Subdued Growth No Barrier To International Business Digital Technology Limited (HKG:1782) With Shares Advancing 25%
Feb 12
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- 7D9.1%
- 3M1.8%
- 1Y-20.0%
- YTD27.4%
Over the last 7 days, the IT industry has dropped 7.8%, driven by a pullback from SUNeVision Holdings of 6.2%. On the other hand Shenzhen Xunce Technology is actually up 48%. However, the industry is down 22% over the past year. 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 |
|---|---|---|---|---|---|---|
| Tue, 10 Mar 2026 | HK$115.0b | HK$65.6b | HK$1.8b | 17.3x | 64.9x | 1.8x |
| Thu, 05 Feb 2026 | HK$95.3b | HK$65.3b | HK$1.7b | 21.2x | 55.4x | 1.5x |
| Sat, 03 Jan 2026 | HK$90.1b | HK$64.8b | HK$1.7b | 20.6x | 52.6x | 1.4x |
| Mon, 01 Dec 2025 | HK$78.9b | HK$63.9b | HK$1.9b | 20.4x | 42.2x | 1.2x |
| Wed, 29 Oct 2025 | HK$84.2b | HK$63.6b | HK$1.9b | 24.9x | 44.7x | 1.3x |
| Fri, 26 Sep 2025 | HK$88.7b | HK$63.6b | HK$1.9b | 27x | 47.2x | 1.4x |
| Sun, 24 Aug 2025 | HK$88.1b | HK$61.1b | HK$852.2m | 28.9x | 103.3x | 1.4x |
| Tue, 22 Jul 2025 | HK$82.6b | HK$61.0b | HK$248.7m | 24.5x | 332.1x | 1.4x |
| Thu, 19 Jun 2025 | HK$83.4b | HK$61.4b | HK$344.2m | 14.5x | 242.2x | 1.4x |
| Sat, 17 May 2025 | HK$98.0b | HK$61.0b | HK$349.9m | 13.1x | 280.3x | 1.6x |
| Mon, 14 Apr 2025 | HK$83.6b | HK$60.1b | HK$355.1m | 13x | 235.3x | 1.4x |
| Wed, 12 Mar 2025 | HK$85.2b | HK$60.2b | -HK$978,309,131.81 | 18x | -87.1x | 1.4x |
| Fri, 07 Feb 2025 | HK$63.6b | HK$59.7b | -HK$1,020,593,612.32 | 15x | -62.3x | 1.1x |
| Sun, 05 Jan 2025 | HK$55.8b | HK$59.5b | -HK$1,011,953,410.53 | 14.1x | -55.2x | 0.9x |
| Tue, 03 Dec 2024 | HK$57.7b | HK$59.8b | -HK$1,023,120,217.70 | 15.6x | -56.4x | 1x |
| Thu, 31 Oct 2024 | HK$56.0b | HK$61.1b | -HK$768,563,779.43 | 17.9x | -72.8x | 0.9x |
| Sat, 28 Sep 2024 | HK$51.4b | HK$61.2b | -HK$812,929,784.75 | 15.3x | -63.3x | 0.8x |
| Mon, 26 Aug 2024 | HK$49.0b | HK$60.0b | -HK$1,476,187,080.71 | 14.4x | -33.2x | 0.8x |
| Wed, 24 Jul 2024 | HK$48.9b | HK$59.5b | -HK$1,270,435,932.04 | 13.1x | -38.5x | 0.8x |
| Fri, 21 Jun 2024 | HK$48.2b | HK$59.2b | -HK$1,284,630,592.64 | 13.8x | -37.5x | 0.8x |
| Sun, 19 May 2024 | HK$48.8b | HK$58.4b | -HK$1,332,514,370.12 | 14.3x | -36.6x | 0.8x |
| Tue, 16 Apr 2024 | HK$43.4b | HK$58.4b | -HK$1,327,477,513.10 | 13x | -32.7x | 0.7x |
| Thu, 14 Mar 2024 | HK$46.4b | HK$58.8b | HK$1.2b | 9.8x | 40.1x | 0.8x |
| Sat, 10 Feb 2024 | HK$43.2b | HK$58.6b | HK$1.2b | 10.4x | 36.2x | 0.7x |
| Mon, 08 Jan 2024 | HK$50.6b | HK$59.9b | HK$1.1b | 10.5x | 46.5x | 0.8x |
| Wed, 06 Dec 2023 | HK$54.2b | HK$60.5b | HK$1.1b | 11.9x | 49x | 0.9x |
| Fri, 03 Nov 2023 | HK$52.6b | HK$59.2b | HK$1.1b | 11x | 48.2x | 0.9x |
| Sun, 01 Oct 2023 | HK$55.9b | HK$59.0b | HK$997.5m | 11.9x | 56x | 0.9x |
| Tue, 29 Aug 2023 | HK$57.0b | HK$57.7b | HK$1.0b | 11.2x | 54.4x | 1x |
| Thu, 27 Jul 2023 | HK$54.5b | HK$58.2b | HK$2.0b | 12.1x | 26.7x | 0.9x |
| Sat, 24 Jun 2023 | HK$51.8b | HK$57.9b | HK$2.0b | 10.1x | 25.9x | 0.9x |
| Mon, 22 May 2023 | HK$51.3b | HK$59.0b | HK$2.0b | 10.1x | 25.2x | 0.9x |
| Wed, 19 Apr 2023 | HK$53.9b | HK$57.7b | HK$1.9b | 9.9x | 27.9x | 0.9x |
| Fri, 17 Mar 2023 | HK$115.2b | HK$74.8b | HK$4.9b | 10.9x | 23.3x | 1.5x |
Price to Earnings Ratio
23.3x
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 57.8x which is higher than its 3-year average PE of 42.3x.
- 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 4.2% 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 Market | -1.73% | |
| Tech | -3.37% | |
| IT | 9.14% | |
| IT Consulting | 14.91% | |
| Data Processing Services | 5.30% | |
| Internet Services and Infrastructure | -4.97% | |
Industry PE
- Investors are most optimistic about the IT Consulting industry which is trading above its 3-year average PE ratio of 27.4x.
- Analysts are expecting annual earnings growth of 89.8%, 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 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$115.80 | 47.8% +HK$12.1b | n/a | PS60.4x | |
| 3680 Ruihe Data Technology Holdings | HK$2.19 | 14.7% +HK$251.8m | 138.0% | PE412.2x | |
| 1204 BoardWare Intelligence Technology | HK$1.95 | 14.0% +HK$120.0m | -2.0% | PE1394.8x | |
| 2512 Cloud Factory Technology Holdings | HK$3.36 | 7.7% +HK$115.0m | 72.3% | PE98.6x | |
| 2436 LX Technology Group | HK$11.10 | 2.7% +HK$102.4m | 386.8% | PS1.4x |