Hong Kong (HSI) IT Industry Analysis

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, 04 Aug 2026	HK$106.2b	HK$72.5b	HK$1.6b	25.4x	66.7x	1.5x
Thu, 02 Jul 2026	HK$96.4b	HK$71.1b	HK$1.5b	21x	66.4x	1.4x
Sat, 30 May 2026	HK$139.6b	HK$71.2b	HK$1.5b	23.9x	95.5x	2x
Mon, 27 Apr 2026	HK$165.9b	HK$70.6b	HK$1.5b	20.9x	113.8x	2.3x
Wed, 25 Mar 2026	HK$123.2b	HK$65.8b	HK$1.8b	18.9x	69.7x	1.9x
Fri, 20 Feb 2026	HK$105.4b	HK$65.6b	HK$1.7b	22.3x	61.1x	1.6x
Sun, 18 Jan 2026	HK$101.4b	HK$65.0b	HK$1.7b	22x	59.1x	1.6x
Tue, 16 Dec 2025	HK$75.5b	HK$63.7b	HK$1.8b	20.8x	42.3x	1.2x
Thu, 13 Nov 2025	HK$81.0b	HK$63.5b	HK$1.9b	22.1x	43.2x	1.3x
Sat, 11 Oct 2025	HK$87.0b	HK$63.5b	HK$1.9b	25.2x	46.2x	1.4x
Mon, 08 Sep 2025	HK$80.4b	HK$63.5b	HK$1.9b	24.8x	43.2x	1.3x
Wed, 06 Aug 2025	HK$82.8b	HK$60.9b	HK$247.7m	25.3x	334.4x	1.4x
Fri, 04 Jul 2025	HK$82.8b	HK$61.1b	HK$276.0m	21.1x	300.1x	1.4x
Sun, 01 Jun 2025	HK$82.0b	HK$61.2b	HK$346.2m	13x	236.7x	1.3x
Tue, 29 Apr 2025	HK$80.5b	HK$60.0b	HK$363.1m	12.7x	221.7x	1.3x
Thu, 27 Mar 2025	HK$76.9b	HK$59.9b	-HK$981,112,968.21	16.9x	-78.4x	1.3x
Sat, 22 Feb 2025	HK$90.9b	HK$59.9b	-HK$1,024,865,149.45	16.2x	-88.7x	1.5x
Mon, 20 Jan 2025	HK$57.6b	HK$59.5b	-HK$1,012,238,524.17	14.5x	-56.9x	1x
Wed, 18 Dec 2024	HK$56.0b	HK$59.7b	-HK$1,018,019,906.72	15.1x	-55x	0.9x
Fri, 15 Nov 2024	HK$55.3b	HK$60.3b	-HK$742,711,886.97	16.9x	-74.5x	0.9x
Sun, 13 Oct 2024	HK$55.7b	HK$61.5b	-HK$781,907,637.58	16.9x	-71.2x	0.9x
Tue, 10 Sep 2024	HK$46.3b	HK$60.6b	-HK$782,471,453.30	13.7x	-59.2x	0.8x
Thu, 08 Aug 2024	HK$47.4b	HK$60.1b	-HK$1,301,310,487.97	13x	-36.4x	0.8x
Sat, 06 Jul 2024	HK$45.9b	HK$59.2b	-HK$1,253,946,535.12	12.5x	-36.6x	0.8x
Mon, 03 Jun 2024	HK$46.5b	HK$58.7b	-HK$1,309,915,737.88	13.3x	-35.5x	0.8x
Wed, 01 May 2024	HK$43.9b	HK$58.4b	-HK$1,333,281,610.49	13.2x	-32.9x	0.8x
Fri, 29 Mar 2024	HK$44.1b	HK$58.7b	HK$927.8m	9.8x	47.5x	0.8x
Sun, 25 Feb 2024	HK$46.4b	HK$58.6b	HK$1.2b	9.3x	39.4x	0.8x
Tue, 23 Jan 2024	HK$47.1b	HK$59.6b	HK$1.1b	10.1x	43.4x	0.8x
Thu, 21 Dec 2023	HK$54.0b	HK$60.4b	HK$1.1b	11.2x	48.8x	0.9x
Sat, 18 Nov 2023	HK$55.5b	HK$59.7b	HK$1.1b	12x	49.5x	0.9x
Mon, 16 Oct 2023	HK$56.7b	HK$59.2b	HK$1.1b	10.8x	51.9x	1x
Wed, 13 Sep 2023	HK$60.4b	HK$58.9b	HK$969.1m	10.8x	62.3x	1x
Fri, 11 Aug 2023	HK$53.0b	HK$57.9b	HK$2.1b	11.8x	25.3x	0.9x

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 64.3x which is higher than its 3-year average PE of 50.7x.

The 3-year average PS ratio of 1.2x 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 8.8% per year over the last three years.
Meanwhile revenues for these companies have grown 7.8% per year.
This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

Which industries have driven the changes within the Hong Kong Tech industry?


HK Market	1.76%
Tech	-6.58%
IT	-1.03%
Internet Services and Infrastructure	-0.92%
IT Consulting	-1.08%
Data Processing Services	-2.43%

Industry PE

Investors are most optimistic about the IT Consulting industry which is trading above its 3-year average PE ratio of 49.3x.

Analysts are expecting annual earnings growth of 53.1%, which is higher than its past year's earnings growth of 3.5% per year.

Forecasted Growth

Analysts are most optimistic on the IT Consulting industry, expecting annual earnings growth of 53% over the next 5 years.
This is better than its past earnings growth rate of 3.5% per year.

In contrast, the Internet Services and Infrastructure industry is expected to see its earnings grow by 20% 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
354 Chinasoft International	HK$3.79	13.0% +HK$1.1b	-31.6%	PE25.4x
1686 SUNeVision Holdings	HK$4.84	2.8% +HK$530.7m	-36.4%	PE19.2x
3680 Ruihe Data Technology Holdings	HK$2.31	15.3% +HK$274.3m	14.1%	PS5.6x
8611 Jufeel International Holdings	HK$1.21	94.4% +HK$273.8m	69.7%	PS14.8x
2477 WellCell Holdings	HK$0.22	26.3% +HK$215.8m	-88.5%	PE58.2x

Company

Last Price

Valuation

354 Chinasoft International

HK$3.79

13.0%
+HK$1.1b

-31.6%

PE25.4x

1686 SUNeVision Holdings

HK$4.84

2.8%
+HK$530.7m

-36.4%

PE19.2x

3680 Ruihe Data Technology Holdings

HK$2.31

15.3%
+HK$274.3m

14.1%

PS5.6x

8611 Jufeel International Holdings

HK$1.21

94.4%
+HK$273.8m

69.7%

PS14.8x

2477 WellCell Holdings

HK$0.22

26.3%
+HK$215.8m

-88.5%

PE58.2x

Shenzhen Xunce Technology Co., Ltd. Provides Consolidated Earnings Guidance for the Six Months Ended June 30, 2026

Shenzhen Xunce Technology Co., Ltd. provided consolidated earnings guidance for the six months ended June 30, 2026. for the six months, it is expected that the Group recorded revenue of approximately RMB 967.02 million, representing a significant year-on-year increase of approximately 388.76% compared to revenue of RMB 197.85 million for the six months ended June 30, 2025. The growth in revenue is mainly attributable to the following: (i) the concentrated release of demand for the implementation of enterprise-level AI, as well as the growing demand of enterprises for the high-quality, structured and scenario- specific data. The revenue growth of the Group's core business was also driven by the accelerated deployment of enterprise-level AI real-time data infrastructure and analytics; (ii) the rapid penetration across diverse industries for continuously validating the capability in cross-industry replication. The Group successfully expanded several new businesses, accelerating the development for the full-chain integrated products and business of "Computing Power Data Token Model Application"; (iii) the implementation of Token business model and rising of Token volume, which become a new engine for revenue growth of the Group; and (iv) the accelerating advancement for the expansion of international business and development of ecosystem. The Group actively expanded its overseas business, achieving revenue growth from the overseas market and recorded a profit attributable to owners of the parent of approximately RMB 72.51 million as compared to the loss attributable to owners of the parent of RMB 89.43 million for the six months ended June 30, 2025, achieving a turnaround from loss to profit. The turnaround in profitability is mainly attributable to the following: (i) the proportion of profit for business in high profitability expanded steadily; (ii) the realization of economies of scale in platform-based, modular product architecture, resulting in an enhancement of operational efficiency. The proportion of the Group's research and development expenses, selling expenses and administrative and management expenses were optimized compared to the same period last year; and (iii) the improvement in working capital management efficiency, coupled with investment income contributing to incremental income, resulting in boosting the profit for the period.

Hong Kong (HSI) IT Industry Analysis

Industry Valuation and Performance

Industry Trends

Top Stock Gainers and Losers

Latest News

New major risk - Financial position

Digital China Holdings Limited Provides Group Earnings Guidance for the Six Months Ended June 30, 2026

Shenzhen Xunce Technology Co., Ltd. Provides Consolidated Earnings Guidance for the Six Months Ended June 30, 2026

Chinasoft International Limited to Report First Half, 2026 Results on Aug 20, 2026

New minor risk - Shareholder dilution

Baiwang (HKG:6657) Is In A Good Position To Deliver On Growth Plans

Greater Bay Area AI Computing Tech Acquires Tendon Data and Gains State-Backed Funding for AI Expansion

Investor sentiment improves as stock rises 16%

Momenta Global Limited has completed an IPO in the amount of HKD 5.893761 billion.

Now 21% overvalued after recent price rise

New minor risk - Market cap size

We Think Maxnerva Technology Services (HKG:1037) Needs To Drive Business Growth Carefully

Ruihe Data Technology Holdings Limited, Annual General Meeting, May 29, 2026

Cloud Factory Technology Holdings Limited, Annual General Meeting, Jun 23, 2026

Vision Values Holdings Limited announced that it expects to receive HKD 200 million in funding from Glory Light Limited, Next Victory Group Limited, Moral Glory International Limited, Dragon Noble Group Limited, Chow Tai Fook Nominee Limited

Full year 2025 earnings released: CN¥0.076 loss per share (vs CN¥0.099 loss in FY 2024)