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Hong Kong (HSI) Tech Sector Analysis
UpdatedMar 12, 2026
DataAggregated Company Financials
Companies219
- 7D5.4%
- 3M-1.9%
- 1Y-3.8%
- YTD-0.9%
Over the last 7 days, the Tech industry has risen 5.4%, driven by gains from MiniMax Group of 36%. In the same time, Deepexi Technology was down 41%. However, the industry is down 3.8% over the past year. Looking forward, earnings are forecast to grow by 29% 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, 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 |
| Sun, 19 Mar 2023 | HK$1.7t | HK$2.5t | HK$72.2b | 8.3x | 23.8x | 0.7x |
Price to Earnings Ratio
23.8x
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 47.0x which is higher than its 3-year average PE of 43.6x.
- The 3-year average PS ratio of 0.92x 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 grown 2.8% per year over the last three years.
- Revenues for these companies have grown 5.3% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Hong Kong Tech sector?
| HK Market | 2.23% | |
| Tech | 5.35% | |
| IT | 23.95% | |
| Communications | 8.49% | |
| Semiconductors | 4.95% | |
| Electronic Equipment and Components | 4.61% | |
| Tech Hardware | 4.23% | |
| Software | 3.47% | |
Industry PE
- Investors are most optimistic about the IT industry which is trading above its 3-year average PE ratio of 42.4x.
- Analysts are expecting annual earnings growth of 75.0%, 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 75% 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 13% 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 | |
|---|---|---|---|---|---|
| 100 MiniMax Group | HK$1.08k | 35.5% +HK$87.8b | n/a | PS541.9x | |
| 1810 Xiaomi | HK$33.30 | 3.4% +HK$28.4b | -37.0% | PE17.2x | |
| 3317 Shenzhen Xunce Technology | HK$141.80 | 100.7% +HK$23.0b | n/a | PS73.4x | |
| 2513 Knowledge Atlas Technology | HK$555.50 | 6.8% +HK$15.8b | n/a | PS474.3x | |
| 1347 Hua Hong Semiconductor | HK$95.00 | 8.9% +HK$13.5b | 159.9% | PE384.3x |
