Jolimark Holdings Limited's (HKG:2028) 29% Share Price Surge Not Quite Adding Up
Oct 14
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Hong Kong (HSI) Tech Hardware Industry Analysis
UpdatedOct 16, 2024
DataAggregated Company Financials
Companies16
- 7D-1.7%
- 3M28.5%
- 1Y60.5%
- YTD34.2%
Over the last 7 days, the Tech Hardware industry has dropped 3.5%, driven by a pullback from Xiaomi of 3.0%. Meanwhile, Lenovo Group actually outperformed within the industry, gaining 5.6% in the last week. Over the past 12 months, the industry was up 68%. As for the next few years, earnings are expected to grow by 19% per annum.
Industry Valuation and Performance
Has the Hong Kong Tech Hardware Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 16 Oct 2024 | HK$736.0b | HK$1.3t | HK$24.4b | 16.2x | 30.1x | 0.5x |
| Fri, 13 Sep 2024 | HK$605.7b | HK$1.3t | HK$24.4b | 18.1x | 24.8x | 0.5x |
| Sun, 11 Aug 2024 | HK$554.8b | HK$1.3t | HK$22.5b | 22.9x | 24.6x | 0.4x |
| Tue, 09 Jul 2024 | HK$569.7b | HK$1.2t | HK$22.4b | 24.2x | 25.5x | 0.5x |
| Thu, 06 Jun 2024 | HK$604.4b | HK$1.2t | HK$22.4b | 20.5x | 26.9x | 0.5x |
| Sat, 04 May 2024 | HK$595.6b | HK$1.2t | HK$20.6b | 21.8x | 28.9x | 0.5x |
| Mon, 01 Apr 2024 | HK$507.8b | HK$1.2t | HK$21.6b | 19.7x | 23.5x | 0.4x |
| Wed, 28 Feb 2024 | HK$469.3b | HK$1.2t | HK$23.6b | 17.8x | 19.9x | 0.4x |
| Fri, 26 Jan 2024 | HK$496.9b | HK$1.2t | HK$24.6b | 16.7x | 20.2x | 0.4x |
| Sun, 24 Dec 2023 | HK$546.4b | HK$1.2t | HK$24.7b | 16.6x | 22.2x | 0.4x |
| Tue, 21 Nov 2023 | HK$551.6b | HK$1.2t | HK$17.6b | 15.7x | 31.3x | 0.5x |
| Thu, 19 Oct 2023 | HK$453.2b | HK$1.2t | HK$19.8b | 17.4x | 22.9x | 0.4x |
| Sat, 16 Sep 2023 | HK$433.5b | HK$1.2t | HK$19.9b | 20.8x | 21.8x | 0.3x |
| Mon, 14 Aug 2023 | HK$421.1b | HK$1.3t | HK$22.7b | 13x | 18.6x | 0.3x |
| Wed, 12 Jul 2023 | HK$397.1b | HK$1.3t | HK$22.7b | 12.7x | 17.5x | 0.3x |
| Fri, 09 Jun 2023 | HK$390.9b | HK$1.3t | HK$22.9b | 13x | 17.1x | 0.3x |
| Sun, 07 May 2023 | HK$405.3b | HK$1.4t | HK$20.1b | 13.4x | 20.2x | 0.3x |
| Tue, 04 Apr 2023 | HK$437.6b | HK$1.4t | HK$20.1b | 13.9x | 21.7x | 0.3x |
| Thu, 02 Mar 2023 | HK$435.9b | HK$1.5t | HK$21.6b | 10.8x | 20.1x | 0.3x |
| Sat, 28 Jan 2023 | HK$445.7b | HK$1.5t | HK$23.2b | 11.5x | 19.2x | 0.3x |
| Mon, 26 Dec 2022 | HK$376.1b | HK$1.5t | HK$23.0b | 10.1x | 16.3x | 0.3x |
| Wed, 23 Nov 2022 | HK$348.8b | HK$1.5t | HK$25.4b | 9.6x | 13.7x | 0.2x |
| Fri, 21 Oct 2022 | HK$321.3b | HK$1.5t | HK$25.2b | 8.9x | 12.7x | 0.2x |
| Sun, 18 Sep 2022 | HK$358.2b | HK$1.5t | HK$25.5b | 9.9x | 14x | 0.2x |
| Tue, 16 Aug 2022 | HK$418.9b | HK$1.5t | HK$38.5b | 6.7x | 10.9x | 0.3x |
| Thu, 14 Jul 2022 | HK$435.2b | HK$1.5t | HK$38.2b | 6.6x | 11.4x | 0.3x |
| Sat, 11 Jun 2022 | HK$454.2b | HK$1.6t | HK$38.6b | 7.8x | 11.8x | 0.3x |
| Mon, 09 May 2022 | HK$425.1b | HK$1.6t | HK$47.0b | 9.6x | 9.1x | 0.3x |
| Wed, 06 Apr 2022 | HK$514.7b | HK$1.6t | HK$48.3b | 10.3x | 10.7x | 0.3x |
| Fri, 04 Mar 2022 | HK$523.7b | HK$1.5t | HK$77.0b | 10.8x | 6.8x | 0.3x |
| Sun, 30 Jan 2022 | HK$560.9b | HK$1.5t | HK$69.2b | 9.2x | 8.1x | 0.4x |
| Tue, 28 Dec 2021 | HK$632.0b | HK$1.5t | HK$69.2b | 8.5x | 9.1x | 0.4x |
| Thu, 25 Nov 2021 | HK$643.0b | HK$1.5t | HK$69.0b | 8.3x | 9.3x | 0.4x |
| Sat, 23 Oct 2021 | HK$722.4b | HK$1.5t | HK$72.3b | 9.1x | 10x | 0.5x |
Price to Earnings Ratio
10x
Current Industry PE
- Investors are optimistic on the Hong Kong Tech industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 30.7x which is higher than its 3-year average PE of 17.6x.
- The industry is trading close to its 3-year average PS ratio of 0.35x.
Past Earnings Growth
- The earnings for companies in the Tech industry have declined 30% per year over the last three years,
- Revenues have also declined 3.0% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Trends
Which industries have driven the changes within the Hong Kong Tech industry?
| HK Market | -3.04% | |
| Tech | -5.08% | |
| Tech Hardware | -1.68% | |
| Tech Hardware Storage and Peripherals | -1.68% | |
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 | |
|---|---|---|---|---|---|
| 992 Lenovo Group | HK$10.92 | 5.6% +HK$7.2b | 27.0% | PE16.2x | |
| 1401 Sprocomm Intelligence | HK$5.31 | 17.5% +HK$790.0m | 39.7% | PE148.7x | |
| 2028 Jolimark Holdings | HK$0.064 | 23.1% +HK$7.4m | -20.0% | PS0.2x | |
| 6133 Vital Innovations Holdings | HK$0.17 | 4.8% +HK$6.8m | -31.4% | PS0.1x |
