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Hong Kong (HSI) Semiconductors Industry Analysis

UpdatedJan 17, 2025
DataAggregated Company Financials
Companies23
  • 7D10.8%
  • 3M10.0%
  • 1Y57.1%
  • YTD18.5%

Over the last 7 days, the Semiconductors industry has risen 14%, driven by gains from Semiconductor Manufacturing International of 14%. During this same period, the ASMPT underperformed, falling 5.6%. This means that the industry has gained 64% over the past year. As for the next few years, earnings are expected to grow by 28% per annum.

Industry Valuation and Performance

Has the Hong Kong Semiconductors Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 17 Jan 2025HK$681.2bHK$177.8bHK$7.6b12.3x89.9x3.8x
Sun, 15 Dec 2024HK$566.6bHK$177.3bHK$8.6b12.8x65.9x3.2x
Tue, 12 Nov 2024HK$668.9bHK$178.0bHK$8.6b13.8x77.9x3.8x
Thu, 10 Oct 2024HK$592.6bHK$177.9bHK$9.2b13x64.2x3.3x
Sat, 07 Sep 2024HK$394.8bHK$178.2bHK$9.3b9.6x42.6x2.2x
Mon, 05 Aug 2024HK$409.5bHK$191.1bHK$19.7b10.1x20.8x2.1x
Wed, 03 Jul 2024HK$424.7bHK$190.1bHK$19.2b11.1x22.1x2.2x
Fri, 31 May 2024HK$459.8bHK$190.3bHK$19.3b12.3x23.9x2.4x
Sun, 28 Apr 2024HK$428.1bHK$188.8bHK$21.3b11.3x20.1x2.3x
Tue, 26 Mar 2024HK$454.5bHK$189.2bHK$22.7b12.5x20x2.4x
Thu, 22 Feb 2024HK$399.2bHK$195.9bHK$36.0b10.7x11.1x2x
Sat, 20 Jan 2024HK$414.1bHK$197.8bHK$37.4b9.6x11.1x2.1x
Mon, 18 Dec 2023HK$464.3bHK$197.0bHK$37.3b10x12.4x2.4x
Wed, 15 Nov 2023HK$492.3bHK$195.3bHK$36.9b11.5x13.4x2.5x
Fri, 13 Oct 2023HK$501.0bHK$196.7bHK$40.9b10.4x12.3x2.5x
Sun, 10 Sep 2023HK$501.1bHK$196.6bHK$40.8b12.3x12.3x2.5x
Tue, 08 Aug 2023HK$523.4bHK$191.4bHK$43.6b10.2x12x2.7x
Thu, 06 Jul 2023HK$552.1bHK$190.2bHK$44.7b10.1x12.4x2.9x
Sat, 03 Jun 2023HK$534.9bHK$192.3bHK$45.3b10.2x11.8x2.8x
Mon, 01 May 2023HK$584.8bHK$196.7bHK$46.7b11.6x12.5x3x
Wed, 29 Mar 2023HK$549.7bHK$184.3bHK$40.2b9.9x13.7x3x
Fri, 24 Feb 2023HK$539.4bHK$180.9bHK$40.4b8.4x13.3x3x
Sun, 22 Jan 2023HK$569.1bHK$181.5bHK$40.6b8.2x14x3.1x
Tue, 20 Dec 2022HK$515.9bHK$179.1bHK$40.0b7.1x12.9x2.9x
Thu, 17 Nov 2022HK$559.8bHK$179.3bHK$40.5b6.7x13.8x3.1x
Sat, 15 Oct 2022HK$483.7bHK$173.0bHK$39.0b6x12.4x2.8x
Mon, 12 Sep 2022HK$560.1bHK$175.0bHK$39.4b8.7x14.2x3.2x
Wed, 10 Aug 2022HK$550.6bHK$158.7bHK$34.9b11.2x15.8x3.5x
Fri, 08 Jul 2022HK$551.9bHK$157.2bHK$36.0b11.1x15.3x3.5x
Sun, 05 Jun 2022HK$563.4bHK$165.3bHK$36.4b11x15.5x3.4x
Tue, 03 May 2022HK$532.2bHK$157.6bHK$33.6b10.9x15.8x3.4x
Thu, 31 Mar 2022HK$588.4bHK$150.6bHK$30.9b12.4x19x3.9x
Sat, 26 Feb 2022HK$598.2bHK$143.0bHK$23.5b16.7x25.5x4.2x
Mon, 24 Jan 2022HK$590.7bHK$138.7bHK$22.3b16.2x26.5x4.3x
Price to Earnings Ratio

26.5x


Total Market Cap: HK$590.7bTotal Earnings: HK$22.3bTotal Revenue: HK$138.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Hong Kong Semiconductors Industry Price to Earnings3Y Average 21.9x202320242025
Current Industry PE
  • Investors are optimistic on the Hong Kong Semiconductor industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 90.7x which is higher than its 3-year average PE of 21.8x.
  • The 3-year average PS ratio of 2.9x is lower than the industry's current PS ratio of 3.9x.
Past Earnings Growth
  • The earnings for companies in the Semiconductor industry have declined 30% per year over the last three years.
  • Meanwhile revenues for these companies have grown 8.6% 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 Trends

Which industries have driven the changes within the Hong Kong Tech industry?

HK Market1.10%
Tech2.95%
Semiconductors10.78%
Semiconductors13.79%
Semiconductor Equipment0.87%
Industry PE
  • Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 26.1x.
    • Analysts are expecting annual earnings growth of 24.0%, which is higher than its past year's earnings decline of 49.7% per year.
  • Investors are most pessimistic about the Semiconductor Equipment industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 18.2x.
Forecasted Growth
  • Analysts are most optimistic on the Semiconductor Equipment industry, expecting annual earnings growth of 41% over the next 5 years.
  • This is better than its past earnings decline of 17% per year.
  • In contrast, the Semiconductors industry is expected to see its earnings grow by 24% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
981 Semiconductor Manufacturing InternationalHK$36.0014.5%
+HK$36.3b
127.3%PE65.9x
2577 InnoScience (Suzhou) Technology HoldingHK$39.0518.0%
+HK$5.2b
n/aPS48.2x
1347 Hua Hong SemiconductorHK$23.2513.1%
+HK$4.6b
29.7%PE43.2x
3800 GCL Technology HoldingsHK$1.187.3%
+HK$2.3b
8.3%PS1.5x
968 Xinyi Solar HoldingsHK$3.282.5%
+HK$726.3m
-17.4%PE6.3x
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Latest News

968

HK$3.28

Xinyi Solar Holdings

7D

2.5%

1Y

-17.4%

3800

HK$1.18

GCL Technology Holdings

7D

7.3%

1Y

8.3%

981

HK$36.00

Semiconductor Manufacturing International

7D

14.5%

1Y

127.3%

2533

HK$26.45

Black Sesame International Holding

7D

-1.9%

1Y

n/a

6908

HK$0.67

HG Semiconductor

7D

24.1%

1Y

34.0%

1347

HK$23.25

Hua Hong Semiconductor

7D

13.1%

1Y

29.7%

2577

HK$39.05

InnoScience (Suzhou) Technology Holding

7D

18.0%

1Y

n/a

1385

HK$14.32

Shanghai Fudan Microelectronics Group

7D

2.0%

1Y

23.0%

2149

HK$27.60

BaTeLab

7D

7.0%

1Y

38.3%

757

HK$0.083

Solargiga Energy Holdings

7D

-1.2%

1Y

-47.1%