Hong Kong (HSI) Communications Equipment Industry Analysis

Industry Valuation and Performance

Has the Hong Kong Communications Equipment Industry valuation changed over the past few years?

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Sun, 21 Jun 2026	HK$366.8b	HK$52.6b	HK$3.2b	27.4x	114.3x	7x
Tue, 19 May 2026	HK$402.2b	HK$259.4b	HK$7.3b	25.9x	55x	1.6x
Thu, 16 Apr 2026	HK$370.9b	HK$258.0b	HK$6.9b	21.1x	53.7x	1.4x
Sat, 14 Mar 2026	HK$281.9b	HK$251.1b	HK$6.5b	13.8x	43.4x	1.1x
Mon, 09 Feb 2026	HK$229.8b	HK$249.3b	HK$6.4b	14.1x	35.9x	0.9x
Wed, 07 Jan 2026	HK$183.0b	HK$247.0b	HK$6.3b	13.7x	28.8x	0.7x
Fri, 05 Dec 2025	HK$162.9b	HK$244.1b	HK$6.3b	14.4x	25.9x	0.7x
Sun, 02 Nov 2025	HK$168.8b	HK$243.1b	HK$6.3b	13.2x	26.6x	0.7x
Tue, 30 Sep 2025	HK$190.6b	HK$242.8b	HK$6.4b	13.3x	30x	0.8x
Thu, 28 Aug 2025	HK$170.6b	HK$238.7b	HK$6.1b	18.8x	27.9x	0.7x
Sat, 26 Jul 2025	HK$132.3b	HK$240.8b	HK$6.0b	14.5x	21.9x	0.5x
Mon, 23 Jun 2025	HK$120.0b	HK$240.7b	HK$6.0b	13.5x	19.9x	0.5x
Wed, 21 May 2025	HK$125.3b	HK$238.6b	HK$6.0b	13.2x	20.9x	0.5x
Fri, 18 Apr 2025	HK$115.5b	HK$233.2b	HK$5.8b	13.9x	19.9x	0.5x
Sun, 16 Mar 2025	HK$165.3b	HK$208.7b	HK$6.7b	13.9x	24.7x	0.8x
Tue, 11 Feb 2025	HK$171.5b	HK$207.2b	HK$6.6b	13.6x	25.8x	0.8x
Thu, 09 Jan 2025	HK$132.3b	HK$206.3b	HK$6.6b	10.2x	20x	0.6x
Sat, 07 Dec 2024	HK$129.2b	HK$208.1b	HK$6.7b	9.8x	19.4x	0.6x
Mon, 04 Nov 2024	HK$116.1b	HK$212.0b	HK$6.8b	11.4x	17x	0.5x
Wed, 02 Oct 2024	HK$113.8b	HK$214.4b	HK$7.0b	9.9x	16.3x	0.5x
Fri, 30 Aug 2024	HK$98.5b	HK$213.1b	HK$7.0b	9.8x	14.1x	0.5x
Sun, 28 Jul 2024	HK$105.4b	HK$187.1b	HK$7.3b	12x	14.5x	0.6x
Tue, 25 Jun 2024	HK$123.2b	HK$186.8b	HK$7.2b	14.1x	17.1x	0.7x
Thu, 23 May 2024	HK$114.1b	HK$187.2b	HK$7.2b	14.6x	15.8x	0.6x
Sat, 20 Apr 2024	HK$89.5b	HK$189.2b	HK$7.4b	12.7x	12.1x	0.5x
Mon, 18 Mar 2024	HK$101.6b	HK$180.0b	HK$5.2b	9.2x	19.7x	0.6x
Wed, 14 Feb 2024	HK$97.9b	HK$180.0b	HK$5.1b	9.3x	19x	0.5x
Fri, 12 Jan 2024	HK$111.4b	HK$181.2b	HK$5.1b	9.6x	21.8x	0.6x
Sun, 10 Dec 2023	HK$106.1b	HK$180.9b	HK$5.1b	10.2x	20.8x	0.6x
Tue, 07 Nov 2023	HK$118.7b	HK$179.2b	HK$5.0b	10.1x	23.9x	0.7x
Thu, 05 Oct 2023	HK$120.3b	HK$179.5b	HK$5.0b	10.7x	23.9x	0.7x
Sat, 02 Sep 2023	HK$121.8b	HK$180.6b	HK$5.1b	11.2x	24.1x	0.7x
Mon, 31 Jul 2023	HK$111.1b	HK$167.6b	HK$3.6b	13.3x	30.5x	0.7x
Wed, 28 Jun 2023	HK$98.4b	HK$167.0b	HK$3.6b	17x	27.7x	0.6x

Current Industry PE

Investors are optimistic on the Hong Kong Communications Equipment industry, and appear confident in long term growth rates.

The industry is trading at a PE ratio of 114x which is higher than its 3-year average PE of 26.1x.

The 3-year average PS ratio of 0.80x is lower than the industry's current PS ratio of 7.0x.

Past Earnings Growth

The earnings for companies in the Communications Equipment industry have declined 3.4% per year over the last three years,
Revenues have also declined 32% per year.
This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Comparison

How does Hong Kong Communications Equipment compare with similar industries?


HK Market	-3.95%
Tech	5.75%
Communications	-3.37%
Communications Equipment	-3.37%

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
9963 Transtech Optelecom Science Holdings	HK$11.09	22.8% +HK$615.9m	3,536.1%	PS34.5x
1085 Hengxin Technology	HK$1.95	9.6% +HK$79.2m	57.3%	PS0.3x
1720 Putian Communication Group	HK$0.64	12.3% +HK$77.0m	515.4%	PE24x
1202 Chengdu SIWI Science and Technology	HK$1.54	9.2% +HK$52.0m	105.3%	PE178.4x
3355 FS.COM	HK$35.96	0.3% +HK$40.0m	n/a	PE20.7x

Company

Last Price

Valuation

9963 Transtech Optelecom Science Holdings

HK$11.09

22.8%
+HK$615.9m

3,536.1%

PS34.5x

1085 Hengxin Technology

HK$1.95

9.6%
+HK$79.2m

57.3%

PS0.3x

1720 Putian Communication Group

HK$0.64

12.3%
+HK$77.0m

515.4%

PE24x

1202 Chengdu SIWI Science and Technology

HK$1.54

9.2%
+HK$52.0m

105.3%

PE178.4x

3355 FS.COM

HK$35.96

0.3%
+HK$40.0m

n/a

PE20.7x

New major risk - Shareholder dilution

The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 99% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Negative equity (-HK$208m). Earnings have declined by 25% per year over the past 5 years. Shareholders have been substantially diluted in the past year (99% increase in shares outstanding). Minor Risk Market cap is less than US$100m (HK$201.2m market cap, or US$25.7m).

Hong Kong (HSI) Communications Equipment Industry Analysis

Industry Valuation and Performance

Industry Comparison

Top Stock Gainers and Losers

Latest News

New major risk - Revenue and earnings growth

Inaugural dividend of CN¥0.01 per share

1523: Stable Assumptions And Maintained Fair Value Will Guide 2025 Outlook

Now 20% overvalued

Dividend of CN¥0.29 announced

InvesTech Holdings Limited has completed a Follow-on Equity Offering in the amount of HKD 26.784992 million.

Group CFO & Executive Director recently sold HK$438k worth of stock

Dividend of HK$0.01 announced

New major risk - Share price stability

Here's Why We Think Putian Communication Group (HKG:1720) Is Well Worth Watching

New major risk - Shareholder dilution

Hengxin Technology Ltd., Annual General Meeting, May 29, 2026

Full year 2025 earnings released: HK$0.006 loss per share (vs HK$0.044 loss in FY 2024)

Executive Chairman of the Board recently bought HK$55k worth of stock

Full year 2025 earnings released: HK$0.38 loss per share (vs HK$0.36 loss in FY 2024)

Synertone Communication Corporation has filed a Follow-on Equity Offering in the amount of HKD 108 million.