Subdued Growth No Barrier To Pan Asia Data Holdings Inc. (HKG:1561) With Shares Advancing 27%
Dec 24
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Hong Kong (HSI) IT Industry Analysis
UpdatedDec 30, 2024
DataAggregated Company Financials
Companies35
- 7D-0.6%
- 3M8.4%
- 1Y-5.0%
- YTD0.9%
Over the last 7 days, the IT industry has remained flat, although notably WellCell Holdings gained 9.2%. As for the longer term, the industry has declined 5.0% in the last year. As for the next few years, earnings are expected to grow by 23% 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 |
|---|---|---|---|---|---|---|
| Mon, 30 Dec 2024 | HK$57.0b | HK$59.5b | -HK$1,013,340,321.94 | 15.2x | -56.3x | 1x |
| Wed, 27 Nov 2024 | HK$56.0b | HK$60.6b | -HK$754,756,357.80 | 18.6x | -74.2x | 0.9x |
| Fri, 25 Oct 2024 | HK$54.1b | HK$61.1b | -HK$770,277,917.24 | 17.1x | -70.3x | 0.9x |
| Sun, 22 Sep 2024 | HK$49.0b | HK$61.1b | -HK$806,826,228.18 | 14.2x | -60.7x | 0.8x |
| Tue, 20 Aug 2024 | HK$48.8b | HK$59.8b | -HK$1,386,387,579.32 | 13.9x | -35.2x | 0.8x |
| Thu, 18 Jul 2024 | HK$49.8b | HK$59.6b | -HK$1,283,408,119.51 | 13.7x | -38.8x | 0.8x |
| Sat, 15 Jun 2024 | HK$49.5b | HK$59.3b | -HK$1,287,552,668.49 | 15.2x | -38.4x | 0.8x |
| Mon, 13 May 2024 | HK$46.9b | HK$58.5b | -HK$1,335,142,303.38 | 14.3x | -35.2x | 0.8x |
| Wed, 10 Apr 2024 | HK$44.6b | HK$58.5b | -HK$1,330,333,247.02 | 13.9x | -33.5x | 0.8x |
| Fri, 08 Mar 2024 | HK$44.9b | HK$58.8b | HK$1.2b | 9.4x | 38.8x | 0.8x |
| Sun, 04 Feb 2024 | HK$42.5b | HK$59.6b | HK$1.1b | 10.6x | 39.2x | 0.7x |
| Tue, 02 Jan 2024 | HK$55.3b | HK$60.8b | HK$1.1b | 11.2x | 49.9x | 0.9x |
| Thu, 30 Nov 2023 | HK$58.0b | HK$60.2b | HK$1.1b | 13.4x | 53x | 1x |
| Sat, 28 Oct 2023 | HK$54.3b | HK$59.1b | HK$1.1b | 11.2x | 49.7x | 0.9x |
| Mon, 25 Sep 2023 | HK$58.6b | HK$59.0b | HK$1.0b | 10.6x | 58.5x | 1x |
| Wed, 23 Aug 2023 | HK$51.8b | HK$55.9b | HK$1.9b | 11.6x | 27.1x | 0.9x |
| Fri, 21 Jul 2023 | HK$51.2b | HK$58.1b | HK$2.0b | 12.4x | 25.1x | 0.9x |
| Sun, 18 Jun 2023 | HK$55.1b | HK$58.3b | HK$2.0b | 10x | 27.4x | 0.9x |
| Tue, 16 May 2023 | HK$51.8b | HK$57.4b | HK$1.9b | 7.6x | 26.6x | 0.9x |
| Thu, 13 Apr 2023 | HK$53.4b | HK$57.7b | HK$1.9b | 12.6x | 27.9x | 0.9x |
| Sat, 11 Mar 2023 | HK$114.8b | HK$74.5b | HK$4.9b | 11.1x | 23.3x | 1.5x |
| Mon, 06 Feb 2023 | HK$127.7b | HK$75.2b | HK$5.0b | 11.9x | 25.7x | 1.7x |
| Wed, 04 Jan 2023 | HK$124.3b | HK$74.2b | HK$4.9b | 11.3x | 25.4x | 1.7x |
| Fri, 02 Dec 2022 | HK$116.0b | HK$73.1b | HK$4.8b | 10.9x | 24.1x | 1.6x |
| Sun, 30 Oct 2022 | HK$97.1b | HK$72.7b | HK$4.7b | 11.1x | 20.6x | 1.3x |
| Tue, 27 Sep 2022 | HK$103.8b | HK$73.2b | HK$4.8b | 11.9x | 21.8x | 1.4x |
| Thu, 25 Aug 2022 | HK$113.0b | HK$73.0b | HK$4.8b | 12.3x | 23.6x | 1.5x |
| Sat, 23 Jul 2022 | HK$122.0b | HK$74.1b | HK$7.5b | 12x | 16.2x | 1.6x |
| Mon, 20 Jun 2022 | HK$121.5b | HK$73.6b | HK$7.5b | 11.3x | 16.1x | 1.6x |
| Wed, 18 May 2022 | HK$114.1b | HK$73.3b | HK$7.5b | 11.7x | 15.2x | 1.6x |
| Fri, 15 Apr 2022 | HK$118.9b | HK$76.0b | HK$7.7b | 12.3x | 15.5x | 1.6x |
| Sun, 13 Mar 2022 | HK$118.0b | HK$73.5b | HK$8.3b | 11.1x | 14.2x | 1.6x |
| Tue, 08 Feb 2022 | HK$133.4b | HK$73.0b | HK$8.3b | 12.8x | 16.2x | 1.8x |
| Thu, 06 Jan 2022 | HK$138.2b | HK$73.0b | HK$8.3b | 12.8x | 16.7x | 1.9x |
Price to Earnings Ratio
16.7x
Current Industry PE
- Investors are pessimistic on the Hong Kong IT industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The 3-year average PS ratio of 1.2x is higher than the industry's current PS ratio of 0.96x.
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 6.6% per year, which is driving profits down.
Industry Trends
Which industries have driven the changes within the Hong Kong Tech industry?
| HK Market | 2.11% | |
| Tech | 6.04% | |
| IT | -0.63% | |
| Internet Services and Infrastructure | 0.30% | |
| Data Processing Services | -0.36% | |
| IT Consulting | -1.07% | |
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 24.4x.
- Analysts are expecting annual earnings growth of 13.7%, which is higher than its past year's earnings growth of 11.0% per year.
Forecasted Growth
- Analysts are most optimistic on the IT Consulting industry, expecting annual earnings growth of 32% 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 14% 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 | |
|---|---|---|---|---|---|
| 2477 WellCell Holdings | HK$6.44 | 9.2% +HK$270.0m | n/a | PE184x | |
| 2512 Cloud Factory Technology Holdings | HK$3.00 | 11.5% +HK$142.6m | n/a | PE97.3x | |
| 8081 Hang Tai Yue Group Holdings | HK$0.049 | 14.0% +HK$30.9m | -45.6% | PS3.7x | |
| 1561 Pan Asia Data Holdings | HK$0.14 | 20.8% +HK$26.6m | -21.6% | PS0.4x | |
| 3680 Ruihe Data Technology Holdings | HK$1.00 | 4.2% +HK$26.4m | -29.6% | PS1.5x |
