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Hong Kong (HSI) Tech Sector Analysis
UpdatedFeb 15, 2026
DataAggregated Company Financials
Companies219
- 7D6.3%
- 3M-0.4%
- 1Y11.3%
- YTD2.9%
Over the last 7 days, the Tech industry has risen 6.3%, driven by gains from Knowledge Atlas Technology of 139%. In the same time, Beijing 51World Digital Twin Technology was down 15%. This takes the industry's 12 month performance to a gain of 11%. Earnings are forecast to grow by 30% 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, 15 Feb 2026 | HK$3.7t | HK$3.0t | HK$75.4b | 16.1x | 49.2x | 1.2x |
| Tue, 13 Jan 2026 | HK$3.7t | HK$2.9t | HK$76.4b | 16.8x | 47.8x | 1.2x |
| Thu, 11 Dec 2025 | HK$3.5t | HK$2.9t | HK$77.8b | 16.2x | 44.9x | 1.2x |
| Sat, 08 Nov 2025 | HK$3.6t | HK$2.8t | HK$66.7b | 16.5x | 53.7x | 1.3x |
| Mon, 06 Oct 2025 | HK$4.3t | HK$2.8t | HK$66.8b | 20x | 64x | 1.5x |
| Wed, 03 Sep 2025 | HK$3.8t | HK$2.8t | HK$67.6b | 18.1x | 56.5x | 1.3x |
| Fri, 01 Aug 2025 | HK$3.3t | HK$2.7t | HK$55.2b | 18.5x | 60.7x | 1.2x |
| Sun, 29 Jun 2025 | HK$3.3t | HK$2.7t | HK$55.7b | 14.2x | 59.6x | 1.2x |
| Tue, 27 May 2025 | HK$3.0t | HK$2.7t | HK$45.1b | 13.7x | 67.2x | 1.1x |
| Thu, 24 Apr 2025 | HK$2.9t | HK$2.6t | HK$45.7b | 13.5x | 64.3x | 1.1x |
| Sat, 22 Mar 2025 | HK$3.2t | HK$2.5t | HK$38.0b | 12.7x | 84.5x | 1.3x |
| Mon, 17 Feb 2025 | HK$3.0t | HK$2.4t | HK$35.5b | 12.6x | 84.9x | 1.2x |
| Wed, 15 Jan 2025 | HK$2.4t | HK$2.4t | HK$35.6b | 11.1x | 67.1x | 1x |
| Fri, 13 Dec 2024 | HK$2.3t | HK$2.4t | HK$37.2b | 11.4x | 62.5x | 1x |
| Sun, 10 Nov 2024 | HK$2.2t | HK$2.4t | HK$33.1b | 12.2x | 67.7x | 0.9x |
| Tue, 08 Oct 2024 | HK$2.2t | HK$2.4t | HK$34.2b | 12.8x | 65x | 0.9x |
| Thu, 05 Sep 2024 | HK$1.6t | HK$2.4t | HK$34.3b | 9.9x | 46x | 0.7x |
| Sat, 03 Aug 2024 | HK$1.5t | HK$2.3t | HK$45.7b | 11.7x | 33.2x | 0.7x |
| Mon, 01 Jul 2024 | HK$1.7t | HK$2.3t | HK$44.8b | 11.6x | 36.9x | 0.7x |
| Wed, 29 May 2024 | HK$1.7t | HK$2.3t | HK$42.2b | 12.3x | 40x | 0.7x |
| Fri, 26 Apr 2024 | HK$1.5t | HK$2.2t | HK$42.9b | 11x | 34.8x | 0.7x |
| Sun, 24 Mar 2024 | HK$1.5t | HK$2.2t | HK$50.8b | 10.3x | 30.5x | 0.7x |
| Tue, 20 Feb 2024 | HK$1.3t | HK$2.3t | HK$64.3b | 9.5x | 21x | 0.6x |
| Thu, 18 Jan 2024 | HK$1.4t | HK$2.3t | HK$66.1b | 9.4x | 21.6x | 0.6x |
| Sat, 16 Dec 2023 | HK$1.6t | HK$2.3t | HK$66.5b | 9.9x | 24.4x | 0.7x |
| Mon, 13 Nov 2023 | HK$1.6t | HK$2.3t | HK$67.5b | 10.5x | 23.8x | 0.7x |
| Wed, 11 Oct 2023 | HK$1.5t | HK$2.3t | HK$70.9b | 10x | 20.9x | 0.7x |
| Fri, 08 Sep 2023 | HK$1.5t | HK$2.3t | HK$70.7b | 10.5x | 21.8x | 0.7x |
| Sun, 06 Aug 2023 | HK$1.6t | HK$2.4t | HK$81.1b | 10.2x | 19.9x | 0.7x |
| Tue, 04 Jul 2023 | HK$1.6t | HK$2.4t | HK$81.9b | 10.1x | 19.7x | 0.7x |
| Thu, 01 Jun 2023 | HK$1.5t | HK$2.4t | HK$83.1b | 8.3x | 18.5x | 0.6x |
| Sat, 29 Apr 2023 | HK$1.7t | HK$2.5t | HK$80.7b | 9.1x | 20.8x | 0.7x |
| Mon, 27 Mar 2023 | HK$1.8t | HK$2.5t | HK$73.1b | 8.8x | 24.2x | 0.7x |
| Wed, 22 Feb 2023 | HK$1.8t | HK$2.5t | HK$74.8b | 8.7x | 23.9x | 0.7x |
Price to Earnings Ratio
23.9x
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 49.2x which is higher than its 3-year average PE of 43.1x.
- The 3-year average PS ratio of 0.90x 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 5.2% 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 | 0.51% | |
| Tech | 6.29% | |
| Communications | 10.83% | |
| IT | 9.80% | |
| Software | 6.76% | |
| Electronic Equipment and Components | 6.72% | |
| Semiconductors | 6.70% | |
| Tech Hardware | 4.17% | |
Industry PE
- Investors are most optimistic about the IT industry which is trading above its 3-year average PE ratio of 41.6x.
- Analysts are expecting annual earnings growth of 59.1%, which is higher than its past year's earnings growth of 4.1% per year.
Forecasted Growth
- Analysts are most optimistic on the IT industry, expecting annual earnings growth of 59% over the next 5 years.
- This is better than its past earnings growth rate of 4.1% 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$485.00 | 138.7% +HK$125.6b | n/a | PS416.9x | |
| 100 MiniMax Group | HK$680.00 | 47.5% +HK$67.7b | n/a | PS417x | |
| 1810 Xiaomi | HK$36.84 | 4.7% +HK$42.8b | -17.6% | PE19.1x | |
| 9903 Shanghai Iluvatar CoreX Semiconductor | HK$268.60 | 62.6% +HK$26.3b | n/a | PS90.6x | |
| 981 Semiconductor Manufacturing International | HK$70.35 | 4.1% +HK$22.0b | 54.4% | PE116.1x |
