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Hong Kong (HSI) IT Industry Analysis

UpdatedMar 19, 2024
DataAggregated Company Financials
Companies33
  • 7D-0.9%
  • 3M-9.8%
  • 1Y-17.8%
  • YTD-10.2%

In the last week, the IT industry is up 2.0%, with Digital China Holdings up 5.9%. In the past year, the industry is down 20%. As for the next few years, earnings are expected to grow by 23% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 19 Mar 2024HK$46.1bHK$58.8bHK$1.2b10x39.8x0.8x
Thu, 15 Feb 2024HK$43.3bHK$58.6bHK$1.2b10.6x36.2x0.7x
Sat, 13 Jan 2024HK$49.0bHK$59.8bHK$1.1b10.1x45.1x0.8x
Mon, 11 Dec 2023HK$54.0bHK$60.2bHK$1.1b12x48.7x0.9x
Wed, 08 Nov 2023HK$56.1bHK$59.3bHK$1.1b11.2x51.5x0.9x
Fri, 06 Oct 2023HK$55.9bHK$59.0bHK$997.7m11.6x56x0.9x
Sun, 03 Sep 2023HK$56.4bHK$57.5bHK$899.8m11.5x62.7x1x
Tue, 01 Aug 2023HK$56.8bHK$58.2bHK$2.0b11.9x27.8x1x
Thu, 29 Jun 2023HK$52.0bHK$57.5bHK$2.0b10.2x26.1x0.9x
Sat, 27 May 2023HK$50.5bHK$58.7bHK$2.0b9.9x24.8x0.9x
Mon, 24 Apr 2023HK$52.8bHK$57.6bHK$1.9b11.2x27.3x0.9x
Wed, 22 Mar 2023HK$54.2bHK$60.9bHK$3.0b11.6x18.3x0.9x
Fri, 17 Feb 2023HK$125.3bHK$74.7bHK$4.9b11.1x25.4x1.7x
Sun, 15 Jan 2023HK$127.9bHK$75.4bHK$5.0b11.1x25.7x1.7x
Tue, 13 Dec 2022HK$118.5bHK$73.7bHK$4.9b11.3x24.3x1.6x
Thu, 10 Nov 2022HK$106.1bHK$72.9bHK$4.7b12.1x22.6x1.5x
Sat, 08 Oct 2022HK$103.3bHK$73.4bHK$4.8b11.1x21.7x1.4x
Mon, 05 Sep 2022HK$112.4bHK$74.4bHK$4.8b12.6x23.2x1.5x
Wed, 03 Aug 2022HK$113.5bHK$74.1bHK$7.5b11.3x15.1x1.5x
Fri, 01 Jul 2022HK$129.8bHK$73.9bHK$7.5b11.7x17.3x1.8x
Sun, 29 May 2022HK$114.2bHK$73.8bHK$7.5b11.3x15.1x1.5x
Tue, 26 Apr 2022HK$111.3bHK$75.2bHK$7.6b12.3x14.6x1.5x
Thu, 24 Mar 2022HK$121.9bHK$73.4bHK$8.2b11x14.8x1.7x
Sat, 19 Feb 2022HK$135.1bHK$73.3bHK$8.3b12.7x16.3x1.8x
Mon, 17 Jan 2022HK$136.7bHK$73.1bHK$8.3b12.7x16.5x1.9x
Wed, 15 Dec 2021HK$143.4bHK$73.1bHK$8.3b12.2x17.4x2x
Fri, 12 Nov 2021HK$148.4bHK$72.2bHK$8.3b12.1x17.8x2.1x
Sun, 10 Oct 2021HK$148.0bHK$71.9bHK$8.3b11.6x17.9x2.1x
Tue, 07 Sep 2021HK$159.8bHK$71.7bHK$8.2b12.4x19.5x2.2x
Thu, 05 Aug 2021HK$155.8bHK$72.1bHK$8.1b12x19.2x2.2x
Sun, 09 May 2021HK$170.6bHK$69.0bHK$6.1b16.2x28x2.5x
Price to Earnings Ratio

27.2x


Total Market Cap: HK$165.8bTotal Earnings: HK$6.1bTotal Revenue: HK$69.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Hong Kong IT Industry Price to Earnings3Y Average 26.6x202220232024
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 39.2x which is higher than its 3-year average PE of 26.6x.
  • The 3-year average PS ratio of 1.5x is higher than the industry's current PS ratio of 0.77x.
Past Earnings Growth
  • The earnings for companies in the IT industry have declined 43% per year over the last three years,
  • Revenues have also declined 5.2% 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 Market1.02%
Tech3.14%
IT-0.88%
IT Consulting-0.27%
Internet Services and Infrastructure-2.79%
Data Processing Services-7.28%
Industry PE
  • Investors are most optimistic about the IT Consulting industry which is trading above its 3-year average PE ratio of 50.2x.
    • Analysts are expecting annual earnings growth of 30.6%, which is higher than its past year's earnings decline of 14.5% per year.
  • Investors are most pessimistic about the Internet Services and Infrastructure industry, which is trading below its 3-year average of 30.8x.
Forecasted Growth
  • Analysts are most optimistic on the IT Consulting industry, expecting annual earnings growth of 31% over the next 5 years.
  • This is better than its past earnings decline of 15% per year.
  • In contrast, the Internet Services and Infrastructure industry is expected to see its earnings grow by 8.8% 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
861 Digital China HoldingsHK$2.875.9%
+HK$267.8m
-24.3%PE27.5x
354 Chinasoft InternationalHK$5.530.9%
+HK$131.2m
3.6%PE24.8x
1037 Maxnerva Technology ServicesHK$0.4269.4%
+HK$120.7m
55.6%PE10x
2501 Maiyue TechnologyHK$1.1616.0%
+HK$80.0m
n/aPE10.9x
1204 BoardWare Intelligence TechnologyHK$3.412.1%
+HK$35.0m
143.6%PS2.3x
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Latest News

2501

HK$1.16

Maiyue Technology

7D

16.0%

1Y

n/a

771

HK$0.71

Automated Systems Holdings

7D

2.9%

1Y

-5.3%

1782

HK$3.98

International Business Digital Technology

7D

-4.8%

1Y

117.5%

1075

HK$0.26

Capinfo

7D

-11.9%

1Y

-24.6%

9600

HK$0.42

Newlink Technology

7D

-14.1%

1Y

-77.0%

3680

HK$1.70

Ruihe Data Technology Holdings

7D

-5.0%

1Y

102.4%

8229

HK$0.58

Future Data Group

7D

5.5%

1Y

0%

2436

HK$5.90

LX Technology Group

7D

-3.0%

1Y

-51.6%

1037

HK$0.42

Maxnerva Technology Services

7D

69.4%

1Y

55.6%

1204

HK$3.41

BoardWare Intelligence Technology

7D

2.1%

1Y

143.6%

354

HK$5.53

Chinasoft International

7D

0.9%

1Y

3.6%

2416

HK$2.62

Edianyun

7D

-13.8%

1Y

n/a