Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Hong Kong (HSI) Industrials Sector Analysis

UpdatedAug 01, 2026
DataAggregated Company Financials
Companies485
  • 7D1.5%
  • 3M-7.3%
  • 1Y9.0%
  • YTD-0.5%

Over the last 7 days, the Industrials industry has risen 1.5%, driven by gains from CITIC of 3.1%. Meanwhile, Realord Technology actually underperformed within the industry, shrinking 33% in the last week. This takes the industry's 12 month performance to a gain of 9.0%. 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, 02 Aug 2026HK$5.0tHK$7.9tHK$334.7b11.4x14.9x0.6x
Tue, 30 Jun 2026HK$4.7tHK$7.9tHK$333.4b10.7x14.2x0.6x
Thu, 28 May 2026HK$5.3tHK$7.9tHK$320.4b11.7x16.4x0.7x
Sat, 25 Apr 2026HK$5.2tHK$7.9tHK$321.7b11.7x16.3x0.7x
Mon, 23 Mar 2026HK$4.9tHK$7.9tHK$347.6b11.4x14x0.6x
Wed, 18 Feb 2026HK$5.1tHK$7.9tHK$358.4b11.7x14.2x0.6x
Fri, 16 Jan 2026HK$4.7tHK$7.8tHK$356.5b11.5x13.2x0.6x
Sun, 14 Dec 2025HK$4.6tHK$7.7tHK$352.6b11.4x12.9x0.6x
Tue, 11 Nov 2025HK$4.6tHK$7.6tHK$348.7b11.2x13.2x0.6x
Thu, 09 Oct 2025HK$4.4tHK$7.6tHK$355.4b11.4x12.3x0.6x
Sat, 06 Sep 2025HK$4.4tHK$7.8tHK$354.5b10.6x12.5x0.6x
Mon, 04 Aug 2025HK$4.4tHK$7.8tHK$363.4b10.6x12.2x0.6x
Wed, 02 Jul 2025HK$4.2tHK$7.8tHK$366.6b9.8x11.5x0.5x
Fri, 30 May 2025HK$4.2tHK$7.8tHK$364.5b10.2x11.4x0.5x
Sun, 27 Apr 2025HK$3.8tHK$7.7tHK$356.4b9.4x10.7x0.5x
Tue, 25 Mar 2025HK$4.0tHK$7.7tHK$368.5b9.3x10.9x0.5x
Thu, 20 Feb 2025HK$3.9tHK$7.6tHK$372.5b9x10.5x0.5x
Sat, 18 Jan 2025HK$3.8tHK$7.6tHK$371.3b8.7x10.3x0.5x
Mon, 16 Dec 2024HK$4.0tHK$7.6tHK$373.3b8.7x10.6x0.5x
Wed, 13 Nov 2024HK$4.0tHK$7.6tHK$373.7b8.6x10.6x0.5x
Fri, 11 Oct 2024HK$4.0tHK$7.7tHK$360.0b9x11.1x0.5x
Sun, 08 Sep 2024HK$3.5tHK$7.7tHK$360.9b8.2x9.7x0.5x
Tue, 06 Aug 2024HK$3.6tHK$7.6tHK$360.3b8x9.9x0.5x
Thu, 04 Jul 2024HK$3.6tHK$7.4tHK$326.3b8.9x11.2x0.5x
Sat, 01 Jun 2024HK$3.7tHK$7.5tHK$330.7b8.7x11.3x0.5x
Mon, 29 Apr 2024HK$3.5tHK$7.4tHK$329.4b8.2x10.8x0.5x
Wed, 27 Mar 2024HK$3.5tHK$7.4tHK$322.5b7.8x11x0.5x
Fri, 23 Feb 2024HK$3.4tHK$7.3tHK$351.9b7.9x9.7x0.5x
Sun, 21 Jan 2024HK$3.2tHK$7.4tHK$354.2b7.8x9x0.4x
Tue, 19 Dec 2023HK$3.3tHK$7.4tHK$354.4b8.1x9.3x0.4x
Thu, 16 Nov 2023HK$3.3tHK$7.3tHK$349.8b8x9.3x0.4x
Sat, 14 Oct 2023HK$3.2tHK$7.2tHK$350.8b8.1x9.2x0.4x
Mon, 11 Sep 2023HK$3.3tHK$7.2tHK$350.3b8.3x9.5x0.5x
Wed, 09 Aug 2023HK$3.6tHK$7.2tHK$401.3b9x9x0.5x
Price to Earnings Ratio

9x


Total Market Cap: HK$3.6tTotal Earnings: HK$401.3bTotal 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 14.9x 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 5.9% per year over the last three years.
  • Meanwhile revenues for these companies have grown 3.4% 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 Market2.63%
Industrials1.51%
Aerospace & Defense5.46%
Logistics5.34%
Airlines4.51%
Building4.07%
Industrials3.25%
Transportation2.64%
Marine and Shipping1.94%
Infrastructure1.88%
Commercial Services1.85%
Construction0.40%
Machinery0.11%
Electrical-1.20%
Trade Distributors-1.45%
Professional Services-10.82%
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 20.3%, 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$12.373.1%
+HK$10.8b		6.6%PE5.3x
669 Techtronic IndustriesHK$132.003.0%
+HK$7.1b		39.4%PE25.7x
19 Swire PacificHK$99.505.5%
+HK$6.9b		41.9%PE45.7x
2618 JD LogisticsHK$15.027.4%
+HK$6.8b		9.3%PE12.1x
1 CK Hutchison HoldingsHK$73.602.2%
+HK$6.1b		45.7%PE23.8x

Latest News

2618
HK$15.02
JD Logistics
7D
7.4%
1Y
9.3%
1
HK$73.60
CK Hutchison Holdings
7D
2.2%
1Y
45.7%
Narrative Update • Jul 30

1: Disposal Gains And Port Expansion Will Drive Future Upside Potential

Analysts have raised their price target on CK Hutchison Holdings to HK$102.00 from HK$99.86, reflecting refreshed assumptions around discount rates, projected revenue growth and future P/E levels, along with a slightly lower profit margin outlook. What’s in the News for CK Hutchison Holdings Italy’s data protection authority fined WINDTRE €1.7 million for serious shortcomings in data security systems that resulted in two unauthorized breaches affecting personal information for more than 365,000 customers.
1651
HK$52.00
Precision Tsugami (China)
7D
-8.4%
1Y
133.2%
656
HK$4.76
Fosun International
7D
13.1%
1Y
-10.7%
1196
HK$7.02
Realord Technology
7D
-33.0%
1Y
-17.2%
1729
HK$13.19
Time Interconnect Technology
7D
-13.9%
1Y
39.6%
3808
HK$40.64
Sinotruk (Hong Kong)
7D
-1.7%
1Y
71.5%
19
HK$99.50
Swire Pacific
7D
5.5%
1Y
41.9%
Narrative Update • Jul 23

19: Lower Growth Assumptions Will Likely Pressure Future Earnings Multiple

Analysts have raised their fair value estimate for Swire Pacific from HK$67.00 to HK$82.00, citing updated assumptions for discount rate, revenue growth, profit margin, and future P/E as the key drivers of the higher target. What's in the News Swire Pacific has scheduled a board meeting for 6 August 2026 to consider and approve the announcement of interim results for the six months ending 30 June 2026, and to consider the payment of first interim dividends for 2026.
66
HK$33.12
MTR
7D
2.8%
1Y
17.4%
669
HK$132.00
Techtronic Industries
7D
3.0%
1Y
39.4%
Narrative Update • Jul 22

669: Share Repurchases And Dividend Policy Will Drive Higher Future Price

Analysts have nudged their HK$ fair value estimate for Techtronic Industries higher, from about HK$169.38 to around HK$173.69, reflecting updated assumptions for slightly stronger revenue growth, profit margins and future P/E multiples. What's in the News for Techtronic Industries Techtronic Industries scheduled a board meeting for August 4, 2026, to consider and approve the interim results for the six months ended June 30, 2026, and to consider the payment of an interim dividend.
753
HK$4.27
Air China
7D
4.9%
1Y
-17.7%
267
HK$12.37
CITIC
7D
3.1%
1Y
6.6%
2338
HK$32.94
Weichai Power
7D
-1.6%
1Y
100.6%
9900
HK$5.10
Hong Kong Zcloud Technology Construction
7D
-15.0%
1Y
196.5%
2225
HK$3.64
Jinhai Medical Technology
7D
-14.6%
1Y
134.8%
2442
HK$59.10
Easy Smart Group Holdings
7D
-12.4%
1Y
2,978.1%