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Hong Kong (HSI) Industrials Sector Analysis

UpdatedApr 09, 2026
DataAggregated Company Financials
Companies482
  • 7D3.2%
  • 3M7.3%
  • 1Y44.7%
  • YTD8.1%

The Industrials industry is up 2.4% in the last week, with CITIC up 3.0%. This means that the industry has gained 42% over the past year. As for the next few years, earnings are expected to grow by 14% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 09 Apr 2026HK$5.0tHK$7.8tHK$319.8b11.7x15.7x0.6x
Sat, 07 Mar 2026HK$5.1tHK$7.9tHK$364.1b11.8x14.1x0.6x
Mon, 02 Feb 2026HK$4.9tHK$7.9tHK$357.5b11.8x13.7x0.6x
Wed, 31 Dec 2025HK$4.6tHK$7.8tHK$354.9b11.2x12.9x0.6x
Fri, 28 Nov 2025HK$4.5tHK$7.7tHK$349.8b11.1x12.7x0.6x
Sun, 26 Oct 2025HK$4.4tHK$7.6tHK$355.3b11x12.5x0.6x
Tue, 23 Sep 2025HK$4.5tHK$7.8tHK$354.0b10.7x12.6x0.6x
Thu, 21 Aug 2025HK$4.5tHK$7.8tHK$356.8b11x12.7x0.6x
Sat, 19 Jul 2025HK$4.3tHK$7.8tHK$366.1b10x11.9x0.6x
Mon, 16 Jun 2025HK$4.2tHK$7.8tHK$365.2b10x11.6x0.5x
Wed, 14 May 2025HK$4.1tHK$7.8tHK$362.1b10.1x11.2x0.5x
Fri, 11 Apr 2025HK$3.7tHK$7.6tHK$354.7b9x10.4x0.5x
Sun, 09 Mar 2025HK$4.0tHK$7.6tHK$383.1b9.1x10.5x0.5x
Tue, 04 Feb 2025HK$3.8tHK$7.6tHK$374.1b8.6x10.2x0.5x
Thu, 02 Jan 2025HK$4.0tHK$7.6tHK$371.5b8.8x10.7x0.5x
Sat, 30 Nov 2024HK$3.9tHK$7.6tHK$374.7b8.2x10.3x0.5x
Mon, 28 Oct 2024HK$4.0tHK$7.7tHK$358.8b8.7x11x0.5x
Wed, 25 Sep 2024HK$3.6tHK$7.8tHK$361.3b8.2x10.1x0.5x
Fri, 23 Aug 2024HK$3.6tHK$7.7tHK$371.3b8.2x9.8x0.5x
Sun, 21 Jul 2024HK$3.5tHK$7.4tHK$327.1b8.4x10.7x0.5x
Tue, 18 Jun 2024HK$3.7tHK$7.4tHK$328.1b8.7x11.2x0.5x
Thu, 16 May 2024HK$3.8tHK$7.4tHK$331.2b8.6x11.5x0.5x
Sat, 13 Apr 2024HK$3.5tHK$7.4tHK$329.6b8.1x10.6x0.5x
Mon, 11 Mar 2024HK$3.4tHK$7.3tHK$347.4b7.9x9.9x0.5x
Wed, 07 Feb 2024HK$3.3tHK$7.3tHK$354.4b7.5x9.2x0.4x
Fri, 05 Jan 2024HK$3.4tHK$7.4tHK$353.4b8.2x9.5x0.5x
Sun, 03 Dec 2023HK$3.2tHK$7.4tHK$355.7b8.2x9x0.4x
Tue, 31 Oct 2023HK$3.2tHK$7.3tHK$375.5b8.2x8.5x0.4x
Thu, 28 Sep 2023HK$3.3tHK$7.2tHK$350.8b8.1x9.3x0.5x
Sat, 26 Aug 2023HK$3.3tHK$7.2tHK$371.8b8.9x9x0.5x
Mon, 24 Jul 2023HK$3.6tHK$7.2tHK$414.6b8.8x8.7x0.5x
Wed, 21 Jun 2023HK$3.6tHK$7.2tHK$413.5b9.5x8.8x0.5x
Fri, 19 May 2023HK$3.8tHK$7.3tHK$417.2b9.3x9x0.5x
Sun, 16 Apr 2023HK$3.9tHK$7.4tHK$431.4b9.9x8.9x0.5x
Price to Earnings Ratio

8.9x


Total Market Cap: HK$3.9tTotal Earnings: HK$431.4bTotal Revenue: HK$7.4tTotal Market Cap vs Earnings and Revenue0%0%0%
Hong Kong Industrials Sector Price to Earnings3Y Average 10.8x202420252026
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 15.3x which is higher than its 3-year average PE of 10.8x.
  • 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 9.6% per year over the last three years.
  • Meanwhile revenues have remained mostly flat.
  • This means that although sales have remained flat, 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 Market2.00%
Industrials3.17%
Electrical6.35%
Aerospace & Defense5.96%
Machinery3.70%
Building3.57%
Trade Distributors3.44%
Construction3.40%
Logistics3.36%
Transportation2.52%
Infrastructure2.43%
Industrials2.31%
Commercial Services1.80%
Marine and Shipping1.69%
Airlines1.60%
Professional Services-1.69%
Industry PE
  • Investors are most optimistic about the Airlines industry even though it's trading below its 3-year average PE ratio of 27.7x.
    • Analysts are expecting annual earnings growth of 40.1%, which is higher than its past year's earnings growth of 12.7% per year.
Forecasted Growth
  • Analysts are most optimistic on the Airlines industry, expecting annual earnings growth of 40% 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 20% 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$31.548.4%
+HK$21.1b		110.0%PE21.7x
669 Techtronic IndustriesHK$113.708.4%
+HK$16.1b		49.2%PE22.2x
1072 Dongfang ElectricHK$38.9410.2%
+HK$12.5b		310.8%PE30.6x
267 CITICHK$12.313.3%
+HK$11.3b		45.3%PE5.3x
1 CK Hutchison HoldingsHK$63.003.7%
+HK$8.6b		59.5%PE20.4x

Latest News

1729
HK$19.10
Time Interconnect Technology
7D
27.3%
1Y
404.0%
1645
HK$2.85
Haina Intelligent Equipment International Holdings
7D
-19.5%
1Y
141.5%
2789
HK$0.18
Yuanda China Holdings
7D
-23.7%
1Y
114.3%
1519
HK$10.82
J&T Global Express
7D
5.2%
1Y
110.5%

J&T Global Express' (HKG:1519) Earnings May Just Be The Starting Point

Apr 07
J&T Global Express' (HKG:1519) Earnings May Just Be The Starting Point
656
HK$4.14
Fosun International
7D
-3.5%
1Y
4.0%

656: Share Repurchases And Asset Reset Are Expected To Support Stronger Performance

Analysts have trimmed their price target for Fosun International to HK$5.13 from HK$5.16. This reflects revised assumptions around revenue growth, profit margins and future P/E expectations.
1133
HK$23.00
Harbin Electric
7D
11.0%
1Y
467.9%

Shareholders Can Be Confident That Harbin Electric's (HKG:1133) Earnings Are High Quality

Apr 02
Shareholders Can Be Confident That Harbin Electric's (HKG:1133) Earnings Are High Quality
548
HK$7.95
Shenzhen Expressway
7D
-1.5%
1Y
26.2%

Shenzhen Expressway's (HKG:548) Earnings Offer More Than Meets The Eye

Apr 01
Shenzhen Expressway's (HKG:548) Earnings Offer More Than Meets The Eye
1796
HK$0.66
Metaspacex
7D
-58.2%
1Y
-60.2%
177
HK$9.93
Jiangsu Expressway
7D
-1.8%
1Y
6.3%
1072
HK$38.94
Dongfang Electric
7D
10.2%
1Y
310.8%
2338
HK$31.54
Weichai Power
7D
8.4%
1Y
110.0%
1800
HK$4.55
China Communications Construction
7D
-0.4%
1Y
-7.1%
669
HK$113.70
Techtronic Industries
7D
8.4%
1Y
49.2%
3808
HK$42.34
Sinotruk (Hong Kong)
7D
-0.5%
1Y
125.7%

Sinotruk (Hong Kong) Limited (HKG:3808) Released Earnings Last Week And Analysts Lifted Their Price Target To HK$37.87

Mar 30
Sinotruk (Hong Kong) Limited (HKG:3808) Released Earnings Last Week And Analysts Lifted Their Price Target To HK$37.87
267
HK$12.31
CITIC
7D
3.3%
1Y
45.3%
1
HK$63.00
CK Hutchison Holdings
7D
3.7%
1Y
59.5%

1: Telecom Asset Sales And IPO Plans Will Drive Future Upside Potential

Analysts have slightly increased their fair value estimate for CK Hutchison Holdings from HK$69.33 to HK$69.95, reflecting updated assumptions around revenue growth, profit margins and forward P/E expectations. What's in the News Proposed final cash dividend of HK$1.602 per share for the year ended 31 December 2025, subject to shareholder approval on 21 May 2026, with record date on 28 May 2026, ex dividend date on 27 May 2026, and payment date on 11 June 2026 (company announcement).