Hong Kong (HSI) IT Industry Analysis

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
Sat, 23 May 2026	HK$146.0b	HK$71.0b	HK$1.5b	22.5x	100.1x	2.1x
Mon, 20 Apr 2026	HK$191.7b	HK$70.7b	HK$1.5b	19.8x	131.4x	2.7x
Wed, 18 Mar 2026	HK$127.9b	HK$65.9b	HK$1.8b	17.8x	71.9x	1.9x
Fri, 13 Feb 2026	HK$105.8b	HK$65.7b	HK$1.7b	22.2x	61.4x	1.6x
Sun, 11 Jan 2026	HK$92.4b	HK$64.9b	HK$1.7b	21.6x	53.9x	1.4x
Tue, 09 Dec 2025	HK$76.6b	HK$63.9b	HK$1.9b	20.8x	40.9x	1.2x
Thu, 06 Nov 2025	HK$81.5b	HK$63.5b	HK$1.9b	24x	43.3x	1.3x
Sat, 04 Oct 2025	HK$89.0b	HK$63.5b	HK$1.9b	26.6x	47.3x	1.4x
Mon, 01 Sep 2025	HK$87.3b	HK$63.5b	HK$1.8b	27.3x	47.2x	1.4x
Wed, 30 Jul 2025	HK$85.3b	HK$61.0b	HK$246.7m	25.3x	346x	1.4x
Fri, 27 Jun 2025	HK$84.1b	HK$61.5b	HK$352.3m	15.1x	238.8x	1.4x
Sun, 25 May 2025	HK$85.3b	HK$61.3b	HK$344.7m	13.1x	247.5x	1.4x
Tue, 22 Apr 2025	HK$82.1b	HK$60.1b	HK$359.3m	12.4x	228.4x	1.4x
Thu, 20 Mar 2025	HK$83.6b	HK$60.2b	-HK$983,334,562.30	18.2x	-85x	1.4x
Sat, 15 Feb 2025	HK$77.7b	HK$59.9b	-HK$1,025,915,975.28	15.4x	-75.7x	1.3x
Mon, 13 Jan 2025	HK$58.1b	HK$59.4b	-HK$1,012,865,494.12	11.3x	-57.4x	1x
Wed, 11 Dec 2024	HK$57.2b	HK$59.9b	-HK$1,026,531,617.14	15.4x	-55.8x	1x
Fri, 08 Nov 2024	HK$56.8b	HK$60.8b	-HK$759,962,395.27	16.6x	-74.7x	0.9x
Sun, 06 Oct 2024	HK$56.4b	HK$60.9b	-HK$823,310,389.56	15.4x	-68.6x	0.9x
Tue, 03 Sep 2024	HK$47.1b	HK$60.7b	-HK$678,918,578.60	13.7x	-69.4x	0.8x
Thu, 01 Aug 2024	HK$49.3b	HK$59.9b	-HK$1,289,492,318.71	13x	-38.2x	0.8x
Sat, 29 Jun 2024	HK$51.7b	HK$59.1b	-HK$1,272,556,616.49	13.7x	-40.6x	0.9x
Mon, 27 May 2024	HK$48.0b	HK$58.6b	-HK$1,307,296,251.68	14.4x	-36.7x	0.8x
Wed, 24 Apr 2024	HK$42.5b	HK$58.5b	-HK$1,334,309,692.78	12.9x	-31.9x	0.7x
Fri, 22 Mar 2024	HK$45.4b	HK$58.8b	HK$1.1b	9.7x	39.5x	0.8x
Sun, 18 Feb 2024	HK$44.2b	HK$58.6b	HK$1.2b	10.3x	37x	0.8x
Tue, 16 Jan 2024	HK$49.3b	HK$59.7b	HK$1.1b	10.2x	45.4x	0.8x
Thu, 14 Dec 2023	HK$54.2b	HK$60.2b	HK$1.1b	11.7x	48.9x	0.9x
Sat, 11 Nov 2023	HK$54.7b	HK$59.3b	HK$1.1b	11.4x	48.5x	0.9x
Mon, 09 Oct 2023	HK$55.4b	HK$59.0b	HK$997.6m	9.9x	55.5x	0.9x
Wed, 06 Sep 2023	HK$56.7b	HK$57.2b	HK$900.9m	11.1x	62.9x	1x
Fri, 04 Aug 2023	HK$56.5b	HK$58.0b	HK$2.0b	12.1x	27.7x	1x
Sun, 02 Jul 2023	HK$51.1b	HK$57.7b	HK$2.0b	12.1x	25.2x	0.9x
Tue, 30 May 2023	HK$50.8b	HK$58.6b	HK$2.0b	10x	25x	0.9x

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 100x which is higher than its 3-year average PE of 47.6x.

The 3-year average PS ratio of 1.2x is lower than the industry's current PS ratio of 2.1x.

Past Earnings Growth

The earnings for companies in the IT industry have declined 10% per year over the last three years.
Meanwhile revenues for these companies have grown 6.6% per year.
This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

Which industries have driven the changes within the Hong Kong Tech industry?


HK Market	-1.48%
Tech	3.90%
IT	-15.21%
Data Processing Services	-2.29%
Internet Services and Infrastructure	-6.92%
IT Consulting	-17.00%

Industry PE

Investors are most optimistic about the IT Consulting industry which is trading above its 3-year average PE ratio of 40.9x.

Analysts are expecting annual earnings growth of 73.0%, which is higher than its past year's earnings decline of 1.2% per year.

Forecasted Growth

Analysts are most optimistic on the IT Consulting industry, expecting annual earnings growth of 73% over the next 5 years.
This is better than its past earnings decline of 1.2% per year.

In contrast, the Internet Services and Infrastructure industry is expected to see its earnings grow by 19% 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
2436 LX Technology Group	HK$23.18	11.0% +HK$809.2m	944.1%	PE522.3x
354 Chinasoft International	HK$3.33	4.7% +HK$376.3m	-34.2%	PE22.5x
1782 International Business Digital Technology	HK$3.80	13.1% +HK$352.0m	-7.1%	PS25.2x
1460 ICO Group	HK$0.25	17.1% +HK$31.6m	7.0%	PE12.7x
1204 BoardWare Intelligence Technology	HK$1.55	3.3% +HK$25.0m	30.3%	PE95.2x

Company

Last Price

Valuation

2436 LX Technology Group

HK$23.18

11.0%
+HK$809.2m

944.1%

PE522.3x

354 Chinasoft International

HK$3.33

4.7%
+HK$376.3m

-34.2%

PE22.5x

1782 International Business Digital Technology

HK$3.80

13.1%
+HK$352.0m

-7.1%

PS25.2x

1460 ICO Group

HK$0.25

17.1%
+HK$31.6m

7.0%

PE12.7x

1204 BoardWare Intelligence Technology

HK$1.55

3.3%
+HK$25.0m

30.3%

PE95.2x

SUNeVision Extends SHKP Service Agreement With Shareholder Vote and New Terms Ahead

SUNeVision has renewed its connected-transaction framework with majority shareholder Sun Hung Kai Properties (SHKP) for extra-low-voltage and IT system services and maintenance through June 2029. Because SHKP holds 73.25% of SUNeVision, these related-party transactions fall under Hong Kong listing rules and require disclosure and independent shareholder oversight. SUNeVision plans to seek independent shareholders’ approval by poll for certain transaction categories and will issue a circular with detailed terms and board recommendations by late May 2026. For investors, the renewed framework indicates that SUNeVision is formalizing a long-term arrangement for key technical and maintenance services with its controlling shareholder. The focus on extra-low-voltage and IT systems is closely tied to data center operations, where reliability and consistent service standards are critical. Extending this framework to 2029 provides more visibility on how these services are sourced and governed. The requirement for independent shareholders’ approval and a detailed circular reflects standard protections under Hong Kong listing rules for related-party deals. The upcoming circular and poll will be important documents to review, as they are expected to set out pricing policies, fee caps and the basis on which the independent board committee and its adviser assess the terms. That information can help investors evaluate whether the connected transactions appear fair to minority shareholders and how they could influence SUNeVision’s cost structure over the coming years.

Hong Kong (HSI) IT Industry Analysis

Industry Valuation and Performance

Industry Trends

Top Stock Gainers and Losers

Latest News

Now 21% undervalued

Voicecomm Technology Co., Ltd. has filed a Follow-on Equity Offering in the amount of HKD 101.789994 million.

New minor risk - Market cap size

Dividend of HK$0.036 announced

Do Edensoft Holdings' (HKG:1147) Earnings Warrant Your Attention?

New minor risk - Share price stability

SUNeVision Extends SHKP Service Agreement With Shareholder Vote and New Terms Ahead

New minor risk - Market cap size

Less than half of directors are independent

LX Technology Group Limited, Annual General Meeting, Jun 05, 2026

Cloud Factory Technology Holdings Limited, Annual General Meeting, Jun 23, 2026

Consensus EPS estimates fall by 29%

Full year 2025 earnings: EPS exceeds analyst expectations

Full year 2025 earnings released: CN¥0.076 loss per share (vs CN¥0.099 loss in FY 2024)

ICO Group Limited's (HKG:1460) 28% Dip Still Leaving Some Shareholders Feeling Restless Over Its P/ERatio

First half 2026 earnings released: EPS: HK$0.008 (vs HK$0.045 in 1H 2025)