Kingboard Holdings (HKG:148) Will Pay A Dividend Of HK$0.69
Aug 27
Have your own idea? Try our Stock Screener
Hong Kong (HSI) Tech Sector Analysis
UpdatedAug 28, 2025
DataAggregated Company Financials
Companies210
- 7D3.3%
- 3M19.7%
- 1Y115.7%
- YTD52.9%
Over the last 7 days, the Tech industry has risen 4.3%, driven by gains from Semiconductor Manufacturing International of 8.3%. Meanwhile, AAC Technologies Holdings actually underperformed within the industry, shrinking 12% in the last week. In the last 12 months, the industry was up 115%. Earnings are forecast to grow by 26% 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 |
|---|---|---|---|---|---|---|
| Thu, 28 Aug 2025 | HK$3.6t | HK$2.8t | HK$70.7b | 21.3x | 51.6x | 1.3x |
| Sat, 26 Jul 2025 | HK$3.5t | HK$2.7t | HK$55.3b | 16.6x | 63.4x | 1.3x |
| Mon, 23 Jun 2025 | HK$3.1t | HK$2.7t | HK$52.7b | 14.1x | 58.7x | 1.1x |
| Wed, 21 May 2025 | HK$3.2t | HK$2.6t | HK$46.2b | 13.6x | 68.5x | 1.2x |
| Fri, 18 Apr 2025 | HK$2.7t | HK$2.6t | HK$45.6b | 13.2x | 60.1x | 1.1x |
| Sun, 16 Mar 2025 | HK$3.3t | HK$2.4t | HK$35.6b | 13x | 91.3x | 1.3x |
| Tue, 11 Feb 2025 | HK$3.0t | HK$2.4t | HK$35.9b | 12.7x | 82.6x | 1.2x |
| Thu, 09 Jan 2025 | HK$2.3t | HK$2.4t | HK$35.5b | 11.3x | 65.3x | 1x |
| Sat, 07 Dec 2024 | HK$2.3t | HK$2.4t | HK$37.2b | 11x | 60.7x | 0.9x |
| Mon, 04 Nov 2024 | HK$2.1t | HK$2.4t | HK$32.5b | 12x | 65.7x | 0.9x |
| Wed, 02 Oct 2024 | HK$1.9t | HK$2.4t | HK$34.2b | 10.6x | 55.9x | 0.8x |
| Fri, 30 Aug 2024 | HK$1.6t | HK$2.4t | HK$41.8b | 9.9x | 38.6x | 0.7x |
| Sun, 28 Jul 2024 | HK$1.5t | HK$2.3t | HK$45.0b | 11.5x | 34.4x | 0.7x |
| Tue, 25 Jun 2024 | HK$1.7t | HK$2.3t | HK$41.9b | 12x | 40.7x | 0.8x |
| Thu, 23 May 2024 | HK$1.7t | HK$2.2t | HK$40.9b | 12.1x | 42.4x | 0.8x |
| Sat, 20 Apr 2024 | HK$1.5t | HK$2.3t | HK$44.5b | 11.1x | 33.1x | 0.7x |
| Mon, 18 Mar 2024 | HK$1.5t | HK$2.2t | HK$50.9b | 10.2x | 29.7x | 0.7x |
| Wed, 14 Feb 2024 | HK$1.3t | HK$2.3t | HK$64.3b | 9.4x | 20.4x | 0.6x |
| Fri, 12 Jan 2024 | HK$1.5t | HK$2.3t | HK$66.2b | 9.6x | 22.9x | 0.7x |
| Sun, 10 Dec 2023 | HK$1.5t | HK$2.3t | HK$66.3b | 9.8x | 23.4x | 0.7x |
| Tue, 07 Nov 2023 | HK$1.7t | HK$2.3t | HK$71.3b | 11x | 23.3x | 0.7x |
| Thu, 05 Oct 2023 | HK$1.5t | HK$2.3t | HK$70.9b | 10x | 21.1x | 0.7x |
| Sat, 02 Sep 2023 | HK$1.6t | HK$2.3t | HK$71.1b | 10.7x | 22.4x | 0.7x |
| Mon, 31 Jul 2023 | HK$1.6t | HK$2.4t | HK$81.4b | 9.9x | 19.9x | 0.7x |
| Wed, 28 Jun 2023 | HK$1.6t | HK$2.4t | HK$82.7b | 9.1x | 19.1x | 0.7x |
| Fri, 26 May 2023 | HK$1.6t | HK$2.5t | HK$80.1b | 8.6x | 19.4x | 0.6x |
| Sun, 23 Apr 2023 | HK$1.7t | HK$2.5t | HK$81.2b | 9.6x | 21.3x | 0.7x |
| Tue, 21 Mar 2023 | HK$1.7t | HK$2.5t | HK$72.1b | 8.2x | 23.1x | 0.7x |
| Thu, 16 Feb 2023 | HK$1.8t | HK$2.6t | HK$76.5b | 8.7x | 23.9x | 0.7x |
| Sat, 14 Jan 2023 | HK$1.8t | HK$2.6t | HK$76.4b | 8.3x | 23.2x | 0.7x |
| Mon, 12 Dec 2022 | HK$1.7t | HK$2.5t | HK$76.3b | 8.3x | 22.6x | 0.7x |
| Wed, 09 Nov 2022 | HK$1.6t | HK$2.5t | HK$77.4b | 8x | 20.7x | 0.6x |
| Fri, 07 Oct 2022 | HK$1.5t | HK$2.5t | HK$77.2b | 8.1x | 19.3x | 0.6x |
| Sun, 04 Sep 2022 | HK$1.6t | HK$2.6t | HK$79.2b | 8.7x | 20.7x | 0.6x |
Price to Earnings Ratio
20.7x
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 52.1x which is higher than its 3-year average PE of 38.4x.
- The 3-year average PS ratio of 0.80x is lower than the industry's current PS ratio of 1.3x.
Past Earnings Growth
- The earnings for companies in the Information Technology industry have declined 3.9% per year over the last three years.
- Meanwhile revenues for these companies have grown 2.5% 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, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Hong Kong Tech sector?
| HK Market | -0.53% | |
| Tech | 3.27% | |
| Software | 10.00% | |
| Semiconductors | 7.67% | |
| Communications | 2.85% | |
| IT | 1.25% | |
| Tech Hardware | 1.10% | |
| Electronic Equipment and Components | -2.44% | |
Industry PE
- Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 395x.
- Analysts are expecting annual earnings growth of 34.7%, which is higher than its past year's earnings decline of 35.0% per year.
Forecasted Growth
- Analysts are most optimistic on the Software industry, expecting annual earnings growth of 47% over the next 5 years.
- This is better than its past earnings growth rate of 1.5% per year.
- In contrast, the Tech Hardware industry is expected to see its earnings grow by 19% 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 | |
|---|---|---|---|---|---|
| 981 Semiconductor Manufacturing International | HK$56.25 | 8.7% +HK$35.9b | 243.0% | PE100x | |
| 1810 Xiaomi | HK$53.20 | 1.2% +HK$16.9b | 180.6% | PE34.2x | |
| 20 SenseTime Group | HK$2.08 | 18.9% +HK$12.8b | 85.7% | PS19.6x | |
| 1347 Hua Hong Semiconductor | HK$52.75 | 10.9% +HK$9.0b | 212.9% | PE374.3x | |
| 9660 Horizon Robotics | HK$7.94 | 8.5% +HK$8.6b | n/a | PE43.2x |
