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Hong Kong (HSI) Tech Sector Analysis

UpdatedDec 14, 2025
DataAggregated Company Financials
Companies215
  • 7D-0.3%
  • 3M-11.1%
  • 1Y45.7%
  • YTD43.1%

Last week, the Tech industry hasn't moved much but Yangtze Optical Fibre And Cable Limited is up 35% in that time. As for the the longer term, the industry is up 46% over the past 12 months. 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?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 14 Dec 2025HK$3.5tHK$2.9tHK$76.9b16.4x45.2x1.2x
Tue, 11 Nov 2025HK$3.6tHK$2.8tHK$66.7b16.5x53.7x1.3x
Thu, 09 Oct 2025HK$4.2tHK$2.8tHK$66.8b19.4x63.2x1.5x
Sat, 06 Sep 2025HK$3.7tHK$2.8tHK$67.4b17.5x55.6x1.3x
Mon, 04 Aug 2025HK$3.3tHK$2.7tHK$53.9b17x62x1.2x
Wed, 02 Jul 2025HK$3.4tHK$2.7tHK$55.8b14.6x60.3x1.2x
Fri, 30 May 2025HK$3.1tHK$2.7tHK$52.4b13.4x58.4x1.1x
Sun, 27 Apr 2025HK$2.9tHK$2.6tHK$45.7b13.6x64.1x1.1x
Tue, 25 Mar 2025HK$3.4tHK$2.5tHK$39.3b12.8x86x1.3x
Thu, 20 Feb 2025HK$3.1tHK$2.4tHK$35.4b12.6x88.3x1.3x
Sat, 18 Jan 2025HK$2.5tHK$2.4tHK$35.6b11.7x69.4x1x
Mon, 16 Dec 2024HK$2.3tHK$2.4tHK$37.2b11.3x61.5x0.9x
Wed, 13 Nov 2024HK$2.2tHK$2.4tHK$33.1b11.6x67x0.9x
Fri, 11 Oct 2024HK$2.0tHK$2.4tHK$34.2b11.1x59.1x0.8x
Sun, 08 Sep 2024HK$1.6tHK$2.4tHK$34.3b10x45.9x0.7x
Tue, 06 Aug 2024HK$1.5tHK$2.3tHK$45.6b11.2x32.3x0.6x
Thu, 04 Jul 2024HK$1.7tHK$2.3tHK$44.7b11.6x37.1x0.7x
Sat, 01 Jun 2024HK$1.7tHK$2.3tHK$42.3b12.3x39.3x0.7x
Mon, 29 Apr 2024HK$1.6tHK$2.2tHK$43.1b11.3x36.1x0.7x
Wed, 27 Mar 2024HK$1.5tHK$2.2tHK$51.0b10.3x29.9x0.7x
Fri, 23 Feb 2024HK$1.4tHK$2.3tHK$64.3b9.7x21.6x0.6x
Sun, 21 Jan 2024HK$1.4tHK$2.3tHK$66.3b9.6x21.6x0.6x
Tue, 19 Dec 2023HK$1.6tHK$2.3tHK$66.3b9.8x24.1x0.7x
Thu, 16 Nov 2023HK$1.7tHK$2.3tHK$67.7b11.7x25x0.7x
Sat, 14 Oct 2023HK$1.5tHK$2.3tHK$70.9b10.2x21.6x0.7x
Mon, 11 Sep 2023HK$1.5tHK$2.3tHK$70.7b10.9x21.9x0.7x
Wed, 09 Aug 2023HK$1.6tHK$2.4tHK$80.0b10.3x19.9x0.7x
Fri, 07 Jul 2023HK$1.6tHK$2.4tHK$81.8b10.1x19.3x0.7x
Sun, 04 Jun 2023HK$1.6tHK$2.4tHK$83.2b8.6x18.9x0.7x
Tue, 02 May 2023HK$1.7tHK$2.5tHK$81.4b8.9x20.7x0.7x
Thu, 30 Mar 2023HK$1.7tHK$2.8tHK$145.6b8.6x11.8x0.6x
Sat, 25 Feb 2023HK$1.8tHK$2.5tHK$74.8b8.6x23.6x0.7x
Mon, 23 Jan 2023HK$1.8tHK$2.6tHK$76.4b8.4x23.9x0.7x
Wed, 21 Dec 2022HK$1.6tHK$2.5tHK$76.2b8.2x21.4x0.6x
Price to Earnings Ratio

21.4x


Total Market Cap: HK$1.6tTotal Earnings: HK$76.2bTotal Revenue: HK$2.5tTotal Market Cap vs Earnings and Revenue0%0%0%
Hong Kong Tech Sector Price to Earnings3Y Average 41.8x202320242025
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 45.2x which is higher than its 3-year average PE of 41.8x.
  • The 3-year average PS ratio of 0.87x 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 4.5% 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 and as a result, profits have held steady.

Industry Trends

Which industries have driven the changes within the Hong Kong Tech sector?

HK Market-1.75%
Tech-0.33%
Communications9.21%
IT2.26%
Electronic Equipment and Components1.44%
Software0.021%
Tech Hardware-0.02%
Semiconductors-2.99%
Industry PE
  • Investors are most optimistic about the IT industry, which is trading close to its 3-year average PE ratio of 40.0x.
    • Analysts are expecting annual earnings growth of 32.1%, 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 51% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Tech Hardware industry is expected to see its earnings grow by 16% 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
6869 Yangtze Optical Fibre And Cable LimitedHK$47.3034.8%
+HK$9.2b		315.6%PE56.3x
9660 Horizon RoboticsHK$9.017.3%
+HK$8.9b		139.0%PE54.1x
1810 XiaomiHK$42.960.4%
+HK$4.7b		37.0%PE22.9x
6088 FIT Hon TengHK$5.609.6%
+HK$3.5b		69.2%PE33.4x
20 SenseTime GroupHK$2.213.3%
+HK$2.7b		42.6%PS17.6x

Latest News

6869
HK$47.30
Yangtze Optical Fibre And Cable Limited
7D
34.8%
1Y
315.6%
2498
HK$36.78
Robosense Technology
7D
11.9%
1Y
34.2%

2498: Index Inclusion And LiDAR Standards Will Shape Balanced Future Prospects

Analysts have raised their price target on Robosense Technology to approximately $38.10 from about $34.07, reflecting improved expectations for revenue growth and profit margins, despite a slightly higher discount rate and a lower projected future price to earnings multiple. What's in the News Board meeting scheduled for November 25, 2025, to review and publish Robosense Technology's third quarter 2025 results for the nine months ended September 30, 2025 (Board Meeting) Launch of the AC2 Robot Manipulation Eye, the latest Active Camera series product, featuring millimeter level dToF depth sensing, an ultra large field of view, and an AI Ready developer ecosystem, unveiled during the IROS 2025 salon in Hangzhou (Product Related Announcements) Robosense Technology added to the S&P Global BMI Index, indicating increased visibility among global institutional investors (Index Constituent Adds) China's draft Safety Requirements for intelligent and connected vehicles formally incorporates LiDAR into mandatory national standards, with Robosense's EMX digital LiDAR highlighted as exceeding the proposed performance benchmarks and already adopted by multiple OEMs (Client Announcements) RoboSense to serve as an official sponsor of IROS 2025 in Hangzhou, where it will showcase its AC2 Active Camera, AI Ready ecosystem, and next generation digital LiDAR portfolio to more than 7,000 global robotics experts (Product Related Announcements) Valuation Changes The consensus analyst price target has risen moderately, increasing from HK$34.07 to approximately HK$38.10 per share, reflecting higher estimated fair value.
1347
HK$71.90
Hua Hong Semiconductor
7D
-5.5%
1Y
252.5%

1347: Future AI Demand Will Support Returns Amid Persistent Margin Pressures

Analysts have raised their price target on Hua Hong Semiconductor by roughly HK$2. This reflects a modestly higher fair value estimate as they factor in stronger revenue growth prospects driven by expanding opportunities in artificial intelligence applications, even as profit margin expectations edge slightly lower.
3800
HK$1.07
GCL Technology Holdings
7D
-7.8%
1Y
-15.1%

What You Can Learn From GCL Technology Holdings Limited's (HKG:3800) P/S After Its 26% Share Price Crash

Dec 11
What You Can Learn From GCL Technology Holdings Limited's (HKG:3800) P/S After Its 26% Share Price Crash
992
HK$9.70
Lenovo Group
7D
-3.3%
1Y
6.1%
9678
HK$430.00
Unisound AI Technology
7D
-26.5%
1Y
n/a
9660
HK$9.01
Horizon Robotics
7D
7.3%
1Y
139.0%
1810
HK$42.96
Xiaomi
7D
0.4%
1Y
37.0%

1810: Premium Auto Customization Will Drive Future Upside In High End Segment

Analysts have nudged their consolidated price target on Xiaomi slightly lower by about $3 to approximately $40 per share, reflecting expectations for slower internet of things growth and some margin pressure from higher component costs, partially offset by optimism around the company’s positioning in China’s electric vehicle and electronics markets. Analyst Commentary Recent Street commentary highlights a balanced mix of enthusiasm and caution around Xiaomi, with valuation underpinned by its growing presence in electric vehicles and core electronics, but tempered by near term profitability risks.
6088
HK$5.60
FIT Hon Teng
7D
9.6%
1Y
69.2%
2382
HK$67.45
Sunny Optical Technology (Group)
7D
-1.7%
1Y
-0.07%

Sunny Optical Technology (Group) (HKG:2382) Is Reinvesting At Lower Rates Of Return

Dec 08
Sunny Optical Technology (Group) (HKG:2382) Is Reinvesting At Lower Rates Of Return
268
HK$13.22
Kingdee International Software Group
7D
-4.7%
1Y
42.0%

Estimating The Fair Value Of Kingdee International Software Group Company Limited (HKG:268)

Dec 08
Estimating The Fair Value Of Kingdee International Software Group Company Limited (HKG:268)
2658
HK$45.42
Guangdong Tianyu Semiconductor
7D
12.1%
1Y
n/a
3393
HK$16.58
Wasion Holdings
7D
14.6%
1Y
139.9%

3393: Subsidiary Tender Wins Will Support Steady Outlook Ahead

Analysts have raised their price target for Wasion Holdings from CNY 13.25 to CNY 14.57, citing slightly higher long term revenue growth expectations and a modestly higher future earnings multiple that more than offset a small downward revision to profit margins. What's in the News Wasion Group Limited, a subsidiary of Wasion Holdings, secured contracts worth approximately RMB201.16 million in China Southern Power Grid's first 2025 framework tender for metering equipment (company announcement) Willfar Information Technology Company Limited, another subsidiary of Wasion Holdings, won additional contracts worth approximately RMB168.97 million in the same 2025 framework tender (company announcement) Wasion Holdings ranked first by total contract value in China Southern Power Grid's first 2025 metering equipment framework tender, reinforcing its leading position in the smart metering market (company announcement) Valuation Changes The fair value estimate has risen moderately from CNY 13.25 to CNY 14.57 per share, reflecting a higher intrinsic value assessment for Wasion Holdings.
981
HK$67.70
Semiconductor Manufacturing International
7D
-2.9%
1Y
161.4%

981: Flat To Slightly Higher Revenue And Margins Will Anchor Balance

Analysts have raised their price target for Semiconductor Manufacturing International from $69.38 to $71.60 per share, citing marginal improvements in growth projections and a slightly reduced discount rate. What's in the News Semiconductor Manufacturing International Corporation has provided earnings guidance for the fourth quarter of 2025, expecting revenue to be flat or increase by up to 2% quarter over quarter (Key Developments).
968
HK$3.02
Xinyi Solar Holdings
7D
-7.1%
1Y
-6.2%

Xinyi Solar Holdings (HKG:968) Takes On Some Risk With Its Use Of Debt

Nov 20
Xinyi Solar Holdings (HKG:968) Takes On Some Risk With Its Use Of Debt
20
HK$2.21
SenseTime Group
7D
3.3%
1Y
42.6%