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Hong Kong (HSI) IT Industry Analysis

UpdatedFeb 08, 2025
DataAggregated Company Financials
Companies35
  • 7D14.0%
  • 3M15.1%
  • 1Y36.8%
  • YTD17.0%

WellCell Holdings is up 50%, leading the way for the IT industry, which has gained 14%. Meanwhile, International Business Digital Technology actually underperformed within the industry, shrinking 7.3% in the last week. This means that the industry has gained 37% over the past year. Looking forward, earnings are forecast to grow by 19% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 09 Feb 2025HK$65.6bHK$59.8b-HK$1,021,494,370.2914.8x-64.2x1.1x
Tue, 07 Jan 2025HK$55.3bHK$59.4b-HK$1,010,443,163.8514.2x-54.7x0.9x
Thu, 05 Dec 2024HK$56.9bHK$59.9b-HK$1,024,915,811.0115.2x-55.5x1x
Sat, 02 Nov 2024HK$54.6bHK$61.1b-HK$770,211,650.0617.6x-70.9x0.9x
Mon, 30 Sep 2024HK$51.4bHK$61.3b-HK$835,539,509.9715.3x-61.5x0.8x
Wed, 28 Aug 2024HK$48.2bHK$60.1b-HK$1,450,569,144.3814.1x-33.2x0.8x
Fri, 26 Jul 2024HK$48.6bHK$59.8b-HK$1,284,593,245.6712.3x-37.9x0.8x
Sun, 23 Jun 2024HK$47.7bHK$59.3b-HK$1,290,297,360.8613.5x-36.9x0.8x
Tue, 21 May 2024HK$49.1bHK$58.3b-HK$1,328,595,688.5214.4x-37x0.8x
Thu, 18 Apr 2024HK$42.9bHK$58.4b-HK$1,328,363,030.5312.9x-32.3x0.7x
Sat, 16 Mar 2024HK$45.4bHK$58.8bHK$1.2b9.8x39.2x0.8x
Mon, 12 Feb 2024HK$43.2bHK$58.8bHK$1.2b10.3x36.2x0.7x
Wed, 10 Jan 2024HK$48.8bHK$59.9bHK$1.1b10.4x44.9x0.8x
Fri, 08 Dec 2023HK$54.3bHK$60.4bHK$1.1b11.6x49x0.9x
Sun, 05 Nov 2023HK$53.9bHK$59.2bHK$1.1b11.2x49.4x0.9x
Tue, 03 Oct 2023HK$55.9bHK$59.0bHK$997.6m11.9x56x0.9x
Thu, 31 Aug 2023HK$54.7bHK$57.8bHK$1.0b11.5x53.7x0.9x
Sat, 29 Jul 2023HK$56.5bHK$58.1bHK$2.0b12.1x27.7x1x
Mon, 26 Jun 2023HK$51.8bHK$57.9bHK$2.0b10x25.8x0.9x
Wed, 24 May 2023HK$51.7bHK$58.8bHK$2.0b9.9x25.4x0.9x
Fri, 21 Apr 2023HK$53.5bHK$57.7bHK$1.9b10.7x27.7x0.9x
Sun, 19 Mar 2023HK$54.4bHK$60.8bHK$3.0b10.9x18.3x0.9x
Tue, 14 Feb 2023HK$126.7bHK$74.9bHK$4.9b11.6x25.6x1.7x
Thu, 12 Jan 2023HK$128.2bHK$75.0bHK$5.0b11x25.9x1.7x
Sat, 10 Dec 2022HK$121.3bHK$73.8bHK$4.9b11.3x24.9x1.6x
Mon, 07 Nov 2022HK$105.5bHK$73.0bHK$4.7b11.5x22.3x1.4x
Wed, 05 Oct 2022HK$97.9bHK$73.4bHK$4.8b11.1x20.6x1.3x
Fri, 02 Sep 2022HK$112.5bHK$74.4bHK$4.9b12.7x23.1x1.5x
Sun, 31 Jul 2022HK$113.4bHK$74.2bHK$7.5b11.4x15.1x1.5x
Tue, 28 Jun 2022HK$126.8bHK$74.0bHK$7.5b11.5x16.9x1.7x
Thu, 26 May 2022HK$112.4bHK$74.0bHK$7.6b11.9x14.9x1.5x
Sat, 23 Apr 2022HK$114.7bHK$75.5bHK$7.6b12.3x15x1.5x
Mon, 21 Mar 2022HK$118.9bHK$73.4bHK$8.2b10.8x14.4x1.6x
Wed, 16 Feb 2022HK$139.2bHK$73.2bHK$8.3b12.9x16.8x1.9x
Price to Earnings Ratio

16.8x


Total Market Cap: HK$139.2bTotal Earnings: HK$8.3bTotal Revenue: HK$73.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Hong Kong IT Industry Price to Earnings3Y Average 6.4x202320242025
Current Industry PE
  • Investors are relatively neutral on the Hong Kong IT industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PS ratio of 1.1x.
Past Earnings Growth
  • Total earnings for the IT industry have declined over the last three years, with the industry now making a loss overall.
  • Revenues have also declined 6.5% per year, which is driving profits down.

Industry Trends

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

HK Market2.91%
Tech14.33%
IT13.98%
IT Consulting15.13%
Internet Services and Infrastructure11.19%
Data Processing Services-6.74%
Industry PE
  • Investors are most optimistic about the Internet Services and Infrastructure industry even though it's trading below its 3-year average PE ratio of 23.8x.
    • Analysts expect its future annual earnings growth (11.5%) to be largely in line with prior year's earnings growth.
Forecasted Growth
  • Analysts are most optimistic on the IT Consulting industry, expecting annual earnings growth of 24% over the next 5 years.
  • This is better than its past earnings decline of 14% per year.
  • In contrast, the Internet Services and Infrastructure industry is expected to see its earnings grow by 11% 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
2477 WellCell HoldingsHK$17.5650.3%
+HK$2.9b
430.5%PE499x
354 Chinasoft InternationalHK$6.2820.3%
+HK$2.6b
33.9%PE22.6x
1686 SUNeVision HoldingsHK$4.1510.7%
+HK$1.6b
50.9%PE18.6x
861 Digital China HoldingsHK$3.4218.3%
+HK$887.0m
53.4%PS0.3x
2512 Cloud Factory Technology HoldingsHK$3.0921.7%
+HK$253.0m
n/aPE99.7x
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Latest News

2512

HK$3.09

Cloud Factory Technology Holdings

7D

21.7%

1Y

n/a

354

HK$6.28

Chinasoft International

7D

20.3%

1Y

33.9%

1686

HK$4.15

SUNeVision Holdings

7D

10.7%

1Y

50.9%

8611

HK$0.55

Mindtell Technology

7D

-9.8%

1Y

720.9%

2416

HK$1.99

Edianyun

7D

11.8%

1Y

-33.7%

2477

HK$17.56

WellCell Holdings

7D

50.3%

1Y

430.5%

8229

HK$0.41

Future Data Group

7D

-8.8%

1Y

-23.1%

1561

HK$0.12

Pan Asia Data Holdings

7D

-18.9%

1Y

-24.1%

861

HK$3.42

Digital China Holdings

7D

18.3%

1Y

53.4%

6657

HK$35.80

Baiwang

7D

-2.5%

1Y

n/a

2501

HK$0.88

Maiyue Technology

7D

-4.3%

1Y

-20.0%

1204

HK$2.25

BoardWare Intelligence Technology

7D

-5.9%

1Y

-28.6%

2495

HK$220.00

Hubei Voicecomm Technology

7D

3.2%

1Y

n/a

2479

HK$77.05

Tianju Dihe (Suzhou) Data

7D

-3.0%

1Y

n/a