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Hong Kong (HSI) Tech Sector Analysis
UpdatedApr 20, 2025
DataAggregated Company Financials
Companies210
- 7D-3.5%
- 3M8.8%
- 1Y81.1%
- YTD14.7%
Over the last 7 days, the Tech industry has dropped 3.5%, driven by Xiaomi declining 5.2%. In the past year, the industry has gained 81%. Looking forward, earnings are forecast to grow by 25% 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 |
|---|---|---|---|---|---|---|
| Sun, 20 Apr 2025 | HK$2.7t | HK$2.6t | HK$45.7b | 13.2x | 60x | 1.1x |
| Tue, 18 Mar 2025 | HK$3.3t | HK$2.4t | HK$35.6b | 13x | 92.7x | 1.3x |
| Thu, 13 Feb 2025 | HK$3.0t | HK$2.4t | HK$35.9b | 12.5x | 83.9x | 1.2x |
| Sat, 11 Jan 2025 | HK$2.3t | HK$2.4t | HK$35.3b | 11.3x | 66.3x | 1x |
| Mon, 09 Dec 2024 | HK$2.3t | HK$2.4t | HK$37.2b | 11x | 60.7x | 0.9x |
| Wed, 06 Nov 2024 | HK$2.2t | HK$2.4t | HK$32.5b | 12x | 69.1x | 0.9x |
| Fri, 04 Oct 2024 | HK$2.0t | HK$2.4t | HK$34.2b | 10.5x | 57.6x | 0.8x |
| Sun, 01 Sep 2024 | HK$1.6t | HK$2.4t | HK$34.3b | 9.9x | 47.6x | 0.7x |
| Tue, 30 Jul 2024 | HK$1.5t | HK$2.3t | HK$45.0b | 11.4x | 34.4x | 0.7x |
| Thu, 27 Jun 2024 | HK$1.7t | HK$2.3t | HK$44.9b | 11.8x | 37.2x | 0.7x |
| Sat, 25 May 2024 | HK$1.7t | HK$2.3t | HK$41.9b | 12x | 39.5x | 0.7x |
| Mon, 22 Apr 2024 | HK$1.4t | HK$2.3t | HK$44.5b | 11.1x | 32.2x | 0.6x |
| Wed, 20 Mar 2024 | HK$1.5t | HK$2.2t | HK$50.4b | 10.4x | 30.5x | 0.7x |
| Fri, 16 Feb 2024 | HK$1.3t | HK$2.3t | HK$64.6b | 9x | 20.6x | 0.6x |
| Sun, 14 Jan 2024 | HK$1.5t | HK$2.3t | HK$66.2b | 9.5x | 23.2x | 0.7x |
| Tue, 12 Dec 2023 | HK$1.6t | HK$2.3t | HK$66.2b | 9.8x | 23.5x | 0.7x |
| Thu, 09 Nov 2023 | HK$1.7t | HK$2.3t | HK$71.2b | 11x | 23.3x | 0.7x |
| Sat, 07 Oct 2023 | HK$1.5t | HK$2.3t | HK$71.0b | 9.9x | 20.6x | 0.6x |
| Mon, 04 Sep 2023 | HK$1.6t | HK$2.3t | HK$71.1b | 10.6x | 22.4x | 0.7x |
| Wed, 02 Aug 2023 | HK$1.6t | HK$2.4t | HK$80.8b | 10.4x | 20x | 0.7x |
| Fri, 30 Jun 2023 | HK$1.6t | HK$2.4t | HK$82.2b | 9x | 19.2x | 0.7x |
| Sun, 28 May 2023 | HK$1.6t | HK$2.4t | HK$83.1b | 8.4x | 18.7x | 0.6x |
| Tue, 25 Apr 2023 | HK$1.7t | HK$2.5t | HK$81.2b | 9.5x | 21.1x | 0.7x |
| Thu, 23 Mar 2023 | HK$1.7t | HK$2.5t | HK$71.0b | 8.4x | 23.9x | 0.7x |
| Sat, 18 Feb 2023 | HK$1.8t | HK$2.6t | HK$76.4b | 8.7x | 23.4x | 0.7x |
| Mon, 16 Jan 2023 | HK$1.8t | HK$2.6t | HK$76.4b | 8.3x | 23.3x | 0.7x |
| Wed, 14 Dec 2022 | HK$1.7t | HK$2.5t | HK$76.2b | 8.3x | 22.3x | 0.7x |
| Fri, 11 Nov 2022 | HK$1.6t | HK$2.5t | HK$77.2b | 7.8x | 20.1x | 0.6x |
| Sun, 09 Oct 2022 | HK$1.5t | HK$2.5t | HK$77.2b | 8.1x | 19.1x | 0.6x |
| Tue, 06 Sep 2022 | HK$1.6t | HK$2.6t | HK$79.2b | 8.6x | 20.5x | 0.6x |
| Thu, 04 Aug 2022 | HK$1.7t | HK$2.6t | HK$80.1b | 8.4x | 21.1x | 0.7x |
| Sat, 02 Jul 2022 | HK$1.9t | HK$2.6t | HK$82.4b | 9.1x | 23.5x | 0.7x |
| Mon, 30 May 2022 | HK$1.8t | HK$2.6t | HK$83.1b | 8.3x | 22.2x | 0.7x |
| Wed, 27 Apr 2022 | HK$1.7t | HK$2.6t | HK$90.1b | 9.1x | 19.1x | 0.7x |
Price to Earnings Ratio
19.1x
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 60.1x which is higher than its 3-year average PE of 33.7x.
- The 3-year average PS ratio of 0.74x 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 20% per year over the last three years.
- Meanwhile revenues have remained mostly flat.
- This means that although sales have remained flat, 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 | 1.91% | |
| Tech | -3.48% | |
| Semiconductors | -1.51% | |
| IT | -1.86% | |
| Communications | -2.15% | |
| Electronic Equipment and Components | -3.03% | |
| Tech Hardware | -4.65% | |
| Software | -4.96% | |
Industry PE
- Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 39.7x.
- Analysts are expecting annual earnings growth of 27.8%, which is higher than its past year's earnings decline of 49.8% per year.
Forecasted Growth
- Analysts are most optimistic on the Software industry, expecting annual earnings growth of 42% over the next 5 years.
- This is better than its past earnings growth rate of 2.2% per year.
- In contrast, the Electronic Equipment and Components industry is expected to see its earnings grow by 20% 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 | |
|---|---|---|---|---|---|
| 1347 Hua Hong Semiconductor | HK$36.15 | 4.9% +HK$2.9b | 149.3% | PE138.3x | |
| 2562 Synagistics | HK$17.72 | 22.9% +HK$1.4b | 139.5% | PS12.8x | |
| 2586 Dmall | HK$10.92 | 17.0% +HK$1.4b | n/a | PS5x | |
| 1675 AsiaInfo Technologies | HK$8.48 | 10.7% +HK$768.6m | 24.9% | PE13.7x | |
| 992 Lenovo Group | HK$8.08 | 0.6% +HK$620.2m | -1.5% | PE8.4x |
