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Hong Kong (HSI) Semiconductors Industry Analysis

UpdatedJul 01, 2025
DataAggregated Company Financials
Companies21
  • 7D7.4%
  • 3M0.1%
  • 1Y70.2%
  • YTD35.3%

In the last week, the Semiconductors industry is up 7.4%, with Semiconductor Manufacturing International up 8.2%. In the same time, China Electronics Huada Technology was down 12%. This takes the industry's 12 month performance to a gain of 70%. As for the next few years, earnings are expected to grow by 30% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 02 Jul 2025HK$733.1bHK$172.8bHK$1.4b24.5x508.7x4.2x
Fri, 30 May 2025HK$686.4bHK$172.5bHK$1.4b22.2x493.6x4x
Sun, 27 Apr 2025HK$716.7bHK$167.2bHK$1.6b22.1x456x4.3x
Tue, 25 Mar 2025HK$772.3bHK$172.4bHK$3.1b27.9x247.4x4.5x
Thu, 20 Feb 2025HK$787.4bHK$178.6bHK$7.1b13.3x111.3x4.4x
Sat, 18 Jan 2025HK$716.5bHK$177.8bHK$7.6b12.1x94.6x4x
Mon, 16 Dec 2024HK$566.6bHK$177.3bHK$8.6b12.8x65.9x3.2x
Wed, 13 Nov 2024HK$636.5bHK$177.8bHK$8.6b13.3x74x3.6x
Fri, 11 Oct 2024HK$556.7bHK$177.8bHK$9.2b11.6x60.3x3.1x
Sun, 08 Sep 2024HK$394.8bHK$178.2bHK$9.3b9.6x42.6x2.2x
Tue, 06 Aug 2024HK$395.4bHK$191.0bHK$19.7b10.1x20.1x2.1x
Thu, 04 Jul 2024HK$429.3bHK$190.0bHK$19.2b11.4x22.4x2.3x
Sat, 01 Jun 2024HK$448.5bHK$190.4bHK$19.3b11.9x23.3x2.4x
Mon, 29 Apr 2024HK$428.1bHK$188.8bHK$21.3b11.3x20.1x2.3x
Wed, 27 Mar 2024HK$452.1bHK$189.2bHK$22.7b12.3x19.9x2.4x
Fri, 23 Feb 2024HK$405.3bHK$195.9bHK$36.0b10.8x11.3x2.1x
Sun, 21 Jan 2024HK$414.8bHK$197.4bHK$37.3b9.6x11.1x2.1x
Tue, 19 Dec 2023HK$456.2bHK$196.7bHK$37.2b9.9x12.3x2.3x
Thu, 16 Nov 2023HK$499.8bHK$195.8bHK$37.0b11.9x13.5x2.6x
Sat, 14 Oct 2023HK$494.1bHK$196.7bHK$40.9b10.1x12.1x2.5x
Mon, 11 Sep 2023HK$501.1bHK$196.6bHK$40.8b12.3x12.3x2.5x
Wed, 09 Aug 2023HK$530.4bHK$191.2bHK$43.5b10.3x12.2x2.8x
Fri, 07 Jul 2023HK$541.5bHK$190.1bHK$44.6b10.1x12.1x2.8x
Sun, 04 Jun 2023HK$535.5bHK$192.1bHK$45.2b10.2x11.8x2.8x
Tue, 02 May 2023HK$584.9bHK$196.7bHK$46.7b11.6x12.5x3x
Thu, 30 Mar 2023HK$560.1bHK$514.6bHK$120.0b8.1x4.7x1.1x
Sat, 25 Feb 2023HK$540.4bHK$180.6bHK$40.4b8.6x13.4x3x
Mon, 23 Jan 2023HK$569.1bHK$181.5bHK$40.6b8.2x14x3.1x
Wed, 21 Dec 2022HK$507.1bHK$179.3bHK$40.0b7.1x12.7x2.8x
Fri, 18 Nov 2022HK$547.9bHK$179.0bHK$40.4b6.5x13.6x3.1x
Sun, 16 Oct 2022HK$483.2bHK$172.9bHK$38.9b6x12.4x2.8x
Tue, 13 Sep 2022HK$560.1bHK$175.0bHK$39.4b8.7x14.2x3.2x
Thu, 11 Aug 2022HK$540.4bHK$158.7bHK$34.9b11x15.5x3.4x
Sat, 09 Jul 2022HK$555.9bHK$157.3bHK$36.0b11x15.5x3.5x
Price to Earnings Ratio

15.5x


Total Market Cap: HK$555.9bTotal Earnings: HK$36.0bTotal Revenue: HK$157.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Hong Kong Semiconductors Industry Price to Earnings3Y Average 75.6x202320242025
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 509x which is higher than its 3-year average PE of 75.2x.
  • The 3-year average PS ratio of 3.0x is lower than the industry's current PS ratio of 4.2x.
Past Earnings Growth
  • The earnings for companies in the Semiconductor industry have declined 66% per year over the last three years.
  • Meanwhile revenues for these companies have grown 3.2% 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 Market0.98%
Tech7.31%
Semiconductors7.39%
Semiconductor Equipment11.33%
Semiconductors6.72%
Industry PE
  • Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 43.7x.
    • Analysts are expecting annual earnings growth of 25.1%, which is higher than its past year's earnings decline of 19.5% per year.
Forecasted Growth
  • Analysts are most optimistic on the Semiconductor Equipment industry, expecting annual earnings growth of 59% over the next 5 years.
  • This is better than its past earnings decline of 73% per year.
  • In contrast, the Semiconductors industry is expected to see its earnings grow by 25% 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$44.707.2%
+HK$24.0b
162.0%PE74.7x
3800 GCL Technology HoldingsHK$1.0013.6%
+HK$3.4b
-9.9%PS1.7x
6865 Flat Glass GroupHK$8.8110.7%
+HK$2.0b
-18.6%PE53.2x
2577 InnoScience (Suzhou) Technology HoldingHK$37.253.8%
+HK$1.2b
n/aPS36.1x
968 Xinyi Solar HoldingsHK$2.495.5%
+HK$1.2b
-32.9%PE20.5x

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