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Hong Kong (HSI) IT Industry Analysis
UpdatedJan 30, 2026
DataAggregated Company Financials
Companies36
- 7D2.2%
- 3M3.7%
- 1Y23.8%
- YTD16.6%
Over the last 7 days, the IT industry has risen 2.2%, driven by gains from SUNeVision Holdings of 7.9%. During this same period, the Shenzhen Xunce Technology underperformed, falling 6.4%. This means that the industry has gained 24% over the past year. Looking forward, earnings are forecast to grow by 30% annually.
Industry Valuation and Performance
Has the Hong Kong IT Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 30 Jan 2026 | HK$105.0b | HK$65.2b | HK$1.7b | 24x | 61.2x | 1.6x |
| Sun, 28 Dec 2025 | HK$73.1b | HK$63.9b | HK$1.8b | 19.7x | 40.9x | 1.1x |
| Tue, 25 Nov 2025 | HK$77.4b | HK$63.6b | HK$1.9b | 19.9x | 41x | 1.2x |
| Thu, 23 Oct 2025 | HK$82.6b | HK$63.4b | HK$1.9b | 24.3x | 43.9x | 1.3x |
| Sat, 20 Sep 2025 | HK$87.4b | HK$63.5b | HK$1.9b | 26.2x | 46.9x | 1.4x |
| Mon, 18 Aug 2025 | HK$87.0b | HK$60.8b | HK$250.4m | 27x | 347.6x | 1.4x |
| Wed, 16 Jul 2025 | HK$81.8b | HK$61.0b | HK$248.5m | 22.9x | 329.2x | 1.3x |
| Fri, 13 Jun 2025 | HK$86.5b | HK$61.4b | HK$342.7m | 14.1x | 252.4x | 1.4x |
| Sun, 11 May 2025 | HK$84.5b | HK$60.6b | HK$355.0m | 12.8x | 238x | 1.4x |
| Tue, 08 Apr 2025 | HK$80.1b | HK$60.0b | HK$358.5m | 13x | 223.4x | 1.3x |
| Thu, 06 Mar 2025 | HK$85.6b | HK$60.0b | -HK$971,939,996.99 | 17.1x | -88.1x | 1.4x |
| Sat, 01 Feb 2025 | HK$57.6b | HK$60.1b | -HK$1,031,399,438.96 | 14x | -55.8x | 1x |
| Mon, 30 Dec 2024 | HK$57.0b | HK$59.5b | -HK$1,013,340,321.94 | 15.2x | -56.3x | 1x |
| Wed, 27 Nov 2024 | HK$56.0b | HK$60.6b | -HK$754,756,357.80 | 18.6x | -74.2x | 0.9x |
| Fri, 25 Oct 2024 | HK$54.1b | HK$61.1b | -HK$770,277,917.24 | 17.1x | -70.3x | 0.9x |
| Sun, 22 Sep 2024 | HK$49.0b | HK$61.1b | -HK$806,826,228.18 | 14.2x | -60.7x | 0.8x |
| Tue, 20 Aug 2024 | HK$48.8b | HK$59.8b | -HK$1,386,387,579.32 | 13.9x | -35.2x | 0.8x |
| Thu, 18 Jul 2024 | HK$49.8b | HK$59.6b | -HK$1,283,408,119.51 | 13.7x | -38.8x | 0.8x |
| Sat, 15 Jun 2024 | HK$49.5b | HK$59.3b | -HK$1,287,552,668.49 | 15.2x | -38.4x | 0.8x |
| Mon, 13 May 2024 | HK$46.9b | HK$58.5b | -HK$1,335,142,303.38 | 14.3x | -35.2x | 0.8x |
| Wed, 10 Apr 2024 | HK$44.6b | HK$58.5b | -HK$1,330,333,247.02 | 13.9x | -33.5x | 0.8x |
| Fri, 08 Mar 2024 | HK$44.9b | HK$58.8b | HK$1.2b | 9.4x | 38.8x | 0.8x |
| Sun, 04 Feb 2024 | HK$42.5b | HK$59.6b | HK$1.1b | 10.6x | 39.2x | 0.7x |
| Tue, 02 Jan 2024 | HK$55.3b | HK$60.8b | HK$1.1b | 11.2x | 49.9x | 0.9x |
| Thu, 30 Nov 2023 | HK$58.0b | HK$60.2b | HK$1.1b | 13.4x | 53x | 1x |
| Sat, 28 Oct 2023 | HK$54.3b | HK$59.1b | HK$1.1b | 11.2x | 49.7x | 0.9x |
| Mon, 25 Sep 2023 | HK$58.6b | HK$59.0b | HK$1.0b | 10.6x | 58.5x | 1x |
| Wed, 23 Aug 2023 | HK$51.8b | HK$55.9b | HK$1.9b | 11.6x | 27.1x | 0.9x |
| Fri, 21 Jul 2023 | HK$51.2b | HK$58.1b | HK$2.0b | 12.4x | 25.1x | 0.9x |
| Sun, 18 Jun 2023 | HK$55.1b | HK$58.3b | HK$2.0b | 10x | 27.4x | 0.9x |
| Tue, 16 May 2023 | HK$51.8b | HK$57.4b | HK$1.9b | 7.6x | 26.6x | 0.9x |
| Thu, 13 Apr 2023 | HK$53.4b | HK$57.7b | HK$1.9b | 12.6x | 27.9x | 0.9x |
| Sat, 11 Mar 2023 | HK$114.8b | HK$74.5b | HK$4.9b | 11.1x | 23.3x | 1.5x |
| Mon, 06 Feb 2023 | HK$127.7b | HK$75.2b | HK$5.0b | 11.9x | 25.7x | 1.7x |
Price to Earnings Ratio
25.7x
Current Industry PE
- Investors are optimistic on the Hong Kong IT industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 61.2x which is higher than its 3-year average PE of 41.1x.
- The 3-year average PS ratio of 1.1x is lower than the industry's current PS ratio of 1.6x.
Past Earnings Growth
- The earnings for companies in the IT industry have declined 30% per year over the last three years,
- Revenues have also declined 4.6% 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 | 4.52% | |
| Tech | 2.20% | |
| IT | 2.19% | |
| Internet Services and Infrastructure | 6.00% | |
| IT Consulting | 0.62% | |
| Data Processing Services | -3.85% | |
Industry PE
- Investors are most optimistic about the IT Consulting industry which is trading above its 3-year average PE ratio of 24.7x.
- Analysts are expecting annual earnings growth of 48.4%, which is higher than its past year's earnings decline of 11.4% per year.
Forecasted Growth
- Analysts are most optimistic on the IT Consulting industry, expecting annual earnings growth of 48% over the next 5 years.
- This is better than its past earnings decline of 11% per year.
- In contrast, the Internet Services and Infrastructure industry is expected to see its earnings grow by 17% 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 | |
|---|---|---|---|---|---|
| 1686 SUNeVision Holdings | HK$6.70 | 7.9% +HK$2.0b | 78.7% | PE27.9x | |
| 3680 Ruihe Data Technology Holdings | HK$1.58 | 73.6% +HK$529.9m | 50.5% | PE263.1x | |
| 2477 WellCell Holdings | HK$11.90 | 2.6% +HK$300.0m | 103.8% | PE618.1x | |
| 2436 LX Technology Group | HK$14.00 | 2.5% +HK$120.1m | 288.9% | PS1.7x | |
| 862 Vision Values Holdings | HK$0.083 | 45.6% +HK$102.0m | 207.4% | PS0.8x |
