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- 7D-0.1%
- 3M11.0%
- 1Y-11.6%
- YTD45.9%
Last week, the IT industry hasn't moved much but Shenzhen Xunce Technology is up 4.6% in that time. Unfortunately though, the industry is down 12% over the past 12 months. Looking forward, earnings are forecast to grow by 79% 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 |
|---|---|---|---|---|---|---|
| Thu, 26 Mar 2026 | HK$131.7b | HK$65.7b | HK$1.8b | 18.6x | 72.6x | 2x |
| Sat, 21 Feb 2026 | HK$106.2b | HK$65.6b | HK$1.7b | 21.8x | 61.6x | 1.6x |
| Mon, 19 Jan 2026 | HK$101.4b | HK$65.0b | HK$1.7b | 22x | 59.1x | 1.6x |
| Wed, 17 Dec 2025 | HK$74.1b | HK$63.7b | HK$1.8b | 20.1x | 41.5x | 1.2x |
| Fri, 14 Nov 2025 | HK$81.0b | HK$63.6b | HK$1.9b | 21.9x | 43.2x | 1.3x |
| Sun, 12 Oct 2025 | HK$86.9b | HK$63.4b | HK$1.9b | 25.2x | 46.2x | 1.4x |
| Tue, 09 Sep 2025 | HK$82.0b | HK$63.5b | HK$1.9b | 24.6x | 44.1x | 1.3x |
| Thu, 07 Aug 2025 | HK$83.6b | HK$60.9b | HK$247.5m | 26.3x | 337.7x | 1.4x |
| Sat, 05 Jul 2025 | HK$84.5b | HK$61.0b | HK$276.1m | 21.6x | 306x | 1.4x |
| Mon, 02 Jun 2025 | HK$82.0b | HK$61.2b | HK$346.2m | 13x | 236.7x | 1.3x |
| Wed, 30 Apr 2025 | HK$81.7b | HK$60.2b | HK$360.5m | 12.9x | 226.7x | 1.4x |
| Fri, 28 Mar 2025 | HK$77.6b | HK$60.7b | -HK$834,367,395.62 | 16.9x | -93x | 1.3x |
| Sun, 23 Feb 2025 | HK$90.9b | HK$59.9b | -HK$1,025,705,859.76 | 16.2x | -88.6x | 1.5x |
| Tue, 21 Jan 2025 | HK$57.0b | HK$59.6b | -HK$1,014,319,251.77 | 14.4x | -56.2x | 1x |
| Thu, 19 Dec 2024 | HK$56.2b | HK$59.7b | -HK$1,018,120,819.90 | 15.1x | -55.2x | 0.9x |
| Sat, 16 Nov 2024 | HK$54.9b | HK$60.4b | -HK$746,814,273.00 | 17.4x | -73.5x | 0.9x |
| Mon, 14 Oct 2024 | HK$55.7b | HK$61.5b | -HK$781,907,637.58 | 16.9x | -71.2x | 0.9x |
| Wed, 11 Sep 2024 | HK$46.4b | HK$60.6b | -HK$781,894,471.38 | 13.8x | -59.3x | 0.8x |
| Fri, 09 Aug 2024 | HK$47.1b | HK$60.1b | -HK$1,299,525,757.37 | 12.8x | -36.3x | 0.8x |
| Sun, 07 Jul 2024 | HK$45.8b | HK$59.6b | -HK$1,281,543,921.08 | 13.4x | -35.8x | 0.8x |
| Tue, 04 Jun 2024 | HK$46.9b | HK$58.6b | -HK$1,308,525,325.68 | 13.4x | -35.8x | 0.8x |
| Thu, 02 May 2024 | HK$43.9b | HK$58.4b | -HK$1,332,301,368.06 | 13.2x | -33x | 0.8x |
| Sat, 30 Mar 2024 | HK$44.1b | HK$58.5b | -HK$1,050,093,773.91 | 11.2x | -42x | 0.8x |
| Mon, 26 Feb 2024 | HK$46.4b | HK$58.6b | HK$1.2b | 9.3x | 39.4x | 0.8x |
| Wed, 24 Jan 2024 | HK$47.1b | HK$59.7b | HK$1.1b | 10.6x | 43.4x | 0.8x |
| Fri, 22 Dec 2023 | HK$54.0b | HK$60.4b | HK$1.1b | 11.3x | 48.7x | 0.9x |
| Sun, 19 Nov 2023 | HK$55.5b | HK$59.7b | HK$1.1b | 13.4x | 50.5x | 0.9x |
| Tue, 17 Oct 2023 | HK$56.7b | HK$59.2b | HK$1.1b | 10.8x | 51.9x | 1x |
| Thu, 14 Sep 2023 | HK$59.2b | HK$59.0b | HK$969.0m | 12.1x | 61.1x | 1x |
| Sat, 12 Aug 2023 | HK$53.5b | HK$57.8b | HK$2.1b | 11.9x | 25.6x | 0.9x |
| Mon, 10 Jul 2023 | HK$51.5b | HK$57.8b | HK$2.0b | 12.1x | 25.3x | 0.9x |
| Wed, 07 Jun 2023 | HK$52.3b | HK$58.4b | HK$2.0b | 10.2x | 26x | 0.9x |
| Fri, 05 May 2023 | HK$51.8b | HK$57.6b | HK$1.9b | 10x | 26.9x | 0.9x |
| Sun, 02 Apr 2023 | HK$52.8b | HK$57.8b | HK$1.9b | 13.4x | 28.1x | 0.9x |
Price to Earnings Ratio
28.1x
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 72.6x which is higher than its 3-year average PE of 43.0x.
- The 3-year average PS ratio of 1.1x is lower than the industry's current PS ratio of 2.0x.
Past Earnings Growth
- The earnings for companies in the IT industry have remained mostly flat over the last three years.
- Meanwhile revenues for these companies have grown 4.4% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased and as a result, profits have held steady.
Industry Trends
Which industries have driven the changes within the Hong Kong Tech industry?
| HK Market | -2.17% | |
| Tech | -5.21% | |
| IT | -0.12% | |
| IT Consulting | 1.63% | |
| Data Processing Services | -2.83% | |
| Internet Services and Infrastructure | -6.18% | |
Industry PE
- Investors are most optimistic about the IT Consulting industry which is trading above its 3-year average PE ratio of 29.0x.
- Analysts are expecting annual earnings growth of 101.3%, which is higher than its past year's earnings decline of 11.9% per year.
Forecasted Growth
- Analysts are most optimistic on the IT Consulting industry, expecting annual earnings growth of 101% over the next 5 years.
- This is better than its past earnings decline of 12% per year.
- In contrast, the Internet Services and Infrastructure industry is expected to see its earnings grow by 19% 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$19.71 | 18.7% +HK$3.1b | 94.2% | PE1015.3x | |
| 3317 Shenzhen Xunce Technology | HK$151.70 | 5.3% +HK$2.5b | n/a | PS79x | |
| 2495 Voicecomm Technology | HK$57.50 | 5.8% +HK$111.9m | -77.6% | PE10.1x | |
| 6657 Baiwang | HK$15.49 | 3.3% +HK$110.7m | -56.4% | PS4.2x | |
| 2416 Edianyun | HK$2.71 | 3.8% +HK$50.7m | 50.6% | PE12.9x |