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Apr 03
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Hong Kong (HSI) Tech Sector Analysis
UpdatedApr 14, 2026
DataAggregated Company Financials
Companies224
- 7D9.5%
- 3M-3.1%
- 1Y13.6%
- YTD-2.7%
Over the last 7 days, the Tech industry has risen 9.5%, driven by gains from Knowledge Atlas Technology of 23%. In the last 12 months, the industry was up 14%. Earnings are forecast to grow by 34% 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 |
|---|---|---|---|---|---|---|
| Tue, 14 Apr 2026 | HK$3.7t | HK$3.1t | HK$76.7b | 17.2x | 48.1x | 1.2x |
| Thu, 12 Mar 2026 | HK$3.7t | HK$3.0t | HK$78.3b | 16x | 47x | 1.2x |
| Sat, 07 Feb 2026 | HK$3.4t | HK$2.9t | HK$76.4b | 15.7x | 45.1x | 1.2x |
| Mon, 05 Jan 2026 | HK$3.6t | HK$2.9t | HK$77.4b | 15.9x | 46.9x | 1.2x |
| Wed, 03 Dec 2025 | HK$3.4t | HK$2.9t | HK$77.4b | 16.1x | 43.6x | 1.2x |
| Fri, 31 Oct 2025 | HK$3.8t | HK$2.8t | HK$67.1b | 18.1x | 56.5x | 1.3x |
| Sun, 28 Sep 2025 | HK$4.0t | HK$2.8t | HK$67.3b | 18.3x | 59.3x | 1.4x |
| Tue, 26 Aug 2025 | HK$3.7t | HK$2.8t | HK$69.1b | 20.3x | 53x | 1.3x |
| Thu, 24 Jul 2025 | HK$3.4t | HK$2.7t | HK$55.3b | 16.7x | 62.4x | 1.3x |
| Sat, 21 Jun 2025 | HK$3.1t | HK$2.7t | HK$52.7b | 14.1x | 58.7x | 1.1x |
| Mon, 19 May 2025 | HK$3.1t | HK$2.6t | HK$46.1b | 13.8x | 66.4x | 1.2x |
| Wed, 16 Apr 2025 | HK$2.8t | HK$2.6t | HK$45.5b | 13.2x | 61.4x | 1.1x |
| Fri, 14 Mar 2025 | HK$3.2t | HK$2.4t | HK$35.6b | 12.7x | 90x | 1.3x |
| Sun, 09 Feb 2025 | HK$2.9t | HK$2.4t | HK$35.9b | 12.9x | 81.1x | 1.2x |
| Tue, 07 Jan 2025 | HK$2.4t | HK$2.4t | HK$35.5b | 11.4x | 67.9x | 1x |
| Thu, 05 Dec 2024 | HK$2.2t | HK$2.4t | HK$37.2b | 11.2x | 59.5x | 0.9x |
| Sat, 02 Nov 2024 | HK$2.1t | HK$2.4t | HK$32.4b | 12.2x | 65.7x | 0.9x |
| Mon, 30 Sep 2024 | HK$1.8t | HK$2.4t | HK$34.3b | 10.6x | 52.8x | 0.7x |
| Wed, 28 Aug 2024 | HK$1.6t | HK$2.4t | HK$41.1b | 10.8x | 39.4x | 0.7x |
| Fri, 26 Jul 2024 | HK$1.5t | HK$2.3t | HK$44.6b | 11.4x | 34.6x | 0.7x |
| Sun, 23 Jun 2024 | HK$1.7t | HK$2.3t | HK$41.9b | 12x | 41.4x | 0.8x |
| Tue, 21 May 2024 | HK$1.7t | HK$2.2t | HK$40.8b | 12.2x | 42.4x | 0.8x |
| Thu, 18 Apr 2024 | HK$1.5t | HK$2.3t | HK$44.5b | 11.1x | 33x | 0.7x |
| Sat, 16 Mar 2024 | HK$1.5t | HK$2.2t | HK$64.5b | 10.2x | 23.5x | 0.7x |
| Mon, 12 Feb 2024 | HK$1.3t | HK$2.3t | HK$64.4b | 9.3x | 20.3x | 0.6x |
| Wed, 10 Jan 2024 | HK$1.5t | HK$2.3t | HK$66.3b | 9.6x | 23.1x | 0.7x |
| Fri, 08 Dec 2023 | HK$1.5t | HK$2.3t | HK$66.4b | 9.9x | 23.3x | 0.7x |
| Sun, 05 Nov 2023 | HK$1.6t | HK$2.3t | HK$71.1b | 10.5x | 22.8x | 0.7x |
| Tue, 03 Oct 2023 | HK$1.5t | HK$2.3t | HK$71.0b | 10.1x | 21.1x | 0.7x |
| Thu, 31 Aug 2023 | HK$1.6t | HK$2.3t | HK$68.9b | 10.4x | 23.6x | 0.7x |
| Sat, 29 Jul 2023 | HK$1.6t | HK$2.4t | HK$81.4b | 9.9x | 19.9x | 0.7x |
| Mon, 26 Jun 2023 | HK$1.5t | HK$2.4t | HK$82.9b | 9x | 18.6x | 0.6x |
| Wed, 24 May 2023 | HK$1.6t | HK$2.5t | HK$80.1b | 8.7x | 19.8x | 0.6x |
| Fri, 21 Apr 2023 | HK$1.8t | HK$2.5t | HK$81.3b | 9.8x | 22.1x | 0.7x |
Price to Earnings Ratio
22.1x
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 48.1x which is higher than its 3-year average PE of 44.3x.
- The 3-year average PS ratio of 0.93x 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 7.6% 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 | 1.79% | |
| Tech | 9.55% | |
| IT | 36.98% | |
| Semiconductors | 13.66% | |
| Communications | 11.26% | |
| Electronic Equipment and Components | 9.97% | |
| Software | 9.71% | |
| Tech Hardware | -0.021% | |
Industry PE
- Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 388x.
- Analysts are expecting annual earnings growth of 36.1%, which is higher than its past year's earnings decline of 16.2% per year.
Forecasted Growth
- Analysts are most optimistic on the Software industry, expecting annual earnings growth of 81% over the next 5 years.
- This is better than its past earnings decline of 7.6% 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 | |
|---|---|---|---|---|---|
| 2513 Knowledge Atlas Technology | HK$948.00 | 21.7% +HK$75.3b | n/a | PS507.7x | |
| 981 Semiconductor Manufacturing International | HK$57.95 | 13.6% +HK$56.3b | 27.8% | PE86.5x | |
| 3317 Shenzhen Xunce Technology | HK$341.80 | 72.2% +HK$46.2b | n/a | PS74.7x | |
| 9903 Shanghai Iluvatar CoreX Semiconductor | HK$344.60 | 56.8% +HK$31.7b | n/a | PS73.8x | |
| 6869 Yangtze Optical Fibre And Cable Limited | HK$216.40 | 14.5% +HK$22.5b | 1,484.2% | PE190.2x |