Does This Valuation Of Kingboard Laminates Holdings Limited (HKG:1888) Imply Investors Are Overpaying?
Sep 14
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Hong Kong (HSI) Electronic Equipment and Components Industry Analysis
UpdatedSep 15, 2025
DataAggregated Company Financials
Companies78
- 7D4.6%
- 3M28.0%
- 1Y80.1%
- YTD32.2%
In the last week, the Electronic Equipment and Components industry is up 4.6%, with FIT Hon Teng up 15%. Meanwhile, Sinohope Technology Holdings actually underperformed within the industry, shrinking 9.9% in the last week. In the last 12 months, the industry was up 80%. As for the next few years, earnings are expected to grow by 22% 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 |
|---|---|---|---|---|---|---|
| Mon, 15 Sep 2025 | HK$481.6b | HK$610.8b | HK$17.0b | 12.5x | 28.4x | 0.8x |
| Wed, 13 Aug 2025 | HK$454.1b | HK$589.2b | HK$14.2b | 12.6x | 31.9x | 0.8x |
| Fri, 11 Jul 2025 | HK$415.9b | HK$593.7b | HK$13.8b | 11x | 30.1x | 0.7x |
| Sun, 08 Jun 2025 | HK$369.7b | HK$592.4b | HK$10.9b | 10.3x | 33.8x | 0.6x |
| Tue, 06 May 2025 | HK$366.2b | HK$584.6b | HK$10.8b | 9.9x | 33.9x | 0.6x |
| Thu, 03 Apr 2025 | HK$408.9b | HK$585.6b | HK$10.9b | 10.1x | 37.5x | 0.7x |
| Sat, 01 Mar 2025 | HK$421.9b | HK$548.2b | HK$9.4b | 9.2x | 45x | 0.8x |
| Mon, 27 Jan 2025 | HK$396.8b | HK$549.6b | HK$8.9b | 8.5x | 44.8x | 0.7x |
| Wed, 25 Dec 2024 | HK$374.0b | HK$547.9b | HK$8.8b | 8.5x | 42.4x | 0.7x |
| Fri, 22 Nov 2024 | HK$351.3b | HK$548.5b | HK$8.8b | 9x | 39.9x | 0.6x |
| Sun, 20 Oct 2024 | HK$341.4b | HK$551.7b | HK$8.7b | 9.2x | 39.3x | 0.6x |
| Tue, 17 Sep 2024 | HK$282.4b | HK$551.4b | HK$8.8b | 7.8x | 32.2x | 0.5x |
| Thu, 15 Aug 2024 | HK$290.6b | HK$527.0b | HK$11.9b | 9.1x | 24.4x | 0.6x |
| Sat, 13 Jul 2024 | HK$335.1b | HK$524.9b | HK$11.0b | 10.5x | 30.6x | 0.6x |
| Mon, 10 Jun 2024 | HK$311.5b | HK$526.1b | HK$11.0b | 11x | 28.4x | 0.6x |
| Wed, 08 May 2024 | HK$301.5b | HK$528.6b | HK$10.7b | 10.4x | 28.3x | 0.6x |
| Fri, 05 Apr 2024 | HK$276.7b | HK$529.2b | HK$11.1b | 8.6x | 24.9x | 0.5x |
| Sun, 03 Mar 2024 | HK$266.4b | HK$540.6b | HK$13.1b | 7.1x | 20.3x | 0.5x |
| Tue, 30 Jan 2024 | HK$249.5b | HK$543.9b | HK$13.3b | 7.4x | 18.7x | 0.5x |
| Thu, 28 Dec 2023 | HK$277.9b | HK$541.6b | HK$13.6b | 7.6x | 20.4x | 0.5x |
| Sat, 25 Nov 2023 | HK$279.9b | HK$541.7b | HK$14.0b | 6.9x | 20x | 0.5x |
| Mon, 23 Oct 2023 | HK$263.9b | HK$540.5b | HK$13.9b | 7.2x | 19x | 0.5x |
| Wed, 20 Sep 2023 | HK$313.3b | HK$539.1b | HK$13.7b | 7.9x | 22.8x | 0.6x |
| Fri, 18 Aug 2023 | HK$285.9b | HK$579.4b | HK$18.2b | 7.6x | 15.7x | 0.5x |
| Sun, 16 Jul 2023 | HK$317.6b | HK$585.4b | HK$19.6b | 7.2x | 16.2x | 0.5x |
| Tue, 13 Jun 2023 | HK$314.7b | HK$588.5b | HK$20.2b | 6.3x | 15.6x | 0.5x |
| Thu, 11 May 2023 | HK$332.1b | HK$602.5b | HK$20.3b | 6.7x | 16.3x | 0.6x |
| Sat, 08 Apr 2023 | HK$350.6b | HK$603.7b | HK$20.5b | 6.7x | 17.1x | 0.6x |
| Mon, 06 Mar 2023 | HK$368.3b | HK$624.4b | HK$31.4b | 6.4x | 11.7x | 0.6x |
| Wed, 01 Feb 2023 | HK$379.2b | HK$626.8b | HK$31.6b | 6.5x | 12x | 0.6x |
| Fri, 30 Dec 2022 | HK$333.4b | HK$621.8b | HK$31.3b | 6x | 10.7x | 0.5x |
| Sun, 27 Nov 2022 | HK$316.8b | HK$610.2b | HK$31.4b | 6.4x | 10.1x | 0.5x |
| Tue, 25 Oct 2022 | HK$288.8b | HK$609.9b | HK$31.4b | 5.6x | 9.2x | 0.5x |
| Thu, 22 Sep 2022 | HK$317.2b | HK$612.8b | HK$31.6b | 6.5x | 10x | 0.5x |
Price to Earnings Ratio
10x
Current Industry PE
- Investors are optimistic on the Hong Kong Electronic industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 28.4x which is higher than its 3-year average PE of 24.9x.
- The industry is trading close to its 3-year average PS ratio of 0.58x.
Past Earnings Growth
- The earnings for companies in the Electronic industry have declined 19% per year over the last three years.
- Meanwhile revenues have remained mostly flat.
- This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Hong Kong Tech industry?
| HK Market | 2.63% | |
| Tech | 3.98% | |
| Electronic Equipment and Components | 4.57% | |
| Electronic Manufacturing Services | 4.81% | |
| Electronic Components | 4.79% | |
| Electronic Equipment and Instruments | 4.52% | |
| Technology Distributors | 2.64% | |
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 15.2%, which is lower than the prior year's growth of 20.5% 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 11.0x.
Forecasted Growth
- Analysts are most optimistic on the Electronic Equipment and Instruments industry, expecting annual earnings growth of 32% over the next 5 years.
- This is better than its past earnings decline of 1.0% per year.
- In contrast, the Technology Distributors industry is expected to see its earnings grow by 15% 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 | |
|---|---|---|---|---|---|
| 6088 FIT Hon Teng | HK$4.59 | 15.3% +HK$4.3b | 145.5% | PE27.4x | |
| 1415 Cowell e Holdings | HK$36.28 | 6.8% +HK$2.0b | 76.5% | PE23.7x | |
| 1050 Karrie International Holdings | HK$2.20 | 57.1% +HK$1.6b | 223.5% | PE21.7x | |
| 1888 Kingboard Laminates Holdings | HK$11.90 | 2.9% +HK$1.0b | 103.4% | PE24.2x | |
| 3969 China Railway Signal & Communication | HK$3.48 | 2.7% +HK$953.1m | 31.8% | PE9.6x |
