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Hong Kong (HSI) Semiconductors Industry Analysis

UpdatedFeb 02, 2026
DataAggregated Company Financials
Companies24
  • 7D-2.4%
  • 3M7.1%
  • 1Y96.9%
  • YTD6.8%

Over the last 7 days, the Semiconductors industry has dropped 2.4%, driven by Semiconductor Manufacturing International declining 4.4%. Over the past 12 months, the industry was up 97%. Looking forward, earnings are forecast to grow by 33% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 02 Feb 2026HK$1.3tHK$176.1b-HK$4,711,993,458.7324.7x-277.5x7.4x
Wed, 31 Dec 2025HK$1.2tHK$174.4b-HK$3,417,555,076.4924.1x-340.5x6.7x
Fri, 28 Nov 2025HK$1.1tHK$172.8b-HK$2,831,120,376.0226.9x-376.4x6.2x
Sun, 26 Oct 2025HK$1.2tHK$168.6b-HK$3,441,459,053.4625.6x-355.2x7.3x
Tue, 23 Sep 2025HK$1.1tHK$168.7b-HK$3,452,543,994.6924.6x-330.8x6.8x
Thu, 21 Aug 2025HK$875.9bHK$174.2bHK$41.0m28.3x21362.3x5x
Sat, 19 Jul 2025HK$767.3bHK$172.7bHK$1.4b23.8x529.5x4.4x
Mon, 16 Jun 2025HK$672.6bHK$172.7bHK$1.4b25.3x484.5x3.9x
Wed, 14 May 2025HK$698.9bHK$171.5bHK$1.4b23.3x502x4.1x
Fri, 11 Apr 2025HK$702.2bHK$165.6bHK$1.5b21.8x458.4x4.2x
Sun, 09 Mar 2025HK$845.3bHK$173.7bHK$3.3b20.5x256.8x4.9x
Tue, 04 Feb 2025HK$710.5bHK$178.5bHK$7.5b12x94.2x4x
Thu, 02 Jan 2025HK$637.2bHK$177.7bHK$7.6b11.7x84.3x3.6x
Sat, 30 Nov 2024HK$594.9bHK$177.7bHK$8.6b13.4x69.3x3.3x
Mon, 28 Oct 2024HK$649.3bHK$177.4bHK$9.2b12.7x70.3x3.7x
Wed, 25 Sep 2024HK$391.2bHK$178.4bHK$9.2b9.7x42.3x2.2x
Fri, 23 Aug 2024HK$405.3bHK$192.6bHK$17.4b9.7x23.4x2.1x
Sun, 21 Jul 2024HK$449.3bHK$190.0bHK$19.2b11.5x23.4x2.4x
Tue, 18 Jun 2024HK$459.4bHK$190.1bHK$19.2b12.7x23.9x2.4x
Thu, 16 May 2024HK$448.5bHK$190.2bHK$19.3b12.6x23.3x2.4x
Sat, 13 Apr 2024HK$428.0bHK$189.8bHK$21.5b11.6x19.9x2.3x
Mon, 11 Mar 2024HK$464.3bHK$198.7bHK$36.5b13.1x12.7x2.3x
Wed, 07 Feb 2024HK$392.5bHK$198.3bHK$37.2b8.9x10.6x2x
Fri, 05 Jan 2024HK$446.9bHK$197.2bHK$37.3b10.7x12x2.3x
Sun, 03 Dec 2023HK$472.4bHK$197.0bHK$37.3b10.4x12.7x2.4x
Tue, 31 Oct 2023HK$504.2bHK$195.5bHK$40.2b10.1x12.5x2.6x
Thu, 28 Sep 2023HK$478.8bHK$196.6bHK$40.8b11.2x11.7x2.4x
Sat, 26 Aug 2023HK$483.0bHK$188.4bHK$42.5b9.9x11.4x2.6x
Mon, 24 Jul 2023HK$518.8bHK$190.7bHK$44.8b9.9x11.6x2.7x
Wed, 21 Jun 2023HK$567.7bHK$190.9bHK$44.9b10.4x12.7x3x
Fri, 19 May 2023HK$544.7bHK$192.4bHK$44.9b10.3x12.1x2.8x
Sun, 16 Apr 2023HK$625.9bHK$196.4bHK$46.7b11.1x13.4x3.2x
Tue, 14 Mar 2023HK$531.0bHK$182.2bHK$40.0b9.1x13.3x2.9x
Thu, 09 Feb 2023HK$556.6bHK$181.9bHK$40.7b8.4x13.7x3.1x
Price to Earnings Ratio

13.7x


Total Market Cap: HK$556.6bTotal Earnings: HK$40.7bTotal Revenue: HK$181.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Hong Kong Semiconductors Industry Price to Earnings3Y Average 403.4x202420252026
Current Industry PE
  • Investors are optimistic on the Hong Kong Semiconductor industry, and appear confident in long term growth rates.
  • The 3-year average PS ratio of 3.6x is lower than the industry's current PS ratio of 7.4x.
Past Earnings Growth
  • Total earnings for the Semiconductor industry have declined over the last three years, with the industry now making a loss overall.
  • Meanwhile revenues have remained mostly flat.
  • This means that although sales have remained flat, 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 Market2.21%
Tech-0.92%
Semiconductors-2.37%
Semiconductors-1.97%
Semiconductor Equipment-4.94%
Industry PE
  • Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 115x.
    • Analysts are expecting annual earnings growth of 28.2%, which is higher than its past year's earnings decline of 4.2% per year.
Forecasted Growth
  • Analysts are most optimistic on the Semiconductor Equipment industry, expecting annual earnings growth of 72% over the next 5 years.
  • This is better than its past earnings decline of 59% per year.
  • In contrast, the Semiconductors industry is expected to see its earnings grow by 28% 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
1385 Shanghai Fudan Microelectronics GroupHK$48.841.7%
+HK$659.0m		240.6%PE75.3x
1679 Risecomm Group HoldingsHK$0.597.3%
+HK$8.6m		-30.6%PS0.8x
712 Comtec Solar Systems GroupHK$0.131.6%
+HK$2.1m		40.4%PS0.5x
8490 Niche-Tech Semiconductor MaterialsHK$0.120.8%
+HK$705.5k		-24.4%PS0.5x

Latest News

712
HK$0.13
Comtec Solar Systems Group
7D
1.6%
1Y
40.4%

A Piece Of The Puzzle Missing From Comtec Solar Systems Group Limited's (HKG:712) 29% Share Price Climb

Jan 29
A Piece Of The Puzzle Missing From Comtec Solar Systems Group Limited's (HKG:712) 29% Share Price Climb
1347
HK$103.40
Hua Hong Semiconductor
7D
-7.0%
1Y
351.5%
6865
HK$10.49
Flat Glass Group
7D
-8.1%
1Y
-5.8%

Flat Glass Group (HKG:6865) Will Want To Turn Around Its Return Trends

Jan 26
Flat Glass Group (HKG:6865) Will Want To Turn Around Its Return Trends
522
HK$99.85
ASMPT
7D
-2.9%
1Y
36.1%

522: Reset To Hold Rating Will Support Future Share Repricing

Analysts lifted their fair value estimate for ASMPT from about HK$99.69 to roughly HK$130.91, with the higher price target of HK$90 cited in recent research reflecting revised assumptions on discount rate, revenue growth, profit margin, and future P/E. Analyst Commentary Bullish Takeaways Bullish analysts highlight that the fair value estimate of roughly HK$130.91 sits well above the cited HK$90 price target.
1679
HK$0.59
Risecomm Group Holdings
7D
7.3%
1Y
-30.6%

Risecomm Group Holdings Limited (HKG:1679) Stock Catapults 40% Though Its Price And Business Still Lag The Industry

Jan 23
Risecomm Group Holdings Limited (HKG:1679) Stock Catapults 40% Though Its Price And Business Still Lag The Industry
1385
HK$48.84
Shanghai Fudan Microelectronics Group
7D
1.7%
1Y
240.6%
981
HK$72.20
Semiconductor Manufacturing International
7D
-4.4%
1Y
72.3%

981: Flat Revenue Outlook And Stable Margins Will Support Fair Balance

Analysts have made a modest upward adjustment to their price target for Semiconductor Manufacturing International, reflecting fine tuned views on fair value, discount rate, growth, profit margin and future P/E assumptions. What's in the News Issued earnings guidance for fourth quarter 2025, with management indicating revenue is expected to be flat to up 2% quarter on quarter (Key Developments).
8490
HK$0.12
Niche-Tech Semiconductor Materials
7D
0.8%
1Y
-24.4%

Insufficient Growth At Niche-Tech Semiconductor Materials Limited (HKG:8490) Hampers Share Price

Jan 08
Insufficient Growth At Niche-Tech Semiconductor Materials Limited (HKG:8490) Hampers Share Price
9903
HK$172.80
Shanghai Iluvatar CoreX Semiconductor
7D
-8.2%
1Y
n/a
6082
HK$32.80
Shanghai Biren Technology
7D
-4.3%
1Y
n/a
2577
HK$54.00
InnoScience (Suzhou) Technology Holding
7D
-10.7%
1Y
31.9%
3800
HK$1.04
GCL Technology Holdings
7D
-8.0%
1Y
-14.0%

What You Can Learn From GCL Technology Holdings Limited's (HKG:3800) P/S After Its 26% Share Price Crash

Dec 11
What You Can Learn From GCL Technology Holdings Limited's (HKG:3800) P/S After Its 26% Share Price Crash