Narrative Update • Jul 02
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- 7D-12.6%
- 3M44.6%
- 1Y70.9%
- YTD39.9%
Over the last 7 days, the Electronic Equipment and Components industry has dropped 13%, driven by Kingboard Laminates Holdings declining 20%. Meanwhile, Ingdan actually outperformed within the industry, gaining 17% in the last week. This takes the industry's 12 month performance to a gain of 71%. 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 |
|---|---|---|---|---|---|---|
| Fri, 03 Jul 2026 | HK$888.3b | HK$873.8b | HK$33.7b | 19.2x | 26.3x | 1x |
| Sun, 31 May 2026 | HK$777.2b | HK$667.0b | 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 |
Price to Earnings Ratio
15.9x
Current Industry PE
- Investors are relatively neutral on the Hong Kong Electronic industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 28.2x.
- The 3-year average PS ratio of 0.66x 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 20% per year over the last three years.
- Revenues for these companies have grown 14% 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 | -1.89% | |
| Tech | -9.07% | |
| Electronic Equipment and Components | -12.59% | |
| Technology Distributors | 2.03% | |
| Electronic Equipment and Instruments | -2.32% | |
| Electronic Manufacturing Services | -8.78% | |
| Electronic Components | -16.84% | |
Industry PE
- Investors are most optimistic about the Electronic Components industry which is trading above its 3-year average PE ratio of 27.9x.
- Analysts are expecting annual earnings growth of 26.4%, which is higher than its past year's earnings growth of 1.5% per year.
- Investors are most pessimistic about the Technology Distributors industry, which is trading close to its 3-year average of 12.6x.
Forecasted Growth
- Analysts are most optimistic on the Electronic Components industry, expecting annual earnings growth of 26% over the next 5 years.
- This is better than its past earnings growth rate of 1.5% per year.
- In contrast, the Electronic Manufacturing Services 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 | |
|---|---|---|---|---|---|
| 400 Ingdan | HK$5.17 | 17.0% +HK$1.2b | 197.1% | PE33.8x | |
| 2498 Robosense Technology | HK$23.88 | 11.3% +HK$1.1b | -22.1% | PS4.7x | |
| 117 Tianli Holdings Group | HK$5.00 | 33.0% +HK$923.5m | 747.5% | PE24.2x | |
| 894 Man Yue Technology Holdings | HK$5.68 | 36.9% +HK$733.4m | 1,338.0% | PE435.6x | |
| 1473 Pangaea Connectivity Technology | HK$1.48 | 15.6% +HK$234.4m | 861.0% | PE41.7x |
