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Hong Kong (HSI) Tech Sector Analysis

UpdatedJan 19, 2026
DataAggregated Company Financials
Companies218
  • 7D3.3%
  • 3M-4.4%
  • 1Y40.3%
  • YTD2.2%

In the last week, the Tech industry is up 3.3%, with Knowledge Atlas Technology leading the way, up 58%. This means that the industry has gained 40% over the past year. Looking forward, 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?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 19 Jan 2026HK$3.7tHK$2.9tHK$76.1b17.5x48.2x1.3x
Wed, 17 Dec 2025HK$3.3tHK$2.9tHK$76.9b15.7x43x1.1x
Fri, 14 Nov 2025HK$3.6tHK$2.8tHK$66.8b16.5x54.2x1.3x
Sun, 12 Oct 2025HK$4.0tHK$2.8tHK$66.7b18.5x60x1.4x
Tue, 09 Sep 2025HK$3.8tHK$2.8tHK$67.4b17.8x56.1x1.3x
Thu, 07 Aug 2025HK$3.5tHK$2.7tHK$53.9b18.5x64.4x1.3x
Sat, 05 Jul 2025HK$3.3tHK$2.7tHK$55.3b16.1x59.9x1.2x
Mon, 02 Jun 2025HK$3.0tHK$2.7tHK$52.4b13.1x57.1x1.1x
Wed, 30 Apr 2025HK$2.9tHK$2.6tHK$45.7b13.5x64.1x1.1x
Fri, 28 Mar 2025HK$3.3tHK$2.5tHK$38.0b13.2x85.7x1.3x
Sun, 23 Feb 2025HK$3.4tHK$2.4tHK$35.4b13.5x94.8x1.4x
Tue, 21 Jan 2025HK$2.5tHK$2.4tHK$35.6b11.3x69.6x1x
Thu, 19 Dec 2024HK$2.3tHK$2.4tHK$37.1b11.5x60.6x0.9x
Sat, 16 Nov 2024HK$2.2tHK$2.4tHK$33.1b11.3x65.1x0.9x
Mon, 14 Oct 2024HK$2.0tHK$2.4tHK$34.2b11.1x58.6x0.8x
Wed, 11 Sep 2024HK$1.5tHK$2.4tHK$34.1b10x44.9x0.6x
Fri, 09 Aug 2024HK$1.5tHK$2.3tHK$45.6b11.4x33x0.7x
Sun, 07 Jul 2024HK$1.6tHK$2.3tHK$44.7b11.8x36.4x0.7x
Tue, 04 Jun 2024HK$1.7tHK$2.3tHK$42.3b12.5x40.1x0.7x
Thu, 02 May 2024HK$1.6tHK$2.2tHK$43.1b11.7x36.3x0.7x
Sat, 30 Mar 2024HK$1.5tHK$2.3tHK$44.5b11x33.9x0.7x
Mon, 26 Feb 2024HK$1.4tHK$2.3tHK$63.3b9.3x21.8x0.6x
Wed, 24 Jan 2024HK$1.4tHK$2.3tHK$66.2b9.3x21.4x0.6x
Fri, 22 Dec 2023HK$1.6tHK$2.3tHK$66.3b9.9x24.2x0.7x
Sun, 19 Nov 2023HK$1.6tHK$2.3tHK$65.5b11.7x25.2x0.7x
Tue, 17 Oct 2023HK$1.5tHK$2.3tHK$71.0b10.2x21.5x0.7x
Thu, 14 Sep 2023HK$1.6tHK$2.3tHK$70.9b11.3x22x0.7x
Sat, 12 Aug 2023HK$1.5tHK$2.4tHK$78.8b10.7x19.6x0.7x
Mon, 10 Jul 2023HK$1.6tHK$2.4tHK$82.0b10x19x0.7x
Wed, 07 Jun 2023HK$1.6tHK$2.4tHK$83.0b8.6x18.8x0.7x
Fri, 05 May 2023HK$1.7tHK$2.5tHK$81.4b9.2x20.3x0.7x
Sun, 02 Apr 2023HK$1.7tHK$2.5tHK$81.6b10x21.2x0.7x
Tue, 28 Feb 2023HK$1.7tHK$2.5tHK$74.8b8.5x23.3x0.7x
Thu, 26 Jan 2023HK$1.8tHK$2.6tHK$76.4b8.4x23.9x0.7x
Price to Earnings Ratio

23.9x


Total Market Cap: HK$1.8tTotal Earnings: HK$76.4bTotal Revenue: HK$2.6tTotal Market Cap vs Earnings and Revenue0%0%0%
Hong Kong Tech Sector Price to Earnings3Y Average 42.5x202420252026
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 48.2x which is higher than its 3-year average PE of 42.5x.
  • The 3-year average PS ratio of 0.89x is lower than the industry's current PS ratio of 1.3x.
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 Market1.58%
Tech3.25%
IT9.72%
Semiconductors6.47%
Software5.11%
Electronic Equipment and Components3.85%
Communications2.84%
Tech Hardware-1.78%
Industry PE
  • Investors are most optimistic about the IT industry which is trading above its 3-year average PE ratio of 40.7x.
    • Analysts are expecting annual earnings growth of 32.6%, 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 15% 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
2513 Knowledge Atlas TechnologyHK$250.0057.6%
+HK$40.2b
n/aPS214.6x
981 Semiconductor Manufacturing InternationalHK$79.205.2%
+HK$31.2b
101.0%PE131.1x
100 MiniMax GroupHK$438.0027.0%
+HK$28.8b
n/aPS269.3x
1347 Hua Hong SemiconductorHK$106.8017.0%
+HK$27.0b
337.7%PE1946.4x
6082 Shanghai Biren TechnologyHK$38.1412.0%
+HK$9.8b
n/aPS229.2x

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