Would China Technology Industry Group (HKG:8111) Be Better Off With Less Debt?
Sep 13
Hong Kong (HSI) Tech Hardware Industry Analysis
UpdatedSep 20, 2023
DataAggregated Company Financials
Companies16
- 7D-0.2%
- 3M10.8%
- 1Y19.6%
- YTD8.9%
The Tech Hardware is pretty flat in the last 7 days, but Sprocomm Intelligence has stood out, gaining 22%. The past year has been better, since the industry has gained 20% in that time. Looking forward, earnings are forecast to grow by 18% 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 |
|---|---|---|---|---|---|---|
| Wed, 20 Sep 2023 | HK$424.1b | HK$1.2t | HK$19.9b | 20.2x | 21.4x | 0.3x |
| Fri, 18 Aug 2023 | HK$419.2b | HK$1.3t | HK$22.6b | 12.9x | 18.5x | 0.3x |
| Sun, 16 Jul 2023 | HK$418.6b | HK$1.3t | HK$22.8b | 13x | 18.4x | 0.3x |
| Tue, 13 Jun 2023 | HK$388.0b | HK$1.3t | HK$22.9b | 12.9x | 17x | 0.3x |
| Thu, 11 May 2023 | HK$406.6b | HK$1.4t | HK$20.1b | 13.5x | 20.3x | 0.3x |
| Sat, 08 Apr 2023 | HK$435.6b | HK$1.4t | HK$20.1b | 13.8x | 21.6x | 0.3x |
| Mon, 06 Mar 2023 | HK$435.9b | HK$1.5t | HK$21.6b | 10.9x | 20.2x | 0.3x |
| Wed, 01 Feb 2023 | HK$430.8b | HK$1.5t | HK$23.3b | 10.9x | 18.5x | 0.3x |
| Fri, 30 Dec 2022 | HK$378.5b | HK$1.5t | HK$23.0b | 10.3x | 16.4x | 0.3x |
| Sun, 27 Nov 2022 | HK$338.1b | HK$1.5t | HK$22.9b | 9.9x | 14.7x | 0.2x |
| Tue, 25 Oct 2022 | HK$325.6b | HK$1.5t | HK$25.2b | 8.9x | 12.9x | 0.2x |
| Thu, 22 Sep 2022 | HK$345.7b | HK$1.5t | HK$25.5b | 9.7x | 13.6x | 0.2x |
| Sat, 20 Aug 2022 | HK$409.8b | HK$1.5t | HK$38.4b | 6.6x | 10.7x | 0.3x |
| Mon, 18 Jul 2022 | HK$426.7b | HK$1.5t | HK$38.1b | 6.5x | 11.2x | 0.3x |
| Wed, 15 Jun 2022 | HK$434.2b | HK$1.6t | HK$38.4b | 8.2x | 11.3x | 0.3x |
| Fri, 13 May 2022 | HK$427.3b | HK$1.6t | HK$46.7b | 6.9x | 9.1x | 0.3x |
| Sun, 10 Apr 2022 | HK$487.2b | HK$1.6t | HK$48.3b | 9.7x | 10.1x | 0.3x |
| Tue, 08 Mar 2022 | HK$484.0b | HK$1.5t | HK$77.0b | 9.4x | 6.3x | 0.3x |
| Thu, 03 Feb 2022 | HK$564.5b | HK$1.5t | HK$69.2b | 9.4x | 8.2x | 0.4x |
| Sat, 01 Jan 2022 | HK$637.3b | HK$1.5t | HK$69.2b | 8.6x | 9.2x | 0.4x |
| Mon, 29 Nov 2021 | HK$629.6b | HK$1.5t | HK$69.0b | 8.1x | 9.1x | 0.4x |
| Wed, 27 Oct 2021 | HK$718.8b | HK$1.5t | HK$72.4b | 9.3x | 9.9x | 0.5x |
| Fri, 24 Sep 2021 | HK$723.1b | HK$1.5t | HK$71.7b | 9.1x | 10.1x | 0.5x |
| Sun, 22 Aug 2021 | HK$735.3b | HK$1.5t | HK$71.6b | 8.9x | 10.3x | 0.5x |
| Fri, 09 Jul 2021 | HK$842.0b | HK$1.5t | HK$71.6b | 9.2x | 11.8x | 0.6x |
| Thu, 01 Apr 2021 | HK$842.9b | HK$1.4t | HK$60.4b | 12.5x | 14x | 0.6x |
| Sun, 03 Jan 2021 | HK$975.4b | HK$1.3t | HK$48.3b | 11.8x | 20.2x | 0.8x |
| Wed, 07 Oct 2020 | HK$598.5b | HK$1.2t | HK$36.8b | 6.6x | 16.3x | 0.5x |
Price to Earnings Ratio
16.3x
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 21.4x which is higher than its 3-year average PE of 14.4x.
- The industry is trading close to its 3-year average PS ratio of 0.41x.
Past Earnings Growth
- The earnings for companies in the Tech industry have declined 19% per year over the last three years.
- Meanwhile revenues have remained mostly flat.
- This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Hong Kong Tech industry?
| HK Market | 0.63% | |
| Tech | -1.33% | |
| Tech Hardware | -0.23% | |
| Tech Hardware Storage and Peripherals | -0.23% | |
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 | |
|---|---|---|---|---|---|
| 1401 Sprocomm Intelligence | HK$3.99 | 21.6% +HK$710.0m | 470.0% | PE456.5x | |
| 1263 PC Partner Group | HK$3.27 | 4.5% +HK$54.3m | -47.4% | PS0.2x | |
| 2086 Leadway Technology Investment Group | HK$0.65 | 3.2% +HK$6.4m | -61.8% | PS2.2x | |
| 8111 China Technology Industry Group | HK$0.048 | 4.3% +HK$896.4k | -68.0% | PS1.3x |