Vision Values Holdings (HKG:862) Might Have The Makings Of A Multi-Bagger
Jan 23
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Hong Kong (HSI) IT Industry Analysis
UpdatedJan 24, 2026
DataAggregated Company Financials
Companies36
- 7D0.2%
- 3M0.6%
- 1Y20.6%
- YTD12.7%
In the last week, the IT industry is up 3.3%, with SUNeVision Holdings up 19%. Meanwhile, Shenzhen Xunce Technology actually underperformed within the industry, shrinking 16% in the last week. This means that the industry has gained 23% over the past year. As for the next few years, earnings are expected to grow by 31% 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, 24 Jan 2026 | HK$101.6b | HK$65.1b | HK$1.7b | 23.9x | 59.2x | 1.6x |
| Mon, 22 Dec 2025 | HK$74.2b | HK$63.8b | HK$1.8b | 20.3x | 41.6x | 1.2x |
| Wed, 19 Nov 2025 | HK$78.8b | HK$63.6b | HK$1.9b | 20.5x | 41.8x | 1.2x |
| Fri, 17 Oct 2025 | HK$84.6b | HK$63.4b | HK$1.9b | 25.2x | 45x | 1.3x |
| Sun, 14 Sep 2025 | HK$85.5b | HK$63.4b | HK$1.9b | 25.6x | 46x | 1.3x |
| Tue, 12 Aug 2025 | HK$83.8b | HK$60.9b | HK$247.8m | 25.5x | 338x | 1.4x |
| Thu, 10 Jul 2025 | HK$79.3b | HK$61.0b | HK$249.7m | 21.9x | 317.7x | 1.3x |
| Sat, 07 Jun 2025 | HK$85.2b | HK$61.4b | HK$343.7m | 12.6x | 247.7x | 1.4x |
| Mon, 05 May 2025 | HK$84.2b | HK$60.1b | HK$360.4m | 12.8x | 233.7x | 1.4x |
| Wed, 02 Apr 2025 | HK$90.7b | HK$60.8b | -HK$102,672,837.54 | 14.6x | -883x | 1.5x |
| Fri, 28 Feb 2025 | HK$86.8b | HK$60.0b | -HK$971,064,508.07 | 18x | -89.4x | 1.4x |
| Sun, 26 Jan 2025 | HK$57.2b | HK$60.0b | -HK$1,031,050,664.98 | 14.1x | -55.4x | 1x |
| Tue, 24 Dec 2024 | HK$57.1b | HK$59.6b | -HK$1,014,704,404.67 | 15.2x | -56.3x | 1x |
| Thu, 21 Nov 2024 | HK$56.7b | HK$60.3b | -HK$753,642,916.14 | 17.8x | -75.3x | 0.9x |
| Sat, 19 Oct 2024 | HK$58.7b | HK$62.7b | -HK$1,181,697,183.75 | 17.5x | -49.7x | 0.9x |
| Mon, 16 Sep 2024 | HK$46.5b | HK$60.8b | -HK$777,332,273.20 | 13.7x | -59.8x | 0.8x |
| Wed, 14 Aug 2024 | HK$47.0b | HK$60.1b | -HK$1,300,628,059.10 | 12.6x | -36.2x | 0.8x |
| Fri, 12 Jul 2024 | HK$50.8b | HK$59.6b | -HK$1,281,379,203.09 | 14.1x | -39.7x | 0.9x |
| Sun, 09 Jun 2024 | HK$46.3b | HK$58.6b | -HK$1,305,515,745.80 | 13.6x | -35.5x | 0.8x |
| Tue, 07 May 2024 | HK$45.6b | HK$58.5b | -HK$1,340,021,959.81 | 13.7x | -34.1x | 0.8x |
| Thu, 04 Apr 2024 | HK$43.4b | HK$58.4b | -HK$1,286,705,049.50 | 10.5x | -33.8x | 0.7x |
| Sat, 02 Mar 2024 | HK$45.7b | HK$58.8b | HK$1.2b | 9.6x | 39.5x | 0.8x |
| Mon, 29 Jan 2024 | HK$46.3b | HK$59.8b | HK$1.1b | 10.5x | 42.6x | 0.8x |
| Wed, 27 Dec 2023 | HK$53.6b | HK$60.5b | HK$1.1b | 11.1x | 48.4x | 0.9x |
| Fri, 24 Nov 2023 | HK$59.9b | HK$60.2b | HK$1.1b | 13.9x | 54.4x | 1x |
| Sun, 22 Oct 2023 | HK$54.7b | HK$59.2b | HK$1.1b | 11.3x | 50.1x | 0.9x |
| Tue, 19 Sep 2023 | HK$60.0b | HK$58.8b | HK$969.4m | 11.7x | 61.9x | 1x |
| Thu, 17 Aug 2023 | HK$52.3b | HK$57.4b | HK$2.1b | 12.4x | 24.4x | 0.9x |
| Sat, 15 Jul 2023 | HK$52.8b | HK$58.3b | HK$2.0b | 12.1x | 25.8x | 0.9x |
| Mon, 12 Jun 2023 | HK$53.3b | HK$58.3b | HK$2.0b | 10.1x | 26.5x | 0.9x |
| Wed, 10 May 2023 | HK$51.8b | HK$57.5b | HK$1.9b | 10x | 26.9x | 0.9x |
| Fri, 07 Apr 2023 | HK$53.8b | HK$57.8b | HK$1.9b | 12.7x | 28.6x | 0.9x |
| Sun, 05 Mar 2023 | HK$121.4b | HK$74.4b | HK$4.9b | 12.1x | 24.6x | 1.6x |
| Tue, 31 Jan 2023 | HK$125.3b | HK$75.3b | HK$5.0b | 11.3x | 25.2x | 1.7x |
Price to Earnings Ratio
25.2x
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 60.0x which is higher than its 3-year average PE of 40.9x.
- 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 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 | -0.21% | |
| Tech | -0.43% | |
| IT | 0.17% | |
| Internet Services and Infrastructure | 16.76% | |
| Data Processing Services | 0.30% | |
| IT Consulting | -5.22% | |
Industry PE
- Investors are most optimistic about the IT Consulting industry which is trading above its 3-year average PE ratio of 24.3x.
- Analysts are expecting annual earnings growth of 48.7%, 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 49% 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 | |
|---|---|---|---|---|---|
| 1686 SUNeVision Holdings | HK$6.21 | 19.4% +HK$4.1b | 63.9% | PE25.9x | |
| 1782 International Business Digital Technology | HK$5.08 | 21.0% +HK$704.0m | 26.4% | PS34.8x | |
| 861 Digital China Holdings | HK$2.86 | 3.2% +HK$150.6m | -3.4% | PS0.2x | |
| 2416 Edianyun | HK$2.83 | 9.7% +HK$123.9m | 62.6% | PE13.7x | |
| 862 Vision Values Holdings | HK$0.057 | 26.7% +HK$47.1m | 103.6% | PS0.6x |
