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Hong Kong (HSI) Tech Sector Analysis

UpdatedMar 16, 2026
DataAggregated Company Financials
Companies219
  • 7D0.7%
  • 3M-3.0%
  • 1Y-6.1%
  • YTD-4.8%

Over the last 7 days, the Tech industry has remained flat, although notably Xiaomi gained 5.2%. Unfortunately though, the industry is down 6.1% over the past 12 months. 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?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 18 Mar 2026HK$3.5tHK$3.0tHK$78.7b15.5x44x1.2x
Fri, 13 Feb 2026HK$3.7tHK$2.9tHK$76.6b16x47.8x1.2x
Sun, 11 Jan 2026HK$3.6tHK$2.9tHK$76.3b16.2x46.9x1.2x
Tue, 09 Dec 2025HK$3.5tHK$2.9tHK$76.9b16.2x45.6x1.2x
Thu, 06 Nov 2025HK$3.6tHK$2.8tHK$66.8b16.5x53.4x1.3x
Sat, 04 Oct 2025HK$4.3tHK$2.8tHK$66.8b20x64x1.5x
Mon, 01 Sep 2025HK$3.8tHK$2.8tHK$68.0b19x55.3x1.3x
Wed, 30 Jul 2025HK$3.5tHK$2.7tHK$55.2b16.9x62.6x1.3x
Fri, 27 Jun 2025HK$3.3tHK$2.7tHK$55.7b14.6x58.6x1.2x
Sun, 25 May 2025HK$3.1tHK$2.7tHK$45.1b13.6x68.5x1.2x
Tue, 22 Apr 2025HK$2.7tHK$2.6tHK$45.7b13.2x59.9x1.1x
Thu, 20 Mar 2025HK$3.4tHK$2.5tHK$37.3b12.9x91x1.4x
Sat, 15 Feb 2025HK$3.0tHK$2.4tHK$35.9b12.6x83.7x1.2x
Mon, 13 Jan 2025HK$2.3tHK$2.1tHK$14.8b11x159x1.1x
Wed, 11 Dec 2024HK$2.3tHK$2.4tHK$37.2b11x61.9x0.9x
Fri, 08 Nov 2024HK$2.2tHK$2.4tHK$32.4b12.2x68.6x0.9x
Sun, 06 Oct 2024HK$2.1tHK$2.4tHK$34.1b11.6x61.2x0.9x
Tue, 03 Sep 2024HK$1.6tHK$2.4tHK$34.3b9.8x46.7x0.7x
Thu, 01 Aug 2024HK$1.6tHK$2.3tHK$45.1b11.7x34.8x0.7x
Sat, 29 Jun 2024HK$1.7tHK$2.3tHK$44.9b11.6x36.8x0.7x
Mon, 27 May 2024HK$1.7tHK$2.3tHK$41.9b12x39.5x0.7x
Wed, 24 Apr 2024HK$1.5tHK$2.3tHK$43.6b10.9x33.3x0.6x
Fri, 22 Mar 2024HK$1.5tHK$2.2tHK$51.8b10.5x29.6x0.7x
Sun, 18 Feb 2024HK$1.4tHK$2.3tHK$64.3b9.4x21.3x0.6x
Tue, 16 Jan 2024HK$1.5tHK$2.3tHK$66.2b9.5x23x0.7x
Thu, 14 Dec 2023HK$1.6tHK$2.3tHK$66.3b9.3x23.8x0.7x
Sat, 11 Nov 2023HK$1.6tHK$2.3tHK$70.3b10.3x22.8x0.7x
Mon, 09 Oct 2023HK$1.5tHK$2.3tHK$71.0b9.9x20.6x0.6x
Wed, 06 Sep 2023HK$1.6tHK$2.3tHK$70.8b10.7x22.4x0.7x
Fri, 04 Aug 2023HK$1.6tHK$2.4tHK$81.1b10.4x19.8x0.7x
Sun, 02 Jul 2023HK$1.6tHK$2.4tHK$82.2b10.3x19.2x0.7x
Tue, 30 May 2023HK$1.6tHK$2.4tHK$83.0b8.5x18.7x0.6x
Thu, 27 Apr 2023HK$1.7tHK$2.5tHK$81.2b8.9x20.4x0.7x
Sat, 25 Mar 2023HK$1.8tHK$2.5tHK$74.0b8.5x23.9x0.7x
Price to Earnings Ratio

23.9x


Total Market Cap: HK$1.8tTotal Earnings: HK$74.0bTotal Revenue: HK$2.5tTotal Market Cap vs Earnings and Revenue0%0%0%
Hong Kong Tech Sector Price to Earnings3Y Average 43.8x202420252026
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 43.7x.
  • The 3-year average PS ratio of 0.92x 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 grown 3.5% per year over the last three years.
  • Revenues for these companies have grown 5.2% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

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

HK Market-0.31%
Tech0.68%
IT11.77%
Communications8.72%
Electronic Equipment and Components1.56%
Semiconductors0.10%
Tech Hardware-0.38%
Software-4.08%
Industry PE
  • Investors are most optimistic about the IT industry which is trading above its 3-year average PE ratio of 42.6x.
    • Analysts are expecting annual earnings growth of 71.7%, 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 72% 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?

CompanyLast Price7D1YValuation
1810 XiaomiHK$35.365.2%
+HK$44.8b		-38.7%PE18.2x
6651 Beijing 51World Digital Twin TechnologyHK$59.0025.0%
+HK$4.8b		n/aPS68.4x
2477 WellCell HoldingsHK$14.9823.5%
+HK$2.9b		30.3%PE768.3x
2635 Nuobikan Artificial Intelligence Technology (Chengdu)HK$53.8014.4%
+HK$2.6b		n/aPE171.3x
6088 FIT Hon TengHK$6.075.7%
+HK$2.3b		109.3%PE35.2x

Latest News

1888
HK$23.00
Kingboard Laminates Holdings
7D
1.5%
1Y
134.0%
2477
HK$14.98
WellCell Holdings
7D
23.5%
1Y
30.3%
2577
HK$59.40
InnoScience (Suzhou) Technology Holding
7D
-10.0%
1Y
19.6%
981
HK$61.85
Semiconductor Manufacturing International
7D
-3.7%
1Y
19.6%
2635
HK$53.80
Nuobikan Artificial Intelligence Technology (Chengdu)
7D
14.4%
1Y
n/a
100
HK$1,033.00
MiniMax Group
7D
-15.3%
1Y
n/a

Colleague Level AI Agents And Multimodal Content Will Support A Fair Long Term Outlook

Catalysts About MiniMax Group MiniMax Group develops large scale AI models and agent products across language, video, speech and music for global enterprises, developers and consumers. What are the underlying business or industry changes driving this perspective?
6869
HK$140.00
Yangtze Optical Fibre And Cable Limited
7D
-20.8%
1Y
631.5%
6651
HK$59.00
Beijing 51World Digital Twin Technology
7D
25.0%
1Y
n/a
6088
HK$6.07
FIT Hon Teng
7D
5.7%
1Y
109.3%
1384
HK$45.70
Deepexi Technology
7D
-48.7%
1Y
n/a
1347
HK$91.35
Hua Hong Semiconductor
7D
0.8%
1Y
137.0%

1347: Elevated P/E Will Face Scrutiny At Upcoming Shareholder Meeting

Analysts have nudged their HK$ price target for Hua Hong Semiconductor slightly higher, citing updated assumptions for discount rate, revenue growth, profit margin, and future P/E that together indicate a modestly stronger risk and earnings profile in their models. What's in the News Hua Hong Semiconductor issued earnings guidance for the first quarter of 2026, with revenue expected to be approximately US$650 million to US$660 million (company guidance).
20
HK$2.06
SenseTime Group
7D
-12.3%
1Y
19.8%
1810
HK$35.36
Xiaomi
7D
5.2%
1Y
-38.7%

1810: Auto Sector Weakness And Crypto Alliance Will Shape Future Returns

Narrative Update Analysts have trimmed their Xiaomi price target slightly to HK$30.52 from HK$31.23, reflecting updated assumptions for somewhat lower profit margins and fair value, partly offset by a higher expected P/E multiple and revenue growth outlook following recent sector research on Chinese carmakers and Xiaomi's role in that ecosystem. Analyst Commentary Recent sector commentary on Chinese carmakers has contributed to a more cautious tone around Xiaomi's auto exposure and broader growth expectations.
2382
HK$57.45
Sunny Optical Technology (Group)
7D
2.4%
1Y
-35.0%
9903
HK$285.40
Shanghai Iluvatar CoreX Semiconductor
7D
-15.6%
1Y
n/a
2513
HK$621.50
Knowledge Atlas Technology
7D
-4.2%
1Y
n/a