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Hong Kong (HSI) Tech Sector Analysis
UpdatedMar 06, 2026
DataAggregated Company Financials
Companies219
- 7D-7.1%
- 3M-7.0%
- 1Y-11.6%
- YTD-6.2%
Over the last 7 days, the Tech industry has dropped 7.1%, driven by Xiaomi declining 8.5%. Meanwhile, Yangtze Optical Fibre And Cable Limited actually outperformed within the industry, gaining 11% in the last week. The industry has fallen 12% in the last year. Earnings are forecast to grow by 29% annually.
Sector Valuation and Performance
Has the Hong Kong Tech Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 06 Mar 2026 | HK$3.4t | HK$3.0t | HK$78.1b | 15.5x | 43.7x | 1.1x |
| Sun, 01 Feb 2026 | HK$3.6t | HK$2.9t | HK$76.3b | 17.7x | 47.2x | 1.2x |
| Tue, 30 Dec 2025 | HK$3.4t | HK$2.9t | HK$77.1b | 15.6x | 44.1x | 1.2x |
| Thu, 27 Nov 2025 | HK$3.3t | HK$2.9t | HK$77.3b | 16.5x | 43.1x | 1.2x |
| Sat, 25 Oct 2025 | HK$3.8t | HK$2.8t | HK$66.6b | 17.7x | 57.3x | 1.3x |
| Mon, 22 Sep 2025 | HK$4.0t | HK$2.8t | HK$67.3b | 19.1x | 60x | 1.4x |
| Wed, 20 Aug 2025 | HK$3.5t | HK$2.7t | HK$56.6b | 20.3x | 62x | 1.3x |
| Fri, 18 Jul 2025 | HK$3.4t | HK$2.7t | HK$55.2b | 16.4x | 61.2x | 1.2x |
| Sun, 15 Jun 2025 | HK$3.1t | HK$2.7t | HK$52.5b | 13.6x | 58.1x | 1.1x |
| Tue, 13 May 2025 | HK$3.1t | HK$2.6t | HK$46.0b | 13.9x | 67.6x | 1.2x |
| Thu, 10 Apr 2025 | HK$2.6t | HK$2.6t | HK$45.4b | 12.8x | 58.1x | 1x |
| Sat, 08 Mar 2025 | HK$3.3t | HK$2.5t | HK$34.8b | 13.1x | 96.1x | 1.4x |
| Mon, 03 Feb 2025 | HK$2.6t | HK$2.4t | HK$36.0b | 11.6x | 71.8x | 1.1x |
| Wed, 01 Jan 2025 | HK$2.5t | HK$2.4t | HK$36.0b | 11.6x | 68.7x | 1x |
| Fri, 29 Nov 2024 | HK$2.1t | HK$2.4t | HK$37.5b | 11x | 56.9x | 0.9x |
| Sun, 27 Oct 2024 | HK$2.1t | HK$2.4t | HK$33.7b | 11.7x | 63.6x | 0.9x |
| Tue, 24 Sep 2024 | HK$1.6t | HK$2.4t | HK$34.3b | 10.5x | 46.5x | 0.7x |
| Thu, 22 Aug 2024 | HK$1.6t | HK$2.3t | HK$39.8b | 11.2x | 40x | 0.7x |
| Sat, 20 Jul 2024 | HK$1.6t | HK$2.3t | HK$44.7b | 12x | 36.4x | 0.7x |
| Mon, 17 Jun 2024 | HK$1.7t | HK$2.3t | HK$42.2b | 13x | 40x | 0.7x |
| Wed, 15 May 2024 | HK$1.7t | HK$2.2t | HK$40.8b | 12.3x | 42.3x | 0.8x |
| Fri, 12 Apr 2024 | HK$1.5t | HK$2.3t | HK$44.6b | 11.3x | 34x | 0.7x |
| Sun, 10 Mar 2024 | HK$1.5t | HK$2.2t | HK$64.0b | 9.8x | 22.8x | 0.6x |
| Tue, 06 Feb 2024 | HK$1.3t | HK$2.3t | HK$65.6b | 9x | 19.2x | 0.6x |
| Thu, 04 Jan 2024 | HK$1.6t | HK$2.3t | HK$66.1b | 9.8x | 23.8x | 0.7x |
| Sat, 02 Dec 2023 | HK$1.6t | HK$2.3t | HK$66.4b | 10.4x | 24.2x | 0.7x |
| Mon, 30 Oct 2023 | HK$1.5t | HK$2.3t | HK$70.9b | 10x | 21.7x | 0.7x |
| Wed, 27 Sep 2023 | HK$1.4t | HK$2.3t | HK$70.7b | 10.4x | 20.4x | 0.6x |
| Fri, 25 Aug 2023 | HK$1.6t | HK$2.3t | HK$75.4b | 10x | 20.9x | 0.7x |
| Sun, 23 Jul 2023 | HK$1.5t | HK$2.4t | HK$82.0b | 9.8x | 18.8x | 0.7x |
| Tue, 20 Jun 2023 | HK$1.7t | HK$2.4t | HK$82.6b | 8.8x | 20.1x | 0.7x |
| Thu, 18 May 2023 | HK$1.6t | HK$2.5t | HK$79.8b | 8.6x | 20.3x | 0.7x |
| Sat, 15 Apr 2023 | HK$1.8t | HK$2.5t | HK$81.4b | 9.5x | 22.1x | 0.7x |
| Mon, 13 Mar 2023 | HK$1.7t | HK$2.5t | HK$73.6b | 8.5x | 23.2x | 0.7x |
Price to Earnings Ratio
23.2x
Current Industry PE
- Investors are relatively neutral on the Hong Kong Information Technology 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 43.5x.
- The 3-year average PS ratio of 0.91x is lower than the industry's current PS ratio of 1.1x.
Past Earnings Growth
- The earnings for companies in the Information Technology industry have remained mostly flat over the last three years.
- Meanwhile revenues for these companies have grown 5.3% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased and as a result, profits have held steady.
Industry Trends
Which industries have driven the changes within the Hong Kong Tech sector?
| HK Market | -2.36% | |
| Tech | -7.07% | |
| Communications | 2.73% | |
| IT | -4.40% | |
| Electronic Equipment and Components | -6.24% | |
| Tech Hardware | -7.69% | |
| Semiconductors | -8.40% | |
| Software | -9.23% | |
Industry PE
- Investors are most optimistic about the IT industry which is trading above its 3-year average PE ratio of 42.2x.
- Analysts are expecting annual earnings growth of 61.5%, which is higher than its past year's earnings growth of 4.1% per year.
Forecasted Growth
- Analysts are most optimistic on the IT industry, expecting annual earnings growth of 61% over the next 5 years.
- This is better than its past earnings growth rate of 4.1% per year.
- In contrast, the Tech Hardware industry is expected to see its earnings grow by 13% 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 | |
|---|---|---|---|---|---|
| 6869 Yangtze Optical Fibre And Cable Limited | HK$150.20 | 11.1% +HK$12.3b | 672.6% | PE190x | |
| 2635 Nuobikan Artificial Intelligence Technology (Chengdu) | HK$526.00 | 25.5% +HK$4.1b | n/a | PE167.6x | |
| 100 MiniMax Group | HK$800.00 | 1.5% +HK$3.6b | n/a | PS400.2x | |
| 1384 Deepexi Technology | HK$118.00 | 6.6% +HK$2.4b | n/a | PS108x | |
| 3396 Legend Holdings | HK$9.34 | 2.6% +HK$565.5m | -0.3% | PE35.5x |
