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Hong Kong (HSI) Industrials Sector Analysis

UpdatedDec 16, 2025
DataAggregated Company Financials
Companies479
  • 7D-1.2%
  • 3M2.0%
  • 1Y21.4%
  • YTD22.3%

Over the last 7 days, the Industrials industry has dropped 1.2%, driven by Metallurgical Corporation of China declining 22%. On the other hand Dongfang Electric is actually up 15%. In the past year, the industry has gained 21%. As for the next few years, earnings are expected to grow by 15% per annum.

Sector Valuation and Performance

Has the Hong Kong Industrials Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 16 Dec 2025HK$4.5tHK$7.7tHK$352.9b11.2x12.8x0.6x
Thu, 13 Nov 2025HK$4.6tHK$7.6tHK$348.7b11.3x13.2x0.6x
Sat, 11 Oct 2025HK$4.4tHK$7.6tHK$355.4b11.3x12.5x0.6x
Mon, 08 Sep 2025HK$4.4tHK$7.8tHK$354.5b10.6x12.5x0.6x
Wed, 06 Aug 2025HK$4.5tHK$7.8tHK$365.0b10.7x12.2x0.6x
Fri, 04 Jul 2025HK$4.3tHK$7.8tHK$366.7b9.8x11.6x0.5x
Sun, 01 Jun 2025HK$4.1tHK$7.8tHK$364.3b10.1x11.3x0.5x
Tue, 29 Apr 2025HK$3.8tHK$7.7tHK$356.1b9.5x10.8x0.5x
Thu, 27 Mar 2025HK$4.0tHK$7.7tHK$367.7b9.4x10.9x0.5x
Sat, 22 Feb 2025HK$3.9tHK$7.6tHK$373.0b9x10.5x0.5x
Mon, 20 Jan 2025HK$3.8tHK$7.6tHK$371.4b8.7x10.3x0.5x
Wed, 18 Dec 2024HK$3.9tHK$7.6tHK$372.7b8.7x10.5x0.5x
Fri, 15 Nov 2024HK$3.9tHK$7.6tHK$373.5b8.7x10.4x0.5x
Sun, 13 Oct 2024HK$4.0tHK$7.7tHK$360.3b9x11x0.5x
Tue, 10 Sep 2024HK$3.4tHK$7.7tHK$359.4b7.9x9.6x0.4x
Thu, 08 Aug 2024HK$3.6tHK$7.6tHK$361.3b8.1x9.9x0.5x
Sat, 06 Jul 2024HK$3.6tHK$7.4tHK$326.5b8.7x11x0.5x
Mon, 03 Jun 2024HK$3.8tHK$7.5tHK$330.7b8.7x11.4x0.5x
Wed, 01 May 2024HK$3.5tHK$7.4tHK$332.7b8.3x10.6x0.5x
Fri, 29 Mar 2024HK$3.5tHK$7.4tHK$327.0b7.7x10.8x0.5x
Sun, 25 Feb 2024HK$3.4tHK$7.3tHK$352.5b7.8x9.7x0.5x
Tue, 23 Jan 2024HK$3.1tHK$7.4tHK$352.6b7.7x8.7x0.4x
Thu, 21 Dec 2023HK$3.3tHK$7.4tHK$354.6b8x9.2x0.4x
Sat, 18 Nov 2023HK$3.2tHK$7.3tHK$350.2b7.9x9.2x0.4x
Mon, 16 Oct 2023HK$3.2tHK$7.2tHK$350.8b8.1x9.2x0.4x
Wed, 13 Sep 2023HK$3.3tHK$7.2tHK$351.3b8.3x9.5x0.5x
Fri, 11 Aug 2023HK$3.6tHK$7.2tHK$410.2b9x8.8x0.5x
Sun, 09 Jul 2023HK$3.5tHK$7.2tHK$413.8b9x8.6x0.5x
Tue, 06 Jun 2023HK$3.6tHK$7.3tHK$415.4b9.3x8.6x0.5x
Thu, 04 May 2023HK$3.8tHK$7.4tHK$420.2b9.5x9.1x0.5x
Sat, 01 Apr 2023HK$3.8tHK$7.4tHK$449.3b9.3x8.3x0.5x
Mon, 27 Feb 2023HK$3.7tHK$7.3tHK$466.0b8.7x7.9x0.5x
Wed, 25 Jan 2023HK$3.9tHK$7.4tHK$473.0b8.9x8.2x0.5x
Fri, 23 Dec 2022HK$3.6tHK$7.2tHK$462.8b8.7x7.7x0.5x
Price to Earnings Ratio

7.7x


Total Market Cap: HK$3.6tTotal Earnings: HK$462.8bTotal Revenue: HK$7.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Hong Kong Industrials Sector Price to Earnings3Y Average 10.2x202320242025
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 12.9x which is higher than its 3-year average PE of 10.2x.
  • The industry is trading close to its 3-year average PS ratio of 0.50x.
Past Earnings Growth
  • The earnings for companies in the Industrials industry have declined 8.7% per year over the last three years.
  • Meanwhile revenues for these companies have grown 2.6% 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-1.59%
Industrials-1.20%
Electrical2.26%
Transportation0.34%
Logistics0.23%
Commercial Services-0.019%
Trade Distributors-0.59%
Industrials-0.82%
Airlines-1.04%
Machinery-1.10%
Aerospace & Defense-1.20%
Professional Services-1.25%
Infrastructure-1.89%
Marine and Shipping-2.58%
Construction-3.72%
Building-6.00%
Industry PE
  • Investors are most optimistic about the Airlines industry even though it's trading below its 3-year average PE ratio of 24.7x.
    • Analysts are expecting annual earnings growth of 61.7%, which is higher than its past year's earnings growth of 16.6% per year.
Forecasted Growth
  • Analysts are most optimistic on the Professional Services industry, expecting annual earnings growth of 65% over the next 5 years.
  • This is better than its past earnings growth rate of 7.0% per year.
  • In contrast, the Marine and Shipping industry is expected to see its earnings decline by 28% 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
1072 Dongfang ElectricHK$22.747.7%
+HK$5.6b		144.8%PE21.8x
1133 Harbin ElectricHK$15.188.7%
+HK$2.7b		517.1%PE13.9x
2418 Deewin TianxiaHK$9.6514.3%
+HK$2.6b		665.9%PE146.2x
753 Air ChinaHK$6.472.2%
+HK$2.4b		27.6%PE377.4x
38 First TractorHK$9.1627.2%
+HK$2.2b		19.6%PE11.4x

Latest News

1072
HK$22.74
Dongfang Electric
7D
7.7%
1Y
144.8%
38
HK$9.16
First Tractor
7D
27.2%
1Y
19.6%
2338
HK$19.56
Weichai Power
7D
0.9%
1Y
79.4%

Should You Investigate Weichai Power Co., Ltd. (HKG:2338) At HK$19.83?

Dec 11
Should You Investigate Weichai Power Co., Ltd. (HKG:2338) At HK$19.83?
1919
HK$13.38
COSCO SHIPPING Holdings
7D
-3.5%
1Y
7.0%

Investors Will Want COSCO SHIPPING Holdings' (HKG:1919) Growth In ROCE To Persist

Dec 11
Investors Will Want COSCO SHIPPING Holdings' (HKG:1919) Growth In ROCE To Persist
267
HK$12.00
CITIC
7D
-0.7%
1Y
37.5%

267: Interim Dividend Will Drive Shares Higher As Earnings Multiple Expands

Analysts have modestly adjusted their price target on CITIC upward, citing stable fair value at about $13.77 per share, along with slightly improved expectations for future earnings multiples, despite largely unchanged growth and margin assumptions. Valuation Changes Fair Value Estimate: Remains effectively unchanged at approximately HK$13.77 per share, indicating stable intrinsic value assumptions.
1
HK$53.60
CK Hutchison Holdings
7D
-1.6%
1Y
29.8%

1: AS Watson IPO Plans Will Shape A Balanced Risk Reward Outlook

Analysts have nudged their price target for CK Hutchison Holdings slightly higher to approximately $62.01 from about $61.73, citing a modestly lower discount rate and stable expectations for revenue growth, profit margins, and future earnings multiples. What's in the News CK Hutchison is exploring an initial public offering of its AS Watson Group health and beauty retail arm, with talks under way with financial advisers on the timing and structure of a potential deal (Key Developments).
1308
HK$26.86
SITC International Holdings
7D
-3.7%
1Y
36.6%

What Does SITC International Holdings Company Limited's (HKG:1308) Share Price Indicate?

Nov 27
What Does SITC International Holdings Company Limited's (HKG:1308) Share Price Indicate?
1133
HK$15.18
Harbin Electric
7D
8.7%
1Y
517.1%
316
HK$122.40
Orient Overseas (International)
7D
-8.2%
1Y
20.1%

When Should You Buy Orient Overseas (International) Limited (HKG:316)?

Nov 20
When Should You Buy Orient Overseas (International) Limited (HKG:316)?
1800
HK$5.08
China Communications Construction
7D
1.8%
1Y
-1.2%

China Communications Construction (HKG:1800) Will Pay A Smaller Dividend Than Last Year

Nov 17
China Communications Construction (HKG:1800) Will Pay A Smaller Dividend Than Last Year
2418
HK$9.65
Deewin Tianxia
7D
14.3%
1Y
665.9%

Deewin Tianxia Co., Ltd's (HKG:2418) 27% Share Price Surge Not Quite Adding Up

Nov 14
Deewin Tianxia Co., Ltd's (HKG:2418) 27% Share Price Surge Not Quite Adding Up
666
HK$12.41
REPT BATTERO Energy
7D
-7.7%
1Y
-4.8%
3808
HK$29.22
Sinotruk (Hong Kong)
7D
2.2%
1Y
37.5%

Sinotruk (Hong Kong) Limited's (HKG:3808) 28% Price Boost Is Out Of Tune With Earnings

Nov 06
Sinotruk (Hong Kong) Limited's (HKG:3808) 28% Price Boost Is Out Of Tune With Earnings
753
HK$6.47
Air China
7D
2.2%
1Y
27.6%
2590
HK$21.88
Beijing Geekplus Technology
7D
-9.4%
1Y
n/a
2643
HK$32.80
CaoCao
7D
-35.6%
1Y
n/a