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Hong Kong (HSI) Tech Sector Analysis
UpdatedFeb 16, 2026
DataAggregated Company Financials
Companies219
- 7D6.3%
- 3M0.3%
- 1Y11.3%
- YTD2.9%
In the last week, the Tech industry is up 6.3%, with Knowledge Atlas Technology leading the way, up 84%. Meanwhile, Nuobikan Artificial Intelligence Technology (Chengdu) actually underperformed within the industry, shrinking 23% in the last week. In the last 12 months, the industry was up 11%. Earnings are forecast to grow by 30% 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, 17 Feb 2026 | HK$3.7t | HK$3.0t | HK$75.4b | 16.1x | 49.2x | 1.2x |
| Thu, 15 Jan 2026 | HK$3.6t | HK$2.9t | HK$76.4b | 17.1x | 47.4x | 1.2x |
| Sat, 13 Dec 2025 | HK$3.5t | HK$2.9t | HK$76.9b | 16.4x | 45.2x | 1.2x |
| Mon, 10 Nov 2025 | HK$3.6t | HK$2.8t | HK$66.7b | 16.5x | 53.7x | 1.3x |
| Wed, 08 Oct 2025 | HK$4.2t | HK$2.8t | HK$66.8b | 19.6x | 63.4x | 1.5x |
| Fri, 05 Sep 2025 | HK$3.7t | HK$2.8t | HK$67.4b | 17.5x | 54.4x | 1.3x |
| Sun, 03 Aug 2025 | HK$3.3t | HK$2.7t | HK$53.9b | 17x | 62x | 1.2x |
| Tue, 01 Jul 2025 | HK$3.4t | HK$2.7t | HK$55.8b | 14.6x | 60.3x | 1.2x |
| Thu, 29 May 2025 | HK$3.0t | HK$2.7t | HK$52.3b | 13.5x | 57.6x | 1.1x |
| Sat, 26 Apr 2025 | HK$2.9t | HK$2.6t | HK$45.7b | 13.9x | 64.1x | 1.1x |
| Mon, 24 Mar 2025 | HK$3.3t | HK$2.5t | HK$39.3b | 12.8x | 84.3x | 1.3x |
| Wed, 19 Feb 2025 | HK$3.1t | HK$2.4t | HK$35.4b | 12.6x | 88.3x | 1.3x |
| Fri, 17 Jan 2025 | HK$2.4t | HK$2.4t | HK$35.6b | 11.6x | 68x | 1x |
| Sun, 15 Dec 2024 | HK$2.3t | HK$2.4t | HK$37.2b | 11.3x | 61.5x | 0.9x |
| Tue, 12 Nov 2024 | HK$2.3t | HK$2.4t | HK$33.1b | 12.2x | 69.7x | 1x |
| Thu, 10 Oct 2024 | HK$2.0t | HK$2.4t | HK$34.2b | 11.1x | 59.4x | 0.8x |
| Sat, 07 Sep 2024 | HK$1.6t | HK$2.4t | HK$34.3b | 10x | 45.9x | 0.7x |
| Mon, 05 Aug 2024 | HK$1.5t | HK$2.3t | HK$45.7b | 11.7x | 33.2x | 0.7x |
| Wed, 03 Jul 2024 | HK$1.6t | HK$2.3t | HK$44.7b | 11.6x | 36.6x | 0.7x |
| Fri, 31 May 2024 | HK$1.7t | HK$2.3t | HK$42.3b | 12.1x | 40x | 0.7x |
| Sun, 28 Apr 2024 | HK$1.6t | HK$2.2t | HK$43.1b | 11.3x | 36.1x | 0.7x |
| Tue, 26 Mar 2024 | HK$1.5t | HK$2.2t | HK$50.9b | 10.3x | 29.8x | 0.7x |
| Thu, 22 Feb 2024 | HK$1.4t | HK$2.3t | HK$64.3b | 9.6x | 21.4x | 0.6x |
| Sat, 20 Jan 2024 | HK$1.4t | HK$2.3t | HK$66.4b | 9.6x | 21.5x | 0.6x |
| Mon, 18 Dec 2023 | HK$1.6t | HK$2.3t | HK$66.5b | 9.9x | 24.4x | 0.7x |
| Wed, 15 Nov 2023 | HK$1.6t | HK$2.3t | HK$67.5b | 11.1x | 24.3x | 0.7x |
| Fri, 13 Oct 2023 | HK$1.5t | HK$2.3t | HK$70.9b | 10.4x | 21.8x | 0.7x |
| Sun, 10 Sep 2023 | HK$1.5t | HK$2.3t | HK$70.7b | 10.9x | 21.9x | 0.7x |
| Tue, 08 Aug 2023 | HK$1.6t | HK$2.4t | HK$81.0b | 10.2x | 19.9x | 0.7x |
| Thu, 06 Jul 2023 | HK$1.6t | HK$2.4t | HK$81.8b | 9.9x | 19.5x | 0.7x |
| Sat, 03 Jun 2023 | HK$1.6t | HK$2.4t | HK$83.3b | 8.6x | 18.9x | 0.7x |
| Mon, 01 May 2023 | HK$1.7t | HK$2.5t | HK$81.4b | 8.9x | 20.7x | 0.7x |
| Wed, 29 Mar 2023 | HK$1.7t | HK$2.5t | HK$65.6b | 8.7x | 26.1x | 0.7x |
| Fri, 24 Feb 2023 | HK$1.8t | HK$2.5t | HK$74.8b | 8.6x | 23.7x | 0.7x |
Price to Earnings Ratio
23.7x
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 49.2x which is higher than its 3-year average PE of 43.1x.
- 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 5.3% 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 | 0.51% | |
| Tech | 6.29% | |
| Communications | 10.83% | |
| IT | 9.80% | |
| Software | 6.76% | |
| Electronic Equipment and Components | 6.72% | |
| Semiconductors | 6.70% | |
| Tech Hardware | 4.17% | |
Industry PE
- Investors are most optimistic about the IT industry which is trading above its 3-year average PE ratio of 41.6x.
- Analysts are expecting annual earnings growth of 59.1%, 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 59% 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 | |
|---|---|---|---|---|---|
| 2513 Knowledge Atlas Technology | HK$508.00 | 83.5% +HK$103.1b | n/a | PS436.7x | |
| 100 MiniMax Group | HK$847.00 | 64.5% +HK$102.7b | n/a | PS519.6x | |
| 1810 Xiaomi | HK$36.66 | 4.1% +HK$37.6b | -18.8% | PE19x | |
| 9903 Shanghai Iluvatar CoreX Semiconductor | HK$269.00 | 57.3% +HK$24.9b | n/a | PS90.7x | |
| 1888 Kingboard Laminates Holdings | HK$19.57 | 25.0% +HK$12.3b | 128.6% | PE40.1x |
