Analysis Article • Jul 03
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Hong Kong (HSI) Infrastructure Industry Analysis
UpdatedJul 20, 2026
DataAggregated Company Financials
Companies24
- 7D3.5%
- 3M-11.8%
- 1Y-8.7%
- YTD-10.5%
In the last week, the Infrastructure industry is up 3.5%, with China Merchants Port Holdings up 6.3%. However, the industry is down 8.7% over the past year. Looking forward, earnings are forecast to grow by 8.6% annually.
Industry Valuation and Performance
Has the Hong Kong Infrastructure Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 20 Jul 2026 | HK$394.0b | HK$194.7b | HK$37.9b | 8.1x | 10.4x | 2x |
| Wed, 17 Jun 2026 | HK$401.3b | HK$195.2b | HK$38.0b | 8.4x | 10.6x | 2.1x |
| Fri, 15 May 2026 | HK$432.9b | HK$194.2b | HK$37.9b | 9.4x | 11.4x | 2.2x |
| Sun, 12 Apr 2026 | HK$429.7b | HK$191.7b | HK$37.6b | 9.1x | 11.4x | 2.2x |
| Tue, 10 Mar 2026 | HK$443.7b | HK$196.3b | HK$39.1b | 9x | 11.3x | 2.3x |
| Thu, 05 Feb 2026 | HK$452.8b | HK$195.7b | HK$39.0b | 9x | 11.6x | 2.3x |
| Sat, 03 Jan 2026 | HK$425.5b | HK$194.5b | HK$38.8b | 8.6x | 11x | 2.2x |
| Mon, 01 Dec 2025 | HK$434.5b | HK$192.7b | HK$38.4b | 8.6x | 11.3x | 2.3x |
| Wed, 29 Oct 2025 | HK$443.6b | HK$191.1b | HK$38.3b | 8.9x | 11.6x | 2.3x |
| Fri, 26 Sep 2025 | HK$444.8b | HK$198.9b | HK$40.1b | 8.8x | 11.1x | 2.2x |
| Sun, 24 Aug 2025 | HK$460.4b | HK$203.6b | HK$40.9b | 8.5x | 11.2x | 2.3x |
| Tue, 22 Jul 2025 | HK$466.1b | HK$202.2b | HK$39.8b | 8.1x | 11.7x | 2.3x |
| Thu, 19 Jun 2025 | HK$463.7b | HK$202.0b | HK$39.7b | 7.9x | 11.7x | 2.3x |
| Sat, 17 May 2025 | HK$439.9b | HK$201.0b | HK$39.5b | 8x | 11.1x | 2.2x |
| Mon, 14 Apr 2025 | HK$423.9b | HK$195.4b | HK$38.8b | 7.8x | 10.9x | 2.2x |
| Wed, 12 Mar 2025 | HK$411.1b | HK$193.9b | HK$38.9b | 7.3x | 10.6x | 2.1x |
| Fri, 07 Feb 2025 | HK$415.3b | HK$193.2b | HK$38.7b | 7.3x | 10.7x | 2.1x |
| Sun, 05 Jan 2025 | HK$423.4b | HK$192.5b | HK$38.6b | 7.6x | 11x | 2.2x |
| Tue, 03 Dec 2024 | HK$404.3b | HK$193.4b | HK$38.8b | 7.4x | 10.4x | 2.1x |
| Thu, 31 Oct 2024 | HK$398.1b | HK$196.2b | HK$38.8b | 7.6x | 10.3x | 2x |
| Sat, 28 Sep 2024 | HK$403.5b | HK$198.8b | HK$39.6b | 7.3x | 10.2x | 2x |
| Mon, 26 Aug 2024 | HK$403.3b | HK$192.2b | HK$37.3b | 7.8x | 10.8x | 2.1x |
| Wed, 24 Jul 2024 | HK$384.5b | HK$190.3b | HK$37.3b | 7.6x | 10.3x | 2x |
| Fri, 21 Jun 2024 | HK$395.8b | HK$190.5b | HK$37.4b | 8.2x | 10.6x | 2.1x |
| Sun, 19 May 2024 | HK$390.0b | HK$191.2b | HK$37.5b | 8.3x | 10.4x | 2x |
| Tue, 16 Apr 2024 | HK$372.8b | HK$190.6b | HK$37.0b | 7.4x | 10.1x | 2x |
| Thu, 14 Mar 2024 | HK$362.1b | HK$178.0b | HK$34.5b | 6.9x | 10.5x | 2x |
| Sat, 10 Feb 2024 | HK$361.3b | HK$177.2b | HK$34.3b | 6.9x | 10.5x | 2x |
| Mon, 08 Jan 2024 | HK$363.8b | HK$208.0b | HK$35.0b | 7.5x | 10.4x | 1.7x |
| Wed, 06 Dec 2023 | HK$340.7b | HK$208.1b | HK$35.0b | 6.9x | 9.7x | 1.6x |
| Fri, 03 Nov 2023 | HK$335.2b | HK$204.9b | HK$34.5b | 7.1x | 9.7x | 1.6x |
| Sun, 01 Oct 2023 | HK$346.8b | HK$203.9b | HK$34.0b | 6.6x | 10.2x | 1.7x |
| Tue, 29 Aug 2023 | HK$346.5b | HK$202.4b | HK$34.9b | 7.5x | 9.9x | 1.7x |
| Thu, 27 Jul 2023 | HK$365.0b | HK$203.6b | HK$34.1b | 7.7x | 10.7x | 1.8x |
Price to Earnings Ratio
10.7x
Current Industry PE
- Investors are relatively neutral on the Hong Kong Infrastructure industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 10.7x.
- The industry is trading close to its 3-year average PS ratio of 2.1x.
Past Earnings Growth
- The earnings for companies in the Infrastructure industry have grown 3.6% per year over the last three years, while revenues have remained mostly flat.
- This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.
Industry Trends
Which industries have driven the changes within the Hong Kong Industrials industry?
| HK Market | 0.25% | |
| Industrials | -0.77% | |
| Infrastructure | 3.52% | |
| Airport Services | 5.07% | |
| Marine Ports and Services | 3.87% | |
| Highways and Railtracks | 3.02% | |
Industry PE
- Investors are most optimistic about the Marine Ports and Services industry, which is trading close to its 3-year average PE ratio of 10.1x.
- Analysts are expecting annual earnings growth of 5.3%, which is higher than its past year's earnings decline of 4.3% per year.
Forecasted Growth
- Analysts are most optimistic on the Airport Services industry, expecting annual earnings growth of 105% over the next 5 years.
- In contrast, the Marine Ports and Services industry is expected to see its earnings grow by 5.3% 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 | |
|---|---|---|---|---|---|
| 144 China Merchants Port Holdings | HK$14.68 | 9.0% +HK$5.1b | -2.4% | PE9.5x | |
| 6198 Qingdao Port International | HK$6.88 | 5.2% +HK$2.2b | 5.2% | PE7.4x | |
| 177 Jiangsu Expressway | HK$10.07 | 3.8% +HK$1.9b | 0.3% | PE9.2x | |
| 576 Zhejiang Expressway | HK$6.59 | 4.3% +HK$1.6b | -10.7% | PE6.7x | |
| 1199 COSCO SHIPPING Ports | HK$5.20 | 7.7% +HK$1.5b | -4.4% | PE8.4x |