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Hong Kong (HSI) Tech Sector Analysis
UpdatedJun 07, 2025
DataAggregated Company Financials
Companies209
- 7D2.8%
- 3M-14.3%
- 1Y68.4%
- YTD28.5%
The Tech industry is up 2.6% in the last week, with Xiaomi up 4.2%. This takes the industry's 12 month performance to a gain of 68%. Looking forward, earnings are forecast to grow by 24% 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 |
|---|---|---|---|---|---|---|
| Sat, 07 Jun 2025 | HK$3.1t | HK$2.7t | HK$52.5b | 13.6x | 58.7x | 1.1x |
| Mon, 05 May 2025 | HK$3.1t | HK$2.6t | HK$44.9b | 13.4x | 70x | 1.2x |
| Wed, 02 Apr 2025 | HK$3.0t | HK$2.6t | HK$45.8b | 14.2x | 65.3x | 1.2x |
| Fri, 28 Feb 2025 | HK$3.4t | HK$2.5t | HK$38.1b | 13.3x | 87.9x | 1.4x |
| Sun, 26 Jan 2025 | HK$2.6t | HK$2.4t | HK$35.7b | 12.4x | 72.7x | 1.1x |
| Tue, 24 Dec 2024 | HK$2.3t | HK$2.4t | HK$37.1b | 11.3x | 62.3x | 1x |
| Thu, 21 Nov 2024 | HK$2.2t | HK$2.4t | HK$37.5b | 11.7x | 57.8x | 0.9x |
| Sat, 19 Oct 2024 | HK$2.1t | HK$2.4t | HK$33.7b | 11.6x | 62.4x | 0.9x |
| Mon, 16 Sep 2024 | HK$1.5t | HK$2.4t | HK$34.3b | 10.2x | 45.1x | 0.6x |
| Wed, 14 Aug 2024 | HK$1.6t | HK$2.3t | HK$43.7b | 11.3x | 35.5x | 0.7x |
| Fri, 12 Jul 2024 | HK$1.7t | HK$2.3t | HK$44.7b | 11.9x | 37.6x | 0.7x |
| Sun, 09 Jun 2024 | HK$1.7t | HK$2.3t | HK$42.2b | 12.2x | 39.8x | 0.7x |
| Tue, 07 May 2024 | HK$1.6t | HK$2.3t | HK$43.1b | 12x | 38.2x | 0.7x |
| Thu, 04 Apr 2024 | HK$1.5t | HK$2.3t | HK$44.6b | 11x | 33.9x | 0.7x |
| Sat, 02 Mar 2024 | HK$1.4t | HK$2.3t | HK$64.0b | 9.1x | 22.5x | 0.6x |
| Mon, 29 Jan 2024 | HK$1.4t | HK$2.3t | HK$66.3b | 9.5x | 21.3x | 0.6x |
| Wed, 27 Dec 2023 | HK$1.6t | HK$2.3t | HK$66.4b | 9.8x | 23.9x | 0.7x |
| Fri, 24 Nov 2023 | HK$1.6t | HK$2.3t | HK$72.7b | 11x | 22.6x | 0.7x |
| Sun, 22 Oct 2023 | HK$1.5t | HK$2.3t | HK$70.9b | 10.1x | 21.4x | 0.7x |
| Tue, 19 Sep 2023 | HK$1.5t | HK$2.3t | HK$70.8b | 10.7x | 21.8x | 0.7x |
| Thu, 17 Aug 2023 | HK$1.5t | HK$2.4t | HK$79.0b | 10.6x | 19.1x | 0.6x |
| Sat, 15 Jul 2023 | HK$1.6t | HK$2.4t | HK$82.2b | 10x | 19.6x | 0.7x |
| Mon, 12 Jun 2023 | HK$1.6t | HK$2.4t | HK$83.0b | 8.7x | 18.9x | 0.7x |
| Wed, 10 May 2023 | HK$1.6t | HK$2.5t | HK$81.3b | 9x | 19.7x | 0.6x |
| Fri, 07 Apr 2023 | HK$1.8t | HK$2.5t | HK$81.6b | 10.4x | 22.1x | 0.7x |
| Sun, 05 Mar 2023 | HK$1.8t | HK$2.5t | HK$74.4b | 9x | 24.4x | 0.7x |
| Tue, 31 Jan 2023 | HK$1.9t | HK$2.6t | HK$76.5b | 8.7x | 24.4x | 0.7x |
| Thu, 29 Dec 2022 | HK$1.7t | HK$2.5t | HK$76.3b | 8.2x | 22.3x | 0.7x |
| Sat, 26 Nov 2022 | HK$1.6t | HK$2.5t | HK$76.5b | 8.3x | 20.3x | 0.6x |
| Mon, 24 Oct 2022 | HK$1.4t | HK$2.5t | HK$77.0b | 7.9x | 18.7x | 0.6x |
| Wed, 21 Sep 2022 | HK$1.6t | HK$2.6t | HK$77.3b | 8.4x | 20.9x | 0.6x |
| Fri, 19 Aug 2022 | HK$1.7t | HK$2.6t | HK$76.4b | 8.8x | 22.5x | 0.7x |
| Sun, 17 Jul 2022 | HK$1.8t | HK$2.6t | HK$81.1b | 8.8x | 21.9x | 0.7x |
| Tue, 14 Jun 2022 | HK$2.0t | HK$2.6t | HK$83.1b | 8.6x | 23.6x | 0.8x |
Price to Earnings Ratio
23.6x
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 59.7x which is higher than its 3-year average PE of 35.6x.
- The 3-year average PS ratio of 0.76x 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 declined 14% 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 | 2.26% | |
| Tech | 2.79% | |
| Communications | 5.02% | |
| Electronic Equipment and Components | 4.36% | |
| Tech Hardware | 3.95% | |
| IT | 3.89% | |
| Software | 0.48% | |
| Semiconductors | 0.0058% | |
Industry PE
- Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 64.3x.
- Analysts are expecting annual earnings growth of 29.6%, which is higher than its past year's earnings decline of 52.4% per year.
Forecasted Growth
- Analysts are most optimistic on the Software industry, expecting annual earnings growth of 37% over the next 5 years.
- This is better than its past earnings growth rate of 2.2% per year.
- In contrast, the IT industry is expected to see its earnings grow by 19% 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$53.10 | 4.2% +HK$55.8b | 201.4% | PE41.5x | |
| 1888 Kingboard Laminates Holdings | HK$9.80 | 11.7% +HK$3.2b | 21.1% | PE23.1x | |
| 6088 FIT Hon Teng | HK$2.40 | 17.1% +HK$2.5b | -2.4% | PE14.1x | |
| 1686 SUNeVision Holdings | HK$7.25 | 7.9% +HK$2.2b | 168.5% | PE30.9x | |
| 268 Kingdee International Software Group | HK$12.88 | 4.7% +HK$2.1b | 62.6% | PS6.7x |
