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Hong Kong (HSI) Industrials Sector Analysis

UpdatedJan 09, 2026
DataAggregated Company Financials
Companies482
  • 7D2.2%
  • 3M2.6%
  • 1Y26.9%
  • YTD0.7%

Over the last 7 days, the Industrials industry has risen 2.3%, driven by gains from J&T Global Express of 13%. Meanwhile, Deewin Tianxia actually underperformed within the industry, shrinking 34% in the last week. This takes the industry's 12 month performance to a gain of 27%. As for the next few years, earnings are expected to grow by 16% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 09 Jan 2026HK$4.6tHK$7.8tHK$355.6b11x13.1x0.6x
Sun, 07 Dec 2025HK$4.6tHK$7.7tHK$351.0b11x13x0.6x
Tue, 04 Nov 2025HK$4.5tHK$7.6tHK$348.7b11.1x12.9x0.6x
Thu, 02 Oct 2025HK$4.4tHK$7.6tHK$356.2b11.1x12.3x0.6x
Sat, 30 Aug 2025HK$4.5tHK$7.9tHK$355.3b11x12.6x0.6x
Mon, 28 Jul 2025HK$4.6tHK$7.8tHK$366.7b10.6x12.4x0.6x
Wed, 25 Jun 2025HK$4.2tHK$7.8tHK$366.0b10.3x11.6x0.5x
Fri, 23 May 2025HK$4.1tHK$7.8tHK$363.3b10.1x11.4x0.5x
Sun, 20 Apr 2025HK$3.8tHK$7.7tHK$356.4b9.2x10.6x0.5x
Tue, 18 Mar 2025HK$4.0tHK$7.7tHK$375.3b9.3x10.8x0.5x
Thu, 13 Feb 2025HK$3.9tHK$7.6tHK$372.0b8.9x10.4x0.5x
Sat, 11 Jan 2025HK$3.8tHK$7.5tHK$371.2b8.6x10.1x0.5x
Mon, 09 Dec 2024HK$4.0tHK$7.6tHK$373.6b8.5x10.6x0.5x
Wed, 06 Nov 2024HK$4.1tHK$7.7tHK$377.6b8.7x10.8x0.5x
Fri, 04 Oct 2024HK$4.1tHK$7.7tHK$361.1b9x11.3x0.5x
Sun, 01 Sep 2024HK$3.6tHK$7.7tHK$362.1b8.3x10x0.5x
Tue, 30 Jul 2024HK$3.5tHK$7.4tHK$327.5b8.3x10.7x0.5x
Thu, 27 Jun 2024HK$3.6tHK$7.4tHK$328.3b8.6x11.1x0.5x
Sat, 25 May 2024HK$3.8tHK$7.4tHK$330.4b8.6x11.4x0.5x
Mon, 22 Apr 2024HK$3.5tHK$7.4tHK$328.4b8.2x10.6x0.5x
Wed, 20 Mar 2024HK$3.5tHK$7.3tHK$363.4b7.6x9.5x0.5x
Fri, 16 Feb 2024HK$3.3tHK$7.3tHK$353.9b7.4x9.2x0.4x
Sun, 14 Jan 2024HK$3.3tHK$7.4tHK$353.5b8.2x9.4x0.4x
Tue, 12 Dec 2023HK$3.2tHK$7.4tHK$353.9b8.1x8.9x0.4x
Thu, 09 Nov 2023HK$3.2tHK$7.3tHK$350.3b7.9x9.1x0.4x
Sat, 07 Oct 2023HK$3.3tHK$7.2tHK$352.0b8x9.2x0.5x
Mon, 04 Sep 2023HK$3.4tHK$7.2tHK$353.1b8.5x9.6x0.5x
Wed, 02 Aug 2023HK$3.7tHK$7.2tHK$409.5b9.3x9.1x0.5x
Fri, 30 Jun 2023HK$3.6tHK$7.2tHK$413.3b9.4x8.6x0.5x
Sun, 28 May 2023HK$3.6tHK$7.3tHK$417.4b9.2x8.6x0.5x
Tue, 25 Apr 2023HK$3.8tHK$7.4tHK$430.2b9.6x8.9x0.5x
Thu, 23 Mar 2023HK$3.8tHK$7.3tHK$460.2b8.7x8.2x0.5x
Sat, 18 Feb 2023HK$3.8tHK$7.3tHK$470.7b8.6x8x0.5x
Mon, 16 Jan 2023HK$3.8tHK$7.4tHK$474.1b9.1x8x0.5x
Price to Earnings Ratio

8x


Total Market Cap: HK$3.8tTotal Earnings: HK$474.1bTotal Revenue: HK$7.4tTotal Market Cap vs Earnings and Revenue0%0%0%
Hong Kong Industrials Sector Price to Earnings3Y Average 10.3x202420252026
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 10.3x.
  • 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 9.2% 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 Market1.60%
Industrials2.23%
Aerospace & Defense11.51%
Professional Services9.63%
Electrical7.05%
Logistics5.37%
Building3.81%
Machinery3.39%
Trade Distributors2.89%
Airlines2.87%
Industrials2.11%
Commercial Services1.36%
Construction1.25%
Marine and Shipping-0.83%
Infrastructure-1.23%
Transportation-2.20%
Industry PE
  • Investors are most optimistic about the Airlines industry, which is trading close to its 3-year average PE ratio of 25.4x.
    • Analysts are expecting annual earnings growth of 66.8%, which is higher than its past year's earnings growth of 16.6% per year.
Forecasted Growth
  • Analysts are most optimistic on the Airlines industry, expecting annual earnings growth of 67% over the next 5 years.
  • This is better than its past earnings growth rate of 17% per year.
  • In contrast, the Marine and Shipping industry is expected to see its earnings decline by 31% 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$20.9010.1%
+HK$16.5b		63.3%PE13.5x
1519 J&T Global ExpressHK$12.0015.3%
+HK$14.1b		84.0%PE86x
1 CK Hutchison HoldingsHK$57.155.8%
+HK$12.1b		41.6%PE28.3x
669 Techtronic IndustriesHK$96.454.2%
+HK$7.1b		-2.0%PE18.9x
2727 Shanghai Electric GroupHK$4.488.5%
+HK$5.4b		78.5%PE74.6x

Latest News

842
HK$0.85
Leoch International Technology
7D
-59.5%
1Y
-43.7%
2727
HK$4.48
Shanghai Electric Group
7D
8.5%
1Y
78.5%
1519
HK$12.00
J&T Global Express
7D
15.3%
1Y
84.0%

1519: Higher Margins And Parcel Volumes Will Likely Not Resolve Overvaluation Risk

Analysts have lifted their price target for J&T Global Express to US$8.53 from US$8.39, reflecting updated views that combine slightly adjusted revenue growth expectations with higher projected profit margins and a lower assumed future P/E multiple. What's in the News J&T Global Express reported operating results for the third quarter ended September 30, 2025, giving investors fresh company level data to work with (Key Developments).
2588
HK$79.05
BOC Aviation
7D
7.3%
1Y
29.8%

BOC Aviation Limited (HKG:2588) Shares Could Be 32% Below Their Intrinsic Value Estimate

Jan 05
BOC Aviation Limited (HKG:2588) Shares Could Be 32% Below Their Intrinsic Value Estimate
2418
HK$5.90
Deewin Tianxia
7D
-38.1%
1Y
368.3%

Deewin Tianxia Co., Ltd's (HKG:2418) 35% Price Boost Is Out Of Tune With Revenues

Jan 02
Deewin Tianxia Co., Ltd's (HKG:2418) 35% Price Boost Is Out Of Tune With Revenues
669
HK$96.45
Techtronic Industries
7D
4.2%
1Y
-2.0%
177
HK$9.14
Jiangsu Expressway
7D
-5.6%
1Y
9.1%
267
HK$12.12
CITIC
7D
-2.1%
1Y
46.0%
2338
HK$20.90
Weichai Power
7D
10.1%
1Y
63.3%
9880
HK$126.70
Ubtech Robotics
7D
-3.3%
1Y
173.9%
6600
HK$104.90
OneRobotics (Shenzhen)
7D
14.0%
1Y
n/a
1729
HK$15.72
Time Interconnect Technology
7D
-11.1%
1Y
295.0%
1919
HK$13.77
COSCO SHIPPING Holdings
7D
-0.9%
1Y
18.7%
1
HK$57.15
CK Hutchison Holdings
7D
5.8%
1Y
41.6%

1: AS Watson Listing Plan Will Drive A More Positive Risk Reward Profile

Analysts have slightly lifted their price target on CK Hutchison Holdings, citing a modest improvement in long term valuation assumptions, underpinned by stable growth expectations and profitability metrics. What's in the News CK Hutchison Holdings is exploring a potential listing of its health and beauty arm, A.S. Watson, with early-stage discussions under way with financial advisers about timing and structure (Key Developments).
3311
HK$8.98
China State Construction International Holdings
7D
-2.9%
1Y
-23.9%
19
HK$66.25
Swire Pacific
7D
4.0%
1Y
-3.4%

Swire Pacific Limited's (HKG:19) Popularity With Investors Is Clear

Dec 07
Swire Pacific Limited's (HKG:19) Popularity With Investors Is Clear