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Hong Kong (HSI) Tech Sector Analysis

UpdatedMar 29, 2024
DataAggregated Company Financials
Companies206
  • 7D-4.0%
  • 3M-9.4%
  • 1Y-19.1%
  • YTD-7.8%

Over the last 7 days, the Tech industry has dropped 4.7%, driven by Semiconductor Manufacturing International declining 9.3%. However, the industry is down 20% over the past year. Looking forward, earnings are forecast to grow by 19% annually.

Sector Valuation and Performance

Has the Hong Kong Tech Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 29 Mar 2024HK$1.5tHK$2.3tHK$51.4b10x29.4x0.7x
Sun, 25 Feb 2024HK$1.4tHK$2.3tHK$63.3b9.3x21.8x0.6x
Tue, 23 Jan 2024HK$1.4tHK$2.3tHK$66.1b9.4x21x0.6x
Thu, 21 Dec 2023HK$1.6tHK$2.3tHK$66.4b9.6x24.1x0.7x
Sat, 18 Nov 2023HK$1.6tHK$2.3tHK$67.9b11.7x24.3x0.7x
Mon, 16 Oct 2023HK$1.5tHK$2.3tHK$71.0b10.2x21.5x0.7x
Wed, 13 Sep 2023HK$1.6tHK$2.3tHK$70.9b10.8x22.1x0.7x
Fri, 11 Aug 2023HK$1.6tHK$2.4tHK$80.1b10.5x19.8x0.7x
Sun, 09 Jul 2023HK$1.6tHK$2.4tHK$82.0b10x19x0.7x
Tue, 06 Jun 2023HK$1.6tHK$2.4tHK$83.0b8.7x19.1x0.7x
Thu, 04 May 2023HK$1.7tHK$2.5tHK$81.4b8.9x20.4x0.7x
Sat, 01 Apr 2023HK$1.7tHK$2.5tHK$83.2b9.5x20.8x0.7x
Mon, 27 Feb 2023HK$1.8tHK$2.5tHK$74.8b8.6x23.5x0.7x
Wed, 25 Jan 2023HK$1.8tHK$2.6tHK$76.4b8.4x23.9x0.7x
Fri, 23 Dec 2022HK$1.7tHK$2.5tHK$76.3b8.2x21.9x0.7x
Sun, 20 Nov 2022HK$1.6tHK$2.5tHK$79.2b8.1x20.6x0.6x
Tue, 18 Oct 2022HK$1.4tHK$2.5tHK$77.1b7.8x18.1x0.6x
Thu, 15 Sep 2022HK$1.7tHK$2.6tHK$79.2b8.8x21.2x0.7x
Sat, 13 Aug 2022HK$1.8tHK$2.6tHK$80.0b8.6x22x0.7x
Mon, 11 Jul 2022HK$1.9tHK$2.6tHK$81.0b8.7x23.1x0.7x
Wed, 08 Jun 2022HK$2.0tHK$2.6tHK$83.1b8.7x23.9x0.8x
Fri, 06 May 2022HK$1.8tHK$2.6tHK$89.9b9x20.5x0.7x
Sun, 03 Apr 2022HK$2.0tHK$2.9tHK$148.0b10.1x13.8x0.7x
Tue, 01 Mar 2022HK$2.0tHK$2.6tHK$127.0b10.8x16.1x0.8x
Thu, 27 Jan 2022HK$2.2tHK$2.5tHK$123.7b11.1x17.4x0.9x
Sat, 25 Dec 2021HK$2.3tHK$2.5tHK$123.4b11.5x18.4x0.9x
Mon, 22 Nov 2021HK$2.4tHK$2.5tHK$128.2b11.9x18.8x1x
Wed, 20 Oct 2021HK$2.4tHK$2.4tHK$126.7b11.4x18.8x1x
Fri, 17 Sep 2021HK$2.4tHK$2.4tHK$127.9b11.9x18.9x1x
Sun, 15 Aug 2021HK$2.6tHK$2.5tHK$119.4b11.8x22x1.1x
Thu, 10 Jun 2021HK$2.8tHK$2.3tHK$102.3b12.6x27.2x1.2x
Price to Earnings Ratio

23.2x


Total Market Cap: HK$2.6tTotal Earnings: HK$110.7bTotal Revenue: HK$2.3tTotal Market Cap vs Earnings and Revenue0%0%0%
Hong Kong Tech Sector Price to Earnings3Y Average 21.4x202220232024
Current Industry PE
  • Investors are optimistic on the Hong Kong Information Technology industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 28.3x which is higher than its 3-year average PE of 21.4x.
  • The industry is trading close to its 3-year average PS ratio of 0.78x.
Past Earnings Growth
  • The earnings for companies in the Information Technology industry have declined 22% per year over the last three years.
  • Meanwhile revenues have remained mostly flat.
  • This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

Which industries have driven the changes within the Hong Kong Tech sector?

HK Market-1.49%
Tech-3.99%
Tech Hardware-0.70%
Electronic Equipment and Components-2.00%
IT-2.85%
Communications-5.34%
Semiconductors-7.03%
Software-8.43%
Industry PE
  • Investors are most optimistic about the IT industry which is trading above its 3-year average PE ratio of 26.7x.
    • Analysts are expecting annual earnings growth of 25.2%, which is higher than its past year's earnings decline of 7.9% per year.
Forecasted Growth
  • Analysts are most optimistic on the Software industry, expecting annual earnings growth of 64% over the next 5 years.
  • This is better than its past earnings growth rate of 40% per year.
  • In contrast, the Semiconductors industry is expected to see its earnings grow by 11% 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
1810 XiaomiHK$14.940.9%
+HK$3.4b
23.5%PE19.7x
2498 Robosense TechnologyHK$42.909.6%
+HK$1.7b
n/aPS28.6x
2018 AAC Technologies HoldingsHK$26.255.0%
+HK$1.5b
35.6%PE39.2x
1401 Sprocomm IntelligenceHK$2.7025.6%
+HK$550.0m
321.9%PE77x
3969 China Railway Signal & CommunicationHK$2.981.7%
+HK$529.5m
3.1%PE8.4x
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Latest News

981

HK$15.16

Semiconductor Manufacturing International

7D

-4.1%

1Y

-18.5%

2498

HK$42.90

Robosense Technology

7D

9.6%

1Y

n/a

1401

HK$2.70

Sprocomm Intelligence

7D

25.6%

1Y

321.9%

3969

HK$2.98

China Railway Signal & Communication

7D

1.7%

1Y

3.1%

2121

HK$7.34

Qingdao AInnovation Technology Group

7D

9.1%

1Y

-50.8%

2018

HK$26.25

AAC Technologies Holdings

7D

5.0%

1Y

35.6%

2382

HK$39.95

Sunny Optical Technology (Group)

7D

-8.6%

1Y

-57.9%

285

HK$28.85

BYD Electronic (International)

7D

-6.0%

1Y

18.2%

1888

HK$5.79

Kingboard Laminates Holdings

7D

-11.3%

1Y

-29.4%

3800

HK$1.28

GCL Technology Holdings

7D

-7.2%

1Y

-36.9%

1782

HK$4.40

International Business Digital Technology

7D

11.7%

1Y

160.4%