Investors Still Waiting For A Pull Back In Chinasoft International Limited (HKG:354)
Apr 21
Hong Kong (HSI) IT Consulting Industry Analysis
UpdatedApr 22, 2024
DataAggregated Company Financials
Companies30
- 7D-3.2%
- 3M-6.4%
- 1Y-5.4%
- YTDn/a
Over the last 7 days, the IT Consulting industry has dropped 3.2%, driven by Chinasoft International declining 5.0%. Overall the industry is down 5.4% in 12 months. Earnings are forecast to grow by 36% annually.
Industry Valuation and Performance
Has the Hong Kong IT Consulting Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 22 Apr 2024 | HK$32.1b | HK$55.8b | -HK$2,223,883,769.16 | 14.6x | -14.5x | 0.6x |
| Wed, 20 Mar 2024 | HK$34.3b | HK$56.1b | HK$266.7m | 9.8x | 128.6x | 0.6x |
| Fri, 16 Feb 2024 | HK$32.1b | HK$56.6b | HK$288.5m | 8.9x | 111.1x | 0.6x |
| Sun, 14 Jan 2024 | HK$36.1b | HK$56.3b | HK$288.3m | 9.2x | 125.3x | 0.6x |
| Tue, 12 Dec 2023 | HK$43.0b | HK$56.6b | HK$309.9m | 11.2x | 138.6x | 0.8x |
| Thu, 09 Nov 2023 | HK$43.5b | HK$55.8b | HK$282.9m | 9.8x | 153.7x | 0.8x |
| Sat, 07 Oct 2023 | HK$41.6b | HK$55.5b | HK$189.9m | 9.9x | 218.8x | 0.7x |
| Mon, 04 Sep 2023 | HK$40.4b | HK$54.0b | HK$103.0m | 10.6x | 392.3x | 0.7x |
| Wed, 02 Aug 2023 | HK$40.3b | HK$54.6b | HK$1.3b | 11.5x | 31.5x | 0.7x |
| Fri, 30 Jun 2023 | HK$33.7b | HK$54.2b | HK$1.2b | 8.3x | 27.3x | 0.6x |
| Sun, 28 May 2023 | HK$32.6b | HK$55.3b | HK$1.3b | 7.5x | 25.6x | 0.6x |
| Tue, 25 Apr 2023 | HK$33.3b | HK$54.3b | HK$1.2b | 8x | 27.9x | 0.6x |
| Thu, 23 Mar 2023 | HK$35.1b | HK$57.4b | HK$2.2b | 10.3x | 15.6x | 0.6x |
| Sat, 18 Feb 2023 | HK$36.3b | HK$57.3b | HK$2.3b | 9.9x | 16.1x | 0.6x |
| Mon, 16 Jan 2023 | HK$38.9b | HK$57.9b | HK$2.3b | 10x | 17x | 0.7x |
| Wed, 14 Dec 2022 | HK$38.4b | HK$56.6b | HK$2.2b | 10x | 17.3x | 0.7x |
| Fri, 11 Nov 2022 | HK$35.5b | HK$56.3b | HK$2.2b | 9.1x | 16.4x | 0.6x |
| Sun, 09 Oct 2022 | HK$32.6b | HK$56.6b | HK$2.2b | 9.3x | 14.7x | 0.6x |
| Tue, 06 Sep 2022 | HK$36.3b | HK$57.4b | HK$2.3b | 9.7x | 16.1x | 0.6x |
| Thu, 04 Aug 2022 | HK$39.0b | HK$56.5b | HK$2.2b | 8.4x | 17.4x | 0.7x |
| Sat, 02 Jul 2022 | HK$43.5b | HK$56.1b | HK$2.2b | 9.8x | 19.6x | 0.8x |
| Mon, 30 May 2022 | HK$38.8b | HK$56.0b | HK$2.3b | 8.5x | 17.2x | 0.7x |
| Wed, 27 Apr 2022 | HK$36.2b | HK$56.9b | HK$2.2b | 9.1x | 16.1x | 0.6x |
| Fri, 25 Mar 2022 | HK$39.6b | HK$54.9b | HK$1.8b | 10.5x | 22.2x | 0.7x |
| Sun, 20 Feb 2022 | HK$45.0b | HK$55.0b | HK$1.8b | 11.1x | 24.4x | 0.8x |
| Tue, 18 Jan 2022 | HK$48.9b | HK$54.7b | HK$1.8b | 12.6x | 26.6x | 0.9x |
| Thu, 16 Dec 2021 | HK$55.7b | HK$54.7b | HK$1.8b | 10.7x | 30.3x | 1x |
| Sat, 13 Nov 2021 | HK$59.9b | HK$54.1b | HK$1.9b | 10.9x | 31.3x | 1.1x |
| Mon, 11 Oct 2021 | HK$55.8b | HK$53.7b | HK$1.9b | 10.3x | 29.7x | 1x |
| Wed, 08 Sep 2021 | HK$58.8b | HK$53.6b | HK$1.8b | 10.5x | 32.9x | 1.1x |
| Fri, 06 Aug 2021 | HK$62.5b | HK$54.0b | HK$1.7b | 11.1x | 36.1x | 1.2x |
| Mon, 10 May 2021 | HK$50.3b | HK$51.6b | HK$1.7b | 13.5x | 30x | 1x |
Price to Earnings Ratio
30x
Current Industry PE
- Investors are pessimistic on the Hong Kong IT Consulting and Other Services industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading close to its 3-year average PS ratio of 0.77x.
Past Earnings Growth
- Total earnings for the IT Consulting and Other Services industry have declined over the last three years, with the industry now making a loss overall.
- Meanwhile revenues have grown 2.6% 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, which has decreased profits.
Industry Comparison
How does Hong Kong IT Consulting compare with similar industries?
| HK Market | -0.66% | |
| Tech | -5.12% | |
| IT | -2.97% | |
| IT Consulting | -3.24% | |
| Data Processing Services | 2.90% | |
| Internet Services and Infrastructure | -2.11% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
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$3.25 | 0.9% +HK$50.2m | -3.3% | PS0.3x | |
| 8606 Kinetix Systems Holdings | HK$0.079 | 25.4% +HK$23.1m | -46.6% | PS0.4x | |
| 2176 CCID Consulting | HK$0.83 | 3.8% +HK$21.0m | 112.8% | PE8.5x | |
| 8229 Future Data Group | HK$0.52 | 2.0% +HK$5.5m | -17.5% | PS0.6x | |
| 8062 EFT Solutions Holdings | HK$0.30 | 1.7% +HK$2.4m | 56.3% | PE7.3x |
