Subdued Growth No Barrier To International Business Digital Technology Limited (HKG:1782) With Shares Advancing 25%
Feb 12
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- 7D4.9%
- 3M4.7%
- 1Y-17.2%
- YTD23.4%
Over the last 7 days, the IT industry has risen 4.9%, driven by gains from SUNeVision Holdings of 1.9%. Meanwhile, Shenzhen Xunce Technology actually underperformed within the industry, shrinking 14% in the last week. In contrast, the industry has lost 17% in the last 12 months. As for the next few years, earnings are expected to grow by 65% 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 |
|---|---|---|---|---|---|---|
| Wed, 04 Mar 2026 | HK$111.4b | HK$66.1b | HK$1.8b | 20x | 62.6x | 1.7x |
| Fri, 30 Jan 2026 | HK$105.0b | HK$65.2b | HK$1.7b | 24x | 61.2x | 1.6x |
| Sun, 28 Dec 2025 | HK$73.1b | HK$63.9b | HK$1.8b | 19.7x | 40.9x | 1.1x |
| Tue, 25 Nov 2025 | HK$77.4b | HK$63.6b | HK$1.9b | 19.9x | 41x | 1.2x |
| Thu, 23 Oct 2025 | HK$82.6b | HK$63.4b | HK$1.9b | 24.3x | 43.9x | 1.3x |
| Sat, 20 Sep 2025 | HK$87.4b | HK$63.5b | HK$1.9b | 26.2x | 46.9x | 1.4x |
| Mon, 18 Aug 2025 | HK$87.0b | HK$60.8b | HK$250.4m | 27x | 347.6x | 1.4x |
| Wed, 16 Jul 2025 | HK$81.8b | HK$61.0b | HK$248.5m | 22.9x | 329.2x | 1.3x |
| Fri, 13 Jun 2025 | HK$86.5b | HK$61.4b | HK$342.7m | 14.1x | 252.4x | 1.4x |
| Sun, 11 May 2025 | HK$84.5b | HK$60.6b | HK$355.0m | 12.8x | 238x | 1.4x |
| Tue, 08 Apr 2025 | HK$80.1b | HK$60.0b | HK$358.5m | 13x | 223.4x | 1.3x |
| Thu, 06 Mar 2025 | HK$85.6b | HK$60.0b | -HK$971,939,996.99 | 17.1x | -88.1x | 1.4x |
| Sat, 01 Feb 2025 | HK$57.6b | HK$60.1b | -HK$1,031,399,438.96 | 14x | -55.8x | 1x |
| 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 |
Price to Earnings Ratio
23.3x
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 62.6x which is higher than its 3-year average PE of 42.2x.
- The 3-year average PS ratio of 1.1x is lower than the industry's current PS ratio of 1.7x.
Past Earnings Growth
- The earnings for companies in the IT industry have declined 29% per year over the last three years,
- Revenues have also declined 3.9% 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 | 0.15% | |
| Tech | 1.26% | |
| IT | 4.85% | |
| Internet Services and Infrastructure | 7.11% | |
| IT Consulting | 3.99% | |
| Data Processing Services | -2.93% | |
Industry PE
- Investors are most optimistic about the IT Consulting industry which is trading above its 3-year average PE ratio of 27.0x.
- Analysts are expecting annual earnings growth of 91.4%, 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 91% 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 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 | |
|---|---|---|---|---|---|
| 1686 SUNeVision Holdings | HK$6.36 | 1.9% +HK$489.8m | -19.8% | PE25.3x | |
| 8198 Crypto Flow Technology | HK$2.07 | 13.7% +HK$179.4m | 132.6% | PS27.6x | |
| 1204 BoardWare Intelligence Technology | HK$1.85 | 15.6% +HK$125.0m | -8.0% | PE1323.3x | |
| 8645 Byte Metaverse Holdings | HK$0.59 | 7.3% +HK$30.3m | 13.5% | PS1.5x | |
| 3680 Ruihe Data Technology Holdings | HK$1.89 | 1.1% +HK$18.0m | 89.0% | PE355.5x |
