

When Should You Buy Orient Overseas (International) Limited (HKG:316)?

Nov 20
When Should You Buy Orient Overseas (International) Limited (HKG:316)?
1800
HK$5.11
China Communications Construction
7D
-1.2%
1Y
-1.0%

China Communications Construction (HKG:1800) Will Pay A Smaller Dividend Than Last Year

Nov 17
China Communications Construction (HKG:1800) Will Pay A Smaller Dividend Than Last Year
2418
HK$9.24
Deewin Tianxia
7D
-6.5%
1Y
610.8%

Deewin Tianxia Co., Ltd's (HKG:2418) 27% Share Price Surge Not Quite Adding Up

Nov 14
Deewin Tianxia Co., Ltd's (HKG:2418) 27% Share Price Surge Not Quite Adding Up
666
HK$13.40
REPT BATTERO Energy
7D
-3.0%
1Y
-5.0%
3808
HK$30.34
Sinotruk (Hong Kong)
7D
12.1%
1Y
39.5%

Sinotruk (Hong Kong) Limited's (HKG:3808) 28% Price Boost Is Out Of Tune With Earnings

Nov 06
Sinotruk (Hong Kong) Limited's (HKG:3808) 28% Price Boost Is Out Of Tune With Earnings
6960
HK$15.25
Shuangdeng Group
7D
-12.5%
1Y
n/a