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Hong Kong (HSI) Industrials Sector Analysis

UpdatedMar 28, 2026
DataAggregated Company Financials
Companies484
  • 7D-1.5%
  • 3M5.1%
  • 1Y24.5%
  • YTD4.2%

Over the last 7 days, the Industrials industry has dropped 1.5%, driven by a pullback from COSCO SHIPPING Holdings of 3.4%. This takes the industry's 12 month performance to a gain of 25%. 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
Sun, 29 Mar 2026HK$4.8tHK$7.9tHK$341.7b11.3x14.1x0.6x
Tue, 24 Feb 2026HK$5.1tHK$7.9tHK$358.6b11.8x14.3x0.7x
Thu, 22 Jan 2026HK$4.8tHK$7.8tHK$356.5b11.5x13.5x0.6x
Sat, 20 Dec 2025HK$4.5tHK$7.7tHK$353.0b11.1x12.8x0.6x
Mon, 17 Nov 2025HK$4.6tHK$7.6tHK$349.5b11.1x13.1x0.6x
Wed, 15 Oct 2025HK$4.4tHK$7.6tHK$354.6b11x12.3x0.6x
Fri, 12 Sep 2025HK$4.5tHK$7.8tHK$354.3b10.7x12.8x0.6x
Sun, 10 Aug 2025HK$4.5tHK$7.8tHK$362.7b10.9x12.4x0.6x
Tue, 08 Jul 2025HK$4.2tHK$7.8tHK$366.3b9.6x11.5x0.5x
Thu, 05 Jun 2025HK$4.1tHK$7.8tHK$364.9b10.1x11.4x0.5x
Sat, 03 May 2025HK$3.9tHK$7.7tHK$358.6b9.8x10.8x0.5x
Mon, 31 Mar 2025HK$4.0tHK$7.7tHK$368.8b9.8x10.8x0.5x
Wed, 26 Feb 2025HK$3.9tHK$7.6tHK$372.1b8.9x10.5x0.5x
Fri, 24 Jan 2025HK$3.8tHK$7.6tHK$372.8b8.5x10.2x0.5x
Sun, 22 Dec 2024HK$3.9tHK$7.6tHK$372.5b8.7x10.4x0.5x
Tue, 19 Nov 2024HK$3.9tHK$7.6tHK$376.3b8.6x10.5x0.5x
Thu, 17 Oct 2024HK$3.9tHK$7.7tHK$358.9b8.7x10.7x0.5x
Sat, 14 Sep 2024HK$3.4tHK$7.7tHK$359.7b7.9x9.5x0.4x
Mon, 12 Aug 2024HK$3.6tHK$7.6tHK$360.5b8.3x9.9x0.5x
Wed, 10 Jul 2024HK$3.6tHK$7.4tHK$326.4b8.7x10.9x0.5x
Fri, 07 Jun 2024HK$3.8tHK$7.4tHK$328.4b8.9x11.5x0.5x
Sun, 05 May 2024HK$3.6tHK$7.4tHK$330.4b8.3x10.8x0.5x
Tue, 02 Apr 2024HK$3.4tHK$7.4tHK$330.7b8x10.4x0.5x
Thu, 29 Feb 2024HK$3.4tHK$7.3tHK$352.9b7.9x9.5x0.5x
Sat, 27 Jan 2024HK$3.3tHK$7.4tHK$354.2b7.7x9.4x0.4x
Mon, 25 Dec 2023HK$3.3tHK$7.4tHK$355.0b8.2x9.2x0.4x
Wed, 22 Nov 2023HK$3.3tHK$7.4tHK$352.6b8.1x9.3x0.4x
Fri, 20 Oct 2023HK$3.1tHK$7.2tHK$350.7b7.9x8.9x0.4x
Sun, 17 Sep 2023HK$3.4tHK$7.2tHK$351.7b8.4x9.5x0.5x
Tue, 15 Aug 2023HK$3.5tHK$7.2tHK$408.7b9x8.6x0.5x
Thu, 13 Jul 2023HK$3.6tHK$7.2tHK$414.4b9.2x8.6x0.5x
Sat, 10 Jun 2023HK$3.6tHK$7.2tHK$415.2b9.4x8.7x0.5x
Mon, 08 May 2023HK$3.9tHK$7.4tHK$420.1b9.4x9.3x0.5x
Wed, 05 Apr 2023HK$3.8tHK$7.4tHK$446.3b9.2x8.5x0.5x
Price to Earnings Ratio

8.5x


Total Market Cap: HK$3.8tTotal Earnings: HK$446.3bTotal Revenue: HK$7.4tTotal Market Cap vs Earnings and Revenue0%0%0%
Hong Kong Industrials Sector Price to Earnings3Y Average 10.7x202420252026
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 13.9x which is higher than its 3-year average PE of 10.7x.
  • The industry is trading close to its 3-year average PS ratio of 0.51x.
Past Earnings Growth
  • The earnings for companies in the Industrials industry have declined 8.2% 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-1.36%
Industrials-1.49%
Professional Services5.45%
Commercial Services2.62%
Trade Distributors1.22%
Industrials0.33%
Machinery-1.04%
Construction-1.29%
Transportation-1.32%
Logistics-1.49%
Building-2.05%
Infrastructure-2.65%
Electrical-3.04%
Marine and Shipping-3.37%
Airlines-4.06%
Aerospace & Defense-8.37%
Industry PE
  • Investors are most optimistic about the Airlines industry even though it's trading below its 3-year average PE ratio of 27.4x.
    • Analysts are expecting annual earnings growth of 58.8%, 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 59% 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 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
267 CITICHK$11.832.8%
+HK$9.3b		24.9%PE5.2x
3808 Sinotruk (Hong Kong)HK$39.825.0%
+HK$5.2b		77.8%PE13.8x
257 China Everbright Environment GroupHK$5.649.9%
+HK$3.1b		62.5%PE8.8x
656 Fosun InternationalHK$4.138.7%
+HK$2.7b		-4.6%PS0.2x
2670 Beijing Yunji TechnologyHK$232.0016.9%
+HK$2.3b		n/aPS47.4x

Latest News

152
HK$7.67
Shenzhen International Holdings
7D
-16.4%
1Y
-2.3%

Shenzhen International Holdings Limited Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

Mar 29
Shenzhen International Holdings Limited Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now
3808
HK$39.82
Sinotruk (Hong Kong)
7D
5.0%
1Y
77.8%
267
HK$11.83
CITIC
7D
2.8%
1Y
24.9%
3339
HK$3.07
Lonking Holdings
7D
14.1%
1Y
50.5%
753
HK$4.77
Air China
7D
-5.4%
1Y
-4.6%
586
HK$11.95
China Conch Venture Holdings
7D
8.6%
1Y
51.8%
1
HK$59.15
CK Hutchison Holdings
7D
-1.9%
1Y
31.0%
257
HK$5.64
China Everbright Environment Group
7D
9.9%
1Y
62.5%
1919
HK$15.06
COSCO SHIPPING Holdings
7D
-3.4%
1Y
23.0%
2655
HK$40.24
Guoxia Technology
7D
-19.5%
1Y
n/a
656
HK$4.13
Fosun International
7D
8.7%
1Y
-4.6%

656: One Off Impairments Will Clear Balance Sheet For Future Earnings Rebound

Analysts have adjusted their HK$ price target on Fosun International slightly higher, reflecting small updates to fair value estimates, projected revenue growth, expected profit margins and the assumed future P/E multiple. What's in the News Fosun International has scheduled a board meeting for March 30, 2026 to consider approving the annual results for the year ended December 31, 2025, and to consider the payment of a final dividend, if any (company announcement).
19
HK$85.70
Swire Pacific
7D
-3.2%
1Y
23.0%

19: Fair Outlook Will Depend On 2026 Dividend Progress And Earnings Resilience

Analysts have increased their HK$ fair value estimate for Swire Pacific from HK$83.71 to HK$88.11, citing updated assumptions that incorporate slightly lower revenue growth expectations, a modestly higher profit margin, and a small change in the forward P/E. What's in the News Directors declared a second interim dividend of HK$2.50 per A share and HK$0.50 per B share, bringing full year dividends to HK$3.80 per A share and HK$0.76 per B share, a 13% increase on ordinary dividends for 2024 (Key Developments).
316
HK$141.60
Orient Overseas (International)
7D
-3.6%
1Y
22.9%
9880
HK$91.00
Ubtech Robotics
7D
-8.1%
1Y
10.3%
2670
HK$232.00
Beijing Yunji Technology
7D
16.9%
1Y
n/a
2442
HK$24.80
Easy Smart Group Holdings
7D
27.8%
1Y
1,966.7%