Here's What Analysts Are Forecasting For SUNeVision Holdings Ltd. (HKG:1686) After Its Full-Year Results
Sep 02
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Hong Kong (HSI) IT Industry Analysis
UpdatedSep 03, 2024
DataAggregated Company Financials
Companies35
- 7D-2.7%
- 3M-8.9%
- 1Y-25.7%
- YTD-17.1%
Over the last 7 days, the IT industry has dropped 2.7%, driven by Newlink Technology declining 87%. Meanwhile, SUNeVision Holdings actually outperformed within the industry, gaining 6.4% in the last week. The industry has fallen 26% in the last year. Looking forward, earnings are forecast to grow by 44% 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 |
|---|---|---|---|---|---|---|
| Tue, 03 Sep 2024 | HK$47.1b | HK$60.7b | -HK$678,918,578.60 | 13.7x | -69.4x | 0.8x |
| Thu, 01 Aug 2024 | HK$49.3b | HK$59.9b | -HK$1,289,492,318.71 | 13x | -38.2x | 0.8x |
| Sat, 29 Jun 2024 | HK$51.7b | HK$59.1b | -HK$1,272,556,616.49 | 13.7x | -40.6x | 0.9x |
| Mon, 27 May 2024 | HK$48.0b | HK$58.6b | -HK$1,307,296,251.68 | 14.4x | -36.7x | 0.8x |
| Wed, 24 Apr 2024 | HK$42.5b | HK$58.5b | -HK$1,334,309,692.78 | 12.9x | -31.9x | 0.7x |
| Fri, 22 Mar 2024 | HK$45.4b | HK$58.8b | HK$1.1b | 9.7x | 39.5x | 0.8x |
| Sun, 18 Feb 2024 | HK$44.2b | HK$58.6b | HK$1.2b | 10.3x | 37x | 0.8x |
| Tue, 16 Jan 2024 | HK$49.3b | HK$59.7b | HK$1.1b | 10.2x | 45.4x | 0.8x |
| Thu, 14 Dec 2023 | HK$54.2b | HK$60.2b | HK$1.1b | 11.7x | 48.9x | 0.9x |
| Sat, 11 Nov 2023 | HK$54.7b | HK$59.3b | HK$1.1b | 11.4x | 48.5x | 0.9x |
| Mon, 09 Oct 2023 | HK$55.4b | HK$59.0b | HK$997.6m | 9.9x | 55.5x | 0.9x |
| Wed, 06 Sep 2023 | HK$56.7b | HK$57.2b | HK$900.9m | 11.1x | 62.9x | 1x |
| Fri, 04 Aug 2023 | HK$56.5b | HK$58.0b | HK$2.0b | 12.1x | 27.7x | 1x |
| Sun, 02 Jul 2023 | HK$51.1b | HK$57.7b | HK$2.0b | 12.1x | 25.2x | 0.9x |
| Tue, 30 May 2023 | HK$50.8b | HK$58.6b | HK$2.0b | 10x | 25x | 0.9x |
| Thu, 27 Apr 2023 | HK$51.7b | HK$57.5b | HK$1.9b | 10.2x | 26.8x | 0.9x |
| Sat, 25 Mar 2023 | HK$56.1b | HK$60.9b | HK$3.0b | 11.7x | 18.8x | 0.9x |
| Mon, 20 Feb 2023 | HK$122.5b | HK$74.7b | HK$4.9b | 11.2x | 24.9x | 1.6x |
| Wed, 18 Jan 2023 | HK$125.9b | HK$75.1b | HK$5.0b | 11.4x | 25.4x | 1.7x |
| Fri, 16 Dec 2022 | HK$118.1b | HK$73.8b | HK$4.9b | 11.2x | 24.2x | 1.6x |
| Sun, 13 Nov 2022 | HK$111.0b | HK$73.5b | HK$4.8b | 11x | 23.3x | 1.5x |
| Tue, 11 Oct 2022 | HK$101.2b | HK$73.4b | HK$4.8b | 11x | 21.3x | 1.4x |
| Thu, 08 Sep 2022 | HK$113.1b | HK$74.2b | HK$4.8b | 12.7x | 23.4x | 1.5x |
| Sat, 06 Aug 2022 | HK$117.4b | HK$74.1b | HK$7.5b | 11.5x | 15.6x | 1.6x |
| Mon, 04 Jul 2022 | HK$129.8b | HK$73.9b | HK$7.5b | 11.7x | 17.3x | 1.8x |
| Wed, 01 Jun 2022 | HK$117.4b | HK$74.0b | HK$7.6b | 11.5x | 15.5x | 1.6x |
| Fri, 29 Apr 2022 | HK$111.8b | HK$74.8b | HK$7.6b | 12.3x | 14.7x | 1.5x |
| Sun, 27 Mar 2022 | HK$118.4b | HK$73.2b | HK$7.9b | 11.1x | 15x | 1.6x |
| Tue, 22 Feb 2022 | HK$134.2b | HK$73.4b | HK$8.3b | 12.8x | 16.2x | 1.8x |
| Thu, 20 Jan 2022 | HK$138.6b | HK$73.1b | HK$8.3b | 13.1x | 16.8x | 1.9x |
| Sat, 18 Dec 2021 | HK$141.6b | HK$73.1b | HK$8.3b | 12.8x | 17.1x | 1.9x |
| Mon, 15 Nov 2021 | HK$150.1b | HK$72.5b | HK$8.3b | 12.1x | 18x | 2.1x |
| Wed, 13 Oct 2021 | HK$148.1b | HK$71.8b | HK$8.3b | 11.6x | 17.9x | 2.1x |
| Fri, 10 Sep 2021 | HK$160.1b | HK$71.7b | HK$8.2b | 12.5x | 19.6x | 2.2x |
Price to Earnings Ratio
19.6x
Current Industry PE
- Investors are pessimistic on the Hong Kong IT industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The 3-year average PS ratio of 1.3x is higher than the industry's current PS ratio of 0.78x.
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 5.4% per year, which is driving profits down.
Industry Trends
Which industries have driven the changes within the Hong Kong Tech industry?
| HK Market | -1.01% | |
| Tech | -0.58% | |
| IT | -2.69% | |
| Data Processing Services | 50.15% | |
| Internet Services and Infrastructure | 5.24% | |
| IT Consulting | -6.15% | |
Industry PE
- Investors are most optimistic about the Data Processing Services industry which is trading above its 3-year average PE ratio of 31.3x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
Forecasted Growth
- Analysts are most optimistic on the IT Consulting industry, expecting annual earnings growth of 69% over the next 5 years.
- This is better than its past earnings decline of 22% per year.
- In contrast, the Internet Services and Infrastructure industry is expected to see its earnings grow by 14% 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$3.37 | 7.0% +HK$893.0m | -6.9% | PE15.1x | |
| 861 Digital China Holdings | HK$3.31 | 5.8% +HK$301.2m | 26.8% | PS0.3x | |
| 354 Chinasoft International | HK$3.73 | 2.2% +HK$183.0m | -32.3% | PE13.2x | |
| 2416 Edianyun | HK$1.27 | 13.4% +HK$86.9m | -81.6% | PS0.5x | |
| 1037 Maxnerva Technology Services | HK$0.32 | 28.6% +HK$49.1m | 52.2% | PS0.3x |
