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Hong Kong (HSI) Tech Sector Analysis

UpdatedNov 29, 2022
DataAggregated Company Financials
Companies209
  • 7D-4.8%
  • 3M-11.7%
  • 1Y-39.0%
  • YTD-42.0%

Over the last 7 days, the Tech industry has dropped 4.8%, driven by a pullback from Xiaomi of 6.8%. However, the industry is down 39% over the past year. 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?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 29 Nov 2022HK$1.5tHK$2.5tHK$76.8b8.2x20x0.6x
Thu, 27 Oct 2022HK$1.5tHK$2.5tHK$77.0b8x18.9x0.6x
Sat, 24 Sep 2022HK$1.5tHK$2.5tHK$77.3b8.4x19.9x0.6x
Mon, 22 Aug 2022HK$1.7tHK$2.6tHK$68.5b8.9x25.1x0.7x
Wed, 20 Jul 2022HK$1.8tHK$2.6tHK$81.1b8.8x21.9x0.7x
Fri, 17 Jun 2022HK$1.9tHK$2.6tHK$83.1b8.2x23.1x0.7x
Sun, 15 May 2022HK$1.8tHK$2.6tHK$89.6b9x19.7x0.7x
Tue, 12 Apr 2022HK$1.9tHK$2.7tHK$90.2b9.6x21x0.7x
Thu, 10 Mar 2022HK$1.8tHK$2.6tHK$130.4b9.8x13.9x0.7x
Sat, 05 Feb 2022HK$2.1tHK$2.5tHK$123.1b11.1x17.1x0.8x
Mon, 03 Jan 2022HK$2.3tHK$2.5tHK$123.6b11.4x18.7x0.9x
Wed, 01 Dec 2021HK$2.3tHK$2.5tHK$123.2b11.4x18.9x0.9x
Fri, 29 Oct 2021HK$2.3tHK$2.4tHK$127.8b11.5x18.2x1x
Sun, 26 Sep 2021HK$2.4tHK$2.4tHK$127.6b11.9x18.7x1x
Tue, 24 Aug 2021HK$2.6tHK$2.5tHK$119.4b11.8x21.9x1.1x
Wed, 30 Jun 2021HK$2.8tHK$2.5tHK$119.4b11.6x23.6x1.1x
Sat, 03 Apr 2021HK$2.6tHK$2.3tHK$110.7b12.1x23.2x1.1x
Tue, 05 Jan 2021HK$2.7tHK$2.1tHK$87.4b12.4x30.9x1.3x
Fri, 09 Oct 2020HK$1.9tHK$2.0tHK$70.6b13.4x27.3x0.9x
Thu, 02 Jul 2020HK$1.5tHK$1.9tHK$62.2b12.8x24.2x0.8x
Sun, 05 Apr 2020HK$1.2tHK$1.9tHK$60.9b13.2x19x0.6x
Wed, 08 Jan 2020HK$1.4tHK$2.0tHK$65.9b15.6x20.7x0.7x
Price to Earnings Ratio

20.6x


Total Market Cap: HK$1.2tTotal Earnings: HK$59.3bTotal Revenue: HK$1.9tTotal Market Cap vs Earnings and Revenue0%0%0%
Hong Kong Tech Sector Price to Earnings3Y Average 22.9x202020212022
Current Industry PE
  • Investors are pessimistic on the Hong Kong Information Technology industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 20.0x which is lower than its 3-year average PE of 22.9x.
  • The industry is trading close to its 3-year average PS ratio of 0.88x.
Past Earnings Growth
  • The earnings for companies in the Information Technology industry have grown 9.0% per year over the last three years.
  • Revenues for these companies have grown 9.6% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

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

HK Market-0.40%
Tech-4.77%
Communications1.54%
Electronic Equipment and Components-3.02%
IT-4.09%
Semiconductors-4.60%
Tech Hardware-5.46%
Software-10.42%
Industry PE
  • Investors are most optimistic about the Communications industry which is trading above its 3-year average PE ratio of 30.1x.
    • Analysts expect its future annual earnings growth (31.2%) to be largely in line with prior year's earnings growth.
Forecasted Growth
  • Analysts are most optimistic on the Software industry, expecting annual earnings growth of 49% over the next 5 years.
  • This is better than its past earnings decline of 16% per year.
  • In contrast, the Semiconductors industry is expected to see its earnings grow by 4.2% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
285 BYD Electronic (International)HK$24.5512.1%
+HK$6.0b
-15.2%PE39.2x
2382 Sunny Optical Technology (Group)HK$90.053.0%
+HK$2.9b
-61.8%PE24.8x
1810 XiaomiHK$9.971.0%
+HK$2.5b
-48.3%PE125.3x
696 TravelSky TechnologyHK$14.264.9%
+HK$1.9b
10.5%PE53.5x
909 Ming Yuan Cloud Group HoldingsHK$6.0714.3%
+HK$1.4b
-72.8%PS5x
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Latest News

268

HK$12.22

Kingdee International Software Group

7D

-14.8%

1Y

-46.9%

981

HK$16.58

Semiconductor Manufacturing International

7D

-2.5%

1Y

-22.3%

303

HK$48.50

Vtech Holdings

7D

3.4%

1Y

-24.7%

1810

HK$9.34

Xiaomi

7D

-6.8%

1Y

-51.6%

2121

HK$19.78

Qingdao AInnovation Technology Group

7D

1.4%

1Y

n/a

1665

HK$0.70

Pentamaster International

7D

7.7%

1Y

-35.2%

3680

HK$1.38

Suoxinda Holdings

7D

25.5%

1Y

n/a

3396

HK$7.72

Legend Holdings

7D

0.9%

1Y

-37.4%

285

HK$23.35

BYD Electronic (International)

7D

3.8%

1Y

-26.7%

2382

HK$83.95

Sunny Optical Technology (Group)

7D

-5.9%

1Y

-64.7%

20

HK$1.73

SenseTime Group

7D

-10.8%

1Y

n/a

1010

HK$1.20

PacRay International Holdings

7D

69.0%

1Y

-70.9%