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Hong Kong (HSI) Tech Hardware Industry Analysis

UpdatedJan 24, 2026
DataAggregated Company Financials
Companies16
  • 7D-2.1%
  • 3M-21.0%
  • 1Y-1.9%
  • YTD-9.5%

Over the last 7 days, the Tech Hardware industry has dropped 6.5%, driven by a pullback from Xiaomi of 2.3%. In contrast, Rongta Technology (Xiamen) Group has gained 25%. As for the longer term, the industry's performance has been flat for the past year. Looking forward, earnings are forecast to grow by 14% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 24 Jan 2026HK$1.1tHK$1.7tHK$62.5b19x17.2x0.6x
Mon, 22 Dec 2025HK$1.2tHK$1.7tHK$62.2b17.9x19.3x0.7x
Wed, 19 Nov 2025HK$1.2tHK$1.7tHK$53.7b15.3x23.1x0.7x
Fri, 17 Oct 2025HK$1.5tHK$1.7tHK$53.4b16.6x27.2x0.9x
Sun, 14 Sep 2025HK$1.6tHK$1.7tHK$54.2b19.3x29.9x1x
Tue, 12 Aug 2025HK$1.5tHK$1.6tHK$44.2b29.4x33.8x0.9x
Thu, 10 Jul 2025HK$1.6tHK$1.6tHK$44.3b32.1x37.1x1x
Sat, 07 Jun 2025HK$1.5tHK$1.6tHK$44.4b41.5x34.2x1x
Mon, 05 May 2025HK$1.5tHK$1.5tHK$37.5b51.4x40.5x1x
Wed, 02 Apr 2025HK$1.3tHK$1.5tHK$37.7b40.2x35.3x0.9x
Fri, 28 Feb 2025HK$1.5tHK$1.4tHK$28.2b14.4x53.7x1.1x
Sun, 26 Jan 2025HK$1.1tHK$1.4tHK$25.6b12.6x41.7x0.8x
Tue, 24 Dec 2024HK$934.5bHK$1.4tHK$25.4b13.4x36.8x0.7x
Thu, 21 Nov 2024HK$834.8bHK$1.4tHK$25.6b14.3x32.7x0.6x
Sat, 19 Oct 2024HK$785.7bHK$1.3tHK$24.5b17.2x32.1x0.6x
Mon, 16 Sep 2024HK$615.5bHK$1.3tHK$24.5b18.3x25.1x0.5x
Wed, 14 Aug 2024HK$568.4bHK$1.3tHK$22.5b23.7x25.2x0.5x
Fri, 12 Jul 2024HK$581.8bHK$1.2tHK$22.4b24.7x26x0.5x
Sun, 09 Jun 2024HK$596.1bHK$1.2tHK$22.4b20.3x26.6x0.5x
Tue, 07 May 2024HK$593.9bHK$1.2tHK$20.6b21.9x28.8x0.5x
Thu, 04 Apr 2024HK$516.6bHK$1.2tHK$21.5b19.5x24x0.4x
Sat, 02 Mar 2024HK$467.8bHK$1.2tHK$23.7b17.8x19.8x0.4x
Mon, 29 Jan 2024HK$469.7bHK$1.2tHK$24.6b15x19.1x0.4x
Wed, 27 Dec 2023HK$546.4bHK$1.2tHK$24.6b16.6x22.2x0.4x
Fri, 24 Nov 2023HK$531.1bHK$1.2tHK$24.6b15.4x21.6x0.4x
Sun, 22 Oct 2023HK$459.4bHK$1.2tHK$19.7b17.4x23.3x0.4x
Tue, 19 Sep 2023HK$423.5bHK$1.2tHK$19.9b20.9x21.3x0.3x
Thu, 17 Aug 2023HK$417.5bHK$1.3tHK$22.6b12.9x18.5x0.3x
Sat, 15 Jul 2023HK$418.6bHK$1.3tHK$22.8b13x18.4x0.3x
Mon, 12 Jun 2023HK$391.4bHK$1.3tHK$22.9b13x17.1x0.3x
Wed, 10 May 2023HK$407.8bHK$1.4tHK$20.1b13.5x20.3x0.3x
Fri, 07 Apr 2023HK$435.6bHK$1.4tHK$20.1b13.8x21.6x0.3x
Sun, 05 Mar 2023HK$435.9bHK$1.5tHK$21.6b10.9x20.2x0.3x
Tue, 31 Jan 2023HK$425.0bHK$1.5tHK$23.3b11.1x18.3x0.3x
Price to Earnings Ratio

18.3x


Total Market Cap: HK$425.0bTotal Earnings: HK$23.3bTotal Revenue: HK$1.5tTotal Market Cap vs Earnings and Revenue0%0%0%
Hong Kong Tech Hardware Industry Price to Earnings3Y Average 27.6x202420252026
Current Industry PE
  • Investors are pessimistic on the Hong Kong Tech 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 16.8x which is lower than its 3-year average PE of 27.6x.
  • The industry is trading close to its 3-year average PS ratio of 0.58x.
Past Earnings Growth
  • The earnings for companies in the Tech industry have grown 39% per year over the last three years.
  • Revenues for these companies have grown 4.7% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Hong Kong Tech industry?

HK Market-0.21%
Tech-0.43%
Tech Hardware-2.07%
Tech Hardware Storage and Peripherals-2.07%
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?

CompanyLast Price7D1YValuation
9881 Rongta Technology (Xiamen) GroupHK$23.3424.9%
+HK$440.5m		n/aPE96.1x
334 China Display Optoelectronics Technology HoldingsHK$0.378.8%
+HK$62.9m		111.4%PE6.3x
1401 Future MachineHK$0.725.9%
+HK$60.0m		-56.1%PE54.5x
2028 Jolimark HoldingsHK$0.1245.6%
+HK$22.1m		98.3%PS0.5x
6133 Vital Innovations HoldingsHK$0.2312.1%
+HK$21.3m		53.0%PS0.2x

Latest News

8050
HK$1.72
City Coolxuan
7D
-13.6%
1Y
38.2%
334
HK$0.37
China Display Optoelectronics Technology Holdings
7D
8.8%
1Y
111.4%

China Display Optoelectronics Technology Holdings (HKG:334) May Have Issues Allocating Its Capital

Jan 21
China Display Optoelectronics Technology Holdings (HKG:334) May Have Issues Allocating Its Capital
2028
HK$0.12
Jolimark Holdings
7D
45.6%
1Y
98.3%

Jolimark Holdings Limited (HKG:2028) Surges 35% Yet Its Low P/S Is No Reason For Excitement

Jan 21
Jolimark Holdings Limited (HKG:2028) Surges 35% Yet Its Low P/S Is No Reason For Excitement
992
HK$8.84
Lenovo Group
7D
-0.5%
1Y
-6.7%

992: Memory Super Cycle Risks Will Temper AI Hardware Ambitions

Analysts have trimmed their price targets for Lenovo Group to around HK$9.50 to HK$10.20. This reflects lower fair value estimates and expectations for softer revenue growth and margins as rising memory costs and potential component shortages weigh on the hardware outlook.
1810
HK$36.24
Xiaomi
7D
-2.3%
1Y
-1.7%

1810: Crypto And Electric Vehicle Push Will Drive Future Upside Potential

Analysts have made a small upward adjustment to their fair value estimate for Xiaomi to HK$79.45 from about HK$78.87, reflecting updated assumptions on revenue growth, discount rate and future P/E, alongside mixed recent Street views that include a reduced smartphone focused target and a more optimistic call on the company's electric vehicle potential. Analyst Commentary Bullish analysts are focusing on how Xiaomi's mix of smartphones, internet of things and electric vehicles could support the updated fair value estimate, even as some nearer term headwinds are flagged in recent research.
1401
HK$0.72
Future Machine
7D
5.9%
1Y
-56.1%

Future Machine Limited's (HKG:1401) Shares Climb 30% But Its Business Is Yet to Catch Up

Jan 19
Future Machine Limited's (HKG:1401) Shares Climb 30% But Its Business Is Yet to Catch Up
9881
HK$23.34
Rongta Technology (Xiamen) Group
7D
24.9%
1Y
n/a
6133
HK$0.23
Vital Innovations Holdings
7D
12.1%
1Y
53.0%
3396
HK$8.89
Legend Holdings
7D
-2.4%
1Y
20.0%

Does This Valuation Of Legend Holdings Corporation (HKG:3396) Imply Investors Are Overpaying?

Jan 02
Does This Valuation Of Legend Holdings Corporation (HKG:3396) Imply Investors Are Overpaying?
8066
HK$0.36
Phoenitron Holdings
7D
-12.0%
1Y
305.6%
1079
HK$0.32
PINE Technology Holdings
7D
-3.0%
1Y
644.2%
465
HK$0.72
Futong Technology Development Holdings
7D
2.9%
1Y
188.0%

Subdued Growth No Barrier To Futong Technology Development Holdings Limited (HKG:465) With Shares Advancing 46%

Dec 18
Subdued Growth No Barrier To Futong Technology Development Holdings Limited (HKG:465) With Shares Advancing 46%
2369
HK$0.79
Coolpad Group
7D
-4.8%
1Y
n/a
3315
HK$0.84
Goldpac Group
7D
1.2%
1Y
-16.8%

Goldpac Group (HKG:3315) Has Some Difficulty Using Its Capital Effectively

Nov 21
Goldpac Group (HKG:3315) Has Some Difficulty Using Its Capital Effectively
2385
HK$6.04
Readboy Education Holding
7D
-0.5%
1Y
-6.9%