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Hong Kong (HSI) Telecom Sector Analysis

UpdatedNov 20, 2025
DataAggregated Company Financials
Companies130
  • 7D-3.9%
  • 3M-2.2%
  • 1Y41.2%
  • YTD35.1%

Over the last 7 days, the Telecom industry has dropped 4.2%, driven by a pullback from Tencent Holdings of 4.8%. This takes the industry's 12 month performance to a gain of 41%. As for the next few years, earnings are expected to grow by 10% per annum.

Sector Valuation and Performance

Has the Hong Kong Telecom Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 22 Nov 2025HK$10.2tHK$3.6tHK$529.4b15.8x19.3x2.8x
Mon, 20 Oct 2025HK$10.1tHK$3.6tHK$525.4b16.8x19.3x2.8x
Wed, 17 Sep 2025HK$10.7tHK$3.6tHK$527.1b17.3x20.3x3x
Fri, 15 Aug 2025HK$10.2tHK$3.6tHK$516.1b16.8x19.7x2.8x
Sun, 13 Jul 2025HK$9.2tHK$3.6tHK$502.8b16.3x18.2x2.6x
Tue, 10 Jun 2025HK$9.4tHK$3.6tHK$501.9b14.3x18.7x2.6x
Thu, 08 May 2025HK$8.8tHK$3.5tHK$484.5b12.6x18.1x2.5x
Sat, 05 Apr 2025HK$8.8tHK$3.4tHK$479.0b13.7x18.4x2.6x
Mon, 03 Mar 2025HK$8.5tHK$3.4tHK$451.6b11.9x18.7x2.5x
Wed, 29 Jan 2025HK$7.6tHK$3.4tHK$451.6b11.3x16.7x2.2x
Fri, 27 Dec 2024HK$7.7tHK$3.4tHK$446.5b12x17.2x2.3x
Sun, 24 Nov 2024HK$7.3tHK$3.4tHK$450.7b11x16.1x2.1x
Tue, 22 Oct 2024HK$7.1tHK$3.3tHK$404.4b11.5x17.7x2.2x
Thu, 19 Sep 2024HK$6.6tHK$3.3tHK$406.3b10.3x16.2x2x
Sat, 17 Aug 2024HK$6.6tHK$3.3tHK$402.2b10.8x16.3x2x
Mon, 15 Jul 2024HK$6.9tHK$3.2tHK$370.7b12.4x18.7x2.1x
Wed, 12 Jun 2024HK$6.7tHK$3.2tHK$370.6b11.4x18x2.1x
Fri, 10 May 2024HK$6.6tHK$3.2tHK$348.7b11.8x18.8x2x
Sun, 07 Apr 2024HK$5.9tHK$3.2tHK$345.9b11.3x16.9x1.8x
Tue, 05 Mar 2024HK$5.5tHK$3.2tHK$426.3b11.9x13x1.7x
Thu, 01 Feb 2024HK$5.4tHK$3.2tHK$429.1b12x12.6x1.7x
Sat, 30 Dec 2023HK$5.6tHK$3.2tHK$428.4b12.4x13.1x1.7x
Mon, 27 Nov 2023HK$5.9tHK$3.2tHK$424.2b12.9x13.8x1.8x
Wed, 25 Oct 2023HK$5.5tHK$3.1tHK$409.7b12x13.4x1.8x
Fri, 22 Sep 2023HK$5.9tHK$3.1tHK$407.2b11.5x14.4x1.9x
Sun, 20 Aug 2023HK$6.0tHK$3.1tHK$398.1b11.4x15.1x2x
Tue, 18 Jul 2023HK$6.4tHK$3.1tHK$388.1b13.6x16.4x2.1x
Thu, 15 Jun 2023HK$6.3tHK$3.1tHK$389.4b14.2x16.2x2x
Sat, 13 May 2023HK$6.2tHK$3.2tHK$393.4b14.5x15.8x2x
Mon, 10 Apr 2023HK$6.8tHK$3.1tHK$394.0b14.7x17.3x2.2x
Wed, 08 Mar 2023HK$6.5tHK$3.1tHK$381.7b11x17.1x2.1x
Fri, 03 Feb 2023HK$6.5tHK$3.2tHK$397.0b11.4x16.3x2x
Sun, 01 Jan 2023HK$5.7tHK$3.1tHK$385.4b10.7x14.7x1.8x
Tue, 29 Nov 2022HK$4.9tHK$3.0tHK$371.3b9.5x13.2x1.7x
Price to Earnings Ratio

13.2x


Total Market Cap: HK$4.9tTotal Earnings: HK$371.3bTotal Revenue: HK$3.0tTotal Market Cap vs Earnings and Revenue0%0%0%
Hong Kong Telecom Sector Price to Earnings3Y Average 16.7x202320242025
Current Industry PE
  • Investors are optimistic on the Hong Kong Communication Services industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 19.3x which is higher than its 3-year average PE of 16.7x.
  • The 3-year average PS ratio of 2.2x is lower than the industry's current PS ratio of 2.8x.
Past Earnings Growth
  • The earnings for companies in the Communication Services industry have grown 13% per year over the last three years.
  • Revenues for these companies have grown 6.7% 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 Telecom sector?

HK Market-4.65%
Telecom-3.92%
Telecom Services and Carriers-0.59%
Wireless Telecom-1.71%
Interactive Media and Services-4.83%
Media-5.11%
Entertainment-6.96%
Industry PE
  • Investors are most optimistic about the Media industry which is trading above its 3-year average PE ratio.
    • Analysts are expecting annual earnings growth of 38.1%, which is higher than its past year's earnings decline of 12.8% per year.
  • Investors are most pessimistic about the Wireless Telecom industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 10.7x.
Forecasted Growth
  • Analysts are most optimistic on the Media industry, expecting annual earnings growth of 38% over the next 5 years.
  • This is better than its past earnings decline of 13% per year.
  • In contrast, the Wireless Telecom industry is expected to see its earnings grow by 4.4% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
728 China TelecomHK$5.851.4%
+HK$7.3b
31.8%PE14.2x
2306 YH Entertainment GroupHK$2.1412.6%
+HK$199.3m
234.4%PE21.9x
1948 Uju HoldingHK$5.143.4%
+HK$100.5m
414.0%PE23.8x
3798 Homeland Interactive TechnologyHK$1.564.7%
+HK$86.1m
20.9%PS1.4x
1883 CITIC Telecom International HoldingsHK$2.550.8%
+HK$74.0m
12.8%PE10.3x

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