Returns Are Gaining Momentum At Shanghai Fudan Microelectronics Group (HKG:1385)
Jul 14
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Hong Kong (HSI) Tech Sector Analysis
UpdatedJul 14, 2025
DataAggregated Company Financials
Companies211
- 7D1.0%
- 3M17.9%
- 1Y88.8%
- YTD40.2%
Over the last 7 days, the Tech industry has risen 1.0%, driven by gains from Semiconductor Manufacturing International of 4.6%. This takes the industry's 12 month performance to a gain of 89%. As for the next few years, earnings are expected to grow by 26% per annum.
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 |
|---|---|---|---|---|---|---|
| Mon, 14 Jul 2025 | HK$3.3t | HK$2.7t | HK$55.3b | 16.1x | 60.5x | 1.2x |
| Wed, 11 Jun 2025 | HK$3.1t | HK$2.7t | HK$52.5b | 13.8x | 59.4x | 1.2x |
| Fri, 09 May 2025 | HK$3.1t | HK$2.6t | HK$45.1b | 13.3x | 67.9x | 1.2x |
| Sun, 06 Apr 2025 | HK$2.9t | HK$2.6t | HK$45.7b | 13.9x | 64.2x | 1.1x |
| Tue, 04 Mar 2025 | HK$3.2t | HK$2.4t | HK$34.8b | 12.7x | 90.6x | 1.3x |
| Thu, 30 Jan 2025 | HK$2.6t | HK$2.4t | HK$35.7b | 11.6x | 72.4x | 1.1x |
| Sat, 28 Dec 2024 | HK$2.5t | HK$2.4t | HK$36.0b | 11.5x | 68.5x | 1x |
| Mon, 25 Nov 2024 | HK$2.1t | HK$2.4t | HK$37.5b | 11.3x | 57.2x | 0.9x |
| Wed, 23 Oct 2024 | HK$2.1t | HK$2.4t | HK$33.7b | 11.6x | 62.3x | 0.9x |
| Fri, 20 Sep 2024 | HK$1.6t | HK$2.4t | HK$34.3b | 10.5x | 46.1x | 0.7x |
| Sun, 18 Aug 2024 | HK$1.6t | HK$2.3t | HK$40.3b | 11.9x | 39x | 0.7x |
| Tue, 16 Jul 2024 | HK$1.7t | HK$2.3t | HK$44.7b | 12.1x | 37x | 0.7x |
| Thu, 13 Jun 2024 | HK$1.7t | HK$2.3t | HK$42.2b | 12.2x | 39.8x | 0.7x |
| Sat, 11 May 2024 | HK$1.7t | HK$2.2t | HK$40.9b | 12.5x | 41.6x | 0.8x |
| Mon, 08 Apr 2024 | HK$1.5t | HK$2.3t | HK$44.6b | 11.6x | 33.7x | 0.7x |
| Wed, 06 Mar 2024 | HK$1.4t | HK$2.3t | HK$63.9b | 9.3x | 22.2x | 0.6x |
| Fri, 02 Feb 2024 | HK$1.3t | HK$2.3t | HK$65.7b | 9.4x | 19.4x | 0.6x |
| Sun, 31 Dec 2023 | HK$1.6t | HK$2.3t | HK$66.4b | 10.3x | 24.7x | 0.7x |
| Tue, 28 Nov 2023 | HK$1.6t | HK$2.3t | HK$72.6b | 10.9x | 22.4x | 0.7x |
| Thu, 26 Oct 2023 | HK$1.5t | HK$2.3t | HK$71.4b | 10.1x | 21.2x | 0.7x |
| Sat, 23 Sep 2023 | HK$1.5t | HK$2.3t | HK$70.8b | 10.5x | 21.2x | 0.7x |
| Mon, 21 Aug 2023 | HK$1.5t | HK$2.3t | HK$76.3b | 11.1x | 19.6x | 0.6x |
| Wed, 19 Jul 2023 | HK$1.6t | HK$2.4t | HK$82.0b | 9.9x | 19.4x | 0.7x |
| Fri, 16 Jun 2023 | HK$1.7t | HK$2.4t | HK$82.7b | 8.7x | 20x | 0.7x |
| Sun, 14 May 2023 | HK$1.6t | HK$2.5t | HK$80.2b | 8.6x | 19.8x | 0.6x |
| Tue, 11 Apr 2023 | HK$1.8t | HK$2.5t | HK$81.3b | 9.7x | 22.2x | 0.7x |
| Thu, 09 Mar 2023 | HK$1.8t | HK$2.5t | HK$74.5b | 9.1x | 23.6x | 0.7x |
| Sat, 04 Feb 2023 | HK$1.9t | HK$2.6t | HK$76.6b | 8.8x | 25x | 0.7x |
| Mon, 02 Jan 2023 | HK$1.7t | HK$2.6t | HK$76.2b | 8.3x | 22.1x | 0.7x |
| Wed, 30 Nov 2022 | HK$1.6t | HK$2.5t | HK$76.7b | 8.1x | 20.7x | 0.6x |
| Fri, 28 Oct 2022 | HK$1.5t | HK$2.5t | HK$76.7b | 8x | 19.2x | 0.6x |
| Sun, 25 Sep 2022 | HK$1.5t | HK$2.5t | HK$77.3b | 8.4x | 19.8x | 0.6x |
| Tue, 23 Aug 2022 | HK$1.7t | HK$2.6t | HK$68.5b | 8.9x | 24.8x | 0.7x |
| Thu, 21 Jul 2022 | HK$1.8t | HK$2.6t | HK$81.1b | 8.7x | 22.1x | 0.7x |
Price to Earnings Ratio
22.1x
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 60.5x which is higher than its 3-year average PE of 36.8x.
- The 3-year average PS ratio of 0.78x 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 declined 12% 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 | 1.04% | |
| Tech | 1.01% | |
| Electronic Equipment and Components | 3.75% | |
| Semiconductors | 2.97% | |
| Communications | 1.40% | |
| Software | 1.21% | |
| Tech Hardware | -0.11% | |
| IT | -7.90% | |
Industry PE
- Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 80.6x.
- Analysts are expecting annual earnings growth of 31.0%, which is higher than its past year's earnings decline of 52.4% per year.
Forecasted Growth
- Analysts are most optimistic on the Software industry, expecting annual earnings growth of 45% over the next 5 years.
- This is better than its past earnings decline of 3.3% per year.
- In contrast, the Communications industry is expected to see its earnings grow by 19% 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 | |
|---|---|---|---|---|---|
| 981 Semiconductor Manufacturing International | HK$45.95 | 4.6% +HK$16.0b | 153.9% | PE76.8x | |
| 2382 Sunny Optical Technology (Group) | HK$74.60 | 8.3% +HK$6.2b | 49.1% | PE27.4x | |
| 9678 Unisound AI Technology | HK$413.00 | 25.4% +HK$5.9b | n/a | PS28.5x | |
| 20 SenseTime Group | HK$1.60 | 6.0% +HK$3.3b | 15.9% | PS14.3x | |
| 3800 GCL Technology Holdings | HK$1.23 | 9.8% +HK$3.1b | 7.9% | PS2.1x |
