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Hong Kong (HSI) Tech Sector Analysis

UpdatedApr 03, 2026
DataAggregated Company Financials
Companies224
  • 7D-2.7%
  • 3M-11.6%
  • 1Y1.9%
  • YTD-11.1%

Over the last 7 days, the Tech industry has dropped 2.7%, driven by a pullback from Xiaomi of 6.4%. On the other hand Knowledge Atlas Technology is actually up 17%. Over the last year, the industry has been flat overall. Looking forward, earnings are forecast to grow by 31% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 04 Apr 2026HK$3.4tHK$3.1tHK$75.1b16.8x45.1x1.1x
Mon, 02 Mar 2026HK$3.7tHK$3.0tHK$76.9b16.7x47.9x1.2x
Wed, 28 Jan 2026HK$3.6tHK$2.9tHK$76.2b18.3x47.5x1.2x
Fri, 26 Dec 2025HK$3.4tHK$2.9tHK$77.3b15.6x44.1x1.2x
Sun, 23 Nov 2025HK$3.2tHK$2.9tHK$76.2b15.5x42.4x1.1x
Tue, 21 Oct 2025HK$3.6tHK$2.8tHK$66.6b17.9x54.7x1.3x
Thu, 18 Sep 2025HK$4.0tHK$2.8tHK$67.4b18.8x59.6x1.4x
Sat, 16 Aug 2025HK$3.5tHK$2.7tHK$56.8b21.7x62.5x1.3x
Mon, 14 Jul 2025HK$3.3tHK$2.7tHK$55.3b16.1x60.5x1.2x
Wed, 11 Jun 2025HK$3.1tHK$2.7tHK$52.5b13.8x59.4x1.2x
Fri, 09 May 2025HK$3.1tHK$2.6tHK$45.1b13.3x67.9x1.2x
Sun, 06 Apr 2025HK$2.9tHK$2.6tHK$45.7b13.9x64.2x1.1x
Tue, 04 Mar 2025HK$3.2tHK$2.4tHK$34.8b12.7x90.6x1.3x
Thu, 30 Jan 2025HK$2.6tHK$2.4tHK$35.7b11.6x72.4x1.1x
Sat, 28 Dec 2024HK$2.5tHK$2.4tHK$36.0b11.5x68.5x1x
Mon, 25 Nov 2024HK$2.1tHK$2.4tHK$37.5b11.3x57.2x0.9x
Wed, 23 Oct 2024HK$2.1tHK$2.4tHK$33.7b11.6x62.3x0.9x
Fri, 20 Sep 2024HK$1.6tHK$2.4tHK$34.3b10.5x46.1x0.7x
Sun, 18 Aug 2024HK$1.6tHK$2.3tHK$40.3b11.9x39x0.7x
Tue, 16 Jul 2024HK$1.7tHK$2.3tHK$44.7b12.1x37x0.7x
Thu, 13 Jun 2024HK$1.7tHK$2.3tHK$42.2b12.2x39.8x0.7x
Sat, 11 May 2024HK$1.7tHK$2.2tHK$40.9b12.5x41.6x0.8x
Mon, 08 Apr 2024HK$1.5tHK$2.3tHK$44.6b11.6x33.7x0.7x
Wed, 06 Mar 2024HK$1.4tHK$2.3tHK$63.9b9.3x22.2x0.6x
Fri, 02 Feb 2024HK$1.3tHK$2.3tHK$65.7b9.4x19.4x0.6x
Sun, 31 Dec 2023HK$1.6tHK$2.3tHK$66.4b10.3x24.7x0.7x
Tue, 28 Nov 2023HK$1.6tHK$2.3tHK$72.6b10.9x22.4x0.7x
Thu, 26 Oct 2023HK$1.5tHK$2.3tHK$71.4b10.1x21.2x0.7x
Sat, 23 Sep 2023HK$1.5tHK$2.3tHK$70.8b10.5x21.2x0.7x
Mon, 21 Aug 2023HK$1.5tHK$2.3tHK$76.3b11.1x19.6x0.6x
Wed, 19 Jul 2023HK$1.6tHK$2.4tHK$82.0b9.9x19.4x0.7x
Fri, 16 Jun 2023HK$1.7tHK$2.4tHK$82.7b8.7x20x0.7x
Sun, 14 May 2023HK$1.6tHK$2.5tHK$80.2b8.6x19.8x0.6x
Tue, 11 Apr 2023HK$1.8tHK$2.5tHK$81.3b9.7x22.2x0.7x
Price to Earnings Ratio

22.2x


Total Market Cap: HK$1.8tTotal Earnings: HK$81.3bTotal Revenue: HK$2.5tTotal Market Cap vs Earnings and Revenue0%0%0%
Hong Kong Tech Sector Price to Earnings3Y Average 44.1x202420252026
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 44.1x.
  • 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 2.6% per year over the last three years.
  • Meanwhile revenues for these companies have grown 7.4% 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 Market1.46%
Tech-2.65%
IT11.03%
Communications0.071%
Electronic Equipment and Components-0.082%
Tech Hardware-3.67%
Software-4.66%
Semiconductors-4.68%
Industry PE
  • Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 383x.
    • Analysts are expecting annual earnings growth of 28.7%, which is higher than its past year's earnings decline of 16.2% per year.
Forecasted Growth
  • Analysts are most optimistic on the IT industry, expecting annual earnings growth of 89% over the next 5 years.
  • This is better than its past earnings growth rate of 1.5% 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$779.0016.6%
+HK$49.5b		n/aPS421.1x
6869 Yangtze Optical Fibre And Cable LimitedHK$189.009.7%
+HK$13.7b		1,082.7%PE167.6x
2382 Sunny Optical Technology (Group)HK$59.9011.4%
+HK$6.6b		-14.0%PE12.1x
992 Lenovo GroupHK$9.693.1%
+HK$3.6b		-1.4%PE10.4x
3317 Shenzhen Xunce TechnologyHK$198.505.3%
+HK$3.2b		n/aPS43.8x

Latest News

285
HK$27.20
BYD Electronic (International)
7D
-11.1%
1Y
-26.7%
981
HK$51.00
Semiconductor Manufacturing International
7D
-2.9%
1Y
13.2%

Investors Shouldn't Be Too Comfortable With Semiconductor Manufacturing International's (HKG:981) Earnings

Apr 02
Investors Shouldn't Be Too Comfortable With Semiconductor Manufacturing International's (HKG:981) Earnings
1810
HK$30.88
Xiaomi
7D
-6.4%
1Y
-32.7%

1810: EV And Auto Partnerships Will Drive Future Upside Potential

Analysts have trimmed Xiaomi's fair value estimate to about HK$44.93 from roughly HK$57.33, reflecting lower assumed revenue growth, slightly softer profit margins, a modestly higher discount rate and a reduced future P/E multiple. Analyst Commentary Bullish Takeaways Bullish analysts continue to see upside in Xiaomi, with some assigning price targets such as US$49, which still sit comfortably above current fair value estimates and imply room for execution to close the gap.
992
HK$9.69
Lenovo Group
7D
3.1%
1Y
-1.4%

992: AI PC Transition And Hybrid AI Platforms Will Support Future Upside

Analysts have trimmed their HK$ fair value estimate for Lenovo Group from about HK$12.51 to around HK$12.23, reflecting updated views on discount rates, revenue growth, profit margins and future P/E assumptions. What's in the News Dell, Lenovo and other PC makers are reported to be working with Nvidia on Arm based Nvidia MediaTek SoC laptops for a potential launch in the first half of 2026, alongside separate work between Nvidia and Intel on Windows PC chips that combine Intel CPUs with Nvidia graphics and AI technology (The Wall Street Journal).
2513
HK$779.00
Knowledge Atlas Technology
7D
16.6%
1Y
n/a
9903
HK$219.80
Shanghai Iluvatar CoreX Semiconductor
7D
-9.7%
1Y
n/a
6082
HK$29.50
Shanghai Biren Technology
7D
3.2%
1Y
n/a
2635
HK$52.50
Nuobikan Artificial Intelligence Technology (Chengdu)
7D
8.8%
1Y
n/a
1415
HK$26.20
Cowell e Holdings
7D
9.6%
1Y
5.2%
2382
HK$59.90
Sunny Optical Technology (Group)
7D
11.4%
1Y
-14.0%

2382: Share Repurchases And Strong Profit Outlook Will Support Price Momentum

Analysts have trimmed their price target for Sunny Optical Technology (Group) to HK$87.15 from HK$98.46, citing updated assumptions for slightly lower revenue growth, a marginally softer profit margin and a reduced future P/E multiple. What's in the News A board meeting is scheduled for March 30, 2026 to review and approve the draft annual report and annual results for the year ended December 31, 2025, to consider a potential final dividend, and to handle other business (Key Developments).
1347
HK$79.35
Hua Hong Semiconductor
7D
-4.2%
1Y
157.6%
6869
HK$189.00
Yangtze Optical Fibre And Cable Limited
7D
9.7%
1Y
1,082.7%
3317
HK$198.50
Shenzhen Xunce Technology
7D
5.3%
1Y
n/a
6088
HK$6.75
FIT Hon Teng
7D
-7.7%
1Y
189.7%
100
HK$949.50
MiniMax Group
7D
-4.1%
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$46.80
Beijing Haizhi Technology Group
7D
-18.6%
1Y
n/a