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

Hong Kong (HSI) Industrials Sector Analysis

UpdatedApr 08, 2026
DataAggregated Company Financials
Companies482
  • 7D2.4%
  • 3M3.7%
  • 1Y42.2%
  • YTD4.5%

In the last week, the Industrials industry is up 2.4%, with Dongfang Electric leading the way with a 3.9% gain. This takes the industry's 12 month performance to a gain of 42%. 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
Wed, 08 Apr 2026HK$4.9tHK$7.8tHK$318.3b11.2x15.3x0.6x
Fri, 06 Mar 2026HK$5.1tHK$7.9tHK$362.5b11.5x14x0.6x
Sun, 01 Feb 2026HK$4.9tHK$7.9tHK$357.5b11.8x13.7x0.6x
Tue, 30 Dec 2025HK$4.5tHK$7.8tHK$354.1b11x12.8x0.6x
Thu, 27 Nov 2025HK$4.5tHK$7.7tHK$349.8b11.1x12.7x0.6x
Sat, 25 Oct 2025HK$4.4tHK$7.6tHK$355.3b11.1x12.5x0.6x
Mon, 22 Sep 2025HK$4.5tHK$7.8tHK$354.1b10.8x12.8x0.6x
Wed, 20 Aug 2025HK$4.6tHK$7.8tHK$356.4b11.1x12.8x0.6x
Fri, 18 Jul 2025HK$4.3tHK$7.8tHK$366.0b10.1x11.8x0.6x
Sun, 15 Jun 2025HK$4.2tHK$7.8tHK$365.2b10x11.6x0.5x
Tue, 13 May 2025HK$4.0tHK$7.7tHK$361.8b9.9x11.2x0.5x
Thu, 10 Apr 2025HK$3.6tHK$7.6tHK$354.1b8.9x10.3x0.5x
Sat, 08 Mar 2025HK$4.0tHK$7.6tHK$383.1b9.1x10.5x0.5x
Mon, 03 Feb 2025HK$3.8tHK$7.6tHK$374.0b8.8x10.3x0.5x
Wed, 01 Jan 2025HK$4.0tHK$7.6tHK$371.9b8.8x10.7x0.5x
Fri, 29 Nov 2024HK$3.9tHK$7.6tHK$375.1b8.2x10.3x0.5x
Sun, 27 Oct 2024HK$4.0tHK$7.7tHK$358.8b8.7x11x0.5x
Tue, 24 Sep 2024HK$3.6tHK$7.8tHK$360.9b8.1x9.9x0.5x
Thu, 22 Aug 2024HK$3.6tHK$7.7tHK$371.0b8.1x9.8x0.5x
Sat, 20 Jul 2024HK$3.5tHK$7.4tHK$327.1b8.4x10.7x0.5x
Mon, 17 Jun 2024HK$3.7tHK$7.4tHK$328.1b8.8x11.2x0.5x
Wed, 15 May 2024HK$3.8tHK$7.4tHK$330.9b8.6x11.5x0.5x
Fri, 12 Apr 2024HK$3.5tHK$7.4tHK$329.5b8.1x10.7x0.5x
Sun, 10 Mar 2024HK$3.4tHK$7.3tHK$347.4b7.9x9.9x0.5x
Tue, 06 Feb 2024HK$3.2tHK$7.3tHK$354.0b7.6x8.9x0.4x
Thu, 04 Jan 2024HK$3.4tHK$7.4tHK$353.6b8.3x9.5x0.5x
Sat, 02 Dec 2023HK$3.2tHK$7.4tHK$355.6b8.2x9x0.4x
Mon, 30 Oct 2023HK$3.2tHK$7.3tHK$375.4b7.9x8.5x0.4x
Wed, 27 Sep 2023HK$3.3tHK$7.2tHK$351.0b8.2x9.3x0.5x
Fri, 25 Aug 2023HK$3.4tHK$7.2tHK$370.3b8.8x9.1x0.5x
Sun, 23 Jul 2023HK$3.6tHK$7.2tHK$414.6b8.8x8.7x0.5x
Tue, 20 Jun 2023HK$3.7tHK$7.2tHK$413.8b9.5x8.9x0.5x
Thu, 18 May 2023HK$3.8tHK$7.3tHK$417.9b9.3x9x0.5x
Sat, 15 Apr 2023HK$3.9tHK$7.4tHK$432.4b9.9x8.9x0.5x
Price to Earnings Ratio

8.9x


Total Market Cap: HK$3.9tTotal Earnings: HK$432.4bTotal Revenue: HK$7.4tTotal Market Cap vs Earnings and Revenue0%0%0%
Hong Kong Industrials Sector Price to Earnings3Y Average 10.8x202420252026
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 15.3x which is higher than its 3-year average PE of 10.8x.
  • 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 9.7% per year over the last three years.
  • Meanwhile revenues have remained mostly flat.
  • This means that although sales have remained flat, 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 Market1.65%
Industrials2.38%
Machinery5.42%
Aerospace & Defense4.07%
Airlines3.79%
Logistics2.93%
Electrical2.47%
Infrastructure1.76%
Transportation1.65%
Industrials1.45%
Construction1.14%
Marine and Shipping1.12%
Professional Services0.80%
Trade Distributors0.49%
Building0.23%
Commercial Services-0.43%
Industry PE
  • Investors are most optimistic about the Airlines industry even though it's trading below its 3-year average PE ratio of 27.6x.
    • Analysts are expecting annual earnings growth of 40.1%, which is higher than its past year's earnings growth of 12.7% per year.
Forecasted Growth
  • Analysts are most optimistic on the Airlines industry, expecting annual earnings growth of 40% 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 20% 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$12.253.0%
+HK$10.5b		46.4%PE5.3x
669 Techtronic IndustriesHK$112.204.3%
+HK$8.4b		53.7%PE21.9x
1072 Dongfang ElectricHK$39.086.5%
+HK$8.3b		318.0%PE30.8x
1 CK Hutchison HoldingsHK$63.103.5%
+HK$8.2b		63.5%PE20.4x
2338 Weichai PowerHK$29.942.7%
+HK$6.7b		100.1%PE20.6x

Latest News

1645
HK$3.10
Haina Intelligent Equipment International Holdings
7D
-24.8%
1Y
181.8%
1519
HK$10.65
J&T Global Express
7D
5.4%
1Y
114.3%

J&T Global Express' (HKG:1519) Earnings May Just Be The Starting Point

Apr 07
J&T Global Express' (HKG:1519) Earnings May Just Be The Starting Point
66
HK$33.40
MTR
7D
2.4%
1Y
38.6%

66: Housing Recovery Preference Will Support Higher Margins And Repriced Earnings Multiple

Analysts have modestly lifted their price target on MTR to HK$36.10 from HK$31.30. They cited a shift in preference toward other Buy rated developers for Hong Kong housing recovery exposure, while still reflecting slightly adjusted assumptions around discount rate, revenue growth, profit margin and future P/E.
656
HK$4.18
Fosun International
7D
-2.3%
1Y
5.0%

656: Share Repurchases And Asset Reset Are Expected To Support Stronger Performance

Analysts have trimmed their price target for Fosun International to HK$5.13 from HK$5.16. This reflects revised assumptions around revenue growth, profit margins and future P/E expectations.
19
HK$85.85
Swire Pacific
7D
-1.4%
1Y
40.9%

19: Fair Outlook Will Hinge On 2026 Dividend Delivery And Earnings Resilience

Analysts have raised their HK$ fair value estimate for Swire Pacific from HK$88.11 to HK$89.74, reflecting updated assumptions around discount rates, revenue growth, profit margins and future P/E levels in their models. What's in the News Directors declared a second interim dividend of HK$2.50 per A share and HK$0.50 per B share, with payment scheduled for 8 May 2026 to shareholders on the register as of 10 April 2026 (Key Developments).
3996
HK$1.33
China Energy Engineering
7D
3.1%
1Y
34.3%
2670
HK$232.60
Beijing Yunji Technology
7D
-2.2%
1Y
n/a
2295
HK$2.00
Maxicity Holdings
7D
-33.3%
1Y
-39.4%
1072
HK$39.08
Dongfang Electric
7D
6.5%
1Y
318.0%
2338
HK$29.94
Weichai Power
7D
2.7%
1Y
100.1%
669
HK$112.20
Techtronic Industries
7D
4.3%
1Y
53.7%
267
HK$12.25
CITIC
7D
3.0%
1Y
46.4%
1
HK$63.10
CK Hutchison Holdings
7D
3.5%
1Y
63.5%

1: Telecom Asset Sales And IPO Plans Will Drive Future Upside Potential

Analysts have slightly increased their fair value estimate for CK Hutchison Holdings from HK$69.33 to HK$69.95, reflecting updated assumptions around revenue growth, profit margins and forward P/E expectations. What's in the News Proposed final cash dividend of HK$1.602 per share for the year ended 31 December 2025, subject to shareholder approval on 21 May 2026, with record date on 28 May 2026, ex dividend date on 27 May 2026, and payment date on 11 June 2026 (company announcement).
1021
HK$17.67
Guangdong Huayan Robotics
7D
-5.4%
1Y
n/a
8137
HK$0.41
Honbridge Holdings
7D
-6.9%
1Y
-1.2%
2442
HK$36.80
Easy Smart Group Holdings
7D
-1.2%
1Y
3,100.0%