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
Thu, 30 Jul 2026	HK$218.6b	HK$52.6b	HK$3.2b	17x	67.8x	4.2x
Sat, 27 Jun 2026	HK$418.6b	HK$52.5b	HK$3.2b	24.6x	130.8x	8x
Mon, 25 May 2026	HK$388.5b	HK$259.5b	HK$7.2b	25.6x	53.7x	1.5x
Wed, 22 Apr 2026	HK$383.0b	HK$258.1b	HK$6.9b	21.1x	55.5x	1.5x
Fri, 20 Mar 2026	HK$265.8b	HK$251.1b	HK$6.5b	13.8x	40.9x	1.1x
Sun, 15 Feb 2026	HK$255.5b	HK$250.4b	HK$6.4b	14.6x	39.7x	1x
Tue, 13 Jan 2026	HK$182.5b	HK$247.6b	HK$6.4b	13.7x	28.7x	0.7x
Thu, 11 Dec 2025	HK$169.4b	HK$244.3b	HK$6.3b	13.8x	27x	0.7x
Sat, 08 Nov 2025	HK$162.3b	HK$243.2b	HK$6.3b	13.3x	25.6x	0.7x
Mon, 06 Oct 2025	HK$198.4b	HK$242.7b	HK$6.4b	13.2x	31.1x	0.8x
Wed, 03 Sep 2025	HK$183.9b	HK$242.2b	HK$6.6b	12.7x	28x	0.8x
Fri, 01 Aug 2025	HK$137.1b	HK$239.9b	HK$6.0b	14x	22.8x	0.6x
Sun, 29 Jun 2025	HK$125.2b	HK$240.7b	HK$6.0b	13.8x	20.7x	0.5x
Tue, 27 May 2025	HK$120.6b	HK$239.8b	HK$6.0b	12.7x	20x	0.5x
Thu, 24 Apr 2025	HK$123.2b	HK$233.4b	HK$5.8b	13.7x	21.2x	0.5x
Sat, 22 Mar 2025	HK$157.5b	HK$208.4b	HK$6.7b	13.2x	23.5x	0.8x
Mon, 17 Feb 2025	HK$181.8b	HK$208.4b	HK$6.7b	13.3x	27.3x	0.9x
Wed, 15 Jan 2025	HK$127.5b	HK$206.5b	HK$6.6b	10.2x	19.3x	0.6x
Fri, 13 Dec 2024	HK$135.2b	HK$207.9b	HK$6.7b	10.4x	20.3x	0.7x
Sun, 10 Nov 2024	HK$112.3b	HK$210.4b	HK$6.8b	11.5x	16.6x	0.5x
Tue, 08 Oct 2024	HK$124.6b	HK$214.2b	HK$7.0b	10.8x	17.9x	0.6x
Thu, 05 Sep 2024	HK$97.7b	HK$212.4b	HK$6.9b	9.5x	14.1x	0.5x
Sat, 03 Aug 2024	HK$102.2b	HK$188.2b	HK$7.3b	12.5x	14x	0.5x
Mon, 01 Jul 2024	HK$125.6b	HK$186.7b	HK$7.2b	16.4x	17.5x	0.7x
Wed, 29 May 2024	HK$115.0b	HK$187.1b	HK$7.2b	14.1x	16x	0.6x
Fri, 26 Apr 2024	HK$89.0b	HK$189.0b	HK$7.4b	12.5x	12.1x	0.5x
Sun, 24 Mar 2024	HK$106.7b	HK$178.7b	HK$5.0b	11.6x	21.6x	0.6x
Tue, 20 Feb 2024	HK$100.3b	HK$179.9b	HK$5.1b	9.3x	19.5x	0.6x
Thu, 18 Jan 2024	HK$102.2b	HK$180.6b	HK$5.1b	9.2x	20.1x	0.6x
Sat, 16 Dec 2023	HK$110.9b	HK$182.1b	HK$5.1b	10x	21.6x	0.6x
Mon, 13 Nov 2023	HK$114.7b	HK$178.5b	HK$4.9b	10.6x	23.2x	0.6x
Wed, 11 Oct 2023	HK$126.3b	HK$179.3b	HK$5.0b	10.8x	25.1x	0.7x
Fri, 08 Sep 2023	HK$123.7b	HK$179.1b	HK$5.0b	11.4x	24.7x	0.7x
Sun, 06 Aug 2023	HK$111.2b	HK$167.5b	HK$3.6b	13.6x	30.5x	0.7x

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 71.5x which is higher than its 3-year average PE of 28.9x.

The 3-year average PS ratio of 1.00x is lower than the industry's current PS ratio of 4.4x.

Past Earnings Growth

The earnings for companies in the Communications Equipment industry have declined 3.9% 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	2.93%
Tech	-4.16%
Communications	-16.87%
Communications Equipment	-16.87%

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
1613 Synertone Communication	HK$0.87	74.0% +HK$198.3m	259.5%	PS9.3x
1063 Suncorp Technologies	HK$0.063	18.9% +HK$15.4m	-37.6%	PE3.2x
947 MOBI Development	HK$0.17	6.5% +HK$8.0m	43.5%	PS0.3x
482 Sandmartin International Holdings	HK$0.63	3.3% +HK$4.9m	n/a	PS0.3x
1085 Hengxin Technology	HK$1.80	0.6% +HK$4.7m	42.9%	PS0.3x

Company

Last Price

Valuation

1613 Synertone Communication

HK$0.87

74.0%
+HK$198.3m

259.5%

PS9.3x

1063 Suncorp Technologies

HK$0.063

18.9%
+HK$15.4m

-37.6%

PE3.2x

947 MOBI Development

HK$0.17

6.5%
+HK$8.0m

43.5%

PS0.3x

482 Sandmartin International Holdings

HK$0.63

3.3%
+HK$4.9m

n/a

PS0.3x

1085 Hengxin Technology

HK$1.80

0.6%
+HK$4.7m

42.9%

PS0.3x

FS.COM Limited Provides Preliminary Unaudited Consolidated Group Earnings Guidance for the Six Months Ended June 30, 2026

FS.COM Limited provided preliminary unaudited consolidated group earnings guidance for the six months ended June 30, 2026. For the period, the group expects revenue to be between RMB 1,749.1 million to RMB 1,777.1 million. Net profit to be between RMB 437.4 million to RMB 464.7 million. The Board considers that the fluctuations in the Group's results are mainly attributable to the following reasons: the continued growth in global demand for development of AI computing clusters and high-speed data centres has contributed to improving market conditions in the enterprise-level high-speed network infrastructure industry. The Group has continuously strengthened its capabilities in network communication hardware and integrated solutions, remained committed to technological iteration of its products and optimisation of its solution architecture, and facilitated the continued increase in the order volume of its core businesses, resulting in steady growth in revenue; there has been a continuous optimisation of the business structure, coupled with strong market demand for high-value-added, high-performance solutions tailored to enterprise data centres and AI high-performance computing scenarios. The revenue growth rate of this segment is expected to be approximately 45.4%, significantly higher than the average growth rate of the Group's overall revenue. In addition, the proportion of revenue from such business segment in the Group's overall revenue has increased year by year, continuously driving the growth of the overall revenue; and the economies of scale at the operational level have been fully realised along with the continuous expansion of the Group's revenue, thereby diluting the fixed costs corresponding to each unit of revenue. The Group's overall cost structure has continued to improve as the benefits of economies of scale have become increasingly evident, thereby further enhancing the Group's profitability.

Hong Kong (HSI) Communications Equipment Industry Analysis

Industry Valuation and Performance

Industry Comparison

Top Stock Gainers and Losers

Latest News

Now 25% undervalued after recent price drop

Now 22% overvalued

Canopy SkyFire Group Limited, Annual General Meeting, Aug 21, 2026

FS.COM Limited Provides Preliminary Unaudited Consolidated Group Earnings Guidance for the Six Months Ended June 30, 2026

New minor risk - Financial data availability

Sandmartin International Holdings Limited Announces Board Changes, Effective July 9, 2026

Investor sentiment deteriorates as stock falls 16%

New major risk - Market cap size

New minor risk - Market cap size

New major risk - Market cap size

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

Xi'an Haitian Antenna Technologies Co., Ltd., Annual General Meeting, Jun 29, 2026

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

MOBI Development Co., Ltd., Annual General Meeting, May 29, 2026

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