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Hong Kong (HSI) Tech Sector Analysis
UpdatedMar 07, 2026
DataAggregated Company Financials
Companies219
- 7D-6.7%
- 3M-6.0%
- 1Y-9.5%
- YTD-5.3%
Over the last 7 days, the Tech industry has dropped 6.7%, driven by a pullback from Semiconductor Manufacturing International of 9.1%. In contrast, MiniMax Group has gained 5.5%. The industry has fallen 9.5% in the last year. 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 |
|---|---|---|---|---|---|---|
| Sat, 07 Mar 2026 | HK$3.4t | HK$3.0t | HK$78.0b | 16x | 44.1x | 1.2x |
| Mon, 02 Feb 2026 | HK$3.6t | HK$2.9t | HK$76.3b | 17.7x | 47.2x | 1.2x |
| Wed, 31 Dec 2025 | HK$3.5t | HK$2.9t | HK$77.3b | 15.5x | 44.9x | 1.2x |
| Fri, 28 Nov 2025 | HK$3.4t | HK$2.9t | HK$77.3b | 16.8x | 43.4x | 1.2x |
| Sun, 26 Oct 2025 | HK$3.8t | HK$2.8t | HK$66.7b | 17.7x | 57.3x | 1.3x |
| Tue, 23 Sep 2025 | HK$4.1t | HK$2.8t | HK$67.3b | 18.9x | 60.8x | 1.4x |
| Thu, 21 Aug 2025 | HK$3.5t | HK$2.8t | HK$65.0b | 20.8x | 54.3x | 1.3x |
| Sat, 19 Jul 2025 | HK$3.4t | HK$2.7t | HK$55.3b | 16.5x | 61.6x | 1.3x |
| Mon, 16 Jun 2025 | HK$3.1t | HK$2.7t | HK$52.5b | 13.6x | 58.1x | 1.1x |
| Wed, 14 May 2025 | HK$3.0t | HK$2.6t | HK$46.1b | 13.4x | 65.5x | 1.2x |
| Fri, 11 Apr 2025 | HK$2.7t | HK$2.6t | HK$45.5b | 13.1x | 59.6x | 1.1x |
| Sun, 09 Mar 2025 | HK$3.3t | HK$2.5t | HK$35.4b | 13.1x | 94.4x | 1.4x |
| Tue, 04 Feb 2025 | HK$2.6t | HK$2.4t | HK$36.0b | 11.7x | 72.7x | 1.1x |
| Thu, 02 Jan 2025 | HK$2.5t | HK$2.4t | HK$36.1b | 11.6x | 67.9x | 1x |
| Sat, 30 Nov 2024 | HK$2.2t | HK$2.4t | HK$37.5b | 11.4x | 57.7x | 0.9x |
| Mon, 28 Oct 2024 | HK$2.1t | HK$2.4t | HK$33.7b | 11.7x | 63.6x | 0.9x |
| Wed, 25 Sep 2024 | HK$1.7t | HK$2.4t | HK$34.3b | 10.7x | 48.9x | 0.7x |
| Fri, 23 Aug 2024 | HK$1.6t | HK$2.3t | HK$41.2b | 11.1x | 39.5x | 0.7x |
| Sun, 21 Jul 2024 | HK$1.6t | HK$2.3t | HK$44.7b | 12x | 36.4x | 0.7x |
| Tue, 18 Jun 2024 | HK$1.7t | HK$2.3t | HK$42.2b | 12.6x | 40.2x | 0.7x |
| Thu, 16 May 2024 | HK$1.7t | HK$2.2t | HK$40.8b | 12.3x | 42.2x | 0.8x |
| Sat, 13 Apr 2024 | HK$1.5t | HK$2.3t | HK$44.6b | 11.1x | 33.7x | 0.7x |
| Mon, 11 Mar 2024 | HK$1.5t | HK$2.2t | HK$64.0b | 9.8x | 22.8x | 0.6x |
| Wed, 07 Feb 2024 | HK$1.3t | HK$2.3t | HK$65.6b | 9.1x | 20.3x | 0.6x |
| Fri, 05 Jan 2024 | HK$1.6t | HK$2.3t | HK$66.1b | 9.5x | 23.8x | 0.7x |
| Sun, 03 Dec 2023 | HK$1.6t | HK$2.3t | HK$66.4b | 10.4x | 24.1x | 0.7x |
| Tue, 31 Oct 2023 | HK$1.6t | HK$2.3t | HK$70.9b | 10.1x | 22.5x | 0.7x |
| Thu, 28 Sep 2023 | HK$1.5t | HK$2.3t | HK$70.8b | 10.2x | 20.6x | 0.6x |
| Sat, 26 Aug 2023 | HK$1.6t | HK$2.3t | HK$75.0b | 10x | 20.8x | 0.7x |
| Mon, 24 Jul 2023 | HK$1.5t | HK$2.4t | HK$82.0b | 9.8x | 18.8x | 0.7x |
| Wed, 21 Jun 2023 | HK$1.6t | HK$2.4t | HK$82.8b | 8.7x | 19.5x | 0.7x |
| Fri, 19 May 2023 | HK$1.6t | HK$2.5t | HK$79.5b | 8.8x | 20.3x | 0.7x |
| Sun, 16 Apr 2023 | HK$1.8t | HK$2.5t | HK$81.4b | 9.5x | 22.1x | 0.7x |
| Tue, 14 Mar 2023 | HK$1.7t | HK$2.6t | HK$73.7b | 8.6x | 23.5x | 0.7x |
Price to Earnings Ratio
23.5x
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 43.5x.
- The 3-year average PS ratio of 0.91x 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 5.2% 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 | -1.89% | |
| Tech | -6.67% | |
| Tech Hardware | -4.02% | |
| Electronic Equipment and Components | -5.49% | |
| Communications | -6.80% | |
| IT | -7.85% | |
| Semiconductors | -8.53% | |
| Software | -8.70% | |
Industry PE
- Investors are most optimistic about the IT industry which is trading above its 3-year average PE ratio of 42.3x.
- Analysts are expecting annual earnings growth of 62.9%, 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 63% 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 13% 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$805.50 | 5.5% +HK$13.0b | n/a | PS402.9x | |
| 2635 Nuobikan Artificial Intelligence Technology (Chengdu) | HK$562.50 | 24.1% +HK$4.1b | n/a | PE179.5x | |
| 1384 Deepexi Technology | HK$113.40 | 2.1% +HK$751.3m | n/a | PS103.9x | |
| 3336 Ju Teng International Holdings | HK$2.11 | 19.2% +HK$287.5m | 31.1% | PS0.3x | |
| 2436 LX Technology Group | HK$11.40 | 4.9% +HK$187.2m | 397.8% | PS1.4x |
