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Hong Kong (HSI) Telecom Sector Analysis

UpdatedNov 11, 2025
DataAggregated Company Financials
Companies131
  • 7D2.7%
  • 3M4.5%
  • 1Y50.1%
  • YTD42.6%

Over the last 7 days, the Telecom industry has risen 2.5%, driven by gains from Tencent Holdings of 3.3%. This takes the industry's 12 month performance to a gain of 47%. Earnings are forecast to grow by 10% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 12 Nov 2025HK$10.6tHK$3.6tHK$527.4b16.8x20.1x3x
Fri, 10 Oct 2025HK$10.9tHK$3.6tHK$526.5b18.3x20.7x3x
Sun, 07 Sep 2025HK$10.2tHK$3.6tHK$526.6b17.7x19.4x2.8x
Tue, 05 Aug 2025HK$9.7tHK$3.6tHK$502.5b16.4x19.3x2.7x
Thu, 03 Jul 2025HK$9.2tHK$3.6tHK$502.8b16.4x18.3x2.6x
Sat, 31 May 2025HK$9.1tHK$3.5tHK$500.6b14x18.2x2.6x
Mon, 28 Apr 2025HK$8.6tHK$3.4tHK$480.2b12.9x17.8x2.5x
Wed, 26 Mar 2025HK$8.7tHK$3.4tHK$480.7b11.8x18.2x2.5x
Fri, 21 Feb 2025HK$8.6tHK$3.4tHK$450.0b12x19.1x2.5x
Sun, 19 Jan 2025HK$7.3tHK$3.4tHK$446.5b10.9x16.3x2.2x
Tue, 17 Dec 2024HK$7.5tHK$3.4tHK$447.8b12x16.8x2.2x
Thu, 14 Nov 2024HK$7.3tHK$3.4tHK$434.2b11.4x16.8x2.2x
Sat, 12 Oct 2024HK$7.4tHK$3.3tHK$406.7b11.2x18.1x2.2x
Mon, 09 Sep 2024HK$6.5tHK$3.3tHK$406.8b10.9x16.1x2x
Wed, 07 Aug 2024HK$6.3tHK$3.3tHK$375.9b10.5x16.8x1.9x
Fri, 05 Jul 2024HK$6.8tHK$3.2tHK$369.8b11.5x18.4x2.1x
Sun, 02 Jun 2024HK$6.5tHK$3.2tHK$371.1b11.7x17.6x2x
Tue, 30 Apr 2024HK$6.3tHK$3.2tHK$348.4b11.7x18.1x2x
Thu, 28 Mar 2024HK$5.8tHK$3.2tHK$346.3b11.4x16.7x1.8x
Sat, 24 Feb 2024HK$5.7tHK$3.2tHK$426.0b13.2x13.4x1.8x
Mon, 22 Jan 2024HK$5.3tHK$3.2tHK$425.2b11.9x12.5x1.7x
Wed, 20 Dec 2023HK$5.7tHK$3.2tHK$425.1b13.4x13.4x1.8x
Fri, 17 Nov 2023HK$5.9tHK$3.1tHK$406.6b13x14.5x1.9x
Sun, 15 Oct 2023HK$5.8tHK$3.1tHK$407.8b12.5x14.3x1.9x
Tue, 12 Sep 2023HK$6.0tHK$3.1tHK$408.2b11.2x14.8x1.9x
Thu, 10 Aug 2023HK$6.2tHK$3.1tHK$387.7b12.7x16x2x
Sat, 08 Jul 2023HK$6.0tHK$3.1tHK$386.0b13.6x15.5x2x
Mon, 05 Jun 2023HK$6.2tHK$3.1tHK$393.8b12.5x15.8x2x
Wed, 03 May 2023HK$6.4tHK$3.2tHK$395.8b13.9x16.3x2x
Fri, 31 Mar 2023HK$6.6tHK$3.1tHK$400.2b11.9x16.6x2.1x
Sun, 26 Feb 2023HK$6.1tHK$3.1tHK$382.8b11.6x15.9x2x
Tue, 24 Jan 2023HK$6.5tHK$3.1tHK$392.8b11.5x16.5x2.1x
Thu, 22 Dec 2022HK$5.4tHK$3.0tHK$380.8b10.4x14.2x1.8x
Sat, 19 Nov 2022HK$5.0tHK$3.0tHK$367.8b10.2x13.6x1.7x
Price to Earnings Ratio

13.6x


Total Market Cap: HK$5.0tTotal Earnings: HK$367.8bTotal Revenue: HK$3.0tTotal Market Cap vs Earnings and Revenue0%0%0%
Hong Kong Telecom Sector Price to Earnings3Y Average 16.6x202320242025
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 20.1x which is higher than its 3-year average PE of 16.6x.
  • The 3-year average PS ratio of 2.2x is lower than the industry's current PS ratio of 3.0x.
Past Earnings Growth
  • The earnings for companies in the Communication Services industry have grown 12% per year over the last three years.
  • Revenues for these companies have grown 6.2% 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 Market3.21%
Telecom2.68%
Telecom Services and Carriers4.51%
Interactive Media and Services2.99%
Wireless Telecom2.04%
Entertainment-0.012%
Media-0.80%
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 37.6%, 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
700 Tencent HoldingsHK$650.003.3%
+HK$190.0b		61.0%PE25.9x
941 China MobileHK$88.502.1%
+HK$38.9b		28.1%PE12.3x
728 China TelecomHK$5.894.8%
+HK$24.7b		37.9%PE14.3x
788 China TowerHK$11.875.4%
+HK$10.7b		17.5%PE16.8x
762 China Unicom (Hong Kong)HK$9.853.6%
+HK$10.4b		56.8%PE12.8x

Latest News

941
HK$88.50
China Mobile
7D
2.1%
1Y
28.1%

Some Shareholders Feeling Restless Over China Mobile Limited's (HKG:941) P/E Ratio

Nov 11
Some Shareholders Feeling Restless Over China Mobile Limited's (HKG:941) P/E Ratio
9890
HK$14.12
Tanwan
7D
-8.3%
1Y
87.0%

Is Tanwan (HKG:9890) Using Too Much Debt?

Nov 11
Is Tanwan (HKG:9890) Using Too Much Debt?
9899
HK$206.40
NetEase Cloud Music
7D
-14.5%
1Y
79.5%
1024
HK$69.50
Kuaishou Technology
7D
-2.7%
1Y
38.9%

1024: Live-Streaming And E-Commerce Performance Will Drive Continued Share Momentum

Narrative Update on Kuaishou Technology Analysts have raised their price target for Kuaishou Technology from $8.00 to $8.50. They cite slightly better than expected performance in live-streaming and e-commerce as key factors supporting this upward revision.
9999
HK$220.00
NetEase
7D
1.5%
1Y
82.0%

9999: Share Buyback And Dividend Announcement Will Drive Market Confidence

Narrative Update: NetEase Analyst Price Target Adjustment Analysts have modestly increased their price target for NetEase to $248.15 from $245.57. This change reflects slight improvements in the company’s projected fair value and future earnings expectations.
700
HK$650.00
Tencent Holdings
7D
3.3%
1Y
61.0%

700: Offshore Bond Issuance Will Drive Expansion Despite Industry Pressures

Tencent Holdings' analyst price target has been raised slightly from HK$708.43 to HK$710.35. Analysts cite improving valuation metrics and a recent upgrade in outlook as reasons for this adjustment.
772
HK$39.44
China Literature
7D
-6.9%
1Y
44.5%

At HK$43.98, Is China Literature Limited (HKG:772) Worth Looking At Closely?

Nov 04
At HK$43.98, Is China Literature Limited (HKG:772) Worth Looking At Closely?
3888
HK$32.52
Kingsoft
7D
-2.6%
1Y
12.1%
1310
HK$6.95
HKBN
7D
-6.6%
1Y
87.3%

1310: Majority Stake Acquisition And Leadership Change Will Shape Future Prospects

Analysts have maintained their price target for HKBN at $6.50. They cite adjustments to discount rate, revenue growth, and profit margin assumptions that balance out to keep the fair value estimate unchanged.
762
HK$9.85
China Unicom (Hong Kong)
7D
3.6%
1Y
56.8%
728
HK$5.89
China Telecom
7D
4.8%
1Y
37.9%
6823
HK$11.90
HKT Trust and HKT
7D
3.7%
1Y
20.0%

HKT Trust and HKT (HKG:6823) Takes On Some Risk With Its Use Of Debt

Oct 22
HKT Trust and HKT (HKG:6823) Takes On Some Risk With Its Use Of Debt
136
HK$2.51
China Ruyi Holdings
7D
-6.7%
1Y
32.1%

China Ruyi Holdings Limited's (HKG:136) Price In Tune With Earnings

Oct 17
China Ruyi Holdings Limited's (HKG:136) Price In Tune With Earnings
788
HK$11.87
China Tower
7D
5.4%
1Y
17.5%
9911
HK$10.20
Newborn Town
7D
-4.3%
1Y
167.0%

Here's Why Newborn Town (HKG:9911) Has Caught The Eye Of Investors

Oct 08
Here's Why Newborn Town (HKG:9911) Has Caught The Eye Of Investors
8
HK$5.97
PCCW
7D
7.8%
1Y
38.8%

Is There An Opportunity With PCCW Limited's (HKG:8) 24% Undervaluation?

Sep 28
Is There An Opportunity With PCCW Limited's (HKG:8) 24% Undervaluation?