There's Reason For Concern Over Hengxin Technology Ltd.'s (HKG:1085) Massive 27% Price Jump
May 27
Hong Kong (HSI) Communications Industry Analysis
UpdatedJun 17, 2024
DataAggregated Company Financials
Companies20
- 7D3.5%
- 3M17.0%
- 1Y19.7%
- YTD5.6%
The Communications industry is up 3.5% in the last week, with BYD Electronic (International) up 11%. This takes the industry's 12 month performance to a gain of 20%. Earnings are forecast to grow by 15% 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 |
|---|---|---|---|---|---|---|
| Mon, 17 Jun 2024 | HK$120.9b | HK$186.9b | HK$7.2b | 13.5x | 16.8x | 0.6x |
| Wed, 15 May 2024 | HK$112.9b | HK$188.0b | HK$7.2b | 14x | 15.7x | 0.6x |
| Fri, 12 Apr 2024 | HK$96.6b | HK$189.3b | HK$7.4b | 13.4x | 13.1x | 0.5x |
| Sun, 10 Mar 2024 | HK$102.1b | HK$180.2b | HK$5.2b | 9.2x | 19.8x | 0.6x |
| Tue, 06 Feb 2024 | HK$90.8b | HK$181.6b | HK$5.2b | 9.1x | 17.5x | 0.5x |
| Thu, 04 Jan 2024 | HK$114.2b | HK$181.3b | HK$5.1b | 9.9x | 22.3x | 0.6x |
| Sat, 02 Dec 2023 | HK$112.2b | HK$181.5b | HK$5.1b | 10x | 21.9x | 0.6x |
| Mon, 30 Oct 2023 | HK$118.6b | HK$178.9b | HK$5.0b | 10.3x | 23.6x | 0.7x |
| Wed, 27 Sep 2023 | HK$118.5b | HK$179.1b | HK$5.0b | 10.8x | 23.6x | 0.7x |
| Fri, 25 Aug 2023 | HK$113.4b | HK$166.1b | HK$3.7b | 10.5x | 30.4x | 0.7x |
| Sun, 23 Jul 2023 | HK$103.4b | HK$167.3b | HK$3.6b | 13.2x | 28.5x | 0.6x |
| Tue, 20 Jun 2023 | HK$101.2b | HK$167.8b | HK$3.6b | 16.6x | 28.4x | 0.6x |
| Thu, 18 May 2023 | HK$96.3b | HK$172.8b | HK$3.9b | 13.4x | 24.9x | 0.6x |
| Sat, 15 Apr 2023 | HK$102.1b | HK$176.0b | HK$3.9b | 13.3x | 26.1x | 0.6x |
| Mon, 13 Mar 2023 | HK$95.3b | HK$154.5b | HK$2.8b | 10.9x | 33.6x | 0.6x |
| Wed, 08 Feb 2023 | HK$108.9b | HK$155.7b | HK$2.7b | 11.5x | 40.2x | 0.7x |
| Fri, 06 Jan 2023 | HK$102.6b | HK$153.5b | HK$2.7b | 11x | 38.6x | 0.7x |
| Sun, 04 Dec 2022 | HK$103.7b | HK$150.4b | HK$2.6b | 11.3x | 40x | 0.7x |
| Tue, 01 Nov 2022 | HK$98.6b | HK$147.2b | HK$2.5b | 11.4x | 39.4x | 0.7x |
| Thu, 29 Sep 2022 | HK$95.8b | HK$146.9b | HK$2.2b | 15.7x | 42.8x | 0.7x |
| Sat, 27 Aug 2022 | HK$98.3b | HK$151.8b | HK$3.6b | 13.3x | 26.9x | 0.6x |
| Mon, 25 Jul 2022 | HK$94.6b | HK$153.0b | HK$3.7b | 10.4x | 25.4x | 0.6x |
| Wed, 22 Jun 2022 | HK$96.0b | HK$154.2b | HK$3.8b | 11.1x | 25.2x | 0.6x |
| Fri, 20 May 2022 | HK$80.5b | HK$153.1b | HK$3.8b | 10x | 21.3x | 0.5x |
| Sun, 17 Apr 2022 | HK$80.4b | HK$159.1b | HK$4.0b | 11.9x | 19.9x | 0.5x |
| Tue, 15 Mar 2022 | HK$85.1b | HK$154.9b | HK$7.4b | 13.5x | 11.5x | 0.5x |
| Thu, 10 Feb 2022 | HK$108.1b | HK$153.7b | HK$7.3b | 16.3x | 14.8x | 0.7x |
| Sat, 08 Jan 2022 | HK$114.9b | HK$153.5b | HK$7.3b | 17.1x | 15.7x | 0.7x |
| Mon, 06 Dec 2021 | HK$122.4b | HK$153.5b | HK$7.3b | 17.2x | 16.7x | 0.8x |
| Wed, 03 Nov 2021 | HK$109.8b | HK$153.0b | HK$7.7b | n/a | 14.3x | 0.7x |
| Fri, 01 Oct 2021 | HK$114.0b | HK$151.6b | HK$7.7b | 13x | 14.8x | 0.8x |
| Sun, 29 Aug 2021 | HK$132.9b | HK$160.2b | HK$7.3b | 14x | 18.3x | 0.8x |
| Mon, 05 Jul 2021 | HK$170.8b | HK$160.2b | HK$7.3b | 13.7x | 23.5x | 1.1x |
Price to Earnings Ratio
23.5x
Current Industry PE
- Investors are pessimistic on the Hong Kong Communications industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 16.8x which is lower than its 3-year average PE of 24.5x.
- The industry is trading close to its 3-year average PS ratio of 0.66x.
Past Earnings Growth
- The earnings for companies in the Communications industry have remained mostly flat over the last three years.
- Meanwhile revenues for these companies have grown 5.3% 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 industry?
| HK Market | -1.82% | |
| Tech | 0.0014% | |
| Communications | 3.54% | |
| Communications Equipment | 3.54% | |
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$39.55 | 11.3% +HK$9.0b | 61.8% | PE20.5x | |
| 303 Vtech Holdings | HK$57.10 | 3.3% +HK$454.6m | 15.7% | PE11.1x | |
| 261 GBA Holdings | HK$0.49 | 36.1% +HK$126.1m | 214.1% | PS6.1x | |
| 8227 Xi'an Haitian Antenna Technologies | HK$0.35 | 14.8% +HK$85.4m | -2.8% | PS47.1x | |
| 2000 SIM Technology Group | HK$0.38 | 8.6% +HK$64.3m | 40.7% | PE2.4x |
