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Hong Kong (HSI) Tech Sector Analysis

UpdatedFeb 05, 2026
DataAggregated Company Financials
Companies218
  • 7D-7.5%
  • 3M-8.9%
  • 1Y17.4%
  • YTD-3.8%

Over the last 7 days, the Tech industry has dropped 3.0%, driven by Semiconductor Manufacturing International declining 13%. In contrast, Yangtze Optical Fibre And Cable Limited has gained 23%. This takes the industry's 12 month performance to a gain of 20%. 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?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 05 Feb 2026HK$3.4tHK$2.9tHK$76.4b16.1x45.1x1.2x
Sat, 03 Jan 2026HK$3.6tHK$2.9tHK$77.5b15.9x46.7x1.2x
Mon, 01 Dec 2025HK$3.4tHK$2.9tHK$77.4b16.3x43.5x1.2x
Wed, 29 Oct 2025HK$3.8tHK$2.8tHK$67.4b17.8x56.8x1.3x
Fri, 26 Sep 2025HK$4.2tHK$2.8tHK$67.3b18.5x62.3x1.5x
Sun, 24 Aug 2025HK$3.6tHK$2.8tHK$69.0b20.9x52.4x1.3x
Tue, 22 Jul 2025HK$3.4tHK$2.7tHK$55.3b16.8x61.9x1.3x
Thu, 19 Jun 2025HK$3.1tHK$2.7tHK$52.5b14x59.1x1.1x
Sat, 17 May 2025HK$3.1tHK$2.6tHK$46.1b13.8x66.4x1.2x
Mon, 14 Apr 2025HK$2.8tHK$2.6tHK$45.6b13.1x62.2x1.1x
Wed, 12 Mar 2025HK$3.3tHK$2.4tHK$35.8b13x92.6x1.4x
Fri, 07 Feb 2025HK$2.8tHK$2.4tHK$35.9b12.4x79.2x1.2x
Sun, 05 Jan 2025HK$2.4tHK$2.4tHK$35.5b11.3x68.1x1x
Tue, 03 Dec 2024HK$2.2tHK$2.4tHK$37.2b11.3x59.4x0.9x
Thu, 31 Oct 2024HK$2.1tHK$2.4tHK$32.6b12.5x65x0.9x
Sat, 28 Sep 2024HK$1.8tHK$2.4tHK$34.4b10.6x52.7x0.7x
Mon, 26 Aug 2024HK$1.6tHK$2.4tHK$41.0b11x39.5x0.7x
Wed, 24 Jul 2024HK$1.6tHK$2.3tHK$44.7b11.3x36.1x0.7x
Fri, 21 Jun 2024HK$1.8tHK$2.3tHK$42.2b12.6x41.8x0.8x
Sun, 19 May 2024HK$1.7tHK$2.2tHK$40.8b12.2x42.2x0.8x
Tue, 16 Apr 2024HK$1.5tHK$2.3tHK$44.6b11.2x33.7x0.7x
Thu, 14 Mar 2024HK$1.6tHK$2.2tHK$64.4b9.8x24.1x0.7x
Sat, 10 Feb 2024HK$1.3tHK$2.3tHK$64.4b9.3x20.5x0.6x
Mon, 08 Jan 2024HK$1.6tHK$2.3tHK$66.2b9.8x23.7x0.7x
Wed, 06 Dec 2023HK$1.5tHK$2.3tHK$66.4b10x23.2x0.7x
Fri, 03 Nov 2023HK$1.6tHK$2.3tHK$71.1b10x22.2x0.7x
Sun, 01 Oct 2023HK$1.5tHK$2.3tHK$70.2b10.1x21.3x0.7x
Tue, 29 Aug 2023HK$1.6tHK$2.3tHK$74.3b10.1x21.2x0.7x
Thu, 27 Jul 2023HK$1.6tHK$2.4tHK$82.1b9.7x19x0.7x
Sat, 24 Jun 2023HK$1.5tHK$2.4tHK$82.9b8.6x18.5x0.6x
Mon, 22 May 2023HK$1.6tHK$2.5tHK$79.9b8.7x20x0.6x
Wed, 19 Apr 2023HK$1.8tHK$2.5tHK$81.3b9.5x22.1x0.7x
Fri, 17 Mar 2023HK$1.7tHK$2.5tHK$73.6b8.6x23.1x0.7x
Sun, 12 Feb 2023HK$1.9tHK$2.6tHK$76.5b8.8x24.3x0.7x
Price to Earnings Ratio

24.3x


Total Market Cap: HK$1.9tTotal Earnings: HK$76.5bTotal Revenue: HK$2.6tTotal Market Cap vs Earnings and Revenue0%0%0%
Hong Kong Tech Sector Price to Earnings3Y Average 42.9x202420252026
Current Industry PE
  • Investors are relatively neutral on the Hong Kong Information Technology industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 42.9x.
  • 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 4.1% 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-3.32%
Tech-7.48%
Communications8.50%
Electronic Equipment and Components-3.01%
Tech Hardware-5.89%
Software-9.85%
IT-9.97%
Semiconductors-11.63%
Industry PE
  • Investors are most optimistic about the IT industry which is trading above its 3-year average PE ratio of 41.3x.
    • Analysts are expecting annual earnings growth of 56.0%, 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 56% 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?

CompanyLast Price7D1YValuation
6869 Yangtze Optical Fibre And Cable LimitedHK$86.5010.3%
+HK$6.7b		408.8%PE110.4x
992 Lenovo GroupHK$9.312.9%
+HK$3.2b		-19.0%PE9.1x
2635 Nuobikan Artificial Intelligence Technology (Chengdu)HK$471.006.2%
+HK$1.0b		n/aPE151.5x
1523 Plover Bay TechnologiesHK$7.407.6%
+HK$574.5m		47.1%PE25.8x
3393 Wasion HoldingsHK$23.901.9%
+HK$438.2m		181.2%PE26x

Latest News

3393
HK$23.90
Wasion Holdings
7D
1.9%
1Y
181.2%

3393: Brazilian Contract Win Will Support Fairly Valued Earnings Re‑Rating

Analysts have raised their price target on Wasion Holdings to approximately $24.80 from about $21.75, citing a slight adjustment to the discount rate, a small change in profit margin assumptions, a higher future P/E multiple and updated revenue growth expectations of around 30%. What's in the News Wasion Holdings reported that its wholly owned Brazilian subsidiary, Wasion da Amazonia Industria de Instrumentos Electronicos SA, won a CPFL project tender in December 2025 with a contract value above RMB 80 million, or about HK$88.32 million (Key Developments).
992
HK$9.31
Lenovo Group
7D
2.9%
1Y
-19.0%
1523
HK$7.40
Plover Bay Technologies
7D
7.6%
1Y
47.1%
6088
HK$4.74
FIT Hon Teng
7D
0.9%
1Y
23.1%

Returns At FIT Hon Teng (HKG:6088) Appear To Be Weighed Down

Jan 31
Returns At FIT Hon Teng (HKG:6088) Appear To Be Weighed Down
1347
HK$99.60
Hua Hong Semiconductor
7D
-14.3%
1Y
266.2%
268
HK$11.39
Kingdee International Software Group
7D
-18.8%
1Y
5.7%

268: Lower Discount Rate And Return To Profitability Will Support Higher Multiples

Analysts have nudged their implied price target for Kingdee International Software Group slightly higher to about HK$19.25, citing updated assumptions around discount rates, revenue growth, profit margins and future P/E levels. What's in the News The company issued earnings guidance for the year ended 31 December 2025, with total revenue expected in a range of RMB 6,950 million to RMB 7,050 million (Key Developments).
303
HK$62.55
Vtech Holdings
7D
2.7%
1Y
19.1%

303: Second Half Sales Recovery Will Support Stronger Profit Outlook

Analysts have kept their fair value estimate for VTech Holdings broadly unchanged at about HK$70.19 per share, with only slight tweaks to inputs such as the discount rate and assumed future P/E. This reflects a view that the stock's risk profile and long term earnings outlook remain broadly consistent with prior expectations.
981
HK$67.45
Semiconductor Manufacturing International
7D
-12.7%
1Y
40.8%

981: Flat Revenue Outlook And Stable Margins Will Support Fair Balance

Analysts have made a modest upward adjustment to their price target for Semiconductor Manufacturing International, reflecting fine tuned views on fair value, discount rate, growth, profit margin and future P/E assumptions. What's in the News Issued earnings guidance for fourth quarter 2025, with management indicating revenue is expected to be flat to up 2% quarter on quarter (Key Developments).
1810
HK$34.92
Xiaomi
7D
-4.6%
1Y
-13.9%

1810: Crypto And Electric Vehicle Push Will Drive Future Upside Potential

Analysts have made a small upward adjustment to their fair value estimate for Xiaomi to HK$79.45 from about HK$78.87, reflecting updated assumptions on revenue growth, discount rate and future P/E, alongside mixed recent Street views that include a reduced smartphone focused target and a more optimistic call on the company's electric vehicle potential. Analyst Commentary Bullish analysts are focusing on how Xiaomi's mix of smartphones, internet of things and electric vehicles could support the updated fair value estimate, even as some nearer term headwinds are flagged in recent research.
6869
HK$86.50
Yangtze Optical Fibre And Cable Limited
7D
10.3%
1Y
408.8%
20
HK$2.36
SenseTime Group
7D
-6.0%
1Y
37.2%

Subdued Growth No Barrier To SenseTime Group Inc. (HKG:20) With Shares Advancing 26%

Jan 16
Subdued Growth No Barrier To SenseTime Group Inc. (HKG:20) With Shares Advancing 26%
6082
HK$31.98
Shanghai Biren Technology
7D
-9.1%
1Y
n/a
6651
HK$74.60
Beijing 51World Digital Twin Technology
7D
-21.7%
1Y
n/a
2635
HK$471.00
Nuobikan Artificial Intelligence Technology (Chengdu)
7D
6.2%
1Y
n/a
2718
HK$223.80
Mininglamp Technology
7D
-12.9%
1Y
n/a
1384
HK$82.20
Deepexi Technology
7D
0.9%
1Y
n/a