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Hong Kong (HSI) Tech Sector Analysis

UpdatedApr 07, 2026
DataAggregated Company Financials
Companies224
  • 7D-0.7%
  • 3M-10.9%
  • 1Y25.3%
  • YTD-10.9%

Last week, the Tech industry hasn't moved much but Knowledge Atlas Technology is up 12% in that time. The past year has been better, since the industry has gained 25% in that time. 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?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 07 Apr 2026HK$3.4tHK$3.1tHK$76.8b16.8x44.1x1.1x
Thu, 05 Mar 2026HK$3.4tHK$3.0tHK$76.8b15.5x44.1x1.1x
Sat, 31 Jan 2026HK$3.6tHK$2.9tHK$76.3b17.7x47.2x1.2x
Mon, 29 Dec 2025HK$3.4tHK$2.9tHK$77.3b15.6x44.1x1.2x
Wed, 26 Nov 2025HK$3.3tHK$2.9tHK$77.2b16.6x43x1.1x
Fri, 24 Oct 2025HK$3.7tHK$2.8tHK$66.7b17.3x55.9x1.3x
Sun, 21 Sep 2025HK$4.0tHK$2.8tHK$67.3b19.1x60x1.4x
Tue, 19 Aug 2025HK$3.6tHK$2.7tHK$56.8b21.6x62.8x1.3x
Thu, 17 Jul 2025HK$3.4tHK$2.7tHK$55.3b16.5x61.1x1.2x
Sat, 14 Jun 2025HK$3.1tHK$2.7tHK$52.5b13.6x58.1x1.1x
Mon, 12 May 2025HK$3.0tHK$2.6tHK$45.9b13.2x66.3x1.2x
Wed, 09 Apr 2025HK$2.5tHK$2.6tHK$45.5b12.8x55x1x
Fri, 07 Mar 2025HK$3.4tHK$2.4tHK$34.8b13x97.3x1.4x
Sun, 02 Feb 2025HK$2.6tHK$2.4tHK$36.0b11.6x71.8x1.1x
Tue, 31 Dec 2024HK$2.5tHK$2.4tHK$36.0b11.7x68.7x1x
Thu, 28 Nov 2024HK$2.2tHK$2.4tHK$37.5b11.2x57.6x0.9x
Sat, 26 Oct 2024HK$2.1tHK$2.4tHK$33.7b11.7x63.6x0.9x
Mon, 23 Sep 2024HK$1.6tHK$2.4tHK$34.3b10.5x46.5x0.7x
Wed, 21 Aug 2024HK$1.6tHK$2.3tHK$40.3b11.2x39x0.7x
Fri, 19 Jul 2024HK$1.6tHK$2.3tHK$44.7b12x36.7x0.7x
Sun, 16 Jun 2024HK$1.7tHK$2.3tHK$42.2b13x40x0.7x
Tue, 14 May 2024HK$1.7tHK$2.2tHK$40.9b12.4x42x0.8x
Thu, 11 Apr 2024HK$1.5tHK$2.3tHK$44.6b11.4x34.1x0.7x
Sat, 09 Mar 2024HK$1.5tHK$2.2tHK$64.0b9.8x22.8x0.6x
Mon, 05 Feb 2024HK$1.3tHK$2.3tHK$65.3b9.3x19.2x0.6x
Wed, 03 Jan 2024HK$1.6tHK$2.3tHK$66.2b10.1x24.4x0.7x
Fri, 01 Dec 2023HK$1.6tHK$2.3tHK$66.5b10.4x24.5x0.7x
Sun, 29 Oct 2023HK$1.5tHK$2.3tHK$70.8b10.1x21.7x0.7x
Tue, 26 Sep 2023HK$1.5tHK$2.3tHK$70.7b10.3x20.8x0.7x
Thu, 24 Aug 2023HK$1.5tHK$2.3tHK$75.0b10x19.7x0.6x
Sat, 22 Jul 2023HK$1.5tHK$2.4tHK$82.1b9.8x18.8x0.7x
Mon, 19 Jun 2023HK$1.7tHK$2.4tHK$82.8b8.9x20.1x0.7x
Wed, 17 May 2023HK$1.6tHK$2.5tHK$80.1b8.6x20.2x0.7x
Fri, 14 Apr 2023HK$1.8tHK$2.5tHK$81.3b9.6x21.8x0.7x
Price to Earnings Ratio

21.8x


Total Market Cap: HK$1.8tTotal Earnings: HK$81.3bTotal Revenue: HK$2.5tTotal Market Cap vs Earnings and Revenue0%0%0%
Hong Kong Tech Sector Price to Earnings3Y Average 44.2x202420252026
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 44.2x.
  • The 3-year average PS ratio of 0.93x is lower than the industry's current PS ratio of 1.1x.
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 7.5% 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 Market1.56%
Tech-0.67%
Electronic Equipment and Components2.43%
Communications2.08%
IT0.50%
Semiconductors-0.31%
Software-1.84%
Tech Hardware-3.20%
Industry PE
  • Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 385x.
    • Analysts are expecting annual earnings growth of 28.9%, which is higher than its past year's earnings decline of 16.2% per year.
Forecasted Growth
  • Analysts are most optimistic on the Software industry, expecting annual earnings growth of 81% over the next 5 years.
  • This is better than its past earnings decline of 7.6% 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?

CompanyLast Price7D1YValuation
2513 Knowledge Atlas TechnologyHK$779.0012.3%
+HK$38.1b		n/aPS421.1x
2382 Sunny Optical Technology (Group)HK$59.9012.1%
+HK$6.9b		5.9%PE12.1x
992 Lenovo GroupHK$9.695.9%
+HK$6.7b		29.2%PE10.4x
100 MiniMax GroupHK$949.502.2%
+HK$6.2b		n/aPS474.1x
2726 Epiworld InternationalHK$106.7012.8%
+HK$5.1b		n/aPE588.2x

Latest News

285
HK$27.20
BYD Electronic (International)
7D
-1.4%
1Y
-5.1%
1347
HK$79.35
Hua Hong Semiconductor
7D
-2.6%
1Y
208.2%

1347: Future AI Demand And Upcoming Meetings Will Support Returns

Analysts have nudged their Hong Kong dollar price target on Hua Hong Semiconductor slightly higher, reflecting updated assumptions that combine modestly different fair value estimates, a revised discount rate, adjusted revenue growth expectations, lower profit margin forecasts, and a higher future P/E multiple. What's in the News A board meeting is scheduled for Mar 26, 2026, at 10:30 China Standard Time to review the audited consolidated results for 2025, consider any dividend, potential closure of the register of members, the upcoming annual general meeting, and other business (Key Developments).
6869
HK$189.00
Yangtze Optical Fibre And Cable Limited
7D
3.3%
1Y
1,351.6%

We Think That There Are Issues Underlying Yangtze Optical Fibre And Cable Limited's (HKG:6869) Earnings

Apr 03
We Think That There Are Issues Underlying Yangtze Optical Fibre And Cable Limited's (HKG:6869) Earnings
981
HK$51.00
Semiconductor Manufacturing International
7D
0.6%
1Y
30.3%

981: Higher Discount Rate And Flat Near Term Revenue Will Keep Shares Overpriced

Analysts have slightly raised their price target for Semiconductor Manufacturing International to HK$25.31 from HK$25.04, citing updated assumptions for the discount rate, profit margin and future P/E as the key drivers of the change. What's in the News A board meeting is scheduled for Mar 26, 2026 to approve the publication of audited annual results for the year ended Dec 31, 2025 (company announcement).
1810
HK$30.88
Xiaomi
7D
-4.6%
1Y
-15.3%

1810: EV And Auto Partnerships Will Drive Future Upside Potential

Analysts have trimmed Xiaomi's fair value estimate to about HK$44.93 from roughly HK$57.33, reflecting lower assumed revenue growth, slightly softer profit margins, a modestly higher discount rate and a reduced future P/E multiple. Analyst Commentary Bullish Takeaways Bullish analysts continue to see upside in Xiaomi, with some assigning price targets such as US$49, which still sit comfortably above current fair value estimates and imply room for execution to close the gap.
992
HK$9.69
Lenovo Group
7D
5.9%
1Y
29.2%

992: AI PC Transition And Hybrid AI Platforms Will Support Future Upside

Analysts have trimmed their HK$ fair value estimate for Lenovo Group from about HK$12.51 to around HK$12.23, reflecting updated views on discount rates, revenue growth, profit margins and future P/E assumptions. What's in the News Dell, Lenovo and other PC makers are reported to be working with Nvidia on Arm based Nvidia MediaTek SoC laptops for a potential launch in the first half of 2026, alongside separate work between Nvidia and Intel on Windows PC chips that combine Intel CPUs with Nvidia graphics and AI technology (The Wall Street Journal).
2513
HK$779.00
Knowledge Atlas Technology
7D
12.3%
1Y
n/a
9903
HK$219.80
Shanghai Iluvatar CoreX Semiconductor
7D
-8.4%
1Y
n/a
3800
HK$0.94
GCL Technology Holdings
7D
9.3%
1Y
28.8%
2382
HK$59.90
Sunny Optical Technology (Group)
7D
12.1%
1Y
5.9%

2382: Share Repurchases And Strong Profit Outlook Will Support Price Momentum

Analysts have trimmed their price target for Sunny Optical Technology (Group) to HK$87.15 from HK$98.46, citing updated assumptions for slightly lower revenue growth, a marginally softer profit margin and a reduced future P/E multiple. What's in the News A board meeting is scheduled for March 30, 2026 to review and approve the draft annual report and annual results for the year ended December 31, 2025, to consider a potential final dividend, and to handle other business (Key Developments).
1385
HK$35.20
Shanghai Fudan Microelectronics Group
7D
-10.8%
1Y
55.4%
2726
HK$106.70
Epiworld International
7D
12.8%
1Y
n/a
6651
HK$36.24
Beijing 51World Digital Twin Technology
7D
-14.9%
1Y
n/a
9660
HK$6.63
Horizon Robotics
7D
-2.5%
1Y
43.5%
100
HK$949.50
MiniMax Group
7D
2.2%
1Y
n/a

Colleague Level AI Agents And Multimodal Content Will Support A Fair Long Term Outlook

Catalysts About MiniMax Group MiniMax Group develops large scale AI models and agent products across language, video, speech and music for global enterprises, developers and consumers. What are the underlying business or industry changes driving this perspective?
2706
HK$46.80
Beijing Haizhi Technology Group
7D
-12.5%
1Y
n/a