Header cover image

Hong Kong (HSI) IT Industry Analysis

UpdatedJun 07, 2023
DataAggregated Company Financials
Companies32
  • 7D1.3%
  • 3M-3.2%
  • 1Y-24.8%
  • YTD-8.5%

Over the last 7 days, the IT industry has risen 1.3%, driven by gains from SUNeVision Holdings of 3.5%. In the same time, Edianyun was down 13%. In the past year, the industry is down 25%. Looking forward, earnings are forecast to grow by 16% annually.

Industry Valuation and Performance

Has the Hong Kong IT Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 07 Jun 2023HK$52.3bHK$58.4bHK$2.0b10.2x26x0.9x
Fri, 05 May 2023HK$51.8bHK$57.6bHK$1.9b10x26.9x0.9x
Sun, 02 Apr 2023HK$52.8bHK$57.8bHK$1.9b13.4x28.1x0.9x
Tue, 28 Feb 2023HK$120.1bHK$74.3bHK$4.9b12.1x24.4x1.6x
Thu, 26 Jan 2023HK$126.8bHK$75.1bHK$5.0b11.4x25.6x1.7x
Sat, 24 Dec 2022HK$119.9bHK$73.8bHK$4.9b11.4x24.6x1.6x
Mon, 21 Nov 2022HK$110.9bHK$72.9bHK$4.8b11.2x23.2x1.5x
Wed, 19 Oct 2022HK$104.1bHK$73.0bHK$4.7b11.6x22x1.4x
Fri, 16 Sep 2022HK$108.2bHK$74.1bHK$4.8b12.4x22.4x1.5x
Sun, 14 Aug 2022HK$118.8bHK$74.0bHK$4.8b12x24.7x1.6x
Tue, 12 Jul 2022HK$124.4bHK$73.9bHK$7.5b11.6x16.5x1.7x
Thu, 09 Jun 2022HK$120.1bHK$74.0bHK$7.6b11.4x15.9x1.6x
Sat, 07 May 2022HK$112.0bHK$74.3bHK$7.5b11.7x14.8x1.5x
Mon, 04 Apr 2022HK$117.2bHK$76.0bHK$7.7b12x15.3x1.5x
Wed, 02 Mar 2022HK$131.7bHK$73.6bHK$8.4b12x15.8x1.8x
Fri, 28 Jan 2022HK$132.5bHK$73.3bHK$8.3b12.5x16x1.8x
Sun, 26 Dec 2021HK$136.8bHK$73.1bHK$8.3b12.9x16.6x1.9x
Tue, 23 Nov 2021HK$146.4bHK$72.4bHK$8.3b11.8x17.6x2x
Thu, 21 Oct 2021HK$157.2bHK$72.2bHK$8.3b11.6x18.9x2.2x
Sat, 18 Sep 2021HK$153.6bHK$71.8bHK$8.2b12.1x18.8x2.1x
Mon, 16 Aug 2021HK$160.8bHK$72.1bHK$8.1b11.1x19.8x2.2x
Mon, 31 May 2021HK$165.1bHK$69.0bHK$6.1b14.6x27.1x2.4x
Thu, 04 Mar 2021HK$185.7bHK$66.5bHK$4.1b15.5x45.2x2.8x
Sun, 06 Dec 2020HK$148.3bHK$64.7bHK$3.8b13x38.9x2.3x
Wed, 09 Sep 2020HK$133.8bHK$62.9bHK$3.8b11.7x35.3x2.1x
Price to Earnings Ratio

28.2x


Total Market Cap: HK$107.0bTotal Earnings: HK$3.8bTotal Revenue: HK$62.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Hong Kong IT Industry Price to Earnings3Y Average 25x202120222023
Current Industry PE
  • Investors are relatively neutral on the Hong Kong IT 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 25.0x.
  • The 3-year average PS ratio of 1.9x is higher than the industry's current PS ratio of 0.90x.
Past Earnings Growth
  • The earnings for companies in the IT industry have declined 19% per year over the last three years,
  • Revenues have also declined 2.5% 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 Market1.46%
Tech0.70%
IT1.34%
Data Processing Services5.89%
Internet Services and Infrastructure3.33%
IT Consulting0.26%
Industry PE
  • Investors are most optimistic about the Data Processing Services industry which is trading above its 3-year average PE ratio of 27.4x.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
  • Investors are most pessimistic about the Internet Services and Infrastructure industry, which is trading below its 3-year average of 35.5x.
Forecasted Growth
  • Analysts are most optimistic on the IT Consulting industry, expecting annual earnings growth of 20% over the next 5 years.
  • This is better than its past earnings decline of 16% per year.
  • In contrast, the Internet Services and Infrastructure industry is expected to see its earnings grow by 12% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
1686 SUNeVision HoldingsHK$4.333.1%
+HK$527.7m
-30.2%PE20.2x
354 Chinasoft InternationalHK$4.811.5%
+HK$170.4m
-35.0%PE15.6x
9600 Newlink TechnologyHK$1.769.3%
+HK$118.0m
-29.3%PE71.9x
1204 BoardWare Intelligence TechnologyHK$3.004.9%
+HK$70.0m
n/aPE461.3x
1782 Vixtel Technologies HoldingsHK$4.101.5%
+HK$45.7m
412.5%PS27.3x
Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.

Latest News

1949

HK$0.17

Platt Nera International

7D

-23.9%

1Y

-43.5%

2416

HK$10.80

Edianyun

7D

-12.9%

1Y

n/a

354

HK$4.81

Chinasoft International

7D

1.5%

1Y

-35.0%

8279

HK$0.23

AGTech Holdings

7D

-6.0%

1Y

-28.0%

8229

HK$0.95

Future Data Group

7D

6.7%

1Y

490.1%

9600

HK$1.76

Newlink Technology

7D

9.3%

1Y

-29.3%

1782

HK$4.10

Vixtel Technologies Holdings

7D

1.5%

1Y

412.5%

3680

HK$0.78

Suoxinda Holdings

7D

4.0%

1Y

-52.1%

1094

HK$0.76

Cherish Sunshine International

7D

-7.3%

1Y

-38.7%