Results: Q Technology (Group) Company Limited Beat Earnings Expectations And Analysts Now Have New Forecasts
Aug 16
Hong Kong (HSI) Electronic Equipment and Components Industry Analysis
UpdatedAug 19, 2024
DataAggregated Company Financials
Companies77
- 7D4.3%
- 3M-9.7%
- 1Y2.7%
- YTD-3.4%
The Electronic Equipment and Components industry is up 4.3% in the last week, with AAC Technologies Holdings up 14%. Despite this gain, the industry's performance has been flat over the past year. 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 |
|---|---|---|---|---|---|---|
| Mon, 19 Aug 2024 | HK$306.8b | HK$529.6b | HK$7.7b | 9.4x | 39.9x | 0.6x |
| Wed, 17 Jul 2024 | HK$333.6b | HK$524.5b | HK$11.0b | 10.6x | 30.5x | 0.6x |
| Fri, 14 Jun 2024 | HK$317.7b | HK$525.9b | HK$11.0b | 11.3x | 29x | 0.6x |
| Sun, 12 May 2024 | HK$302.1b | HK$528.3b | HK$10.6b | 10.5x | 28.4x | 0.6x |
| Tue, 09 Apr 2024 | HK$275.6b | HK$529.3b | HK$11.1b | 8.4x | 24.8x | 0.5x |
| Thu, 07 Mar 2024 | HK$265.3b | HK$540.4b | HK$13.1b | 7x | 20.2x | 0.5x |
| Sat, 03 Feb 2024 | HK$228.0b | HK$545.6b | HK$13.4b | 7.1x | 17x | 0.4x |
| Mon, 01 Jan 2024 | HK$286.8b | HK$545.4b | HK$13.4b | 7.7x | 21.4x | 0.5x |
| Wed, 29 Nov 2023 | HK$290.5b | HK$541.8b | HK$14.0b | 7.8x | 20.8x | 0.5x |
| Fri, 27 Oct 2023 | HK$260.7b | HK$540.4b | HK$13.9b | 7x | 18.8x | 0.5x |
| Sun, 24 Sep 2023 | HK$267.9b | HK$539.1b | HK$13.7b | 8x | 19.5x | 0.5x |
| Tue, 22 Aug 2023 | HK$281.3b | HK$578.4b | HK$18.1b | 7.6x | 15.5x | 0.5x |
| Thu, 20 Jul 2023 | HK$315.0b | HK$583.8b | HK$19.5b | 7.1x | 16.2x | 0.5x |
| Sat, 17 Jun 2023 | HK$323.5b | HK$588.7b | HK$20.2b | 6.3x | 16x | 0.5x |
| Mon, 15 May 2023 | HK$328.3b | HK$601.9b | HK$20.3b | 6.5x | 16.2x | 0.5x |
| Wed, 12 Apr 2023 | HK$353.9b | HK$603.3b | HK$20.4b | 6.7x | 17.4x | 0.6x |
| Fri, 10 Mar 2023 | HK$358.3b | HK$623.4b | HK$31.4b | 6.2x | 11.4x | 0.6x |
| Sun, 05 Feb 2023 | HK$391.4b | HK$626.7b | HK$31.6b | 6.6x | 12.4x | 0.6x |
| Tue, 03 Jan 2023 | HK$339.2b | HK$623.2b | HK$31.4b | 6.1x | 10.8x | 0.5x |
| Thu, 01 Dec 2022 | HK$329.9b | HK$610.2b | HK$31.4b | 6.3x | 10.5x | 0.5x |
| Sat, 29 Oct 2022 | HK$270.9b | HK$610.1b | HK$31.4b | 5.6x | 8.6x | 0.4x |
| Mon, 26 Sep 2022 | HK$305.6b | HK$611.6b | HK$31.5b | 6.5x | 9.7x | 0.5x |
| Wed, 24 Aug 2022 | HK$348.8b | HK$614.8b | HK$37.2b | 6.8x | 9.4x | 0.6x |
| Fri, 22 Jul 2022 | HK$359.6b | HK$618.8b | HK$37.9b | 7.4x | 9.5x | 0.6x |
| Sun, 19 Jun 2022 | HK$364.4b | HK$610.8b | HK$37.7b | 6.9x | 9.7x | 0.6x |
| Tue, 17 May 2022 | HK$349.7b | HK$610.6b | HK$37.7b | 7x | 9.3x | 0.6x |
| Thu, 14 Apr 2022 | HK$372.2b | HK$617.7b | HK$38.7b | 6.8x | 9.6x | 0.6x |
| Sat, 12 Mar 2022 | HK$402.1b | HK$599.4b | HK$34.7b | 6.8x | 11.6x | 0.7x |
| Mon, 07 Feb 2022 | HK$517.7b | HK$601.4b | HK$34.7b | 7.3x | 14.9x | 0.9x |
| Wed, 05 Jan 2022 | HK$582.2b | HK$601.8b | HK$34.7b | 7.9x | 16.8x | 1x |
| Fri, 03 Dec 2021 | HK$555.1b | HK$601.1b | HK$34.6b | 7.8x | 16x | 0.9x |
| Sun, 31 Oct 2021 | HK$522.4b | HK$598.0b | HK$34.6b | 8.5x | 15.1x | 0.9x |
| Tue, 28 Sep 2021 | HK$524.1b | HK$599.2b | HK$34.9b | 8.5x | 15x | 0.9x |
| Thu, 26 Aug 2021 | HK$557.2b | HK$599.2b | HK$34.8b | 9.7x | 16x | 0.9x |
Price to Earnings Ratio
16x
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 39.9x which is higher than its 3-year average PE of 16.3x.
- The industry is trading close to its 3-year average PS ratio of 0.61x.
Past Earnings Growth
- The earnings for companies in the Electronic industry have declined 40% per year over the last three years,
- Revenues have also declined 4.0% 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 | 1.96% | |
| Tech | 2.46% | |
| Electronic Equipment and Components | 4.26% | |
| Electronic Manufacturing Services | 11.68% | |
| Electronic Components | 4.00% | |
| Electronic Equipment and Instruments | 1.65% | |
| Technology Distributors | 1.31% | |
Industry PE
- Investors are most optimistic about the Electronic Equipment and Instruments industry which is trading above its 3-year average PE ratio of 13.9x.
- Analysts are expecting annual earnings growth of 18.1%, which is lower than the prior year's growth of 23.7% 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 48% 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 | |
|---|---|---|---|---|---|
| 2018 AAC Technologies Holdings | HK$29.05 | 14.4% +HK$4.4b | 78.4% | PE43.2x | |
| 2382 Sunny Optical Technology (Group) | HK$45.20 | 5.9% +HK$2.7b | -30.6% | PE41.1x | |
| 1415 Cowell e Holdings | HK$23.45 | 10.4% +HK$1.9b | 71.9% | PE57.9x | |
| 1478 Q Technology (Group) | HK$4.77 | 22.0% +HK$1.0b | 64.5% | PE29.5x | |
| 2038 FIH Mobile | HK$0.82 | 7.9% +HK$473.1m | 6.5% | PS0.1x |
