Analysis Article • Aug 28
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- 7D14.0%
- 3M-15.5%
- 1Y11.0%
- YTD13.8%
In the last week, the Electronic Equipment and Components industry is up 14%, with Kingboard Laminates Holdings leading the way, up 9.7%. Meanwhile, Roake (Shandong) Robotics Group actually underperformed within the industry, shrinking 17% in the last week. This takes the industry's 12 month performance to a gain of 11%. Looking forward, earnings are forecast to grow by 24% annually.
Industry Valuation and Performance
Has the Hong Kong Electronic Equipment and Components Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 01 Sep 2026 | HK$749.9b | HK$947.6b | HK$35.1b | 16.3x | 21.3x | 0.8x |
| Thu, 30 Jul 2026 | HK$637.5b | HK$878.2b | HK$34.1b | 15.5x | 18.7x | 0.7x |
| Sat, 27 Jun 2026 | HK$966.7b | HK$873.5b | HK$35.3b | 17.3x | 27.4x | 1.1x |
| Mon, 25 May 2026 | HK$720.6b | HK$665.3b | HK$31.5b | 17.2x | 22.8x | 1.1x |
| Wed, 22 Apr 2026 | HK$580.2b | HK$663.8b | HK$31.2b | 12.1x | 18.6x | 0.9x |
| Fri, 20 Mar 2026 | HK$515.9b | HK$640.7b | HK$22.8b | 11.5x | 22.6x | 0.8x |
| Sun, 15 Feb 2026 | HK$485.1b | HK$623.2b | HK$18.3b | 14x | 26.5x | 0.8x |
| Tue, 13 Jan 2026 | HK$458.2b | HK$620.8b | HK$18.2b | 12.6x | 25.1x | 0.7x |
| Thu, 11 Dec 2025 | HK$457.3b | HK$613.8b | HK$18.0b | 12x | 25.4x | 0.7x |
| Sat, 08 Nov 2025 | HK$453.2b | HK$611.4b | HK$16.7b | 13.3x | 27.1x | 0.7x |
| Mon, 06 Oct 2025 | HK$529.0b | HK$611.0b | HK$17.0b | 14.4x | 31.1x | 0.9x |
| Wed, 03 Sep 2025 | HK$466.6b | HK$611.3b | HK$17.0b | 11.9x | 27.5x | 0.8x |
| Fri, 01 Aug 2025 | HK$419.9b | HK$593.2b | HK$13.8b | 11.4x | 30.4x | 0.7x |
| Sun, 29 Jun 2025 | HK$391.4b | HK$593.2b | HK$14.0b | 10.7x | 28x | 0.7x |
| Tue, 27 May 2025 | HK$359.0b | HK$589.3b | HK$11.0b | 10.2x | 32.6x | 0.6x |
| Thu, 24 Apr 2025 | HK$356.2b | HK$584.3b | HK$10.9b | 9.9x | 32.8x | 0.6x |
| Sat, 22 Mar 2025 | HK$430.5b | HK$566.1b | HK$11.1b | 9.5x | 38.7x | 0.8x |
| Mon, 17 Feb 2025 | HK$427.2b | HK$549.4b | HK$9.2b | 9.2x | 46.7x | 0.8x |
| Wed, 15 Jan 2025 | HK$363.0b | HK$547.8b | HK$8.8b | 8.1x | 41.1x | 0.7x |
| Fri, 13 Dec 2024 | HK$378.4b | HK$548.1b | HK$8.9b | 8.5x | 42.8x | 0.7x |
| Sun, 10 Nov 2024 | HK$351.4b | HK$549.5b | HK$8.8b | 8.7x | 40x | 0.6x |
| Tue, 08 Oct 2024 | HK$379.3b | HK$553.3b | HK$8.7b | 10.8x | 43.5x | 0.7x |
| Thu, 05 Sep 2024 | HK$295.7b | HK$551.1b | HK$8.8b | 7.9x | 33.8x | 0.5x |
| Sat, 03 Aug 2024 | HK$292.4b | HK$525.5b | HK$11.4b | 9.9x | 25.6x | 0.6x |
| Mon, 01 Jul 2024 | HK$327.6b | HK$524.7b | HK$11.0b | 10.8x | 29.9x | 0.6x |
| Wed, 29 May 2024 | HK$305.8b | HK$526.1b | HK$11.0b | 10.9x | 27.9x | 0.6x |
| Fri, 26 Apr 2024 | HK$273.0b | HK$529.1b | HK$10.5b | 9.3x | 26.1x | 0.5x |
| Sun, 24 Mar 2024 | HK$280.4b | HK$524.8b | HK$12.7b | 8x | 22.1x | 0.5x |
| Tue, 20 Feb 2024 | HK$256.6b | HK$541.2b | HK$13.3b | 7x | 19.4x | 0.5x |
| Thu, 18 Jan 2024 | HK$248.1b | HK$544.0b | HK$13.3b | 7x | 18.6x | 0.5x |
| Sat, 16 Dec 2023 | HK$284.7b | HK$542.3b | HK$13.6b | 7.6x | 20.9x | 0.5x |
| Mon, 13 Nov 2023 | HK$273.3b | HK$539.9b | HK$14.0b | 6.8x | 19.5x | 0.5x |
| Wed, 11 Oct 2023 | HK$249.5b | HK$540.7b | HK$13.9b | 7.4x | 18x | 0.5x |
| Fri, 08 Sep 2023 | HK$286.5b | HK$539.1b | HK$13.7b | 7.9x | 20.9x | 0.5x |
Price to Earnings Ratio
20.9x
Current Industry PE
- Investors are pessimistic on the Hong Kong Electronic 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 21.3x which is lower than its 3-year average PE of 28.4x.
- The industry is trading close to its 3-year average PS ratio of 0.68x.
Past Earnings Growth
- The earnings for companies in the Electronic industry have grown 37% per year over the last three years.
- Revenues for these companies have grown 21% 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 | 1.17% | |
| Tech | 6.85% | |
| Electronic Equipment and Components | 14.01% | |
| Electronic Components | 20.25% | |
| Electronic Manufacturing Services | 12.09% | |
| Electronic Equipment and Instruments | 6.61% | |
| Technology Distributors | 4.38% | |
Industry PE
- Investors are most optimistic about the Electronic Manufacturing Services industry which is trading above its 3-year average PE ratio.
- Analysts are expecting annual earnings growth of 21.5%, which is lower than the prior year's growth of 32.3% per year.
- Investors are most pessimistic about the Technology Distributors industry, which is trading below its 3-year average of 12.4x.
Forecasted Growth
- Analysts are most optimistic on the Electronic Equipment and Instruments industry, expecting annual earnings growth of 29% over the next 5 years.
- This is better than its past earnings growth rate of 14% per year.
- In contrast, the Technology Distributors industry is expected to see its earnings grow by 12% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 1888 Kingboard Laminates Holdings | HK$43.80 | 9.7% +HK$12.2b | 269.9% | PE31.4x | |
| 2382 Sunny Optical Technology (Group) | HK$71.90 | 17.7% +HK$11.7b | -9.6% | PE13.8x | |
| 285 BYD Electronic (International) | HK$26.82 | 16.5% +HK$8.6b | -38.0% | PE23.6x | |
| 3277 Gpixel Changchun Microelectronics | HK$87.60 | 21.9% +HK$7.0b | n/a | PE72.7x | |
| 2018 AAC Technologies Holdings | HK$44.04 | 10.5% +HK$4.9b | 4.5% | PE17.2x |
