Automated Systems Holdings (HKG:771) Is Looking To Continue Growing Its Returns On Capital
Jan 07
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Hong Kong (HSI) IT Industry Analysis
UpdatedJan 11, 2026
DataAggregated Company Financials
Companies36
- 7D2.6%
- 3M-10.5%
- 1Y10.2%
- YTD2.6%
The IT industry is up 2.6% in the last week, with LX Technology Group up 156%. Meanwhile, WellCell Holdings actually underperformed within the industry, shrinking 5.8% in the last week. In the last 12 months, the industry was up 10%. 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 |
|---|---|---|---|---|---|---|
| Mon, 12 Jan 2026 | HK$92.4b | HK$64.9b | HK$1.7b | 21.6x | 53.9x | 1.4x |
| Wed, 10 Dec 2025 | HK$76.0b | HK$63.6b | HK$1.8b | 21.2x | 42.6x | 1.2x |
| Fri, 07 Nov 2025 | HK$82.0b | HK$63.5b | HK$1.9b | 24.4x | 43.6x | 1.3x |
| Sun, 05 Oct 2025 | HK$89.0b | HK$63.5b | HK$1.9b | 26.6x | 47.3x | 1.4x |
| Tue, 02 Sep 2025 | HK$88.3b | HK$63.5b | HK$1.8b | 26.8x | 47.7x | 1.4x |
| Thu, 31 Jul 2025 | HK$83.6b | HK$61.0b | HK$247.3m | 24.6x | 338.3x | 1.4x |
| Sat, 28 Jun 2025 | HK$85.2b | HK$61.5b | HK$352.8m | 14.9x | 241.6x | 1.4x |
| Mon, 26 May 2025 | HK$85.4b | HK$61.3b | HK$344.7m | 13.1x | 247.8x | 1.4x |
| Wed, 23 Apr 2025 | HK$81.4b | HK$59.9b | HK$361.6m | 12.5x | 225.2x | 1.4x |
| Fri, 21 Mar 2025 | HK$82.0b | HK$60.1b | -HK$980,687,938.60 | 17.8x | -83.7x | 1.4x |
| Sun, 16 Feb 2025 | HK$77.7b | HK$60.0b | -HK$1,027,818,977.79 | 15.4x | -75.6x | 1.3x |
| Tue, 14 Jan 2025 | HK$57.5b | HK$59.4b | -HK$1,012,834,816.62 | 11.3x | -56.7x | 1x |
| Thu, 12 Dec 2024 | HK$57.1b | HK$59.8b | -HK$1,022,668,618.76 | 15.3x | -55.8x | 1x |
| Sat, 09 Nov 2024 | HK$57.3b | HK$60.8b | -HK$759,032,954.14 | 16.9x | -75.5x | 0.9x |
| Mon, 07 Oct 2024 | HK$56.4b | HK$61.5b | -HK$783,676,381.99 | 16.6x | -72x | 0.9x |
| Wed, 04 Sep 2024 | HK$47.5b | HK$60.6b | -HK$677,361,072.67 | 13.8x | -70.1x | 0.8x |
| Fri, 02 Aug 2024 | HK$48.9b | HK$59.8b | -HK$1,281,942,221.91 | 13x | -38.1x | 0.8x |
| Sun, 30 Jun 2024 | HK$46.9b | HK$59.1b | -HK$1,271,027,981.23 | 13.7x | -36.9x | 0.8x |
| Tue, 28 May 2024 | HK$48.8b | HK$58.6b | -HK$1,305,628,503.21 | 14.7x | -37.4x | 0.8x |
| Thu, 25 Apr 2024 | HK$43.6b | HK$58.4b | -HK$1,333,461,383.86 | 13.2x | -32.7x | 0.7x |
| Sat, 23 Mar 2024 | HK$44.2b | HK$58.6b | HK$1.1b | 9.6x | 38.5x | 0.8x |
| Mon, 19 Feb 2024 | HK$44.2b | HK$58.6b | HK$1.2b | 10.3x | 37x | 0.8x |
| Wed, 17 Jan 2024 | HK$49.5b | HK$59.6b | HK$1.1b | 10.2x | 45.5x | 0.8x |
| Fri, 15 Dec 2023 | HK$54.2b | HK$60.5b | HK$1.1b | 11.9x | 48.9x | 0.9x |
| Sun, 12 Nov 2023 | HK$54.7b | HK$59.3b | HK$1.1b | 11.4x | 48.4x | 0.9x |
| Tue, 10 Oct 2023 | HK$55.3b | HK$59.1b | HK$997.7m | 9.9x | 55.5x | 0.9x |
| Thu, 07 Sep 2023 | HK$57.8b | HK$57.2b | HK$900.9m | 11.6x | 64.1x | 1x |
| Sat, 05 Aug 2023 | HK$56.5b | HK$58.0b | HK$2.0b | 12.1x | 27.7x | 1x |
| Mon, 03 Jul 2023 | HK$51.1b | HK$57.7b | HK$2.0b | 12.1x | 25.2x | 0.9x |
| Wed, 31 May 2023 | HK$51.6b | HK$58.6b | HK$2.0b | 10x | 25.4x | 0.9x |
| Fri, 28 Apr 2023 | HK$51.4b | HK$57.5b | HK$1.9b | 10.2x | 26.7x | 0.9x |
| Sun, 26 Mar 2023 | HK$56.1b | HK$60.9b | HK$3.0b | 11.7x | 18.8x | 0.9x |
| Tue, 21 Feb 2023 | HK$123.2b | HK$74.6b | HK$4.9b | 11.2x | 25x | 1.7x |
| Thu, 19 Jan 2023 | HK$126.6b | HK$75.2b | HK$5.0b | 11.4x | 25.5x | 1.7x |
Price to Earnings Ratio
25.5x
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 53.9x which is higher than its 3-year average PE of 40.5x.
- The 3-year average PS ratio of 1.1x is lower than the industry's current PS ratio of 1.4x.
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 | -0.094% | |
| Tech | -1.17% | |
| IT | 2.59% | |
| Internet Services and Infrastructure | 7.25% | |
| IT Consulting | 0.95% | |
| Data Processing Services | -0.05% | |
Industry PE
- Investors are most optimistic about the IT Consulting industry which is trading above its 3-year average PE ratio of 23.4x.
- Analysts are expecting annual earnings growth of 47.7%, 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 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 | |
|---|---|---|---|---|---|
| 2436 LX Technology Group | HK$11.76 | 155.7% +HK$2.5b | 224.9% | PS1.5x | |
| 1686 SUNeVision Holdings | HK$5.21 | 9.5% +HK$1.8b | 28.0% | PE21.7x | |
| 1782 International Business Digital Technology | HK$4.09 | 7.9% +HK$240.0m | 2.3% | PS28.1x | |
| 354 Chinasoft International | HK$5.22 | 1.0% +HK$125.0m | 13.7% | PE21.5x | |
| 771 Automated Systems Holdings | HK$0.86 | 6.2% +HK$41.7m | 30.3% | PE4.7x |
