Hong Kong (HSI) Telecom Services and Carriers Industry Analysis

Industry Valuation and Performance

Has the Hong Kong Telecom Services and Carriers Industry valuation changed over the past few years?

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Tue, 26 May 2026	HK$1.2t	HK$1.3t	HK$80.2b	13.5x	15.1x	1x
Thu, 23 Apr 2026	HK$1.2t	HK$1.3t	HK$81.5b	13.6x	14.6x	0.9x
Sat, 21 Mar 2026	HK$1.2t	HK$1.3t	HK$82.5b	14.6x	14.2x	0.9x
Mon, 16 Feb 2026	HK$1.1t	HK$1.3t	HK$82.6b	15.1x	13.8x	0.9x
Wed, 14 Jan 2026	HK$1.2t	HK$1.2t	HK$81.5b	15.9x	15x	1x
Fri, 12 Dec 2025	HK$1.3t	HK$1.2t	HK$80.4b	13.5x	16x	1.1x
Sun, 09 Nov 2025	HK$1.3t	HK$1.2t	HK$79.7b	14.2x	16.5x	1.1x
Tue, 07 Oct 2025	HK$1.3t	HK$1.2t	HK$79.0b	13x	16x	1x
Thu, 04 Sep 2025	HK$1.4t	HK$1.2t	HK$78.9b	14x	17.1x	1.1x
Sat, 02 Aug 2025	HK$1.4t	HK$1.2t	HK$77.0b	15.5x	17.7x	1.1x
Mon, 30 Jun 2025	HK$1.4t	HK$1.2t	HK$77.3b	14.1x	17.6x	1.1x
Wed, 28 May 2025	HK$1.4t	HK$1.2t	HK$77.0b	15x	18.2x	1.2x
Fri, 25 Apr 2025	HK$1.3t	HK$1.2t	HK$75.0b	14.4x	17.6x	1.1x
Sun, 23 Mar 2025	HK$1.3t	HK$1.2t	HK$74.5b	15.3x	17.5x	1.1x
Tue, 18 Feb 2025	HK$1.4t	HK$1.2t	HK$74.0b	14.7x	18.5x	1.2x
Thu, 16 Jan 2025	HK$1.2t	HK$1.2t	HK$73.4b	12.3x	15.9x	1x
Sat, 14 Dec 2024	HK$1.1t	HK$1.2t	HK$73.8b	12.4x	15.5x	1x
Mon, 11 Nov 2024	HK$1.1t	HK$1.2t	HK$74.7b	11.3x	14.9x	0.9x
Wed, 09 Oct 2024	HK$1.2t	HK$1.2t	HK$73.3b	10.7x	15.8x	1x
Fri, 06 Sep 2024	HK$1.1t	HK$1.2t	HK$73.1b	10.2x	14.7x	0.9x
Sun, 04 Aug 2024	HK$1.1t	HK$1.2t	HK$70.4b	11.2x	15.2x	0.9x
Tue, 02 Jul 2024	HK$1.1t	HK$1.1t	HK$69.4b	11.7x	15.6x	0.9x
Thu, 30 May 2024	HK$1.0t	HK$1.2t	HK$69.6b	10.8x	14.8x	0.9x
Sat, 27 Apr 2024	HK$1.0t	HK$1.2t	HK$69.8b	12x	14.9x	0.9x
Mon, 25 Mar 2024	HK$995.4b	HK$1.1t	HK$68.5b	11.3x	14.5x	0.9x
Wed, 21 Feb 2024	HK$1.0t	HK$1.1t	HK$67.5b	11.8x	15.2x	0.9x
Fri, 19 Jan 2024	HK$907.3b	HK$1.1t	HK$67.6b	10.6x	13.4x	0.8x
Sun, 17 Dec 2023	HK$905.0b	HK$1.2t	HK$68.1b	9.7x	13.3x	0.8x
Tue, 14 Nov 2023	HK$885.1b	HK$1.1t	HK$66.6b	9.6x	13.3x	0.8x
Thu, 12 Oct 2023	HK$947.1b	HK$1.1t	HK$66.9b	11.2x	14.2x	0.8x
Sat, 09 Sep 2023	HK$951.0b	HK$1.1t	HK$66.7b	10.9x	14.3x	0.8x
Mon, 07 Aug 2023	HK$991.1b	HK$1.1t	HK$65.6b	11.6x	15.1x	0.9x
Wed, 05 Jul 2023	HK$975.8b	HK$1.1t	HK$65.3b	11.4x	14.9x	0.9x
Fri, 02 Jun 2023	HK$1.0t	HK$1.1t	HK$66.2b	11.5x	15.7x	0.9x

Current Industry PE

Investors are relatively neutral on the Hong Kong Telecom 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 15.6x.

The industry is trading close to its 3-year average PS ratio of 0.97x.

Past Earnings Growth

The earnings for companies in the Telecom industry have grown 6.5% per year over the last three years.
Revenues for these companies have grown 3.6% 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 industry?


HK Market	-1.03%
Telecom	-3.09%
Telecom Services and Carriers	-4.02%
Alternative Carriers	-1.51%
Integrated Telecom Services	-4.05%

Industry PE

Investors are most optimistic about the Integrated Telecom Services industry, which is trading close to its 3-year average PE ratio of 15.7x.

Analysts are expecting annual earnings growth of 8.4%, which is higher than its past year's earnings growth of 4.3% per year.

Investors are most pessimistic about the Alternative Carriers industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 9.4x.

Forecasted Growth

Analysts are most optimistic on the Integrated Telecom Services industry, expecting annual earnings growth of 8.4% over the next 5 years.
This is better than its past earnings growth rate of 4.3% per year.

In contrast, the Alternative Carriers industry is expected to see its earnings grow by 4.9% per year over the next few years.

	Company	Last Price	7D	1Y	Valuation
	524 Great Wall Terroir Holdings	HK$1.41	64.0% +HK$163.8m	370.0%	PS3.1x

Company

Last Price

Valuation

524 Great Wall Terroir Holdings

HK$1.41

64.0%
+HK$163.8m

370.0%

PS3.1x

New minor risk - Shareholder dilution

The company's shareholders have been diluted in the past year. Increase in shares outstanding: 20% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (26% average weekly change). Negative equity (-HK$30m). Earnings have declined by 18% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (20% increase in shares outstanding). Significant insider selling over the past 3 months (HK$23m sold). Market cap is less than US$100m (HK$252.8m market cap, or US$32.3m).

Hong Kong (HSI) Telecom Services and Carriers Industry Analysis

Industry Valuation and Performance

Industry Trends

Top Stock Gainers and Losers

Latest News

China Unicom (Hong Kong) Limited Approves A Final Dividend for the Year Ended 31 December 2025, Payable on 24 June 2026

Now 23% undervalued after recent price drop

Upcoming dividend of HK$0.06 per share

New minor risk - Shareholder dilution

HKBN Ltd. to Report 16 Months Period Ending Dec 31, 2026 Results on Mar 31, 2027

Upcoming dividend of HK$0.28 per share

Upcoming dividend of HK$0.13 per share

Upcoming dividend of CN¥0.33 per share

728: Upcoming Dividend And Board Decisions Will Support Future Rerating Potential