Analysis Article • Aug 27
Have your own idea? Try our Stock Screener
Hong Kong (HSI) Electrical Industry Analysis
UpdatedAug 29, 2026
DataAggregated Company Financials
Companies39
- 7D-2.0%
- 3M-27.8%
- 1Y-3.6%
- YTD-29.6%
Over the last 7 days, the Electrical industry has dropped 2.0%, driven by a pullback from Dongfang Electric of 9.7%. In contrast, Sigenergy Technology has gained 6.7%. Overall the industry is down 3.6% in 12 months. Looking forward, earnings are forecast to grow by 20% annually.
Industry Valuation and Performance
Has the Hong Kong Electrical Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 30 Aug 2026 | HK$447.1b | HK$474.3b | HK$16.8b | 20.6x | 26.6x | 0.9x |
| Tue, 28 Jul 2026 | HK$430.4b | HK$463.5b | HK$14.6b | 19.6x | 29.6x | 0.9x |
| Thu, 25 Jun 2026 | HK$490.5b | HK$460.8b | HK$14.5b | 19.1x | 33.9x | 1.1x |
| Sat, 23 May 2026 | HK$620.1b | HK$466.4b | HK$1.9b | 22.8x | 325.6x | 1.3x |
| Mon, 20 Apr 2026 | HK$662.0b | HK$461.5b | HK$1.4b | 21.2x | 469.4x | 1.4x |
| Wed, 18 Mar 2026 | HK$494.5b | HK$434.5b | -HK$4,966,550,660.43 | 16.6x | -99.6x | 1.1x |
| Fri, 13 Feb 2026 | HK$500.7b | HK$432.7b | -HK$5,107,412,136.55 | 17.7x | -98x | 1.2x |
| Sun, 11 Jan 2026 | HK$461.2b | HK$428.0b | -HK$4,997,520,902.74 | 19.8x | -92.3x | 1.1x |
| Tue, 09 Dec 2025 | HK$383.8b | HK$419.5b | -HK$5,054,376,566.46 | 18.2x | -75.9x | 0.9x |
| Thu, 06 Nov 2025 | HK$382.0b | HK$415.3b | -HK$4,776,478,433.87 | 18.9x | -80x | 0.9x |
| Sat, 04 Oct 2025 | HK$383.0b | HK$411.8b | -HK$6,424,197,746.47 | 18.3x | -59.6x | 0.9x |
| Mon, 01 Sep 2025 | HK$341.8b | HK$411.4b | -HK$6,354,677,444.72 | 16.6x | -53.8x | 0.8x |
| Wed, 30 Jul 2025 | HK$321.9b | HK$380.0b | -HK$8,708,922,354.31 | 17.2x | -37x | 0.8x |
| Fri, 27 Jun 2025 | HK$281.5b | HK$380.1b | -HK$8,603,087,749.03 | 14.3x | -32.7x | 0.7x |
| Sun, 25 May 2025 | HK$268.4b | HK$378.7b | -HK$8,572,389,886.87 | 13.5x | -31.3x | 0.7x |
| Tue, 22 Apr 2025 | HK$243.2b | HK$366.4b | -HK$8,826,173,922.66 | 12.5x | -27.5x | 0.7x |
| Thu, 20 Mar 2025 | HK$245.1b | HK$343.9b | -HK$1,626,469,695.37 | 8.9x | -150.7x | 0.7x |
| Sat, 15 Feb 2025 | HK$247.7b | HK$342.5b | -HK$1,744,254,566.41 | 8.5x | -142x | 0.7x |
| Mon, 13 Jan 2025 | HK$210.6b | HK$339.6b | -HK$1,751,459,730.13 | 8.3x | -120.2x | 0.6x |
| Wed, 11 Dec 2024 | HK$254.9b | HK$342.6b | -HK$1,692,051,885.34 | 9.3x | -150.6x | 0.7x |
| Fri, 08 Nov 2024 | HK$296.4b | HK$344.7b | -HK$1,746,898,045.64 | 9.4x | -169.7x | 0.9x |
| Sun, 06 Oct 2024 | HK$201.2b | HK$348.3b | -HK$1,720,973,079.63 | 9.6x | -116.9x | 0.6x |
| Tue, 03 Sep 2024 | HK$191.6b | HK$347.1b | -HK$2,064,383,386.65 | 8.7x | -92.8x | 0.6x |
| Thu, 01 Aug 2024 | HK$198.5b | HK$336.5b | -HK$615,202,475.94 | 8.9x | -322.6x | 0.6x |
| Sat, 29 Jun 2024 | HK$196.6b | HK$334.6b | -HK$628,050,038.57 | 9.6x | -313x | 0.6x |
| Mon, 27 May 2024 | HK$198.4b | HK$335.6b | -HK$624,867,377.07 | 9.8x | -317.5x | 0.6x |
| Wed, 24 Apr 2024 | HK$193.6b | HK$337.8b | HK$2.0b | 8.8x | 96.2x | 0.6x |
| Fri, 22 Mar 2024 | HK$188.2b | HK$337.1b | HK$1.7b | 7.6x | 111.4x | 0.6x |
| Sun, 18 Feb 2024 | HK$187.2b | HK$337.1b | HK$1.7b | 6.3x | 109x | 0.6x |
| Tue, 16 Jan 2024 | HK$191.0b | HK$359.2b | HK$1.9b | 7.2x | 101.7x | 0.5x |
| Thu, 14 Dec 2023 | HK$150.5b | HK$339.9b | HK$2.4b | 7.2x | 63.6x | 0.4x |
| Sat, 11 Nov 2023 | HK$150.7b | HK$335.7b | HK$2.6b | 8.9x | 58.9x | 0.4x |
| Mon, 09 Oct 2023 | HK$151.9b | HK$336.2b | HK$1.7b | 9.2x | 91.8x | 0.5x |
| Wed, 06 Sep 2023 | HK$158.3b | HK$337.3b | HK$2.1b | 10.5x | 75.8x | 0.5x |
Price to Earnings Ratio
75.8x
Current Industry PE
- Investors are pessimistic on the Hong Kong Electrical industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 26.6x which is higher than its 3-year average PE of -40.0x.
- The industry is trading close to its 3-year average PS ratio of 0.76x.
Past Earnings Growth
- The earnings for companies in the Electrical industry have grown 100% per year over the last three years.
- Revenues for these companies have grown 12% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Hong Kong Industrials industry?
| HK Market | -0.095% | |
| Industrials | -1.28% | |
| Electrical | -2.02% | |
| Electrical Components | 4.34% | |
| Heavy Electrical Equipment | -6.41% | |
Industry PE
- Investors are most optimistic about the Electrical Components industry even though it's trading below its 3-year average PE ratio of 251x.
- Analysts are expecting annual earnings growth of 33.1%, which is higher than its past year's earnings decline of 5.2% per year.
- Investors are most pessimistic about the Heavy Electrical Equipment industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 4.0x.
Forecasted Growth
- Analysts are most optimistic on the Electrical Components industry, expecting annual earnings growth of 33% over the next 5 years.
- This is better than its past earnings decline of 5.2% per year.
- In contrast, the Heavy Electrical Equipment industry is expected to see its earnings grow 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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 6656 Sigenergy Technology | HK$364.20 | 6.7% +HK$5.7b | n/a | PE17.1x | |
| 1729 Time Interconnect Technology | HK$16.72 | 9.6% +HK$3.3b | 26.0% | PE28.8x | |
| 8137 Honbridge Holdings | HK$0.56 | 16.7% +HK$1.2b | -6.7% | PS35.2x | |
| 842 Leoch International Technology | HK$1.01 | 11.0% +HK$144.2m | -46.3% | PS0.1x | |
| 1597 China Nature Energy Technology Holdings | HK$5.96 | 8.4% +HK$115.0m | 129.2% | PS9.3x |