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Nov 20
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Hong Kong (HSI) Industrials Sector Analysis
UpdatedNov 21, 2024
DataAggregated Company Financials
Companies483
- 7D0.4%
- 3M8.9%
- 1Y12.3%
- YTD9.9%
Last week, the Industrials industry hasn't moved much but Cathay Pacific Airways is up 11% in that time. The past year has been better, since the industry has gained 11% in that time. 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?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 21 Nov 2024 | HK$4.0t | HK$7.6t | HK$375.7b | 8.7x | 10.6x | 0.5x |
| Sat, 19 Oct 2024 | HK$3.9t | HK$7.7t | HK$359.5b | 8.7x | 10.9x | 0.5x |
| Mon, 16 Sep 2024 | HK$3.4t | HK$7.7t | HK$359.8b | 7.9x | 9.5x | 0.4x |
| Wed, 14 Aug 2024 | HK$3.6t | HK$7.6t | HK$360.1b | 8.3x | 10x | 0.5x |
| Fri, 12 Jul 2024 | HK$3.6t | HK$7.4t | HK$327.1b | 8.6x | 10.9x | 0.5x |
| Sun, 09 Jun 2024 | HK$3.8t | HK$7.4t | HK$328.3b | 8.8x | 11.6x | 0.5x |
| Tue, 07 May 2024 | HK$3.6t | HK$7.4t | HK$331.7b | 8.3x | 11x | 0.5x |
| Thu, 04 Apr 2024 | HK$3.5t | HK$7.4t | HK$330.7b | 8x | 10.5x | 0.5x |
| Sat, 02 Mar 2024 | HK$3.4t | HK$7.3t | HK$352.1b | 8x | 9.6x | 0.5x |
| Mon, 29 Jan 2024 | HK$3.3t | HK$7.4t | HK$353.8b | 7.7x | 9.4x | 0.4x |
| Wed, 27 Dec 2023 | HK$3.3t | HK$7.4t | HK$354.9b | 8.2x | 9.2x | 0.4x |
| Fri, 24 Nov 2023 | HK$3.3t | HK$7.4t | HK$352.8b | 8.1x | 9.3x | 0.4x |
| Sun, 22 Oct 2023 | HK$3.1t | HK$7.2t | HK$350.6b | 7.7x | 8.9x | 0.4x |
| Tue, 19 Sep 2023 | HK$3.3t | HK$7.2t | HK$350.9b | 8.3x | 9.5x | 0.5x |
| Thu, 17 Aug 2023 | HK$3.5t | HK$7.2t | HK$401.2b | 8.9x | 8.6x | 0.5x |
| Sat, 15 Jul 2023 | HK$3.6t | HK$7.2t | HK$415.6b | 9x | 8.7x | 0.5x |
| Mon, 12 Jun 2023 | HK$3.6t | HK$7.2t | HK$415.2b | 9.4x | 8.7x | 0.5x |
| Wed, 10 May 2023 | HK$3.9t | HK$7.4t | HK$419.7b | 9.4x | 9.3x | 0.5x |
| Fri, 07 Apr 2023 | HK$3.8t | HK$7.4t | HK$446.5b | 9.3x | 8.5x | 0.5x |
| Sun, 05 Mar 2023 | HK$3.8t | HK$7.3t | HK$467.3b | 8.9x | 8.2x | 0.5x |
| Tue, 31 Jan 2023 | HK$3.9t | HK$7.4t | HK$474.0b | 8.8x | 8.2x | 0.5x |
| Thu, 29 Dec 2022 | HK$3.6t | HK$7.2t | HK$462.8b | 8.7x | 7.8x | 0.5x |
| Sat, 26 Nov 2022 | HK$3.4t | HK$7.1t | HK$459.7b | 8.8x | 7.5x | 0.5x |
| Mon, 24 Oct 2022 | HK$3.2t | HK$7.0t | HK$468.9b | 9x | 6.9x | 0.5x |
| Wed, 21 Sep 2022 | HK$3.6t | HK$7.1t | HK$475.9b | 9.7x | 7.6x | 0.5x |
| Fri, 19 Aug 2022 | HK$3.8t | HK$7.1t | HK$456.9b | 9.4x | 8.3x | 0.5x |
| Sun, 17 Jul 2022 | HK$3.9t | HK$7.1t | HK$448.5b | 9.7x | 8.6x | 0.5x |
| Tue, 14 Jun 2022 | HK$4.0t | HK$7.2t | HK$449.9b | 9.1x | 8.8x | 0.6x |
| Thu, 12 May 2022 | HK$3.9t | HK$7.2t | HK$440.6b | 8.6x | 8.8x | 0.5x |
| Sat, 09 Apr 2022 | HK$4.2t | HK$7.3t | HK$444.8b | 8.8x | 9.5x | 0.6x |
| Mon, 07 Mar 2022 | HK$4.5t | HK$7.1t | HK$407.7b | 8.4x | 11.1x | 0.6x |
| Wed, 02 Feb 2022 | HK$4.4t | HK$7.0t | HK$400.8b | 8.6x | 10.9x | 0.6x |
| Fri, 31 Dec 2021 | HK$4.5t | HK$7.0t | HK$402.4b | 8.6x | 11.3x | 0.6x |
| Sun, 28 Nov 2021 | HK$4.3t | HK$7.0t | HK$402.6b | 8.8x | 10.7x | 0.6x |
Price to Earnings Ratio
10.7x
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 10.5x which is higher than its 3-year average PE of 9.3x.
- 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 2.3% 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 | 0.42% | |
| Industrials | 0.40% | |
| Professional Services | 9.29% | |
| Airlines | 8.48% | |
| Infrastructure | 1.30% | |
| Commercial Services | 1.29% | |
| Marine and Shipping | 1.09% | |
| Machinery | 0.62% | |
| Construction | 0.06% | |
| Industrials | -0.057% | |
| Trade Distributors | -1.10% | |
| Transportation | -1.14% | |
| Building | -1.33% | |
| Electrical | -1.94% | |
| Aerospace & Defense | -4.25% | |
| Logistics | -4.88% | |
Industry PE
- Investors are most optimistic about the Airlines industry which is trading above its 3-year average PE ratio of 4.7x.
- Analysts are expecting annual earnings growth of 51.9%, which is lower than the prior year's growth of 319.6% per year.
Forecasted Growth
- Analysts are most optimistic on the Airlines industry, expecting annual earnings growth of 52% over the next 5 years.
- However this is lower than its past earnings growth rate of 320% per year.
- In contrast, the Commercial Services industry is expected to see its earnings decline by 18% 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 | |
|---|---|---|---|---|---|
| 267 CITIC | HK$9.01 | 3.6% +HK$9.0b | 19.5% | PE4.2x | |
| 3808 Sinotruk (Hong Kong) | HK$22.80 | 14.3% +HK$7.9b | 36.7% | PE9.4x | |
| 293 Cathay Pacific Airways | HK$9.18 | 14.2% +HK$7.3b | 12.8% | PE7x | |
| 753 Air China | HK$4.74 | 9.2% +HK$6.6b | -13.8% | PS0.4x | |
| 1919 COSCO SHIPPING Holdings | HK$11.98 | 3.6% +HK$6.5b | 63.9% | PE4.4x |
