FIT Hon Teng Limited (HKG:6088) Stocks Shoot Up 30% But Its P/E Still Looks Reasonable
Feb 11
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Hong Kong (HSI) Tech Sector Analysis
UpdatedFeb 12, 2026
DataAggregated Company Financials
Companies218
- 7D5.3%
- 3M-3.0%
- 1Y11.7%
- YTD1.3%
Over the last 7 days, the Tech industry has risen 2.4%, driven by gains from Xiaomi of 9.2%. During this same period, the Beijing 51World Digital Twin Technology underperformed, falling 32%. In the last 12 months, the industry was up 15%. As for the next few years, earnings are expected to grow by 29% per annum.
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 |
|---|---|---|---|---|---|---|
| Thu, 12 Feb 2026 | HK$3.6t | HK$2.9t | HK$76.7b | 16.3x | 47.4x | 1.2x |
| Sat, 10 Jan 2026 | HK$3.6t | HK$2.9t | HK$76.3b | 16.2x | 46.9x | 1.2x |
| Mon, 08 Dec 2025 | HK$3.5t | HK$2.9t | HK$76.9b | 16.1x | 45.1x | 1.2x |
| Wed, 05 Nov 2025 | HK$3.6t | HK$2.8t | HK$66.8b | 16.7x | 53.8x | 1.3x |
| Fri, 03 Oct 2025 | HK$4.3t | HK$2.8t | HK$66.8b | 20.3x | 64.2x | 1.5x |
| Sun, 31 Aug 2025 | HK$3.8t | HK$2.8t | HK$70.1b | 19.9x | 53.6x | 1.4x |
| Tue, 29 Jul 2025 | HK$3.5t | HK$2.7t | HK$55.2b | 16.9x | 63x | 1.3x |
| Thu, 26 Jun 2025 | HK$3.3t | HK$2.7t | HK$52.7b | 14.4x | 62x | 1.2x |
| Sat, 24 May 2025 | HK$3.1t | HK$2.6t | HK$46.3b | 13.6x | 66.6x | 1.2x |
| Mon, 21 Apr 2025 | HK$2.7t | HK$2.6t | HK$45.7b | 13.2x | 60x | 1.1x |
| Wed, 19 Mar 2025 | HK$3.4t | HK$2.5t | HK$35.7b | 13x | 94.7x | 1.4x |
| Fri, 14 Feb 2025 | HK$2.9t | HK$2.4t | HK$35.9b | 12.4x | 80.4x | 1.2x |
| Sun, 12 Jan 2025 | HK$2.3t | HK$2.4t | HK$35.3b | 11.3x | 66.4x | 1x |
| Tue, 10 Dec 2024 | HK$2.3t | HK$2.4t | HK$37.2b | 11.5x | 62.5x | 1x |
| Thu, 07 Nov 2024 | HK$2.2t | HK$2.4t | HK$32.4b | 12.3x | 67.9x | 0.9x |
| Sat, 05 Oct 2024 | HK$2.1t | HK$2.4t | HK$34.1b | 11.6x | 61.3x | 0.9x |
| Mon, 02 Sep 2024 | HK$1.6t | HK$2.4t | HK$34.4b | 9.9x | 47.5x | 0.7x |
| Wed, 31 Jul 2024 | HK$1.5t | HK$2.3t | HK$45.0b | 11.2x | 33.8x | 0.7x |
| Fri, 28 Jun 2024 | HK$1.6t | HK$2.3t | HK$44.8b | 12x | 36.7x | 0.7x |
| Sun, 26 May 2024 | HK$1.7t | HK$2.3t | HK$41.9b | 12x | 39.5x | 0.7x |
| Tue, 23 Apr 2024 | HK$1.4t | HK$2.3t | HK$44.5b | 11.1x | 32.2x | 0.6x |
| Thu, 21 Mar 2024 | HK$1.5t | HK$2.2t | HK$52.4b | 10.5x | 29.3x | 0.7x |
| Sat, 17 Feb 2024 | HK$1.4t | HK$2.3t | HK$64.6b | 9.3x | 21.2x | 0.6x |
| Mon, 15 Jan 2024 | HK$1.5t | HK$2.3t | HK$66.2b | 9.5x | 23.2x | 0.7x |
| Wed, 13 Dec 2023 | HK$1.6t | HK$2.3t | HK$66.3b | 9.7x | 23.8x | 0.7x |
| Fri, 10 Nov 2023 | HK$1.7t | HK$2.3t | HK$71.1b | 10.5x | 23.3x | 0.7x |
| Sun, 08 Oct 2023 | HK$1.5t | HK$2.3t | HK$71.0b | 9.9x | 20.6x | 0.6x |
| Tue, 05 Sep 2023 | HK$1.6t | HK$2.3t | HK$70.9b | 10.3x | 23x | 0.7x |
| Thu, 03 Aug 2023 | HK$1.6t | HK$2.4t | HK$81.0b | 10.4x | 19.6x | 0.7x |
| Sat, 01 Jul 2023 | HK$1.6t | HK$2.4t | HK$82.0b | 9.7x | 19.2x | 0.7x |
| Mon, 29 May 2023 | HK$1.6t | HK$2.4t | HK$83.1b | 8.4x | 18.7x | 0.6x |
| Wed, 26 Apr 2023 | HK$1.7t | HK$2.5t | HK$81.1b | 9x | 20.4x | 0.7x |
| Fri, 24 Mar 2023 | HK$1.8t | HK$2.6t | HK$71.0b | 8.5x | 24.7x | 0.7x |
| Sun, 19 Feb 2023 | HK$1.8t | HK$2.5t | HK$74.8b | 8.7x | 23.9x | 0.7x |
Price to Earnings Ratio
23.9x
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 47.0x which is higher than its 3-year average PE of 43.0x.
- The 3-year average PS ratio of 0.90x is lower than the industry's current PS ratio of 1.2x.
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 4.9% 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 | 2.02% | |
| Tech | 5.26% | |
| Communications | 10.47% | |
| Tech Hardware | 8.62% | |
| IT | 7.95% | |
| Electronic Equipment and Components | 5.18% | |
| Semiconductors | 2.41% | |
| Software | 1.97% | |
Industry PE
- Investors are most optimistic about the IT industry which is trading above its 3-year average PE ratio of 41.5x.
- Analysts are expecting annual earnings growth of 58.3%, 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 58% 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 14% 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 | |
|---|---|---|---|---|---|
| 1810 Xiaomi | HK$37.10 | 9.2% +HK$81.4b | -15.9% | PE19.3x | |
| 2513 Knowledge Atlas Technology | HK$312.40 | 37.5% +HK$38.0b | n/a | PS268.6x | |
| 6869 Yangtze Optical Fibre And Cable Limited | HK$107.50 | 16.1% +HK$12.2b | 467.6% | PE136.4x | |
| 1888 Kingboard Laminates Holdings | HK$18.78 | 25.4% +HK$11.9b | 133.0% | PE38.4x | |
| 9660 Horizon Robotics | HK$8.68 | 9.0% +HK$10.5b | 47.9% | PE50.8x |
