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Hong Kong (HSI) Tech Hardware Industry Analysis
UpdatedMay 13, 2025
DataAggregated Company Financials
Companies14
- 7D-3.4%
- 3M14.5%
- 1Y125.4%
- YTD42.7%
Over the last 7 days, the Tech Hardware industry has dropped 3.0%, driven by Xiaomi declining 4.7%. On the other hand Lenovo Group is actually up 10%. In the past year, the industry has gained 126%. Looking forward, earnings are forecast to grow by 22% 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, 14 May 2025 | HK$1.5t | HK$1.5t | HK$37.9b | 46.2x | 38.8x | 1x |
| Fri, 11 Apr 2025 | HK$1.2t | HK$1.5t | HK$37.3b | 30.8x | 32.3x | 0.8x |
| Sun, 09 Mar 2025 | HK$1.6t | HK$1.4t | HK$28.3b | 14.1x | 54.9x | 1.1x |
| Tue, 04 Feb 2025 | HK$1.1t | HK$1.4t | HK$25.6b | 12.8x | 42.9x | 0.8x |
| Thu, 02 Jan 2025 | HK$1.0t | HK$1.4t | HK$25.4b | 14x | 39.8x | 0.7x |
| Sat, 30 Nov 2024 | HK$828.8b | HK$1.4t | HK$25.6b | 13.9x | 32.4x | 0.6x |
| Mon, 28 Oct 2024 | HK$815.0b | HK$1.3t | HK$24.4b | 16.3x | 33.4x | 0.6x |
| Wed, 25 Sep 2024 | HK$674.9b | HK$1.4t | HK$24.6b | 20x | 27.4x | 0.5x |
| Fri, 23 Aug 2024 | HK$615.7b | HK$1.3t | HK$24.6b | 27.1x | 25x | 0.5x |
| Sun, 21 Jul 2024 | HK$560.5b | HK$1.2t | HK$22.4b | 24.8x | 25.1x | 0.4x |
| Tue, 18 Jun 2024 | HK$589.4b | HK$1.2t | HK$22.4b | 22.6x | 26.3x | 0.5x |
| Thu, 16 May 2024 | HK$653.7b | HK$1.2t | HK$20.6b | 21.1x | 31.7x | 0.5x |
| Sat, 13 Apr 2024 | HK$536.0b | HK$1.2t | HK$21.5b | 20x | 24.9x | 0.4x |
| Mon, 11 Mar 2024 | HK$469.3b | HK$1.2t | HK$23.7b | 18.1x | 19.8x | 0.4x |
| Wed, 07 Feb 2024 | HK$449.0b | HK$1.2t | HK$24.6b | 16.1x | 18.3x | 0.4x |
| Fri, 05 Jan 2024 | HK$536.6b | HK$1.2t | HK$24.6b | 17.2x | 21.8x | 0.4x |
| Sun, 03 Dec 2023 | HK$524.7b | HK$1.2t | HK$24.7b | 15.4x | 21.3x | 0.4x |
| Tue, 31 Oct 2023 | HK$502.2b | HK$1.2t | HK$19.7b | 12.3x | 25.4x | 0.4x |
| Thu, 28 Sep 2023 | HK$419.2b | HK$1.2t | HK$19.8b | 16x | 21.2x | 0.3x |
| Sat, 26 Aug 2023 | HK$428.0b | HK$1.3t | HK$20.0b | 12.3x | 21.4x | 0.3x |
| Mon, 24 Jul 2023 | HK$415.4b | HK$1.3t | HK$22.7b | 13.2x | 18.3x | 0.3x |
| Wed, 21 Jun 2023 | HK$393.5b | HK$1.3t | HK$22.8b | 13.1x | 17.3x | 0.3x |
| Fri, 19 May 2023 | HK$399.8b | HK$1.4t | HK$20.0b | 13.5x | 20x | 0.3x |
| Sun, 16 Apr 2023 | HK$436.8b | HK$1.4t | HK$20.1b | 13.8x | 21.7x | 0.3x |
| Tue, 14 Mar 2023 | HK$409.4b | HK$1.5t | HK$21.6b | 10.2x | 18.9x | 0.3x |
| Thu, 09 Feb 2023 | HK$429.9b | HK$1.5t | HK$23.3b | 10.9x | 18.5x | 0.3x |
| Sat, 07 Jan 2023 | HK$389.1b | HK$1.5t | HK$23.1b | 10.6x | 16.8x | 0.3x |
| Mon, 05 Dec 2022 | HK$353.8b | HK$1.5t | HK$22.9b | 9.7x | 15.4x | 0.2x |
| Wed, 02 Nov 2022 | HK$330.2b | HK$1.5t | HK$25.2b | 8.7x | 13.1x | 0.2x |
| Fri, 30 Sep 2022 | HK$311.6b | HK$1.5t | HK$25.3b | 8.7x | 12.3x | 0.2x |
| Sun, 28 Aug 2022 | HK$409.2b | HK$1.5t | HK$30.3b | 6.7x | 13.5x | 0.3x |
| Tue, 26 Jul 2022 | HK$441.5b | HK$1.5t | HK$38.1b | 6.6x | 11.6x | 0.3x |
| Thu, 23 Jun 2022 | HK$408.4b | HK$1.5t | HK$38.3b | 6.5x | 10.7x | 0.3x |
| Sat, 21 May 2022 | HK$444.6b | HK$1.6t | HK$37.0b | 6.7x | 12x | 0.3x |
Price to Earnings Ratio
12x
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 39.1x which is higher than its 3-year average PE of 23.9x.
- The industry is trading close to its 3-year average PS ratio of 0.44x.
Past Earnings Growth
- The earnings for companies in the Tech industry have declined 6.8% 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 | 3.43% | |
| Tech | -1.50% | |
| Tech Hardware | -3.42% | |
| Tech Hardware Storage and Peripherals | -3.42% | |
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$9.98 | 7.8% +HK$8.9b | -2.5% | PE10.3x | |
| 3396 Legend Holdings | HK$8.10 | 3.7% +HK$683.3m | 34.6% | PE132.3x | |
| 6133 Vital Innovations Holdings | HK$0.33 | 36.0% +HK$73.1m | n/a | PS0.2x | |
| 2385 Readboy Education Holding | HK$7.35 | 2.1% +HK$51.6m | 0.7% | PS5.1x | |
| 8050 Quantum Thinking | HK$0.14 | 8.7% +HK$14.9m | -6.1% | PS6.3x |
