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Hong Kong (HSI) Tech Sector Analysis

UpdatedApr 12, 2026
DataAggregated Company Financials
Companies224
  • 7D9.0%
  • 3M-2.0%
  • 1Y14.8%
  • YTD-3.1%

Over the last 7 days, the Tech industry has risen 9.0%, driven by gains from Knowledge Atlas Technology of 20%. This takes the industry's 12 month performance to a gain of 15%. Looking forward, 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?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 12 Apr 2026HK$3.7tHK$3.1tHK$76.7b17.1x47.9x1.2x
Tue, 10 Mar 2026HK$3.4tHK$3.0tHK$77.9b15.7x44.1x1.2x
Thu, 05 Feb 2026HK$3.4tHK$2.9tHK$76.4b16.1x45.1x1.2x
Sat, 03 Jan 2026HK$3.6tHK$2.9tHK$77.5b15.9x46.7x1.2x
Mon, 01 Dec 2025HK$3.4tHK$2.9tHK$77.4b16.3x43.5x1.2x
Wed, 29 Oct 2025HK$3.8tHK$2.8tHK$67.4b17.8x56.8x1.3x
Fri, 26 Sep 2025HK$4.2tHK$2.8tHK$67.3b18.5x62.3x1.5x
Sun, 24 Aug 2025HK$3.6tHK$2.8tHK$69.0b20.9x52.4x1.3x
Tue, 22 Jul 2025HK$3.4tHK$2.7tHK$55.3b16.8x61.9x1.3x
Thu, 19 Jun 2025HK$3.1tHK$2.7tHK$52.5b14x59.1x1.1x
Sat, 17 May 2025HK$3.1tHK$2.6tHK$46.1b13.8x66.4x1.2x
Mon, 14 Apr 2025HK$2.8tHK$2.6tHK$45.6b13.1x62.2x1.1x
Wed, 12 Mar 2025HK$3.3tHK$2.4tHK$35.8b13x92.6x1.4x
Fri, 07 Feb 2025HK$2.8tHK$2.4tHK$35.9b12.4x79.2x1.2x
Sun, 05 Jan 2025HK$2.4tHK$2.4tHK$35.5b11.3x68.1x1x
Tue, 03 Dec 2024HK$2.2tHK$2.4tHK$37.2b11.3x59.4x0.9x
Thu, 31 Oct 2024HK$2.1tHK$2.4tHK$32.6b12.5x65x0.9x
Sat, 28 Sep 2024HK$1.8tHK$2.4tHK$34.4b10.6x52.7x0.7x
Mon, 26 Aug 2024HK$1.6tHK$2.4tHK$41.0b11x39.5x0.7x
Wed, 24 Jul 2024HK$1.6tHK$2.3tHK$44.7b11.3x36.1x0.7x
Fri, 21 Jun 2024HK$1.8tHK$2.3tHK$42.2b12.6x41.8x0.8x
Sun, 19 May 2024HK$1.7tHK$2.2tHK$40.8b12.2x42.2x0.8x
Tue, 16 Apr 2024HK$1.5tHK$2.3tHK$44.6b11.2x33.7x0.7x
Thu, 14 Mar 2024HK$1.6tHK$2.2tHK$64.4b9.8x24.1x0.7x
Sat, 10 Feb 2024HK$1.3tHK$2.3tHK$64.4b9.3x20.5x0.6x
Mon, 08 Jan 2024HK$1.6tHK$2.3tHK$66.2b9.8x23.7x0.7x
Wed, 06 Dec 2023HK$1.5tHK$2.3tHK$66.4b10x23.2x0.7x
Fri, 03 Nov 2023HK$1.6tHK$2.3tHK$71.1b10x22.2x0.7x
Sun, 01 Oct 2023HK$1.5tHK$2.3tHK$70.2b10.1x21.3x0.7x
Tue, 29 Aug 2023HK$1.6tHK$2.3tHK$74.3b10.1x21.2x0.7x
Thu, 27 Jul 2023HK$1.6tHK$2.4tHK$82.1b9.7x19x0.7x
Sat, 24 Jun 2023HK$1.5tHK$2.4tHK$82.9b8.6x18.5x0.6x
Mon, 22 May 2023HK$1.6tHK$2.5tHK$79.9b8.7x20x0.6x
Wed, 19 Apr 2023HK$1.8tHK$2.5tHK$81.3b9.5x22.1x0.7x
Price to Earnings Ratio

22.1x


Total Market Cap: HK$1.8tTotal Earnings: HK$81.3bTotal Revenue: HK$2.5tTotal Market Cap vs Earnings and Revenue0%0%0%
Hong Kong Tech Sector Price to Earnings3Y Average 44.3x202420252026
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 47.8x 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 Market2.27%
Tech9.02%
IT26.86%
Semiconductors14.00%
Communications13.19%
Electronic Equipment and Components8.38%
Software6.61%
Tech Hardware0.70%
Industry PE
  • Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 387x.
    • Analysts are expecting annual earnings growth of 35.3%, 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?

CompanyLast Price7D1YValuation
2513 Knowledge Atlas TechnologyHK$936.0020.2%
+HK$70.0b		n/aPS502.3x
981 Semiconductor Manufacturing InternationalHK$58.2514.2%
+HK$58.0b		24.7%PE86.9x
3317 Shenzhen Xunce TechnologyHK$310.0056.2%
+HK$36.0b		n/aPS67.9x
6869 Yangtze Optical Fibre And Cable LimitedHK$222.4017.7%
+HK$27.5b		1,486.3%PE195.8x
9903 Shanghai Iluvatar CoreX SemiconductorHK$314.8043.2%
+HK$24.2b		n/aPS67.5x

Latest News

981
HK$58.25
Semiconductor Manufacturing International
7D
14.2%
1Y
24.7%
1347
HK$92.00
Hua Hong Semiconductor
7D
15.9%
1Y
167.1%
567
HK$0.28
Daisho Microline Holdings
7D
-38.0%
1Y
78.1%
268
HK$8.25
Kingdee International Software Group
7D
-1.9%
1Y
-33.4%

268: Share Repurchases And Profit Recovery Will Support Future Rerating Despite Downgrade

Analysts have lowered their price target on Kingdee International Software Group to HK$12 from HK$18.21, citing more cautious assumptions on fair value, growth, margins and future P/E after revising revenue and earnings expectations for large and mid-sized enterprise customers. Analyst Commentary Goldman Sachs moved Kingdee to Neutral with a lower price target of HK$12, in line with reduced revenue and earnings expectations for large and mid-sized enterprise customers.
6869
HK$222.40
Yangtze Optical Fibre And Cable Limited
7D
17.7%
1Y
1,486.3%

We Think That There Are Issues Underlying Yangtze Optical Fibre And Cable Limited's (HKG:6869) Earnings

Apr 03
We Think That There Are Issues Underlying Yangtze Optical Fibre And Cable Limited's (HKG:6869) Earnings
2513
HK$936.00
Knowledge Atlas Technology
7D
20.2%
1Y
n/a
9903
HK$314.80
Shanghai Iluvatar CoreX Semiconductor
7D
43.2%
1Y
n/a
2658
HK$42.98
Guangdong Tianyu Semiconductor
7D
-1.4%
1Y
n/a
6687
HK$18.65
JST Group
7D
-4.7%
1Y
n/a
6082
HK$35.30
Shanghai Biren Technology
7D
19.7%
1Y
n/a
6939
HK$1.58
MEGAIN Holding (Cayman)
7D
-17.7%
1Y
259.1%
861
HK$2.01
Digital China Holdings
7D
-3.4%
1Y
-20.2%
2718
HK$204.80
Mininglamp Technology
7D
-0.6%
1Y
n/a
3317
HK$310.00
Shenzhen Xunce Technology
7D
56.2%
1Y
n/a
1782
HK$3.50
International Business Digital Technology
7D
-7.4%
1Y
-34.7%
100
HK$998.00
MiniMax Group
7D
5.1%
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?