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Hong Kong (HSI) Tech Sector Analysis

UpdatedMar 31, 2026
DataAggregated Company Financials
Companies225
  • 7D1.1%
  • 3M-7.8%
  • 1Y-1.6%
  • YTD-9.2%

The Tech industry is up 1.1% in the last week, with Knowledge Atlas Technology up 24%. During this same period, the Semiconductor Manufacturing International underperformed, falling 5.1%. Despite this gain, the industry's performance has been flat over the past year. As for the next few years, earnings are expected to grow by 32% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 31 Mar 2026HK$3.4tHK$3.0tHK$70.9b16.4x48.4x1.1x
Thu, 26 Feb 2026HK$3.7tHK$3.0tHK$75.7b16.2x48.9x1.2x
Sat, 24 Jan 2026HK$3.6tHK$2.9tHK$76.1b18.6x47.8x1.2x
Mon, 22 Dec 2025HK$3.3tHK$2.9tHK$77.0b15.8x43.4x1.2x
Wed, 19 Nov 2025HK$3.4tHK$2.8tHK$67.1b16.6x51.4x1.2x
Fri, 17 Oct 2025HK$3.8tHK$2.8tHK$66.6b18.3x57.4x1.4x
Sun, 14 Sep 2025HK$3.9tHK$2.8tHK$67.3b19x57.3x1.4x
Tue, 12 Aug 2025HK$3.4tHK$2.7tHK$53.9b19.3x62.7x1.3x
Thu, 10 Jul 2025HK$3.3tHK$2.7tHK$55.3b16x60x1.2x
Sat, 07 Jun 2025HK$3.1tHK$2.7tHK$52.5b13.6x58.7x1.1x
Mon, 05 May 2025HK$3.1tHK$2.6tHK$44.9b13.4x70x1.2x
Wed, 02 Apr 2025HK$3.0tHK$2.6tHK$45.8b14.2x65.3x1.2x
Fri, 28 Feb 2025HK$3.4tHK$2.5tHK$38.1b13.3x87.9x1.4x
Sun, 26 Jan 2025HK$2.6tHK$2.4tHK$35.7b12.4x72.7x1.1x
Tue, 24 Dec 2024HK$2.3tHK$2.4tHK$37.1b11.3x62.3x1x
Thu, 21 Nov 2024HK$2.2tHK$2.4tHK$37.5b11.7x57.8x0.9x
Sat, 19 Oct 2024HK$2.1tHK$2.4tHK$33.7b11.6x62.4x0.9x
Mon, 16 Sep 2024HK$1.5tHK$2.4tHK$34.3b10.2x45.1x0.6x
Wed, 14 Aug 2024HK$1.6tHK$2.3tHK$43.7b11.3x35.5x0.7x
Fri, 12 Jul 2024HK$1.7tHK$2.3tHK$44.7b11.9x37.6x0.7x
Sun, 09 Jun 2024HK$1.7tHK$2.3tHK$42.2b12.2x39.8x0.7x
Tue, 07 May 2024HK$1.6tHK$2.3tHK$43.1b12x38.2x0.7x
Thu, 04 Apr 2024HK$1.5tHK$2.3tHK$44.6b11x33.9x0.7x
Sat, 02 Mar 2024HK$1.4tHK$2.3tHK$64.0b9.1x22.5x0.6x
Mon, 29 Jan 2024HK$1.4tHK$2.3tHK$66.3b9.5x21.3x0.6x
Wed, 27 Dec 2023HK$1.6tHK$2.3tHK$66.4b9.8x23.9x0.7x
Fri, 24 Nov 2023HK$1.6tHK$2.3tHK$72.7b11x22.6x0.7x
Sun, 22 Oct 2023HK$1.5tHK$2.3tHK$70.9b10.1x21.4x0.7x
Tue, 19 Sep 2023HK$1.5tHK$2.3tHK$70.8b10.7x21.8x0.7x
Thu, 17 Aug 2023HK$1.5tHK$2.4tHK$79.0b10.6x19.1x0.6x
Sat, 15 Jul 2023HK$1.6tHK$2.4tHK$82.2b10x19.6x0.7x
Mon, 12 Jun 2023HK$1.6tHK$2.4tHK$83.0b8.7x18.9x0.7x
Wed, 10 May 2023HK$1.6tHK$2.5tHK$81.3b9x19.7x0.6x
Fri, 07 Apr 2023HK$1.8tHK$2.5tHK$81.6b10.4x22.1x0.7x
Price to Earnings Ratio

22.1x


Total Market Cap: HK$1.8tTotal Earnings: HK$81.6bTotal Revenue: HK$2.5tTotal Market Cap vs Earnings and Revenue0%0%0%
Hong Kong Tech Sector Price to Earnings3Y Average 44x202420252026
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 48.4x which is higher than its 3-year average PE of 44.0x.
  • The 3-year average PS ratio of 0.92x is lower than the industry's current PS ratio of 1.1x.
Past Earnings Growth
  • The earnings for companies in the Information Technology industry have declined 4.6% per year over the last three years.
  • Meanwhile revenues for these companies have grown 6.6% 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, which has decreased profits.

Industry Trends

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

HK Market1.44%
Tech1.07%
IT19.41%
Communications18.04%
Electronic Equipment and Components3.12%
Tech Hardware1.34%
Semiconductors-4.45%
Software-4.82%
Industry PE
  • Investors are most optimistic about the IT industry which is trading above its 3-year average PE ratio of 43.4x.
    • Analysts are expecting annual earnings growth of 87.8%, which is higher than its past year's earnings decline of 11.9% per year.
Forecasted Growth
  • Analysts are most optimistic on the IT industry, expecting annual earnings growth of 88% over the next 5 years.
  • This is better than its past earnings decline of 12% per year.
  • In contrast, the Tech Hardware industry is expected to see its earnings grow by 15% 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$733.5024.3%
+HK$64.0b		n/aPS629.3x
6869 Yangtze Optical Fibre And Cable LimitedHK$197.0035.0%
+HK$42.0b		1,146.8%PE175.5x
100 MiniMax GroupHK$1.01k10.6%
+HK$30.2b		n/aPS506.4x
3317 Shenzhen Xunce TechnologyHK$204.2050.1%
+HK$22.0b		n/aPS45.2x
1810 XiaomiHK$32.381.0%
+HK$8.3b		-34.2%PE17.8x

Latest News

1810
HK$32.38
Xiaomi
7D
1.0%
1Y
-34.2%

Xiaomi's (HKG:1810) Earnings Are Weaker Than They Seem

Mar 31
Xiaomi's (HKG:1810) Earnings Are Weaker Than They Seem
285
HK$29.12
BYD Electronic (International)
7D
-4.2%
1Y
-27.7%

Earnings Miss: BYD Electronic (International) Company Limited Missed EPS By 24% And Analysts Are Revising Their Forecasts

Mar 30
Earnings Miss: BYD Electronic (International) Company Limited Missed EPS By 24% And Analysts Are Revising Their Forecasts
9903
HK$240.00
Shanghai Iluvatar CoreX Semiconductor
7D
-8.4%
1Y
n/a
981
HK$51.40
Semiconductor Manufacturing International
7D
-5.1%
1Y
11.5%
1347
HK$81.50
Hua Hong Semiconductor
7D
-2.2%
1Y
162.5%
6869
HK$197.00
Yangtze Optical Fibre And Cable Limited
7D
35.0%
1Y
1,146.8%
2577
HK$51.60
InnoScience (Suzhou) Technology Holding
7D
-8.8%
1Y
20.4%
3317
HK$204.20
Shenzhen Xunce Technology
7D
50.1%
1Y
n/a
3393
HK$29.32
Wasion Holdings
7D
12.2%
1Y
258.4%
6651
HK$42.60
Beijing 51World Digital Twin Technology
7D
-15.7%
1Y
n/a
9660
HK$6.80
Horizon Robotics
7D
-4.9%
1Y
1.9%
992
HK$9.23
Lenovo Group
7D
4.2%
1Y
-11.9%

992: AI Hardware Cycles And Hybrid Cloud Plans Will Shape Fairly Priced Outlook

Analysts have slightly trimmed their HK$ price target on Lenovo Group, reflecting small adjustments to revenue growth and P/E expectations alongside a modest improvement in the profit margin outlook. What's in the News Dell, Lenovo and other PC makers are reported to be working with Nvidia on laptops using an Arm based Nvidia MediaTek system on a chip, with potential launch timing in the first half of 2026.
6088
HK$7.31
FIT Hon Teng
7D
13.2%
1Y
207.1%
2513
HK$733.50
Knowledge Atlas Technology
7D
24.3%
1Y
n/a
100
HK$1,014.00
MiniMax Group
7D
10.6%
1Y
n/a

Colleague Level AI Agents And Multimodal Content Will Support A Fair Long Term Outlook

Catalysts About MiniMax Group MiniMax Group develops large scale AI models and agent products across language, video, speech and music for global enterprises, developers and consumers. What are the underlying business or industry changes driving this perspective?
2706
HK$53.50
Beijing Haizhi Technology Group
7D
-24.5%
1Y
n/a