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Hong Kong (HSI) Tech Hardware Industry Analysis

UpdatedFeb 07, 2026
DataAggregated Company Financials
Companies16
  • 7D-0.4%
  • 3M-16.5%
  • 1Y-17.7%
  • YTD-11.4%

Over the last 7 days, the Tech Hardware industry has dropped 3.8%, driven by Xiaomi declining 0.9%. Overall the industry is down 14% in 12 months. 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, 07 Feb 2026HK$1.1tHK$1.7tHK$62.8b18.3x16.8x0.6x
Mon, 05 Jan 2026HK$1.2tHK$1.7tHK$62.6b17.6x19.1x0.7x
Wed, 03 Dec 2025HK$1.2tHK$1.7tHK$62.0b18.3x19.6x0.7x
Fri, 31 Oct 2025HK$1.4tHK$1.7tHK$53.5b16.7x25.5x0.8x
Sun, 28 Sep 2025HK$1.6tHK$1.7tHK$54.1b17.2x29.6x1x
Tue, 26 Aug 2025HK$1.6tHK$1.6tHK$53.7b29.6x29.3x1x
Thu, 24 Jul 2025HK$1.7tHK$1.6tHK$44.3b33.2x37.8x1.1x
Sat, 21 Jun 2025HK$1.5tHK$1.6tHK$44.5b32.3x34.7x1x
Mon, 19 May 2025HK$1.5tHK$1.5tHK$38.0b48.8x38.8x1x
Wed, 16 Apr 2025HK$1.2tHK$1.5tHK$37.4b37.7x33.3x0.8x
Fri, 14 Mar 2025HK$1.5tHK$1.4tHK$28.2b16.7x53.1x1.1x
Sun, 09 Feb 2025HK$1.2tHK$1.4tHK$25.5b15.3x48.8x0.9x
Tue, 07 Jan 2025HK$1.1tHK$1.4tHK$25.4b13.6x41.5x0.8x
Thu, 05 Dec 2024HK$865.7bHK$1.4tHK$25.5b13.3x33.9x0.6x
Sat, 02 Nov 2024HK$843.4bHK$1.3tHK$24.4b15.2x34.5x0.6x
Mon, 30 Sep 2024HK$708.2bHK$1.4tHK$24.7b16.2x28.7x0.5x
Wed, 28 Aug 2024HK$610.4bHK$1.3tHK$24.9b23.1x24.6x0.5x
Fri, 26 Jul 2024HK$547.7bHK$1.3tHK$22.4b23.5x24.4x0.4x
Sun, 23 Jun 2024HK$626.2bHK$1.2tHK$22.4b27.1x28x0.5x
Tue, 21 May 2024HK$651.7bHK$1.2tHK$20.5b19.4x31.7x0.5x
Thu, 18 Apr 2024HK$529.4bHK$1.2tHK$21.5b19.2x24.6x0.4x
Sat, 16 Mar 2024HK$504.6bHK$1.2tHK$23.8b19.1x21.2x0.4x
Mon, 12 Feb 2024HK$432.7bHK$1.2tHK$24.5b15.6x17.7x0.4x
Wed, 10 Jan 2024HK$517.7bHK$1.2tHK$24.7b17.2x21x0.4x
Fri, 08 Dec 2023HK$511.9bHK$1.2tHK$24.6b15.3x20.8x0.4x
Sun, 05 Nov 2023HK$523.3bHK$1.2tHK$19.8b15.9x26.5x0.4x
Tue, 03 Oct 2023HK$433.9bHK$1.2tHK$19.8b15.6x21.9x0.4x
Thu, 31 Aug 2023HK$444.2bHK$1.3tHK$19.1b17.6x23.3x0.3x
Sat, 29 Jul 2023HK$440.6bHK$1.3tHK$22.7b13.5x19.4x0.3x
Mon, 26 Jun 2023HK$374.3bHK$1.3tHK$22.8b12.5x16.4x0.3x
Wed, 24 May 2023HK$393.0bHK$1.4tHK$20.0b13.4x19.7x0.3x
Fri, 21 Apr 2023HK$436.0bHK$1.4tHK$20.1b13.8x21.7x0.3x
Sun, 19 Mar 2023HK$404.6bHK$1.5tHK$21.6b10.1x18.7x0.3x
Tue, 14 Feb 2023HK$440.9bHK$1.5tHK$23.3b11.4x19x0.3x
Price to Earnings Ratio

19x


Total Market Cap: HK$440.9bTotal 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 27.5x202420252026
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 16.7x which is lower than its 3-year average PE of 27.5x.
  • The industry is trading close to its 3-year average PS ratio of 0.59x.
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 5.0% 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-1.98%
Tech-4.72%
Tech Hardware-0.40%
Tech Hardware Storage and Peripherals-0.40%
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
992 Lenovo GroupHK$9.254.2%
+HK$4.6b		-24.3%PE9x
1401 Future MachineHK$1.1411.8%
+HK$180.0m		-26.9%PE85.8x
8050 City CoolxuanHK$1.9527.5%
+HK$113.9m		63.9%PE233.9x
2086 Leadway Technology Investment GroupHK$0.5019.0%
+HK$25.6m		23.5%PS1.7x
1079 PINE Technology HoldingsHK$0.313.3%
+HK$14.3m		532.7%PS1.5x

Latest News

2086
HK$0.50
Leadway Technology Investment Group
7D
19.0%
1Y
23.5%

Leadway Technology Investment Group Limited's (HKG:2086) Popularity With Investors Is Under Threat From Overpricing

Feb 06
Leadway Technology Investment Group Limited's (HKG:2086) Popularity With Investors Is Under Threat From Overpricing
1079
HK$0.31
PINE Technology Holdings
7D
3.3%
1Y
532.7%
1810
HK$35.18
Xiaomi
7D
-0.9%
1Y
-17.1%

1810: EV Push And Electronics Self Reliance Will Drive Future Upside

Narrative Update Analysts have trimmed their fair value estimate for Xiaomi from HK$57.80 to about HK$57.33, reflecting slightly lower revenue growth expectations and a higher discount rate. They still highlight support from its electric vehicle ambitions and smartphone and internet of things exposure, despite near term pressure on margins and previous target cuts.
992
HK$9.25
Lenovo Group
7D
4.2%
1Y
-24.3%

992: Memory Super Cycle Risks Will Test AI Hardware And Agentic AI Plans

Analysts have trimmed their price targets on Lenovo Group, with recent revisions from HK$13.00 to HK$9.50 and from HK$13.00 to HK$10.20, reflecting concerns about higher memory costs and potential component shortages that could pressure margins and earnings. Analyst Commentary Recent research from JPMorgan and other bearish analysts highlights a more cautious stance on Lenovo, centered on cost pressures and their possible impact on earnings quality and valuation.
8066
HK$0.33
Phoenitron Holdings
7D
-7.0%
1Y
208.4%

Phoenitron Holdings Limited's (HKG:8066) 26% Share Price Plunge Could Signal Some Risk

Feb 02
Phoenitron Holdings Limited's (HKG:8066) 26% Share Price Plunge Could Signal Some Risk
1401
HK$1.14
Future Machine
7D
11.8%
1Y
-26.9%
334
HK$0.40
China Display Optoelectronics Technology Holdings
7D
-2.4%
1Y
100.0%

China Display Optoelectronics Technology Holdings Limited (HKG:334) Surges 29% Yet Its Low P/E Is No Reason For Excitement

Jan 29
China Display Optoelectronics Technology Holdings Limited (HKG:334) Surges 29% Yet Its Low P/E Is No Reason For Excitement
2385
HK$5.91
Readboy Education Holding
7D
-4.5%
1Y
-16.8%
8050
HK$1.95
City Coolxuan
7D
27.5%
1Y
63.9%
2028
HK$0.13
Jolimark Holdings
7D
5.0%
1Y
101.6%

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
9881
HK$21.00
Rongta Technology (Xiamen) Group
7D
-5.3%
1Y
n/a
6133
HK$0.19
Vital Innovations Holdings
7D
0.5%
1Y
29.1%
3396
HK$8.44
Legend Holdings
7D
-2.7%
1Y
-3.4%

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?
2369
HK$0.69
Coolpad Group
7D
-9.2%
1Y
n/a
3315
HK$0.80
Goldpac Group
7D
-2.4%
1Y
-21.6%

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

Nov 21
Goldpac Group (HKG:3315) Has Some Difficulty Using Its Capital Effectively