Here's Why Plover Bay Technologies (HKG:1523) Has Caught The Eye Of Investors
Mar 15
Hong Kong (HSI) Communications Industry Analysis
UpdatedMar 25, 2023
DataAggregated Company Financials
Companies23
- 7D5.8%
- 3M3.4%
- 1Y20.4%
- YTD-1.9%
The Communications industry is up 5.8% in the last week, with BYD Electronic (International) up 10%. In the same time, Hengxin Technology was down 62%. This means that the industry has gained 20% over the past year. Looking forward, earnings are forecast to grow by 27% annually.
Industry Valuation and Performance
Has the Hong Kong Communications Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 26 Mar 2023 | HK$102.4b | HK$154.9b | HK$3.5b | 11.5x | 29x | 0.7x |
| Tue, 21 Feb 2023 | HK$105.8b | HK$154.1b | HK$2.7b | 11.7x | 39.6x | 0.7x |
| Thu, 19 Jan 2023 | HK$106.5b | HK$155.9b | HK$2.7b | 11.4x | 39.3x | 0.7x |
| Sat, 17 Dec 2022 | HK$106.1b | HK$151.2b | HK$2.6b | 11.5x | 40.6x | 0.7x |
| Mon, 14 Nov 2022 | HK$100.2b | HK$149.9b | HK$2.6b | 11.7x | 38.7x | 0.7x |
| Wed, 12 Oct 2022 | HK$86.0b | HK$147.3b | HK$2.2b | 13.4x | 38.3x | 0.6x |
| Fri, 09 Sep 2022 | HK$108.6b | HK$150.5b | HK$2.3b | 15.8x | 46.9x | 0.7x |
| Sun, 07 Aug 2022 | HK$98.5b | HK$152.9b | HK$3.7b | 11.3x | 26.4x | 0.6x |
| Tue, 05 Jul 2022 | HK$105.0b | HK$154.0b | HK$3.7b | 11.4x | 28.3x | 0.7x |
| Thu, 02 Jun 2022 | HK$87.2b | HK$154.5b | HK$3.8b | 11.1x | 22.9x | 0.6x |
| Sat, 30 Apr 2022 | HK$81.1b | HK$154.2b | HK$3.9b | 13.2x | 20.8x | 0.5x |
| Mon, 28 Mar 2022 | HK$85.9b | HK$155.7b | HK$7.2b | 14.1x | 12x | 0.6x |
| Wed, 23 Feb 2022 | HK$107.0b | HK$154.5b | HK$7.4b | 15.4x | 14.5x | 0.7x |
| Fri, 21 Jan 2022 | HK$113.7b | HK$154.1b | HK$7.3b | 16.9x | 15.5x | 0.7x |
| Sun, 19 Dec 2021 | HK$121.1b | HK$153.7b | HK$7.3b | 16.6x | 16.5x | 0.8x |
| Tue, 16 Nov 2021 | HK$124.3b | HK$153.5b | HK$7.7b | 17.4x | 16.2x | 0.8x |
| Thu, 14 Oct 2021 | HK$115.3b | HK$151.5b | HK$7.7b | 13.2x | 15x | 0.8x |
| Sat, 11 Sep 2021 | HK$139.7b | HK$151.1b | HK$7.7b | 14.7x | 18.2x | 0.9x |
| Mon, 09 Aug 2021 | HK$146.0b | HK$160.2b | HK$7.3b | 14.7x | 20.1x | 0.9x |
| Sun, 02 May 2021 | HK$144.9b | HK$150.5b | HK$7.5b | 12.7x | 19.3x | 1x |
| Wed, 03 Feb 2021 | HK$171.3b | HK$141.1b | HK$7.7b | 15.6x | 22.1x | 1.2x |
| Sat, 07 Nov 2020 | HK$127.8b | HK$128.0b | HK$5.1b | 13.1x | 25.2x | 1x |
| Fri, 31 Jul 2020 | HK$115.5b | HK$115.4b | HK$3.3b | 16.5x | 35x | 1x |
| Mon, 04 May 2020 | HK$100.4b | HK$111.2b | HK$2.3b | 25.1x | 44.4x | 0.9x |
Price to Earnings Ratio
39.2x
Current Industry PE
- Investors are relatively neutral on the Hong Kong Communications 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 27.1x.
- The industry is trading close to its 3-year average PS ratio of 0.83x.
Past Earnings Growth
- The earnings for companies in the Communications industry have grown 16% per year over the last three years.
- Revenues for these companies have grown 12% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Hong Kong Tech industry?
| HK Market | 0.66% | |
| Tech | 2.86% | |
| Communications | 5.76% | |
| Communications Equipment | 5.76% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 285 BYD Electronic (International) | HK$23.80 | 10.2% +HK$5.0b | 40.7% | PE36.1x | |
| 6869 Yangtze Optical Fibre And Cable Limited | HK$16.56 | 8.1% +HK$937.3m | 58.9% | PE9.4x | |
| 303 Vtech Holdings | HK$46.70 | 1.6% +HK$189.5m | -17.6% | PE8.5x | |
| 2342 Comba Telecom Systems Holdings | HK$1.45 | 1.4% +HK$55.3m | 4.3% | PE21.1x | |
| 2000 SIM Technology Group | HK$0.28 | 1.8% +HK$11.0m | -20.0% | PS1x |
