China ITS (Holdings) (HKG:1900) Is Looking To Continue Growing Its Returns On Capital
Feb 13
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Hong Kong (HSI) IT Industry Analysis
UpdatedFeb 17, 2026
DataAggregated Company Financials
Companies36
- 7D4.9%
- 3M5.9%
- 1Y-13.8%
- YTD16.8%
The IT industry is up 9.8% in the last week, with Shenzhen Xunce Technology up 17%. In the past year, the industry is down 12%. Earnings are forecast to grow by 59% 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 |
|---|---|---|---|---|---|---|
| Tue, 17 Feb 2026 | HK$105.4b | HK$65.6b | HK$1.7b | 22.3x | 61.1x | 1.6x |
| Thu, 15 Jan 2026 | HK$100.7b | HK$65.0b | HK$1.7b | 22.8x | 58.8x | 1.6x |
| Sat, 13 Dec 2025 | HK$76.3b | HK$63.7b | HK$1.8b | 21.1x | 42.8x | 1.2x |
| Mon, 10 Nov 2025 | HK$81.0b | HK$63.5b | HK$1.9b | 23.9x | 43.1x | 1.3x |
| Wed, 08 Oct 2025 | HK$88.8b | HK$63.6b | HK$1.9b | 26.2x | 47.2x | 1.4x |
| Fri, 05 Sep 2025 | HK$80.0b | HK$63.5b | HK$1.9b | 24.1x | 42.9x | 1.3x |
| Sun, 03 Aug 2025 | HK$82.5b | HK$60.8b | HK$250.1m | 24.7x | 330.1x | 1.4x |
| Tue, 01 Jul 2025 | HK$82.5b | HK$60.9b | HK$312.5m | 14.7x | 263.9x | 1.4x |
| Thu, 29 May 2025 | HK$81.9b | HK$61.2b | HK$345.4m | 13x | 237.2x | 1.3x |
| Sat, 26 Apr 2025 | HK$80.5b | HK$60.1b | HK$360.2m | 12.7x | 223.5x | 1.3x |
| Mon, 24 Mar 2025 | HK$79.4b | HK$60.1b | -HK$979,715,969.55 | 17.5x | -81x | 1.3x |
| Wed, 19 Feb 2025 | HK$82.3b | HK$59.7b | -HK$1,020,716,252.25 | 16.1x | -80.6x | 1.4x |
| Fri, 17 Jan 2025 | HK$57.5b | HK$59.5b | -HK$1,011,462,069.77 | 14.5x | -56.9x | 1x |
| Sun, 15 Dec 2024 | HK$57.1b | HK$59.8b | -HK$1,021,603,720.96 | 15.2x | -55.9x | 1x |
| Tue, 12 Nov 2024 | HK$57.8b | HK$60.6b | -HK$751,442,244.25 | 17x | -76.9x | 1x |
| Thu, 10 Oct 2024 | HK$56.1b | HK$61.5b | -HK$782,323,962.95 | 16.6x | -71.8x | 0.9x |
| Sat, 07 Sep 2024 | HK$46.4b | HK$60.9b | -HK$686,737,404.45 | 13.7x | -67.6x | 0.8x |
| Mon, 05 Aug 2024 | HK$48.3b | HK$60.3b | -HK$1,308,201,294.23 | 13x | -37x | 0.8x |
| Wed, 03 Jul 2024 | HK$46.4b | HK$59.2b | -HK$1,253,290,231.39 | 13x | -37x | 0.8x |
| Fri, 31 May 2024 | HK$46.9b | HK$58.7b | -HK$1,311,806,526.79 | 13.7x | -35.8x | 0.8x |
| Sun, 28 Apr 2024 | HK$44.1b | HK$58.4b | -HK$1,331,919,942.12 | 13.2x | -33.1x | 0.8x |
| Tue, 26 Mar 2024 | HK$43.6b | HK$58.9b | HK$937.1m | 8.9x | 46.6x | 0.7x |
| Thu, 22 Feb 2024 | HK$45.0b | HK$58.6b | HK$1.2b | 10x | 37.6x | 0.8x |
| Sat, 20 Jan 2024 | HK$48.1b | HK$60.1b | HK$1.1b | 10.4x | 44.2x | 0.8x |
| Mon, 18 Dec 2023 | HK$55.7b | HK$60.5b | HK$1.1b | 11.9x | 50.2x | 0.9x |
| Wed, 15 Nov 2023 | HK$56.4b | HK$59.2b | HK$1.1b | 12.5x | 50.4x | 1x |
| Fri, 13 Oct 2023 | HK$57.7b | HK$59.2b | HK$1.0b | 11.4x | 54.9x | 1x |
| Sun, 10 Sep 2023 | HK$56.9b | HK$56.9b | HK$901.8m | 11x | 63.1x | 1x |
| Tue, 08 Aug 2023 | HK$54.9b | HK$57.9b | HK$2.0b | 12.1x | 27x | 0.9x |
| Thu, 06 Jul 2023 | HK$51.8b | HK$57.7b | HK$2.0b | 12.1x | 25.5x | 0.9x |
| Sat, 03 Jun 2023 | HK$52.8b | HK$58.7b | HK$2.0b | 10.2x | 26.1x | 0.9x |
| Mon, 01 May 2023 | HK$51.8b | HK$57.6b | HK$1.9b | 10.2x | 26.9x | 0.9x |
| Wed, 29 Mar 2023 | HK$55.9b | HK$60.8b | HK$3.0b | 11.7x | 18.7x | 0.9x |
| Fri, 24 Feb 2023 | HK$121.2b | HK$74.6b | HK$4.9b | 12.5x | 24.5x | 1.6x |
Price to Earnings Ratio
24.5x
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 60.1x which is higher than its 3-year average PE of 41.7x.
- 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 4.2% 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 | -0.26% | |
| Tech | 3.42% | |
| IT | 4.91% | |
| IT Consulting | 5.88% | |
| Data Processing Services | 3.48% | |
| Internet Services and Infrastructure | 2.67% | |
Industry PE
- Investors are most optimistic about the IT Consulting industry which is trading above its 3-year average PE ratio of 25.9x.
- Analysts are expecting annual earnings growth of 86.4%, 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 86% 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 | |
|---|---|---|---|---|---|
| 3317 Shenzhen Xunce Technology | HK$70.85 | 17.0% +HK$3.3b | n/a | PS36.9x | |
| 2477 WellCell Holdings | HK$11.68 | 8.7% +HK$930.0m | -6.4% | PE602.4x | |
| 1686 SUNeVision Holdings | HK$6.80 | 3.2% +HK$857.1m | -5.7% | PE28.3x | |
| 861 Digital China Holdings | HK$2.73 | 6.2% +HK$267.8m | -22.2% | PS0.2x | |
| 3680 Ruihe Data Technology Holdings | HK$1.84 | 15.0% +HK$215.8m | 87.8% | PE345.8x |
