Hong Kong (HSI) Tech Sector Analysis

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
Tue, 21 Jul 2026	HK$4.1t	HK$3.2t	HK$72.3b	18.9x	56.4x	1.3x
Thu, 18 Jun 2026	HK$4.5t	HK$3.2t	HK$73.4b	20.7x	61.7x	1.4x
Sat, 16 May 2026	HK$4.1t	HK$3.1t	HK$77.6b	19.2x	53.2x	1.3x
Mon, 13 Apr 2026	HK$3.7t	HK$3.1t	HK$76.7b	17.1x	47.9x	1.2x
Wed, 11 Mar 2026	HK$3.6t	HK$3.0t	HK$78.3b	16.1x	45.5x	1.2x
Fri, 06 Feb 2026	HK$3.4t	HK$2.9t	HK$76.4b	16.3x	45.1x	1.2x
Sun, 04 Jan 2026	HK$3.6t	HK$2.9t	HK$77.4b	15.9x	46.9x	1.2x
Tue, 02 Dec 2025	HK$3.4t	HK$2.9t	HK$77.4b	16.1x	43.6x	1.2x
Thu, 30 Oct 2025	HK$3.8t	HK$2.8t	HK$67.4b	17.8x	56.9x	1.3x
Sat, 27 Sep 2025	HK$4.0t	HK$2.8t	HK$67.2b	18.3x	59.3x	1.4x
Mon, 25 Aug 2025	HK$3.6t	HK$2.8t	HK$69.0b	20.9x	52.3x	1.3x
Wed, 23 Jul 2025	HK$3.4t	HK$2.7t	HK$55.3b	16.4x	62x	1.3x
Fri, 20 Jun 2025	HK$3.1t	HK$2.7t	HK$52.5b	13.7x	58.2x	1.1x
Sun, 18 May 2025	HK$3.1t	HK$2.6t	HK$46.1b	13.8x	66.4x	1.2x
Tue, 15 Apr 2025	HK$2.8t	HK$2.6t	HK$45.5b	13.1x	62.2x	1.1x
Thu, 13 Mar 2025	HK$3.2t	HK$2.4t	HK$35.7b	13x	90.5x	1.3x
Sat, 08 Feb 2025	HK$2.9t	HK$2.4t	HK$35.9b	12.9x	81.1x	1.2x
Mon, 06 Jan 2025	HK$2.4t	HK$2.4t	HK$35.5b	11.3x	68.1x	1x
Wed, 04 Dec 2024	HK$2.2t	HK$2.4t	HK$37.2b	11.1x	59.7x	0.9x
Fri, 01 Nov 2024	HK$2.1t	HK$2.4t	HK$32.6b	12.4x	65x	0.9x
Sun, 29 Sep 2024	HK$1.8t	HK$2.4t	HK$34.3b	10.6x	52.8x	0.7x
Tue, 27 Aug 2024	HK$1.6t	HK$2.4t	HK$40.7b	10.8x	39.8x	0.7x
Thu, 25 Jul 2024	HK$1.6t	HK$2.3t	HK$44.7b	11.3x	35.2x	0.7x
Sat, 22 Jun 2024	HK$1.7t	HK$2.3t	HK$42.2b	12x	41.1x	0.8x
Mon, 20 May 2024	HK$1.7t	HK$2.2t	HK$40.8b	12.2x	42.2x	0.8x
Wed, 17 Apr 2024	HK$1.5t	HK$2.3t	HK$44.6b	10.9x	33.6x	0.7x
Fri, 15 Mar 2024	HK$1.5t	HK$2.2t	HK$64.4b	9.8x	23.6x	0.7x
Sun, 11 Feb 2024	HK$1.3t	HK$2.3t	HK$64.4b	9.3x	20.3x	0.6x
Tue, 09 Jan 2024	HK$1.5t	HK$2.3t	HK$66.2b	9.6x	23.1x	0.7x
Thu, 07 Dec 2023	HK$1.6t	HK$2.3t	HK$66.3b	10x	23.6x	0.7x
Sat, 04 Nov 2023	HK$1.6t	HK$2.3t	HK$71.1b	10.5x	22.8x	0.7x
Mon, 02 Oct 2023	HK$1.5t	HK$2.3t	HK$70.9b	10.1x	21.1x	0.7x
Wed, 30 Aug 2023	HK$1.6t	HK$2.3t	HK$72.2b	10.6x	22.3x	0.7x
Fri, 28 Jul 2023	HK$1.6t	HK$2.4t	HK$81.5b	9.6x	19.4x	0.7x

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 56.4x which is higher than its 3-year average PE of 47.7x.

The 3-year average PS ratio of 0.99x 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 declined 3.9% per year over the last three years.
Meanwhile revenues for these companies have grown 10% 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, which has decreased profits.

Industry Trends

Which industries have driven the changes within the Hong Kong Tech sector?


HK Market	3.06%
Tech	-5.14%
IT	8.10%
Tech Hardware	1.91%
Communications	0.34%
Software	-2.62%
Electronic Equipment and Components	-6.60%
Semiconductors	-10.50%

Industry PE

Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 455x.

Analysts are expecting annual earnings growth of 34.6%, 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 20% per year.

In contrast, the Tech Hardware industry is expected to see its earnings grow by 21% 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
1810 Xiaomi	HK$27.42	5.3% +HK$35.3b	-52.7%	PE17.2x
9903 Shanghai Iluvatar CoreX Semiconductor	HK$582.50	16.5% +HK$21.0b	n/a	PS123.7x
3317 Shenzhen Xunce Technology	HK$126.00	39.1% +HK$11.4b	n/a	PS27.3x
20 SenseTime Group	HK$1.40	6.1% +HK$3.4b	-12.5%	PS10.2x
2556 Marketingforce Management	HK$40.36	35.2% +HK$2.8b	-32.6%	PE104.8x

ASMPT Limited Announces Appointment of Bassel Haddad as Executive Director, Effective August 11, 2026

ASMPT Limited announced that Mr. Bassel Haddad was appointed as Executive Director of the Company with effect from August 11, 2026. Mr. Haddad, aged 51, is a seasoned semiconductor business, product and engineering executive with more than 25 years of experience leading global organisations, driving innovation and delivering scalable technology solutions. Throughout his professional career spanning engineering, product development, and global business operations, Mr. Haddad successfully managed complex businesses with multi-billion-dollar P&L responsibility, driving growth through a combination of strategic vision, operational excellence and customer focus. With leadership experience spanning the full semiconductor value chain — including fabless companies, integrated device manufacturers (IDMs) and foundries — Mr. Haddad brings a uniquely comprehensive industry expertise and perspective. His deep understanding of semiconductor design, product strategy, manufacturing and operations positions him to accelerate ASMPT growth and innovation agenda at a pivotal moment for both the Company and the semiconductor industry. Prior to joining the Company, Mr. Haddad served as Senior Vice President and General Manager, Foundry Solutions and Technology Platforms at SkyWater Technology Inc., where he was responsible for leading foundry and advanced technology services, including overall business strategy, go-to-market efforts and profit and loss accountability. Earlier, as Senior Vice President and General Manager of Advanced Packaging at SkyWater, he led SkyWater’s advanced packaging business including technology development, engineering, marketing and fab operations. Prior to joining SkyWater in 2024, Mr. Haddad spent 14 years at Intel Corporation, where he held various senior leadership roles, including Vice President and General Manager, Edge Computing and AI, Network & Edge Group; Vice President and General Manager, Core, Graphics & Entry; Vice President and General Manager, Roadmap, Products and Architecture (IoT). Mr. Haddad holds Bachelor’s and Master’s degrees in Electrical Engineering from the Technion – Israel Institute of Technology. He is the primary inventor on several patents issued by the United States Patent and Trademark Office in the areas of digital communication and systems architecture.

Hong Kong (HSI) Tech Sector Analysis

Sector Valuation and Performance

Industry Trends

Top Stock Gainers and Losers

Latest News

ASMPT Limited Announces Appointment of Bassel Haddad as Executive Director, Effective August 11, 2026

Xiaomi Corporation to Report First Half, 2026 Results on Aug 18, 2026

Now 40% undervalued

Yangtze Optical Fibre and Cable Expects Sevenfold Jump in First-Half 2026 Net Profit

268: Revised Fair Value And P/E Assumptions Will Support Share Rerating

2018: Future Dividend Payouts Will Support Higher Share Price Potential

981: Rich P/E And Modest Margin Gains Will Keep Shares Overpriced

New major risk - Share price stability

1347: Acquisition Progress And Rich P/E Will Eventually Reveal Downside Risk

New major risk - Share price stability

Now 22% undervalued

Shanghai Iluvatar CoreX Semiconductor Co., Ltd. has filed a Follow-on Equity Offering in the amount of HKD 7.071932 billion.

Now 20% overvalued

Shenzhen Xunce Technology Co., Ltd. has filed a Follow-on Equity Offering in the amount of HKD 784.3791 million.

New major risk - Share price stability

Marketingforce Management Plans HK$500 Million Share Issue With 4.6% Dilution for Growth