Maxnerva Technology Services Limited (HKG:1037) Held Back By Insufficient Growth Even After Shares Climb 26%
Jan 09
Have your own idea? Try our Stock Screener
Hong Kong (HSI) IT Industry Analysis
UpdatedJan 18, 2026
DataAggregated Company Financials
Companies36
- 7D9.7%
- 3M-1.8%
- 1Y15.5%
- YTD12.6%
Over the last 7 days, the IT industry has risen 9.7%, driven by gains from Shenzhen Xunce Technology of 39%. In the same time, Ruihe Data Technology Holdings was down 10%. In the last 12 months, the industry was up 15%. Earnings are forecast to grow by 33% annually.
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 |
|---|---|---|---|---|---|---|
| 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 |
| Sun, 09 Jul 2023 | HK$51.5b | HK$57.8b | HK$2.0b | 12.1x | 25.3x | 0.9x |
| Tue, 06 Jun 2023 | HK$53.1b | HK$58.4b | HK$2.0b | 10.2x | 26.4x | 0.9x |
| Thu, 04 May 2023 | HK$51.3b | HK$57.6b | HK$1.9b | 10.2x | 26.6x | 0.9x |
| Sat, 01 Apr 2023 | HK$52.8b | HK$57.8b | HK$1.9b | 13.4x | 28.1x | 0.9x |
| Mon, 27 Feb 2023 | HK$119.8b | HK$74.3b | HK$4.9b | 12.2x | 24.4x | 1.6x |
| Wed, 25 Jan 2023 | HK$126.8b | HK$75.1b | HK$5.0b | 11.4x | 25.6x | 1.7x |
Price to Earnings Ratio
25.6x
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 59.1x which is higher than its 3-year average PE of 40.7x.
- 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 4.7% 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 | 1.58% | |
| Tech | 3.25% | |
| IT | 9.72% | |
| IT Consulting | 13.68% | |
| Data Processing Services | 3.27% | |
| Internet Services and Infrastructure | -0.92% | |
Industry PE
- Investors are most optimistic about the IT Consulting industry which is trading above its 3-year average PE ratio of 23.9x.
- Analysts are expecting annual earnings growth of 48.5%, 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 48% 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 | |
|---|---|---|---|---|---|
| 3317 Shenzhen Xunce Technology | HK$67.45 | 39.4% +HK$6.1b | n/a | PS35.5x | |
| 2436 LX Technology Group | HK$14.50 | 23.3% +HK$967.9m | 300.6% | PS1.8x | |
| 354 Chinasoft International | HK$5.45 | 4.4% +HK$574.9m | 9.0% | PE22.4x | |
| 6657 Baiwang | HK$17.48 | 11.9% +HK$420.2m | -50.8% | PS4.9x | |
| 2477 WellCell Holdings | HK$12.02 | 3.4% +HK$400.0m | 105.5% | PE626.9x |