BYD Electronic (International)'s (HKG:285) Soft Earnings Don't Show The Whole Picture
Apr 29
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Hong Kong (HSI) Communications Equipment Industry Analysis
UpdatedApr 29, 2026
DataAggregated Company Financials
Companies22
- 7D4.1%
- 3M80.3%
- 1Y215.7%
- YTDn/a
In the last week, the Communications Equipment industry is up 8.1%, with Yangtze Optical Fibre And Cable Limited up 7.4%. During this same period, the BYD Electronic (International) underperformed, falling 7.2%. This means that the industry has gained 229% over the past year. As for the next few years, earnings are expected to grow by 41% per annum.
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 |
|---|---|---|---|---|---|---|
| Wed, 29 Apr 2026 | HK$382.5b | HK$257.6b | HK$6.9b | 24.9x | 55.5x | 1.5x |
| Fri, 27 Mar 2026 | HK$319.6b | HK$254.0b | HK$7.5b | 23.6x | 42.3x | 1.3x |
| Sun, 22 Feb 2026 | HK$254.2b | HK$250.3b | HK$6.4b | 14.4x | 39.5x | 1x |
| Tue, 20 Jan 2026 | HK$188.9b | HK$248.0b | HK$6.4b | 14x | 29.6x | 0.8x |
| Thu, 18 Dec 2025 | HK$167.5b | HK$244.8b | HK$6.3b | 13.8x | 26.6x | 0.7x |
| Sat, 15 Nov 2025 | HK$158.3b | HK$243.0b | HK$6.3b | 13.3x | 25.3x | 0.7x |
| Mon, 13 Oct 2025 | HK$186.4b | HK$242.3b | HK$6.4b | 13x | 29.3x | 0.8x |
| Wed, 10 Sep 2025 | HK$186.1b | HK$242.9b | HK$6.4b | 12.8x | 29.2x | 0.8x |
| Fri, 08 Aug 2025 | HK$150.2b | HK$240.5b | HK$6.0b | 15.3x | 24.8x | 0.6x |
| Sun, 06 Jul 2025 | HK$126.5b | HK$240.9b | HK$6.0b | 14x | 20.9x | 0.5x |
| Tue, 03 Jun 2025 | HK$117.0b | HK$239.7b | HK$6.0b | 12.8x | 19.4x | 0.5x |
| Thu, 01 May 2025 | HK$118.7b | HK$234.0b | HK$5.8b | 13.5x | 20.4x | 0.5x |
| Sat, 29 Mar 2025 | HK$145.0b | HK$234.4b | HK$6.1b | 16.3x | 23.7x | 0.6x |
| Mon, 24 Feb 2025 | HK$181.8b | HK$208.1b | HK$6.7b | 14.2x | 27.3x | 0.9x |
| Wed, 22 Jan 2025 | HK$135.2b | HK$207.6b | HK$6.6b | 10.4x | 20.3x | 0.7x |
| Fri, 20 Dec 2024 | HK$130.5b | HK$207.0b | HK$6.6b | 10.5x | 19.7x | 0.6x |
| Sun, 17 Nov 2024 | HK$105.0b | HK$209.0b | HK$6.7b | 10.2x | 15.7x | 0.5x |
| Tue, 15 Oct 2024 | HK$115.7b | HK$213.0b | HK$6.9b | 10.9x | 16.7x | 0.5x |
| Thu, 12 Sep 2024 | HK$93.5b | HK$212.5b | HK$6.9b | 9.3x | 13.5x | 0.4x |
| Sat, 10 Aug 2024 | HK$102.7b | HK$188.7b | HK$7.3b | 12.8x | 14x | 0.5x |
| Mon, 08 Jul 2024 | HK$119.3b | HK$186.7b | HK$7.2b | 16.6x | 16.5x | 0.6x |
| Wed, 05 Jun 2024 | HK$119.2b | HK$187.4b | HK$7.2b | 14x | 16.5x | 0.6x |
| Fri, 03 May 2024 | HK$95.7b | HK$187.9b | HK$7.2b | 13.5x | 13.3x | 0.5x |
| Sun, 31 Mar 2024 | HK$100.8b | HK$189.5b | HK$7.4b | 11.9x | 13.6x | 0.5x |
| Tue, 27 Feb 2024 | HK$101.2b | HK$179.9b | HK$5.1b | 9.2x | 19.7x | 0.6x |
| Thu, 25 Jan 2024 | HK$101.0b | HK$183.0b | HK$5.2b | 9.2x | 19.6x | 0.6x |
| Sat, 23 Dec 2023 | HK$110.9b | HK$181.9b | HK$5.1b | 9.9x | 21.6x | 0.6x |
| Mon, 20 Nov 2023 | HK$124.4b | HK$179.7b | HK$5.1b | 9.9x | 24.6x | 0.7x |
| Wed, 18 Oct 2023 | HK$130.1b | HK$179.3b | HK$5.0b | 10.9x | 25.9x | 0.7x |
| Fri, 15 Sep 2023 | HK$123.1b | HK$179.9b | HK$5.0b | 11.2x | 24.5x | 0.7x |
| Sun, 13 Aug 2023 | HK$106.1b | HK$166.4b | HK$3.7b | 13.1x | 29x | 0.6x |
| Tue, 11 Jul 2023 | HK$100.8b | HK$166.5b | HK$3.6b | 17x | 27.9x | 0.6x |
| Thu, 08 Jun 2023 | HK$97.8b | HK$169.2b | HK$3.6b | 12.8x | 27.2x | 0.6x |
| Sat, 06 May 2023 | HK$96.6b | HK$174.9b | HK$3.9b | 14x | 24.6x | 0.6x |
Price to Earnings Ratio
24.6x
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 56.9x which is higher than its 3-year average PE of 23.8x.
- The 3-year average PS ratio of 0.66x is lower than the industry's current PS ratio of 1.5x.
Past Earnings Growth
- The earnings for companies in the Communications Equipment industry have grown 21% per year over the last three years.
- Revenues for these companies have grown 14% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Comparison
How does Hong Kong Communications Equipment compare with similar industries?
| HK Market | -2.04% | |
| Tech | -1.50% | |
| Communications | 4.09% | |
| Communications Equipment | 4.09% | |
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 | |
|---|---|---|---|---|---|
| 1300 Trigiant Group | HK$1.42 | 31.5% +HK$601.1m | 373.3% | PE20.8x | |
| 1523 Plover Bay Technologies | HK$7.82 | 5.1% +HK$420.2m | 47.0% | PE24.3x | |
| 1617 Nanfang Communication Holdings | HK$0.79 | 23.4% +HK$243.9m | 863.4% | PE36.9x | |
| 9963 Transtech Optelecom Science Holdings | HK$5.95 | 8.6% +HK$140.5m | 2,233.3% | PS18.5x | |
| 8227 Xi'an Haitian Antenna Technologies | HK$0.17 | 18.2% +HK$49.3m | -32.4% | PS10.1x |
