Analysis Article • Aug 16
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Hong Kong (HSI) Industrials Sector Analysis
UpdatedAug 17, 2026
DataAggregated Company Financials
Companies484
- 7D-1.1%
- 3M-8.6%
- 1Y3.3%
- YTD-0.7%
Over the last 7 days, the Industrials industry has dropped 1.1%, driven by a pullback from JD Logistics of 16%. This takes the industry's 12 month performance to a gain of 3.3%. As for the next few years, earnings are expected to grow by 12% per annum.
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 |
|---|---|---|---|---|---|---|
| Mon, 17 Aug 2026 | HK$5.0t | HK$8.0t | HK$381.1b | 10.9x | 13.1x | 0.6x |
| Wed, 15 Jul 2026 | HK$4.8t | HK$7.9t | HK$332.1b | 11x | 14.4x | 0.6x |
| Fri, 12 Jun 2026 | HK$4.9t | HK$7.9t | HK$320.8b | 11.4x | 15.2x | 0.6x |
| Sun, 10 May 2026 | HK$5.4t | HK$7.9t | HK$319.9b | 12.2x | 16.8x | 0.7x |
| Tue, 07 Apr 2026 | HK$4.9t | HK$7.8t | HK$318.3b | 11.2x | 15.3x | 0.6x |
| Thu, 05 Mar 2026 | HK$5.0t | HK$7.9t | HK$361.8b | 11.5x | 13.8x | 0.6x |
| Sat, 31 Jan 2026 | HK$4.9t | HK$7.9t | HK$357.4b | 11.8x | 13.7x | 0.6x |
| Mon, 29 Dec 2025 | HK$4.6t | HK$7.8t | HK$353.8b | 11.1x | 12.9x | 0.6x |
| Wed, 26 Nov 2025 | HK$4.4t | HK$7.7t | HK$349.6b | 10.9x | 12.7x | 0.6x |
| Fri, 24 Oct 2025 | HK$4.4t | HK$7.6t | HK$355.2b | 11x | 12.5x | 0.6x |
| Sun, 21 Sep 2025 | HK$4.5t | HK$7.8t | HK$354.1b | 10.8x | 12.8x | 0.6x |
| Tue, 19 Aug 2025 | HK$4.5t | HK$7.8t | HK$356.8b | 11.1x | 12.7x | 0.6x |
| Thu, 17 Jul 2025 | HK$4.3t | HK$7.8t | HK$366.1b | 10x | 11.8x | 0.6x |
| Sat, 14 Jun 2025 | HK$4.2t | HK$7.8t | HK$365.1b | 10x | 11.6x | 0.5x |
| Mon, 12 May 2025 | HK$4.0t | HK$7.7t | HK$360.4b | 10x | 11x | 0.5x |
| Wed, 09 Apr 2025 | HK$3.6t | HK$7.6t | HK$354.6b | 9x | 10.1x | 0.5x |
| Fri, 07 Mar 2025 | HK$4.0t | HK$7.6t | HK$376.0b | 9.1x | 10.7x | 0.5x |
| Sun, 02 Feb 2025 | HK$3.8t | HK$7.6t | HK$374.0b | 8.8x | 10.3x | 0.5x |
| Tue, 31 Dec 2024 | HK$4.0t | HK$7.6t | HK$371.8b | 8.8x | 10.7x | 0.5x |
| Thu, 28 Nov 2024 | HK$3.9t | HK$7.6t | HK$375.5b | 8.3x | 10.4x | 0.5x |
| Sat, 26 Oct 2024 | HK$4.0t | HK$7.7t | HK$358.7b | 8.8x | 11x | 0.5x |
| Mon, 23 Sep 2024 | HK$3.6t | HK$7.8t | HK$360.9b | 8.1x | 9.9x | 0.5x |
| Wed, 21 Aug 2024 | HK$3.6t | HK$7.6t | HK$365.5b | 8.2x | 9.9x | 0.5x |
| Fri, 19 Jul 2024 | HK$3.5t | HK$7.4t | HK$327.4b | 8.4x | 10.8x | 0.5x |
| Sun, 16 Jun 2024 | HK$3.7t | HK$7.4t | HK$328.1b | 8.8x | 11.2x | 0.5x |
| Tue, 14 May 2024 | HK$3.8t | HK$7.4t | HK$330.9b | 8.8x | 11.6x | 0.5x |
| Thu, 11 Apr 2024 | HK$3.5t | HK$7.4t | HK$329.6b | 8x | 10.7x | 0.5x |
| Sat, 09 Mar 2024 | HK$3.4t | HK$7.3t | HK$347.3b | 7.9x | 9.9x | 0.5x |
| Mon, 05 Feb 2024 | HK$3.2t | HK$7.4t | HK$352.8b | 7.7x | 9.1x | 0.4x |
| Wed, 03 Jan 2024 | HK$3.4t | HK$7.4t | HK$353.9b | 8.3x | 9.5x | 0.5x |
| Fri, 01 Dec 2023 | HK$3.2t | HK$7.4t | HK$355.3b | 8.2x | 9.1x | 0.4x |
| Sun, 29 Oct 2023 | HK$3.2t | HK$7.3t | HK$365.8b | 7.9x | 8.7x | 0.4x |
| Tue, 26 Sep 2023 | HK$3.3t | HK$7.2t | HK$350.8b | 8.2x | 9.4x | 0.5x |
| Thu, 24 Aug 2023 | HK$3.4t | HK$7.1t | HK$368.5b | 8.8x | 9.1x | 0.5x |
Price to Earnings Ratio
9.1x
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 13.1x which is higher than its 3-year average PE of 11.6x.
- The industry is trading close to its 3-year average PS ratio of 0.53x.
Past Earnings Growth
- The earnings for companies in the Industrials industry have remained mostly flat over the last three years.
- Meanwhile revenues for these companies have grown 3.7% 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 and as a result, profits have held steady.
Industry Trends
Which industries have driven the changes within the Hong Kong Industrials sector?
| HK Market | -1.30% | |
| Industrials | -1.08% | |
| Professional Services | 3.33% | |
| Transportation | 3.20% | |
| Marine and Shipping | 1.24% | |
| Commercial Services | 0.45% | |
| Trade Distributors | 0.36% | |
| Infrastructure | -1.01% | |
| Industrials | -1.06% | |
| Electrical | -1.09% | |
| Aerospace & Defense | -1.12% | |
| Construction | -1.18% | |
| Machinery | -1.41% | |
| Building | -2.40% | |
| Airlines | -3.25% | |
| Logistics | -7.72% | |
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 22.0%, which is lower than the prior year's growth of 27.7% per year.
Forecasted Growth
- Analysts are most optimistic on the Airlines industry, expecting annual earnings growth of 39% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- In contrast, the Transportation industry is expected to see its earnings decline by 20% 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 | |
|---|---|---|---|---|---|
| 1919 COSCO SHIPPING Holdings | HK$16.44 | 5.9% +HK$13.9b | 15.1% | PE8.5x | |
| 316 Orient Overseas (International) | HK$158.90 | 5.9% +HK$5.9b | 11.1% | PE8.8x | |
| 1308 SITC International Holdings | HK$42.40 | 5.4% +HK$5.9b | 50.8% | PE12x | |
| 2442 Easy Smart Group Holdings | HK$72.20 | 21.9% +HK$5.3b | 2,424.5% | PS109.1x | |
| 1729 Time Interconnect Technology | HK$17.30 | 11.6% +HK$4.0b | 31.2% | PE49.3x |
