Why We're Not Concerned About Chinasoft International Limited's (HKG:354) Share Price
Feb 01
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Hong Kong (HSI) IT Industry Analysis
UpdatedFeb 01, 2026
DataAggregated Company Financials
Companies36
- 7D-0.05%
- 3M1.9%
- 1Y21.7%
- YTD12.7%
Last week, the IT industry hasn't moved much but SUNeVision Holdings is up 7.9% in that time. The past year has been better, since the industry has gained 22% in that time. Earnings are forecast to grow by 31% 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 |
|---|---|---|---|---|---|---|
| Sun, 01 Feb 2026 | HK$101.5b | HK$65.2b | HK$1.7b | 23.7x | 59.1x | 1.6x |
| Tue, 30 Dec 2025 | HK$88.8b | HK$64.6b | HK$1.7b | 19.1x | 51.9x | 1.4x |
| Thu, 27 Nov 2025 | HK$79.1b | HK$63.8b | HK$1.9b | 20.9x | 41.9x | 1.2x |
| Sat, 25 Oct 2025 | HK$83.9b | HK$63.5b | HK$1.9b | 25.2x | 44.6x | 1.3x |
| Mon, 22 Sep 2025 | HK$87.4b | HK$63.5b | HK$1.9b | 26.2x | 46.9x | 1.4x |
| Wed, 20 Aug 2025 | HK$88.5b | HK$60.7b | HK$252.4m | 25.2x | 350.6x | 1.5x |
| Fri, 18 Jul 2025 | HK$86.5b | HK$61.0b | HK$249.4m | 25.5x | 346.9x | 1.4x |
| Sun, 15 Jun 2025 | HK$85.6b | HK$61.4b | HK$343.0m | 14.2x | 249.6x | 1.4x |
| Tue, 13 May 2025 | HK$89.3b | HK$60.8b | HK$352.7m | 13.2x | 253.2x | 1.5x |
| Thu, 10 Apr 2025 | HK$80.9b | HK$59.7b | HK$362.4m | 13x | 223.2x | 1.4x |
| Sat, 08 Mar 2025 | HK$86.2b | HK$60.2b | -HK$978,411,632.46 | 18.1x | -88.1x | 1.4x |
| Mon, 03 Feb 2025 | HK$57.6b | HK$60.0b | -HK$1,030,638,745.28 | 14x | -55.9x | 1x |
| Wed, 01 Jan 2025 | HK$57.3b | HK$59.5b | -HK$1,013,243,313.00 | 14.8x | -56.6x | 1x |
| Fri, 29 Nov 2024 | HK$55.6b | HK$60.4b | -HK$752,809,076.75 | 18.3x | -73.9x | 0.9x |
| Sun, 27 Oct 2024 | HK$54.9b | HK$61.1b | -HK$768,932,337.03 | 17.6x | -71.4x | 0.9x |
| Tue, 24 Sep 2024 | HK$49.0b | HK$61.1b | -HK$806,826,228.18 | 14.2x | -60.7x | 0.8x |
| Thu, 22 Aug 2024 | HK$48.3b | HK$59.8b | -HK$1,385,747,014.32 | 13.9x | -34.9x | 0.8x |
| Sat, 20 Jul 2024 | HK$49.2b | HK$59.6b | -HK$1,280,166,480.82 | 13.3x | -38.4x | 0.8x |
| Mon, 17 Jun 2024 | HK$49.5b | HK$59.3b | -HK$1,288,452,704.62 | 15.2x | -38.4x | 0.8x |
| Wed, 15 May 2024 | HK$48.3b | HK$58.4b | -HK$1,331,551,513.51 | 14.5x | -36.2x | 0.8x |
| Fri, 12 Apr 2024 | HK$44.6b | HK$58.5b | -HK$1,329,823,190.78 | 13.4x | -33.5x | 0.8x |
| Sun, 10 Mar 2024 | HK$44.6b | HK$58.9b | HK$1.2b | 9.5x | 38.5x | 0.8x |
| Tue, 06 Feb 2024 | HK$41.9b | HK$59.1b | HK$1.2b | 10.3x | 35.1x | 0.7x |
| Thu, 04 Jan 2024 | HK$51.4b | HK$59.8b | HK$1.1b | 10.7x | 47.3x | 0.9x |
| Sat, 02 Dec 2023 | HK$57.1b | HK$60.4b | HK$1.1b | 12.8x | 51.5x | 0.9x |
| Mon, 30 Oct 2023 | HK$54.3b | HK$59.1b | HK$1.1b | 11.2x | 49.7x | 0.9x |
| Wed, 27 Sep 2023 | HK$56.2b | HK$58.9b | HK$997.6m | 12.1x | 56.4x | 1x |
| Fri, 25 Aug 2023 | HK$53.7b | HK$56.1b | HK$2.0b | 11.4x | 27x | 1x |
| Sun, 23 Jul 2023 | HK$50.7b | HK$58.0b | HK$2.0b | 12.3x | 24.9x | 0.9x |
| Tue, 20 Jun 2023 | HK$54.5b | HK$58.0b | HK$2.0b | 10x | 27.2x | 0.9x |
| Thu, 18 May 2023 | HK$51.5b | HK$57.2b | HK$1.9b | 7.7x | 26.5x | 0.9x |
| Sat, 15 Apr 2023 | HK$53.5b | HK$57.8b | HK$1.9b | 10x | 27.6x | 0.9x |
| Mon, 13 Mar 2023 | HK$114.8b | HK$74.7b | HK$4.9b | 11.1x | 23.2x | 1.5x |
| Wed, 08 Feb 2023 | HK$125.7b | HK$75.1b | HK$5.0b | 11.9x | 25.4x | 1.7x |
Price to Earnings Ratio
25.4x
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 59.1x which is higher than its 3-year average PE of 41.2x.
- 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 | 2.21% | |
| Tech | -0.92% | |
| IT | -0.048% | |
| Internet Services and Infrastructure | 6.22% | |
| IT Consulting | -2.56% | |
| Data Processing Services | -3.52% | |
Industry PE
- Investors are most optimistic about the IT Consulting industry which is trading above its 3-year average PE ratio of 24.9x.
- Analysts are expecting annual earnings growth of 48.8%, 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 49% 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% | PE263x | |
| 2477 WellCell Holdings | HK$11.90 | 2.6% +HK$300.0m | 103.8% | PE617.9x | |
| 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 |
