Automated Systems Holdings (HKG:771) Is Looking To Continue Growing Its Returns On Capital
Jan 07
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Hong Kong (HSI) IT Industry Analysis
UpdatedJan 10, 2026
DataAggregated Company Financials
Companies36
- 7D2.6%
- 3M-10.5%
- 1Y10.2%
- YTD2.6%
The IT industry is up 2.6% in the last week, with LX Technology Group up 156%. Meanwhile, WellCell Holdings actually underperformed within the industry, shrinking 5.8% in the last week. This means that the industry has gained 10% over the past year. As for the next few years, earnings are expected to grow by 32% per annum.
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, 10 Jan 2026 | HK$92.4b | HK$64.9b | HK$1.7b | 21.6x | 54x | 1.4x |
| Mon, 08 Dec 2025 | HK$75.7b | HK$63.9b | HK$1.9b | 20.3x | 40.5x | 1.2x |
| Wed, 05 Nov 2025 | HK$81.5b | HK$63.5b | HK$1.9b | 24x | 43.4x | 1.3x |
| Fri, 03 Oct 2025 | HK$89.1b | HK$63.5b | HK$1.9b | 25.9x | 47.4x | 1.4x |
| Sun, 31 Aug 2025 | HK$87.3b | HK$63.0b | HK$937.3m | 27.3x | 93.1x | 1.4x |
| Tue, 29 Jul 2025 | HK$84.8b | HK$61.0b | HK$246.4m | 25.4x | 343.9x | 1.4x |
| Thu, 26 Jun 2025 | HK$84.4b | HK$61.4b | HK$353.0m | 14.6x | 239.2x | 1.4x |
| Sat, 24 May 2025 | HK$85.3b | HK$61.3b | HK$345.3m | 13.1x | 247.1x | 1.4x |
| Mon, 21 Apr 2025 | HK$82.1b | HK$60.0b | HK$360.5m | 12.4x | 227.7x | 1.4x |
| Wed, 19 Mar 2025 | HK$85.8b | HK$60.2b | -HK$979,885,875.16 | 17.9x | -87.5x | 1.4x |
| Fri, 14 Feb 2025 | HK$70.8b | HK$59.7b | -HK$1,020,132,447.10 | 15.2x | -69.4x | 1.2x |
| Sun, 12 Jan 2025 | HK$58.1b | HK$59.5b | -HK$1,011,026,235.27 | 13.9x | -57.5x | 1x |
| Tue, 10 Dec 2024 | HK$58.2b | HK$59.8b | -HK$1,023,417,015.89 | 15.4x | -56.9x | 1x |
| Thu, 07 Nov 2024 | HK$56.1b | HK$60.7b | -HK$756,225,601.48 | 16.8x | -74.1x | 0.9x |
| Sat, 05 Oct 2024 | HK$56.4b | HK$61.0b | -HK$824,188,514.64 | 15.4x | -68.5x | 0.9x |
| Mon, 02 Sep 2024 | HK$47.7b | HK$60.9b | -HK$684,453,209.71 | 14x | -69.7x | 0.8x |
| Wed, 31 Jul 2024 | HK$48.5b | HK$59.7b | -HK$1,279,458,900.29 | 12.2x | -37.9x | 0.8x |
| Fri, 28 Jun 2024 | HK$51.5b | HK$59.1b | -HK$1,270,482,946.34 | 13.7x | -40.5x | 0.9x |
| Sun, 26 May 2024 | HK$48.0b | HK$58.6b | -HK$1,307,296,251.68 | 14.4x | -36.7x | 0.8x |
| Tue, 23 Apr 2024 | HK$42.5b | HK$58.5b | -HK$1,335,661,350.25 | 12.7x | -31.8x | 0.7x |
| Thu, 21 Mar 2024 | HK$45.9b | HK$58.8b | HK$1.1b | 9.4x | 40x | 0.8x |
| Sat, 17 Feb 2024 | HK$44.2b | HK$59.1b | HK$1.2b | 10.2x | 37x | 0.7x |
| Mon, 15 Jan 2024 | HK$49.0b | HK$59.8b | HK$1.1b | 10.1x | 45.1x | 0.8x |
| Wed, 13 Dec 2023 | HK$54.7b | HK$60.2b | HK$1.1b | 12.5x | 49.3x | 0.9x |
| Fri, 10 Nov 2023 | HK$55.6b | HK$59.3b | HK$1.1b | 11.9x | 49.2x | 0.9x |
| Sun, 08 Oct 2023 | HK$55.4b | HK$59.0b | HK$997.6m | 9.9x | 55.5x | 0.9x |
| Tue, 05 Sep 2023 | HK$56.7b | HK$57.3b | HK$900.3m | 10.7x | 63x | 1x |
| Thu, 03 Aug 2023 | HK$56.4b | HK$58.0b | HK$2.0b | 12.1x | 27.7x | 1x |
| Sat, 01 Jul 2023 | HK$51.0b | HK$57.5b | HK$2.0b | 10.3x | 25.6x | 0.9x |
| Mon, 29 May 2023 | HK$50.5b | HK$58.7b | HK$2.0b | 9.9x | 24.8x | 0.9x |
| Wed, 26 Apr 2023 | HK$51.6b | HK$57.5b | HK$1.9b | 10.2x | 26.8x | 0.9x |
| Fri, 24 Mar 2023 | HK$55.2b | HK$61.1b | HK$3.0b | 11.4x | 18.5x | 0.9x |
| Sun, 19 Feb 2023 | HK$122.5b | HK$74.7b | HK$4.9b | 11.2x | 24.9x | 1.6x |
| Tue, 17 Jan 2023 | HK$126.9b | HK$75.3b | HK$5.0b | 11.3x | 25.5x | 1.7x |
Price to Earnings Ratio
25.5x
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 54.0x which is higher than its 3-year average PE of 40.5x.
- The 3-year average PS ratio of 1.1x is lower than the industry's current PS ratio of 1.4x.
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 4.8% 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 | -0.093% | |
| Tech | -1.17% | |
| IT | 2.59% | |
| Internet Services and Infrastructure | 7.25% | |
| IT Consulting | 0.95% | |
| Data Processing Services | -0.05% | |
Industry PE
- Investors are most optimistic about the IT Consulting industry which is trading above its 3-year average PE ratio of 23.4x.
- Analysts are expecting annual earnings growth of 47.7%, 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 48% 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 16% 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$11.76 | 155.7% +HK$2.5b | 224.9% | PS1.5x | |
| 1686 SUNeVision Holdings | HK$5.21 | 9.5% +HK$1.8b | 28.0% | PE21.7x | |
| 1782 International Business Digital Technology | HK$4.09 | 7.9% +HK$240.0m | 2.3% | PS28.1x | |
| 354 Chinasoft International | HK$5.22 | 1.0% +HK$125.0m | 13.7% | PE21.5x | |
| 771 Automated Systems Holdings | HK$0.86 | 6.2% +HK$41.7m | 30.3% | PE4.7x |
