Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Hong Kong (HSI) Tech Sector Analysis

UpdatedJan 26, 2026
DataAggregated Company Financials
Companies218
  • 7D-0.4%
  • 3M-9.1%
  • 1Y31.2%
  • YTD1.7%

Over the last 7 days, the Tech industry has remained flat, although notably Hua Hong Semiconductor gained 8.4%. The past year has been better, since the industry has gained 31% in that time. Earnings are forecast to grow by 28% annually.

Sector Valuation and Performance

Has the Hong Kong Tech Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 27 Jan 2026HK$3.6tHK$2.9tHK$76.1b18.4x47.8x1.2x
Thu, 25 Dec 2025HK$3.4tHK$2.9tHK$77.3b15.6x44x1.2x
Sat, 22 Nov 2025HK$3.2tHK$2.9tHK$76.2b15.5x42.4x1.1x
Mon, 20 Oct 2025HK$3.6tHK$2.8tHK$66.6b17.4x54.7x1.3x
Wed, 17 Sep 2025HK$3.9tHK$2.8tHK$67.4b18.6x57.8x1.4x
Fri, 15 Aug 2025HK$3.5tHK$2.7tHK$54.9b21.1x63.7x1.3x
Sun, 13 Jul 2025HK$3.3tHK$2.7tHK$55.3b16.1x60.5x1.2x
Tue, 10 Jun 2025HK$3.2tHK$2.7tHK$52.5b14.1x60x1.2x
Thu, 08 May 2025HK$3.1tHK$2.6tHK$45.1b13.1x67.7x1.2x
Sat, 05 Apr 2025HK$2.9tHK$2.6tHK$45.4b13.9x64.6x1.1x
Mon, 03 Mar 2025HK$3.2tHK$2.4tHK$34.8b12.5x92x1.3x
Wed, 29 Jan 2025HK$2.6tHK$2.4tHK$35.7b11.6x72.4x1.1x
Fri, 27 Dec 2024HK$2.4tHK$2.4tHK$37.1b11.5x63.6x1x
Sun, 24 Nov 2024HK$2.1tHK$2.4tHK$37.5b11.3x57.2x0.9x
Tue, 22 Oct 2024HK$2.1tHK$2.4tHK$33.7b11.6x62.3x0.9x
Thu, 19 Sep 2024HK$1.6tHK$2.4tHK$34.3b10x45.3x0.6x
Sat, 17 Aug 2024HK$1.6tHK$2.3tHK$44.5b12.1x35.2x0.7x
Mon, 15 Jul 2024HK$1.7tHK$2.3tHK$44.7b12x37.6x0.7x
Wed, 12 Jun 2024HK$1.7tHK$2.3tHK$42.2b12.2x39.8x0.7x
Fri, 10 May 2024HK$1.7tHK$2.2tHK$43.1b12.5x39.4x0.8x
Sun, 07 Apr 2024HK$1.5tHK$2.3tHK$44.6b11.6x33.7x0.7x
Tue, 05 Mar 2024HK$1.5tHK$2.3tHK$63.9b9.2x22.8x0.6x
Thu, 01 Feb 2024HK$1.3tHK$2.3tHK$66.0b9.3x19.2x0.6x
Sat, 30 Dec 2023HK$1.7tHK$2.3tHK$65.2b10.1x25.7x0.7x
Mon, 27 Nov 2023HK$1.6tHK$2.3tHK$72.6b10.5x22.3x0.7x
Wed, 25 Oct 2023HK$1.5tHK$2.3tHK$70.9b10x21x0.7x
Fri, 22 Sep 2023HK$1.5tHK$2.3tHK$70.8b10.4x21.3x0.7x
Sun, 20 Aug 2023HK$1.5tHK$2.3tHK$76.3b11.1x19.6x0.6x
Tue, 18 Jul 2023HK$1.6tHK$2.4tHK$82.1b10.1x19.6x0.7x
Thu, 15 Jun 2023HK$1.6tHK$2.4tHK$82.8b8.7x19.6x0.7x
Sat, 13 May 2023HK$1.6tHK$2.5tHK$80.2b8.6x19.8x0.6x
Mon, 10 Apr 2023HK$1.8tHK$2.5tHK$81.3b9.7x22.3x0.7x
Wed, 08 Mar 2023HK$1.8tHK$2.5tHK$74.4b9x24.4x0.7x
Fri, 03 Feb 2023HK$1.9tHK$2.6tHK$76.6b8.8x25.1x0.7x
Price to Earnings Ratio

25.1x


Total Market Cap: HK$1.9tTotal Earnings: HK$76.6bTotal Revenue: HK$2.6tTotal Market Cap vs Earnings and Revenue0%0%0%
Hong Kong Tech Sector Price to Earnings3Y Average 42.7x202420252026
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 42.7x.
  • The 3-year average PS ratio of 0.89x 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 3.8% 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-0.21%
Tech-0.43%
Electronic Equipment and Components1.01%
Semiconductors0.97%
Communications0.95%
IT0.17%
Tech Hardware-2.07%
Software-2.50%
Industry PE
  • Investors are most optimistic about the IT industry which is trading above its 3-year average PE ratio of 41.0x.
    • Analysts are expecting annual earnings growth of 31.1%, which is higher than its past year's earnings growth of 4.1% per year.
Forecasted Growth
  • Analysts are most optimistic on the Software industry, expecting annual earnings growth of 53% over the next 5 years.
  • This is better than its past earnings growth rate of 30% 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
1347 Hua Hong SemiconductorHK$111.208.4%
+HK$14.9b		393.1%PE2026.5x
6869 Yangtze Optical Fibre And Cable LimitedHK$62.8014.1%
+HK$6.4b		259.3%PE80.4x
6651 Beijing 51World Digital Twin TechnologyHK$82.6520.8%
+HK$5.8b		n/aPS97.3x
9903 Shanghai Iluvatar CoreX SemiconductorHK$188.2011.7%
+HK$5.0b		n/aPS64.1x
1686 SUNeVision HoldingsHK$6.6319.7%
+HK$4.4b		75.9%PE27.6x

Latest News

6865
HK$11.42
Flat Glass Group
7D
10.0%
1Y
-1.9%

Flat Glass Group (HKG:6865) Will Want To Turn Around Its Return Trends

Jan 26
Flat Glass Group (HKG:6865) Will Want To Turn Around Its Return Trends
522
HK$102.80
ASMPT
7D
5.5%
1Y
39.2%

522: Reset To Hold Rating Will Support Future Share Repricing

Analysts lifted their fair value estimate for ASMPT from about HK$99.69 to roughly HK$130.91, with the higher price target of HK$90 cited in recent research reflecting revised assumptions on discount rate, revenue growth, profit margin, and future P/E. Analyst Commentary Bullish Takeaways Bullish analysts highlight that the fair value estimate of roughly HK$130.91 sits well above the cited HK$90 price target.
1347
HK$111.20
Hua Hong Semiconductor
7D
8.4%
1Y
393.1%

1347: Upcoming Shareholder Meeting Will Support Higher Future Earnings Multiple

Analysts have lifted their price target on Hua Hong Semiconductor to US$133.98 from US$120.04, citing updated assumptions for fair value, discount rate, revenue growth, profit margin and future P/E. What's in the News Hua Hong Semiconductor has scheduled a Special or Extraordinary Shareholders Meeting for February 10, 2026 at 14:30 China Standard Time, to be held at No. 288, Halei Road, Zhangjiang Hi Tech Park, Shanghai, China (company event filing).
981
HK$75.55
Semiconductor Manufacturing International
7D
-1.9%
1Y
98.0%

981: Flat Revenue Outlook And Stable Margins Will Support Fair Balance

Analysts have made a modest upward adjustment to their price target for Semiconductor Manufacturing International, reflecting fine tuned views on fair value, discount rate, growth, profit margin and future P/E assumptions. What's in the News Issued earnings guidance for fourth quarter 2025, with management indicating revenue is expected to be flat to up 2% quarter on quarter (Key Developments).
1810
HK$35.22
Xiaomi
7D
-3.5%
1Y
-5.1%

1810: Crypto And Electric Vehicle Push Will Drive Future Upside Potential

Analysts have made a small upward adjustment to their fair value estimate for Xiaomi to HK$79.45 from about HK$78.87, reflecting updated assumptions on revenue growth, discount rate and future P/E, alongside mixed recent Street views that include a reduced smartphone focused target and a more optimistic call on the company's electric vehicle potential. Analyst Commentary Bullish analysts are focusing on how Xiaomi's mix of smartphones, internet of things and electric vehicles could support the updated fair value estimate, even as some nearer term headwinds are flagged in recent research.
6869
HK$62.80
Yangtze Optical Fibre And Cable Limited
7D
14.1%
1Y
259.3%
2513
HK$217.00
Knowledge Atlas Technology
7D
-3.1%
1Y
n/a
1686
HK$6.63
SUNeVision Holdings
7D
19.7%
1Y
75.9%
100
HK$386.00
MiniMax Group
7D
2.1%
1Y
n/a
9903
HK$188.20
Shanghai Iluvatar CoreX Semiconductor
7D
11.7%
1Y
n/a
6082
HK$34.26
Shanghai Biren Technology
7D
-10.0%
1Y
n/a
2577
HK$60.45
InnoScience (Suzhou) Technology Holding
7D
-12.1%
1Y
66.1%
6651
HK$82.65
Beijing 51World Digital Twin Technology
7D
20.8%
1Y
n/a
3317
HK$55.20
Shenzhen Xunce Technology
7D
-19.8%
1Y
n/a
2658
HK$48.48
Guangdong Tianyu Semiconductor
7D
-14.9%
1Y
n/a
9660
HK$8.90
Horizon Robotics
7D
-5.2%
1Y
106.0%