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
Sat, 29 Aug 2026	HK$113.8b	HK$74.3b	HK$1.6b	28.8x	70.1x	1.5x
Mon, 27 Jul 2026	HK$96.4b	HK$71.2b	HK$1.5b	22.2x	64.1x	1.4x
Wed, 24 Jun 2026	HK$99.5b	HK$71.1b	HK$1.5b	20.3x	68x	1.4x
Fri, 22 May 2026	HK$140.6b	HK$70.9b	HK$1.5b	21.6x	96.4x	2x
Sun, 19 Apr 2026	HK$191.7b	HK$70.7b	HK$1.5b	19.8x	131.4x	2.7x
Tue, 17 Mar 2026	HK$114.7b	HK$65.8b	HK$1.8b	17.3x	64.5x	1.7x
Thu, 12 Feb 2026	HK$103.0b	HK$65.6b	HK$1.7b	21.7x	59.8x	1.6x
Sat, 10 Jan 2026	HK$92.4b	HK$64.9b	HK$1.7b	21.6x	54x	1.4x
Mon, 08 Dec 2025	HK$75.7b	HK$63.9b	HK$1.9b	20.3x	40.5x	1.2x
Wed, 05 Nov 2025	HK$81.5b	HK$63.5b	HK$1.9b	24x	43.4x	1.3x
Fri, 03 Oct 2025	HK$89.1b	HK$63.5b	HK$1.9b	25.9x	47.4x	1.4x
Sun, 31 Aug 2025	HK$87.3b	HK$63.0b	HK$937.3m	27.3x	93.1x	1.4x
Tue, 29 Jul 2025	HK$84.8b	HK$61.0b	HK$246.4m	25.4x	343.9x	1.4x
Thu, 26 Jun 2025	HK$84.4b	HK$61.4b	HK$353.0m	14.6x	239.2x	1.4x
Sat, 24 May 2025	HK$85.3b	HK$61.3b	HK$345.3m	13.1x	247.1x	1.4x
Mon, 21 Apr 2025	HK$82.1b	HK$60.0b	HK$360.5m	12.4x	227.7x	1.4x
Wed, 19 Mar 2025	HK$85.8b	HK$60.2b	-HK$979,885,875.16	17.9x	-87.5x	1.4x
Fri, 14 Feb 2025	HK$70.8b	HK$59.7b	-HK$1,020,132,447.10	15.2x	-69.4x	1.2x
Sun, 12 Jan 2025	HK$58.1b	HK$59.5b	-HK$1,011,026,235.27	13.9x	-57.5x	1x
Tue, 10 Dec 2024	HK$58.2b	HK$59.8b	-HK$1,023,417,015.89	15.4x	-56.9x	1x
Thu, 07 Nov 2024	HK$56.1b	HK$60.7b	-HK$756,225,601.48	16.8x	-74.1x	0.9x
Sat, 05 Oct 2024	HK$56.4b	HK$61.0b	-HK$824,188,514.64	15.4x	-68.5x	0.9x
Mon, 02 Sep 2024	HK$47.7b	HK$60.9b	-HK$684,453,209.71	14x	-69.7x	0.8x
Wed, 31 Jul 2024	HK$48.5b	HK$59.7b	-HK$1,279,458,900.29	12.2x	-37.9x	0.8x
Fri, 28 Jun 2024	HK$51.5b	HK$59.1b	-HK$1,270,482,946.34	13.7x	-40.5x	0.9x
Sun, 26 May 2024	HK$48.0b	HK$58.6b	-HK$1,307,296,251.68	14.4x	-36.7x	0.8x
Tue, 23 Apr 2024	HK$42.5b	HK$58.5b	-HK$1,335,661,350.25	12.7x	-31.8x	0.7x
Thu, 21 Mar 2024	HK$45.9b	HK$58.8b	HK$1.1b	9.4x	40x	0.8x
Sat, 17 Feb 2024	HK$44.2b	HK$59.1b	HK$1.2b	10.2x	37x	0.7x
Mon, 15 Jan 2024	HK$49.0b	HK$59.8b	HK$1.1b	10.1x	45.1x	0.8x
Wed, 13 Dec 2023	HK$54.7b	HK$60.2b	HK$1.1b	12.5x	49.3x	0.9x
Fri, 10 Nov 2023	HK$55.6b	HK$59.3b	HK$1.1b	11.9x	49.2x	0.9x
Sun, 08 Oct 2023	HK$55.4b	HK$59.0b	HK$997.6m	9.9x	55.5x	0.9x
Tue, 05 Sep 2023	HK$56.7b	HK$57.3b	HK$900.3m	10.7x	63x	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 70.1x which is higher than its 3-year average PE of 51.7x.

The 3-year average PS ratio of 1.2x is lower than the industry's current PS ratio of 1.5x.

Past Earnings Growth

The earnings for companies in the IT industry have grown 22% per year over the last three years.
Revenues for these companies have grown 9.0% per year.
This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

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


HK Market	1.04%
Tech	4.14%
IT	1.43%
Data Processing Services	10.34%
Internet Services and Infrastructure	7.90%
IT Consulting	-1.38%

Industry PE

Investors are most optimistic about the IT Consulting industry which is trading above its 3-year average PE ratio of 51.2x.

Analysts are expecting annual earnings growth of 79.8%, which is higher than its past year's earnings decline of 5.2% per year.

Forecasted Growth

Analysts are most optimistic on the IT Consulting industry, expecting annual earnings growth of 80% over the next 5 years.
This is better than its past earnings decline of 5.2% 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
1686 SUNeVision Holdings	HK$5.20	5.6% +HK$1.1b	-31.9%	PE20.7x
354 Chinasoft International	HK$3.90	4.6% +HK$417.7m	-40.5%	PE23.1x
6657 Baiwang	HK$15.70	12.1% +HK$384.0m	-17.4%	PS4.2x
1396 Greater Bay Area AI Computing Tech	HK$10.76	3.0% +HK$367.0m	103.0%	PE149.5x
1985 Microware Group	HK$2.81	7.7% +HK$54.0m	66.0%	PE25.1x

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

Digital China Holdings Limited provided group earnings guidance for the six months ended June 30, 2026. The board of directors of the Company informed the shareholders of the Company and potential investors that based on the Board's preliminary review of the latest unaudited consolidated management accounts of the Group and having considered the relevant information known to the Board, it is expected that the loss attributable to equity holders of the Group for the six months ended 30 June 2026 would be in the range of approximately RMB 50 million to RMB 70 million (For the six months ended 30 June 2025: profit of approximately RMB 15 million) which was mainly due to Digital China Information Service Group Company Ltd., an indirect non-wholly owned subsidiary of the Company as to 38.61% and a company listed on the Shenzhen Stock Exchange (Stock Code: 000555), being expected to record a loss attributable to its shareholders in the range of RMB 240 million to RMB 390 million for the six months ended 30 June 2026 (For the six months ended 30 June 2025: loss of approximately RMB 96.4 million). The expected increase in net loss attributable to the shareholders of DCITS was mainly attributable to the provision made for estimated liabilities in respect of the first-instance judgment (the Judgement) relating to a contractual dispute between a wholly-owned subsidiary of DCITS and Beijing Urban Construction Intelligent Control Technology Co. Ltd. Given that DCITS has lodged an appeal with the High People's Court of Beijing, the Judgement has not yet taken effect.

Hong Kong (HSI) IT Industry Analysis

Industry Valuation and Performance

Industry Trends

Top Stock Gainers and Losers

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