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Hong Kong (HSI) Industrials Sector Analysis

UpdatedJun 20, 2026
DataAggregated Company Financials
Companies487
  • 7D-0.9%
  • 3M-3.0%
  • 1Y17.2%
  • YTD0.7%

The Industrials is pretty flat in the last 7 days, but Weichai Power has stood out, gaining 12%. As for the the longer term, the industry is up 17% over the past 12 months. 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
Sun, 21 Jun 2026HK$4.9tHK$7.9tHK$321.4b11.1x15.4x0.6x
Tue, 19 May 2026HK$5.3tHK$7.9tHK$320.1b12x16.5x0.7x
Thu, 16 Apr 2026HK$5.2tHK$7.9tHK$323.3b11.3x16x0.7x
Sat, 14 Mar 2026HK$5.0tHK$7.9tHK$354.5b11.5x14.1x0.6x
Mon, 09 Feb 2026HK$5.0tHK$7.9tHK$358.1b11.7x13.8x0.6x
Wed, 07 Jan 2026HK$4.6tHK$7.8tHK$355.4b11x13.1x0.6x
Fri, 05 Dec 2025HK$4.5tHK$7.7tHK$351.0b10.9x12.9x0.6x
Sun, 02 Nov 2025HK$4.4tHK$7.6tHK$340.9b11x13x0.6x
Tue, 30 Sep 2025HK$4.4tHK$7.6tHK$355.2b10.7x12.3x0.6x
Thu, 28 Aug 2025HK$4.5tHK$7.8tHK$354.3b11.1x12.7x0.6x
Sat, 26 Jul 2025HK$4.6tHK$7.8tHK$366.7b10.6x12.4x0.6x
Mon, 23 Jun 2025HK$4.2tHK$7.8tHK$366.1b10.1x11.4x0.5x
Wed, 21 May 2025HK$4.1tHK$7.8tHK$362.9b10x11.3x0.5x
Fri, 18 Apr 2025HK$3.8tHK$7.7tHK$356.5b9.2x10.6x0.5x
Sun, 16 Mar 2025HK$4.0tHK$7.7tHK$375.1b9.3x10.7x0.5x
Tue, 11 Feb 2025HK$3.8tHK$7.6tHK$372.1b8.6x10.3x0.5x
Thu, 09 Jan 2025HK$3.8tHK$7.5tHK$371.0b8.7x10.2x0.5x
Sat, 07 Dec 2024HK$4.0tHK$7.6tHK$373.8b8.4x10.6x0.5x
Mon, 04 Nov 2024HK$4.0tHK$7.7tHK$377.2b8.6x10.5x0.5x
Wed, 02 Oct 2024HK$4.1tHK$7.8tHK$361.8b8.7x11.2x0.5x
Fri, 30 Aug 2024HK$3.6tHK$7.7tHK$371.9b7.9x9.7x0.5x
Sun, 28 Jul 2024HK$3.5tHK$7.4tHK$327.7b8.2x10.7x0.5x
Tue, 25 Jun 2024HK$3.6tHK$7.4tHK$327.9b8.7x11.1x0.5x
Thu, 23 May 2024HK$3.9tHK$7.4tHK$330.3b8.7x11.7x0.5x
Sat, 20 Apr 2024HK$3.5tHK$7.4tHK$328.4b8.1x10.6x0.5x
Mon, 18 Mar 2024HK$3.5tHK$7.3tHK$363.1b7.5x9.6x0.5x
Wed, 14 Feb 2024HK$3.3tHK$7.3tHK$351.8b7.6x9.2x0.4x
Fri, 12 Jan 2024HK$3.3tHK$7.4tHK$353.6b8.2x9.3x0.4x
Sun, 10 Dec 2023HK$3.2tHK$7.4tHK$354.5b8.1x8.9x0.4x
Tue, 07 Nov 2023HK$3.2tHK$7.3tHK$350.9b8.2x9.2x0.4x
Thu, 05 Oct 2023HK$3.3tHK$7.2tHK$351.9b7.9x9.4x0.5x
Sat, 02 Sep 2023HK$3.4tHK$7.2tHK$364.2b8.5x9.3x0.5x
Mon, 31 Jul 2023HK$3.7tHK$7.2tHK$414.1b9.2x8.9x0.5x
Wed, 28 Jun 2023HK$3.6tHK$7.2tHK$413.2b9.5x8.7x0.5x
Price to Earnings Ratio

8.7x


Total Market Cap: HK$3.6tTotal Earnings: HK$413.2bTotal Revenue: HK$7.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Hong Kong Industrials Sector Price to Earnings3Y Average 11.3x202420252026
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 15.4x which is higher than its 3-year average PE of 11.3x.
  • 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 8.0% per year over the last three years.
  • Meanwhile revenues for these companies have grown 3.3% 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-3.95%
Industrials-0.89%
Machinery5.16%
Airlines1.89%
Construction-0.43%
Transportation-0.76%
Electrical-0.99%
Professional Services-1.69%
Building-1.89%
Industrials-2.63%
Commercial Services-3.40%
Logistics-3.43%
Trade Distributors-3.73%
Infrastructure-4.90%
Marine and Shipping-5.75%
Aerospace & Defense-6.46%
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 18.8%, 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 46% 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 11% 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
2338 Weichai PowerHK$39.7211.8%
+HK$36.2b		141.6%PE26.3x
3808 Sinotruk (Hong Kong)HK$45.288.3%
+HK$9.6b		105.4%PE15.4x
669 Techtronic IndustriesHK$122.703.4%
+HK$7.3b		44.9%PE23.9x
1729 Time Interconnect TechnologyHK$19.0519.6%
+HK$7.0b		172.1%PE54.2x
2442 Easy Smart Group HoldingsHK$73.5023.1%
+HK$5.6b		5,597.7%PS111x

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