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Hong Kong (HSI) Telecom Sector Analysis

UpdatedFeb 03, 2026
DataAggregated Company Financials
Companies133
  • 7D-1.0%
  • 3M-6.4%
  • 1Y29.6%
  • YTD-4.4%

Over the last 7 days, the Telecom industry has dropped 1.0%, driven by Tencent Holdings declining 4.3%. In the past year, the industry has gained 30%. 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, 04 Feb 2026HK$9.7tHK$3.7tHK$558.0b15.4x17.3x2.6x
Fri, 02 Jan 2026HK$9.8tHK$3.7tHK$552.0b14.2x17.7x2.6x
Sun, 30 Nov 2025HK$10.2tHK$3.7tHK$545.9b15.3x18.6x2.8x
Tue, 28 Oct 2025HK$10.6tHK$3.6tHK$527.9b16.6x20.2x3x
Thu, 25 Sep 2025HK$10.6tHK$3.6tHK$526.1b16.8x20.2x3x
Sat, 23 Aug 2025HK$10.3tHK$3.6tHK$521.5b17.5x19.8x2.9x
Mon, 21 Jul 2025HK$9.5tHK$3.5tHK$502.0b17.5x18.9x2.7x
Wed, 18 Jun 2025HK$9.3tHK$3.6tHK$501.8b14.5x18.5x2.6x
Fri, 16 May 2025HK$9.1tHK$3.5tHK$495.1b14.1x18.4x2.6x
Sun, 13 Apr 2025HK$8.2tHK$3.4tHK$477.9b12.4x17.1x2.4x
Tue, 11 Mar 2025HK$9.0tHK$3.4tHK$453.3b12.4x19.9x2.7x
Thu, 06 Feb 2025HK$7.7tHK$3.4tHK$449.7b11.7x17.1x2.3x
Sat, 04 Jan 2025HK$7.6tHK$3.4tHK$446.6b11.6x17x2.3x
Mon, 02 Dec 2024HK$7.3tHK$3.4tHK$450.7b12x16.2x2.1x
Wed, 30 Oct 2024HK$7.5tHK$3.4tHK$436.8b11.3x17.1x2.2x
Fri, 27 Sep 2024HK$7.1tHK$3.4tHK$410.3b10.4x17.4x2.1x
Sun, 25 Aug 2024HK$6.6tHK$3.3tHK$406.4b10.5x16.3x2x
Tue, 23 Jul 2024HK$6.7tHK$3.2tHK$369.6b12.2x18x2.1x
Thu, 20 Jun 2024HK$6.8tHK$3.2tHK$370.3b11.6x18.2x2.1x
Sat, 18 May 2024HK$6.9tHK$3.2tHK$365.4b12.8x18.8x2.1x
Mon, 15 Apr 2024HK$5.9tHK$3.2tHK$345.9b11.7x17x1.8x
Wed, 13 Mar 2024HK$5.7tHK$3.2tHK$428.3b12.8x13.3x1.8x
Fri, 09 Feb 2024HK$5.6tHK$3.2tHK$430.7b12.7x13x1.7x
Sun, 07 Jan 2024HK$5.6tHK$3.2tHK$425.8b12.8x13.1x1.7x
Tue, 05 Dec 2023HK$5.8tHK$3.2tHK$426.1b13.2x13.6x1.8x
Thu, 02 Nov 2023HK$5.5tHK$3.1tHK$409.2b10.4x13.3x1.7x
Sat, 30 Sep 2023HK$5.9tHK$3.1tHK$408.6b11.5x14.4x1.9x
Mon, 28 Aug 2023HK$6.0tHK$3.1tHK$405.3b11.7x14.8x1.9x
Wed, 26 Jul 2023HK$6.3tHK$3.1tHK$389.4b13.1x16.2x2x
Fri, 23 Jun 2023HK$6.2tHK$3.1tHK$388.2b14x15.9x2x
Sun, 21 May 2023HK$6.1tHK$3.1tHK$391.3b14.8x15.6x1.9x
Tue, 18 Apr 2023HK$6.8tHK$3.1tHK$393.9b13.9x17.2x2.2x
Thu, 16 Mar 2023HK$6.3tHK$3.1tHK$385.0b11.3x16.5x2x
Sat, 11 Feb 2023HK$6.4tHK$3.1tHK$392.4b12x16.4x2x
Price to Earnings Ratio

16.4x


Total Market Cap: HK$6.4tTotal Earnings: HK$392.4bTotal Revenue: HK$3.1tTotal Market Cap vs Earnings and Revenue0%0%0%
Hong Kong Telecom Sector Price to Earnings3Y Average 16.9x202420252026
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 16.9x.
  • The 3-year average PS ratio of 2.2x 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 12% per year over the last three years.
  • Revenues for these companies have grown 5.8% 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-0.75%
Telecom-1.03%
Interactive Media and Services-0.35%
Wireless Telecom-1.01%
Telecom Services and Carriers-1.64%
Entertainment-4.17%
Media-4.83%
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 44.8%, which is higher than its past year's earnings decline of 13.6% per year.
  • Investors are most pessimistic about the Wireless Telecom industry, which is trading close to its 3-year average of 11.0x.
Forecasted Growth
  • Analysts are most optimistic on the Media industry, expecting annual earnings growth of 45% over the next 5 years.
  • This is better than its past earnings decline of 14% per year.
  • In contrast, the Wireless Telecom industry is expected to see its earnings grow by 4.5% 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
8 PCCWHK$6.004.7%
+HK$2.1b		32.5%PS1.2x
2400 XDHK$84.552.4%
+HK$968.6m		222.1%PE26.7x
6823 HKT Trust and HKTHK$11.710.9%
+HK$834.0m		22.1%PE17.2x
326 China Star EntertainmentHK$4.553.9%
+HK$412.9m		983.3%PS14x
752 Pico Far East HoldingsHK$2.9011.5%
+HK$379.1m		42.2%PE8.4x

Latest News

1024
HK$73.45
Kuaishou Technology
7D
-6.8%
1Y
66.6%

When Should You Buy Kuaishou Technology (HKG:1024)?

Feb 04
When Should You Buy Kuaishou Technology (HKG:1024)?
752
HK$2.90
Pico Far East Holdings
7D
11.5%
1Y
42.2%
326
HK$4.55
China Star Entertainment
7D
3.9%
1Y
983.3%
8
HK$6.00
PCCW
7D
4.7%
1Y
32.5%
1357
HK$7.19
Meitu
7D
-10.7%
1Y
53.0%

Is Now The Time To Look At Buying Meitu, Inc. (HKG:1357)?

Jan 29
Is Now The Time To Look At Buying Meitu, Inc. (HKG:1357)?
6823
HK$11.71
HKT Trust and HKT
7D
0.9%
1Y
22.1%
9999
HK$198.50
NetEase
7D
-4.1%
1Y
25.0%
700
HK$581.00
Tencent Holdings
7D
-4.3%
1Y
38.1%

700: AI Spending And Ecosystem Deals Will Support Earnings Beyond 2025

Analysts have nudged their price targets for Tencent higher, with one move from $77 to $102. This adjustment is closely tied to recent Q3 results and expectations that ongoing investment in artificial intelligence could support stronger revenue and profit in 2026 compared with 2025.
728
HK$5.00
China Telecom
7D
-2.0%
1Y
1.6%

728: Governance Overhaul And Higher Profitability Expectations Will Support Future Upside

Analysts have nudged their fair value estimate for China Telecom higher from ¥8.54 to ¥8.82, citing updated assumptions for discount rate, revenue growth, profit margin and future P/E that slightly shift the balance between expected growth and profitability. What's in the News The board proposes amendments to the Articles of Association, including abolishing the Supervisory Committee, to reflect updated laws, regulations and the company’s operating needs (Key Developments).
941
HK$78.30
China Mobile
7D
-0.3%
1Y
2.4%

941: Connected Construction Agreements Will Support Margins And Stronger Future Share Performance

Analysts have made a small upward adjustment to their price target for China Mobile, lifting it from HK$105.24 to HK$105.55. This reflects minor tweaks to fair value assumptions and future P/E estimates, while keeping growth and margin expectations broadly unchanged.
788
HK$10.98
China Tower
7D
-2.1%
1Y
-2.0%

788: Battery Recycling Push And Governance Reforms Will Support Future Upside

Analysts have increased their price target for China Tower to US$13.19 from US$13.13, citing slightly updated assumptions around the discount rate, long-term revenue growth, profit margins and future P/E expectations. What's in the News China Tower entered a cooperation agreement with China Carbon Neutral Development Group and China Renewable Resources Development Group to work together on lithium battery recycling and circular economy projects under China's carbon neutrality objectives (Key Developments).
762
HK$7.27
China Unicom (Hong Kong)
7D
-5.8%
1Y
-0.3%

762: Leadership Transition And Connectivity Expansion Will Support Future Share Price Upside

Analysts have slightly trimmed their fair value estimate for China Unicom (Hong Kong) to US$11.50 from about US$11.56, reflecting small adjustments to assumptions for the discount rate, revenue growth, profit margin, and future P/E multiple. What's in the News Dong Xin has been appointed Chief Executive Officer of China Unicom (Hong Kong) Limited with effect from January 14, while continuing to serve as Chairman of China United Network Communications Group Company Limited and China United Network Communications Corporation Limited (company announcement).
2400
HK$84.55
XD
7D
2.4%
1Y
222.1%
1896
HK$7.30
Maoyan Entertainment
7D
3.4%
1Y
-15.4%

Getting In Cheap On Maoyan Entertainment (HKG:1896) Is Unlikely

Jan 12
Getting In Cheap On Maoyan Entertainment (HKG:1896) Is Unlikely
6696
HK$1.07
Many Idea Cloud Holdings
7D
44.6%
1Y
-80.2%
1640
HK$3.68
Qian Xun Technology
7D
17.2%
1Y
2.8%