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Hong Kong (HSI) Industrials Sector Analysis

UpdatedAug 09, 2026
DataAggregated Company Financials
Companies484
  • 7D0.9%
  • 3M-9.6%
  • 1Y7.2%
  • YTD0.5%

Last week, the Industrials industry hasn't moved much but Techtronic Industries is up 11% in that time. As for the the longer term, the industry is up 7.2% over the past 12 months. 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
Sun, 09 Aug 2026HK$5.0tHK$8.0tHK$345.3b11.5x14.6x0.6x
Tue, 07 Jul 2026HK$4.8tHK$7.9tHK$332.6b11.4x14.5x0.6x
Thu, 04 Jun 2026HK$5.2tHK$7.9tHK$321.2b11.6x16.2x0.7x
Sat, 02 May 2026HK$5.2tHK$7.8tHK$321.0b11.8x16.2x0.7x
Mon, 30 Mar 2026HK$4.8tHK$7.9tHK$341.8b11.3x14.1x0.6x
Wed, 25 Feb 2026HK$5.2tHK$7.9tHK$359.8b11.7x14.4x0.7x
Fri, 23 Jan 2026HK$4.8tHK$7.8tHK$356.1b11.5x13.6x0.6x
Sun, 21 Dec 2025HK$4.5tHK$7.7tHK$353.0b11.1x12.8x0.6x
Tue, 18 Nov 2025HK$4.6tHK$7.6tHK$349.2b11x13.1x0.6x
Thu, 16 Oct 2025HK$4.4tHK$7.6tHK$354.9b11.1x12.5x0.6x
Sat, 13 Sep 2025HK$4.5tHK$7.8tHK$354.1b10.5x12.8x0.6x
Mon, 11 Aug 2025HK$4.5tHK$7.8tHK$362.6b10.9x12.4x0.6x
Wed, 09 Jul 2025HK$4.2tHK$7.8tHK$366.2b9.7x11.6x0.5x
Fri, 06 Jun 2025HK$4.1tHK$7.8tHK$365.2b10x11.3x0.5x
Sun, 04 May 2025HK$3.9tHK$7.7tHK$358.6b9.8x10.8x0.5x
Tue, 01 Apr 2025HK$3.9tHK$7.7tHK$369.1b9.5x10.7x0.5x
Thu, 27 Feb 2025HK$4.0tHK$7.6tHK$372.2b9.2x10.6x0.5x
Sat, 25 Jan 2025HK$3.8tHK$7.6tHK$374.1b8.5x10.3x0.5x
Mon, 23 Dec 2024HK$3.9tHK$7.6tHK$372.5b8.7x10.4x0.5x
Wed, 20 Nov 2024HK$4.0tHK$7.6tHK$375.9b8.7x10.5x0.5x
Fri, 18 Oct 2024HK$3.8tHK$7.7tHK$359.0b8.6x10.6x0.5x
Sun, 15 Sep 2024HK$3.4tHK$7.7tHK$359.8b7.9x9.5x0.4x
Tue, 13 Aug 2024HK$3.6tHK$7.6tHK$359.9b8.2x9.9x0.5x
Thu, 11 Jul 2024HK$3.5tHK$7.4tHK$326.2b8.6x10.8x0.5x
Sat, 08 Jun 2024HK$3.8tHK$7.4tHK$328.4b8.8x11.6x0.5x
Mon, 06 May 2024HK$3.6tHK$7.4tHK$330.8b8.3x10.8x0.5x
Wed, 03 Apr 2024HK$3.5tHK$7.4tHK$330.5b8x10.6x0.5x
Fri, 01 Mar 2024HK$3.4tHK$7.3tHK$354.3b7.9x9.6x0.5x
Sun, 28 Jan 2024HK$3.3tHK$7.4tHK$353.9b7.7x9.4x0.4x
Tue, 26 Dec 2023HK$3.3tHK$7.4tHK$354.9b8.2x9.2x0.4x
Thu, 23 Nov 2023HK$3.3tHK$7.3tHK$352.4b8.1x9.3x0.4x
Sat, 21 Oct 2023HK$3.1tHK$7.2tHK$350.5b7.7x8.9x0.4x
Mon, 18 Sep 2023HK$3.4tHK$7.2tHK$351.7b8.4x9.5x0.5x
Wed, 16 Aug 2023HK$3.5tHK$7.2tHK$408.4b9x8.6x0.5x
Price to Earnings Ratio

8.6x


Total Market Cap: HK$3.5tTotal Earnings: HK$408.4bTotal Revenue: HK$7.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Hong Kong Industrials Sector Price to Earnings3Y Average 11.5x202420252026
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 14.6x which is higher than its 3-year average PE of 11.5x.
  • 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 declined 5.4% per year over the last three years.
  • Meanwhile revenues for these companies have grown 3.5% 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-1.00%
Industrials0.91%
Professional Services22.25%
Electrical6.65%
Machinery6.25%
Aerospace & Defense3.59%
Airlines0.29%
Building-0.27%
Trade Distributors-0.63%
Construction-0.70%
Marine and Shipping-1.29%
Logistics-1.40%
Industrials-1.59%
Commercial Services-1.87%
Transportation-3.17%
Infrastructure-3.62%
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 21.8%, 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 42% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Marine and Shipping industry is expected to see its earnings decline by 14% 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
669 Techtronic IndustriesHK$146.6011.1%
+HK$26.7b		55.6%PE26.1x
2338 Weichai PowerHK$35.046.4%
+HK$18.1b		108.1%PE23x
1072 Dongfang ElectricHK$23.388.6%
+HK$6.4b		25.0%PE16.3x
6656 Sigenergy TechnologyHK$316.408.6%
+HK$6.2b		n/aPE23.2x
2225 Jinhai Medical TechnologyHK$4.7029.1%
+HK$5.6b		205.2%PS87.5x

Latest News

669
HK$146.60
Techtronic Industries
7D
11.1%
1Y
55.6%
Narrative Update • Aug 06

669: Record Earnings And Buybacks Will Support Cautious But Steady Outlook

Analysts have lifted their HK$ fair value estimate for Techtronic Industries from about HK$138.52 to about HK$156.43, citing updated assumptions for revenue growth, profit margins and future P/E multiples, along with a slightly lower discount rate. What’s in the News for Techtronic Industries Techtronic Industries reported record first half 2026 results with revenue of US$8.3b, which the company stated reflected 5.9% revenue growth and net profit of US$738 million, which the company stated was up 17.5%.
1133
HK$17.73
Harbin Electric
7D
12.4%
1Y
131.8%
6656
HK$316.40
Sigenergy Technology
7D
8.6%
1Y
n/a
2225
HK$4.70
Jinhai Medical Technology
7D
29.1%
1Y
205.2%
2618
HK$14.52
JD Logistics
7D
-3.3%
1Y
3.3%
1729
HK$15.34
Time Interconnect Technology
7D
16.3%
1Y
46.8%
66
HK$31.90
MTR
7D
-3.7%
1Y
13.5%
316
HK$148.60
Orient Overseas (International)
7D
-2.9%
1Y
3.6%
267
HK$11.89
CITIC
7D
-3.9%
1Y
1.5%
1072
HK$23.38
Dongfang Electric
7D
8.6%
1Y
25.0%
2338
HK$35.04
Weichai Power
7D
6.4%
1Y
108.1%
9880
HK$90.00
Ubtech Robotics
7D
10.4%
1Y
-3.0%
1919
HK$15.42
COSCO SHIPPING Holdings
7D
-2.2%
1Y
4.9%
1800
HK$3.77
China Communications Construction
7D
-4.3%
1Y
-34.7%
659
HK$7.73
CTF Services
7D
-5.8%
1Y
9.4%
Narrative Update • Jun 24

659: New Master Agreements And Meeting Timeline Will Support Stronger Shares

Analysts have nudged the CTF Services price target slightly higher to HK$10.80, reflecting updated assumptions for the discount rate and future P/E while keeping fair value, revenue growth, and profit margin estimates unchanged. What's in the News CTF Services has scheduled a Special and Extraordinary Shareholders Meeting for Jun 22, 2026, at 11:00 China Standard Time at the Hong Kong Convention and Exhibition Centre, meeting room n101, expo drive entrance.
576
HK$6.25
Zhejiang Expressway
7D
-10.1%
1Y
-17.6%
Analysis Article • May 12

Earnings Troubles May Signal Larger Issues for Zhejiang Expressway (HKG:576) Shareholders

Investors were disappointed by Zhejiang Expressway Co., Ltd.'s ( HKG:576 ) latest earnings release. Our analysis has...