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Hong Kong (HSI) Telecom Sector Analysis

UpdatedMar 21, 2026
DataAggregated Company Financials
Companies135
  • 7D-4.9%
  • 3M-13.7%
  • 1Y-2.2%
  • YTD-14.5%

Over the last 7 days, the Telecom industry has dropped 4.9%, driven by Tencent Holdings declining 7.2%. Over the last year, the industry has been flat overall. Looking forward, earnings are forecast to grow by 9.0% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 21 Mar 2026HK$8.7tHK$3.8tHK$566.8b13.5x15.4x2.3x
Mon, 16 Feb 2026HK$9.0tHK$3.8tHK$558.8b15.3x16.1x2.4x
Wed, 14 Jan 2026HK$10.2tHK$3.7tHK$554.8b15.6x18.3x2.7x
Fri, 12 Dec 2025HK$10.0tHK$3.7tHK$547.0b14.7x18.2x2.7x
Sun, 09 Nov 2025HK$10.4tHK$3.6tHK$527.4b16.6x19.7x2.9x
Tue, 07 Oct 2025HK$10.9tHK$3.6tHK$526.9b18.6x20.6x3x
Thu, 04 Sep 2025HK$10.1tHK$3.6tHK$526.5b17.6x19.3x2.8x
Sat, 02 Aug 2025HK$9.5tHK$3.5tHK$500.1b16.5x19.1x2.7x
Mon, 30 Jun 2025HK$9.3tHK$3.6tHK$502.5b16.2x18.5x2.6x
Wed, 28 May 2025HK$9.2tHK$3.5tHK$501.0b13.7x18.4x2.6x
Fri, 25 Apr 2025HK$8.5tHK$3.4tHK$479.8b12.8x17.7x2.5x
Sun, 23 Mar 2025HK$8.9tHK$3.4tHK$481.1b12.2x18.5x2.6x
Tue, 18 Feb 2025HK$8.7tHK$3.4tHK$450.1b12.1x19.4x2.6x
Thu, 16 Jan 2025HK$7.3tHK$3.4tHK$446.2b11x16.3x2.2x
Sat, 14 Dec 2024HK$7.5tHK$3.4tHK$448.4b12.1x16.8x2.2x
Mon, 11 Nov 2024HK$7.5tHK$3.4tHK$435.9b11.6x17.1x2.2x
Wed, 09 Oct 2024HK$7.3tHK$3.3tHK$408.0b11.8x18x2.2x
Fri, 06 Sep 2024HK$6.5tHK$3.3tHK$406.6b10.9x16.1x2x
Sun, 04 Aug 2024HK$6.4tHK$3.3tHK$375.5b11.4x17.1x2x
Tue, 02 Jul 2024HK$6.7tHK$3.2tHK$369.9b11.3x18.1x2.1x
Thu, 30 May 2024HK$6.6tHK$3.2tHK$370.2b11.6x17.9x2x
Sat, 27 Apr 2024HK$6.4tHK$3.2tHK$348.3b11.8x18.3x2x
Mon, 25 Mar 2024HK$5.7tHK$3.2tHK$346.0b12.8x16.4x1.8x
Wed, 21 Feb 2024HK$5.6tHK$3.2tHK$425.9b12.8x13.2x1.8x
Fri, 19 Jan 2024HK$5.4tHK$3.2tHK$423.1b12.3x12.7x1.7x
Sun, 17 Dec 2023HK$5.8tHK$3.2tHK$426.6b13.4x13.5x1.8x
Tue, 14 Nov 2023HK$5.7tHK$3.1tHK$408.5b12.2x14x1.8x
Thu, 12 Oct 2023HK$5.9tHK$3.1tHK$407.7b12.1x14.5x1.9x
Sat, 09 Sep 2023HK$6.0tHK$3.1tHK$406.0b11x14.8x1.9x
Mon, 07 Aug 2023HK$6.3tHK$3.1tHK$388.1b12.8x16.3x2.1x
Wed, 05 Jul 2023HK$6.2tHK$3.1tHK$386.3b14.2x16x2x
Fri, 02 Jun 2023HK$6.0tHK$3.1tHK$392.7b12x15.2x1.9x
Sun, 30 Apr 2023HK$6.4tHK$3.2tHK$395.7b14.5x16.3x2x
Tue, 28 Mar 2023HK$6.4tHK$3.1tHK$395.0b11.2x16.3x2.1x
Price to Earnings Ratio

16.3x


Total Market Cap: HK$6.4tTotal Earnings: HK$395.0bTotal 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 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 6.7% 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-0.88%
Telecom-4.94%
Entertainment-0.92%
Wireless Telecom-1.46%
Telecom Services and Carriers-2.20%
Media-5.20%
Interactive Media and Services-7.32%
Industry PE
  • Investors are most optimistic about the Entertainment industry even though it's trading below its 3-year average PE ratio of 38.5x.
    • Analysts are expecting annual earnings growth of 11.3%, which is lower than the prior year's growth of 14.3% per year.
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 growth rate of 0.5% per year.
  • In contrast, the Wireless Telecom industry is expected to see its earnings grow by 2.3% 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
326 China Star EntertainmentHK$6.024.5%
+HK$631.5m		385.5%PS18.5x
1716 Most Kwai ChungHK$3.1086.7%
+HK$388.8m		675.0%PE299.2x
9890 TanwanHK$16.884.3%
+HK$353.9m		108.9%PE7.6x
1310 HKBNHK$7.691.7%
+HK$192.3m		48.7%PE55x
1883 CITIC Telecom International HoldingsHK$2.741.1%
+HK$111.0m		20.7%PE11x

Latest News

762
HK$7.29
China Unicom (Hong Kong)
7D
-6.4%
1Y
-18.5%
700
HK$508.00
Tencent Holdings
7D
-7.2%
1Y
-0.7%
788
HK$11.08
China Tower
7D
-3.5%
1Y
1.5%
772
HK$27.46
China Literature
7D
-7.7%
1Y
3.2%

772: Goodwill Impairment Will Create Attractive Entry Point For Future Upside

Analysts have raised their price target for China Literature from HK$26.08 to HK$33.07, citing updated assumptions around revenue growth, profit margins and a higher projected P/E multiple. What's in the News China Literature guided for an IFRS loss attributable to equity holders of about RMB 750 million to RMB 850 million for the 2025 financial year, mainly linked to an impairment of goodwill from the 2018 acquisition of New Classics Media Holdings Limited.
1310
HK$7.69
HKBN
7D
1.7%
1Y
48.7%

1310: Distribution Agreement Will Sustain Risk Of Persistent Share Overvaluation

Analysts have kept their HKBN price target effectively unchanged at about HK$6.50, reflecting only slight tweaks to assumptions such as discount rate and future P/E, rather than any shift in their overall view of the shares. What's in the News HKBN entered into a Distribution Framework Agreement with Venustech for the supply, purchase and distribution of network security products and solutions services in Hong Kong and Macao, with the term running from the agreement date to 31 December 2028.
547
HK$0.27
Digital Domain Holdings
7D
3.8%
1Y
-43.2%
326
HK$6.02
China Star Entertainment
7D
4.5%
1Y
385.5%
1883
HK$2.74
CITIC Telecom International Holdings
7D
1.1%
1Y
20.7%

1883: Dividend Policy Will Support Future Shareholder Returns

Analysts have raised their price target on CITIC Telecom International Holdings from HK$3.10 to HK$3.30, citing updated assumptions that include revised discount rates, revenue growth, profit margin, and forward P/E inputs. What's in the News The board recommended a final dividend of HK$0.13 per share for 2025, bringing total dividends for the year to HK$0.19 per share.
797
HK$0.71
7Road Holdings
7D
6.0%
1Y
79.7%
1716
HK$3.10
Most Kwai Chung
7D
86.7%
1Y
675.0%
941
HK$78.80
China Mobile
7D
-1.4%
1Y
-5.7%

941: Connected Agreements And CEO Transition Will Support Future Share Rerating

Analysts have slightly reduced their HK$ fair value estimate for China Mobile to HK$99.77 from about HK$100.04, reflecting updated assumptions for revenue growth, profit margin and future P/E, while leaving their overall view broadly unchanged. What's in the News China Mobile announced that Chief Executive Officer Mr. He Biao has resigned due to a work reassignment, effective 12 February 2026.
9911
HK$8.61
Newborn Town
7D
-19.1%
1Y
51.1%
9890
HK$16.88
Tanwan
7D
4.3%
1Y
108.9%
1024
HK$53.80
Kuaishou Technology
7D
-9.0%
1Y
-9.3%
1831
HK$0.38
ShiFang Holding
7D
26.7%
1Y
265.4%
9899
HK$128.40
NetEase Cloud Music
7D
-11.6%
1Y
-15.1%