We Think That There Are Issues Underlying Yangtze Optical Fibre And Cable Limited's (HKG:6869) Earnings
Apr 03
Have your own idea? Try our Stock Screener
Hong Kong (HSI) Tech Sector Analysis
UpdatedApr 15, 2026
DataAggregated Company Financials
Companies224
- 7D10.7%
- 3M-2.7%
- 1Y16.7%
- YTD-1.7%
The Tech industry is up 9.5% in the last week, with Knowledge Atlas Technology up 22%. In the last 12 months, the industry was up 14%. As for the next few years, earnings are expected to grow by 34% 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 |
|---|---|---|---|---|---|---|
| Wed, 15 Apr 2026 | HK$3.7t | HK$3.1t | HK$76.8b | 17.2x | 48.5x | 1.2x |
| Fri, 13 Mar 2026 | HK$3.5t | HK$3.0t | HK$78.3b | 15.7x | 45.1x | 1.2x |
| Sun, 08 Feb 2026 | HK$3.5t | HK$2.9t | HK$76.4b | 15.7x | 45.2x | 1.2x |
| Tue, 06 Jan 2026 | HK$3.6t | HK$2.9t | HK$77.5b | 16x | 46.9x | 1.2x |
| Thu, 04 Dec 2025 | HK$3.3t | HK$2.9t | HK$77.5b | 16x | 43x | 1.2x |
| Sat, 01 Nov 2025 | HK$3.7t | HK$2.8t | HK$67.2b | 17.7x | 54.7x | 1.3x |
| Mon, 29 Sep 2025 | HK$4.0t | HK$2.8t | HK$67.3b | 18.3x | 59.3x | 1.4x |
| Wed, 27 Aug 2025 | HK$3.7t | HK$2.8t | HK$70.3b | 20.8x | 52.1x | 1.3x |
| Fri, 25 Jul 2025 | HK$3.5t | HK$2.7t | HK$55.4b | 16.9x | 63.3x | 1.3x |
| Sun, 22 Jun 2025 | HK$3.1t | HK$2.7t | HK$52.7b | 14.1x | 58.7x | 1.1x |
| Tue, 20 May 2025 | HK$3.1t | HK$2.6t | HK$46.2b | 13.8x | 67.1x | 1.2x |
| Thu, 17 Apr 2025 | HK$2.7t | HK$2.6t | HK$45.6b | 13.2x | 59.5x | 1x |
| Sat, 15 Mar 2025 | HK$3.3t | HK$2.4t | HK$35.6b | 12.9x | 91.3x | 1.3x |
| Mon, 10 Feb 2025 | HK$2.9t | HK$2.4t | HK$35.9b | 12.9x | 81.1x | 1.2x |
| Wed, 08 Jan 2025 | HK$2.4t | HK$2.4t | HK$35.5b | 11.3x | 67.2x | 1x |
| Fri, 06 Dec 2024 | HK$2.2t | HK$2.4t | HK$37.2b | 11.1x | 59.9x | 0.9x |
| Sun, 03 Nov 2024 | HK$2.1t | HK$2.4t | HK$32.5b | 12x | 65.7x | 0.9x |
| Tue, 01 Oct 2024 | HK$1.9t | HK$2.4t | HK$34.2b | 10.6x | 55.9x | 0.8x |
| Thu, 29 Aug 2024 | HK$1.6t | HK$2.4t | HK$41.7b | 10.6x | 38.6x | 0.7x |
| Sat, 27 Jul 2024 | HK$1.5t | HK$2.3t | HK$44.6b | 11.5x | 34.8x | 0.7x |
| Mon, 24 Jun 2024 | HK$1.7t | HK$2.3t | HK$41.9b | 12x | 41.4x | 0.8x |
| Wed, 22 May 2024 | HK$1.7t | HK$2.2t | HK$40.8b | 12x | 41.5x | 0.8x |
| Fri, 19 Apr 2024 | HK$1.5t | HK$2.3t | HK$44.5b | 11.1x | 33.1x | 0.7x |
| Sun, 17 Mar 2024 | HK$1.5t | HK$2.2t | HK$50.9b | 10.2x | 29.7x | 0.7x |
| Tue, 13 Feb 2024 | HK$1.3t | HK$2.3t | HK$64.3b | 9.4x | 20.4x | 0.6x |
| Thu, 11 Jan 2024 | HK$1.5t | HK$2.3t | HK$66.2b | 9.5x | 22.7x | 0.7x |
| Sat, 09 Dec 2023 | HK$1.5t | HK$2.3t | HK$66.3b | 9.8x | 23.4x | 0.7x |
| Mon, 06 Nov 2023 | HK$1.6t | HK$2.3t | HK$71.1b | 10.5x | 22.8x | 0.7x |
| Wed, 04 Oct 2023 | HK$1.5t | HK$2.3t | HK$71.0b | 10.1x | 21.1x | 0.7x |
| Fri, 01 Sep 2023 | HK$1.6t | HK$2.3t | HK$72.0b | 10.6x | 22.1x | 0.7x |
| Sun, 30 Jul 2023 | HK$1.6t | HK$2.4t | HK$81.4b | 9.9x | 19.9x | 0.7x |
| Tue, 27 Jun 2023 | HK$1.5t | HK$2.4t | HK$82.6b | 9.1x | 18.8x | 0.7x |
| Thu, 25 May 2023 | HK$1.6t | HK$2.5t | HK$80.1b | 8.6x | 19.4x | 0.6x |
| Sat, 22 Apr 2023 | HK$1.7t | HK$2.5t | HK$81.3b | 9.6x | 21.3x | 0.7x |
Price to Earnings Ratio
21.3x
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 48.1x which is higher than its 3-year average PE of 44.3x.
- The 3-year average PS ratio of 0.93x 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 7.6% 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 | 2.44% | |
| Tech | 10.68% | |
| IT | 34.06% | |
| Semiconductors | 15.01% | |
| Software | 12.50% | |
| Communications | 11.87% | |
| Electronic Equipment and Components | 10.89% | |
| Tech Hardware | 1.11% | |
Industry PE
- Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 388x.
- Analysts are expecting annual earnings growth of 36.1%, which is higher than its past year's earnings decline of 16.2% per year.
Forecasted Growth
- Analysts are most optimistic on the Software industry, expecting annual earnings growth of 81% over the next 5 years.
- This is better than its past earnings decline of 7.6% 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$948.00 | 21.7% +HK$75.3b | n/a | PS507.7x | |
| 981 Semiconductor Manufacturing International | HK$57.95 | 13.6% +HK$56.3b | 27.8% | PE86.5x | |
| 3317 Shenzhen Xunce Technology | HK$341.80 | 72.2% +HK$46.2b | n/a | PS74.7x | |
| 9903 Shanghai Iluvatar CoreX Semiconductor | HK$344.60 | 56.8% +HK$31.7b | n/a | PS73.8x | |
| 6869 Yangtze Optical Fibre And Cable Limited | HK$216.40 | 14.5% +HK$22.5b | 1,484.2% | PE190.2x |