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Hong Kong (HSI) IT Industry Analysis
UpdatedJun 23, 2025
DataAggregated Company Financials
Companies36
- 7D-3.8%
- 3M-15.4%
- 1Y42.3%
- YTD14.8%
Over the last 7 days, the IT industry has dropped 3.8%, driven by declines in Voicecomm Technology and Chinasoft International of 25% and 7.8%, respectively. On the other hand Ruihe Data Technology Holdings is actually up 21%. This takes the industry's 12 month performance to a gain of 42%. As for the next few years, earnings are expected to grow by 35% 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 |
|---|---|---|---|---|---|---|
| Mon, 23 Jun 2025 | HK$82.3b | HK$61.5b | HK$353.4m | 14.4x | 233x | 1.3x |
| Wed, 21 May 2025 | HK$96.1b | HK$61.0b | HK$349.6m | 13.2x | 274.9x | 1.6x |
| Fri, 18 Apr 2025 | HK$82.3b | HK$60.0b | HK$355.5m | 12.4x | 231.4x | 1.4x |
| Sun, 16 Mar 2025 | HK$82.5b | HK$60.2b | -HK$978,037,581.63 | 17.7x | -84.3x | 1.4x |
| Tue, 11 Feb 2025 | HK$67.0b | HK$59.7b | -HK$1,017,620,290.49 | 14.8x | -65.9x | 1.1x |
| Thu, 09 Jan 2025 | HK$57.7b | HK$59.4b | -HK$1,009,452,491.84 | 14.1x | -57.1x | 1x |
| Sat, 07 Dec 2024 | HK$57.9b | HK$59.9b | -HK$1,025,138,156.47 | 15.4x | -56.5x | 1x |
| Mon, 04 Nov 2024 | HK$54.6b | HK$61.1b | -HK$770,268,536.17 | 17.6x | -70.9x | 0.9x |
| Wed, 02 Oct 2024 | HK$52.8b | HK$61.2b | -HK$834,283,698.89 | 15.6x | -63.3x | 0.9x |
| Fri, 30 Aug 2024 | HK$47.0b | HK$60.3b | -HK$1,529,622,231.20 | 13.6x | -30.7x | 0.8x |
| Sun, 28 Jul 2024 | HK$48.4b | HK$59.7b | -HK$1,278,764,802.37 | 12.2x | -37.9x | 0.8x |
| Tue, 25 Jun 2024 | HK$47.1b | HK$59.3b | -HK$1,291,748,860.94 | 13.4x | -36.5x | 0.8x |
| Thu, 23 May 2024 | HK$48.4b | HK$58.3b | -HK$1,328,162,678.95 | 14.2x | -36.4x | 0.8x |
| Sat, 20 Apr 2024 | HK$43.1b | HK$58.4b | -HK$1,328,428,612.68 | 12.9x | -32.4x | 0.7x |
| Mon, 18 Mar 2024 | HK$45.4b | HK$58.8b | HK$1.2b | 9.8x | 39.2x | 0.8x |
| Wed, 14 Feb 2024 | HK$43.2b | HK$58.6b | HK$1.2b | 10.4x | 36.2x | 0.7x |
| Fri, 12 Jan 2024 | HK$48.3b | HK$59.8b | HK$1.1b | 10.3x | 44.5x | 0.8x |
| Sun, 10 Dec 2023 | HK$54.0b | HK$60.2b | HK$1.1b | 12x | 48.7x | 0.9x |
| Tue, 07 Nov 2023 | HK$56.1b | HK$59.5b | HK$1.1b | 11.2x | 51.5x | 0.9x |
| Thu, 05 Oct 2023 | HK$55.9b | HK$59.0b | HK$997.7m | 11.6x | 56x | 0.9x |
| Sat, 02 Sep 2023 | HK$56.4b | HK$57.5b | HK$896.0m | 11.5x | 62.9x | 1x |
| Mon, 31 Jul 2023 | HK$56.5b | HK$58.1b | HK$2.0b | 12.1x | 27.6x | 1x |
| Wed, 28 Jun 2023 | HK$52.0b | HK$57.6b | HK$2.0b | 10.2x | 26x | 0.9x |
| Fri, 26 May 2023 | HK$50.8b | HK$58.8b | HK$2.0b | 9.9x | 25x | 0.9x |
| Sun, 23 Apr 2023 | HK$52.8b | HK$57.6b | HK$1.9b | 11.2x | 27.3x | 0.9x |
| Tue, 21 Mar 2023 | HK$53.6b | HK$60.9b | HK$3.0b | 10.9x | 18x | 0.9x |
| Thu, 16 Feb 2023 | HK$124.2b | HK$74.8b | HK$4.9b | 11.1x | 25.1x | 1.7x |
| Sat, 14 Jan 2023 | HK$127.9b | HK$75.3b | HK$5.0b | 11.1x | 25.7x | 1.7x |
| Mon, 12 Dec 2022 | HK$119.0b | HK$73.9b | HK$4.9b | 11.2x | 24.4x | 1.6x |
| Wed, 09 Nov 2022 | HK$108.2b | HK$73.0b | HK$4.7b | 11.8x | 22.8x | 1.5x |
| Fri, 07 Oct 2022 | HK$104.9b | HK$73.4b | HK$4.8b | 11.3x | 22x | 1.4x |
| Sun, 04 Sep 2022 | HK$112.4b | HK$74.4b | HK$4.8b | 12.6x | 23.2x | 1.5x |
| Tue, 02 Aug 2022 | HK$115.6b | HK$74.2b | HK$7.5b | 11.3x | 15.4x | 1.6x |
| Thu, 30 Jun 2022 | HK$131.2b | HK$73.9b | HK$7.5b | 11.6x | 17.5x | 1.8x |
Price to Earnings Ratio
17.5x
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 233x which is higher than its 3-year average PE of 20.7x.
- The 3-year average PS ratio of 1.1x is lower than the industry's current PS ratio of 1.3x.
Past Earnings Growth
- The earnings for companies in the IT industry have declined 64% per year over the last three years,
- Revenues have also declined 6.0% 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 | -1.74% | |
| Tech | 1.37% | |
| IT | -3.85% | |
| Data Processing Services | 20.13% | |
| Internet Services and Infrastructure | -2.55% | |
| IT Consulting | -4.64% | |
Industry PE
- Investors are most optimistic about the Internet Services and Infrastructure industry which is trading above its 3-year average PE ratio of 22.9x.
- Analysts are expecting annual earnings growth of 18.9%, which is higher than its past year's earnings decline of 3.9% per year.
Forecasted Growth
- Analysts are most optimistic on the IT Consulting industry, expecting annual earnings growth of 60% over the next 5 years.
- This is better than its past earnings decline of 1.3% 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 | |
|---|---|---|---|---|---|
| 3680 Ruihe Data Technology Holdings | HK$1.19 | 24.0% +HK$181.9m | 2.6% | PS2.3x | |
| 2477 WellCell Holdings | HK$7.04 | 1.3% +HK$90.0m | 360.1% | PE320.1x | |
| 2416 Edianyun | HK$1.97 | 6.5% +HK$60.7m | -5.7% | PE14.6x | |
| 1561 Pan Asia Data Holdings | HK$0.12 | 61.6% +HK$47.9m | -28.0% | PS0.7x | |
| 1985 Microware Group | HK$1.62 | 8.7% +HK$35.1m | 26.6% | PE11.9x |
