Analysis Article • May 06
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Hong Kong (HSI) Telecom Sector Analysis
UpdatedMay 07, 2026
DataAggregated Company Financials
Companies135
- 7D-1.7%
- 3M-10.3%
- 1Y-3.3%
- YTD-17.4%
The Telecom industry is down 1.7% over the last week with HKT Trust and HKT the worst performer, down 1.1%. However, the industry is down 3.3% over the past year. Earnings are forecast to grow by 8.1% annually.
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 |
|---|---|---|---|---|---|---|
| Fri, 08 May 2026 | HK$8.4t | HK$3.9t | HK$569.5b | 12.5x | 14.7x | 2.2x |
| Sun, 05 Apr 2026 | HK$8.4t | HK$3.8t | HK$567.0b | 12.5x | 14.8x | 2.2x |
| Tue, 03 Mar 2026 | HK$8.9t | HK$3.8t | HK$563.0b | 14.7x | 15.8x | 2.3x |
| Thu, 29 Jan 2026 | HK$10.1t | HK$3.7t | HK$557.1b | 16.1x | 18x | 2.7x |
| Sat, 27 Dec 2025 | HK$9.9t | HK$3.7t | HK$550.2b | 14.3x | 17.9x | 2.7x |
| Mon, 24 Nov 2025 | HK$10.1t | HK$3.6t | HK$543.2b | 15.6x | 18.5x | 2.8x |
| Wed, 22 Oct 2025 | HK$10.4t | HK$3.6t | HK$526.4b | 16.6x | 19.8x | 2.9x |
| Fri, 19 Sep 2025 | HK$10.6t | HK$3.6t | HK$527.5b | 17.2x | 20.2x | 3x |
| Sun, 17 Aug 2025 | HK$10.2t | HK$3.6t | HK$519.5b | 16.9x | 19.5x | 2.8x |
| Tue, 15 Jul 2025 | HK$9.2t | HK$3.6t | HK$502.9b | 16.7x | 18.3x | 2.6x |
| Thu, 12 Jun 2025 | HK$9.4t | HK$3.5t | HK$501.6b | 14.3x | 18.7x | 2.6x |
| Sat, 10 May 2025 | HK$8.8t | HK$3.5t | HK$484.6b | 13.4x | 18.2x | 2.5x |
| Mon, 07 Apr 2025 | HK$8.8t | HK$3.4t | HK$479.1b | 13.7x | 18.4x | 2.6x |
| Wed, 05 Mar 2025 | HK$8.6t | HK$3.4t | HK$452.3b | 11.9x | 19x | 2.5x |
| Fri, 31 Jan 2025 | HK$7.6t | HK$3.4t | HK$451.6b | 11.3x | 16.7x | 2.2x |
| Sun, 29 Dec 2024 | HK$7.7t | HK$3.4t | HK$446.2b | 11.7x | 17.2x | 2.3x |
| Tue, 26 Nov 2024 | HK$7.2t | HK$3.4t | HK$450.6b | 10.8x | 16x | 2.1x |
| Thu, 24 Oct 2024 | HK$7.6t | HK$3.4t | HK$437.3b | 11.8x | 17.4x | 2.2x |
| Sat, 21 Sep 2024 | HK$6.7t | HK$3.3t | HK$408.7b | 10.3x | 16.3x | 2x |
| Mon, 19 Aug 2024 | HK$6.6t | HK$3.3t | HK$399.7b | 10.8x | 16.4x | 2x |
| Wed, 17 Jul 2024 | HK$6.7t | HK$3.2t | HK$369.8b | 12.3x | 18.2x | 2.1x |
| Fri, 14 Jun 2024 | HK$6.7t | HK$3.2t | HK$370.7b | 11.6x | 18x | 2.1x |
| Sun, 12 May 2024 | HK$6.6t | HK$3.2t | HK$348.6b | 12.2x | 19.1x | 2.1x |
| Tue, 09 Apr 2024 | HK$5.8t | HK$3.2t | HK$346.1b | 11.5x | 16.9x | 1.8x |
| Thu, 07 Mar 2024 | HK$5.5t | HK$2.6t | HK$394.1b | 13.3x | 14.1x | 2.1x |
| Sat, 03 Feb 2024 | HK$5.5t | HK$3.2t | HK$429.0b | 12.5x | 12.8x | 1.7x |
| Mon, 01 Jan 2024 | HK$5.6t | HK$3.2t | HK$428.1b | 12.4x | 13.1x | 1.7x |
| Wed, 29 Nov 2023 | HK$5.8t | HK$3.2t | HK$424.1b | 12.9x | 13.7x | 1.8x |
| Fri, 27 Oct 2023 | HK$5.5t | HK$3.1t | HK$408.9b | 11.2x | 13.4x | 1.8x |
| Sun, 24 Sep 2023 | HK$6.0t | HK$3.1t | HK$407.5b | 11.6x | 14.7x | 1.9x |
| Tue, 22 Aug 2023 | HK$6.0t | HK$3.1t | HK$396.9b | 11.5x | 15.2x | 2x |
| Thu, 20 Jul 2023 | HK$6.2t | HK$3.1t | HK$385.2b | 13.3x | 16x | 2x |
| Sat, 17 Jun 2023 | HK$6.5t | HK$3.1t | HK$391.5b | 14x | 16.5x | 2.1x |
| Mon, 15 May 2023 | HK$6.2t | HK$3.2t | HK$393.1b | 14.5x | 15.8x | 2x |
Price to Earnings Ratio
15.8x
Current Industry PE
- Investors are pessimistic on the Hong Kong Communication Services industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 14.7x which is lower than its 3-year average PE of 16.8x.
- The industry is trading close to its 3-year average PS ratio of 2.2x.
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 6.8% 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 | -0.53% | |
| Telecom | -1.73% | |
| Entertainment | 2.26% | |
| Media | 1.86% | |
| Wireless Telecom | -0.86% | |
| Telecom Services and Carriers | -0.96% | |
| Interactive Media and Services | -3.04% | |
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 34.8%, which is higher than its past year's earnings decline of 3.1% per year.
- Investors are most pessimistic about the Wireless Telecom industry, which is trading close to its 3-year average of 11.1x.
Forecasted Growth
- Analysts are most optimistic on the Media industry, expecting annual earnings growth of 35% over the next 5 years.
- This is better than its past earnings decline of 3.1% per year.
- In contrast, the Wireless Telecom industry is expected to see its earnings grow by 3.1% 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$477.40 | 2.1% +HK$86.6b | -4.1% | PE16.6x | |
| 1024 Kuaishou Technology | HK$48.40 | 12.8% +HK$23.9b | -9.1% | PE9.8x | |
| 9999 NetEase | HK$185.60 | 3.7% +HK$21.1b | 11.9% | PE15.2x | |
| 941 China Mobile | HK$85.30 | 0.8% +HK$15.2b | 2.2% | PE11.8x | |
| 728 China Telecom | HK$5.35 | 2.7% +HK$12.8b | -4.3% | PE13.4x |
