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Hong Kong (HSI) Tech Sector Analysis

UpdatedFeb 27, 2026
DataAggregated Company Financials
Companies219
  • 7D-1.2%
  • 3M2.8%
  • 1Y-3.6%
  • YTD1.2%

Over the last 7 days, the Tech industry has remained flat, although notably Knowledge Atlas Technology gained 9.5%. Unfortunately though, the industry is down 5.2% over the past 12 months. Earnings are forecast to grow by 30% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 27 Feb 2026HK$3.7tHK$3.0tHK$76.0b16.5x48.5x1.2x
Sun, 25 Jan 2026HK$3.6tHK$2.9tHK$76.1b18.4x47.8x1.2x
Tue, 23 Dec 2025HK$3.4tHK$2.9tHK$77.1b15.9x44x1.2x
Thu, 20 Nov 2025HK$3.4tHK$2.9tHK$74.7b16.4x45.3x1.2x
Sat, 18 Oct 2025HK$3.6tHK$2.8tHK$66.6b17.4x54.7x1.3x
Mon, 15 Sep 2025HK$3.9tHK$2.8tHK$67.3b19x57.3x1.4x
Wed, 13 Aug 2025HK$3.4tHK$2.7tHK$54.3b19.2x63.1x1.3x
Fri, 11 Jul 2025HK$3.3tHK$2.7tHK$55.3b16.3x60x1.2x
Sun, 08 Jun 2025HK$3.1tHK$2.7tHK$52.5b13.6x58.7x1.1x
Tue, 06 May 2025HK$3.1tHK$2.6tHK$44.9b13.4x70x1.2x
Thu, 03 Apr 2025HK$3.0tHK$2.6tHK$45.5b14.3x64.9x1.1x
Sat, 01 Mar 2025HK$3.2tHK$2.4tHK$38.3b12.5x83.4x1.3x
Mon, 27 Jan 2025HK$2.6tHK$2.4tHK$35.7b12.4x72.7x1.1x
Wed, 25 Dec 2024HK$2.3tHK$2.4tHK$37.1b11.5x62.3x1x
Fri, 22 Nov 2024HK$2.2tHK$2.4tHK$37.5b11.9x57.9x0.9x
Sun, 20 Oct 2024HK$2.1tHK$2.4tHK$33.7b11.6x62.4x0.9x
Tue, 17 Sep 2024HK$1.5tHK$2.4tHK$34.2b10.3x45.1x0.6x
Thu, 15 Aug 2024HK$1.5tHK$2.3tHK$43.8b11.2x35.3x0.7x
Sat, 13 Jul 2024HK$1.7tHK$2.3tHK$44.7b12x37.6x0.7x
Mon, 10 Jun 2024HK$1.7tHK$2.3tHK$42.2b12.2x39.8x0.7x
Wed, 08 May 2024HK$1.7tHK$2.3tHK$43.1b12.2x38.3x0.7x
Fri, 05 Apr 2024HK$1.5tHK$2.3tHK$44.6b11.3x33.9x0.7x
Sun, 03 Mar 2024HK$1.4tHK$2.3tHK$64.0b9.1x22.5x0.6x
Tue, 30 Jan 2024HK$1.4tHK$2.3tHK$66.1b9.4x21.2x0.6x
Thu, 28 Dec 2023HK$1.6tHK$2.3tHK$66.3b9.9x24.2x0.7x
Sat, 25 Nov 2023HK$1.6tHK$2.3tHK$72.6b10.5x22.3x0.7x
Mon, 23 Oct 2023HK$1.5tHK$2.3tHK$70.9b10.1x21.4x0.7x
Wed, 20 Sep 2023HK$1.5tHK$2.3tHK$70.8b10.5x21.7x0.7x
Fri, 18 Aug 2023HK$1.5tHK$2.4tHK$79.0b10.6x19.3x0.6x
Sun, 16 Jul 2023HK$1.6tHK$2.4tHK$82.2b10x19.6x0.7x
Tue, 13 Jun 2023HK$1.6tHK$2.4tHK$82.9b8.7x19x0.7x
Thu, 11 May 2023HK$1.6tHK$2.5tHK$81.3b9.3x19.9x0.6x
Sat, 08 Apr 2023HK$1.8tHK$2.5tHK$81.5b10.1x22.2x0.7x
Mon, 06 Mar 2023HK$1.8tHK$2.5tHK$74.4b9x24.4x0.7x
Price to Earnings Ratio

24.4x


Total Market Cap: HK$1.8tTotal Earnings: HK$74.4bTotal Revenue: HK$2.5tTotal Market Cap vs Earnings and Revenue0%0%0%
Hong Kong Tech Sector Price to Earnings3Y Average 43.4x202420252026
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 48.9x which is higher than its 3-year average PE of 43.4x.
  • The 3-year average PS ratio of 0.91x 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 5.4% 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-0.83%
Tech-1.19%
Communications10.00%
Electronic Equipment and Components6.79%
IT0.27%
Semiconductors-1.67%
Tech Hardware-3.02%
Software-9.96%
Industry PE
  • Investors are most optimistic about the IT industry which is trading above its 3-year average PE ratio of 42.0x.
    • Analysts are expecting annual earnings growth of 64.5%, 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 65% 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?

CompanyLast Price7D1YValuation
2513 Knowledge Atlas TechnologyHK$556.509.5%
+HK$21.6b		n/aPS473.3x
6869 Yangtze Optical Fibre And Cable LimitedHK$135.2017.6%
+HK$16.6b		542.3%PE169.7x
1888 Kingboard Laminates HoldingsHK$24.2824.1%
+HK$14.8b		146.5%PE49.7x
6088 FIT Hon TengHK$6.7022.0%
+HK$8.6b		98.2%PE39.8x
6082 Shanghai Biren TechnologyHK$39.208.1%
+HK$7.2b		n/aPS234.6x

Latest News

6088
HK$6.70
FIT Hon Teng
7D
22.0%
1Y
98.2%
1888
HK$24.28
Kingboard Laminates Holdings
7D
24.1%
1Y
146.5%
1810
HK$35.18
Xiaomi
7D
-4.0%
1Y
-33.7%
148
HK$40.80
Kingboard Holdings
7D
13.7%
1Y
76.2%
522
HK$114.00
ASMPT
7D
10.4%
1Y
75.5%

522: CEO Transition And Higher Margin Assumptions Will Heighten Downside Risk

Analysts have raised their ASMPT price target slightly to HK$73.70, reflecting small adjustments to their assumptions on the discount rate, revenue growth, profit margin and future P/E multiples. What's in the News A board meeting is scheduled for March 3, 2026 to consider and approve the announcement of ASMPT's final results for the year ended December 31, 2025 for publication, and to consider the payment of a final dividend (Key Developments).
981
HK$67.60
Semiconductor Manufacturing International
7D
-3.3%
1Y
17.0%

981: Flat Revenue Outlook And Guided Margins Will Support Fair Balance

Analysts have slightly increased their HK$ fair value estimate for Semiconductor Manufacturing International, raising it from about HK$74.69 to around HK$75.24, reflecting updated assumptions on revenue growth, profit margins and future P/E expectations. What's in the News Issued earnings guidance for the first quarter of 2026, with revenue expected to be flat compared with the prior quarter and gross margin guided to a range of 18% to 20% (Key Developments).
2706
HK$104.00
Beijing Haizhi Technology Group
7D
-13.3%
1Y
n/a
268
HK$9.88
Kingdee International Software Group
7D
-11.5%
1Y
-25.8%

Kingdee International Software Group Company Limited's (HKG:268) Popularity With Investors Under Threat As Stock Sinks 28%

Feb 11
Kingdee International Software Group Company Limited's (HKG:268) Popularity With Investors Under Threat As Stock Sinks 28%
100
HK$788.50
MiniMax Group
7D
-6.9%
1Y
n/a
6869
HK$135.20
Yangtze Optical Fibre And Cable Limited
7D
17.6%
1Y
542.3%
2513
HK$556.50
Knowledge Atlas Technology
7D
9.5%
1Y
n/a
20
HK$2.44
SenseTime Group
7D
-7.6%
1Y
37.1%

Subdued Growth No Barrier To SenseTime Group Inc. (HKG:20) With Shares Advancing 26%

Jan 16
Subdued Growth No Barrier To SenseTime Group Inc. (HKG:20) With Shares Advancing 26%
6082
HK$39.20
Shanghai Biren Technology
7D
8.1%
1Y
n/a
2577
HK$69.50
InnoScience (Suzhou) Technology Holding
7D
10.7%
1Y
18.2%
6651
HK$53.75
Beijing 51World Digital Twin Technology
7D
-16.6%
1Y
n/a
9660
HK$8.16
Horizon Robotics
7D
-9.7%
1Y
-15.4%