Analysis Article • Aug 16
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Hong Kong (HSI) Industrials Sector Analysis
UpdatedAug 18, 2026
DataAggregated Company Financials
Companies484
- 7D-0.7%
- 3M-7.0%
- 1Y4.6%
- YTD0.8%
The Industrials is pretty flat in the last 7 days, but COSCO SHIPPING Holdings has stood out, gaining 8.2%. The past year has been better, since the industry has gained 4.6% in that time. Looking forward, earnings are forecast to grow by 12% annually.
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 |
|---|---|---|---|---|---|---|
| Tue, 18 Aug 2026 | HK$5.1t | HK$8.0t | HK$380.8b | 11.5x | 13.3x | 0.6x |
| Thu, 16 Jul 2026 | HK$4.8t | HK$7.9t | HK$332.3b | 11.2x | 14.5x | 0.6x |
| Sat, 13 Jun 2026 | HK$5.0t | HK$7.9t | HK$321.2b | 11.3x | 15.5x | 0.6x |
| Mon, 11 May 2026 | HK$5.4t | HK$7.9t | HK$320.0b | 12.2x | 16.8x | 0.7x |
| Wed, 08 Apr 2026 | HK$4.9t | HK$7.8t | HK$318.3b | 11.2x | 15.3x | 0.6x |
| Fri, 06 Mar 2026 | HK$5.1t | HK$7.9t | HK$362.5b | 11.5x | 14x | 0.6x |
| Sun, 01 Feb 2026 | HK$4.9t | HK$7.9t | HK$357.5b | 11.8x | 13.7x | 0.6x |
| Tue, 30 Dec 2025 | HK$4.5t | HK$7.8t | HK$354.1b | 11x | 12.8x | 0.6x |
| Thu, 27 Nov 2025 | HK$4.5t | HK$7.7t | HK$349.8b | 11.1x | 12.7x | 0.6x |
| Sat, 25 Oct 2025 | HK$4.4t | HK$7.6t | HK$355.3b | 11.1x | 12.5x | 0.6x |
| Mon, 22 Sep 2025 | HK$4.5t | HK$7.8t | HK$354.1b | 10.8x | 12.8x | 0.6x |
| Wed, 20 Aug 2025 | HK$4.6t | HK$7.8t | HK$356.4b | 11.1x | 12.8x | 0.6x |
| Fri, 18 Jul 2025 | HK$4.3t | HK$7.8t | HK$366.0b | 10.1x | 11.8x | 0.6x |
| Sun, 15 Jun 2025 | HK$4.2t | HK$7.8t | HK$365.2b | 10x | 11.6x | 0.5x |
| Tue, 13 May 2025 | HK$4.0t | HK$7.7t | HK$361.8b | 9.9x | 11.2x | 0.5x |
| Thu, 10 Apr 2025 | HK$3.6t | HK$7.6t | HK$354.1b | 8.9x | 10.3x | 0.5x |
| Sat, 08 Mar 2025 | HK$4.0t | HK$7.6t | HK$383.1b | 9.1x | 10.5x | 0.5x |
| Mon, 03 Feb 2025 | HK$3.8t | HK$7.6t | HK$374.0b | 8.8x | 10.3x | 0.5x |
| Wed, 01 Jan 2025 | HK$4.0t | HK$7.6t | HK$371.9b | 8.8x | 10.7x | 0.5x |
| Fri, 29 Nov 2024 | HK$3.9t | HK$7.6t | HK$375.1b | 8.2x | 10.3x | 0.5x |
| Sun, 27 Oct 2024 | HK$4.0t | HK$7.7t | HK$358.8b | 8.7x | 11x | 0.5x |
| Tue, 24 Sep 2024 | HK$3.6t | HK$7.8t | HK$360.9b | 8.1x | 9.9x | 0.5x |
| Thu, 22 Aug 2024 | HK$3.6t | HK$7.7t | HK$371.0b | 8.1x | 9.8x | 0.5x |
| Sat, 20 Jul 2024 | HK$3.5t | HK$7.4t | HK$327.1b | 8.4x | 10.7x | 0.5x |
| Mon, 17 Jun 2024 | HK$3.7t | HK$7.4t | HK$328.1b | 8.8x | 11.2x | 0.5x |
| Wed, 15 May 2024 | HK$3.8t | HK$7.4t | HK$330.9b | 8.6x | 11.5x | 0.5x |
| Fri, 12 Apr 2024 | HK$3.5t | HK$7.4t | HK$329.5b | 8.1x | 10.7x | 0.5x |
| Sun, 10 Mar 2024 | HK$3.4t | HK$7.3t | HK$347.4b | 7.9x | 9.9x | 0.5x |
| Tue, 06 Feb 2024 | HK$3.2t | HK$7.3t | HK$354.0b | 7.6x | 8.9x | 0.4x |
| Thu, 04 Jan 2024 | HK$3.4t | HK$7.4t | HK$353.6b | 8.3x | 9.5x | 0.5x |
| Sat, 02 Dec 2023 | HK$3.2t | HK$7.4t | HK$355.6b | 8.2x | 9x | 0.4x |
| Mon, 30 Oct 2023 | HK$3.2t | HK$7.3t | HK$375.4b | 7.9x | 8.5x | 0.4x |
| Wed, 27 Sep 2023 | HK$3.3t | HK$7.2t | HK$351.0b | 8.2x | 9.3x | 0.5x |
| Fri, 25 Aug 2023 | HK$3.4t | HK$7.2t | HK$370.3b | 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 13.3x 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 | -0.86% | |
| Industrials | -0.69% | |
| Marine and Shipping | 5.85% | |
| Electrical | 1.33% | |
| Aerospace & Defense | 0.84% | |
| Trade Distributors | 0.65% | |
| Professional Services | 0.28% | |
| Construction | -0.068% | |
| Commercial Services | -0.22% | |
| Transportation | -0.40% | |
| Infrastructure | -0.65% | |
| Industrials | -1.25% | |
| Building | -1.87% | |
| Machinery | -1.99% | |
| Airlines | -3.92% | |
| Logistics | -9.28% | |
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 22.1%, 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 22% 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$16.70 | 8.2% +HK$19.1b | 16.4% | PE8.6x | |
| 316 Orient Overseas (International) | HK$164.90 | 10.3% +HK$10.2b | 14.0% | PE9.2x | |
| 1308 SITC International Holdings | HK$43.58 | 8.2% +HK$8.9b | 49.2% | PE12.3x | |
| 267 CITIC | HK$12.20 | 2.2% +HK$7.6b | 6.6% | PE5.2x | |
| 2510 T.S. Lines | HK$11.00 | 23.9% +HK$3.5b | 10.8% | PE7.1x |
