Don't get over-excited.
Although I haven't been out on the scene much it changes week to week.
Fusions is probably your best bet, a gay club in Waikiki which on Saturday's has a drag show and girls hangout there. The only other option would be Venus which is off Kapiolani Blvd - not sure what night is their tgirl night.
No TS streetwalkers in Waikiki (all chased off) but Merchant St. in the downtown area (near Murphy's Irish Pub) has girls after midnight.