Narrative Update • May 15

Over the last 7 days, the Industrials industry has remained flat, although notably CITIC gained 3.5%. As for the the longer term, the industry is up 25% over the past 12 months. As for the next few years, earnings are expected to grow by 15% per annum.
Has the Hong Kong Industrials Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 06 Jun 2026 | HK$5.1t | HK$7.9t | HK$321.0b | 11.5x | 16x | 0.6x |
| Mon, 04 May 2026 | HK$5.2t | HK$7.8t | HK$321.0b | 11.8x | 16.2x | 0.7x |
| Wed, 01 Apr 2026 | HK$4.7t | HK$7.9t | HK$315.7b | 11.4x | 15x | 0.6x |
| Fri, 27 Feb 2026 | HK$5.2t | HK$7.9t | HK$361.2b | 11.7x | 14.4x | 0.7x |
| Sun, 25 Jan 2026 | HK$4.9t | HK$7.8t | HK$356.5b | 11.6x | 13.6x | 0.6x |
| Tue, 23 Dec 2025 | HK$4.5t | HK$7.7t | HK$353.0b | 11.2x | 12.8x | 0.6x |
| Thu, 20 Nov 2025 | HK$4.5t | HK$7.7t | HK$349.4b | 11x | 12.8x | 0.6x |
| Sat, 18 Oct 2025 | HK$4.3t | HK$7.6t | HK$354.8b | 10.7x | 12.2x | 0.6x |
| Mon, 15 Sep 2025 | HK$4.5t | HK$7.8t | HK$353.9b | 10.5x | 12.8x | 0.6x |
| Wed, 13 Aug 2025 | HK$4.5t | HK$7.8t | HK$362.9b | 11x | 12.4x | 0.6x |
| Fri, 11 Jul 2025 | HK$4.3t | HK$7.8t | HK$366.2b | 9.7x | 11.7x | 0.5x |
| Sun, 08 Jun 2025 | HK$4.2t | HK$7.8t | HK$364.9b | 10x | 11.4x | 0.5x |
| Tue, 06 May 2025 | HK$3.9t | HK$7.7t | HK$358.5b | 9.8x | 10.8x | 0.5x |
| Thu, 03 Apr 2025 | HK$4.0t | HK$7.7t | HK$356.7b | 9.8x | 11.1x | 0.5x |
| Sat, 01 Mar 2025 | HK$3.9t | HK$7.6t | HK$372.3b | 9x | 10.4x | 0.5x |
| Mon, 27 Jan 2025 | HK$3.8t | HK$7.6t | HK$374.1b | 8.5x | 10.3x | 0.5x |
| Wed, 25 Dec 2024 | HK$3.9t | HK$7.6t | HK$372.2b | 8.8x | 10.5x | 0.5x |
| Fri, 22 Nov 2024 | HK$4.0t | HK$7.6t | HK$375.8b | 8.6x | 10.5x | 0.5x |
| Sun, 20 Oct 2024 | HK$3.9t | HK$7.7t | HK$359.6b | 8.7x | 10.9x | 0.5x |
| Tue, 17 Sep 2024 | HK$3.4t | HK$7.7t | HK$359.5b | 7.9x | 9.6x | 0.4x |
| Thu, 15 Aug 2024 | HK$3.6t | HK$7.6t | HK$361.0b | 8.3x | 9.9x | 0.5x |
| Sat, 13 Jul 2024 | HK$3.6t | HK$7.4t | HK$327.5b | 8.6x | 11x | 0.5x |
| Mon, 10 Jun 2024 | HK$3.8t | HK$7.4t | HK$328.3b | 8.8x | 11.6x | 0.5x |
| Wed, 08 May 2024 | HK$3.7t | HK$7.4t | HK$331.8b | 8.4x | 11x | 0.5x |
| Fri, 05 Apr 2024 | HK$3.5t | HK$7.4t | HK$330.6b | 8x | 10.5x | 0.5x |
| Sun, 03 Mar 2024 | HK$3.4t | HK$7.3t | HK$352.2b | 8x | 9.6x | 0.5x |
| Tue, 30 Jan 2024 | HK$3.3t | HK$7.4t | HK$352.8b | 7.9x | 9.4x | 0.5x |
| Thu, 28 Dec 2023 | HK$3.3t | HK$7.4t | HK$354.5b | 8.3x | 9.3x | 0.4x |
| Sat, 25 Nov 2023 | HK$3.3t | HK$7.4t | HK$352.4b | 8.1x | 9.3x | 0.4x |
| Mon, 23 Oct 2023 | HK$3.1t | HK$7.2t | HK$350.6b | 7.7x | 8.9x | 0.4x |
| Wed, 20 Sep 2023 | HK$3.3t | HK$7.2t | HK$351.0b | 8.3x | 9.5x | 0.5x |
| Fri, 18 Aug 2023 | HK$3.5t | HK$7.2t | HK$401.4b | 8.9x | 8.6x | 0.5x |
| Sun, 16 Jul 2023 | HK$3.6t | HK$7.2t | HK$415.4b | 9x | 8.7x | 0.5x |
| Tue, 13 Jun 2023 | HK$3.6t | HK$7.2t | HK$414.8b | 9.4x | 8.7x | 0.5x |
8.7x
Which industries have driven the changes within the Hong Kong Industrials sector?
| HK Market | -0.88% | |
| Industrials | -0.93% | |
| Professional Services | 18.18% | |
| Marine and Shipping | 4.41% | |
| Industrials | 0.53% | |
| Transportation | -0.16% | |
| Infrastructure | -0.17% | |
| Construction | -0.31% | |
| Logistics | -0.54% | |
| Machinery | -1.44% | |
| Aerospace & Defense | -1.65% | |
| Trade Distributors | -2.75% | |
| Commercial Services | -3.23% | |
| Building | -3.31% | |
| Electrical | -5.71% | |
| Airlines | -6.02% | |
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 267 CITIC | HK$13.62 | 3.5% +HK$13.4b | 31.0% | PE5.8x | |
| 1919 COSCO SHIPPING Holdings | HK$15.02 | 6.0% +HK$12.8b | 14.1% | PE7.8x | |
| 3808 Sinotruk (Hong Kong) | HK$41.58 | 11.6% +HK$11.9b | 111.7% | PE14.1x | |
| 316 Orient Overseas (International) | HK$143.20 | 5.2% +HK$4.7b | 12.1% | PE8x | |
| 9880 Ubtech Robotics | HK$110.30 | 7.9% +HK$4.1b | 34.6% | PS23.9x |