Narrative Update • Sep 07
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- 7D0.4%
- 3M-19.0%
- 1Y13.7%
- YTD12.8%
Over the last 7 days, the Electronic Equipment and Components industry has remained flat, although notably Kingboard Laminates Holdings gained 6.1%. As for the the longer term, the industry is up 14% over the past 12 months. Earnings are forecast to grow by 26% 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 |
|---|---|---|---|---|---|---|
| Thu, 10 Sep 2026 | HK$751.5b | HK$956.7b | HK$35.6b | 16x | 21.1x | 0.8x |
| Sat, 08 Aug 2026 | HK$695.4b | HK$879.1b | HK$34.2b | 16.8x | 20.4x | 0.8x |
| Mon, 06 Jul 2026 | HK$898.0b | HK$874.3b | HK$33.7b | 18.9x | 26.6x | 1x |
| Wed, 03 Jun 2026 | HK$836.8b | HK$874.5b | HK$35.2b | 19.3x | 23.8x | 1x |
| Fri, 01 May 2026 | HK$610.7b | HK$664.4b | HK$31.5b | 14.9x | 19.4x | 0.9x |
| Sun, 29 Mar 2026 | HK$506.9b | HK$651.5b | HK$28.8b | 11.5x | 17.6x | 0.8x |
| Tue, 24 Feb 2026 | HK$500.1b | HK$623.2b | HK$18.3b | 15.1x | 27.3x | 0.8x |
| Thu, 22 Jan 2026 | HK$472.6b | HK$621.0b | HK$18.2b | 12.7x | 25.9x | 0.8x |
| Sat, 20 Dec 2025 | HK$445.7b | HK$614.3b | HK$18.1b | 12.5x | 24.7x | 0.7x |
| Mon, 17 Nov 2025 | HK$454.8b | HK$611.7b | HK$16.7b | 15.4x | 27.2x | 0.7x |
| Wed, 15 Oct 2025 | HK$478.3b | HK$610.3b | HK$17.0b | 15.1x | 28.2x | 0.8x |
| Fri, 12 Sep 2025 | HK$485.2b | HK$611.2b | HK$17.0b | 12.5x | 28.6x | 0.8x |
| Sun, 10 Aug 2025 | HK$438.1b | HK$587.9b | HK$14.1b | 11.8x | 31.1x | 0.7x |
| Tue, 08 Jul 2025 | HK$398.9b | HK$593.7b | HK$13.8b | 11.2x | 28.9x | 0.7x |
| Thu, 05 Jun 2025 | HK$359.0b | HK$592.4b | HK$10.9b | 10.1x | 32.8x | 0.6x |
| Sat, 03 May 2025 | HK$366.8b | HK$584.6b | HK$10.8b | 9.9x | 33.9x | 0.6x |
| Mon, 31 Mar 2025 | HK$405.5b | HK$585.4b | HK$8.1b | 9.9x | 50.1x | 0.7x |
| Wed, 26 Feb 2025 | HK$441.6b | HK$549.0b | HK$9.1b | 9.6x | 48.3x | 0.8x |
| Fri, 24 Jan 2025 | HK$382.6b | HK$548.8b | HK$8.8b | 8.3x | 43.3x | 0.7x |
| Sun, 22 Dec 2024 | HK$376.2b | HK$548.2b | HK$8.8b | 8.2x | 42.6x | 0.7x |
| Tue, 19 Nov 2024 | HK$342.5b | HK$548.8b | HK$8.8b | 8.7x | 38.9x | 0.6x |
| Thu, 17 Oct 2024 | HK$328.6b | HK$551.5b | HK$8.7b | 8.9x | 37.8x | 0.6x |
| Sat, 14 Sep 2024 | HK$283.8b | HK$551.6b | HK$8.8b | 7.9x | 32.4x | 0.5x |
| Mon, 12 Aug 2024 | HK$287.8b | HK$519.8b | HK$11.5b | 9.4x | 25.1x | 0.6x |
| Wed, 10 Jul 2024 | HK$328.5b | HK$524.7b | HK$11.0b | 10.1x | 30x | 0.6x |
| Fri, 07 Jun 2024 | HK$314.3b | HK$526.1b | HK$11.0b | 11.5x | 28.7x | 0.6x |
| Sun, 05 May 2024 | HK$291.5b | HK$528.0b | HK$10.6b | 10.6x | 27.4x | 0.6x |
| Tue, 02 Apr 2024 | HK$277.3b | HK$529.2b | HK$11.1b | 8.6x | 25x | 0.5x |
| Thu, 29 Feb 2024 | HK$260.8b | HK$540.5b | HK$13.1b | 7.2x | 19.9x | 0.5x |
| Sat, 27 Jan 2024 | HK$248.2b | HK$544.9b | HK$13.3b | 7.1x | 18.6x | 0.5x |
| Mon, 25 Dec 2023 | HK$277.3b | HK$542.0b | HK$13.6b | 7.6x | 20.4x | 0.5x |
| Wed, 22 Nov 2023 | HK$283.6b | HK$542.2b | HK$14.1b | 6.9x | 20.1x | 0.5x |
| Fri, 20 Oct 2023 | HK$265.0b | HK$540.6b | HK$13.9b | 7.2x | 19.1x | 0.5x |
| Sun, 17 Sep 2023 | HK$315.2b | HK$539.6b | HK$13.8b | 7.8x | 22.9x | 0.6x |
Price to Earnings Ratio
22.9x
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 21.1x 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 | -0.34% | |
| Tech | -3.66% | |
| Electronic Equipment and Components | 0.41% | |
| Electronic Components | 4.39% | |
| Technology Distributors | 2.86% | |
| Electronic Manufacturing Services | -1.12% | |
| Electronic Equipment and Instruments | -6.72% | |
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 20.5%, 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 12.3x.
Forecasted Growth
- Analysts are most optimistic on the Electronic Equipment and Instruments industry, expecting annual earnings growth of 41% 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$48.62 | 4.2% +HK$6.1b | 296.6% | PE34.9x | |
| 1191 Crealights Technology | HK$158.60 | 65.4% +HK$5.6b | n/a | PS9.9x | |
| 400 Ingdan | HK$4.85 | 17.4% +HK$1.2b | 81.6% | PE18.6x | |
| 1710 Trio Industrial Electronics Group | HK$1.98 | 118.8% +HK$1.1b | 915.4% | PS2.8x | |
| 148 Kingboard Holdings | HK$53.40 | 1.7% +HK$997.5m | 91.7% | PE13.1x |
