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Hong Kong (HSI) Tech Sector Analysis
UpdatedMar 29, 2026
DataAggregated Company Financials
Companies223
- 7D-2.6%
- 3M-7.5%
- 1Y-4.0%
- YTD-9.0%
Over the last 7 days, the Tech industry has dropped 2.6%, driven by a pullback from Semiconductor Manufacturing International of 7.7%. Meanwhile, Knowledge Atlas Technology actually outperformed within the industry, gaining 5.9% in the last week. Overall the industry is down 4.0% in 12 months. As for the next few years, earnings are expected to grow by 31% 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 |
|---|---|---|---|---|---|---|
| Sun, 29 Mar 2026 | HK$3.4t | HK$3.0t | HK$77.6b | 16.7x | 43.9x | 1.1x |
| Tue, 24 Feb 2026 | HK$3.8t | HK$3.0t | HK$75.5b | 16.1x | 49.8x | 1.3x |
| Thu, 22 Jan 2026 | HK$3.6t | HK$2.9t | HK$76.1b | 18.2x | 47.2x | 1.2x |
| Sat, 20 Dec 2025 | HK$3.4t | HK$2.9t | HK$77.0b | 15.8x | 43.5x | 1.2x |
| Mon, 17 Nov 2025 | HK$3.5t | HK$2.8t | HK$67.0b | 16x | 52.7x | 1.2x |
| Wed, 15 Oct 2025 | HK$3.8t | HK$2.8t | HK$66.7b | 17.8x | 57x | 1.3x |
| Fri, 12 Sep 2025 | HK$3.8t | HK$2.8t | HK$67.4b | 19.3x | 57.1x | 1.4x |
| Sun, 10 Aug 2025 | HK$3.4t | HK$2.7t | HK$53.9b | 19x | 62.5x | 1.2x |
| Tue, 08 Jul 2025 | HK$3.3t | HK$2.7t | HK$55.3b | 16x | 59.6x | 1.2x |
| Thu, 05 Jun 2025 | HK$3.1t | HK$2.7t | HK$52.5b | 13.1x | 58.5x | 1.1x |
| Sat, 03 May 2025 | HK$3.1t | HK$2.6t | HK$44.9b | 13.4x | 70x | 1.2x |
| Mon, 31 Mar 2025 | HK$3.2t | HK$2.6t | HK$42.4b | 14x | 74.6x | 1.2x |
| Wed, 26 Feb 2025 | HK$3.3t | HK$2.5t | HK$38.2b | 13.1x | 87.5x | 1.4x |
| Fri, 24 Jan 2025 | HK$2.5t | HK$2.4t | HK$35.6b | 11.9x | 69.5x | 1x |
| Sun, 22 Dec 2024 | HK$2.3t | HK$2.4t | HK$37.2b | 11.3x | 62.2x | 1x |
| Tue, 19 Nov 2024 | HK$2.2t | HK$2.4t | HK$33.9b | 11.7x | 63.8x | 0.9x |
| Thu, 17 Oct 2024 | HK$1.9t | HK$2.4t | HK$33.7b | 11.3x | 57.3x | 0.8x |
| Sat, 14 Sep 2024 | HK$1.5t | HK$2.4t | HK$34.2b | 10.2x | 45.1x | 0.6x |
| Mon, 12 Aug 2024 | HK$1.5t | HK$2.3t | HK$43.4b | 11.5x | 35.3x | 0.7x |
| Wed, 10 Jul 2024 | HK$1.7t | HK$2.3t | HK$44.7b | 11.5x | 36.9x | 0.7x |
| Fri, 07 Jun 2024 | HK$1.7t | HK$2.3t | HK$42.2b | 12.2x | 40.6x | 0.8x |
| Sun, 05 May 2024 | HK$1.6t | HK$2.2t | HK$43.1b | 11.9x | 37.9x | 0.7x |
| Tue, 02 Apr 2024 | HK$1.5t | HK$2.3t | HK$44.7b | 11.1x | 33.8x | 0.7x |
| Thu, 29 Feb 2024 | HK$1.4t | HK$2.3t | HK$63.2b | 9x | 21.8x | 0.6x |
| Sat, 27 Jan 2024 | HK$1.4t | HK$2.3t | HK$66.3b | 9.5x | 21.3x | 0.6x |
| Mon, 25 Dec 2023 | HK$1.6t | HK$2.3t | HK$66.4b | 9.8x | 23.9x | 0.7x |
| Wed, 22 Nov 2023 | HK$1.7t | HK$2.3t | HK$72.7b | 11.1x | 22.8x | 0.7x |
| Fri, 20 Oct 2023 | HK$1.5t | HK$2.3t | HK$70.9b | 10.1x | 21.6x | 0.7x |
| Sun, 17 Sep 2023 | HK$1.6t | HK$2.3t | HK$70.9b | 10.8x | 22.2x | 0.7x |
| Tue, 15 Aug 2023 | HK$1.5t | HK$2.4t | HK$78.8b | 10.7x | 19.4x | 0.6x |
| Thu, 13 Jul 2023 | HK$1.6t | HK$2.4t | HK$82.1b | 10x | 19.1x | 0.7x |
| Sat, 10 Jun 2023 | HK$1.6t | HK$2.4t | HK$83.0b | 8.7x | 19x | 0.7x |
| Mon, 08 May 2023 | HK$1.7t | HK$2.5t | HK$81.4b | 9.1x | 20.3x | 0.7x |
| Wed, 05 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 6.5% 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 Market | -1.35% | |
| Tech | -2.65% | |
| IT | 11.83% | |
| Communications | 6.82% | |
| Tech Hardware | -0.40% | |
| Electronic Equipment and Components | -0.49% | |
| Semiconductors | -7.76% | |
| Software | -7.82% | |
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 84.0%, 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 84% 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 | |
|---|---|---|---|---|---|
| 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 | |
| 3317 Shenzhen Xunce Technology | HK$188.50 | 28.2% +HK$13.4b | n/a | PS41.8x | |
| 2477 WellCell Holdings | HK$19.60 | 25.5% +HK$4.0b | 87.1% | PE1009.2x | |
| 2018 AAC Technologies Holdings | HK$34.28 | 6.4% +HK$2.4b | -27.5% | PE14x |
