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Hong Kong (HSI) Tech Sector Analysis
UpdatedJan 24, 2026
DataAggregated Company Financials
Companies218
- 7D-0.4%
- 3M-7.4%
- 1Y31.2%
- YTD1.7%
Last week, the Tech industry hasn't moved much but Shanghai Iluvatar CoreX Semiconductor is up 17% in that time. As for the the longer term, the industry is up 31% over the past 12 months. 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?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 24 Jan 2026 | HK$3.6t | HK$2.9t | HK$76.1b | 18.6x | 47.8x | 1.2x |
| Mon, 22 Dec 2025 | HK$3.3t | HK$2.9t | HK$77.0b | 15.8x | 43.4x | 1.2x |
| Wed, 19 Nov 2025 | HK$3.4t | HK$2.8t | HK$67.1b | 16.6x | 51.4x | 1.2x |
| Fri, 17 Oct 2025 | HK$3.8t | HK$2.8t | HK$66.6b | 18.3x | 57.4x | 1.4x |
| Sun, 14 Sep 2025 | HK$3.9t | HK$2.8t | HK$67.3b | 19x | 57.3x | 1.4x |
| Tue, 12 Aug 2025 | HK$3.4t | HK$2.7t | HK$53.9b | 19.3x | 62.7x | 1.3x |
| Thu, 10 Jul 2025 | HK$3.3t | HK$2.7t | HK$55.3b | 16x | 60x | 1.2x |
| Sat, 07 Jun 2025 | HK$3.1t | HK$2.7t | HK$52.5b | 13.6x | 58.7x | 1.1x |
| Mon, 05 May 2025 | HK$3.1t | HK$2.6t | HK$44.9b | 13.4x | 70x | 1.2x |
| Wed, 02 Apr 2025 | HK$3.0t | HK$2.6t | HK$45.8b | 14.2x | 65.3x | 1.2x |
| Fri, 28 Feb 2025 | HK$3.4t | HK$2.5t | HK$38.1b | 13.3x | 87.9x | 1.4x |
| Sun, 26 Jan 2025 | HK$2.6t | HK$2.4t | HK$35.7b | 12.4x | 72.7x | 1.1x |
| Tue, 24 Dec 2024 | HK$2.3t | HK$2.4t | HK$37.1b | 11.3x | 62.3x | 1x |
| Thu, 21 Nov 2024 | HK$2.2t | HK$2.4t | HK$37.5b | 11.7x | 57.8x | 0.9x |
| Sat, 19 Oct 2024 | HK$2.1t | HK$2.4t | HK$33.7b | 11.6x | 62.4x | 0.9x |
| Mon, 16 Sep 2024 | HK$1.5t | HK$2.4t | HK$34.3b | 10.2x | 45.1x | 0.6x |
| Wed, 14 Aug 2024 | HK$1.6t | HK$2.3t | HK$43.7b | 11.3x | 35.5x | 0.7x |
| Fri, 12 Jul 2024 | HK$1.7t | HK$2.3t | HK$44.7b | 11.9x | 37.6x | 0.7x |
| Sun, 09 Jun 2024 | HK$1.7t | HK$2.3t | HK$42.2b | 12.2x | 39.8x | 0.7x |
| Tue, 07 May 2024 | HK$1.6t | HK$2.3t | HK$43.1b | 12x | 38.2x | 0.7x |
| Thu, 04 Apr 2024 | HK$1.5t | HK$2.3t | HK$44.6b | 11x | 33.9x | 0.7x |
| Sat, 02 Mar 2024 | HK$1.4t | HK$2.3t | HK$64.0b | 9.1x | 22.5x | 0.6x |
| Mon, 29 Jan 2024 | HK$1.4t | HK$2.3t | HK$66.3b | 9.5x | 21.3x | 0.6x |
| Wed, 27 Dec 2023 | HK$1.6t | HK$2.3t | HK$66.4b | 9.8x | 23.9x | 0.7x |
| Fri, 24 Nov 2023 | HK$1.6t | HK$2.3t | HK$72.7b | 11x | 22.6x | 0.7x |
| Sun, 22 Oct 2023 | HK$1.5t | HK$2.3t | HK$70.9b | 10.1x | 21.4x | 0.7x |
| Tue, 19 Sep 2023 | HK$1.5t | HK$2.3t | HK$70.8b | 10.7x | 21.8x | 0.7x |
| Thu, 17 Aug 2023 | HK$1.5t | HK$2.4t | HK$79.0b | 10.6x | 19.1x | 0.6x |
| Sat, 15 Jul 2023 | HK$1.6t | HK$2.4t | HK$82.2b | 10x | 19.6x | 0.7x |
| Mon, 12 Jun 2023 | HK$1.6t | HK$2.4t | HK$83.0b | 8.7x | 18.9x | 0.7x |
| Wed, 10 May 2023 | HK$1.6t | HK$2.5t | HK$81.3b | 9x | 19.7x | 0.6x |
| Fri, 07 Apr 2023 | HK$1.8t | HK$2.5t | HK$81.6b | 10.4x | 22.1x | 0.7x |
| Sun, 05 Mar 2023 | HK$1.8t | HK$2.5t | HK$74.4b | 9x | 24.4x | 0.7x |
| Tue, 31 Jan 2023 | HK$1.9t | HK$2.6t | HK$76.5b | 8.7x | 24.4x | 0.7x |
Price to Earnings Ratio
24.4x
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 3.9% 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 Components | 1.01% | |
| Semiconductors | 0.97% | |
| Communications | 0.95% | |
| IT | 0.17% | |
| 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 40.9x.
- 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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 9903 Shanghai Iluvatar CoreX Semiconductor | HK$203.80 | 17.3% +HK$7.6b | n/a | PS69.5x | |
| 6651 Beijing 51World Digital Twin Technology | HK$85.90 | 19.3% +HK$5.6b | n/a | PS101.2x | |
| 1347 Hua Hong Semiconductor | HK$109.80 | 2.8% +HK$5.2b | 354.7% | PE2001x | |
| 2718 Mininglamp Technology | HK$285.60 | 11.4% +HK$4.2b | n/a | PS25.2x | |
| 1686 SUNeVision Holdings | HK$6.21 | 19.4% +HK$4.1b | 63.9% | PE25.9x |
