Have your own idea? Try our Stock Screener
Hong Kong (HSI) Tech Sector Analysis
UpdatedFeb 20, 2026
DataAggregated Company Financials
Companies219
- 7D0.4%
- 3M8.4%
- 1Y-1.6%
- YTD2.5%
The Tech industry is up 1.0% in the last week, with MiniMax Group up 25%. The industry has been flat over the past 12 months despite the gain this week. 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 |
|---|---|---|---|---|---|---|
| Fri, 20 Feb 2026 | HK$3.7t | HK$3.0t | HK$75.6b | 16.1x | 48.6x | 1.2x |
| Sun, 18 Jan 2026 | HK$3.7t | HK$2.9t | HK$76.1b | 17.5x | 48.2x | 1.3x |
| Tue, 16 Dec 2025 | HK$3.4t | HK$2.9t | HK$76.9b | 16.1x | 43.9x | 1.2x |
| Thu, 13 Nov 2025 | HK$3.6t | HK$2.8t | HK$66.7b | 16.9x | 53.8x | 1.3x |
| Sat, 11 Oct 2025 | HK$4.0t | HK$2.8t | HK$66.8b | 18.4x | 60x | 1.4x |
| Mon, 08 Sep 2025 | HK$3.7t | HK$2.8t | HK$67.4b | 17.5x | 55.6x | 1.3x |
| Wed, 06 Aug 2025 | HK$3.5t | HK$2.7t | HK$53.9b | 18x | 64.2x | 1.3x |
| Fri, 04 Jul 2025 | HK$3.3t | HK$2.7t | HK$55.6b | 16.1x | 59.7x | 1.2x |
| Sun, 01 Jun 2025 | HK$3.0t | HK$2.7t | HK$52.4b | 13.1x | 57.1x | 1.1x |
| Tue, 29 Apr 2025 | HK$2.9t | HK$2.6t | HK$45.6b | 13.3x | 63.8x | 1.1x |
| Thu, 27 Mar 2025 | HK$3.2t | HK$2.5t | HK$40.0b | 13.8x | 80.8x | 1.3x |
| Sat, 22 Feb 2025 | HK$3.4t | HK$2.4t | HK$35.4b | 13.5x | 94.8x | 1.4x |
| Mon, 20 Jan 2025 | HK$2.5t | HK$2.4t | HK$35.6b | 11.7x | 69.5x | 1x |
| 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 |
Price to Earnings Ratio
23.5x
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 49.3x which is higher than its 3-year average PE of 43.2x.
- The 3-year average PS ratio of 0.91x is lower than the industry's current PS ratio of 1.3x.
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 5.4% 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 and as a result, profits have held steady.
Industry Trends
Which industries have driven the changes within the Hong Kong Tech sector?
| HK Market | 0.67% | |
| Tech | 0.41% | |
| Software | 2.85% | |
| Communications | 2.30% | |
| IT | 1.79% | |
| Electronic Equipment and Components | 0.41% | |
| Semiconductors | -0.28% | |
| Tech Hardware | -0.44% | |
Industry PE
- Investors are most optimistic about the IT industry which is trading above its 3-year average PE ratio of 41.8x.
- Analysts are expecting annual earnings growth of 58.8%, 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$725.00 | 49.5% +HK$107.0b | n/a | PS623.2x | |
| 100 MiniMax Group | HK$970.00 | 42.6% +HK$89.7b | n/a | PS595.2x | |
| 2706 Beijing Haizhi Technology Group | HK$154.10 | 66.4% +HK$24.6b | n/a | PS100.9x | |
| 600 Axera Semiconductor | HK$33.90 | 20.0% +HK$3.3b | n/a | PS36.1x | |
| 3317 Shenzhen Xunce Technology | HK$79.80 | 11.8% +HK$2.7b | n/a | PS41.6x |
