Newlink Technology Inc.'s (HKG:9600) Share Price Is Matching Sentiment Around Its Revenues
Feb 05
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Hong Kong (HSI) IT Industry Analysis
UpdatedFeb 05, 2026
DataAggregated Company Financials
Companies36
- 7D-10.0%
- 3M-3.9%
- 1Y8.3%
- YTD5.7%
Over the last 7 days, the IT industry has dropped 10.0%, driven by a pullback from SUNeVision Holdings of 10.0%. In contrast, Ruihe Data Technology Holdings has gained 5.3%. This takes the industry's 12 month performance to a gain of 8.3%. Looking forward, earnings are forecast to grow by 57% 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 |
|---|---|---|---|---|---|---|
| Fri, 06 Feb 2026 | HK$95.3b | HK$65.3b | HK$1.7b | 21.2x | 55.4x | 1.5x |
| Sun, 04 Jan 2026 | HK$90.1b | HK$64.8b | HK$1.7b | 20.6x | 52.6x | 1.4x |
| Tue, 02 Dec 2025 | HK$79.0b | HK$63.9b | HK$1.9b | 20.8x | 42.2x | 1.2x |
| Thu, 30 Oct 2025 | HK$84.1b | HK$63.6b | HK$1.9b | 24.9x | 44.7x | 1.3x |
| Sat, 27 Sep 2025 | HK$85.9b | HK$63.5b | HK$1.9b | 25.6x | 45.8x | 1.4x |
| Mon, 25 Aug 2025 | HK$88.1b | HK$61.0b | HK$855.7m | 27.3x | 102.9x | 1.4x |
| Wed, 23 Jul 2025 | HK$83.7b | HK$61.0b | HK$248.4m | 24.6x | 336.8x | 1.4x |
| Fri, 20 Jun 2025 | HK$81.8b | HK$61.4b | HK$344.4m | 14.3x | 237.6x | 1.3x |
| Sun, 18 May 2025 | HK$98.0b | HK$61.0b | HK$350.5m | 13.1x | 279.7x | 1.6x |
| Tue, 15 Apr 2025 | HK$84.0b | HK$59.9b | HK$357.7m | 12.9x | 234.7x | 1.4x |
| 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 |
Price to Earnings Ratio
25.5x
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 55.4x which is higher than its 3-year average PE of 41.3x.
- The 3-year average PS ratio of 1.1x is lower than the industry's current PS ratio of 1.5x.
Past Earnings Growth
- The earnings for companies in the IT industry have declined 30% per year over the last three years,
- Revenues have also declined 4.5% 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 | -3.32% | |
| Tech | -7.48% | |
| IT | -9.97% | |
| Data Processing Services | -5.60% | |
| IT Consulting | -7.62% | |
| Internet Services and Infrastructure | -15.18% | |
Industry PE
- Investors are most optimistic about the IT Consulting industry which is trading above its 3-year average PE ratio of 25.1x.
- Analysts are expecting annual earnings growth of 83.1%, 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 83% 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 17% 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 | |
|---|---|---|---|---|---|
| 3680 Ruihe Data Technology Holdings | HK$1.58 | 5.3% +HK$63.3m | 51.9% | PE262.6x | |
| 6657 Baiwang | HK$16.46 | 1.6% +HK$58.7m | -54.9% | PS4.6x | |
| 9600 Newlink Technology | HK$0.26 | 22.0% +HK$43.1m | -25.0% | PS0.7x | |
| 1985 Microware Group | HK$1.38 | 6.2% +HK$21.6m | 6.2% | PS0.3x | |
| 2501 Maiyue Technology | HK$0.86 | 4.9% +HK$20.0m | -6.5% | PE79.9x |
