Maxnerva Technology Services Limited (HKG:1037) Held Back By Insufficient Growth Even After Shares Climb 26%
Jan 09
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Hong Kong (HSI) IT Industry Analysis
UpdatedFeb 28, 2026
DataAggregated Company Financials
Companies36
- 7D4.9%
- 3M4.8%
- 1Y-17.2%
- YTD23.4%
Over the last 7 days, the IT industry has remained flat, although notably Shenzhen Xunce Technology gained 15%. As for the longer term, the industry has declined 22% in the last year. Earnings are forecast to grow by 64% 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 |
|---|---|---|---|---|---|---|
| Sat, 28 Feb 2026 | HK$111.4b | HK$66.1b | HK$1.8b | 20x | 62.6x | 1.7x |
| Mon, 26 Jan 2026 | HK$101.6b | HK$65.0b | HK$1.7b | 23.9x | 59.3x | 1.6x |
| Wed, 24 Dec 2025 | HK$73.6b | HK$63.8b | HK$1.8b | 19.8x | 41.3x | 1.2x |
| Fri, 21 Nov 2025 | HK$78.3b | HK$63.6b | HK$1.9b | 20.4x | 41.5x | 1.2x |
| Sun, 19 Oct 2025 | HK$82.1b | HK$63.4b | HK$1.9b | 24.1x | 43.7x | 1.3x |
| Tue, 16 Sep 2025 | HK$84.9b | HK$63.4b | HK$1.9b | 25.3x | 45.6x | 1.3x |
| Thu, 14 Aug 2025 | HK$85.1b | HK$61.0b | HK$246.7m | 25.8x | 345x | 1.4x |
| Sat, 12 Jul 2025 | HK$78.4b | HK$61.0b | HK$249.0m | 22x | 315x | 1.3x |
| Mon, 09 Jun 2025 | HK$85.2b | HK$61.3b | HK$344.6m | 12.6x | 247.1x | 1.4x |
| Wed, 07 May 2025 | HK$86.0b | HK$60.5b | HK$354.8m | 12.9x | 242.4x | 1.4x |
| Fri, 04 Apr 2025 | HK$90.2b | HK$60.2b | HK$73.3m | 13.6x | 1229.2x | 1.5x |
| Sun, 02 Mar 2025 | HK$84.6b | HK$59.9b | -HK$968,295,721.28 | 16.8x | -87.3x | 1.4x |
| Tue, 28 Jan 2025 | HK$57.3b | HK$60.0b | -HK$1,029,261,278.51 | 14.1x | -55.6x | 1x |
| Thu, 26 Dec 2024 | HK$57.2b | HK$59.6b | -HK$1,014,460,883.03 | 15.2x | -56.4x | 1x |
| Sat, 23 Nov 2024 | HK$56.2b | HK$60.3b | -HK$753,129,453.28 | 18.4x | -74.6x | 0.9x |
| Mon, 21 Oct 2024 | HK$58.7b | HK$62.7b | -HK$1,182,480,530.80 | 17.5x | -49.7x | 0.9x |
| Wed, 18 Sep 2024 | HK$48.1b | HK$60.3b | -HK$744,180,737.01 | 14.3x | -64.6x | 0.8x |
| Fri, 16 Aug 2024 | HK$47.0b | HK$60.2b | -HK$1,304,650,072.43 | 13x | -36x | 0.8x |
| Sun, 14 Jul 2024 | HK$51.4b | HK$59.7b | -HK$1,285,677,908.37 | 14.3x | -39.9x | 0.9x |
| Tue, 11 Jun 2024 | HK$46.3b | HK$58.6b | -HK$1,305,504,244.31 | 13.6x | -35.5x | 0.8x |
| Thu, 09 May 2024 | HK$45.2b | HK$58.5b | -HK$1,336,485,308.99 | 13.4x | -33.8x | 0.8x |
| Sat, 06 Apr 2024 | HK$43.9b | HK$58.4b | -HK$1,301,007,314.68 | 10.5x | -33.7x | 0.8x |
| Mon, 04 Mar 2024 | HK$45.7b | HK$58.8b | HK$1.2b | 9.6x | 39.5x | 0.8x |
| Wed, 31 Jan 2024 | HK$44.6b | HK$60.2b | HK$1.1b | 10.9x | 41x | 0.7x |
| Fri, 29 Dec 2023 | HK$54.6b | HK$60.7b | HK$1.1b | 10.9x | 49.3x | 0.9x |
| Sun, 26 Nov 2023 | HK$58.8b | HK$60.1b | HK$1.1b | 13.8x | 53.5x | 1x |
| Tue, 24 Oct 2023 | HK$54.7b | HK$59.2b | HK$1.1b | 11.3x | 50.1x | 0.9x |
| Thu, 21 Sep 2023 | HK$58.1b | HK$59.0b | HK$990.0m | 11.2x | 58.7x | 1x |
| Sat, 19 Aug 2023 | HK$52.0b | HK$55.7b | HK$1.9b | 11.7x | 27.3x | 0.9x |
| Mon, 17 Jul 2023 | HK$52.8b | HK$58.3b | HK$2.0b | 12.1x | 25.8x | 0.9x |
| Wed, 14 Jun 2023 | HK$54.2b | HK$58.1b | HK$2.0b | 10.3x | 27x | 0.9x |
| Fri, 12 May 2023 | HK$51.7b | HK$57.6b | HK$2.0b | 10x | 26.2x | 0.9x |
| Sun, 09 Apr 2023 | HK$53.8b | HK$57.8b | HK$1.9b | 12.6x | 28x | 0.9x |
| Tue, 07 Mar 2023 | HK$123.1b | HK$74.6b | HK$4.9b | 12.1x | 25x | 1.7x |
Price to Earnings Ratio
25x
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 59.4x which is higher than its 3-year average PE of 42.0x.
- 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 29% per year over the last three years,
- Revenues have also declined 3.8% 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 | 0.15% | |
| Tech | 1.27% | |
| IT | 4.85% | |
| Internet Services and Infrastructure | 7.11% | |
| IT Consulting | 3.99% | |
| Data Processing Services | -2.93% | |
Industry PE
- Investors are most optimistic about the IT Consulting industry which is trading above its 3-year average PE ratio of 26.7x.
- Analysts are expecting annual earnings growth of 90.2%, 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 90% 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 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 | |
|---|---|---|---|---|---|
| 3317 Shenzhen Xunce Technology | HK$91.50 | 14.7% +HK$3.8b | n/a | PS47.3x | |
| 1686 SUNeVision Holdings | HK$6.74 | 6.3% +HK$1.6b | -23.2% | PE26.8x | |
| 8198 Crypto Flow Technology | HK$2.22 | 36.2% +HK$423.4m | 155.2% | PS29.6x | |
| 2501 Maiyue Technology | HK$1.13 | 18.9% +HK$90.0m | 28.4% | PE103.6x | |
| 6657 Baiwang | HK$16.52 | 1.0% +HK$36.1m | -53.6% | PS4.5x |
