Ming Yuan Cloud Group Holdings Limited's (HKG:909) 28% Share Price Surge Not Quite Adding Up
Feb 06
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Hong Kong (HSI) Software Industry Analysis
UpdatedFeb 06, 2025
DataAggregated Company Financials
Companies40
- 7D4.5%
- 3M6.5%
- 1Y54.5%
- YTD8.1%
The Software industry is up 4.5% in the last week, with Horizon Robotics up 22%. Meanwhile, GL-Carlink Technology Holding actually underperformed within the industry, shrinking 8.6% in the last week. This takes the industry's 12 month performance to a gain of 54%. As for the next few years, earnings are expected to grow by 55% per annum.
Industry Valuation and Performance
Has the Hong Kong Software Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 07 Feb 2025 | HK$221.7b | HK$59.1b | -HK$11,903,099,364.93 | 23.5x | -18.6x | 3.8x |
| Sun, 05 Jan 2025 | HK$202.4b | HK$58.4b | -HK$11,879,389,143.66 | 19.5x | -17x | 3.5x |
| Tue, 03 Dec 2024 | HK$205.8b | HK$63.3b | -HK$11,370,851,334.09 | 18.8x | -18.1x | 3.3x |
| Thu, 31 Oct 2024 | HK$183.1b | HK$64.2b | -HK$14,737,716,640.08 | 17.1x | -12.4x | 2.9x |
| Sat, 28 Sep 2024 | HK$173.5b | HK$63.6b | -HK$14,568,296,077.75 | 18x | -11.9x | 2.7x |
| Mon, 26 Aug 2024 | HK$141.1b | HK$60.7b | -HK$15,252,154,635.09 | 11x | -9.3x | 2.3x |
| Wed, 24 Jul 2024 | HK$127.5b | HK$58.4b | -HK$13,774,187,532.10 | 13.2x | -9.3x | 2.2x |
| Fri, 21 Jun 2024 | HK$145.7b | HK$58.5b | -HK$16,267,147,807.90 | 13.9x | -9x | 2.5x |
| Sun, 19 May 2024 | HK$155.4b | HK$58.4b | -HK$15,499,654,806.10 | 14x | -10x | 2.7x |
| Tue, 16 Apr 2024 | HK$114.9b | HK$58.5b | -HK$15,519,975,478.34 | 14x | -7.4x | 2x |
| Thu, 14 Mar 2024 | HK$114.9b | HK$54.8b | -HK$15,415,846,117.30 | 11.1x | -7.5x | 2.1x |
| Sat, 10 Feb 2024 | HK$101.5b | HK$55.3b | -HK$15,633,319,351.98 | 9.9x | -6.5x | 1.8x |
| Mon, 08 Jan 2024 | HK$151.2b | HK$63.4b | -HK$15,338,087,247.00 | 9x | -9.9x | 2.4x |
| Wed, 06 Dec 2023 | HK$146.5b | HK$63.4b | -HK$15,355,566,317.00 | 13.5x | -9.5x | 2.3x |
| Fri, 03 Nov 2023 | HK$136.9b | HK$61.4b | -HK$9,163,035,032.00 | 11.2x | -14.9x | 2.2x |
| Sun, 01 Oct 2023 | HK$135.0b | HK$53.3b | -HK$9,665,899,255.00 | 11.9x | -14x | 2.5x |
| Tue, 29 Aug 2023 | HK$157.4b | HK$50.7b | -HK$9,528,695,218.00 | 15.6x | -16.5x | 3.1x |
| Thu, 27 Jul 2023 | HK$167.6b | HK$50.6b | -HK$10,721,455,291.00 | 21.7x | -15.6x | 3.3x |
| Sat, 24 Jun 2023 | HK$173.2b | HK$50.6b | -HK$10,702,437,234.00 | 18.7x | -16.2x | 3.4x |
| Mon, 22 May 2023 | HK$185.2b | HK$51.6b | -HK$11,191,131,903.00 | 14.4x | -16.5x | 3.6x |
| Wed, 19 Apr 2023 | HK$221.3b | HK$52.8b | -HK$11,702,871,711.00 | 16.7x | -18.9x | 4.2x |
| Fri, 17 Mar 2023 | HK$217.6b | HK$50.9b | -HK$25,893,285,385.00 | 14.3x | -8.4x | 4.3x |
| Sun, 12 Feb 2023 | HK$245.7b | HK$50.6b | -HK$26,615,191,711.00 | 17.3x | -9.2x | 4.9x |
| Tue, 10 Jan 2023 | HK$238.6b | HK$50.6b | -HK$26,570,143,976.00 | 18.1x | -9x | 4.7x |
| Thu, 08 Dec 2022 | HK$209.5b | HK$49.2b | -HK$25,640,314,842.00 | 12.7x | -8.2x | 4.3x |
| Sat, 05 Nov 2022 | HK$163.0b | HK$47.9b | -HK$25,129,742,029.00 | 18.6x | -6.5x | 3.4x |
| Mon, 03 Oct 2022 | HK$155.1b | HK$48.9b | -HK$25,779,374,501.00 | 12.8x | -6x | 3.2x |
| Wed, 31 Aug 2022 | HK$213.6b | HK$48.6b | -HK$26,534,639,616.00 | 26.6x | -8x | 4.4x |
| Fri, 29 Jul 2022 | HK$232.1b | HK$48.4b | -HK$42,031,023,236.00 | 13x | -5.5x | 4.8x |
| Sun, 26 Jun 2022 | HK$363.4b | HK$42.1b | -HK$41,023,302,085.00 | 11.1x | -8.9x | 8.6x |
| Tue, 24 May 2022 | HK$309.6b | HK$42.0b | -HK$40,969,278,158.00 | 13.4x | -7.6x | 7.4x |
| Thu, 21 Apr 2022 | HK$312.8b | HK$43.6b | -HK$42,310,119,443.00 | 17.4x | -7.4x | 7.2x |
| Sat, 19 Mar 2022 | HK$153.5b | HK$35.3b | -HK$19,049,448,615.00 | 13x | -8.1x | 4.3x |
| Mon, 14 Feb 2022 | HK$192.5b | HK$34.0b | -HK$19,138,396,109.00 | 13.2x | -10.1x | 5.7x |
Price to Earnings Ratio
-10.1x
Current Industry PE
- Investors are relatively neutral on the Hong Kong Software industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PS ratio of 3.7x.
Past Earnings Growth
- The earnings for companies in the Software industry have improved over the last three years.
- Revenues for these companies have grown 20% per year.
- This means that more sales are being generated by these companies overall, and subsequently losses are decreasing too.
Industry Trends
Which industries have driven the changes within the Hong Kong Tech industry?
| HK Market | 0.88% | |
| Tech | 6.64% | |
| Software | 4.50% | |
| Systems Software | 8.86% | |
| Application Software | 4.35% | |
Industry PE
Forecasted Growth
- Analysts are most optimistic on the Systems Software industry, expecting annual earnings growth of 59% over the next 5 years.
- This is better than its past earnings decline of 41% per year.
- In contrast, the Application Software industry is expected to see its earnings grow by 55% 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 | |
|---|---|---|---|---|---|
| 9660 Horizon Robotics | HK$5.47 | 21.6% +HK$12.8b | n/a | PS32x | |
| 20 SenseTime Group | HK$1.72 | 6.8% +HK$4.1b | 100.0% | PS16.1x | |
| 6682 Beijing Fourth Paradigm Technology | HK$56.80 | 13.4% +HK$3.1b | 25.4% | PS5.4x | |
| 2556 Marketingforce Management | HK$75.95 | 14.7% +HK$2.3b | n/a | PS12.1x | |
| 268 Kingdee International Software Group | HK$10.78 | 4.9% +HK$1.8b | 36.3% | PS6x |
