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Hong Kong (HSI) Tech Sector Analysis
UpdatedJan 30, 2026
DataAggregated Company Financials
Companies218
- 7D2.2%
- 3M-2.9%
- 1Y33.1%
- YTD2.7%
In the last week, the Tech industry is up 4.0%, with Xiaomi leading the way, up 3.9%. In the same time, Shanghai Iluvatar CoreX Semiconductor was down 20%. This means that the industry has gained 35% over the past year. Looking forward, earnings are forecast to grow by 28% 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, 30 Jan 2026 | HK$3.7t | HK$2.9t | HK$76.3b | 18.1x | 48x | 1.3x |
| Sun, 28 Dec 2025 | HK$3.4t | HK$2.9t | HK$77.3b | 15.6x | 44.1x | 1.2x |
| Tue, 25 Nov 2025 | HK$3.3t | HK$2.9t | HK$76.3b | 16.6x | 42.6x | 1.1x |
| Thu, 23 Oct 2025 | HK$3.7t | HK$2.8t | HK$66.6b | 17.8x | 56.1x | 1.3x |
| Sat, 20 Sep 2025 | HK$4.0t | HK$2.8t | HK$67.3b | 19.1x | 60x | 1.4x |
| Mon, 18 Aug 2025 | HK$3.6t | HK$2.7t | HK$56.8b | 21.7x | 62.5x | 1.3x |
| Wed, 16 Jul 2025 | HK$3.4t | HK$2.7t | HK$55.3b | 16.6x | 61.4x | 1.3x |
| Fri, 13 Jun 2025 | HK$3.1t | HK$2.7t | HK$52.6b | 14.3x | 58.7x | 1.1x |
| Sun, 11 May 2025 | HK$3.0t | HK$2.6t | HK$45.9b | 13.2x | 66.3x | 1.2x |
| Tue, 08 Apr 2025 | HK$2.4t | HK$2.6t | HK$45.6b | 12.7x | 52.7x | 0.9x |
| Thu, 06 Mar 2025 | HK$3.3t | HK$2.4t | HK$34.8b | 12.9x | 95x | 1.4x |
| Sat, 01 Feb 2025 | HK$2.6t | HK$2.4t | HK$36.0b | 11.6x | 71.8x | 1.1x |
| Mon, 30 Dec 2024 | HK$2.5t | HK$2.4t | HK$36.0b | 11.5x | 68.5x | 1x |
| Wed, 27 Nov 2024 | HK$2.1t | HK$2.4t | HK$37.5b | 11x | 55.9x | 0.9x |
| Fri, 25 Oct 2024 | HK$2.1t | HK$2.4t | HK$33.7b | 11.8x | 62.1x | 0.9x |
| Sun, 22 Sep 2024 | HK$1.6t | HK$2.4t | HK$34.3b | 10.5x | 46.5x | 0.7x |
| Tue, 20 Aug 2024 | HK$1.6t | HK$2.3t | HK$40.4b | 11.2x | 39.3x | 0.7x |
| Thu, 18 Jul 2024 | HK$1.6t | HK$2.3t | HK$44.7b | 12.1x | 36.7x | 0.7x |
| Sat, 15 Jun 2024 | HK$1.7t | HK$2.3t | HK$42.2b | 13x | 40x | 0.7x |
| Mon, 13 May 2024 | HK$1.7t | HK$2.2t | HK$40.9b | 12.5x | 41.6x | 0.8x |
| Wed, 10 Apr 2024 | HK$1.5t | HK$2.3t | HK$44.6b | 11.5x | 34.3x | 0.7x |
| Fri, 08 Mar 2024 | HK$1.4t | HK$2.3t | HK$64.2b | 9.3x | 22.4x | 0.6x |
| Sun, 04 Feb 2024 | HK$1.3t | HK$2.3t | HK$65.3b | 9.3x | 19.2x | 0.6x |
| Tue, 02 Jan 2024 | HK$1.6t | HK$2.3t | HK$66.5b | 10.3x | 24.7x | 0.7x |
| Thu, 30 Nov 2023 | HK$1.6t | HK$2.3t | HK$66.5b | 10.4x | 24.5x | 0.7x |
| Sat, 28 Oct 2023 | HK$1.5t | HK$2.3t | HK$70.8b | 10.1x | 21.7x | 0.7x |
| Mon, 25 Sep 2023 | HK$1.5t | HK$2.3t | HK$70.7b | 10.5x | 21.2x | 0.7x |
| Wed, 23 Aug 2023 | HK$1.5t | HK$2.3t | HK$76.2b | 10.2x | 19.5x | 0.6x |
| Fri, 21 Jul 2023 | HK$1.5t | HK$2.4t | HK$82.1b | 9.9x | 18.8x | 0.6x |
| Sun, 18 Jun 2023 | HK$1.7t | HK$2.4t | HK$82.9b | 8.9x | 20.1x | 0.7x |
| Tue, 16 May 2023 | HK$1.6t | HK$2.5t | HK$80.2b | 8.5x | 20.1x | 0.6x |
| Thu, 13 Apr 2023 | HK$1.8t | HK$2.5t | HK$81.3b | 9.5x | 22.1x | 0.7x |
| Sat, 11 Mar 2023 | HK$1.7t | HK$2.5t | HK$74.7b | 8.7x | 22.8x | 0.7x |
| Mon, 06 Feb 2023 | HK$1.9t | HK$2.6t | HK$76.5b | 8.8x | 25x | 0.7x |
Price to Earnings Ratio
25x
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 48.7x which is higher than its 3-year average PE of 42.8x.
- The 3-year average PS ratio of 0.90x 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 3.9% 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 | 4.52% | |
| Tech | 2.20% | |
| Communications | 17.98% | |
| Tech Hardware | 3.98% | |
| IT | 2.19% | |
| Software | 1.42% | |
| Semiconductors | 0.027% | |
| Electronic Equipment and Components | -0.89% | |
Industry PE
- Investors are most optimistic about the IT industry which is trading above its 3-year average PE ratio of 41.1x.
- Analysts are expecting annual earnings growth of 30.2%, which is higher than its past year's earnings growth of 4.1% per year.
Forecasted Growth
- Analysts are most optimistic on the Software industry, expecting annual earnings growth of 53% over the next 5 years.
- This is better than its past earnings growth rate of 30% 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 | |
|---|---|---|---|---|---|
| 100 MiniMax Group | HK$473.00 | 25.8% +HK$30.0b | n/a | PS290.5x | |
| 6869 Yangtze Optical Fibre And Cable Limited | HK$83.70 | 57.0% +HK$25.0b | 411.6% | PE106.9x | |
| 2513 Knowledge Atlas Technology | HK$226.20 | 17.8% +HK$15.1b | n/a | PS193.4x | |
| 1347 Hua Hong Semiconductor | HK$116.50 | 6.1% +HK$11.6b | 409.8% | PE2120.5x | |
| 9678 Unisound AI Technology | HK$357.00 | 65.3% +HK$6.0b | n/a | PS13.4x |
