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Hong Kong (HSI) Tech Sector Analysis
UpdatedMar 30, 2026
DataAggregated Company Financials
Companies224
- 7D-2.6%
- 3M-4.9%
- 1Y-4.0%
- YTD-8.9%
Over the last 7 days, the Tech industry has dropped 2.6%, driven by Semiconductor Manufacturing International declining 7.7%. In contrast, Knowledge Atlas Technology has gained 5.9%. Overall the industry is down 4.0% in 12 months. 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 |
|---|---|---|---|---|---|---|
| Mon, 30 Mar 2026 | HK$3.4t | HK$3.0t | HK$70.6b | 16.7x | 48.7x | 1.1x |
| Wed, 25 Feb 2026 | HK$3.7t | HK$3.0t | HK$75.7b | 16.2x | 49.2x | 1.3x |
| Fri, 23 Jan 2026 | HK$3.6t | HK$2.9t | HK$76.1b | 18.5x | 47.4x | 1.2x |
| Sun, 21 Dec 2025 | HK$3.4t | HK$2.9t | HK$77.0b | 15.8x | 43.5x | 1.2x |
| Tue, 18 Nov 2025 | HK$3.5t | HK$2.8t | HK$67.0b | 17.1x | 52.4x | 1.2x |
| Thu, 16 Oct 2025 | HK$3.9t | HK$2.8t | HK$66.7b | 18x | 58.4x | 1.4x |
| Sat, 13 Sep 2025 | HK$3.9t | HK$2.8t | HK$67.3b | 19x | 57.3x | 1.4x |
| Mon, 11 Aug 2025 | HK$3.4t | HK$2.7t | HK$53.9b | 19x | 62.5x | 1.2x |
| Wed, 09 Jul 2025 | HK$3.4t | HK$2.7t | HK$55.3b | 16.4x | 60.9x | 1.2x |
| Fri, 06 Jun 2025 | HK$3.1t | HK$2.7t | HK$52.5b | 13.5x | 59.7x | 1.2x |
| Sun, 04 May 2025 | HK$3.1t | HK$2.6t | HK$44.9b | 13.4x | 70x | 1.2x |
| Tue, 01 Apr 2025 | HK$3.1t | HK$2.6t | HK$42.4b | 14.1x | 72.2x | 1.2x |
| Thu, 27 Feb 2025 | HK$3.5t | HK$2.5t | HK$38.2b | 13.3x | 90.3x | 1.4x |
| Sat, 25 Jan 2025 | HK$2.6t | HK$2.4t | HK$35.7b | 12.4x | 72.7x | 1.1x |
| Mon, 23 Dec 2024 | HK$2.3t | HK$2.4t | HK$37.2b | 11.3x | 62.2x | 1x |
| Wed, 20 Nov 2024 | HK$2.2t | HK$2.4t | HK$37.5b | 11.9x | 57.9x | 0.9x |
| Fri, 18 Oct 2024 | HK$1.9t | HK$2.4t | HK$33.7b | 11x | 57.6x | 0.8x |
| Sun, 15 Sep 2024 | HK$1.5t | HK$2.4t | HK$34.3b | 10.2x | 45.1x | 0.6x |
| Tue, 13 Aug 2024 | HK$1.5t | HK$2.3t | HK$43.3b | 11.5x | 35.5x | 0.7x |
| Thu, 11 Jul 2024 | HK$1.6t | HK$2.3t | HK$44.7b | 11.5x | 36.7x | 0.7x |
| Sat, 08 Jun 2024 | HK$1.7t | HK$2.3t | HK$42.2b | 12.2x | 39.8x | 0.7x |
| Mon, 06 May 2024 | HK$1.6t | HK$2.2t | HK$43.1b | 11.9x | 37.9x | 0.7x |
| Wed, 03 Apr 2024 | HK$1.5t | HK$2.3t | HK$44.7b | 11x | 34.7x | 0.7x |
| Fri, 01 Mar 2024 | HK$1.4t | HK$2.3t | HK$63.9b | 9.1x | 22.3x | 0.6x |
| Sun, 28 Jan 2024 | HK$1.4t | HK$2.3t | HK$66.3b | 9.5x | 21.3x | 0.6x |
| Tue, 26 Dec 2023 | HK$1.6t | HK$2.3t | HK$66.4b | 9.8x | 23.9x | 0.7x |
| Thu, 23 Nov 2023 | HK$1.6t | HK$2.3t | HK$72.7b | 11.5x | 22.2x | 0.7x |
| Sat, 21 Oct 2023 | HK$1.5t | HK$2.3t | HK$70.9b | 10.1x | 21.4x | 0.7x |
| Mon, 18 Sep 2023 | HK$1.6t | HK$2.3t | HK$70.9b | 10.8x | 22.2x | 0.7x |
| Wed, 16 Aug 2023 | HK$1.5t | HK$2.4t | HK$78.7b | 10.5x | 19.3x | 0.6x |
| Fri, 14 Jul 2023 | HK$1.6t | HK$2.4t | HK$82.2b | 10.1x | 19.5x | 0.7x |
| Sun, 11 Jun 2023 | HK$1.6t | HK$2.4t | HK$83.0b | 8.7x | 18.9x | 0.7x |
| Tue, 09 May 2023 | HK$1.7t | HK$2.5t | HK$81.4b | 9.4x | 20.3x | 0.7x |
| Thu, 06 Apr 2023 | HK$1.8t | HK$2.5t | HK$81.6b | 10.4x | 21.8x | 0.7x |
Price to Earnings Ratio
21.8x
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 44.0x.
- The 3-year average PS ratio of 0.92x 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 6.6% 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 | -1.33% | |
| Tech | -2.57% | |
| IT | 15.05% | |
| Communications | 6.81% | |
| Electronic Equipment and Components | -0.31% | |
| Tech Hardware | -0.40% | |
| Semiconductors | -7.76% | |
| Software | -7.84% | |
Industry PE
- Investors are most optimistic about the IT industry which is trading above its 3-year average PE ratio of 43.2x.
- Analysts are expecting annual earnings growth of 87.8%, which is higher than its past year's earnings decline of 11.9% per year.
Forecasted Growth
- Analysts are most optimistic on the IT industry, expecting annual earnings growth of 88% over the next 5 years.
- This is better than its past earnings decline of 12% per year.
- In contrast, the Tech Hardware industry is expected to see its earnings grow by 15% 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$990.00 | 8.0% +HK$22.7b | n/a | PS494.5x | |
| 3317 Shenzhen Xunce Technology | HK$188.50 | 38.6% +HK$16.9b | n/a | PS41.8x | |
| 2513 Knowledge Atlas Technology | HK$668.00 | 5.9% +HK$16.7b | n/a | PS573.3x | |
| 6869 Yangtze Optical Fibre And Cable Limited | HK$172.30 | 12.0% +HK$15.2b | 970.2% | PE153.6x | |
| 2477 WellCell Holdings | HK$19.60 | 25.5% +HK$4.0b | 87.1% | PE1127.7x |
