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Hong Kong (HSI) Industrials Sector Analysis

UpdatedMay 04, 2026
DataAggregated Company Financials
Companies483
  • 7D-0.7%
  • 3M3.8%
  • 1Y34.7%
  • YTD8.0%

Last week, the Industrials industry hasn't moved much but Weichai Power is up 8.7% in that time. The past year has been better, since the industry has gained 35% in that time. 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
Mon, 04 May 2026HK$5.2tHK$7.8tHK$321.0b11.8x16.2x0.7x
Wed, 01 Apr 2026HK$4.7tHK$7.9tHK$315.7b11.4x15x0.6x
Fri, 27 Feb 2026HK$5.2tHK$7.9tHK$361.2b11.7x14.4x0.7x
Sun, 25 Jan 2026HK$4.9tHK$7.8tHK$356.5b11.6x13.6x0.6x
Tue, 23 Dec 2025HK$4.5tHK$7.7tHK$353.0b11.2x12.8x0.6x
Thu, 20 Nov 2025HK$4.5tHK$7.7tHK$349.4b11x12.8x0.6x
Sat, 18 Oct 2025HK$4.3tHK$7.6tHK$354.8b10.7x12.2x0.6x
Mon, 15 Sep 2025HK$4.5tHK$7.8tHK$353.9b10.5x12.8x0.6x
Wed, 13 Aug 2025HK$4.5tHK$7.8tHK$362.9b11x12.4x0.6x
Fri, 11 Jul 2025HK$4.3tHK$7.8tHK$366.2b9.7x11.7x0.5x
Sun, 08 Jun 2025HK$4.2tHK$7.8tHK$364.9b10x11.4x0.5x
Tue, 06 May 2025HK$3.9tHK$7.7tHK$358.5b9.8x10.8x0.5x
Thu, 03 Apr 2025HK$4.0tHK$7.7tHK$356.7b9.8x11.1x0.5x
Sat, 01 Mar 2025HK$3.9tHK$7.6tHK$372.3b9x10.4x0.5x
Mon, 27 Jan 2025HK$3.8tHK$7.6tHK$374.1b8.5x10.3x0.5x
Wed, 25 Dec 2024HK$3.9tHK$7.6tHK$372.2b8.8x10.5x0.5x
Fri, 22 Nov 2024HK$4.0tHK$7.6tHK$375.8b8.6x10.5x0.5x
Sun, 20 Oct 2024HK$3.9tHK$7.7tHK$359.6b8.7x10.9x0.5x
Tue, 17 Sep 2024HK$3.4tHK$7.7tHK$359.5b7.9x9.6x0.4x
Thu, 15 Aug 2024HK$3.6tHK$7.6tHK$361.0b8.3x9.9x0.5x
Sat, 13 Jul 2024HK$3.6tHK$7.4tHK$327.5b8.6x11x0.5x
Mon, 10 Jun 2024HK$3.8tHK$7.4tHK$328.3b8.8x11.6x0.5x
Wed, 08 May 2024HK$3.7tHK$7.4tHK$331.8b8.4x11x0.5x
Fri, 05 Apr 2024HK$3.5tHK$7.4tHK$330.6b8x10.5x0.5x
Sun, 03 Mar 2024HK$3.4tHK$7.3tHK$352.2b8x9.6x0.5x
Tue, 30 Jan 2024HK$3.3tHK$7.4tHK$352.8b7.9x9.4x0.5x
Thu, 28 Dec 2023HK$3.3tHK$7.4tHK$354.5b8.3x9.3x0.4x
Sat, 25 Nov 2023HK$3.3tHK$7.4tHK$352.4b8.1x9.3x0.4x
Mon, 23 Oct 2023HK$3.1tHK$7.2tHK$350.6b7.7x8.9x0.4x
Wed, 20 Sep 2023HK$3.3tHK$7.2tHK$351.0b8.3x9.5x0.5x
Fri, 18 Aug 2023HK$3.5tHK$7.2tHK$401.4b8.9x8.6x0.5x
Sun, 16 Jul 2023HK$3.6tHK$7.2tHK$415.4b9x8.7x0.5x
Tue, 13 Jun 2023HK$3.6tHK$7.2tHK$414.8b9.4x8.7x0.5x
Thu, 11 May 2023HK$3.9tHK$7.4tHK$419.3b9.4x9.2x0.5x
Price to Earnings Ratio

9.2x


Total Market Cap: HK$3.9tTotal Earnings: HK$419.3bTotal Revenue: HK$7.4tTotal Market Cap vs Earnings and Revenue0%0%0%
Hong Kong Industrials Sector Price to Earnings3Y Average 11x202420252026
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 16.2x which is higher than its 3-year average PE of 11.0x.
  • 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-0.78%
Industrials-0.70%
Professional Services2.95%
Machinery1.16%
Commercial Services1.15%
Industrials-0.06%
Construction-0.68%
Infrastructure-0.76%
Marine and Shipping-0.88%
Trade Distributors-1.40%
Electrical-1.95%
Logistics-2.49%
Building-2.60%
Transportation-2.61%
Airlines-3.47%
Aerospace & Defense-4.17%
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 15.3%, which is lower than the prior year's growth of 34.5% per year.
Forecasted Growth
  • Analysts are most optimistic on the Airlines industry, expecting annual earnings growth of 38% 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 13% 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$43.3219.5%
+HK$61.0b		182.8%PE28.9x
666 REPT BATTERO EnergyHK$18.8520.2%
+HK$7.4b		61.9%PE61.6x
669 Techtronic IndustriesHK$114.802.2%
+HK$4.6b		40.8%PE22.4x
1308 SITC International HoldingsHK$33.005.1%
+HK$4.3b		74.2%PE9.3x
1919 COSCO SHIPPING HoldingsHK$14.771.8%
+HK$3.9b		21.3%PE7.8x

Latest News

1919
HK$14.77
COSCO SHIPPING Holdings
7D
1.8%
1Y
21.3%

Earnings Update: COSCO SHIPPING Holdings Co., Ltd. (HKG:1919) Just Reported Its First-Quarter Results And Analysts Are Updating Their Forecasts

May 02
Earnings Update: COSCO SHIPPING Holdings Co., Ltd. (HKG:1919) Just Reported Its First-Quarter Results And Analysts Are Updating Their Forecasts
1072
HK$39.64
Dongfang Electric
7D
-1.4%
1Y
269.1%
1519
HK$9.87
J&T Global Express
7D
-3.3%
1Y
60.7%

1519: Rising International Parcel Mix And Governance Revisions Will Support Higher Earnings Multiple

Analysts have slightly trimmed their price target for J&T Global Express to HK$14.99 from HK$15.10 as they factor in updated assumptions for revenue growth, profit margins, discount rate and future P/E. What's in the News J&T Global Express reported first quarter 2026 operating results, with total parcel volume of 8.326 billion and average daily parcel volume of 92.5 million for the period ended March 31, 2026 (Key Developments).
2338
HK$43.32
Weichai Power
7D
19.5%
1Y
182.8%
669
HK$114.80
Techtronic Industries
7D
2.2%
1Y
40.8%
2650
HK$22.46
Shanghai Zhida Technology Development
7D
-37.3%
1Y
n/a
1
HK$65.30
CK Hutchison Holdings
7D
0.9%
1Y
49.1%

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).
1729
HK$21.62
Time Interconnect Technology
7D
-4.6%
1Y
419.7%
2655
HK$27.82
Guoxia Technology
7D
-15.2%
1Y
n/a
19
HK$86.45
Swire Pacific
7D
2.7%
1Y
26.4%

19: Fair Outlook Will Depend On 2026 Dividend Delivery And Governance Changes

Analysts have kept their HK$89.74 price target on Swire Pacific broadly unchanged, citing only very small tweaks to assumptions around the discount rate, long term revenue growth, profit margin and future P/E. What's in the News Swire Pacific plans to seek shareholder approval to adopt new Articles of Association at its Annual General Meeting scheduled for 14 May 2026, which may update key corporate governance and operating rules (Key Developments).
66
HK$33.70
MTR
7D
-2.3%
1Y
24.8%

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.
1308
HK$33.00
SITC International Holdings
7D
5.1%
1Y
74.2%
3881
HK$27.00
CiDi
7D
-11.2%
1Y
n/a
666
HK$18.85
REPT BATTERO Energy
7D
20.2%
1Y
61.9%

REPT BATTERO Energy's (HKG:666) Earnings Are Weaker Than They Seem

Apr 02
REPT BATTERO Energy's (HKG:666) Earnings Are Weaker Than They Seem
2670
HK$298.80
Beijing Yunji Technology
7D
17.2%
1Y
n/a
2442
HK$31.92
Easy Smart Group Holdings
7D
-14.1%
1Y
2,605.1%