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Hong Kong (HSI) Industrials Sector Analysis

UpdatedJun 08, 2026
DataAggregated Company Financials
Companies488
  • 7D-0.9%
  • 3M-2.5%
  • 1Y22.6%
  • YTD4.8%

The Industrials is pretty flat in the last 7 days, but CITIC has stood out, gaining 5.9%. As for the the longer term, the industry is up 23% 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
Mon, 08 Jun 2026HK$5.1tHK$7.9tHK$321.1b11.5x16x0.6x
Wed, 06 May 2026HK$5.2tHK$7.8tHK$319.4b11.8x16.4x0.7x
Fri, 03 Apr 2026HK$4.9tHK$7.9tHK$310.5b11.6x15.7x0.6x
Sun, 01 Mar 2026HK$5.2tHK$7.9tHK$361.8b11.7x14.4x0.7x
Tue, 27 Jan 2026HK$4.9tHK$7.8tHK$356.8b11.5x13.6x0.6x
Thu, 25 Dec 2025HK$4.6tHK$7.8tHK$353.7b11.1x12.9x0.6x
Sat, 22 Nov 2025HK$4.4tHK$7.7tHK$349.2b10.8x12.6x0.6x
Mon, 20 Oct 2025HK$4.3tHK$7.6tHK$355.0b10.7x12.2x0.6x
Wed, 17 Sep 2025HK$4.5tHK$7.8tHK$354.3b10.7x12.8x0.6x
Fri, 15 Aug 2025HK$4.5tHK$7.8tHK$363.2b11.1x12.5x0.6x
Sun, 13 Jul 2025HK$4.3tHK$7.8tHK$366.4b9.8x11.7x0.5x
Tue, 10 Jun 2025HK$4.2tHK$7.8tHK$365.2b10x11.4x0.5x
Thu, 08 May 2025HK$3.9tHK$7.7tHK$360.0b10.1x11x0.5x
Sat, 05 Apr 2025HK$3.9tHK$7.7tHK$356.5b9.6x10.9x0.5x
Mon, 03 Mar 2025HK$3.9tHK$7.6tHK$370.0b8.9x10.5x0.5x
Wed, 29 Jan 2025HK$3.8tHK$7.6tHK$374.1b8.8x10.3x0.5x
Fri, 27 Dec 2024HK$3.9tHK$7.6tHK$372.1b8.8x10.6x0.5x
Sun, 24 Nov 2024HK$3.9tHK$7.6tHK$375.6b8.6x10.3x0.5x
Tue, 22 Oct 2024HK$3.9tHK$7.7tHK$359.3b8.8x10.9x0.5x
Thu, 19 Sep 2024HK$3.5tHK$7.7tHK$360.0b7.9x9.6x0.4x
Sat, 17 Aug 2024HK$3.6tHK$7.6tHK$364.4b8.2x9.9x0.5x
Mon, 15 Jul 2024HK$3.6tHK$7.4tHK$327.6b8.6x11x0.5x
Wed, 12 Jun 2024HK$3.8tHK$7.4tHK$328.1b8.8x11.6x0.5x
Fri, 10 May 2024HK$3.7tHK$7.4tHK$331.3b8.4x11.2x0.5x
Sun, 07 Apr 2024HK$3.5tHK$7.4tHK$330.6b7.8x10.4x0.5x
Tue, 05 Mar 2024HK$3.4tHK$7.3tHK$351.9b8x9.6x0.5x
Thu, 01 Feb 2024HK$3.2tHK$7.5tHK$355.4b7.7x9.1x0.4x
Sat, 30 Dec 2023HK$3.3tHK$7.4tHK$356.1b8.2x9.4x0.4x
Mon, 27 Nov 2023HK$3.3tHK$7.4tHK$352.4b8.3x9.2x0.4x
Wed, 25 Oct 2023HK$3.1tHK$7.2tHK$350.7b7.8x8.8x0.4x
Fri, 22 Sep 2023HK$3.3tHK$7.2tHK$350.7b8.2x9.4x0.5x
Sun, 20 Aug 2023HK$3.4tHK$7.1tHK$370.3b8.8x9.2x0.5x
Tue, 18 Jul 2023HK$3.6tHK$7.2tHK$414.7b9x8.7x0.5x
Thu, 15 Jun 2023HK$3.6tHK$7.2tHK$414.4b9.4x8.7x0.5x
Price to Earnings Ratio

8.7x


Total Market Cap: HK$3.6tTotal Earnings: HK$414.4bTotal Revenue: HK$7.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Hong Kong Industrials Sector Price to Earnings3Y Average 11.2x202420252026
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 16.0x which is higher than its 3-year average PE of 11.2x.
  • 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 8.1% per year over the last three years.
  • Meanwhile revenues for these companies have grown 3.1% 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-0.88%
Industrials-0.93%
Professional Services18.18%
Marine and Shipping4.41%
Industrials0.53%
Transportation-0.16%
Infrastructure-0.17%
Construction-0.32%
Logistics-0.54%
Machinery-1.44%
Aerospace & Defense-1.65%
Trade Distributors-2.75%
Commercial Services-3.23%
Building-3.31%
Electrical-5.71%
Airlines-6.02%
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 18.2%, 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 44% 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 13% 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$13.735.9%
+HK$22.4b		30.5%PE5.9x
3808 Sinotruk (Hong Kong)HK$42.6613.2%
+HK$13.7b		112.8%PE14.5x
9880 Ubtech RoboticsHK$117.7010.1%
+HK$5.4b		41.7%PS25.5x
669 Techtronic IndustriesHK$117.502.4%
+HK$5.1b		27.9%PE22.9x
679 Asia Tele-Net and TechnologyHK$17.5538.2%
+HK$1.8b		1,807.6%PS13.6x

Latest News

232
HK$0.39
Continental Aerospace Technologies Holding
7D
71.1%
1Y
208.0%
669
HK$117.50
Techtronic Industries
7D
2.4%
1Y
27.9%
Narrative Update • Jun 07

669: Cautious Report Will Contrast With Sustained Dividend Support For Confidence

Analysts have slightly trimmed their fair value estimate for Techtronic Industries to about HK$137.50, reflecting modest adjustments to assumed revenue growth, discount rate, profit margin, and future P/E expectations. What's in the News Jehoshaphat Research published a cautious report on Techtronic Industries, which may influence how some investors think about the company.
267
HK$13.73
CITIC
7D
5.9%
1Y
30.5%
Narrative Update • Jun 07

267: Dividend Stability And Unchanged Earnings Assumptions Will Guide Future Repricing

Analysts have kept their HK$13.90 price target for CITIC unchanged, citing stable assumptions for the discount rate, revenue growth, profit margin, and forward P/E. What's in the News CITIC has recommended a 2025 Final Dividend of RMB0.385 per share, compared with RMB0.36 per share for 2024, subject to shareholder approval at the 2026 AGM.
6656
HK$392.20
Sigenergy Technology
7D
-17.8%
1Y
n/a
7618
HK$13.36
JINGDONG Industrials
7D
-11.1%
1Y
n/a
1
HK$67.65
CK Hutchison Holdings
7D
-2.4%
1Y
46.7%
Narrative Update • Jun 06

1: Watsons Dual Listing Plans Will Drive Future Upside Potential

Analysts have lifted their HK$ fair value estimate for CK Hutchison Holdings from HK$70.33 to HK$81.59, citing slightly lower revenue growth assumptions, a modestly higher profit margin, a reduced discount rate and a higher future P/E multiple as key drivers behind the new price target. What's in the News Watsons Group, a subsidiary of CK Hutchison Holdings, is reportedly preparing a dual listing in Hong Kong and London by year end, targeting around US$2b in IPO proceeds, with Goldman Sachs, UBS Group and Latham & Watkins engaged on IPO matters, according to recent reports.
3808
HK$42.66
Sinotruk (Hong Kong)
7D
13.2%
1Y
112.8%
1072
HK$29.12
Dongfang Electric
7D
-13.0%
1Y
121.6%
66
HK$31.64
MTR
7D
0.6%
1Y
14.6%
Narrative Update • Jun 04

66: Higher Future P/E Expectations Will Support Repriced Earnings Multiple

Analysts now set their price target for MTR at roughly HK$39, compared with about HK$37 previously. This reflects refreshed assumptions around fair value, discount rate, revenue growth, profit margin and future P/E expectations.
144
HK$14.16
China Merchants Port Holdings
7D
-10.5%
1Y
-1.0%
2670
HK$316.80
Beijing Yunji Technology
7D
8.1%
1Y
n/a
2338
HK$37.30
Weichai Power
7D
-7.1%
1Y
133.7%
753
HK$4.28
Air China
7D
-10.8%
1Y
-26.0%
679
HK$17.55
Asia Tele-Net and Technology
7D
38.2%
1Y
1,807.6%
1133
HK$17.59
Harbin Electric
7D
-12.7%
1Y
210.8%
9880
HK$117.70
Ubtech Robotics
7D
10.1%
1Y
41.7%