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

Investors are pessimistic on the Hong Kong Semiconductors industry, indicating that they anticipate long term growth rates will be lower than they have historically. The industry is trading at a PE ratio of 12.2x which is lower than its 3-year average PE of 35.5x. The 3-year average PS ratio of 4.2x is higher than the industry's current PS ratio of 3.2x.

How does Hong Kong Semiconductors compare with similar industries?

There is insufficient data on the sub-industries of this industry.

Hong Kong (HSI) Semiconductors Industry Analysis

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Sat, 13 Aug 2022	HK$226.5b	HK$80.3b	HK$18.1b	11.7x	12.5x	2.8x
Mon, 11 Jul 2022	HK$226.8b	HK$73.8b	HK$19.1b	12.8x	11.9x	3.1x
Wed, 08 Jun 2022	HK$238.9b	HK$81.5b	HK$19.5b	13.4x	12.3x	2.9x
Fri, 06 May 2022	HK$223.7b	HK$73.5b	HK$16.7b	12.9x	13.4x	3x
Sun, 03 Apr 2022	HK$234.4b	HK$275.4b	HK$74.6b	17.1x	3.1x	0.9x
Tue, 01 Mar 2022	HK$256.3b	HK$65.9b	HK$12.5b	21.8x	20.5x	3.9x
Thu, 27 Jan 2022	HK$252.1b	HK$63.4b	HK$12.0b	19.7x	20.9x	4x
Sat, 25 Dec 2021	HK$258.7b	HK$63.4b	HK$12.1b	24.8x	21.4x	4.1x
Mon, 22 Nov 2021	HK$295.8b	HK$63.3b	HK$12.1b	25.3x	24.5x	4.7x
Wed, 20 Oct 2021	HK$398.0b	HK$68.2b	HK$14.0b	27.5x	28.4x	5.8x
Fri, 17 Sep 2021	HK$386.2b	HK$68.3b	HK$14.0b	27.4x	27.5x	5.7x
Sun, 15 Aug 2021	HK$418.2b	HK$68.1b	HK$13.9b	33.9x	30.2x	6.1x
Thu, 10 Jun 2021	HK$343.4b	HK$61.9b	HK$8.9b	27.8x	38.4x	5.5x
Wed, 03 Mar 2021	HK$354.4b	HK$56.9b	HK$7.1b	40.8x	49.7x	6.2x
Sat, 05 Dec 2020	HK$300.7b	HK$54.1b	HK$5.2b	42.4x	57.5x	5.6x
Tue, 08 Sep 2020	HK$291.8b	HK$51.3b	HK$4.5b	44.3x	64.8x	5.7x
Mon, 01 Jun 2020	HK$142.7b	HK$50.2b	HK$3.6b	17.8x	39.6x	2.8x
Thu, 05 Mar 2020	HK$134.1b	HK$48.6b	HK$3.2b	17.3x	41.6x	2.8x
Sun, 08 Dec 2019	HK$96.7b	HK$47.3b	HK$3.1b	12.3x	31.6x	2x
Sat, 31 Aug 2019	HK$91.0b	HK$47.2b	HK$2.2b	12.6x	41.3x	1.9x


HK Market	0.30%
Tech	-0.94%
Semiconductors	-3.80%
Semiconductors	-4.15%
Semiconductor Equipment	-3.53%

Company	Last Price	7D	1Y	Valuation
6908 HG Semiconductor	HK$4.49	22.0% +HK$456.5m	-41.9%	PS14.1x
6939 MEGAIN Holding (Cayman)	HK$1.05	8.2% +HK$41.5m	-28.6%	PE15x
1010 PacRay International Holdings	HK$0.68	4.6% +HK$11.1m	-77.5%	PS2.4x
91 Golden Century International Holdings Group	HK$0.16	1.3% +HK$8.9m	-21.0%	PS19.1x
2203 Brainhole Technology	HK$0.17	5.0% +HK$6.4m	-16.0%	PS0.4x

Aug 12

Semiconductor Manufacturing International Corporation Announces Board Changes

The board of directors of Semiconductor Manufacturing International Corporation announced that: Dr. Zhao Haijun ("Dr. Zhao"), has resigned as an executive director (the "Director") of the Company with effect from 11 August 2022 in order to focus on discharging his duties as the Co-Chief Executive Officer of the Company. Dr. Zhao will continue to serve as the Co-Chief Executive Officer of the Company after the aforementioned resignation. Dr. Zhao has confirmed that he has no disagreement with the Board and that there is no matter in relation to his resignation as an executive Director that needs to be brought to the attention of the shareholders of the Company. Mr. William Tudor Brown ("Mr. Brown") has resigned as an independent non-executive Director, the chairman of the compensation committee, a member of the audit committee, the nomination committee and the strategic committee of the Board with effect from 11 August 2022 due to other work commitments. Mr. Brown has confirmed that he has no disagreement with the Board and that there is no matter in relation to his resignation as an independent non-executive Director that needs to be brought to the attention of the shareholders of the Company. Academician Wu Hanming ("Academician Wu") has been appointed as a Class I independent non- executive Director, a member of the nomination committee and the strategic committee of the Board with effect from 11 August 2022. Academician Wu, aged 70, is an expert in microelectronics technology. In 2019, he was elected as an academician of the Chinese Academy of Engineering and is currently the dean of the School of Micro-Nano Electronics, Zhejiang University, the dean of the National Demonstration School of Microelectronics, University of Science and Technology of China, the chairman of Zhejiang ICsprout Semiconductor Co. Ltd., an independent director of Innotron Memory Co. Ltd., an independent director of BYD Semiconductor Company Limited, an independent director of Piotech Inc. and an independent director of NAURA Technology Group Co. Ltd. (listed on Shenzhen Stock Exchange: 002371). Academician Wu served as a senior engineer of Intel Corporation of the United States from September 1999 to August 2001, a technical director, vice president of the R&D department and consultant of Semiconductor Manufacturing International Corporation from August 2001 to October 2018, and an executive director of EtownIP Innovation Design Service Center (Ningbo) Co. Ltd. from October 2017 to February 2021. Academician Wu has been working in China's integrated circuit industry for a long time and has made outstanding contributions. Academician Wu has published 116 papers and has been granted 67 invention patents. Academician Wu was selected as the first "Beijing Scholar", and awarded the title of "the top 10 national outstanding scientists and engineers" and "national outstanding professional and technical talents", etc. He was also the chairman of the China Semiconductor Technology International Conference (CSTIC) conference. Academician Wu obtained his Ph.D. from the Institute of Mechanics, Chinese Academy of Sciences in 1987. Dr. Fan Ren Da Anthony, an independent non-executive Director, has been appointed as the chairman of the compensation committee of the Board with effect from 11 August 2022. Academician Liu Ming, an independent non-executive Director, has been appointed as a member of the audit committee of the Board with effect from 11 August 2022.

Hong Kong (HSI) Semiconductors Industry Analysis

Industry Valuation and Performance

Industry Comparison

Top Stock Gainers and Losers

Latest News

981

Semiconductor Manufacturing International Corporation Announces Board Changes

1347

Hua Hong Semiconductor Limited Provides Revenue Guidance for the Third Quarter of 2022

6939

Investors Could Be Concerned With MEGAIN Holding (Cayman)'s (HKG:6939) Returns On Capital

6908

HG Semiconductor Limited announced that it expects to receive HKD 96 million in funding from Profit Act Limited, and other investors

1385

Investor sentiment improved over the past week

243

Full year 2022 earnings released: EPS: HK$0.047 (vs HK$0.065 loss in FY 2021)

2878

Solomon Systech (International) Limited Provides Group Earnings Guidance for the Six Months Ended 30 June 2022

85

Upcoming dividend of HK$0.019 per share

712

Full year 2021 earnings released: CN¥0.068 loss per share (vs CN¥0.092 loss in FY 2020)

1679

Is Risecomm Group Holdings (HKG:1679) Using Too Much Debt?

1010

PacRay International Holdings Limited, Annual General Meeting, Jun 06, 2022

91

High number of new and inexperienced directors

2203

Insufficient new directors