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Hong Kong (HSI) Tech Sector Analysis
UpdatedApr 22, 2026
DataAggregated Company Financials
Companies226
- 7D4.6%
- 3M3.0%
- 1Y21.6%
- YTD4.2%
Over the last 7 days, the Tech industry has risen 5.6%, driven by gains from Xiaomi of 4.9%. In the same time, MiniMax Group was down 5.5%. This means that the industry has gained 25% over the past year. As for the next few years, earnings are expected to grow by 33% per annum.
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, 22 Apr 2026 | HK$4.0t | HK$3.1t | HK$76.6b | 17.7x | 52.5x | 1.3x |
| Fri, 20 Mar 2026 | HK$3.5t | HK$3.0t | HK$86.1b | 15.4x | 41x | 1.2x |
| 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 |
Price to Earnings Ratio
20.8x
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 52.3x which is higher than its 3-year average PE of 44.5x.
- The 3-year average PS ratio of 0.93x 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 7.8% 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 | 1.66% | |
| Tech | 4.57% | |
| Semiconductors | 6.72% | |
| Electronic Equipment and Components | 5.19% | |
| Software | 4.95% | |
| Tech Hardware | 4.91% | |
| IT | -0.10% | |
| Communications | -1.79% | |
Industry PE
- Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 393x.
- Analysts are expecting annual earnings growth of 34.2%, which is higher than its past year's earnings decline of 10.9% per year.
Forecasted Growth
- Analysts are most optimistic on the Software industry, expecting annual earnings growth of 82% over the next 5 years.
- This is better than its past earnings decline of 7.6% 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$986.00 | 13.7% +HK$53.1b | n/a | PS528.8x | |
| 6869 Yangtze Optical Fibre And Cable Limited | HK$247.20 | 20.2% +HK$34.2b | 1,758.6% | PE217.5x | |
| 100 MiniMax Group | HK$928.00 | 9.5% +HK$24.9b | n/a | PS463.7x | |
| 1810 Xiaomi | HK$31.80 | 2.9% +HK$23.2b | -33.0% | PE17.2x | |
| 6082 Shanghai Biren Technology | HK$48.00 | 24.4% +HK$23.0b | n/a | PS98.6x |
