Returns At FIT Hon Teng (HKG:6088) Appear To Be Weighed Down
Jan 31
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Hong Kong (HSI) Tech Sector Analysis
UpdatedFeb 04, 2026
DataAggregated Company Financials
Companies218
- 7D-3.0%
- 3M-4.4%
- 1Y19.7%
- YTD-1.9%
Over the last 7 days, the Tech industry has dropped 3.0%, driven by Semiconductor Manufacturing International declining 8.0%. In contrast, MiniMax Group has gained 19%. Over the past 12 months, the industry was up 20%. Looking forward, 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?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 04 Feb 2026 | HK$3.5t | HK$2.9t | HK$76.4b | 17.6x | 45.9x | 1.2x |
| Fri, 02 Jan 2026 | HK$3.5t | HK$2.9t | HK$77.3b | 15.5x | 44.7x | 1.2x |
| Sun, 30 Nov 2025 | HK$3.4t | HK$2.9t | HK$77.4b | 16.3x | 43.5x | 1.2x |
| Tue, 28 Oct 2025 | HK$3.9t | HK$2.8t | HK$66.7b | 18.1x | 58.1x | 1.4x |
| Thu, 25 Sep 2025 | HK$4.1t | HK$2.8t | HK$67.3b | 18.5x | 61.4x | 1.5x |
| Sat, 23 Aug 2025 | HK$3.6t | HK$2.8t | HK$67.8b | 20.9x | 53.3x | 1.3x |
| Mon, 21 Jul 2025 | HK$3.4t | HK$2.7t | HK$55.2b | 16.5x | 61.6x | 1.3x |
| Wed, 18 Jun 2025 | HK$3.1t | HK$2.7t | HK$52.5b | 14.2x | 59.3x | 1.2x |
| Fri, 16 May 2025 | HK$3.0t | HK$2.6t | HK$46.1b | 13.4x | 65.8x | 1.2x |
| Sun, 13 Apr 2025 | HK$2.8t | HK$2.6t | HK$45.6b | 13.1x | 61.5x | 1.1x |
| Tue, 11 Mar 2025 | HK$3.3t | HK$2.4t | HK$35.4b | 12.9x | 92.4x | 1.3x |
| Thu, 06 Feb 2025 | HK$2.7t | HK$2.4t | HK$35.9b | 12.3x | 76x | 1.1x |
| Sat, 04 Jan 2025 | HK$2.4t | HK$2.4t | HK$35.5b | 11.2x | 68.1x | 1x |
| Mon, 02 Dec 2024 | HK$2.2t | HK$2.4t | HK$37.5b | 11.3x | 57.7x | 0.9x |
| Wed, 30 Oct 2024 | HK$2.1t | HK$2.4t | HK$33.7b | 12.1x | 63.7x | 0.9x |
| Fri, 27 Sep 2024 | HK$1.7t | HK$2.4t | HK$34.3b | 10.7x | 50.6x | 0.7x |
| Sun, 25 Aug 2024 | HK$1.6t | HK$2.4t | HK$41.0b | 11x | 39.5x | 0.7x |
| Tue, 23 Jul 2024 | HK$1.6t | HK$2.3t | HK$44.7b | 12x | 36.9x | 0.7x |
| Thu, 20 Jun 2024 | HK$1.8t | HK$2.3t | HK$42.2b | 12.4x | 41.9x | 0.8x |
| Sat, 18 May 2024 | HK$1.7t | HK$2.2t | HK$40.8b | 12.2x | 42.2x | 0.8x |
| Mon, 15 Apr 2024 | HK$1.5t | HK$2.3t | HK$44.6b | 11.1x | 33.8x | 0.7x |
| Wed, 13 Mar 2024 | HK$1.5t | HK$2.3t | HK$64.1b | 10.1x | 24.2x | 0.7x |
| Fri, 09 Feb 2024 | HK$1.3t | HK$2.3t | HK$64.6b | 9.3x | 20.5x | 0.6x |
| Sun, 07 Jan 2024 | HK$1.6t | HK$2.3t | HK$66.2b | 9.8x | 23.7x | 0.7x |
| Tue, 05 Dec 2023 | HK$1.6t | HK$2.3t | HK$66.5b | 10.1x | 23.9x | 0.7x |
| Thu, 02 Nov 2023 | HK$1.6t | HK$2.3t | HK$71.1b | 10x | 21.8x | 0.7x |
| Sat, 30 Sep 2023 | HK$1.5t | HK$2.3t | HK$70.2b | 10.1x | 21.3x | 0.7x |
| Mon, 28 Aug 2023 | HK$1.6t | HK$2.3t | HK$74.3b | 10.2x | 21x | 0.7x |
| Wed, 26 Jul 2023 | HK$1.6t | HK$2.4t | HK$82.2b | 10.1x | 19x | 0.7x |
| Fri, 23 Jun 2023 | HK$1.6t | HK$2.4t | HK$83.0b | 8.8x | 18.9x | 0.7x |
| Sun, 21 May 2023 | HK$1.6t | HK$2.5t | HK$79.9b | 8.7x | 20x | 0.6x |
| Tue, 18 Apr 2023 | HK$1.8t | HK$2.5t | HK$81.3b | 9.5x | 22.4x | 0.7x |
| Thu, 16 Mar 2023 | HK$1.7t | HK$2.6t | HK$73.6b | 8.5x | 23.4x | 0.7x |
| Sat, 11 Feb 2023 | HK$1.9t | HK$2.6t | HK$76.5b | 8.8x | 24.3x | 0.7x |
Price to Earnings Ratio
24.3x
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 45.9x which is higher than its 3-year average PE 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 | -1.27% | |
| Tech | -2.99% | |
| Communications | 17.07% | |
| Electronic Equipment and Components | -0.62% | |
| Tech Hardware | -2.07% | |
| Software | -4.49% | |
| Semiconductors | -6.51% | |
| IT | -7.97% | |
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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 100 MiniMax Group | HK$581.00 | 19.0% +HK$28.7b | n/a | PS356.5x | |
| 6869 Yangtze Optical Fibre And Cable Limited | HK$94.95 | 45.7% +HK$24.5b | 443.8% | PE121x | |
| 9678 Unisound AI Technology | HK$352.20 | 60.2% +HK$5.6b | n/a | PS13.2x | |
| 2513 Knowledge Atlas Technology | HK$243.20 | 4.2% +HK$4.3b | n/a | PS207.4x | |
| 992 Lenovo Group | HK$9.18 | 3.4% +HK$3.7b | -12.7% | PE9x |
