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Hong Kong (HSI) Machinery Industry Analysis

UpdatedNov 14, 2025
DataAggregated Company Financials
Companies52
  • 7D-1.9%
  • 3M3.9%
  • 1Y25.0%
  • YTD27.1%

Over the last 7 days, the Machinery industry has dropped 1.9%, driven by a pullback from Weichai Power of 7.0%. Meanwhile, Shanghai REFIRE Group actually outperformed within the industry, gaining 31% in the last week. This takes the industry's 12 month performance to a gain of 25%. Earnings are forecast to grow by 19% annually.

Industry Valuation and Performance

Has the Hong Kong Machinery Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 16 Nov 2025HK$792.7bHK$683.3bHK$44.0b12.6x18x1.2x
Tue, 14 Oct 2025HK$748.0bHK$670.6bHK$42.9b12.4x17.4x1.1x
Thu, 11 Sep 2025HK$730.7bHK$674.2bHK$43.0b10.9x17x1.1x
Sat, 09 Aug 2025HK$755.6bHK$669.3bHK$42.1b11x18x1.1x
Mon, 07 Jul 2025HK$689.0bHK$666.6bHK$41.6b9.7x16.6x1x
Wed, 04 Jun 2025HK$679.6bHK$663.1bHK$41.3b9.2x16.5x1x
Fri, 02 May 2025HK$636.2bHK$648.7bHK$40.6b8.8x15.7x1x
Sun, 30 Mar 2025HK$698.5bHK$647.4bHK$41.1b9.3x17x1.1x
Tue, 25 Feb 2025HK$697.6bHK$637.8bHK$39.9b8.3x17.5x1.1x
Thu, 23 Jan 2025HK$658.5bHK$638.0bHK$40.0b7.7x16.5x1x
Sat, 21 Dec 2024HK$633.6bHK$632.7bHK$40.1b7.6x15.8x1x
Mon, 18 Nov 2024HK$626.0bHK$637.4bHK$40.7b7.4x15.4x1x
Wed, 16 Oct 2024HK$652.1bHK$647.9bHK$41.3b7.6x15.8x1x
Fri, 13 Sep 2024HK$584.8bHK$650.3bHK$41.5b6.8x14.1x0.9x
Sun, 11 Aug 2024HK$605.0bHK$628.4bHK$38.1b8.4x15.9x1x
Tue, 09 Jul 2024HK$592.3bHK$618.2bHK$37.1b8.4x16x1x
Thu, 06 Jun 2024HK$688.1bHK$647.4bHK$39.7b9x17.3x1.1x
Sat, 04 May 2024HK$674.9bHK$648.8bHK$39.9b8.7x16.9x1x
Mon, 01 Apr 2024HK$661.4bHK$646.8bHK$39.1b8.1x16.9x1x
Wed, 28 Feb 2024HK$625.8bHK$616.0bHK$36.7b9.2x17.1x1x
Fri, 26 Jan 2024HK$600.2bHK$617.0bHK$36.7b8.8x16.3x1x
Sun, 24 Dec 2023HK$551.8bHK$618.1bHK$37.9b8.8x14.5x0.9x
Tue, 21 Nov 2023HK$566.3bHK$614.5bHK$37.8b9.3x15x0.9x
Thu, 19 Oct 2023HK$520.4bHK$594.4bHK$35.0b9.8x14.9x0.9x
Sat, 16 Sep 2023HK$535.2bHK$596.6bHK$34.9b9.3x15.3x0.9x
Mon, 14 Aug 2023HK$558.3bHK$567.8bHK$31.2b9.7x17.9x1x
Wed, 12 Jul 2023HK$581.9bHK$571.7bHK$32.3b9.4x18x1x
Fri, 09 Jun 2023HK$527.3bHK$576.7bHK$32.7b11x16.1x0.9x
Sun, 07 May 2023HK$593.3bHK$589.7bHK$33.2b12.2x17.9x1x
Tue, 04 Apr 2023HK$583.3bHK$578.7bHK$31.2b12.9x18.7x1x
Thu, 02 Mar 2023HK$577.9bHK$559.5bHK$31.8b11.7x18.2x1x
Sat, 28 Jan 2023HK$620.4bHK$563.2bHK$31.9b12.7x19.5x1.1x
Mon, 26 Dec 2022HK$539.0bHK$548.6bHK$31.1b11.2x17.3x1x
Wed, 23 Nov 2022HK$467.8bHK$519.6bHK$28.1b11.1x16.6x0.9x
Price to Earnings Ratio

16.6x


Total Market Cap: HK$467.8bTotal Earnings: HK$28.1bTotal Revenue: HK$519.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Hong Kong Machinery Industry Price to Earnings3Y Average 16.9x202320242025
Current Industry PE
  • Investors are relatively neutral on the Hong Kong Machinery 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 16.9x.
  • The 3-year average PS ratio of 1.0x is lower than the industry's current PS ratio of 1.2x.
Past Earnings Growth
  • The earnings for companies in the Machinery industry have grown 16% per year over the last three years.
  • Revenues for these companies have grown 9.6% 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 Market1.84%
Industrials0.96%
Machinery-1.87%
Agricultural Machinery1.66%
Industrial Machinery-0.41%
Construction Machinery and Vehicles-3.27%
Industry PE
  • Investors are most optimistic about the Industrial Machinery industry which is trading above its 3-year average PE ratio of 20.0x.
    • Analysts are expecting annual earnings growth of 23.2%, which is higher than its past year's earnings growth of 12.6% per year.
  • Investors are most pessimistic about the Construction Machinery and Vehicles industry, which is trading close to its 3-year average of 15.4x.
Forecasted Growth
  • Analysts are most optimistic on the Industrial Machinery industry, expecting annual earnings growth of 23% over the next 5 years.
  • This is better than its past earnings growth rate of 13% per year.
  • In contrast, the Construction Machinery and Vehicles industry is expected to see its earnings grow by 16% 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
2570 Shanghai REFIRE GroupHK$146.6030.7%
+HK$3.0b
n/aPS18.2x
2670 Beijing Yunji TechnologyHK$114.4011.7%
+HK$824.6m
n/aPS28.7x
2155 Morimatsu International HoldingsHK$10.366.8%
+HK$822.0m
136.0%PE16.9x
3808 Sinotruk (Hong Kong)HK$29.040.9%
+HK$717.9m
41.7%PE12.2x
669 Techtronic IndustriesHK$90.250.4%
+HK$640.8m
-13.6%PE17.7x

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