China ITS (Holdings) (HKG:1900) Is Looking To Continue Growing Its Returns On Capital
Feb 13
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Hong Kong (HSI) IT Industry Analysis
UpdatedFeb 22, 2026
DataAggregated Company Financials
Companies36
- 7D2.5%
- 3M6.3%
- 1Y-23.2%
- YTD17.7%
In the last week, the IT industry is up 2.5%, with Shenzhen Xunce Technology up 12%. During this same period, the SUNeVision Holdings underperformed, falling 5.5%. However, the industry is down 23% over the past year. Looking forward, earnings are forecast to grow by 63% 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, 22 Feb 2026 | HK$106.2b | HK$65.6b | HK$1.7b | 21.8x | 61.6x | 1.6x |
| Tue, 20 Jan 2026 | HK$103.1b | HK$65.1b | HK$1.7b | 22.4x | 60.1x | 1.6x |
| Thu, 18 Dec 2025 | HK$74.3b | HK$63.7b | HK$1.8b | 20.1x | 41.7x | 1.2x |
| Sat, 15 Nov 2025 | HK$78.5b | HK$63.6b | HK$1.9b | 21.3x | 41.6x | 1.2x |
| Mon, 13 Oct 2025 | HK$86.9b | HK$63.4b | HK$1.9b | 25.2x | 46.2x | 1.4x |
| Wed, 10 Sep 2025 | HK$82.0b | HK$63.5b | HK$1.9b | 24.3x | 44.1x | 1.3x |
| Fri, 08 Aug 2025 | HK$83.8b | HK$61.0b | HK$246.8m | 25.8x | 339.5x | 1.4x |
| Sun, 06 Jul 2025 | HK$84.5b | HK$61.0b | HK$276.4m | 21.6x | 305.7x | 1.4x |
| Tue, 03 Jun 2025 | HK$81.1b | HK$61.2b | HK$345.4m | 12.7x | 234.8x | 1.3x |
| Thu, 01 May 2025 | HK$83.3b | HK$60.2b | HK$359.9m | 12.9x | 231.5x | 1.4x |
| Sat, 29 Mar 2025 | HK$75.9b | HK$60.8b | -HK$760,793,527.49 | 14x | -99.8x | 1.2x |
| Mon, 24 Feb 2025 | HK$90.9b | HK$59.9b | -HK$1,025,705,859.76 | 16.2x | -88.7x | 1.5x |
| Wed, 22 Jan 2025 | HK$57.7b | HK$59.8b | -HK$1,021,333,049.57 | 14.4x | -56.5x | 1x |
| Fri, 20 Dec 2024 | HK$56.9b | HK$59.6b | -HK$1,015,497,745.26 | 15x | -56.1x | 1x |
| Sun, 17 Nov 2024 | HK$54.9b | HK$60.4b | -HK$756,021,333.29 | 17.4x | -72.6x | 0.9x |
| Tue, 15 Oct 2024 | HK$55.7b | HK$61.5b | -HK$781,907,637.58 | 16.9x | -71.2x | 0.9x |
| Thu, 12 Sep 2024 | HK$46.0b | HK$60.7b | -HK$783,746,977.06 | 13.6x | -58.7x | 0.8x |
| Sat, 10 Aug 2024 | HK$47.3b | HK$60.2b | -HK$1,301,960,031.44 | 12.7x | -36.3x | 0.8x |
| Mon, 08 Jul 2024 | HK$45.9b | HK$59.6b | -HK$1,281,543,921.08 | 13.4x | -35.8x | 0.8x |
| Wed, 05 Jun 2024 | HK$46.9b | HK$58.6b | -HK$1,308,896,538.67 | 13.7x | -35.8x | 0.8x |
| Fri, 03 May 2024 | HK$45.1b | HK$58.4b | -HK$1,330,681,408.43 | 13.3x | -33.9x | 0.8x |
| Sun, 31 Mar 2024 | HK$44.1b | HK$58.5b | -HK$1,318,785,723.83 | 13.7x | -33.4x | 0.8x |
| Tue, 27 Feb 2024 | HK$46.2b | HK$58.5b | HK$1.2b | 9.4x | 39.2x | 0.8x |
| Thu, 25 Jan 2024 | HK$47.3b | HK$60.3b | HK$1.1b | 10.7x | 43.5x | 0.8x |
| Sat, 23 Dec 2023 | HK$53.7b | HK$60.5b | HK$1.1b | 11x | 48.5x | 0.9x |
| Mon, 20 Nov 2023 | HK$55.5b | HK$59.7b | HK$1.1b | 13.4x | 50.5x | 0.9x |
| Wed, 18 Oct 2023 | HK$56.7b | HK$59.2b | HK$1.1b | 10.8x | 51.9x | 1x |
| Fri, 15 Sep 2023 | HK$59.4b | HK$59.0b | HK$969.1m | 11.5x | 61.3x | 1x |
| Sun, 13 Aug 2023 | HK$53.5b | HK$57.7b | HK$2.1b | 12.2x | 24.9x | 0.9x |
| Tue, 11 Jul 2023 | HK$51.4b | HK$57.8b | HK$2.0b | 12.1x | 25.3x | 0.9x |
| Thu, 08 Jun 2023 | HK$52.9b | HK$58.4b | HK$2.0b | 10.1x | 26.3x | 0.9x |
| Sat, 06 May 2023 | HK$51.6b | HK$57.6b | HK$1.9b | 10x | 26.8x | 0.9x |
| Mon, 03 Apr 2023 | HK$52.8b | HK$57.8b | HK$1.9b | 13.4x | 28.1x | 0.9x |
| Wed, 01 Mar 2023 | HK$118.8b | HK$74.4b | HK$4.9b | 11.9x | 24.1x | 1.6x |
Price to Earnings Ratio
24.1x
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 61.6x which is higher than its 3-year average PE of 41.8x.
- 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 4.1% 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 | 0.35% | |
| Tech | -1.62% | |
| IT | 2.54% | |
| IT Consulting | 5.83% | |
| Data Processing Services | 1.79% | |
| Internet Services and Infrastructure | -5.23% | |
Industry PE
- Investors are most optimistic about the IT Consulting industry which is trading above its 3-year average PE ratio of 26.2x.
- Analysts are expecting annual earnings growth of 88.8%, 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 89% 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 | |
|---|---|---|---|---|---|
| 3317 Shenzhen Xunce Technology | HK$79.80 | 11.8% +HK$2.7b | n/a | PS41.6x | |
| 2477 WellCell Holdings | HK$11.85 | 18.5% +HK$1.9b | -0.2% | PE611.3x | |
| 6657 Baiwang | HK$16.36 | 5.2% +HK$183.0m | -54.2% | PS4.5x | |
| 2436 LX Technology Group | HK$11.00 | 1.3% +HK$49.5m | 217.9% | PS1.3x | |
| 2501 Maiyue Technology | HK$0.95 | 6.7% +HK$30.0m | 3.3% | PE87.8x |
