Why We're Not Concerned About Chinasoft International Limited's (HKG:354) Share Price
Feb 01
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Hong Kong (HSI) IT Industry Analysis
UpdatedFeb 03, 2026
DataAggregated Company Financials
Companies36
- 7D-5.1%
- 3M0.2%
- 1Y15.0%
- YTD8.4%
Over the last 7 days, the IT industry has dropped 5.1%, driven by a pullback from SUNeVision Holdings of 8.6%. This takes the industry's 12 month performance to a gain of 15%. As for the next few years, earnings are expected to grow by 32% per annum.
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 |
|---|---|---|---|---|---|---|
| Tue, 03 Feb 2026 | HK$97.7b | HK$65.3b | HK$1.7b | 22.1x | 56.8x | 1.5x |
| Thu, 01 Jan 2026 | HK$91.1b | HK$64.7b | HK$1.7b | 19.9x | 53.3x | 1.4x |
| Sat, 29 Nov 2025 | HK$78.9b | HK$63.9b | HK$1.9b | 20.4x | 42.2x | 1.2x |
| Mon, 27 Oct 2025 | HK$83.9b | HK$63.5b | HK$1.9b | 25.2x | 44.6x | 1.3x |
| Wed, 24 Sep 2025 | HK$87.4b | HK$63.7b | HK$1.9b | 25.6x | 46.5x | 1.4x |
| Fri, 22 Aug 2025 | HK$87.2b | HK$61.0b | HK$759.0m | 26.5x | 114.9x | 1.4x |
| Sun, 20 Jul 2025 | HK$84.7b | HK$61.0b | HK$249.1m | 25.3x | 340.1x | 1.4x |
| Tue, 17 Jun 2025 | HK$86.2b | HK$61.4b | HK$343.1m | 14.3x | 251.3x | 1.4x |
| Thu, 15 May 2025 | HK$91.3b | HK$60.9b | HK$350.5m | 13.1x | 260.5x | 1.5x |
| Sat, 12 Apr 2025 | HK$83.3b | HK$60.0b | HK$356.7m | 13x | 233.5x | 1.4x |
| Mon, 10 Mar 2025 | HK$86.2b | HK$60.2b | -HK$978,469,661.83 | 18.1x | -88.1x | 1.4x |
| Wed, 05 Feb 2025 | HK$59.2b | HK$60.0b | -HK$1,030,631,607.16 | 14.7x | -57.5x | 1x |
| Fri, 03 Jan 2025 | HK$56.1b | HK$59.6b | -HK$1,016,315,840.05 | 14.3x | -55.2x | 0.9x |
| Sun, 01 Dec 2024 | HK$57.4b | HK$60.3b | -HK$747,546,071.97 | 15.3x | -76.8x | 1x |
| Tue, 29 Oct 2024 | HK$55.2b | HK$61.0b | -HK$767,529,237.72 | 18.3x | -72x | 0.9x |
| Thu, 26 Sep 2024 | HK$49.7b | HK$61.2b | -HK$812,458,725.14 | 14.4x | -61.1x | 0.8x |
| Sat, 24 Aug 2024 | HK$49.0b | HK$59.7b | -HK$1,463,512,922.61 | 14.4x | -33.5x | 0.8x |
| Mon, 22 Jul 2024 | HK$49.0b | HK$59.6b | -HK$1,272,898,360.61 | 13.3x | -38.5x | 0.8x |
| Wed, 19 Jun 2024 | HK$48.9b | HK$59.2b | -HK$1,287,195,546.71 | 14.4x | -38x | 0.8x |
| Fri, 17 May 2024 | HK$48.0b | HK$58.5b | -HK$1,335,640,737.42 | 14.3x | -35.9x | 0.8x |
| Sun, 14 Apr 2024 | HK$43.8b | HK$58.5b | -HK$1,330,266,537.29 | 13.2x | -33x | 0.7x |
| Tue, 12 Mar 2024 | HK$46.5b | HK$58.9b | HK$1.2b | 9.4x | 40.1x | 0.8x |
| Thu, 08 Feb 2024 | HK$42.9b | HK$59.1b | HK$1.2b | 10.6x | 36x | 0.7x |
| Sat, 06 Jan 2024 | HK$50.6b | HK$60.0b | HK$1.1b | 10.5x | 46.5x | 0.8x |
| Mon, 04 Dec 2023 | HK$57.1b | HK$60.5b | HK$1.1b | 12.8x | 51.5x | 0.9x |
| Wed, 01 Nov 2023 | HK$53.2b | HK$59.2b | HK$1.1b | 10.7x | 48.7x | 0.9x |
| Fri, 29 Sep 2023 | HK$55.3b | HK$59.0b | HK$997.6m | 11.8x | 55.4x | 0.9x |
| Sun, 27 Aug 2023 | HK$57.0b | HK$57.7b | HK$1.0b | 11.2x | 54.3x | 1x |
| Tue, 25 Jul 2023 | HK$51.1b | HK$58.0b | HK$2.0b | 12.1x | 25.1x | 0.9x |
| Thu, 22 Jun 2023 | HK$52.8b | HK$57.8b | HK$2.0b | 10.1x | 26.5x | 0.9x |
| Sat, 20 May 2023 | HK$51.4b | HK$59.0b | HK$2.0b | 7.7x | 25.5x | 0.9x |
| Mon, 17 Apr 2023 | HK$53.4b | HK$57.8b | HK$1.9b | 10.1x | 27.6x | 0.9x |
| Wed, 15 Mar 2023 | HK$114.7b | HK$74.9b | HK$4.9b | 10.9x | 23.2x | 1.5x |
| Fri, 10 Feb 2023 | HK$128.6b | HK$75.2b | HK$5.0b | 11.5x | 25.9x | 1.7x |
Price to Earnings Ratio
25.9x
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 41.2x.
- 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 4.6% 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 | -0.75% | |
| Tech | -2.26% | |
| IT | -5.05% | |
| IT Consulting | -3.80% | |
| Data Processing Services | -5.64% | |
| Internet Services and Infrastructure | -7.99% | |
Industry PE
- Investors are most optimistic about the IT Consulting industry which is trading above its 3-year average PE ratio of 25.0x.
- 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% | PE274.1x | |
| 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 |
