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Hong Kong (HSI) Tech Sector Analysis

UpdatedFeb 13, 2026
DataAggregated Company Financials
Companies219
  • 7D6.3%
  • 3M-0.2%
  • 1Y16.8%
  • YTD2.0%

The Tech industry is up 5.3% in the last week, with Knowledge Atlas Technology up 86%. During this same period, the Beijing 51World Digital Twin Technology underperformed, falling 15%. In the last 12 months, the industry was up 12%. As for the next few years, earnings are expected to grow by 29% per annum.

Sector Valuation and Performance

Has the Hong Kong Tech Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 13 Feb 2026HK$3.7tHK$2.9tHK$76.6b16x47.8x1.2x
Sun, 11 Jan 2026HK$3.6tHK$2.9tHK$76.3b16.2x46.9x1.2x
Tue, 09 Dec 2025HK$3.5tHK$2.9tHK$76.9b16.2x45.6x1.2x
Thu, 06 Nov 2025HK$3.6tHK$2.8tHK$66.8b16.5x53.4x1.3x
Sat, 04 Oct 2025HK$4.3tHK$2.8tHK$66.8b20x64x1.5x
Mon, 01 Sep 2025HK$3.8tHK$2.8tHK$68.0b19x55.3x1.3x
Wed, 30 Jul 2025HK$3.5tHK$2.7tHK$55.2b16.9x62.6x1.3x
Fri, 27 Jun 2025HK$3.3tHK$2.7tHK$55.7b14.6x58.6x1.2x
Sun, 25 May 2025HK$3.1tHK$2.7tHK$45.1b13.6x68.5x1.2x
Tue, 22 Apr 2025HK$2.7tHK$2.6tHK$45.7b13.2x59.9x1.1x
Thu, 20 Mar 2025HK$3.4tHK$2.5tHK$37.3b12.9x91x1.4x
Sat, 15 Feb 2025HK$3.0tHK$2.4tHK$35.9b12.6x83.7x1.2x
Mon, 13 Jan 2025HK$2.3tHK$2.1tHK$14.8b11x159x1.1x
Wed, 11 Dec 2024HK$2.3tHK$2.4tHK$37.2b11x61.9x0.9x
Fri, 08 Nov 2024HK$2.2tHK$2.4tHK$32.4b12.2x68.6x0.9x
Sun, 06 Oct 2024HK$2.1tHK$2.4tHK$34.1b11.6x61.2x0.9x
Tue, 03 Sep 2024HK$1.6tHK$2.4tHK$34.3b9.8x46.7x0.7x
Thu, 01 Aug 2024HK$1.6tHK$2.3tHK$45.1b11.7x34.8x0.7x
Sat, 29 Jun 2024HK$1.7tHK$2.3tHK$44.9b11.6x36.8x0.7x
Mon, 27 May 2024HK$1.7tHK$2.3tHK$41.9b12x39.5x0.7x
Wed, 24 Apr 2024HK$1.5tHK$2.3tHK$43.6b10.9x33.3x0.6x
Fri, 22 Mar 2024HK$1.5tHK$2.2tHK$51.8b10.5x29.6x0.7x
Sun, 18 Feb 2024HK$1.4tHK$2.3tHK$64.3b9.4x21.3x0.6x
Tue, 16 Jan 2024HK$1.5tHK$2.3tHK$66.2b9.5x23x0.7x
Thu, 14 Dec 2023HK$1.6tHK$2.3tHK$66.3b9.3x23.8x0.7x
Sat, 11 Nov 2023HK$1.6tHK$2.3tHK$70.3b10.3x22.8x0.7x
Mon, 09 Oct 2023HK$1.5tHK$2.3tHK$71.0b9.9x20.6x0.6x
Wed, 06 Sep 2023HK$1.6tHK$2.3tHK$70.8b10.7x22.4x0.7x
Fri, 04 Aug 2023HK$1.6tHK$2.4tHK$81.1b10.4x19.8x0.7x
Sun, 02 Jul 2023HK$1.6tHK$2.4tHK$82.2b10.3x19.2x0.7x
Tue, 30 May 2023HK$1.6tHK$2.4tHK$83.0b8.5x18.7x0.6x
Thu, 27 Apr 2023HK$1.7tHK$2.5tHK$81.2b8.9x20.4x0.7x
Sat, 25 Mar 2023HK$1.8tHK$2.5tHK$74.0b8.5x23.9x0.7x
Mon, 20 Feb 2023HK$1.8tHK$2.5tHK$74.8b8.7x23.9x0.7x
Price to Earnings Ratio

23.9x


Total Market Cap: HK$1.8tTotal Earnings: HK$74.8bTotal Revenue: HK$2.5tTotal Market Cap vs Earnings and Revenue0%0%0%
Hong Kong Tech Sector Price to Earnings3Y Average 43.1x202420252026
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 47.4x which is higher than its 3-year average PE of 43.1x.
  • 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 4.9% 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 Market1.61%
Tech6.28%
Communications19.99%
IT10.43%
Electronic Equipment and Components7.61%
Semiconductors5.93%
Software4.30%
Tech Hardware3.64%
Industry PE
  • Investors are most optimistic about the IT industry which is trading above its 3-year average PE ratio of 41.5x.
    • Analysts are expecting annual earnings growth of 58.4%, 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 57% 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
2513 Knowledge Atlas TechnologyHK$485.00138.7%
+HK$125.6b		n/aPS416.9x
100 MiniMax GroupHK$680.0047.5%
+HK$67.7b		n/aPS417.1x
1810 XiaomiHK$36.844.7%
+HK$42.9b		-17.6%PE19.1x
9903 Shanghai Iluvatar CoreX SemiconductorHK$268.6062.6%
+HK$26.3b		n/aPS90.6x
981 Semiconductor Manufacturing InternationalHK$70.354.1%
+HK$22.0b		54.4%PE116.2x

Latest News

981
HK$70.35
Semiconductor Manufacturing International
7D
4.1%
1Y
54.4%
100
HK$680.00
MiniMax Group
7D
47.5%
1Y
n/a
1888
HK$19.38
Kingboard Laminates Holdings
7D
32.2%
1Y
140.4%
1415
HK$28.34
Cowell e Holdings
7D
-2.6%
1Y
-4.6%

With Cowell e Holdings Inc. (HKG:1415) It Looks Like You'll Get What You Pay For

Feb 10
With Cowell e Holdings Inc. (HKG:1415) It Looks Like You'll Get What You Pay For
2635
HK$445.40
Nuobikan Artificial Intelligence Technology (Chengdu)
7D
-13.2%
1Y
n/a
285
HK$32.78
BYD Electronic (International)
7D
-3.4%
1Y
-44.3%

Is Now The Time To Put BYD Electronic (International) (HKG:285) On Your Watchlist?

Feb 09
Is Now The Time To Put BYD Electronic (International) (HKG:285) On Your Watchlist?
1347
HK$98.75
Hua Hong Semiconductor
7D
-0.5%
1Y
285.0%

1347: Elevated Valuation Will Face Test At Upcoming Shareholder Meetings

Analysts have raised their fair value estimate for Hua Hong Semiconductor from about US$22.38 to roughly US$28.98 per share. They cite updated assumptions that include a slightly lower discount rate, moderated revenue growth expectations, higher projected profit margins, and a reduced future P/E multiple.
1810
HK$36.84
Xiaomi
7D
4.7%
1Y
-17.6%

1810: EV Push And Electronics Self Reliance Will Drive Future Upside

Narrative Update Analysts have trimmed their fair value estimate for Xiaomi from HK$57.80 to about HK$57.33, reflecting slightly lower revenue growth expectations and a higher discount rate. They still highlight support from its electric vehicle ambitions and smartphone and internet of things exposure, despite near term pressure on margins and previous target cuts.
596
HK$4.04
Inspur Digital Enterprise Technology
7D
-8.2%
1Y
-30.2%
2382
HK$57.15
Sunny Optical Technology (Group)
7D
-2.4%
1Y
-34.7%

2382: 2025 Profit Guidance And Share Buybacks May Support Future Upside

Analysts have nudged their fair value estimate for Sunny Optical Technology (Group) slightly lower from HK$136.44 to HK$135.23, reflecting updated assumptions for revenue growth, profit margins, and a higher expected future P/E multiple. What's in the News Sunny Optical issued earnings guidance for the year to 31 December 2025, indicating an expected profit attributable to owners of approximately RMB 4,588.6 million to RMB 4,723.5 million, compared with approximately RMB 2,699.2 million for 2024 (company guidance).
6869
HK$110.30
Yangtze Optical Fibre And Cable Limited
7D
21.5%
1Y
518.3%
2513
HK$485.00
Knowledge Atlas Technology
7D
138.7%
1Y
n/a
2436
HK$10.86
LX Technology Group
7D
-13.1%
1Y
209.4%
9903
HK$268.60
Shanghai Iluvatar CoreX Semiconductor
7D
62.6%
1Y
n/a
6651
HK$62.85
Beijing 51World Digital Twin Technology
7D
-15.1%
1Y
n/a
9660
HK$8.96
Horizon Robotics
7D
11.2%
1Y
31.4%