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Hong Kong (HSI) Tech Sector Analysis
UpdatedMar 02, 2026
DataAggregated Company Financials
Companies220
- 7D1.3%
- 3M2.9%
- 1Y1.7%
- YTD1.5%
Over the last 7 days, the Tech industry has risen 1.3%, driven by gains from Yangtze Optical Fibre And Cable Limited of 30%. In the same time, Xiaomi was down 9.4%. Despite this gain, the industry's performance has been flat over the past year. Looking forward, 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?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 02 Mar 2026 | HK$3.7t | HK$3.0t | HK$76.9b | 16.7x | 47.9x | 1.2x |
| Wed, 28 Jan 2026 | HK$3.6t | HK$2.9t | HK$76.2b | 18.3x | 47.5x | 1.2x |
| Fri, 26 Dec 2025 | HK$3.4t | HK$2.9t | HK$77.3b | 15.6x | 44.1x | 1.2x |
| Sun, 23 Nov 2025 | HK$3.2t | HK$2.9t | HK$76.2b | 15.5x | 42.4x | 1.1x |
| Tue, 21 Oct 2025 | HK$3.6t | HK$2.8t | HK$66.6b | 17.9x | 54.7x | 1.3x |
| Thu, 18 Sep 2025 | HK$4.0t | HK$2.8t | HK$67.4b | 18.8x | 59.6x | 1.4x |
| Sat, 16 Aug 2025 | HK$3.5t | HK$2.7t | HK$56.8b | 21.7x | 62.5x | 1.3x |
| Mon, 14 Jul 2025 | HK$3.3t | HK$2.7t | HK$55.3b | 16.1x | 60.5x | 1.2x |
| Wed, 11 Jun 2025 | HK$3.1t | HK$2.7t | HK$52.5b | 13.8x | 59.4x | 1.2x |
| Fri, 09 May 2025 | HK$3.1t | HK$2.6t | HK$45.1b | 13.3x | 67.9x | 1.2x |
| Sun, 06 Apr 2025 | HK$2.9t | HK$2.6t | HK$45.7b | 13.9x | 64.2x | 1.1x |
| Tue, 04 Mar 2025 | HK$3.2t | HK$2.4t | HK$34.8b | 12.7x | 90.6x | 1.3x |
| Thu, 30 Jan 2025 | HK$2.6t | HK$2.4t | HK$35.7b | 11.6x | 72.4x | 1.1x |
| Sat, 28 Dec 2024 | HK$2.5t | HK$2.4t | HK$36.0b | 11.5x | 68.5x | 1x |
| Mon, 25 Nov 2024 | HK$2.1t | HK$2.4t | HK$37.5b | 11.3x | 57.2x | 0.9x |
| Wed, 23 Oct 2024 | HK$2.1t | HK$2.4t | HK$33.7b | 11.6x | 62.3x | 0.9x |
| Fri, 20 Sep 2024 | HK$1.6t | HK$2.4t | HK$34.3b | 10.5x | 46.1x | 0.7x |
| Sun, 18 Aug 2024 | HK$1.6t | HK$2.3t | HK$40.3b | 11.9x | 39x | 0.7x |
| Tue, 16 Jul 2024 | HK$1.7t | HK$2.3t | HK$44.7b | 12.1x | 37x | 0.7x |
| Thu, 13 Jun 2024 | HK$1.7t | HK$2.3t | HK$42.2b | 12.2x | 39.8x | 0.7x |
| Sat, 11 May 2024 | HK$1.7t | HK$2.2t | HK$40.9b | 12.5x | 41.6x | 0.8x |
| Mon, 08 Apr 2024 | HK$1.5t | HK$2.3t | HK$44.6b | 11.6x | 33.7x | 0.7x |
| Wed, 06 Mar 2024 | HK$1.4t | HK$2.3t | HK$63.9b | 9.3x | 22.2x | 0.6x |
| Fri, 02 Feb 2024 | HK$1.3t | HK$2.3t | HK$65.7b | 9.4x | 19.4x | 0.6x |
| Sun, 31 Dec 2023 | HK$1.6t | HK$2.3t | HK$66.4b | 10.3x | 24.7x | 0.7x |
| Tue, 28 Nov 2023 | HK$1.6t | HK$2.3t | HK$72.6b | 10.9x | 22.4x | 0.7x |
| Thu, 26 Oct 2023 | HK$1.5t | HK$2.3t | HK$71.4b | 10.1x | 21.2x | 0.7x |
| Sat, 23 Sep 2023 | HK$1.5t | HK$2.3t | HK$70.8b | 10.5x | 21.2x | 0.7x |
| Mon, 21 Aug 2023 | HK$1.5t | HK$2.3t | HK$76.3b | 11.1x | 19.6x | 0.6x |
| Wed, 19 Jul 2023 | HK$1.6t | HK$2.4t | HK$82.0b | 9.9x | 19.4x | 0.7x |
| Fri, 16 Jun 2023 | HK$1.7t | HK$2.4t | HK$82.7b | 8.7x | 20x | 0.7x |
| Sun, 14 May 2023 | HK$1.6t | HK$2.5t | HK$80.2b | 8.6x | 19.8x | 0.6x |
| Tue, 11 Apr 2023 | HK$1.8t | HK$2.5t | HK$81.3b | 9.7x | 22.2x | 0.7x |
| Thu, 09 Mar 2023 | HK$1.8t | HK$2.5t | HK$74.5b | 9.1x | 23.6x | 0.7x |
Price to Earnings Ratio
23.6x
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 47.9x 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 5.6% 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 | 0.15% | |
| Tech | 1.26% | |
| Communications | 18.50% | |
| Electronic Equipment and Components | 5.91% | |
| IT | 4.85% | |
| Semiconductors | 1.86% | |
| Tech Hardware | -0.34% | |
| Software | -10.51% | |
Industry PE
- Investors are most optimistic about the IT industry which is trading above its 3-year average PE ratio of 42.1x.
- Analysts are expecting annual earnings growth of 65.2%, 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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 6869 Yangtze Optical Fibre And Cable Limited | HK$166.00 | 30.0% +HK$31.5b | 837.9% | PE209.6x | |
| 1888 Kingboard Laminates Holdings | HK$23.72 | 16.4% +HK$10.5b | 175.2% | PE48.6x | |
| 9903 Shanghai Iluvatar CoreX Semiconductor | HK$276.00 | 6.4% +HK$4.2b | n/a | PS92.7x | |
| 148 Kingboard Holdings | HK$40.50 | 10.0% +HK$4.1b | 84.5% | PE16.6x | |
| 6088 FIT Hon Teng | HK$6.14 | 9.6% +HK$3.8b | 111.7% | PE36.5x |
