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Hong Kong (HSI) Telecom Sector Analysis

UpdatedDec 21, 2024
DataAggregated Company Financials
Companies135
  • 7D2.4%
  • 3M9.3%
  • 1Y36.8%
  • YTD27.7%

Over the last 7 days, the Telecom industry has risen 2.4%, driven by gains from Tencent Holdings of 4.1%. In the same time, Kuaishou Technology was down 8.1%. This takes the industry's 12 month performance to a gain of 37%. Looking forward, 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
Sun, 22 Dec 2024HK$7.7tHK$3.4tHK$446.7b11.8x17.3x2.3x
Tue, 19 Nov 2024HK$7.4tHK$3.4tHK$450.4b11.5x16.3x2.2x
Thu, 17 Oct 2024HK$7.1tHK$3.3tHK$404.1b11.5x17.5x2.1x
Sat, 14 Sep 2024HK$6.5tHK$3.3tHK$406.6b10.5x15.9x1.9x
Mon, 12 Aug 2024HK$6.4tHK$3.3tHK$377.8b10.4x17.1x2x
Wed, 10 Jul 2024HK$6.8tHK$3.2tHK$369.9b11.8x18.3x2.1x
Fri, 07 Jun 2024HK$6.7tHK$3.2tHK$370.5b11.4x18.1x2.1x
Sun, 05 May 2024HK$6.5tHK$3.2tHK$348.0b11.5x18.7x2x
Tue, 02 Apr 2024HK$5.8tHK$3.2tHK$346.2b11.7x16.8x1.8x
Thu, 29 Feb 2024HK$5.5tHK$3.2tHK$426.1b12.1x13x1.7x
Sat, 27 Jan 2024HK$5.5tHK$3.2tHK$426.3b12.4x13x1.7x
Mon, 25 Dec 2023HK$5.3tHK$3.2tHK$426.2b12.8x12.4x1.7x
Wed, 22 Nov 2023HK$5.9tHK$3.2tHK$413.0b13x14.2x1.8x
Fri, 20 Oct 2023HK$5.7tHK$3.1tHK$407.4b12.1x13.9x1.8x
Sun, 17 Sep 2023HK$6.1tHK$3.1tHK$409.1b11.1x14.8x1.9x
Tue, 15 Aug 2023HK$6.2tHK$3.1tHK$389.9b12.1x16x2x
Thu, 13 Jul 2023HK$6.1tHK$3.1tHK$387.5b13.9x15.8x2x
Sat, 10 Jun 2023HK$6.3tHK$3.1tHK$391.2b14.6x16.1x2x
Mon, 08 May 2023HK$6.4tHK$3.2tHK$395.8b15.2x16.3x2x
Wed, 05 Apr 2023HK$6.8tHK$3.1tHK$398.0b12.7x17.1x2.2x
Fri, 03 Mar 2023HK$6.4tHK$3.1tHK$383.1b11x16.7x2.1x
Sun, 29 Jan 2023HK$6.7tHK$3.1tHK$392.6b12x17.1x2.1x
Tue, 27 Dec 2022HK$5.5tHK$3.0tHK$382.3b10.4x14.5x1.8x
Thu, 24 Nov 2022HK$5.0tHK$3.0tHK$372.9b10x13.4x1.7x
Sat, 22 Oct 2022HK$4.4tHK$2.9tHK$371.6b9.9x11.8x1.5x
Mon, 19 Sep 2022HK$5.2tHK$3.0tHK$382.0b10.4x13.5x1.7x
Wed, 17 Aug 2022HK$5.4tHK$3.1tHK$413.1b9.2x13.1x1.8x
Fri, 15 Jul 2022HK$5.7tHK$3.1tHK$403.4b9.5x14.1x1.9x
Sun, 12 Jun 2022HK$6.3tHK$3.1tHK$343.9b10.8x18.4x2.1x
Tue, 10 May 2022HK$5.7tHK$3.1tHK$374.8b10.6x15.3x1.9x
Thu, 07 Apr 2022HK$6.3tHK$3.2tHK$386.8b11.4x16.2x2x
Sat, 05 Mar 2022HK$6.4tHK$3.1tHK$325.9b10.6x19.7x2.1x
Mon, 31 Jan 2022HK$7.0tHK$3.1tHK$321.8b10x21.8x2.3x
Wed, 29 Dec 2021HK$6.7tHK$3.1tHK$321.5b9.9x21x2.2x
Price to Earnings Ratio

21x


Total Market Cap: HK$6.7tTotal Earnings: HK$321.5bTotal Revenue: HK$3.1tTotal Market Cap vs Earnings and Revenue0%0%0%
Hong Kong Telecom Sector Price to Earnings3Y Average 15.9x202220232024
Current Industry PE
  • Investors are relatively neutral on the Hong Kong Communication Services industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 15.9x.
  • The 3-year average PS ratio of 1.9x is lower than the industry's current PS ratio of 2.3x.
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 3.0% 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%
Telecom2.42%
Interactive Media and Services3.42%
Telecom Services and Carriers3.26%
Wireless Telecom1.74%
Entertainment-2.26%
Media-3.72%
Industry PE
  • Investors are most optimistic about the Entertainment industry even though it's trading below its 3-year average PE ratio of 51.3x.
    • Analysts are expecting annual earnings growth of 13.6%, which is higher than its past year's earnings growth of 10.1% per year.
Forecasted Growth
  • Analysts are most optimistic on the Media industry, expecting annual earnings growth of 26% over the next 5 years.
  • This is better than its past earnings decline of 2.2% per year.
  • In contrast, the Wireless Telecom industry is expected to see its earnings grow by 2.7% 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$426.404.1%
+HK$151.8b
55.6%PE21.5x
941 China MobileHK$75.351.8%
+HK$27.9b
22.0%PE11.1x
728 China TelecomHK$4.853.0%
+HK$12.8b
40.2%PE12.8x
762 China Unicom (Hong Kong)HK$7.155.9%
+HK$12.2b
58.2%PE10x
788 China TowerHK$1.124.7%
+HK$8.7b
38.3%PE17.4x
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