Should You Think About Buying AAC Technologies Holdings Inc. (HKG:2018) Now?
Jun 24
Hong Kong (HSI) Electronic Equipment and Components Industry Analysis
UpdatedJun 24, 2024
DataAggregated Company Financials
Companies78
- 7D1.3%
- 3M20.2%
- 1Y5.2%
- YTD10.2%
In the last week, the Electronic Equipment and Components industry is up 1.3%, with FIT Hon Teng up 20%. In the same time, Robosense Technology was down 19%. In the last 12 months, the industry was up 5.2%. Earnings are forecast to grow by 23% 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 |
|---|---|---|---|---|---|---|
| Mon, 24 Jun 2024 | HK$330.8b | HK$526.1b | HK$10.6b | 11.5x | 31.1x | 0.6x |
| Wed, 22 May 2024 | HK$309.1b | HK$527.8b | HK$10.6b | 10.8x | 29.1x | 0.6x |
| Fri, 19 Apr 2024 | HK$276.7b | HK$529.4b | HK$11.1b | 9.3x | 25x | 0.5x |
| Sun, 17 Mar 2024 | HK$278.8b | HK$529.4b | HK$13.5b | 7.4x | 20.6x | 0.5x |
| Tue, 13 Feb 2024 | HK$252.7b | HK$541.2b | HK$13.3b | 6.7x | 19.1x | 0.5x |
| Thu, 11 Jan 2024 | HK$261.6b | HK$544.4b | HK$13.3b | 7.4x | 19.6x | 0.5x |
| Sat, 09 Dec 2023 | HK$272.4b | HK$541.5b | HK$13.6b | 7.5x | 20x | 0.5x |
| Mon, 06 Nov 2023 | HK$274.4b | HK$540.1b | HK$14.0b | 7x | 19.6x | 0.5x |
| Wed, 04 Oct 2023 | HK$259.7b | HK$541.1b | HK$13.9b | 7.2x | 18.7x | 0.5x |
| Fri, 01 Sep 2023 | HK$297.2b | HK$541.6b | HK$13.4b | 8x | 22.2x | 0.5x |
| Sun, 30 Jul 2023 | HK$305.7b | HK$584.7b | HK$19.6b | 7.1x | 15.6x | 0.5x |
| Tue, 27 Jun 2023 | HK$299.8b | HK$586.2b | HK$20.3b | 6.5x | 14.8x | 0.5x |
| Thu, 25 May 2023 | HK$319.7b | HK$599.7b | HK$20.1b | 6.3x | 15.9x | 0.5x |
| Sat, 22 Apr 2023 | HK$346.9b | HK$603.0b | HK$20.4b | 6.8x | 17x | 0.6x |
| Mon, 20 Mar 2023 | HK$355.9b | HK$640.9b | HK$30.6b | 6x | 11.6x | 0.6x |
| Wed, 15 Feb 2023 | HK$374.8b | HK$626.1b | HK$31.6b | 6.5x | 11.9x | 0.6x |
| Fri, 13 Jan 2023 | HK$353.6b | HK$626.0b | HK$31.6b | 6.4x | 11.2x | 0.6x |
| Sun, 11 Dec 2022 | HK$355.3b | HK$612.9b | HK$31.5b | 6.3x | 11.3x | 0.6x |
| Tue, 08 Nov 2022 | HK$312.9b | HK$611.6b | HK$31.4b | 5.7x | 10x | 0.5x |
| Thu, 06 Oct 2022 | HK$299.4b | HK$611.9b | HK$31.6b | 6.4x | 9.5x | 0.5x |
| Sat, 03 Sep 2022 | HK$343.9b | HK$614.7b | HK$31.8b | 6.5x | 10.8x | 0.6x |
| Mon, 01 Aug 2022 | HK$349.0b | HK$619.2b | HK$37.9b | 7.1x | 9.2x | 0.6x |
| Wed, 29 Jun 2022 | HK$399.7b | HK$611.5b | HK$37.6b | 7.2x | 10.6x | 0.7x |
| Fri, 27 May 2022 | HK$365.2b | HK$613.1b | HK$37.9b | 6.8x | 9.6x | 0.6x |
| Sun, 24 Apr 2022 | HK$370.7b | HK$615.2b | HK$38.5b | 6.8x | 9.6x | 0.6x |
| Tue, 22 Mar 2022 | HK$413.7b | HK$606.8b | HK$40.3b | 7x | 10.3x | 0.7x |
| Thu, 17 Feb 2022 | HK$505.6b | HK$602.3b | HK$34.8b | 7.4x | 14.5x | 0.8x |
| Sat, 15 Jan 2022 | HK$549.9b | HK$601.4b | HK$34.7b | 7.6x | 15.8x | 0.9x |
| Mon, 13 Dec 2021 | HK$573.7b | HK$601.4b | HK$34.6b | 7.8x | 16.6x | 1x |
| Wed, 10 Nov 2021 | HK$512.8b | HK$598.3b | HK$34.7b | 8.1x | 14.8x | 0.9x |
| Fri, 08 Oct 2021 | HK$521.3b | HK$599.7b | HK$34.9b | 8.5x | 14.9x | 0.9x |
| Sun, 05 Sep 2021 | HK$587.9b | HK$599.2b | HK$34.8b | 9.6x | 16.9x | 1x |
| Tue, 03 Aug 2021 | HK$580.6b | HK$599.2b | HK$34.8b | 9.2x | 16.7x | 1x |
Price to Earnings Ratio
18.1x
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 31.1x which is higher than its 3-year average PE of 15.7x.
- The industry is trading close to its 3-year average PS ratio of 0.63x.
Past Earnings Growth
- The earnings for companies in the Electronic industry have declined 33% per year over the last three years,
- Revenues have also declined 4.2% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Trends
Which industries have driven the changes within the Hong Kong Tech industry?
| HK Market | 0.61% | |
| Tech | 2.51% | |
| Electronic Equipment and Components | 1.32% | |
| Electronic Components | 3.46% | |
| Electronic Manufacturing Services | 2.70% | |
| Technology Distributors | -0.26% | |
| Electronic Equipment and Instruments | -2.84% | |
Industry PE
- Investors are most optimistic about the Electronic Components industry which is trading above its 3-year average PE ratio of 15.6x.
- Analysts are expecting annual earnings growth of 29.7%, which is higher than its past year's earnings decline of 44.1% per year.
Forecasted Growth
- Analysts are most optimistic on the Electronic Components industry, expecting annual earnings growth of 30% over the next 5 years.
- This is better than its past earnings decline of 44% per year.
- In contrast, the Technology Distributors industry is expected to see its earnings grow by 11% 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$3.40 | 14.9% +HK$3.1b | 153.7% | PE23.9x | |
| 2018 AAC Technologies Holdings | HK$32.30 | 2.2% +HK$839.0m | 84.2% | PE48.6x | |
| 2382 Sunny Optical Technology (Group) | HK$49.25 | 1.1% +HK$598.6m | -32.6% | PE45.4x | |
| 1888 Kingboard Laminates Holdings | HK$8.75 | 1.0% +HK$280.8m | 23.1% | PE30.1x | |
| 732 Truly International Holdings | HK$0.96 | 6.7% +HK$189.7m | 12.9% | PE11.5x |
