Need To Know: Analysts Are Much More Bullish On Precision Tsugami (China) Corporation Limited (HKG:1651)
Jul 01
Hong Kong (HSI) Machinery Industry Analysis
UpdatedJul 02, 2024
DataAggregated Company Financials
Companies45
- 7D2.0%
- 3M-6.7%
- 1Y8.3%
- YTD14.8%
Over the last 7 days, the Machinery industry has risen 1.7%, driven by gains from Weichai Power of 10%. This takes the industry's 12 month performance to a gain of 12%. Earnings are forecast to grow by 17% annually.
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, 02 Jul 2024 | HK$655.5b | HK$618.3b | HK$37.1b | 8.8x | 17.7x | 1.1x |
| Thu, 30 May 2024 | HK$691.2b | HK$647.4b | HK$39.7b | 9.2x | 17.4x | 1.1x |
| Sat, 27 Apr 2024 | HK$678.6b | HK$647.6b | HK$39.4b | 8.3x | 17.2x | 1x |
| Mon, 25 Mar 2024 | HK$714.1b | HK$617.9b | HK$36.4b | 8.9x | 19.6x | 1.2x |
| Wed, 21 Feb 2024 | HK$602.1b | HK$615.5b | HK$36.6b | 8.9x | 16.4x | 1x |
| Fri, 19 Jan 2024 | HK$572.3b | HK$615.8b | HK$36.6b | 8.5x | 15.6x | 0.9x |
| Sun, 17 Dec 2023 | HK$552.8b | HK$618.5b | HK$37.9b | 9x | 14.6x | 0.9x |
| Tue, 14 Nov 2023 | HK$534.4b | HK$607.8b | HK$37.4b | 9.3x | 14.3x | 0.9x |
| Thu, 12 Oct 2023 | HK$536.3b | HK$594.6b | HK$35.1b | 9.6x | 15.3x | 0.9x |
| Sat, 09 Sep 2023 | HK$538.7b | HK$593.4b | HK$34.7b | 10.3x | 15.5x | 0.9x |
| Mon, 07 Aug 2023 | HK$605.7b | HK$572.3b | HK$32.4b | 10.1x | 18.7x | 1.1x |
| Wed, 05 Jul 2023 | HK$582.1b | HK$570.8b | HK$32.3b | 9.9x | 18x | 1x |
| Fri, 02 Jun 2023 | HK$529.0b | HK$577.7b | HK$32.7b | 10.8x | 16.2x | 0.9x |
| Sun, 30 Apr 2023 | HK$571.8b | HK$589.7b | HK$33.2b | 12.4x | 17.2x | 1x |
| Tue, 28 Mar 2023 | HK$570.0b | HK$551.6b | HK$30.3b | 12.8x | 18.8x | 1x |
| Thu, 23 Feb 2023 | HK$600.9b | HK$556.7b | HK$31.5b | 12.1x | 19.1x | 1.1x |
| Sat, 21 Jan 2023 | HK$606.3b | HK$563.5b | HK$31.9b | 12.4x | 19x | 1.1x |
| Mon, 19 Dec 2022 | HK$562.7b | HK$548.0b | HK$31.1b | 11.5x | 18.1x | 1x |
| Wed, 16 Nov 2022 | HK$491.7b | HK$526.7b | HK$28.4b | 11.2x | 17.3x | 0.9x |
| Fri, 14 Oct 2022 | HK$405.7b | HK$517.8b | HK$28.6b | 11x | 14.2x | 0.8x |
| Sun, 11 Sep 2022 | HK$501.2b | HK$531.0b | HK$29.2b | 11.6x | 17.1x | 0.9x |
| Tue, 09 Aug 2022 | HK$508.5b | HK$610.4b | HK$35.8b | 11.1x | 14.2x | 0.8x |
| Thu, 07 Jul 2022 | HK$510.5b | HK$613.1b | HK$35.9b | 11x | 14.2x | 0.8x |
| Sat, 04 Jun 2022 | HK$540.1b | HK$616.8b | HK$36.0b | 10.8x | 15x | 0.9x |
| Mon, 02 May 2022 | HK$512.4b | HK$691.2b | HK$41.7b | 9.7x | 12.3x | 0.7x |
| Wed, 30 Mar 2022 | HK$633.6b | HK$745.3b | HK$48.0b | 10.3x | 13.2x | 0.9x |
| Fri, 25 Feb 2022 | HK$654.7b | HK$736.9b | HK$46.7b | 11.1x | 14x | 0.9x |
| Sun, 23 Jan 2022 | HK$699.2b | HK$732.7b | HK$46.5b | 11x | 15x | 1x |
| Tue, 21 Dec 2021 | HK$754.8b | HK$730.6b | HK$46.4b | 11.4x | 16.3x | 1x |
| Thu, 18 Nov 2021 | HK$749.4b | HK$726.0b | HK$45.9b | 11.8x | 16.3x | 1x |
| Sat, 16 Oct 2021 | HK$739.2b | HK$737.0b | HK$46.4b | 11x | 15.9x | 1x |
| Mon, 13 Sep 2021 | HK$825.4b | HK$734.2b | HK$46.1b | 16x | 17.9x | 1.1x |
| Wed, 11 Aug 2021 | HK$799.1b | HK$734.3b | HK$46.1b | 15.5x | 17.3x | 1.1x |
Price to Earnings Ratio
15.5x
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 16.3x.
- The 3-year average PS ratio of 0.96x is lower than the industry's current PS ratio of 1.1x.
Past Earnings Growth
- The earnings for companies in the Machinery industry have declined 7.0% per year over the last three years,
- Revenues have also declined 5.6% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Trends
Which industries have driven the changes within the Hong Kong Industrials industry?
| HK Market | -0.83% | |
| Industrials | -0.40% | |
| Machinery | 2.02% | |
| Construction Machinery and Vehicles | 7.96% | |
| Industrial Machinery | -3.24% | |
| Agricultural Machinery | -3.51% | |
Industry PE
- Investors are most optimistic about the Industrial Machinery industry which is trading above its 3-year average PE ratio of 19.0x.
- Analysts are expecting annual earnings growth of 18.6%, which is higher than its past year's earnings decline of 2.7% per year.
- Investors are most pessimistic about the Agricultural Machinery industry, which is trading below its 3-year average of 18.3x.
Forecasted Growth
- Analysts are most optimistic on the Industrial Machinery industry, expecting annual earnings growth of 19% over the next 5 years.
- This is better than its past earnings decline of 2.7% per year.
- In contrast, the Construction Machinery and Vehicles industry is expected to see its earnings grow by 15% 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 | |
|---|---|---|---|---|---|
| 2338 Weichai Power | HK$14.94 | 10.3% +HK$12.1b | 23.1% | PE12.3x | |
| 3808 Sinotruk (Hong Kong) | HK$20.30 | 8.4% +HK$4.4b | 28.5% | PE9.8x | |
| 3898 Zhuzhou CRRC Times Electric | HK$30.80 | 6.8% +HK$2.8b | 2.5% | PE12.5x | |
| 317 CSSC Offshore & Marine Engineering (Group) | HK$17.60 | 6.0% +HK$1.4b | 49.9% | PE256.9x | |
| 3899 CIMC Enric Holdings | HK$7.87 | 1.9% +HK$304.2m | 11.2% | PE13.3x |
