Narrative Update • Aug 22
Have your own idea? Try our Stock Screener
Hong Kong (HSI) Industrials Sector Analysis
UpdatedAug 23, 2026
DataAggregated Company Financials
Companies485
- 7D3.0%
- 3M-6.1%
- 1Y7.0%
- YTD2.4%
In the last week, the Industrials industry is up 3.0%, with COSCO SHIPPING Holdings leading the way, up 16%. This takes the industry's 12 month performance to a gain of 7.0%. Earnings are forecast to grow by 11% annually.
Sector Valuation and Performance
Has the Hong Kong Industrials Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 24 Aug 2026 | HK$5.1t | HK$8.0t | HK$382.0b | 11.3x | 13.4x | 0.6x |
| Wed, 22 Jul 2026 | HK$4.8t | HK$7.9t | HK$333.5b | 11.3x | 14.5x | 0.6x |
| Fri, 19 Jun 2026 | HK$4.9t | HK$7.9t | HK$321.5b | 11.1x | 15.4x | 0.6x |
| Sun, 17 May 2026 | HK$5.3t | HK$7.9t | HK$319.9b | 12.1x | 16.7x | 0.7x |
| Tue, 14 Apr 2026 | HK$5.0t | HK$7.8t | HK$319.6b | 11.3x | 15.8x | 0.6x |
| Thu, 12 Mar 2026 | HK$5.1t | HK$7.9t | HK$364.2b | 11.4x | 14x | 0.6x |
| Sat, 07 Feb 2026 | HK$5.0t | HK$7.9t | HK$358.0b | 11.7x | 13.8x | 0.6x |
| Mon, 05 Jan 2026 | HK$4.6t | HK$7.8t | HK$355.2b | 10.9x | 13x | 0.6x |
| Wed, 03 Dec 2025 | HK$4.5t | HK$7.7t | HK$351.1b | 11x | 12.9x | 0.6x |
| Fri, 31 Oct 2025 | HK$4.5t | HK$7.6t | HK$355.4b | 11x | 12.6x | 0.6x |
| Sun, 28 Sep 2025 | HK$4.3t | HK$7.6t | HK$354.9b | 10.4x | 12.2x | 0.6x |
| Tue, 26 Aug 2025 | HK$4.6t | HK$7.8t | HK$356.8b | 11.2x | 12.9x | 0.6x |
| Thu, 24 Jul 2025 | HK$4.5t | HK$7.8t | HK$366.6b | 10.6x | 12.3x | 0.6x |
| Sat, 21 Jun 2025 | HK$4.2t | HK$7.8t | HK$365.9b | 10.1x | 11.4x | 0.5x |
| Mon, 19 May 2025 | HK$4.1t | HK$7.8t | HK$362.9b | 10.1x | 11.3x | 0.5x |
| Wed, 16 Apr 2025 | HK$3.8t | HK$7.6t | HK$355.2b | 9.2x | 10.6x | 0.5x |
| Fri, 14 Mar 2025 | HK$4.0t | HK$7.6t | HK$387.5b | 9.2x | 10.3x | 0.5x |
| Sun, 09 Feb 2025 | HK$3.8t | HK$7.6t | HK$372.7b | 8.6x | 10.3x | 0.5x |
| Tue, 07 Jan 2025 | HK$3.8t | HK$7.5t | HK$371.0b | 8.8x | 10.3x | 0.5x |
| Thu, 05 Dec 2024 | HK$3.9t | HK$7.6t | HK$373.8b | 8.4x | 10.5x | 0.5x |
| Sat, 02 Nov 2024 | HK$4.0t | HK$7.7t | HK$377.3b | 8.6x | 10.5x | 0.5x |
| Mon, 30 Sep 2024 | HK$3.9t | HK$7.8t | HK$361.9b | 8.5x | 10.8x | 0.5x |
| Wed, 28 Aug 2024 | HK$3.6t | HK$7.7t | HK$374.1b | 8.2x | 9.7x | 0.5x |
| Fri, 26 Jul 2024 | HK$3.5t | HK$7.5t | HK$328.3b | 8.2x | 10.5x | 0.5x |
| Sun, 23 Jun 2024 | HK$3.7t | HK$7.4t | HK$327.8b | 8.8x | 11.2x | 0.5x |
| Tue, 21 May 2024 | HK$3.9t | HK$7.4t | HK$330.1b | 8.7x | 11.7x | 0.5x |
| Thu, 18 Apr 2024 | HK$3.5t | HK$7.4t | HK$328.4b | 8.1x | 10.6x | 0.5x |
| Sat, 16 Mar 2024 | HK$3.5t | HK$7.3t | HK$355.7b | 7.6x | 9.8x | 0.5x |
| Mon, 12 Feb 2024 | HK$3.3t | HK$7.3t | HK$352.8b | 7.6x | 9.2x | 0.4x |
| Wed, 10 Jan 2024 | HK$3.3t | HK$7.4t | HK$354.2b | 8.2x | 9.3x | 0.4x |
| Fri, 08 Dec 2023 | HK$3.2t | HK$7.4t | HK$355.3b | 8.1x | 8.9x | 0.4x |
| Sun, 05 Nov 2023 | HK$3.2t | HK$7.2t | HK$350.1b | 8x | 9.1x | 0.4x |
| Tue, 03 Oct 2023 | HK$3.3t | HK$7.2t | HK$352.0b | 8.1x | 9.4x | 0.5x |
| Thu, 31 Aug 2023 | HK$3.4t | HK$7.1t | HK$350.9b | 8.6x | 9.7x | 0.5x |
Price to Earnings Ratio
9.7x
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 13.4x which is higher than its 3-year average PE of 11.6x.
- 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 remained mostly flat over the last three years.
- Meanwhile revenues for these companies have grown 3.9% 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 and as a result, profits have held steady.
Industry Trends
Which industries have driven the changes within the Hong Kong Industrials sector?
| HK Market | 3.64% | |
| Industrials | 3.03% | |
| Marine and Shipping | 17.29% | |
| Industrials | 5.48% | |
| Building | 3.01% | |
| Construction | 2.98% | |
| Infrastructure | 2.37% | |
| Logistics | 1.88% | |
| Transportation | 1.81% | |
| Commercial Services | 1.27% | |
| Aerospace & Defense | 1.05% | |
| Trade Distributors | -0.039% | |
| Electrical | -0.53% | |
| Machinery | -1.50% | |
| Professional Services | -1.52% | |
| Airlines | -1.74% | |
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 22.1%, which is lower than the prior year's growth of 34.5% per year.
Forecasted Growth
- Analysts are most optimistic on the Airlines industry, expecting annual earnings growth of 39% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- In contrast, the Transportation industry is expected to see its earnings decline by 22% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 1919 COSCO SHIPPING Holdings | HK$17.95 | 15.9% +HK$37.1b | 23.7% | PE9.3x | |
| 267 CITIC | HK$13.19 | 10.5% +HK$36.4b | 13.9% | PE5.6x | |
| 1308 SITC International Holdings | HK$49.06 | 20.3% +HK$22.5b | 61.8% | PE13.4x | |
| 316 Orient Overseas (International) | HK$176.70 | 19.3% +HK$18.9b | 19.9% | PE9.8x | |
| 2442 Easy Smart Group Holdings | HK$93.00 | 35.8% +HK$10.0b | 3,294.2% | PS140.5x |