Narrative Update • Jun 02
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Hong Kong (HSI) Semiconductors Industry Analysis
UpdatedJun 07, 2026
DataAggregated Company Financials
Companies17
- 7D-8.5%
- 3M26.6%
- 1Y108.7%
- YTDn/a
Over the last 7 days, the Semiconductors industry has dropped 8.5%, driven by a pullback from Semiconductor Manufacturing International of 7.3%. This takes the industry's 12 month performance to a gain of 109%. Earnings are forecast to grow by 34% 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 |
|---|---|---|---|---|---|---|
| Mon, 08 Jun 2026 | HK$1.3t | HK$110.8b | HK$2.4b | 22.4x | 533.9x | 11.7x |
| Wed, 06 May 2026 | HK$1.2t | HK$107.7b | HK$2.3b | 25.3x | 542.1x | 11.3x |
| Fri, 03 Apr 2026 | HK$902.3b | HK$111.4b | HK$2.6b | 28.9x | 351.8x | 8.1x |
| Sun, 01 Mar 2026 | HK$1.1t | HK$103.5b | HK$1.5b | 16.4x | 720.7x | 10.5x |
| Tue, 27 Jan 2026 | HK$1.1t | HK$102.1b | HK$1.5b | 17.9x | 752.8x | 11.1x |
| Thu, 25 Dec 2025 | HK$995.7b | HK$101.6b | HK$2.2b | 17.1x | 453.1x | 9.8x |
| Sat, 22 Nov 2025 | HK$933.1b | HK$101.1b | HK$2.6b | 21.4x | 353.7x | 9.2x |
| Mon, 20 Oct 2025 | HK$965.8b | HK$98.2b | HK$2.4b | 23.9x | 403.8x | 9.8x |
| Wed, 17 Sep 2025 | HK$879.4b | HK$98.4b | HK$2.4b | 23.1x | 366.7x | 8.9x |
| Fri, 15 Aug 2025 | HK$733.3b | HK$98.8b | HK$4.9b | 22.7x | 148.8x | 7.4x |
| Sun, 13 Jul 2025 | HK$628.4b | HK$95.9b | HK$5.2b | 22.8x | 121.5x | 6.6x |
| Tue, 10 Jun 2025 | HK$592.7b | HK$96.0b | HK$5.1b | 22.2x | 116x | 6.2x |
| Thu, 08 May 2025 | HK$630.0b | HK$90.4b | HK$4.4b | 23.7x | 144.2x | 7x |
| Sat, 05 Apr 2025 | HK$612.4b | HK$90.5b | HK$4.4b | 23.1x | 139x | 6.8x |
| Mon, 03 Mar 2025 | HK$683.0b | HK$86.2b | HK$4.4b | 26.8x | 154.3x | 7.9x |
| Wed, 29 Jan 2025 | HK$545.6b | HK$85.6b | HK$4.8b | 22.3x | 113.2x | 6.4x |
| Fri, 27 Dec 2024 | HK$467.2b | HK$84.7b | HK$5.9b | 24x | 79.3x | 5.5x |
| Sun, 24 Nov 2024 | HK$422.0b | HK$84.8b | HK$5.9b | 21.6x | 71.9x | 5x |
| Tue, 22 Oct 2024 | HK$481.7b | HK$81.1b | HK$5.4b | 20.8x | 89.9x | 5.9x |
| Thu, 19 Sep 2024 | HK$243.7b | HK$81.3b | HK$5.4b | 11.5x | 45.3x | 3x |
| Sat, 17 Aug 2024 | HK$283.8b | HK$81.8b | HK$5.7b | 12.1x | 49.4x | 3.5x |
| Mon, 15 Jul 2024 | HK$287.4b | HK$80.4b | HK$8.1b | 12.2x | 35.3x | 3.6x |
| Wed, 12 Jun 2024 | HK$286.6b | HK$80.3b | HK$8.2b | 13.9x | 35.1x | 3.6x |
| Fri, 10 May 2024 | HK$256.9b | HK$79.4b | HK$10.4b | 13.4x | 24.7x | 3.2x |
| Sun, 07 Apr 2024 | HK$245.8b | HK$79.5b | HK$10.5b | 11.7x | 23.4x | 3.1x |
| Tue, 05 Mar 2024 | HK$277.5b | HK$79.4b | HK$12.2b | 12.3x | 22.7x | 3.5x |
| Thu, 01 Feb 2024 | HK$234.9b | HK$80.5b | HK$13.7b | 7.9x | 17.2x | 2.9x |
| Sat, 30 Dec 2023 | HK$298.0b | HK$80.0b | HK$13.5b | 10.3x | 22x | 3.7x |
| Mon, 27 Nov 2023 | HK$313.8b | HK$79.8b | HK$13.6b | 9.9x | 23.1x | 3.9x |
| Wed, 25 Oct 2023 | HK$308.4b | HK$82.8b | HK$17.4b | 8.5x | 17.7x | 3.7x |
| Fri, 22 Sep 2023 | HK$287.2b | HK$82.8b | HK$17.4b | 9.1x | 16.5x | 3.5x |
| Sun, 20 Aug 2023 | HK$279.9b | HK$82.4b | HK$17.1b | 8.7x | 16.4x | 3.4x |
| Tue, 18 Jul 2023 | HK$306.9b | HK$85.2b | HK$18.1b | 9.4x | 16.9x | 3.6x |
| Thu, 15 Jun 2023 | HK$335.1b | HK$85.4b | HK$18.2b | 9x | 18.5x | 3.9x |
Price to Earnings Ratio
18.5x
Current Industry PE
- Investors are optimistic on the Hong Kong Semiconductors industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 534x which is higher than its 3-year average PE of 179x.
- The 3-year average PS ratio of 6.1x is lower than the industry's current PS ratio of 11.7x.
Past Earnings Growth
- The earnings for companies in the Semiconductors industry have declined 49% per year over the last three years.
- Meanwhile revenues for these companies have grown 9.1% 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 Comparison
How does Hong Kong Semiconductors compare with similar industries?
| HK Market | -0.88% | |
| Tech | -3.92% | |
| Semiconductors | -8.25% | |
| Semiconductors | -8.47% | |
| Semiconductor Equipment | -6.89% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 2577 InnoScience (Suzhou) Technology Holding | HK$71.55 | 0.7% +HK$456.6m | 106.8% | PS46.5x | |
| 1679 Risecomm Group Holdings | HK$1.73 | 78.4% +HK$164.0m | 166.2% | PS3.5x | |
| 600 Axera Semiconductor | HK$18.53 | 0.7% +HK$76.6m | n/a | PS16.8x | |
| 85 China Electronics Huada Technology | HK$1.19 | 1.7% +HK$40.6m | -20.1% | PE10.3x | |
| 8490 Niche-Tech Semiconductor Materials | HK$0.20 | 14.7% +HK$17.6m | 58.5% | PS0.9x |