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Hong Kong (HSI) Tech Sector Analysis
UpdatedFeb 18, 2026
DataAggregated Company Financials
Companies219
- 7D1.7%
- 3M4.1%
- 1Y6.2%
- YTD2.5%
MiniMax Group is up 57%, leading the way for the Tech industry, which has gained 1.7%. This takes the industry's 12 month performance to a gain of 6.2%. Looking forward, earnings are forecast to grow by 29% 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 |
|---|---|---|---|---|---|---|
| Wed, 18 Feb 2026 | HK$3.7t | HK$3.0t | HK$75.4b | 16.1x | 49.3x | 1.3x |
| Fri, 16 Jan 2026 | HK$3.6t | HK$2.9t | HK$76.5b | 17.2x | 47.7x | 1.2x |
| Sun, 14 Dec 2025 | HK$3.5t | HK$2.9t | HK$76.9b | 16.4x | 45.2x | 1.2x |
| Tue, 11 Nov 2025 | HK$3.6t | HK$2.8t | HK$66.7b | 16.5x | 53.7x | 1.3x |
| Thu, 09 Oct 2025 | HK$4.2t | HK$2.8t | HK$66.8b | 19.4x | 63.2x | 1.5x |
| Sat, 06 Sep 2025 | HK$3.7t | HK$2.8t | HK$67.4b | 17.5x | 55.6x | 1.3x |
| Mon, 04 Aug 2025 | HK$3.3t | HK$2.7t | HK$53.9b | 17x | 62x | 1.2x |
| Wed, 02 Jul 2025 | HK$3.4t | HK$2.7t | HK$55.8b | 14.6x | 60.3x | 1.2x |
| Fri, 30 May 2025 | HK$3.1t | HK$2.7t | HK$52.4b | 13.4x | 58.4x | 1.1x |
| Sun, 27 Apr 2025 | HK$2.9t | HK$2.6t | HK$45.7b | 13.6x | 64.1x | 1.1x |
| Tue, 25 Mar 2025 | HK$3.4t | HK$2.5t | HK$39.3b | 12.8x | 86x | 1.3x |
| Thu, 20 Feb 2025 | HK$3.1t | HK$2.4t | HK$35.4b | 12.6x | 88.3x | 1.3x |
| Sat, 18 Jan 2025 | HK$2.5t | HK$2.4t | HK$35.6b | 11.7x | 69.4x | 1x |
| Mon, 16 Dec 2024 | HK$2.3t | HK$2.4t | HK$37.2b | 11.3x | 61.5x | 0.9x |
| Wed, 13 Nov 2024 | HK$2.2t | HK$2.4t | HK$33.1b | 11.6x | 67x | 0.9x |
| Fri, 11 Oct 2024 | HK$2.0t | HK$2.4t | HK$34.2b | 11.1x | 59.1x | 0.8x |
| Sun, 08 Sep 2024 | HK$1.6t | HK$2.4t | HK$34.3b | 10x | 45.9x | 0.7x |
| Tue, 06 Aug 2024 | HK$1.5t | HK$2.3t | HK$45.6b | 11.2x | 32.3x | 0.6x |
| Thu, 04 Jul 2024 | HK$1.7t | HK$2.3t | HK$44.7b | 11.6x | 37.1x | 0.7x |
| Sat, 01 Jun 2024 | HK$1.7t | HK$2.3t | HK$42.3b | 12.3x | 39.3x | 0.7x |
| Mon, 29 Apr 2024 | HK$1.6t | HK$2.2t | HK$43.1b | 11.3x | 36.1x | 0.7x |
| Wed, 27 Mar 2024 | HK$1.5t | HK$2.2t | HK$51.0b | 10.3x | 29.9x | 0.7x |
| Fri, 23 Feb 2024 | HK$1.4t | HK$2.3t | HK$64.3b | 9.7x | 21.6x | 0.6x |
| Sun, 21 Jan 2024 | HK$1.4t | HK$2.3t | HK$66.3b | 9.6x | 21.6x | 0.6x |
| Tue, 19 Dec 2023 | HK$1.6t | HK$2.3t | HK$66.3b | 9.8x | 24.1x | 0.7x |
| Thu, 16 Nov 2023 | HK$1.7t | HK$2.3t | HK$67.7b | 11.7x | 25x | 0.7x |
| Sat, 14 Oct 2023 | HK$1.5t | HK$2.3t | HK$70.9b | 10.2x | 21.6x | 0.7x |
| Mon, 11 Sep 2023 | HK$1.5t | HK$2.3t | HK$70.7b | 10.9x | 21.9x | 0.7x |
| Wed, 09 Aug 2023 | HK$1.6t | HK$2.4t | HK$80.0b | 10.3x | 19.9x | 0.7x |
| Fri, 07 Jul 2023 | HK$1.6t | HK$2.4t | HK$81.8b | 10.1x | 19.3x | 0.7x |
| Sun, 04 Jun 2023 | HK$1.6t | HK$2.4t | HK$83.2b | 8.6x | 18.9x | 0.7x |
| Tue, 02 May 2023 | HK$1.7t | HK$2.5t | HK$81.4b | 8.9x | 20.7x | 0.7x |
| Thu, 30 Mar 2023 | HK$1.7t | HK$2.8t | HK$145.6b | 8.6x | 11.8x | 0.6x |
| Sat, 25 Feb 2023 | HK$1.8t | HK$2.5t | HK$74.8b | 8.6x | 23.6x | 0.7x |
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 49.3x which is higher than its 3-year average PE of 43.2x.
- The 3-year average PS ratio of 0.90x 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 5.4% 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 | -0.79% | |
| Tech | 1.68% | |
| Software | 3.45% | |
| Tech Hardware | 2.54% | |
| Electronic Equipment and Components | 2.16% | |
| IT | 0.78% | |
| Semiconductors | 0.55% | |
| Communications | 0.19% | |
Industry PE
- Investors are most optimistic about the IT industry which is trading above its 3-year average PE ratio of 41.7x.
- Analysts are expecting annual earnings growth of 58.8%, 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 | |
|---|---|---|---|---|---|
| 100 MiniMax Group | HK$847.00 | 57.1% +HK$95.3b | n/a | PS519.6x | |
| 2513 Knowledge Atlas Technology | HK$508.00 | 59.8% +HK$84.8b | n/a | PS436.8x | |
| 1810 Xiaomi | HK$36.66 | 3.0% +HK$27.7b | -24.3% | PE19x | |
| 9903 Shanghai Iluvatar CoreX Semiconductor | HK$269.00 | 40.0% +HK$19.5b | n/a | PS90.8x | |
| 1888 Kingboard Laminates Holdings | HK$19.57 | 16.2% +HK$8.6b | 126.0% | PE40.1x |
