Here's Why China Technology Industry Group (HKG:8111) Can Afford Some Debt
Dec 01
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Hong Kong (HSI) Tech Hardware Industry Analysis
UpdatedDec 17, 2024
DataAggregated Company Financials
Companies15
- 7D-2.0%
- 3M43.0%
- 1Y63.4%
- YTD63.3%
The Tech Hardware industry is up 4.0% in the last week, with Xiaomi up 4.8%. In the last 12 months, the industry was up 67%. Looking forward, earnings are forecast to grow by 21% annually.
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 |
|---|---|---|---|---|---|---|
| Tue, 17 Dec 2024 | HK$895.6b | HK$1.4t | HK$25.4b | 13.7x | 35.2x | 0.7x |
| Thu, 14 Nov 2024 | HK$879.2b | HK$1.3t | HK$24.3b | 16.9x | 36.2x | 0.7x |
| Sat, 12 Oct 2024 | HK$754.0b | HK$1.3t | HK$24.5b | 15.9x | 30.7x | 0.6x |
| Mon, 09 Sep 2024 | HK$599.3b | HK$1.3t | HK$24.5b | 18x | 24.5x | 0.4x |
| Wed, 07 Aug 2024 | HK$536.1b | HK$1.3t | HK$22.6b | 22.3x | 23.7x | 0.4x |
| Fri, 05 Jul 2024 | HK$583.6b | HK$1.2t | HK$22.4b | 25.3x | 26.1x | 0.5x |
| Sun, 02 Jun 2024 | HK$601.3b | HK$1.3t | HK$22.5b | 19.8x | 26.8x | 0.5x |
| Tue, 30 Apr 2024 | HK$573.5b | HK$1.2t | HK$20.6b | 18.8x | 27.8x | 0.5x |
| Thu, 28 Mar 2024 | HK$503.6b | HK$1.2t | HK$25.4b | 19.6x | 19.8x | 0.4x |
| Sat, 24 Feb 2024 | HK$458.4b | HK$1.2t | HK$23.6b | 17.3x | 19.4x | 0.4x |
| Mon, 22 Jan 2024 | HK$476.2b | HK$1.2t | HK$24.6b | 15.8x | 19.3x | 0.4x |
| Wed, 20 Dec 2023 | HK$557.7b | HK$1.2t | HK$24.6b | 16.5x | 22.7x | 0.5x |
| Fri, 17 Nov 2023 | HK$566.4b | HK$1.2t | HK$19.8b | 14.6x | 28.6x | 0.5x |
| Sun, 15 Oct 2023 | HK$448.0b | HK$1.2t | HK$19.8b | 17.5x | 22.7x | 0.4x |
| Tue, 12 Sep 2023 | HK$421.2b | HK$1.2t | HK$19.9b | 20.9x | 21.2x | 0.3x |
| Thu, 10 Aug 2023 | HK$434.8b | HK$1.3t | HK$22.7b | 13.1x | 19.2x | 0.3x |
| Sat, 08 Jul 2023 | HK$398.6b | HK$1.3t | HK$22.7b | 12.7x | 17.6x | 0.3x |
| Mon, 05 Jun 2023 | HK$388.2b | HK$1.3t | HK$22.9b | 13.2x | 16.9x | 0.3x |
| Wed, 03 May 2023 | HK$403.2b | HK$1.4t | HK$20.1b | 13.3x | 20x | 0.3x |
| Fri, 31 Mar 2023 | HK$435.4b | HK$1.4t | HK$20.8b | 11.2x | 20.9x | 0.3x |
| Sun, 26 Feb 2023 | HK$417.8b | HK$1.5t | HK$21.6b | 10.8x | 19.4x | 0.3x |
| Tue, 24 Jan 2023 | HK$403.6b | HK$1.5t | HK$23.2b | 11x | 17.4x | 0.3x |
| Thu, 22 Dec 2022 | HK$368.7b | HK$1.5t | HK$23.0b | 10.2x | 16x | 0.2x |
| Sat, 19 Nov 2022 | HK$360.8b | HK$1.5t | HK$25.4b | 9.6x | 14.2x | 0.2x |
| Mon, 17 Oct 2022 | HK$306.8b | HK$1.5t | HK$25.3b | 8.8x | 12.1x | 0.2x |
| Wed, 14 Sep 2022 | HK$373.3b | HK$1.5t | HK$27.3b | 7.8x | 13.7x | 0.2x |
| Fri, 12 Aug 2022 | HK$418.8b | HK$1.5t | HK$38.6b | 6.7x | 10.8x | 0.3x |
| Sun, 10 Jul 2022 | HK$451.2b | HK$1.5t | HK$38.2b | 5.4x | 11.8x | 0.3x |
| Tue, 07 Jun 2022 | HK$457.4b | HK$1.6t | HK$38.7b | 6.9x | 11.8x | 0.3x |
| Thu, 05 May 2022 | HK$430.4b | HK$1.6t | HK$47.2b | 9.3x | 9.1x | 0.3x |
| Sat, 02 Apr 2022 | HK$502.5b | HK$1.6t | HK$48.5b | 7.2x | 10.4x | 0.3x |
| Mon, 28 Feb 2022 | HK$532.1b | HK$1.5t | HK$71.9b | 11.8x | 7.4x | 0.3x |
| Wed, 26 Jan 2022 | HK$595.3b | HK$1.5t | HK$69.4b | 9.3x | 8.6x | 0.4x |
| Fri, 24 Dec 2021 | HK$633.2b | HK$1.5t | HK$69.2b | 8.5x | 9.1x | 0.4x |
Price to Earnings Ratio
9.1x
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 36.1x which is higher than its 3-year average PE of 19.0x.
- The industry is trading close to its 3-year average PS ratio of 0.36x.
Past Earnings Growth
- The earnings for companies in the Tech industry have declined 28% per year over the last three years,
- Revenues have also declined 3.3% 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 | -2.45% | |
| Tech | -4.54% | |
| Tech Hardware | -2.00% | |
| Tech Hardware Storage and Peripherals | -2.00% | |
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 | |
|---|---|---|---|---|---|
| 3396 Legend Holdings | HK$7.57 | 1.1% +HK$188.5m | 8.3% | PS0.04x | |
| 1401 Sprocomm Intelligence | HK$1.39 | 7.8% +HK$100.0m | -50.4% | PE39.8x | |
| 8111 China Technology Industry Group | HK$0.18 | 8.2% +HK$6.5m | 196.8% | PB2.5x | |
| 8050 Quantum Thinking | HK$0.098 | 3.2% +HK$4.1m | -25.8% | PS4.5x | |
| 164 China Baoli Technologies Holdings | HK$0.43 | 2.4% +HK$1.1m | -27.5% | PS1.1x |