Narrative Update • Aug 21
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- 7D-2.1%
- 3M-21.2%
- 1Y1.1%
- YTD2.8%
Over the last 7 days, the Electronic Equipment and Components industry has dropped 2.1%, driven by Kingboard Laminates Holdings declining 3.4%. In contrast, Sunny Optical Technology (Group) has gained 5.1%. As for the longer term, the industry's performance has been flat for the past year. As for the next few years, earnings are expected to grow by 24% per annum.
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 |
|---|---|---|---|---|---|---|
| Sun, 23 Aug 2026 | HK$676.3b | HK$924.6b | HK$35.0b | 15.2x | 19.3x | 0.7x |
| Tue, 21 Jul 2026 | HK$691.9b | HK$877.9b | HK$34.0b | 16.7x | 20.3x | 0.8x |
| Thu, 18 Jun 2026 | HK$980.6b | HK$874.5b | HK$35.2b | 18.7x | 27.9x | 1.1x |
| Sat, 16 May 2026 | HK$672.0b | HK$664.8b | HK$31.5b | 17.1x | 21.3x | 1x |
| Mon, 13 Apr 2026 | HK$542.1b | HK$663.5b | HK$31.2b | 11.7x | 17.4x | 0.8x |
| Wed, 11 Mar 2026 | HK$515.5b | HK$626.2b | HK$18.8b | 14.9x | 27.5x | 0.8x |
| Fri, 06 Feb 2026 | HK$459.5b | HK$622.1b | HK$18.3b | 14.2x | 25.1x | 0.7x |
| Sun, 04 Jan 2026 | HK$464.1b | HK$620.1b | HK$18.2b | 12.2x | 25.5x | 0.7x |
| Tue, 02 Dec 2025 | HK$445.9b | HK$613.8b | HK$18.0b | 12.3x | 24.7x | 0.7x |
| Thu, 30 Oct 2025 | HK$493.7b | HK$611.8b | HK$16.9b | 15.4x | 29.2x | 0.8x |
| Sat, 27 Sep 2025 | HK$499.5b | HK$610.5b | HK$17.0b | 13.3x | 29.4x | 0.8x |
| Mon, 25 Aug 2025 | HK$489.3b | HK$605.9b | HK$15.8b | 12.2x | 31x | 0.8x |
| Wed, 23 Jul 2025 | HK$421.4b | HK$593.7b | HK$13.8b | 12.2x | 30.5x | 0.7x |
| Fri, 20 Jun 2025 | HK$373.0b | HK$592.5b | HK$11.0b | 10.3x | 34x | 0.6x |
| Sun, 18 May 2025 | HK$372.8b | HK$588.1b | HK$11.0b | 10.4x | 34x | 0.6x |
| Tue, 15 Apr 2025 | HK$351.4b | HK$583.7b | HK$10.8b | 9.6x | 32.5x | 0.6x |
| Thu, 13 Mar 2025 | HK$432.0b | HK$548.8b | HK$10.1b | 9.4x | 42.8x | 0.8x |
| Sat, 08 Feb 2025 | HK$414.0b | HK$548.9b | HK$9.1b | 8.7x | 45.3x | 0.8x |
| Mon, 06 Jan 2025 | HK$373.4b | HK$547.8b | HK$8.8b | 8.1x | 42.3x | 0.7x |
| Wed, 04 Dec 2024 | HK$370.4b | HK$548.0b | HK$8.8b | 8.5x | 41.9x | 0.7x |
| Fri, 01 Nov 2024 | HK$332.6b | HK$549.8b | HK$8.7b | 9.1x | 38.2x | 0.6x |
| Sun, 29 Sep 2024 | HK$326.1b | HK$552.4b | HK$8.8b | 8.4x | 37x | 0.6x |
| Tue, 27 Aug 2024 | HK$308.8b | HK$547.6b | HK$8.2b | 8.8x | 37.5x | 0.6x |
| Thu, 25 Jul 2024 | HK$311.5b | HK$524.5b | HK$10.9b | 9.9x | 28.5x | 0.6x |
| Sat, 22 Jun 2024 | HK$330.8b | HK$526.0b | HK$11.0b | 11.5x | 30.2x | 0.6x |
| Mon, 20 May 2024 | HK$308.2b | HK$528.0b | HK$10.6b | 10.9x | 29x | 0.6x |
| Wed, 17 Apr 2024 | HK$280.8b | HK$529.4b | HK$11.1b | 9.2x | 25.4x | 0.5x |
| Fri, 15 Mar 2024 | HK$275.4b | HK$528.7b | HK$13.4b | 7.6x | 20.6x | 0.5x |
| Sun, 11 Feb 2024 | HK$252.7b | HK$541.9b | HK$13.3b | 6.6x | 19x | 0.5x |
| Tue, 09 Jan 2024 | HK$280.4b | HK$544.2b | HK$13.3b | 7.4x | 21x | 0.5x |
| Thu, 07 Dec 2023 | HK$271.9b | HK$541.4b | HK$13.6b | 7.7x | 20x | 0.5x |
| Sat, 04 Nov 2023 | HK$274.3b | HK$540.0b | HK$14.0b | 7x | 19.6x | 0.5x |
| Mon, 02 Oct 2023 | HK$259.7b | HK$541.0b | HK$13.9b | 7.4x | 18.7x | 0.5x |
| Wed, 30 Aug 2023 | HK$334.3b | HK$541.9b | HK$13.4b | 7.6x | 24.9x | 0.6x |
Price to Earnings Ratio
24.9x
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 19.3x which is lower than its 3-year average PE of 28.5x.
- 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 38% per year over the last three years.
- Revenues for these companies have grown 19% 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 | 3.64% | |
| Tech | 0.30% | |
| Electronic Equipment and Components | -2.07% | |
| Electronic Components | -1.09% | |
| Electronic Equipment and Instruments | -2.75% | |
| Technology Distributors | -3.06% | |
| Electronic Manufacturing Services | -3.23% | |
Industry PE
- Investors are most optimistic about the Electronic Equipment and Instruments industry even though it's trading below its 3-year average PE ratio of 34.1x.
- Analysts are expecting annual earnings growth of 28.2%, which is higher than its past year's earnings growth of 17.1% per year.
- Investors are most pessimistic about the Technology Distributors industry, which is trading below its 3-year average of 12.7x.
Forecasted Growth
- Analysts are most optimistic on the Electronic Equipment and Instruments industry, expecting annual earnings growth of 28% over the next 5 years.
- This is better than its past earnings growth rate of 17% 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 | |
|---|---|---|---|---|---|
| 2382 Sunny Optical Technology (Group) | HK$61.75 | 5.1% +HK$3.2b | -23.9% | PE12.3x | |
| 1415 Cowell e Holdings | HK$23.32 | 4.2% +HK$799.4m | -26.6% | PE11.8x | |
| 1184 S.A.S. Dragon Holdings | HK$8.78 | 12.1% +HK$591.4m | 71.1% | PE5x | |
| 3752 Roake (Shandong) Robotics Group | HK$67.80 | 3.4% +HK$588.9m | n/a | PS29.2x | |
| 1191 Crealights Technology | HK$103.90 | 4.9% +HK$438.8m | n/a | PS6.5x |