Narrative Update • Jul 08
Have your own idea? Try our Stock Screener
Hong Kong (HSI) Machinery Industry Analysis
UpdatedJul 13, 2026
DataAggregated Company Financials
Companies59
- 7D-5.0%
- 3M-5.0%
- 1Y35.1%
- YTD16.0%
Over the last 7 days, the Machinery industry has dropped 5.0%, driven by Weichai Power declining 11%. Meanwhile, Robotphoenix Intelligent Technology actually outperformed within the industry, gaining 38% in the last week. This takes the industry's 12 month performance to a gain of 35%. As for the next few years, earnings are expected to grow by 25% per annum.
Industry Valuation and Performance
Has the Hong Kong Machinery Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 14 Jul 2026 | HK$1.0t | HK$766.3b | HK$45.4b | 13.2x | 23x | 1.4x |
| Thu, 11 Jun 2026 | HK$1.0t | HK$760.6b | HK$46.4b | 13.2x | 22.6x | 1.4x |
| Sat, 09 May 2026 | HK$1.1t | HK$756.8b | HK$46.7b | 13.5x | 24.5x | 1.5x |
| Mon, 06 Apr 2026 | HK$976.2b | HK$740.8b | HK$45.7b | 12.4x | 21.4x | 1.3x |
| Wed, 04 Mar 2026 | HK$1.0t | HK$703.9b | HK$45.5b | 14.3x | 22.1x | 1.4x |
| Fri, 30 Jan 2026 | HK$941.4b | HK$698.9b | HK$45.1b | 13.6x | 20.9x | 1.3x |
| Sun, 28 Dec 2025 | HK$767.9b | HK$691.3b | HK$44.6b | 12.2x | 17.2x | 1.1x |
| Tue, 25 Nov 2025 | HK$753.6b | HK$684.2b | HK$44.2b | 12x | 17x | 1.1x |
| Thu, 23 Oct 2025 | HK$754.0b | HK$670.7b | HK$42.9b | 12.6x | 17.6x | 1.1x |
| Sat, 20 Sep 2025 | HK$759.3b | HK$673.7b | HK$43.0b | 11.6x | 17.7x | 1.1x |
| Mon, 18 Aug 2025 | HK$763.7b | HK$667.7b | HK$42.2b | 11.1x | 18.1x | 1.1x |
| Wed, 16 Jul 2025 | HK$705.1b | HK$666.0b | HK$41.5b | 9.9x | 17x | 1.1x |
| Fri, 13 Jun 2025 | HK$693.0b | HK$664.3b | HK$41.3b | 9.7x | 16.8x | 1x |
| Sun, 11 May 2025 | HK$665.1b | HK$653.5b | HK$40.6b | 9.4x | 16.4x | 1x |
| Tue, 08 Apr 2025 | HK$565.3b | HK$644.0b | HK$40.1b | 8.4x | 14.1x | 0.9x |
| Thu, 06 Mar 2025 | HK$720.5b | HK$641.3b | HK$40.6b | 8.2x | 17.7x | 1.1x |
| Sat, 01 Feb 2025 | HK$668.5b | HK$639.4b | HK$40.0b | 8x | 16.7x | 1x |
| Mon, 30 Dec 2024 | HK$639.6b | HK$632.0b | HK$40.1b | 7.8x | 16x | 1x |
| Wed, 27 Nov 2024 | HK$618.2b | HK$637.4b | HK$40.6b | 7.7x | 15.2x | 1x |
| Fri, 25 Oct 2024 | HK$654.5b | HK$648.1b | HK$41.4b | 7.8x | 15.8x | 1x |
| Sun, 22 Sep 2024 | HK$624.8b | HK$654.5b | HK$41.7b | 7.2x | 15x | 1x |
| Tue, 20 Aug 2024 | HK$623.3b | HK$630.3b | HK$38.2b | 8.6x | 16.3x | 1x |
| Thu, 18 Jul 2024 | HK$621.6b | HK$619.0b | HK$37.1b | 8.9x | 16.7x | 1x |
| Sat, 15 Jun 2024 | HK$667.0b | HK$621.5b | HK$37.3b | 9.1x | 17.9x | 1.1x |
| Mon, 13 May 2024 | HK$705.1b | HK$649.5b | HK$40.0b | 9.3x | 17.6x | 1.1x |
| Wed, 10 Apr 2024 | HK$679.5b | HK$646.4b | HK$39.1b | 8.1x | 17.4x | 1.1x |
| Fri, 08 Mar 2024 | HK$690.0b | HK$620.8b | HK$36.7b | 9.1x | 18.8x | 1.1x |
| Sun, 04 Feb 2024 | HK$577.3b | HK$615.8b | HK$36.6b | 8.7x | 15.8x | 0.9x |
| Tue, 02 Jan 2024 | HK$605.6b | HK$622.5b | HK$37.0b | 9.1x | 16.4x | 1x |
| Thu, 30 Nov 2023 | HK$562.0b | HK$617.8b | HK$38.0b | 9.3x | 14.8x | 0.9x |
| Sat, 28 Oct 2023 | HK$534.1b | HK$594.9b | HK$35.3b | 9.1x | 15.1x | 0.9x |
| Mon, 25 Sep 2023 | HK$544.3b | HK$594.8b | HK$34.8b | 9.5x | 15.7x | 0.9x |
| Wed, 23 Aug 2023 | HK$540.0b | HK$563.5b | HK$30.9b | 9.9x | 17.5x | 1x |
| Fri, 21 Jul 2023 | HK$576.9b | HK$572.6b | HK$32.4b | 9.1x | 17.8x | 1x |
Price to Earnings Ratio
17.8x
Current Industry PE
- Investors are optimistic on the Hong Kong Machinery industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 23.0x which is higher than its 3-year average PE of 17.6x.
- The 3-year average PS ratio of 1.1x is lower than the industry's current PS ratio of 1.4x.
Past Earnings Growth
- The earnings for companies in the Machinery industry have grown 12% per year over the last three years.
- Revenues for these companies have grown 10% 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 | 1.31% | |
| Industrials | -1.16% | |
| Machinery | -4.97% | |
| Agricultural Machinery | 0.90% | |
| Construction Machinery and Vehicles | -3.48% | |
| Industrial Machinery | -6.86% | |
Industry PE
- Investors are most optimistic about the Industrial Machinery industry which is trading above its 3-year average PE ratio of 22.1x.
- Analysts are expecting annual earnings growth of 30.0%, which is higher than its past year's earnings growth of 3.7% per year.
- Investors are most pessimistic about the Agricultural Machinery industry, which is trading close to its 3-year average of 14.6x.
Forecasted Growth
- Analysts are most optimistic on the Industrial Machinery industry, expecting annual earnings growth of 30% over the next 5 years.
- This is better than its past earnings growth rate of 3.7% per year.
- In contrast, the Agricultural Machinery industry is expected to see its earnings grow by 19% 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 | |
|---|---|---|---|---|---|
| 6871 Robotphoenix Intelligent Technology | HK$26.48 | 37.8% +HK$1.8b | n/a | PS14.5x | |
| 3881 CiDi | HK$20.82 | 3.4% +HK$297.8m | n/a | PS8.9x | |
| 2729 Zhejiang Galaxis Technology Group | HK$29.02 | 1.3% +HK$162.6m | n/a | PS11.8x | |
| 1452 Denox Environmental & Technology Holdings | HK$0.20 | 34.0% +HK$30.8m | 111.3% | PS0.6x | |
| 3816 KFM Kingdom Holdings | HK$1.94 | 2.1% +HK$24.0m | 506.3% | PE14.3x |