Capital Allocation Trends At GL-Carlink Technology Holding (HKG:2531) Aren't Ideal
Jul 14
Have your own idea? Try our Stock Screener
Hong Kong (HSI) Software Industry Analysis
UpdatedJul 17, 2025
DataAggregated Company Financials
Companies40
- 7D5.7%
- 3M27.1%
- 1Y43.2%
- YTD34.6%
Over the last 7 days, the Software industry has risen 5.7%, driven by gains in Unisound AI Technology and Horizon Robotics of 34% and 11%, respectively. Meanwhile, Beijing Xunzhong Communication Technology actually underperformed within the industry, shrinking 12% in the last week. This takes the industry's 12 month performance to a gain of 43%. Earnings are forecast to grow by 45% annually.
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 |
|---|---|---|---|---|---|---|
| Thu, 17 Jul 2025 | HK$342.5b | HK$63.5b | -HK$10,536,478,914.57 | 24.7x | -32.5x | 5.4x |
| Sat, 14 Jun 2025 | HK$306.3b | HK$62.4b | -HK$10,659,774,775.52 | 26x | -28.7x | 4.9x |
| Mon, 12 May 2025 | HK$300.6b | HK$62.0b | -HK$10,500,057,526.49 | 27.9x | -28.6x | 4.8x |
| Wed, 09 Apr 2025 | HK$248.8b | HK$61.2b | -HK$10,341,714,129.93 | 22.3x | -24.1x | 4.1x |
| Fri, 07 Mar 2025 | HK$266.1b | HK$59.1b | -HK$11,906,277,949.51 | 33.7x | -22.3x | 4.5x |
| Sun, 02 Feb 2025 | HK$212.2b | HK$59.3b | -HK$11,950,915,703.61 | 22.9x | -17.8x | 3.6x |
| Tue, 31 Dec 2024 | HK$229.1b | HK$63.0b | -HK$11,299,269,658.49 | 20.4x | -20.3x | 3.6x |
| Thu, 28 Nov 2024 | HK$201.8b | HK$63.6b | -HK$11,426,125,315.81 | 18.3x | -17.7x | 3.2x |
| Sat, 26 Oct 2024 | HK$176.9b | HK$64.2b | -HK$14,731,559,939.42 | 17.6x | -12x | 2.8x |
| Mon, 23 Sep 2024 | HK$146.2b | HK$63.4b | -HK$14,512,056,825.09 | 11.2x | -10.1x | 2.3x |
| Wed, 21 Aug 2024 | HK$119.0b | HK$59.3b | -HK$13,673,401,121.19 | 14.1x | -8.7x | 2x |
| Fri, 19 Jul 2024 | HK$135.6b | HK$58.5b | -HK$13,804,760,693.26 | 13x | -9.8x | 2.3x |
| Sun, 16 Jun 2024 | HK$149.0b | HK$58.6b | -HK$16,293,310,681.29 | 14.8x | -9.1x | 2.5x |
| Tue, 14 May 2024 | HK$156.2b | HK$58.4b | -HK$15,494,691,639.52 | 14.1x | -10.1x | 2.7x |
| Thu, 11 Apr 2024 | HK$123.8b | HK$58.5b | -HK$15,539,483,810.92 | 14.4x | -8x | 2.1x |
| Sat, 09 Mar 2024 | HK$109.1b | HK$54.8b | -HK$15,415,538,154.18 | 11.4x | -7.1x | 2x |
| Mon, 05 Feb 2024 | HK$96.2b | HK$55.3b | -HK$15,644,051,303.00 | 9.9x | -6.1x | 1.7x |
| Wed, 03 Jan 2024 | HK$159.9b | HK$63.4b | -HK$15,343,858,138.00 | 10.1x | -10.4x | 2.5x |
| Fri, 01 Dec 2023 | HK$155.1b | HK$63.4b | -HK$15,349,727,837.00 | 14.6x | -10.1x | 2.4x |
| Sun, 29 Oct 2023 | HK$137.0b | HK$61.4b | -HK$9,152,881,648.00 | 12x | -15x | 2.2x |
| Tue, 26 Sep 2023 | HK$135.0b | HK$53.2b | -HK$9,642,358,353.00 | 15x | -14x | 2.5x |
| Thu, 24 Aug 2023 | HK$154.3b | HK$50.7b | -HK$9,918,683,106.00 | 20.7x | -15.6x | 3x |
| Sat, 22 Jul 2023 | HK$161.0b | HK$50.5b | -HK$10,697,257,161.00 | 21x | -15.1x | 3.2x |
| Mon, 19 Jun 2023 | HK$193.0b | HK$50.8b | -HK$10,790,067,910.00 | 18.3x | -17.9x | 3.8x |
| Wed, 17 May 2023 | HK$188.3b | HK$52.1b | -HK$11,300,314,375.00 | 14.4x | -16.7x | 3.6x |
| Fri, 14 Apr 2023 | HK$227.4b | HK$52.8b | -HK$11,709,659,905.00 | 16.4x | -19.4x | 4.3x |
| Sun, 12 Mar 2023 | HK$216.1b | HK$50.5b | -HK$26,080,865,295.00 | 14x | -8.3x | 4.3x |
| Tue, 07 Feb 2023 | HK$262.4b | HK$50.8b | -HK$26,698,530,702.00 | 18.1x | -9.8x | 5.2x |
| Thu, 05 Jan 2023 | HK$242.7b | HK$50.1b | -HK$26,200,087,284.00 | 15.9x | -9.3x | 4.8x |
| Sat, 03 Dec 2022 | HK$197.4b | HK$48.9b | -HK$25,465,980,191.00 | 12.6x | -7.8x | 4x |
| Mon, 31 Oct 2022 | HK$142.4b | HK$48.1b | -HK$25,295,215,042.00 | 17.2x | -5.6x | 3x |
| Wed, 28 Sep 2022 | HK$171.9b | HK$48.8b | -HK$25,686,137,624.00 | 13.1x | -6.7x | 3.5x |
| Fri, 26 Aug 2022 | HK$216.0b | HK$48.8b | -HK$42,353,171,899.00 | 20.1x | -5.1x | 4.4x |
| Sun, 24 Jul 2022 | HK$239.7b | HK$48.5b | -HK$42,101,578,659.00 | 13.4x | -5.7x | 4.9x |
Price to Earnings Ratio
-5.7x
Current Industry PE
- Investors are optimistic on the Hong Kong Software industry, and appear confident in long term growth rates.
- The 3-year average PS ratio of 3.4x is lower than the industry's current PS ratio of 5.4x.
Past Earnings Growth
- The earnings for companies in the Software industry have improved over the last three years.
- Revenues for these companies have grown 9.4% 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 | 2.26% | |
| Tech | 1.85% | |
| Software | 5.71% | |
| Application Software | 5.73% | |
| Systems Software | 3.67% | |
Industry PE
Forecasted Growth
- Analysts are most optimistic on the Application Software industry, expecting annual earnings growth of 45% over the next 5 years.
- This is better than its past earnings decline of 3.8% per year.
- In contrast, the Application Software industry is expected to see its earnings grow by 45% 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 | |
|---|---|---|---|---|---|
| 9678 Unisound AI Technology | HK$555.50 | 33.9% +HK$10.0b | n/a | PS38.4x | |
| 9660 Horizon Robotics | HK$7.07 | 11.0% +HK$9.7b | n/a | PE38.3x | |
| 20 SenseTime Group | HK$1.65 | 10.0% +HK$5.6b | 26.0% | PS14.8x | |
| 6682 Beijing Fourth Paradigm Technology | HK$55.60 | 12.0% +HK$2.9b | 14.6% | PS4.8x | |
| 2556 Marketingforce Management | HK$53.05 | 13.1% +HK$1.6b | -39.0% | PS8x |
