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Hong Kong (HSI) IT Industry Analysis

UpdatedApr 28, 2026
DataAggregated Company Financials
Companies35
  • 7D-12.4%
  • 3M64.3%
  • 1Y-5.8%
  • YTD93.9%

Over the last 7 days, the IT industry has dropped 12%, driven by WellCell Holdings declining 64%. Overall the industry is down 5.8% in 12 months. Earnings are forecast to grow by 60% annually.

Industry Valuation and Performance

Has the Hong Kong IT Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 29 Apr 2026HK$171.2bHK$70.8bHK$1.5b20.9x117.3x2.4x
Fri, 27 Mar 2026HK$130.2bHK$65.9bHK$1.7b17.3x75.5x2x
Sun, 22 Feb 2026HK$106.2bHK$65.6bHK$1.7b21.8x61.6x1.6x
Tue, 20 Jan 2026HK$103.1bHK$65.1bHK$1.7b22.4x60.1x1.6x
Thu, 18 Dec 2025HK$74.3bHK$63.7bHK$1.8b20.1x41.7x1.2x
Sat, 15 Nov 2025HK$78.5bHK$63.6bHK$1.9b21.3x41.6x1.2x
Mon, 13 Oct 2025HK$86.9bHK$63.4bHK$1.9b25.2x46.2x1.4x
Wed, 10 Sep 2025HK$82.0bHK$63.5bHK$1.9b24.3x44.1x1.3x
Fri, 08 Aug 2025HK$83.8bHK$61.0bHK$246.8m25.8x339.5x1.4x
Sun, 06 Jul 2025HK$84.5bHK$61.0bHK$276.4m21.6x305.7x1.4x
Tue, 03 Jun 2025HK$81.1bHK$61.2bHK$345.4m12.7x234.8x1.3x
Thu, 01 May 2025HK$83.3bHK$60.2bHK$359.9m12.9x231.5x1.4x
Sat, 29 Mar 2025HK$75.9bHK$60.8b-HK$760,793,527.4914x-99.8x1.2x
Mon, 24 Feb 2025HK$90.9bHK$59.9b-HK$1,025,705,859.7616.2x-88.7x1.5x
Wed, 22 Jan 2025HK$57.7bHK$59.8b-HK$1,021,333,049.5714.4x-56.5x1x
Fri, 20 Dec 2024HK$56.9bHK$59.6b-HK$1,015,497,745.2615x-56.1x1x
Sun, 17 Nov 2024HK$54.9bHK$60.4b-HK$756,021,333.2917.4x-72.6x0.9x
Tue, 15 Oct 2024HK$55.7bHK$61.5b-HK$781,907,637.5816.9x-71.2x0.9x
Thu, 12 Sep 2024HK$46.0bHK$60.7b-HK$783,746,977.0613.6x-58.7x0.8x
Sat, 10 Aug 2024HK$47.3bHK$60.2b-HK$1,301,960,031.4412.7x-36.3x0.8x
Mon, 08 Jul 2024HK$45.9bHK$59.6b-HK$1,281,543,921.0813.4x-35.8x0.8x
Wed, 05 Jun 2024HK$46.9bHK$58.6b-HK$1,308,896,538.6713.7x-35.8x0.8x
Fri, 03 May 2024HK$45.1bHK$58.4b-HK$1,330,681,408.4313.3x-33.9x0.8x
Sun, 31 Mar 2024HK$44.1bHK$58.5b-HK$1,318,785,723.8313.7x-33.4x0.8x
Tue, 27 Feb 2024HK$46.2bHK$58.5bHK$1.2b9.4x39.2x0.8x
Thu, 25 Jan 2024HK$47.3bHK$60.3bHK$1.1b10.7x43.5x0.8x
Sat, 23 Dec 2023HK$53.7bHK$60.5bHK$1.1b11x48.5x0.9x
Mon, 20 Nov 2023HK$55.5bHK$59.7bHK$1.1b13.4x50.5x0.9x
Wed, 18 Oct 2023HK$56.7bHK$59.2bHK$1.1b10.8x51.9x1x
Fri, 15 Sep 2023HK$59.4bHK$59.0bHK$969.1m11.5x61.3x1x
Sun, 13 Aug 2023HK$53.5bHK$57.7bHK$2.1b12.2x24.9x0.9x
Tue, 11 Jul 2023HK$51.4bHK$57.8bHK$2.0b12.1x25.3x0.9x
Thu, 08 Jun 2023HK$52.9bHK$58.4bHK$2.0b10.1x26.3x0.9x
Sat, 06 May 2023HK$51.6bHK$57.6bHK$1.9b10x26.8x0.9x
Price to Earnings Ratio

26.8x


Total Market Cap: HK$51.6bTotal Earnings: HK$1.9bTotal Revenue: HK$57.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Hong Kong IT Industry Price to Earnings3Y Average 45.7x202420252026
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 117x which is higher than its 3-year average PE of 45.7x.
  • The 3-year average PS ratio of 1.1x is lower than the industry's current PS ratio of 2.4x.
Past Earnings Growth
  • The earnings for companies in the IT industry have declined 8.9% per year over the last three years.
  • Meanwhile revenues for these companies have grown 7.1% 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-0.77%
Tech2.23%
IT-12.37%
Data Processing Services18.00%
Internet Services and Infrastructure-3.06%
IT Consulting-14.01%
Industry PE
  • Investors are most optimistic about the IT Consulting industry which is trading above its 3-year average PE ratio of 36.1x.
    • Analysts are expecting annual earnings growth of 70.2%, which is higher than its past year's earnings decline of 1.2% per year.
Forecasted Growth
  • Analysts are most optimistic on the IT Consulting industry, expecting annual earnings growth of 70% over the next 5 years.
  • This is better than its past earnings decline of 1.2% 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?

CompanyLast Price7D1YValuation
2436 LX Technology GroupHK$15.217.1%
+HK$355.7m
564.2%PE346x
6657 BaiwangHK$15.007.2%
+HK$228.2m
-57.9%PS4.1x
1900 China ITS (Holdings)HK$0.2612.6%
+HK$49.9m
87.1%PE5.5x
771 Automated Systems HoldingsHK$0.964.3%
+HK$33.6m
28.0%PE9.8x
1782 International Business Digital TechnologyHK$3.570.8%
+HK$24.0m
-30.4%PS23.8x

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