Market Participants Recognise Sunny Optical Technology (Group) Company Limited's (HKG:2382) Earnings Pushing Shares 26% Higher
Dec 15
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Hong Kong (HSI) Tech Sector Analysis
UpdatedDec 18, 2024
DataAggregated Company Financials
Companies212
- 7D-3.8%
- 3M40.4%
- 1Y29.9%
- YTD29.2%
Over the last 7 days, the Tech industry has dropped 4.5%, driven by Xiaomi declining 3.2%. This takes the industry's 12 month performance to a gain of 31%. Looking forward, earnings are forecast to grow by 27% 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, 18 Dec 2024 | HK$2.2t | HK$2.4t | HK$37.1b | 11.5x | 59.5x | 0.9x |
| Fri, 15 Nov 2024 | HK$2.2t | HK$2.4t | HK$33.0b | 11.6x | 65.5x | 0.9x |
| Sun, 13 Oct 2024 | HK$2.0t | HK$2.4t | HK$34.2b | 11.1x | 58.6x | 0.8x |
| Tue, 10 Sep 2024 | HK$1.5t | HK$2.4t | HK$34.1b | 10x | 45.3x | 0.6x |
| Thu, 08 Aug 2024 | HK$1.5t | HK$2.3t | HK$45.6b | 11.4x | 32.8x | 0.7x |
| Sat, 06 Jul 2024 | HK$1.6t | HK$2.3t | HK$44.7b | 11.5x | 36.4x | 0.7x |
| Mon, 03 Jun 2024 | HK$1.7t | HK$2.3t | HK$42.3b | 12.5x | 39.3x | 0.7x |
| Wed, 01 May 2024 | HK$1.6t | HK$2.2t | HK$43.1b | 11.7x | 36.3x | 0.7x |
| Fri, 29 Mar 2024 | HK$1.5t | HK$2.3t | HK$51.4b | 10x | 29.4x | 0.7x |
| Sun, 25 Feb 2024 | HK$1.4t | HK$2.3t | HK$63.3b | 9.3x | 21.8x | 0.6x |
| Tue, 23 Jan 2024 | HK$1.4t | HK$2.3t | HK$66.1b | 9.4x | 21x | 0.6x |
| Thu, 21 Dec 2023 | HK$1.6t | HK$2.3t | HK$66.4b | 9.6x | 24.1x | 0.7x |
| Sat, 18 Nov 2023 | HK$1.6t | HK$2.3t | HK$67.9b | 11.7x | 24.3x | 0.7x |
| Mon, 16 Oct 2023 | HK$1.5t | HK$2.3t | HK$71.0b | 10.2x | 21.5x | 0.7x |
| Wed, 13 Sep 2023 | HK$1.6t | HK$2.3t | HK$70.9b | 10.8x | 22.1x | 0.7x |
| Fri, 11 Aug 2023 | HK$1.6t | HK$2.4t | HK$80.1b | 10.5x | 19.8x | 0.7x |
| Sun, 09 Jul 2023 | HK$1.6t | HK$2.4t | HK$82.0b | 10x | 19x | 0.7x |
| Tue, 06 Jun 2023 | HK$1.6t | HK$2.4t | HK$83.0b | 8.7x | 19.1x | 0.7x |
| Thu, 04 May 2023 | HK$1.7t | HK$2.5t | HK$81.4b | 8.9x | 20.4x | 0.7x |
| Sat, 01 Apr 2023 | HK$1.7t | HK$2.5t | HK$83.2b | 9.5x | 20.8x | 0.7x |
| Mon, 27 Feb 2023 | HK$1.8t | HK$2.5t | HK$74.8b | 8.6x | 23.5x | 0.7x |
| Wed, 25 Jan 2023 | HK$1.8t | HK$2.6t | HK$76.4b | 8.4x | 23.9x | 0.7x |
| Fri, 23 Dec 2022 | HK$1.7t | HK$2.5t | HK$76.3b | 8.2x | 21.9x | 0.7x |
| Sun, 20 Nov 2022 | HK$1.6t | HK$2.5t | HK$79.2b | 8.1x | 20.6x | 0.6x |
| Tue, 18 Oct 2022 | HK$1.4t | HK$2.5t | HK$77.1b | 7.8x | 18.1x | 0.6x |
| Thu, 15 Sep 2022 | HK$1.7t | HK$2.6t | HK$79.2b | 8.8x | 21.2x | 0.7x |
| Sat, 13 Aug 2022 | HK$1.8t | HK$2.6t | HK$80.0b | 8.6x | 22x | 0.7x |
| Mon, 11 Jul 2022 | HK$1.9t | HK$2.6t | HK$81.0b | 8.7x | 23.1x | 0.7x |
| Wed, 08 Jun 2022 | HK$2.0t | HK$2.6t | HK$83.1b | 8.7x | 23.9x | 0.8x |
| Fri, 06 May 2022 | HK$1.8t | HK$2.6t | HK$89.9b | 9x | 20.5x | 0.7x |
| Sun, 03 Apr 2022 | HK$2.0t | HK$2.9t | HK$148.0b | 10.1x | 13.8x | 0.7x |
| Tue, 01 Mar 2022 | HK$2.0t | HK$2.6t | HK$127.0b | 10.8x | 16.1x | 0.8x |
| Thu, 27 Jan 2022 | HK$2.2t | HK$2.5t | HK$123.7b | 11.1x | 17.4x | 0.9x |
| Sat, 25 Dec 2021 | HK$2.3t | HK$2.5t | HK$123.4b | 11.5x | 18.4x | 0.9x |
Price to Earnings Ratio
18.4x
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 59.9x which is higher than its 3-year average PE of 27.0x.
- The industry is trading close to its 3-year average PS ratio of 0.71x.
Past Earnings Growth
- The earnings for companies in the Information Technology industry have declined 33% per year over the last three years.
- Meanwhile revenues have remained mostly flat.
- This means that although sales have remained flat, 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 Market | -1.89% | |
| Tech | -3.84% | |
| IT | -2.17% | |
| Electronic Equipment and Components | -2.20% | |
| Communications | -2.88% | |
| Tech Hardware | -3.22% | |
| Semiconductors | -5.15% | |
| Software | -6.51% | |
Industry PE
- Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 20.4x.
- Analysts are expecting annual earnings growth of 30.2%, which is higher than its past year's earnings decline of 42.8% per year.
Forecasted Growth
- Analysts are most optimistic on the Software industry, expecting annual earnings growth of 59% over the next 5 years.
- This is better than its past earnings growth rate of 17% per year.
- In contrast, the Communications industry is expected to see its earnings grow by 21% 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 | |
|---|---|---|---|---|---|
| 2382 Sunny Optical Technology (Group) | HK$66.95 | 2.8% +HK$2.0b | -6.3% | PE39.5x | |
| 2531 GL-Carlink Technology Holding | HK$31.60 | 12.1% +HK$1.2b | n/a | PE215.1x | |
| 2477 WellCell Holdings | HK$5.75 | 35.6% +HK$755.0m | n/a | PE163.8x | |
| 6657 Baiwang | HK$35.05 | 7.5% +HK$553.5m | n/a | PS11.3x | |
| 1415 Cowell e Holdings | HK$27.50 | 1.9% +HK$429.7m | 25.6% | PE68.2x |
