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Hong Kong (HSI) IT Industry Analysis
UpdatedMar 13, 2025
DataAggregated Company Financials
Companies35
- 7D-1.8%
- 3M46.8%
- 1Y69.0%
- YTD49.9%
The IT industry is up 4.8% in the last week, with Chinasoft International up 4.2%. During this same period, the SUNeVision Holdings underperformed, falling 5.7%. In the last 12 months, the industry was up 71%. As for the next few years, earnings are expected to grow by 21% 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 |
|---|---|---|---|---|---|---|
| Thu, 13 Mar 2025 | HK$84.1b | HK$60.1b | -HK$976,343,899.95 | 18.1x | -86.1x | 1.4x |
| Sat, 08 Feb 2025 | HK$65.6b | HK$59.8b | -HK$1,021,494,370.29 | 14.8x | -64.2x | 1.1x |
| Mon, 06 Jan 2025 | HK$55.8b | HK$59.5b | -HK$1,011,953,410.53 | 14.1x | -55.2x | 0.9x |
| Wed, 04 Dec 2024 | HK$57.2b | HK$59.7b | -HK$1,020,696,426.52 | 15.7x | -56x | 1x |
| Fri, 01 Nov 2024 | HK$56.0b | HK$61.1b | -HK$769,656,868.85 | 17.4x | -72.7x | 0.9x |
| Sun, 29 Sep 2024 | HK$51.4b | HK$61.3b | -HK$835,539,509.97 | 15.3x | -61.5x | 0.8x |
| Tue, 27 Aug 2024 | HK$48.4b | HK$60.1b | -HK$1,449,967,191.50 | 14x | -33.4x | 0.8x |
| Thu, 25 Jul 2024 | HK$48.5b | HK$59.5b | -HK$1,270,297,105.11 | 12.8x | -38.2x | 0.8x |
| Sat, 22 Jun 2024 | HK$47.7b | HK$59.3b | -HK$1,276,024,544.28 | 13.7x | -37.4x | 0.8x |
| Mon, 20 May 2024 | HK$48.8b | HK$58.4b | -HK$1,332,514,370.12 | 14.3x | -36.6x | 0.8x |
| Wed, 17 Apr 2024 | HK$43.4b | HK$58.4b | -HK$1,328,905,568.35 | 12.8x | -32.6x | 0.7x |
| Fri, 15 Mar 2024 | HK$45.9b | HK$58.8b | HK$1.2b | 9.8x | 39.6x | 0.8x |
| Sun, 11 Feb 2024 | HK$43.2b | HK$58.8b | HK$1.2b | 10.3x | 36.2x | 0.7x |
| Tue, 09 Jan 2024 | HK$49.1b | HK$59.7b | HK$1.1b | 10.4x | 45.2x | 0.8x |
| Thu, 07 Dec 2023 | HK$54.8b | HK$60.3b | HK$1.1b | 11.7x | 49.4x | 0.9x |
| Sat, 04 Nov 2023 | HK$53.8b | HK$59.2b | HK$1.1b | 11.2x | 49.3x | 0.9x |
| Mon, 02 Oct 2023 | HK$55.9b | HK$59.0b | HK$997.5m | 11.9x | 56x | 0.9x |
| Wed, 30 Aug 2023 | HK$56.8b | HK$57.6b | HK$1.0b | 11.2x | 55.6x | 1x |
| Fri, 28 Jul 2023 | HK$54.3b | HK$58.2b | HK$2.0b | 12.1x | 26.6x | 0.9x |
| Sun, 25 Jun 2023 | HK$51.8b | HK$57.9b | HK$2.0b | 10x | 25.8x | 0.9x |
| Tue, 23 May 2023 | HK$51.3b | HK$58.9b | HK$2.0b | 10.1x | 25.2x | 0.9x |
| Thu, 20 Apr 2023 | HK$53.7b | HK$57.6b | HK$1.9b | 10.9x | 27.8x | 0.9x |
| Sat, 18 Mar 2023 | HK$119.1b | HK$74.8b | HK$4.9b | 11.5x | 24.1x | 1.6x |
| Mon, 13 Feb 2023 | HK$126.5b | HK$75.0b | HK$5.0b | 11.6x | 25.5x | 1.7x |
| Wed, 11 Jan 2023 | HK$132.1b | HK$75.0b | HK$4.9b | 11.1x | 26.7x | 1.8x |
| Fri, 09 Dec 2022 | HK$119.8b | HK$73.6b | HK$4.8b | 11.4x | 24.8x | 1.6x |
| Sun, 06 Nov 2022 | HK$105.5b | HK$72.5b | HK$4.7b | 11.6x | 22.4x | 1.5x |
| Tue, 04 Oct 2022 | HK$97.9b | HK$73.4b | HK$4.8b | 11.1x | 20.6x | 1.3x |
| Thu, 01 Sep 2022 | HK$113.3b | HK$73.9b | HK$5.1b | 12.8x | 22.2x | 1.5x |
| Sat, 30 Jul 2022 | HK$113.4b | HK$74.2b | HK$7.5b | 11.4x | 15.1x | 1.5x |
| Mon, 27 Jun 2022 | HK$123.9b | HK$74.0b | HK$7.5b | 11.4x | 16.5x | 1.7x |
| Wed, 25 May 2022 | HK$112.0b | HK$74.0b | HK$7.6b | 11.9x | 14.8x | 1.5x |
| Fri, 22 Apr 2022 | HK$115.1b | HK$75.7b | HK$7.6b | 12.3x | 15.1x | 1.5x |
| Sun, 20 Mar 2022 | HK$118.9b | HK$73.4b | HK$8.3b | 11x | 14.3x | 1.6x |
Price to Earnings Ratio
14.3x
Current Industry PE
- Investors are optimistic on the Hong Kong IT industry, and appear confident in long term growth rates.
- The 3-year average PS ratio of 1.1x is lower than the industry's current PS ratio of 1.4x.
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 6.4% per year, which is driving profits down.
Industry Trends
Which industries have driven the changes within the Hong Kong Tech industry?
| HK Market | 1.05% | |
| Tech | -2.42% | |
| IT | -1.85% | |
| Data Processing Services | 17.01% | |
| IT Consulting | 0.95% | |
| Internet Services and Infrastructure | -5.51% | |
Industry PE
- Investors are most optimistic about the Internet Services and Infrastructure industry which is trading above its 3-year average PE ratio of 23.7x.
- Analysts are expecting annual earnings growth of 18.3%, which is higher than its past year's earnings growth of 13.6% per year.
Forecasted Growth
- Analysts are most optimistic on the IT Consulting industry, expecting annual earnings growth of 25% 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 18% 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 | |
|---|---|---|---|---|---|
| 8611 Mindtell Technology | HK$1.08 | 36.7% +HK$135.7m | 1,201.2% | PS20.2x | |
| 2479 Tianju Dihe (Suzhou) Data | HK$83.05 | 3.2% +HK$130.3m | n/a | PE107.7x | |
| 1075 Capinfo | HK$2.23 | 5.2% +HK$31.9m | -17.4% | PS0.4x | |
| 1460 ICO Group | HK$0.25 | 14.4% +HK$27.2m | 9.8% | PE8.9x | |
| 6657 Baiwang | HK$35.75 | 0.3% +HK$22.6m | n/a | PS11.4x |