Analysis Article • May 08
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- 7D3.9%
- 3M34.2%
- 1Y103.7%
- YTD44.0%
Over the last 7 days, the Electronic Equipment and Components industry has risen 3.9%, driven by gains in Sunny Optical Technology (Group) and Kingboard Laminates Holdings of 14% and 6.8%, respectively. Meanwhile, Gpixel Changchun Microelectronics actually underperformed within the industry, shrinking 5.6% in the last week. This takes the industry's 12 month performance to a gain of 104%. As for the next few years, earnings are expected to grow by 21% 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, 31 May 2026 | HK$777.2b | HK$666.8b | HK$31.1b | 18.2x | 25x | 1.2x |
| Tue, 28 Apr 2026 | HK$631.3b | HK$664.9b | HK$31.5b | 15.1x | 20x | 0.9x |
| Thu, 26 Mar 2026 | HK$521.7b | HK$646.2b | HK$23.3b | 10.7x | 22.3x | 0.8x |
| Sat, 21 Feb 2026 | HK$487.7b | HK$623.1b | HK$18.3b | 14.1x | 26.6x | 0.8x |
| Mon, 19 Jan 2026 | HK$470.3b | HK$620.9b | HK$18.2b | 12.4x | 25.8x | 0.8x |
| Wed, 17 Dec 2025 | HK$445.8b | HK$614.2b | HK$18.1b | 12.2x | 24.7x | 0.7x |
| Fri, 14 Nov 2025 | HK$461.7b | HK$611.7b | HK$16.7b | 15.4x | 27.6x | 0.8x |
| Sun, 12 Oct 2025 | HK$504.8b | HK$610.7b | HK$17.0b | 14.9x | 29.7x | 0.8x |
| Tue, 09 Sep 2025 | HK$468.4b | HK$611.2b | HK$17.0b | 12.1x | 27.6x | 0.8x |
| Thu, 07 Aug 2025 | HK$434.1b | HK$586.6b | HK$13.8b | 11.4x | 31.5x | 0.7x |
| Sat, 05 Jul 2025 | HK$400.4b | HK$593.9b | HK$13.8b | 11x | 29x | 0.7x |
| Mon, 02 Jun 2025 | HK$356.1b | HK$591.9b | HK$10.9b | 9.9x | 32.6x | 0.6x |
| Wed, 30 Apr 2025 | HK$358.1b | HK$584.6b | HK$10.9b | 9.9x | 32.9x | 0.6x |
| Fri, 28 Mar 2025 | HK$413.1b | HK$580.8b | HK$8.1b | 9.4x | 50.7x | 0.7x |
| Sun, 23 Feb 2025 | HK$453.0b | HK$549.1b | HK$9.1b | 9.6x | 49.5x | 0.8x |
| Tue, 21 Jan 2025 | HK$376.7b | HK$548.1b | HK$8.8b | 8.3x | 42.7x | 0.7x |
| Thu, 19 Dec 2024 | HK$374.2b | HK$548.3b | HK$8.8b | 8.3x | 42.4x | 0.7x |
| Sat, 16 Nov 2024 | HK$340.4b | HK$548.8b | HK$8.8b | 8.7x | 38.6x | 0.6x |
| Mon, 14 Oct 2024 | HK$349.9b | HK$552.4b | HK$8.7b | 9.3x | 40.2x | 0.6x |
| Wed, 11 Sep 2024 | HK$284.5b | HK$551.0b | HK$8.8b | 7.6x | 32.5x | 0.5x |
| Fri, 09 Aug 2024 | HK$285.9b | HK$525.6b | HK$11.3b | 9.1x | 25.3x | 0.5x |
| Sun, 07 Jul 2024 | HK$319.4b | HK$524.8b | HK$11.0b | 10.4x | 29.1x | 0.6x |
| Tue, 04 Jun 2024 | HK$308.7b | HK$526.3b | HK$11.0b | 11.3x | 28.2x | 0.6x |
| Thu, 02 May 2024 | HK$284.2b | HK$528.2b | HK$10.6b | 9.9x | 26.7x | 0.5x |
| Sat, 30 Mar 2024 | HK$276.0b | HK$529.1b | HK$11.2b | 8.5x | 24.6x | 0.5x |
| Mon, 26 Feb 2024 | HK$260.7b | HK$541.3b | HK$13.3b | 7.4x | 19.7x | 0.5x |
| Wed, 24 Jan 2024 | HK$244.3b | HK$544.4b | HK$13.3b | 6.8x | 18.3x | 0.4x |
| Fri, 22 Dec 2023 | HK$278.9b | HK$541.7b | HK$13.6b | 7.7x | 20.5x | 0.5x |
| Sun, 19 Nov 2023 | HK$287.4b | HK$541.0b | HK$14.0b | 6.8x | 20.5x | 0.5x |
| Tue, 17 Oct 2023 | HK$263.3b | HK$540.7b | HK$13.9b | 7.3x | 19x | 0.5x |
| Thu, 14 Sep 2023 | HK$309.2b | HK$539.7b | HK$13.8b | 7.8x | 22.5x | 0.6x |
| Sat, 12 Aug 2023 | HK$292.0b | HK$581.6b | HK$18.3b | 7x | 15.9x | 0.5x |
| Mon, 10 Jul 2023 | HK$310.7b | HK$584.4b | HK$19.5b | 7x | 15.9x | 0.5x |
| Wed, 07 Jun 2023 | HK$306.7b | HK$589.1b | HK$20.2b | 6.6x | 15.2x | 0.5x |
Price to Earnings Ratio
15.2x
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 25.0x which is lower than its 3-year average PE of 27.9x.
- The 3-year average PS ratio of 0.65x is lower than the industry's current PS ratio of 1.2x.
Past Earnings Growth
- The earnings for companies in the Electronic industry have grown 15% per year over the last three years.
- Revenues for these companies have grown 4.2% 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 | -1.58% | |
| Tech | 3.63% | |
| Electronic Equipment and Components | 3.94% | |
| Electronic Components | 7.52% | |
| Electronic Manufacturing Services | 4.93% | |
| Technology Distributors | 2.11% | |
| Electronic Equipment and Instruments | -4.02% | |
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 15.7%, which is lower than the prior year's growth of 39.8% per year.
- Investors are most pessimistic about the Technology Distributors industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 12.4x.
Forecasted Growth
- Analysts are most optimistic on the Electronic Components industry, expecting annual earnings growth of 24% over the next 5 years.
- However this is lower than its past earnings growth rate of 65% per year.
- In contrast, the Electronic Equipment and Instruments industry is expected to see its earnings grow by 14% 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$83.80 | 14.4% +HK$11.3b | 38.7% | PE16.8x | |
| 1888 Kingboard Laminates Holdings | HK$54.60 | 6.8% +HK$11.0b | 522.6% | PE70.1x | |
| 148 Kingboard Holdings | HK$65.75 | 12.8% +HK$8.3b | 194.8% | PE16.6x | |
| 2018 AAC Technologies Holdings | HK$45.50 | 5.0% +HK$2.5b | 24.8% | PE18.2x | |
| 117 Tianli Holdings Group | HK$6.03 | 69.4% +HK$1.8b | 2,312.0% | PE29.1x |