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Hong Kong (HSI) Semiconductors Industry Analysis
UpdatedSep 19, 2025
DataAggregated Company Financials
Companies22
- 7D7.7%
- 3M72.6%
- 1Y193.7%
- YTD110.5%
The Semiconductors industry is up 7.7% in the last week, with Semiconductor Manufacturing International up 9.7%. During this same period, the InnoScience (Suzhou) Technology Holding underperformed, falling 5.0%. This means that the industry has gained 194% over the past year. Looking forward, earnings are forecast to grow by 37% annually.
Industry Valuation and Performance
Has the Hong Kong Semiconductors Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 19 Sep 2025 | HK$1.1t | HK$168.9b | -HK$3,463,179,352.67 | 25.1x | -317.8x | 6.5x |
| Sun, 17 Aug 2025 | HK$897.8b | HK$174.4b | HK$44.3m | 28.5x | 20264.1x | 5.1x |
| Tue, 15 Jul 2025 | HK$758.0b | HK$172.8b | HK$1.4b | 24.8x | 525.2x | 4.4x |
| Thu, 12 Jun 2025 | HK$690.1b | HK$172.7b | HK$1.4b | 24.2x | 496.1x | 4x |
| Sat, 10 May 2025 | HK$694.0b | HK$170.1b | HK$1.6b | 23.5x | 425.5x | 4.1x |
| Mon, 07 Apr 2025 | HK$729.0b | HK$166.1b | HK$1.5b | 23.1x | 485x | 4.4x |
| Wed, 05 Mar 2025 | HK$814.8b | HK$173.5b | HK$3.3b | 20.7x | 246.5x | 4.7x |
| Fri, 31 Jan 2025 | HK$685.8b | HK$178.5b | HK$7.5b | 12.4x | 90.9x | 3.8x |
| Sun, 29 Dec 2024 | HK$643.7b | HK$177.6b | HK$7.6b | 11.6x | 85.2x | 3.6x |
| Tue, 26 Nov 2024 | HK$566.6b | HK$177.6b | HK$8.6b | 12.5x | 66x | 3.2x |
| Thu, 24 Oct 2024 | HK$631.8b | HK$177.3b | HK$9.2b | 13x | 68.4x | 3.6x |
| Sat, 21 Sep 2024 | HK$376.1b | HK$178.4b | HK$9.2b | 9.9x | 40.7x | 2.1x |
| Mon, 19 Aug 2024 | HK$422.8b | HK$192.3b | HK$17.3b | 10.7x | 24.4x | 2.2x |
| Wed, 17 Jul 2024 | HK$450.2b | HK$190.0b | HK$19.2b | 12x | 23.5x | 2.4x |
| Fri, 14 Jun 2024 | HK$461.1b | HK$190.1b | HK$19.2b | 12.4x | 24x | 2.4x |
| Sun, 12 May 2024 | HK$449.2b | HK$190.2b | HK$19.3b | 12.8x | 23.3x | 2.4x |
| Tue, 09 Apr 2024 | HK$440.9b | HK$189.9b | HK$21.5b | 11.9x | 20.5x | 2.3x |
| Thu, 07 Mar 2024 | HK$447.1b | HK$198.6b | HK$36.5b | 11.3x | 12.3x | 2.3x |
| Sat, 03 Feb 2024 | HK$371.0b | HK$198.4b | HK$37.2b | 8.7x | 10x | 1.9x |
| Mon, 01 Jan 2024 | HK$469.4b | HK$197.8b | HK$37.4b | 10.9x | 12.5x | 2.4x |
| Wed, 29 Nov 2023 | HK$489.2b | HK$196.5b | HK$37.2b | 10.5x | 13.2x | 2.5x |
| Fri, 27 Oct 2023 | HK$471.4b | HK$195.4b | HK$40.2b | 9.7x | 11.7x | 2.4x |
| Sun, 24 Sep 2023 | HK$480.4b | HK$196.7b | HK$40.9b | 11.3x | 11.8x | 2.4x |
| Tue, 22 Aug 2023 | HK$490.2b | HK$188.1b | HK$42.4b | 9.8x | 11.6x | 2.6x |
| Thu, 20 Jul 2023 | HK$528.3b | HK$190.2b | HK$44.7b | 10.1x | 11.8x | 2.8x |
| Sat, 17 Jun 2023 | HK$584.5b | HK$191.5b | HK$45.1b | 10.4x | 13x | 3.1x |
| Mon, 15 May 2023 | HK$527.7b | HK$193.9b | HK$45.3b | 10.3x | 11.6x | 2.7x |
| Wed, 12 Apr 2023 | HK$608.3b | HK$196.2b | HK$46.6b | 10.8x | 13x | 3.1x |
| Fri, 10 Mar 2023 | HK$538.9b | HK$181.4b | HK$39.8b | 9.3x | 13.5x | 3x |
| Sun, 05 Feb 2023 | HK$575.0b | HK$182.0b | HK$40.7b | 8.6x | 14.1x | 3.2x |
| Tue, 03 Jan 2023 | HK$513.4b | HK$180.1b | HK$40.3b | 7.7x | 12.8x | 2.9x |
| Thu, 01 Dec 2022 | HK$530.9b | HK$178.2b | HK$40.2b | 7.1x | 13.2x | 3x |
| Sat, 29 Oct 2022 | HK$499.3b | HK$172.7b | HK$38.5b | 5.8x | 13x | 2.9x |
| Mon, 26 Sep 2022 | HK$513.6b | HK$173.4b | HK$39.0b | 7.4x | 13.2x | 3x |
Price to Earnings Ratio
13.2x
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 3.1x is lower than the industry's current PS ratio of 6.5x.
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 Market | -0.43% | |
| Tech | 4.51% | |
| Semiconductors | 7.71% | |
| Semiconductors | 8.71% | |
| Semiconductor Equipment | 1.50% | |
Industry PE
- Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 56.6x.
- Analysts are expecting annual earnings growth of 31.0%, which is higher than its past year's earnings decline of 6.0% per year.
Forecasted Growth
- Analysts are most optimistic on the Semiconductor Equipment industry, expecting annual earnings growth of 76% over the next 5 years.
- This is better than its past earnings decline of 37% per year.
- In contrast, the Semiconductors industry is expected to see its earnings grow by 31% 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 | |
|---|---|---|---|---|---|
| 981 Semiconductor Manufacturing International | HK$69.50 | 9.7% +HK$50.0b | 332.8% | PE123.9x | |
| 1347 Hua Hong Semiconductor | HK$57.95 | 15.4% +HK$13.4b | 260.8% | PE406.7x | |
| 1385 Shanghai Fudan Microelectronics Group | HK$40.22 | 9.1% +HK$2.7b | 320.7% | PE72.2x | |
| 522 ASMPT | HK$76.45 | 7.7% +HK$2.3b | -3.2% | PE129.9x | |
| 2533 Black Sesame International Holding | HK$19.96 | 10.2% +HK$1.2b | -7.2% | PS21.3x |
