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Hong Kong (HSI) Tech Sector Analysis

UpdatedJan 16, 2026
DataAggregated Company Financials
Companies219
  • 7D2.5%
  • 3M-2.5%
  • 1Y42.4%
  • YTD1.5%

Over the last 7 days, the Tech industry has risen 2.5%, driven by gains in Knowledge Atlas Technology and Semiconductor Manufacturing International of 58% and 6.5%, respectively. This means that the industry has gained 42% over the past year. As for the next few years, earnings are expected to grow by 28% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 17 Jan 2026HK$3.6tHK$2.9tHK$76.5b17.2x47.7x1.2x
Mon, 15 Dec 2025HK$3.5tHK$2.9tHK$76.9b16.4x45.2x1.2x
Wed, 12 Nov 2025HK$3.6tHK$2.8tHK$66.7b17.2x53.5x1.3x
Fri, 10 Oct 2025HK$4.2tHK$2.8tHK$66.8b19.3x62.5x1.5x
Sun, 07 Sep 2025HK$3.7tHK$2.8tHK$67.4b17.5x55.6x1.3x
Tue, 05 Aug 2025HK$3.4tHK$2.7tHK$54.1b16.8x63.6x1.3x
Thu, 03 Jul 2025HK$3.4tHK$2.7tHK$55.5b15.3x60.4x1.2x
Sat, 31 May 2025HK$3.0tHK$2.7tHK$52.4b13.1x57.1x1.1x
Mon, 28 Apr 2025HK$2.9tHK$2.6tHK$45.7b13.6x64.1x1.1x
Wed, 26 Mar 2025HK$3.2tHK$2.5tHK$40.2b13.1x80.4x1.3x
Fri, 21 Feb 2025HK$3.2tHK$2.4tHK$35.4b12.7x89.5x1.3x
Sun, 19 Jan 2025HK$2.5tHK$2.4tHK$35.6b11.7x69.5x1x
Tue, 17 Dec 2024HK$2.2tHK$2.4tHK$37.2b11.5x59.9x0.9x
Thu, 14 Nov 2024HK$2.2tHK$2.4tHK$33.0b11.6x67.6x0.9x
Sat, 12 Oct 2024HK$2.0tHK$2.4tHK$34.2b11.1x59.1x0.8x
Mon, 09 Sep 2024HK$1.6tHK$2.4tHK$34.2b10x45.9x0.7x
Wed, 07 Aug 2024HK$1.5tHK$2.3tHK$45.7b11.4x32.5x0.6x
Fri, 05 Jul 2024HK$1.7tHK$2.3tHK$44.7b11.5x37.1x0.7x
Sun, 02 Jun 2024HK$1.7tHK$2.3tHK$42.3b12.5x39.3x0.7x
Tue, 30 Apr 2024HK$1.6tHK$2.2tHK$43.1b11.7x36.6x0.7x
Thu, 28 Mar 2024HK$1.5tHK$2.3tHK$52.8b10.2x28.3x0.7x
Sat, 24 Feb 2024HK$1.4tHK$2.3tHK$63.5b9.6x21.8x0.6x
Mon, 22 Jan 2024HK$1.4tHK$2.3tHK$66.3b9.6x21.6x0.6x
Wed, 20 Dec 2023HK$1.6tHK$2.3tHK$66.3b9.6x24.1x0.7x
Fri, 17 Nov 2023HK$1.7tHK$2.3tHK$67.6b11.6x25.1x0.7x
Sun, 15 Oct 2023HK$1.5tHK$2.3tHK$70.9b10.2x21.6x0.7x
Tue, 12 Sep 2023HK$1.6tHK$2.3tHK$70.9b10.5x21.9x0.7x
Thu, 10 Aug 2023HK$1.6tHK$2.4tHK$80.2b10.2x19.8x0.7x
Sat, 08 Jul 2023HK$1.6tHK$2.4tHK$82.0b10x19x0.7x
Mon, 05 Jun 2023HK$1.6tHK$2.4tHK$83.2b8.6x18.9x0.7x
Wed, 03 May 2023HK$1.7tHK$2.5tHK$81.4b9x20.7x0.7x
Fri, 31 Mar 2023HK$1.7tHK$2.5tHK$75.6b8.8x22.8x0.7x
Sun, 26 Feb 2023HK$1.8tHK$2.5tHK$74.8b8.6x23.5x0.7x
Tue, 24 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 47.7x 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 1.2x.
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 4.1% 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 Market2.18%
Tech2.47%
IT12.80%
Software6.64%
Semiconductors2.89%
Electronic Equipment and Components2.83%
Tech Hardware0.0047%
Communications-1.38%
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 32.4%, 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/aPS214.5x
981 Semiconductor Manufacturing InternationalHK$79.206.5%
+HK$38.4b
100.8%PE131.1x
100 MiniMax GroupHK$438.0027.0%
+HK$28.8b
n/aPS269.2x
1347 Hua Hong SemiconductorHK$106.8017.0%
+HK$27.0b
337.7%PE1945.7x
6651 Beijing 51World Digital Twin TechnologyHK$72.0057.6%
+HK$10.7b
n/aPS84.9x

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