PCCW Limited (HKG:8) Shares Could Be 41% Below Their Intrinsic Value Estimate
Jun 02
Have your own idea? Try our Stock Screener
Hong Kong (HSI) Telecom Sector Analysis
UpdatedJun 10, 2025
DataAggregated Company Financials
Companies131
- 7D2.8%
- 3M2.7%
- 1Y31.7%
- YTD24.1%
In the last week, the Telecom industry is up 2.0%, with Tencent Holdings up 3.9%. This takes the industry's 12 month performance to a gain of 31%. As for the next few years, earnings are expected to grow by 9.1% per annum.
Sector Valuation and Performance
Has the Hong Kong Telecom Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 10 Jun 2025 | HK$9.4t | HK$3.6t | HK$501.9b | 14.3x | 18.7x | 2.6x |
| Thu, 08 May 2025 | HK$8.8t | HK$3.5t | HK$484.5b | 12.6x | 18.1x | 2.5x |
| Sat, 05 Apr 2025 | HK$8.8t | HK$3.4t | HK$479.0b | 13.7x | 18.4x | 2.6x |
| Mon, 03 Mar 2025 | HK$8.5t | HK$3.4t | HK$451.6b | 11.9x | 18.7x | 2.5x |
| Wed, 29 Jan 2025 | HK$7.6t | HK$3.4t | HK$451.6b | 11.3x | 16.7x | 2.2x |
| Fri, 27 Dec 2024 | HK$7.7t | HK$3.4t | HK$446.5b | 12x | 17.2x | 2.3x |
| Sun, 24 Nov 2024 | HK$7.3t | HK$3.4t | HK$450.7b | 11x | 16.1x | 2.1x |
| Tue, 22 Oct 2024 | HK$7.1t | HK$3.3t | HK$404.4b | 11.5x | 17.7x | 2.2x |
| Thu, 19 Sep 2024 | HK$6.6t | HK$3.3t | HK$406.3b | 10.3x | 16.2x | 2x |
| Sat, 17 Aug 2024 | HK$6.6t | HK$3.3t | HK$402.2b | 10.8x | 16.3x | 2x |
| Mon, 15 Jul 2024 | HK$6.9t | HK$3.2t | HK$370.7b | 12.4x | 18.7x | 2.1x |
| Wed, 12 Jun 2024 | HK$6.7t | HK$3.2t | HK$370.6b | 11.4x | 18x | 2.1x |
| Fri, 10 May 2024 | HK$6.6t | HK$3.2t | HK$348.7b | 11.8x | 18.8x | 2x |
| Sun, 07 Apr 2024 | HK$5.9t | HK$3.2t | HK$345.9b | 11.3x | 16.9x | 1.8x |
| Tue, 05 Mar 2024 | HK$5.5t | HK$3.2t | HK$426.3b | 11.9x | 13x | 1.7x |
| Thu, 01 Feb 2024 | HK$5.4t | HK$3.2t | HK$429.1b | 12x | 12.6x | 1.7x |
| Sat, 30 Dec 2023 | HK$5.6t | HK$3.2t | HK$428.4b | 12.4x | 13.1x | 1.7x |
| Mon, 27 Nov 2023 | HK$5.9t | HK$3.2t | HK$424.2b | 12.9x | 13.8x | 1.8x |
| Wed, 25 Oct 2023 | HK$5.5t | HK$3.1t | HK$409.7b | 12x | 13.4x | 1.8x |
| Fri, 22 Sep 2023 | HK$5.9t | HK$3.1t | HK$407.2b | 11.5x | 14.4x | 1.9x |
| Sun, 20 Aug 2023 | HK$6.0t | HK$3.1t | HK$398.1b | 11.4x | 15.1x | 2x |
| Tue, 18 Jul 2023 | HK$6.4t | HK$3.1t | HK$388.1b | 13.6x | 16.4x | 2.1x |
| Thu, 15 Jun 2023 | HK$6.3t | HK$3.1t | HK$389.4b | 14.2x | 16.2x | 2x |
| Sat, 13 May 2023 | HK$6.2t | HK$3.2t | HK$393.4b | 14.5x | 15.8x | 2x |
| Mon, 10 Apr 2023 | HK$6.8t | HK$3.1t | HK$394.0b | 14.7x | 17.3x | 2.2x |
| Wed, 08 Mar 2023 | HK$6.5t | HK$3.1t | HK$381.7b | 11x | 17.1x | 2.1x |
| Fri, 03 Feb 2023 | HK$6.5t | HK$3.2t | HK$397.0b | 11.4x | 16.3x | 2x |
| Sun, 01 Jan 2023 | HK$5.7t | HK$3.1t | HK$385.4b | 10.7x | 14.7x | 1.8x |
| Tue, 29 Nov 2022 | HK$4.9t | HK$3.0t | HK$371.3b | 9.5x | 13.2x | 1.7x |
| Thu, 27 Oct 2022 | HK$4.1t | HK$2.9t | HK$368.5b | 9.8x | 11.2x | 1.4x |
| Sat, 24 Sep 2022 | HK$5.0t | HK$3.0t | HK$377.3b | 10x | 13.2x | 1.7x |
| Mon, 22 Aug 2022 | HK$5.5t | HK$3.1t | HK$386.0b | 8.8x | 14.3x | 1.8x |
| Wed, 20 Jul 2022 | HK$5.6t | HK$3.1t | HK$401.1b | 9.3x | 13.8x | 1.8x |
| Fri, 17 Jun 2022 | HK$6.0t | HK$3.1t | HK$403.8b | 10.7x | 14.8x | 1.9x |
Price to Earnings Ratio
14.8x
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 18.5x which is higher than its 3-year average PE of 15.8x.
- The 3-year average PS ratio of 2.0x is lower than the industry's current PS ratio of 2.6x.
Past Earnings Growth
- The earnings for companies in the Communication Services industry have grown 7.5% per year over the last three years.
- Revenues for these companies have grown 4.9% 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 | 4.04% | |
| Telecom | 2.82% | |
| Entertainment | 6.77% | |
| Interactive Media and Services | 4.61% | |
| Media | 4.43% | |
| Wireless Telecom | -0.50% | |
| Telecom Services and Carriers | -1.15% | |
Industry PE
- Investors are most optimistic about the Entertainment industry even though it's trading below its 3-year average PE ratio of 32.6x.
- Analysts are expecting annual earnings growth of 12.9%, which is higher than its past year's earnings growth of 5.0% per year.
Forecasted Growth
- Analysts are most optimistic on the Media industry, expecting annual earnings growth of 37% over the next 5 years.
- This is better than its past earnings growth rate of 3.7% per year.
- In contrast, the Wireless Telecom industry is expected to see its earnings grow by 3.3% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 700 Tencent Holdings | HK$513.50 | 1.7% +HK$75.5b | 37.4% | PE21.4x | |
| 1024 Kuaishou Technology | HK$61.50 | 20.1% +HK$43.8b | 19.1% | PE15.8x | |
| 9999 NetEase | HK$204.60 | 3.7% +HK$23.1b | 39.6% | PE18.3x | |
| 9899 NetEase Cloud Music | HK$230.00 | 10.7% +HK$4.8b | 124.4% | PE29.3x | |
| 1060 Alibaba Pictures Group | HK$1.03 | 14.4% +HK$3.9b | 134.1% | PE77.5x |
