Analysis Article • Apr 28
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- 7D-1.1%
- 3M26.7%
- 1Y75.6%
- YTD32.1%
Over the last 7 days, the Electronic Equipment and Components industry has dropped 1.1%, driven by a pullback from Shanghai Xizhi Technology of 23%. Meanwhile, Gpixel Changchun Microelectronics actually outperformed within the industry, gaining 26% in the last week. In the past year, the industry has gained 76%. 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 |
|---|---|---|---|---|---|---|
| Wed, 20 May 2026 | HK$676.6b | HK$665.3b | HK$31.3b | 16.6x | 21.7x | 1x |
| Fri, 17 Apr 2026 | HK$563.7b | HK$663.5b | HK$31.2b | 11.8x | 18.1x | 0.8x |
| Sun, 15 Mar 2026 | HK$511.3b | HK$628.2b | HK$18.8b | 14.7x | 27.2x | 0.8x |
| Tue, 10 Feb 2026 | HK$470.6b | HK$622.7b | HK$18.3b | 14.4x | 25.7x | 0.8x |
| Thu, 08 Jan 2026 | HK$461.4b | HK$619.6b | HK$18.2b | 12.4x | 25.4x | 0.7x |
| Sat, 06 Dec 2025 | HK$451.0b | HK$613.7b | HK$18.0b | 12x | 25x | 0.7x |
| Mon, 03 Nov 2025 | HK$475.7b | HK$611.2b | HK$16.7b | 14x | 28.5x | 0.8x |
| Wed, 01 Oct 2025 | HK$518.5b | HK$610.9b | HK$17.0b | 14.2x | 30.5x | 0.8x |
| Fri, 29 Aug 2025 | HK$489.0b | HK$608.3b | HK$17.3b | 12.2x | 28.2x | 0.8x |
| Sun, 27 Jul 2025 | HK$428.6b | HK$593.8b | HK$13.8b | 12.1x | 31x | 0.7x |
| Tue, 24 Jun 2025 | HK$378.4b | HK$592.5b | HK$11.0b | 10.4x | 34.5x | 0.6x |
| Thu, 22 May 2025 | HK$369.3b | HK$588.7b | HK$11.0b | 10.1x | 33.6x | 0.6x |
| Sat, 19 Apr 2025 | HK$338.0b | HK$584.2b | HK$10.8b | 9.6x | 31.2x | 0.6x |
| Mon, 17 Mar 2025 | HK$429.3b | HK$548.9b | HK$10.0b | 9.8x | 43.1x | 0.8x |
| Wed, 12 Feb 2025 | HK$412.5b | HK$548.7b | HK$9.1b | 8.6x | 45.1x | 0.8x |
| Fri, 10 Jan 2025 | HK$361.3b | HK$547.6b | HK$8.8b | 8.1x | 41x | 0.7x |
| Sun, 08 Dec 2024 | HK$371.8b | HK$548.2b | HK$8.9b | 8.6x | 42x | 0.7x |
| Tue, 05 Nov 2024 | HK$329.5b | HK$551.2b | HK$8.8b | 8.7x | 37.3x | 0.6x |
| Thu, 03 Oct 2024 | HK$343.2b | HK$553.6b | HK$8.7b | 9.1x | 39.3x | 0.6x |
| Sat, 31 Aug 2024 | HK$304.6b | HK$551.3b | HK$8.7b | 8.2x | 35.2x | 0.6x |
| Mon, 29 Jul 2024 | HK$301.2b | HK$524.2b | HK$11.4b | 9.9x | 26.5x | 0.6x |
| Wed, 26 Jun 2024 | HK$319.2b | HK$525.0b | HK$11.0b | 11.7x | 29x | 0.6x |
| Fri, 24 May 2024 | HK$304.1b | HK$527.8b | HK$10.6b | 10.5x | 28.6x | 0.6x |
| Sun, 21 Apr 2024 | HK$271.8b | HK$529.4b | HK$11.1b | 9.3x | 24.6x | 0.5x |
| Tue, 19 Mar 2024 | HK$289.2b | HK$529.3b | HK$13.5b | 7.5x | 21.4x | 0.5x |
| Thu, 15 Feb 2024 | HK$251.4b | HK$541.4b | HK$13.3b | 6.6x | 18.9x | 0.5x |
| Sat, 13 Jan 2024 | HK$265.3b | HK$544.5b | HK$13.3b | 7.6x | 19.9x | 0.5x |
| Mon, 11 Dec 2023 | HK$272.2b | HK$541.3b | HK$13.6b | 7.5x | 20x | 0.5x |
| Wed, 08 Nov 2023 | HK$281.0b | HK$540.4b | HK$14.0b | 6.9x | 20.1x | 0.5x |
| Fri, 06 Oct 2023 | HK$259.7b | HK$541.0b | HK$13.9b | 7.3x | 18.7x | 0.5x |
| Sun, 03 Sep 2023 | HK$298.4b | HK$540.5b | HK$13.8b | 7.9x | 21.6x | 0.6x |
| Tue, 01 Aug 2023 | HK$307.6b | HK$584.8b | HK$19.6b | 7x | 15.7x | 0.5x |
| Thu, 29 Jun 2023 | HK$310.2b | HK$586.0b | HK$20.2b | 6.5x | 15.3x | 0.5x |
| Sat, 27 May 2023 | HK$316.0b | HK$599.6b | HK$20.1b | 6.3x | 15.7x | 0.5x |
Price to Earnings Ratio
15.7x
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 21.7x which is lower than its 3-year average PE of 27.8x.
- The 3-year average PS ratio of 0.64x is lower than the industry's current PS ratio of 1.0x.
Past Earnings Growth
- The earnings for companies in the Electronic industry have grown 16% per year over the last three years.
- Revenues for these companies have grown 3.5% 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 | -2.46% | |
| Tech | -5.72% | |
| Electronic Equipment and Components | -1.13% | |
| Electronic Manufacturing Services | 2.88% | |
| Electronic Equipment and Instruments | 0.80% | |
| Technology Distributors | -1.66% | |
| Electronic Components | -2.78% | |
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 12.3x.
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 | |
|---|---|---|---|---|---|
| 3277 Gpixel Changchun Microelectronics | HK$94.20 | 26.3% +HK$8.5b | n/a | PE121.3x | |
| 117 Tianli Holdings Group | HK$1.90 | 108.8% +HK$737.3m | 645.1% | PE9.2x | |
| 710 BOE Varitronix | HK$4.66 | 8.9% +HK$300.8m | -21.0% | PE10.7x | |
| 894 Man Yue Technology Holdings | HK$1.40 | 44.3% +HK$206.1m | 259.0% | PE107.4x | |
| 1473 Pangaea Connectivity Technology | HK$0.63 | 23.5% +HK$140.6m | 306.5% | PE23.5x |