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Hong Kong (HSI) Tech Sector Analysis
UpdatedApr 03, 2026
DataAggregated Company Financials
Companies224
- 7D-2.7%
- 3M-11.6%
- 1Y1.9%
- YTD-11.1%
Over the last 7 days, the Tech industry has dropped 2.7%, driven by a pullback from Xiaomi of 4.8%. Meanwhile, Knowledge Atlas Technology actually outperformed within the industry, gaining 14% in the last week. Over the last year, the industry has been flat overall. As for the next few years, earnings are expected to grow by 31% per annum.
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 |
|---|---|---|---|---|---|---|
| Fri, 03 Apr 2026 | HK$3.4t | HK$3.1t | HK$75.1b | 16.8x | 45.1x | 1.1x |
| Sun, 01 Mar 2026 | HK$3.7t | HK$3.0t | HK$75.9b | 16.6x | 48.6x | 1.2x |
| Tue, 27 Jan 2026 | HK$3.6t | HK$2.9t | HK$76.2b | 18.2x | 46.9x | 1.2x |
| Thu, 25 Dec 2025 | HK$3.4t | HK$2.9t | HK$77.3b | 15.6x | 44x | 1.2x |
| Sat, 22 Nov 2025 | HK$3.2t | HK$2.9t | HK$76.2b | 15.5x | 42.4x | 1.1x |
| Mon, 20 Oct 2025 | HK$3.6t | HK$2.8t | HK$66.6b | 17.4x | 54.7x | 1.3x |
| Wed, 17 Sep 2025 | HK$3.9t | HK$2.8t | HK$67.4b | 18.6x | 57.8x | 1.4x |
| Fri, 15 Aug 2025 | HK$3.5t | HK$2.7t | HK$54.9b | 21.1x | 63.7x | 1.3x |
| Sun, 13 Jul 2025 | HK$3.3t | HK$2.7t | HK$55.3b | 16.1x | 60.5x | 1.2x |
| Tue, 10 Jun 2025 | HK$3.2t | HK$2.7t | HK$52.5b | 14.1x | 60x | 1.2x |
| Thu, 08 May 2025 | HK$3.1t | HK$2.6t | HK$45.1b | 13.1x | 67.7x | 1.2x |
| Sat, 05 Apr 2025 | HK$2.9t | HK$2.6t | HK$45.4b | 13.9x | 64.6x | 1.1x |
| Mon, 03 Mar 2025 | HK$3.2t | HK$2.4t | HK$34.8b | 12.5x | 92x | 1.3x |
| Wed, 29 Jan 2025 | HK$2.6t | HK$2.4t | HK$35.7b | 11.6x | 72.4x | 1.1x |
| Fri, 27 Dec 2024 | HK$2.4t | HK$2.4t | HK$37.1b | 11.5x | 63.6x | 1x |
| Sun, 24 Nov 2024 | HK$2.1t | HK$2.4t | HK$37.5b | 11.3x | 57.2x | 0.9x |
| Tue, 22 Oct 2024 | HK$2.1t | HK$2.4t | HK$33.7b | 11.6x | 62.3x | 0.9x |
| Thu, 19 Sep 2024 | HK$1.6t | HK$2.4t | HK$34.3b | 10x | 45.3x | 0.6x |
| Sat, 17 Aug 2024 | HK$1.6t | HK$2.3t | HK$44.5b | 12.1x | 35.2x | 0.7x |
| Mon, 15 Jul 2024 | HK$1.7t | HK$2.3t | HK$44.7b | 12x | 37.6x | 0.7x |
| Wed, 12 Jun 2024 | HK$1.7t | HK$2.3t | HK$42.2b | 12.2x | 39.8x | 0.7x |
| Fri, 10 May 2024 | HK$1.7t | HK$2.2t | HK$43.1b | 12.5x | 39.4x | 0.8x |
| Sun, 07 Apr 2024 | HK$1.5t | HK$2.3t | HK$44.6b | 11.6x | 33.7x | 0.7x |
| Tue, 05 Mar 2024 | HK$1.5t | HK$2.3t | HK$63.9b | 9.2x | 22.8x | 0.6x |
| Thu, 01 Feb 2024 | HK$1.3t | HK$2.3t | HK$66.0b | 9.3x | 19.2x | 0.6x |
| Sat, 30 Dec 2023 | HK$1.7t | HK$2.3t | HK$65.2b | 10.1x | 25.7x | 0.7x |
| Mon, 27 Nov 2023 | HK$1.6t | HK$2.3t | HK$72.6b | 10.5x | 22.3x | 0.7x |
| Wed, 25 Oct 2023 | HK$1.5t | HK$2.3t | HK$70.9b | 10x | 21x | 0.7x |
| Fri, 22 Sep 2023 | HK$1.5t | HK$2.3t | HK$70.8b | 10.4x | 21.3x | 0.7x |
| Sun, 20 Aug 2023 | HK$1.5t | HK$2.3t | HK$76.3b | 11.1x | 19.6x | 0.6x |
| Tue, 18 Jul 2023 | HK$1.6t | HK$2.4t | HK$82.1b | 10.1x | 19.6x | 0.7x |
| Thu, 15 Jun 2023 | HK$1.6t | HK$2.4t | HK$82.8b | 8.7x | 19.6x | 0.7x |
| Sat, 13 May 2023 | HK$1.6t | HK$2.5t | HK$80.2b | 8.6x | 19.8x | 0.6x |
| Mon, 10 Apr 2023 | HK$1.8t | HK$2.5t | HK$81.3b | 9.7x | 22.3x | 0.7x |
Price to Earnings Ratio
22.3x
Current Industry PE
- Investors are relatively neutral on the Hong Kong Information Technology industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 44.1x.
- The 3-year average PS ratio of 0.92x is lower than the industry's current PS ratio of 1.1x.
Past Earnings Growth
- The earnings for companies in the Information Technology industry have declined 2.6% per year over the last three years.
- Meanwhile revenues for these companies have grown 7.4% 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, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Hong Kong Tech sector?
| HK Market | 1.46% | |
| Tech | -2.65% | |
| IT | 11.03% | |
| Communications | 0.071% | |
| Electronic Equipment and Components | -0.082% | |
| Tech Hardware | -3.67% | |
| Software | -4.66% | |
| Semiconductors | -4.68% | |
Industry PE
- Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 383x.
- Analysts are expecting annual earnings growth of 28.7%, which is higher than its past year's earnings decline of 16.2% per year.
Forecasted Growth
- Analysts are most optimistic on the IT industry, expecting annual earnings growth of 89% over the next 5 years.
- This is better than its past earnings growth rate of 1.5% 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 | |
|---|---|---|---|---|---|
| 2513 Knowledge Atlas Technology | HK$779.00 | 13.9% +HK$42.4b | n/a | PS422x | |
| 3317 Shenzhen Xunce Technology | HK$198.50 | 30.9% +HK$15.1b | n/a | PS43.9x | |
| 2382 Sunny Optical Technology (Group) | HK$59.90 | 13.3% +HK$7.5b | -14.0% | PE12.2x | |
| 6869 Yangtze Optical Fibre And Cable Limited | HK$189.00 | 4.7% +HK$6.9b | 1,082.7% | PE168x | |
| 992 Lenovo Group | HK$9.69 | 3.4% +HK$4.0b | -1.4% | PE10.4x |
