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

Hong Kong (HSI) Industrials Sector Analysis

UpdatedSep 18, 2026
DataAggregated Company Financials
Companies488
  • 7D-2.7%
  • 3M-2.7%
  • 1Y2.4%
  • YTD-2.5%

Over the last 7 days, the Industrials industry has dropped 2.7%, driven by a pullback from CITIC of 5.0%. In contrast, SITC International Holdings has gained 6.2%. As for the longer term, the industry's performance has been flat for the past year. As for the next few years, earnings are expected to grow by 13% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 18 Sep 2026HK$5.0tHK$8.0tHK$386.5b10.6x12.8x0.6x
Sun, 16 Aug 2026HK$5.0tHK$8.0tHK$381.0b10.9x13.1x0.6x
Tue, 14 Jul 2026HK$4.7tHK$7.9tHK$332.2b11x14.2x0.6x
Thu, 11 Jun 2026HK$4.9tHK$7.9tHK$320.9b11.4x15.3x0.6x
Sat, 09 May 2026HK$5.4tHK$7.9tHK$319.9b12.2x16.8x0.7x
Mon, 06 Apr 2026HK$4.9tHK$7.8tHK$318.3b11.2x15.3x0.6x
Wed, 04 Mar 2026HK$5.1tHK$7.9tHK$361.7b11.9x14.1x0.6x
Fri, 30 Jan 2026HK$4.9tHK$7.9tHK$357.4b11.7x13.8x0.6x
Sun, 28 Dec 2025HK$4.6tHK$7.8tHK$353.8b11.1x12.9x0.6x
Tue, 25 Nov 2025HK$4.4tHK$7.7tHK$349.2b10.8x12.7x0.6x
Thu, 23 Oct 2025HK$4.4tHK$7.6tHK$355.2b11x12.4x0.6x
Sat, 20 Sep 2025HK$4.5tHK$7.8tHK$354.1b10.8x12.8x0.6x
Mon, 18 Aug 2025HK$4.5tHK$7.8tHK$357.0b11.1x12.7x0.6x
Wed, 16 Jul 2025HK$4.3tHK$7.8tHK$366.3b9.9x11.8x0.6x
Fri, 13 Jun 2025HK$4.2tHK$7.8tHK$365.3b10x11.5x0.5x
Sun, 11 May 2025HK$4.0tHK$7.7tHK$360.4b10x11x0.5x
Tue, 08 Apr 2025HK$3.5tHK$7.6tHK$355.4b9x9.9x0.5x
Thu, 06 Mar 2025HK$4.0tHK$7.6tHK$373.5b9.1x10.7x0.5x
Sat, 01 Feb 2025HK$3.8tHK$7.6tHK$374.1b8.8x10.3x0.5x
Mon, 30 Dec 2024HK$4.0tHK$7.6tHK$371.9b8.9x10.7x0.5x
Wed, 27 Nov 2024HK$3.8tHK$7.6tHK$375.8b8.1x10.2x0.5x
Fri, 25 Oct 2024HK$3.9tHK$7.7tHK$359.1b8.7x10.9x0.5x
Sun, 22 Sep 2024HK$3.6tHK$7.8tHK$360.9b8.1x9.9x0.5x
Tue, 20 Aug 2024HK$3.7tHK$7.6tHK$365.4b8.2x10x0.5x
Thu, 18 Jul 2024HK$3.5tHK$7.4tHK$327.4b8.4x10.8x0.5x
Sat, 15 Jun 2024HK$3.7tHK$7.4tHK$328.1b8.8x11.2x0.5x
Mon, 13 May 2024HK$3.8tHK$7.4tHK$331.3b8.8x11.4x0.5x
Wed, 10 Apr 2024HK$3.5tHK$7.4tHK$330.7b8.1x10.6x0.5x
Fri, 08 Mar 2024HK$3.4tHK$7.3tHK$352.9b7.9x9.7x0.5x
Sun, 04 Feb 2024HK$3.2tHK$7.4tHK$352.8b7.7x9.1x0.4x
Tue, 02 Jan 2024HK$3.4tHK$7.5tHK$355.5b8.2x9.5x0.5x
Thu, 30 Nov 2023HK$3.2tHK$7.4tHK$354.8b7.9x9x0.4x
Sat, 28 Oct 2023HK$3.2tHK$7.3tHK$365.6b8.1x8.7x0.4x
Mon, 25 Sep 2023HK$3.3tHK$7.2tHK$351.2b8.2x9.5x0.5x
Price to Earnings Ratio

9.5x


Total Market Cap: HK$3.3tTotal Earnings: HK$351.2bTotal Revenue: HK$7.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Hong Kong Industrials Sector Price to Earnings3Y Average 11.7x202420252026
Current Industry PE
  • Investors are relatively neutral on the Hong Kong Industrials industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 11.7x.
  • The industry is trading close to its 3-year average PS ratio of 0.54x.
Past Earnings Growth
  • The earnings for companies in the Industrials industry have grown 3.2% per year over the last three years.
  • Revenues for these companies have grown 3.7% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

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

HK Market-1.84%
Industrials-2.73%
Marine and Shipping2.02%
Infrastructure0.36%
Trade Distributors0.27%
Commercial Services-0.97%
Aerospace & Defense-2.35%
Logistics-2.75%
Airlines-2.76%
Machinery-3.10%
Transportation-3.47%
Construction-3.61%
Building-4.68%
Industrials-4.90%
Electrical-5.63%
Professional Services-6.08%
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 18.8%, which is lower than the prior year's growth of 22.3% per year.
Forecasted Growth
  • Analysts are most optimistic on the Airlines industry, expecting annual earnings growth of 51% over the next 5 years.
  • This is better than its past earnings growth rate of 36% per year.
  • In contrast, the Transportation industry is expected to see its earnings decline by 21% 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
1308 SITC International HoldingsHK$48.166.2%
+HK$7.6b		57.2%PE13.1x
6656 Sigenergy TechnologyHK$337.008.6%
+HK$6.7b		n/aPE15.8x
7618 JINGDONG IndustrialsHK$14.008.9%
+HK$3.1b		n/aPE13.1x
2338 Weichai PowerHK$31.701.1%
+HK$3.1b		115.8%PE18x
1196 Realord TechnologyHK$3.0617.4%
+HK$2.6b		-2.1%PS31.7x

Latest News

2225
HK$5.70
Jinhai Medical Technology
7D
-9.6%
1Y
404.0%
2442
HK$113.10
Easy Smart Group Holdings
7D
-20.5%
1Y
3,337.7%
669
HK$128.40
Techtronic Industries
7D
1.1%
1Y
23.1%
Narrative Update • Sep 17

669: Higher Dividend And Buybacks Will Drive Future Price Upside

Analysts have raised the Techtronic Industries price target from HK$173.69 to HK$179.03. They cite updated assumptions that combine slightly adjusted revenue growth with a modestly higher profit margin outlook and a small change in the projected future P/E multiple.
1919
HK$16.58
COSCO SHIPPING Holdings
7D
0.9%
1Y
20.0%
6656
HK$337.00
Sigenergy Technology
7D
8.6%
1Y
n/a
2338
HK$31.70
Weichai Power
7D
1.1%
1Y
115.8%
2729
HK$30.74
Zhejiang Galaxis Technology Group
7D
-27.5%
1Y
n/a
1
HK$67.90
CK Hutchison Holdings
7D
-1.4%
1Y
34.3%
1519
HK$8.98
J&T Global Express
7D
-3.9%
1Y
-5.6%
Narrative Update • Sep 05

1519: Index Inclusion And Buybacks Will Support Future Upside

Analysts now place the J&T Global Express price target at HK$13.48, compared with the prior HK$13.12, citing updated assumptions for revenue growth, profit margins, and a lower future P/E multiple. What’s in the News for J&T Global Express J&T Global Express reported second quarter 2026 parcel volume of 9.177 billion, up 24.2% YoY, with average daily volume of 101 million parcels and non China parcels at 2.966 billion, up 66.9% YoY and accounting for 32.3% of total volume.
19
HK$100.00
Swire Pacific
7D
-3.8%
1Y
47.2%
Narrative Update • Sep 03

19: Fair Outlook Will Hinge On 2026 Interim Dividend And Earnings

Analysts have raised their fair value estimate for Swire Pacific from HK$91.61 to HK$105.46, citing updated assumptions for revenue growth, profit margins and future P/E multiples as the key drivers of the higher price target. What’s in the News for Swire Pacific Swire Pacific has scheduled a board meeting for 6 August 2026 to consider and approve the announcement of interim results for the six months ending 30 June 2026.
267
HK$13.04
CITIC
7D
-5.0%
1Y
7.7%
6871
HK$33.84
Robotphoenix Intelligent Technology
7D
34.9%
1Y
n/a
3808
HK$38.06
Sinotruk (Hong Kong)
7D
-6.8%
1Y
83.7%
1308
HK$48.16
SITC International Holdings
7D
6.2%
1Y
57.2%
7618
HK$14.00
JINGDONG Industrials
7D
8.9%
1Y
n/a
1196
HK$3.06
Realord Technology
7D
17.4%
1Y
-2.1%