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Hong Kong (HSI) Tech Sector Analysis

UpdatedMar 24, 2026
DataAggregated Company Financials
Companies221
  • 7D-8.5%
  • 3M-8.7%
  • 1Y-12.7%
  • YTD-10.9%

Over the last 7 days, the Tech industry has dropped 8.5%, driven by Xiaomi declining 7.6%. In contrast, Yangtze Optical Fibre And Cable Limited has gained 18%. Overall the industry is down 13% in 12 months. Looking forward, earnings are forecast to grow by 31% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 25 Mar 2026HK$3.4tHK$3.0tHK$72.0b15.3x46.8x1.1x
Fri, 20 Feb 2026HK$3.7tHK$3.0tHK$75.6b16.1x48.6x1.2x
Sun, 18 Jan 2026HK$3.7tHK$2.9tHK$76.1b17.5x48.2x1.3x
Tue, 16 Dec 2025HK$3.4tHK$2.9tHK$76.9b16.1x43.9x1.2x
Thu, 13 Nov 2025HK$3.6tHK$2.8tHK$66.7b16.9x53.8x1.3x
Sat, 11 Oct 2025HK$4.0tHK$2.8tHK$66.8b18.4x60x1.4x
Mon, 08 Sep 2025HK$3.7tHK$2.8tHK$67.4b17.5x55.6x1.3x
Wed, 06 Aug 2025HK$3.5tHK$2.7tHK$53.9b18x64.2x1.3x
Fri, 04 Jul 2025HK$3.3tHK$2.7tHK$55.6b16.1x59.7x1.2x
Sun, 01 Jun 2025HK$3.0tHK$2.7tHK$52.4b13.1x57.1x1.1x
Tue, 29 Apr 2025HK$2.9tHK$2.6tHK$45.6b13.3x63.8x1.1x
Thu, 27 Mar 2025HK$3.2tHK$2.5tHK$40.0b13.8x80.8x1.3x
Sat, 22 Feb 2025HK$3.4tHK$2.4tHK$35.4b13.5x94.8x1.4x
Mon, 20 Jan 2025HK$2.5tHK$2.4tHK$35.6b11.7x69.5x1x
Wed, 18 Dec 2024HK$2.2tHK$2.4tHK$37.1b11.5x59.5x0.9x
Fri, 15 Nov 2024HK$2.2tHK$2.4tHK$33.0b11.6x65.5x0.9x
Sun, 13 Oct 2024HK$2.0tHK$2.4tHK$34.2b11.1x58.6x0.8x
Tue, 10 Sep 2024HK$1.5tHK$2.4tHK$34.1b10x45.3x0.6x
Thu, 08 Aug 2024HK$1.5tHK$2.3tHK$45.6b11.4x32.8x0.7x
Sat, 06 Jul 2024HK$1.6tHK$2.3tHK$44.7b11.5x36.4x0.7x
Mon, 03 Jun 2024HK$1.7tHK$2.3tHK$42.3b12.5x39.3x0.7x
Wed, 01 May 2024HK$1.6tHK$2.2tHK$43.1b11.7x36.3x0.7x
Fri, 29 Mar 2024HK$1.5tHK$2.3tHK$51.4b10x29.4x0.7x
Sun, 25 Feb 2024HK$1.4tHK$2.3tHK$63.3b9.3x21.8x0.6x
Tue, 23 Jan 2024HK$1.4tHK$2.3tHK$66.1b9.4x21x0.6x
Thu, 21 Dec 2023HK$1.6tHK$2.3tHK$66.4b9.6x24.1x0.7x
Sat, 18 Nov 2023HK$1.6tHK$2.3tHK$67.9b11.7x24.3x0.7x
Mon, 16 Oct 2023HK$1.5tHK$2.3tHK$71.0b10.2x21.5x0.7x
Wed, 13 Sep 2023HK$1.6tHK$2.3tHK$70.9b10.8x22.1x0.7x
Fri, 11 Aug 2023HK$1.6tHK$2.4tHK$80.1b10.5x19.8x0.7x
Sun, 09 Jul 2023HK$1.6tHK$2.4tHK$82.0b10x19x0.7x
Tue, 06 Jun 2023HK$1.6tHK$2.4tHK$83.0b8.7x19.1x0.7x
Thu, 04 May 2023HK$1.7tHK$2.5tHK$81.4b8.9x20.4x0.7x
Sat, 01 Apr 2023HK$1.7tHK$2.5tHK$83.2b9.5x20.8x0.7x
Price to Earnings Ratio

20.8x


Total Market Cap: HK$1.7tTotal Earnings: HK$83.2bTotal Revenue: HK$2.5tTotal Market Cap vs Earnings and Revenue0%0%0%
Hong Kong Tech Sector Price to Earnings3Y Average 43.9x202420252026
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 43.9x.
  • 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 remained mostly flat over the last three years.
  • Meanwhile revenues for these companies have grown 6.1% 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-4.78%
Tech-8.51%
IT5.78%
Electronic Equipment and Components-6.47%
Communications-6.51%
Software-7.58%
Tech Hardware-8.73%
Semiconductors-11.32%
Industry PE
  • Investors are most optimistic about the IT industry which is trading above its 3-year average PE ratio of 43.0x.
    • Analysts are expecting annual earnings growth of 77.7%, 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 78% 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?

CompanyLast Price7D1YValuation
6869 Yangtze Optical Fibre And Cable LimitedHK$165.0017.9%
+HK$20.5b		882.1%PE208.6x
2513 Knowledge Atlas TechnologyHK$655.005.4%
+HK$14.9b		n/aPS561.2x
6088 FIT Hon TengHK$7.0516.1%
+HK$7.0b		175.4%PE41x
2018 AAC Technologies HoldingsHK$34.785.5%
+HK$2.1b		-26.8%PE14.2x
2477 WellCell HoldingsHK$16.318.9%
+HK$1.3b		51.4%PE838.4x

Latest News

6657
HK$16.60
Baiwang
7D
27.7%
1Y
-53.6%
20
HK$1.91
SenseTime Group
7D
-7.3%
1Y
21.7%
1888
HK$19.90
Kingboard Laminates Holdings
7D
-13.5%
1Y
121.6%
1347
HK$86.85
Hua Hong Semiconductor
7D
-4.9%
1Y
166.0%

1347: Future AI Demand Will Support Returns With Lower Margin Expectations

Analysts have raised their price target for Hua Hong Semiconductor to HK$93.65 from HK$75.92, citing updated assumptions related to revenue growth, profit margin expectations, the discount rate, and future P/E levels. What's in the News A board meeting is scheduled for Mar 26, 2026 at 10:30 China Standard Time to review audited consolidated results for 2025, consider any dividend, potential closure of the register of members, the upcoming annual general meeting, and other business (company announcement).
2018
HK$34.78
AAC Technologies Holdings
7D
5.5%
1Y
-26.8%
856
HK$8.94
VSTECS Holdings
7D
10.5%
1Y
31.5%
981
HK$55.20
Semiconductor Manufacturing International
7D
-10.8%
1Y
16.2%

981: Guided Margins And Flat Near Term Outlook Will Support Upside Potential

Analysts have nudged their price target on Semiconductor Manufacturing International higher to reflect modest adjustments in fair value, discount rate, revenue growth, profit margin and future P/E assumptions, implying a slightly richer valuation in HK$. What's in the News A board meeting is scheduled for Mar 26, 2026, to approve the publication of audited annual results for the year ended Dec 31, 2025 (company announcement).
1810
HK$32.68
Xiaomi
7D
-7.6%
1Y
-38.8%

1810: Auto Ecosystem Expansion And Partnerships Will Drive Future Upside Potential

Narrative Update Analysts have lowered Xiaomi's implied fair value, reflected in a reduced blended price target that is consistent with recent revisions, including the adjustment from HK$40 to HK$30. They have also moderated expectations for smartphone and auto related growth, citing pressure from higher memory costs and softer sales assumptions.
3393
HK$28.08
Wasion Holdings
7D
4.2%
1Y
293.3%

3393: Earnings Guidance And Dividend Prospects Will Support Margin And Re Rating

Analysts have raised their price target for Wasion Holdings from HK$34.83 to HK$51.58, citing updated assumptions around fair value, slightly adjusted discount rates, and refined estimates for revenue growth, profit margins, and future P/E levels. What's in the News A board meeting is scheduled for Mar 26, 2026 to consider and approve the annual results for the year ended Dec 31, 2025, and to consider a potential final dividend (Key Developments).
6088
HK$7.05
FIT Hon Teng
7D
16.1%
1Y
175.4%
2513
HK$655.00
Knowledge Atlas Technology
7D
5.4%
1Y
n/a
6082
HK$29.16
Shanghai Biren Technology
7D
-9.8%
1Y
n/a
2477
HK$16.31
WellCell Holdings
7D
8.9%
1Y
51.4%
2382
HK$52.90
Sunny Optical Technology (Group)
7D
-7.9%
1Y
-31.3%

2382: Earnings Recovery And Buybacks Will Support A Balanced Forward Outlook

Analysts have lowered their price target for Sunny Optical Technology (Group) by about HK$0.31. This reflects slightly adjusted assumptions around fair value, discount rate, revenue growth, profit margin, and future P/E expectations.
2706
HK$71.65
Beijing Haizhi Technology Group
7D
-13.7%
1Y
n/a
6869
HK$165.00
Yangtze Optical Fibre And Cable Limited
7D
17.9%
1Y
882.1%