There's Reason For Concern Over ITE (Holdings) Limited's (HKG:8092) Massive 55% Price Jump
Feb 03
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Hong Kong (HSI) IT Industry Analysis
UpdatedFeb 04, 2026
DataAggregated Company Financials
Companies36
- 7D-8.0%
- 3M-0.6%
- 1Y12.2%
- YTD8.2%
Over the last 7 days, the IT industry has dropped 5.1%, driven by SUNeVision Holdings declining 11%. In the past year, the industry has gained 15%. Earnings are forecast to grow by 32% 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 |
|---|---|---|---|---|---|---|
| Wed, 04 Feb 2026 | HK$97.5b | HK$65.4b | HK$1.7b | 22.2x | 56.7x | 1.5x |
| Fri, 02 Jan 2026 | HK$91.1b | HK$64.7b | HK$1.7b | 19.9x | 53.3x | 1.4x |
| Sun, 30 Nov 2025 | HK$78.9b | HK$63.9b | HK$1.9b | 20.4x | 42.2x | 1.2x |
| Tue, 28 Oct 2025 | HK$85.1b | HK$63.6b | HK$1.9b | 25.2x | 45.2x | 1.3x |
| Thu, 25 Sep 2025 | HK$89.1b | HK$63.6b | HK$1.9b | 26.3x | 47.4x | 1.4x |
| Sat, 23 Aug 2025 | HK$88.1b | HK$61.0b | HK$758.9m | 26.9x | 116x | 1.4x |
| Mon, 21 Jul 2025 | HK$84.7b | HK$61.0b | HK$249.1m | 25.3x | 340.1x | 1.4x |
| Wed, 18 Jun 2025 | HK$84.5b | HK$61.4b | HK$343.5m | 15.5x | 246.1x | 1.4x |
| Fri, 16 May 2025 | HK$94.7b | HK$60.9b | HK$350.8m | 13x | 270x | 1.6x |
| Sun, 13 Apr 2025 | HK$83.6b | HK$60.1b | HK$355.1m | 13x | 235.4x | 1.4x |
| Tue, 11 Mar 2025 | HK$84.1b | HK$60.0b | -HK$971,787,557.06 | 17.9x | -86.6x | 1.4x |
| Thu, 06 Feb 2025 | HK$59.7b | HK$59.8b | -HK$1,023,883,508.84 | 14.5x | -58.4x | 1x |
| Sat, 04 Jan 2025 | HK$55.9b | HK$59.5b | -HK$1,012,564,791.62 | 14.1x | -55.2x | 0.9x |
| Mon, 02 Dec 2024 | HK$57.4b | HK$60.3b | -HK$747,546,071.97 | 15.3x | -76.8x | 1x |
| Wed, 30 Oct 2024 | HK$55.2b | HK$61.0b | -HK$764,986,066.74 | 18.1x | -72.2x | 0.9x |
| Fri, 27 Sep 2024 | HK$50.1b | HK$61.3b | -HK$814,137,827.66 | 14.9x | -61.6x | 0.8x |
| Sun, 25 Aug 2024 | HK$49.0b | HK$60.0b | -HK$1,476,187,080.71 | 14.4x | -33.2x | 0.8x |
| Tue, 23 Jul 2024 | HK$49.4b | HK$59.5b | -HK$1,271,018,741.27 | 13.8x | -38.9x | 0.8x |
| Thu, 20 Jun 2024 | HK$49.2b | HK$59.2b | -HK$1,286,404,072.69 | 14.4x | -38.2x | 0.8x |
| Sat, 18 May 2024 | HK$48.5b | HK$58.4b | -HK$1,331,313,343.27 | 14.3x | -36.4x | 0.8x |
| Mon, 15 Apr 2024 | HK$43.9b | HK$58.5b | -HK$1,330,109,922.81 | 13.2x | -33x | 0.8x |
| Wed, 13 Mar 2024 | HK$46.4b | HK$58.9b | HK$1.2b | 9.8x | 40.1x | 0.8x |
| Fri, 09 Feb 2024 | HK$43.3b | HK$59.1b | HK$1.2b | 10.4x | 36.2x | 0.7x |
| Sun, 07 Jan 2024 | HK$50.6b | HK$59.9b | HK$1.1b | 10.5x | 46.5x | 0.8x |
| Tue, 05 Dec 2023 | HK$56.5b | HK$60.5b | HK$1.1b | 12.4x | 51x | 0.9x |
| Thu, 02 Nov 2023 | HK$52.5b | HK$59.1b | HK$1.1b | 10.8x | 48.1x | 0.9x |
| Sat, 30 Sep 2023 | HK$55.9b | HK$59.0b | HK$997.5m | 11.9x | 56x | 0.9x |
| Mon, 28 Aug 2023 | HK$57.0b | HK$57.7b | HK$1.0b | 11.2x | 54.3x | 1x |
| Wed, 26 Jul 2023 | HK$52.9b | HK$58.3b | HK$2.0b | 12.1x | 25.9x | 0.9x |
| Fri, 23 Jun 2023 | HK$52.8b | HK$57.9b | HK$2.0b | 10.1x | 26.4x | 0.9x |
| Sun, 21 May 2023 | HK$51.3b | HK$58.9b | HK$2.0b | 7.7x | 25.5x | 0.9x |
| Tue, 18 Apr 2023 | HK$53.6b | HK$57.7b | HK$1.9b | 10x | 27.7x | 0.9x |
| Thu, 16 Mar 2023 | HK$115.5b | HK$74.9b | HK$5.0b | 11x | 23.3x | 1.5x |
| Sat, 11 Feb 2023 | HK$126.5b | HK$75.0b | HK$4.9b | 11.6x | 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 56.8x which is higher than its 3-year average PE of 41.3x.
- The 3-year average PS ratio of 1.1x is lower than the industry's current PS ratio of 1.5x.
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 4.5% 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 | -1.27% | |
| Tech | -2.99% | |
| IT | -7.97% | |
| IT Consulting | -7.15% | |
| Data Processing Services | -7.51% | |
| Internet Services and Infrastructure | -9.85% | |
Industry PE
- Investors are most optimistic about the IT Consulting industry which is trading above its 3-year average PE ratio of 25.1x.
- Analysts are expecting annual earnings growth of 49.7%, 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 50% 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 17% 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 | |
|---|---|---|---|---|---|
| 861 Digital China Holdings | HK$2.80 | 2.6% +HK$117.2m | -3.4% | PS0.2x | |
| 862 Vision Values Holdings | HK$0.08 | 27.0% +HK$66.7m | 207.7% | PS0.8x | |
| 3680 Ruihe Data Technology Holdings | HK$1.65 | 4.4% +HK$55.4m | 57.1% | PE274x | |
| 6657 Baiwang | HK$16.80 | 1.2% +HK$45.2m | -54.4% | PS4.6x | |
| 1900 China ITS (Holdings) | HK$0.28 | 3.8% +HK$17.2m | 60.8% | PE1x |
