Subdued Growth No Barrier To SenseTime Group Inc. (HKG:20) With Shares Advancing 26%
Jan 16
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Hong Kong (HSI) Tech Sector Analysis
UpdatedJan 19, 2026
DataAggregated Company Financials
Companies218
- 7D3.3%
- 3M-4.4%
- 1Y40.3%
- YTD2.2%
The Tech industry is up 3.3% in the last week, with Hua Hong Semiconductor up 12%. Meanwhile, Xiaomi actually underperformed within the industry, shrinking 5.8% in the last week. This takes the industry's 12 month performance to a gain of 40%. Earnings are forecast to grow by 28% annually.
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 |
|---|---|---|---|---|---|---|
| Tue, 20 Jan 2026 | HK$3.7t | HK$2.9t | HK$76.1b | 17.5x | 48.2x | 1.3x |
| Thu, 18 Dec 2025 | HK$3.4t | HK$2.9t | HK$76.9b | 15.8x | 43.6x | 1.2x |
| Sat, 15 Nov 2025 | HK$3.5t | HK$2.8t | HK$67.3b | 16x | 52.5x | 1.2x |
| Mon, 13 Oct 2025 | HK$4.0t | HK$2.8t | HK$66.7b | 18.5x | 60x | 1.4x |
| Wed, 10 Sep 2025 | HK$3.8t | HK$2.8t | HK$67.4b | 18.1x | 56x | 1.3x |
| Fri, 08 Aug 2025 | HK$3.4t | HK$2.7t | HK$53.9b | 19x | 63.6x | 1.3x |
| Sun, 06 Jul 2025 | HK$3.3t | HK$2.7t | HK$55.3b | 16.1x | 59.9x | 1.2x |
| Tue, 03 Jun 2025 | HK$3.0t | HK$2.7t | HK$52.4b | 13.1x | 57.1x | 1.1x |
| Thu, 01 May 2025 | HK$3.0t | HK$2.6t | HK$45.0b | 13.4x | 67.2x | 1.2x |
| Sat, 29 Mar 2025 | HK$3.2t | HK$2.5t | HK$36.2b | 13.7x | 87.1x | 1.2x |
| Mon, 24 Feb 2025 | HK$3.4t | HK$2.5t | HK$38.2b | 13.5x | 88x | 1.4x |
| Wed, 22 Jan 2025 | HK$2.5t | HK$2.4t | HK$35.6b | 11.7x | 71.4x | 1x |
| Fri, 20 Dec 2024 | HK$2.3t | HK$2.4t | HK$37.2b | 11.2x | 60.7x | 0.9x |
| Sun, 17 Nov 2024 | HK$2.2t | HK$2.4t | HK$34.0b | 11.3x | 63.4x | 0.9x |
| Tue, 15 Oct 2024 | HK$2.0t | HK$2.4t | HK$34.2b | 11.1x | 58.6x | 0.8x |
| Thu, 12 Sep 2024 | HK$1.5t | HK$2.4t | HK$34.2b | 9.8x | 44.9x | 0.6x |
| Sat, 10 Aug 2024 | HK$1.5t | HK$2.3t | HK$43.2b | 11.5x | 35.4x | 0.7x |
| Mon, 08 Jul 2024 | HK$1.6t | HK$2.3t | HK$44.7b | 11.8x | 36.4x | 0.7x |
| Wed, 05 Jun 2024 | HK$1.7t | HK$2.3t | HK$42.3b | 12.6x | 39.9x | 0.7x |
| Fri, 03 May 2024 | HK$1.6t | HK$2.2t | HK$43.1b | 11.9x | 37.4x | 0.7x |
| Sun, 31 Mar 2024 | HK$1.5t | HK$2.3t | HK$44.6b | 11.1x | 33.8x | 0.7x |
| Tue, 27 Feb 2024 | HK$1.4t | HK$2.3t | HK$63.2b | 9.4x | 22x | 0.6x |
| Thu, 25 Jan 2024 | HK$1.5t | HK$2.3t | HK$66.6b | 9.3x | 21.9x | 0.6x |
| Sat, 23 Dec 2023 | HK$1.6t | HK$2.3t | HK$66.4b | 9.8x | 23.9x | 0.7x |
| Mon, 20 Nov 2023 | HK$1.6t | HK$2.3t | HK$65.5b | 11.7x | 25.2x | 0.7x |
| Wed, 18 Oct 2023 | HK$1.5t | HK$2.3t | HK$71.0b | 10.2x | 21.5x | 0.7x |
| Fri, 15 Sep 2023 | HK$1.6t | HK$2.3t | HK$70.9b | 11.2x | 22.1x | 0.7x |
| Sun, 13 Aug 2023 | HK$1.5t | HK$2.4t | HK$78.9b | 10.7x | 19.6x | 0.7x |
| Tue, 11 Jul 2023 | HK$1.6t | HK$2.4t | HK$81.9b | 9.7x | 19.1x | 0.7x |
| Thu, 08 Jun 2023 | HK$1.6t | HK$2.4t | HK$83.1b | 8.8x | 19.1x | 0.7x |
| Sat, 06 May 2023 | HK$1.7t | HK$2.5t | HK$81.4b | 9x | 20.3x | 0.7x |
| Mon, 03 Apr 2023 | HK$1.7t | HK$2.5t | HK$81.6b | 10x | 21.2x | 0.7x |
| Wed, 01 Mar 2023 | HK$1.7t | HK$2.5t | HK$75.0b | 8.5x | 23x | 0.7x |
| Fri, 27 Jan 2023 | HK$1.9t | HK$2.6t | HK$76.4b | 8.6x | 24.9x | 0.7x |
Price to Earnings Ratio
24.9x
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 48.2x which is higher than its 3-year average PE of 42.5x.
- The 3-year average PS ratio of 0.89x 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 3.9% 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 Market | 1.58% | |
| Tech | 3.25% | |
| IT | 9.72% | |
| Semiconductors | 6.47% | |
| Software | 5.11% | |
| Electronic Equipment and Components | 3.85% | |
| Communications | 2.84% | |
| Tech Hardware | -1.78% | |
Industry PE
- Investors are most optimistic about the IT industry which is trading above its 3-year average PE ratio of 40.8x.
- Analysts are expecting annual earnings growth of 32.6%, which is higher than its past year's earnings growth of 4.1% per year.
Forecasted Growth
- Analysts are most optimistic on the Software industry, expecting annual earnings growth of 53% over the next 5 years.
- This is better than its past earnings growth rate of 30% 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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 1347 Hua Hong Semiconductor | HK$102.60 | 12.1% +HK$19.2b | 333.8% | PE1869.8x | |
| 981 Semiconductor Manufacturing International | HK$77.00 | 2.3% +HK$13.6b | 95.4% | PE127.5x | |
| 6651 Beijing 51World Digital Twin Technology | HK$68.40 | 42.2% +HK$8.2b | n/a | PS80.6x | |
| 2513 Knowledge Atlas Technology | HK$224.00 | 7.5% +HK$6.9b | n/a | PS192.1x | |
| 6869 Yangtze Optical Fibre And Cable Limited | HK$55.05 | 13.8% +HK$5.5b | 301.8% | PE70.6x |
