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Hong Kong (HSI) Telecom Services and Carriers Industry Analysis

UpdatedJan 12, 2026
DataAggregated Company Financials
Companies8
  • 7D-1.5%
  • 3M-3.3%
  • 1Y12.1%
  • YTD-1.5%

Over the last 7 days, the Telecom Services and Carriers industry has dropped 1.5%, driven by a pullback from China Telecom of 2.9%. Over the past 12 months, the industry was up 12%. As for the next few years, earnings are expected to grow by 12% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 12 Jan 2026HK$1.2tHK$1.2tHK$81.4b16.1x15.1x1x
Wed, 10 Dec 2025HK$1.3tHK$1.2tHK$80.4b13.8x16.2x1.1x
Fri, 07 Nov 2025HK$1.3tHK$1.2tHK$79.7b14x16.3x1.1x
Sun, 05 Oct 2025HK$1.3tHK$1.2tHK$78.9b13x16x1x
Tue, 02 Sep 2025HK$1.4tHK$1.2tHK$79.0b14.1x17.4x1.1x
Thu, 31 Jul 2025HK$1.4tHK$1.2tHK$77.3b15.2x17.7x1.1x
Sat, 28 Jun 2025HK$1.4tHK$1.2tHK$77.3b14.1x17.6x1.1x
Mon, 26 May 2025HK$1.4tHK$1.2tHK$77.1b14.6x18x1.2x
Wed, 23 Apr 2025HK$1.3tHK$1.2tHK$74.7b15.1x17.7x1.1x
Fri, 21 Mar 2025HK$1.3tHK$1.2tHK$74.5b15.1x17.5x1.1x
Sun, 16 Feb 2025HK$1.3tHK$1.2tHK$74.1b14.7x17.9x1.1x
Tue, 14 Jan 2025HK$1.2tHK$1.2tHK$73.4b12.4x15.8x1x
Thu, 12 Dec 2024HK$1.1tHK$1.2tHK$73.9b12.4x15.5x1x
Sat, 09 Nov 2024HK$1.1tHK$1.2tHK$74.9b11.3x14.9x0.9x
Mon, 07 Oct 2024HK$1.2tHK$1.2tHK$73.2b10.9x16x1x
Wed, 04 Sep 2024HK$1.1tHK$1.2tHK$72.9b10.5x15x0.9x
Fri, 02 Aug 2024HK$1.1tHK$1.2tHK$69.7b11.3x15.3x0.9x
Sun, 30 Jun 2024HK$1.1tHK$1.1tHK$69.4b11.7x15.6x0.9x
Tue, 28 May 2024HK$1.0tHK$1.2tHK$69.6b10.8x15x0.9x
Thu, 25 Apr 2024HK$1.0tHK$1.2tHK$69.9b12x14.7x0.9x
Sat, 23 Mar 2024HK$997.4bHK$1.1tHK$68.5b11.3x14.6x0.9x
Mon, 19 Feb 2024HK$991.5bHK$1.1tHK$67.6b11.1x14.7x0.9x
Wed, 17 Jan 2024HK$917.0bHK$1.2tHK$67.6b10.9x13.6x0.8x
Fri, 15 Dec 2023HK$896.8bHK$1.2tHK$67.9b9.6x13.2x0.8x
Sun, 12 Nov 2023HK$879.3bHK$1.1tHK$66.6b9.6x13.2x0.8x
Tue, 10 Oct 2023HK$949.8bHK$1.1tHK$67.0b11.3x14.2x0.8x
Thu, 07 Sep 2023HK$946.7bHK$1.1tHK$67.0b10.9x14.1x0.8x
Sat, 05 Aug 2023HK$991.4bHK$1.1tHK$65.5b11.7x15.1x0.9x
Mon, 03 Jul 2023HK$955.1bHK$1.1tHK$65.0b11.2x14.7x0.9x
Wed, 31 May 2023HK$1.0tHK$1.1tHK$66.5b11.8x15.5x0.9x
Fri, 28 Apr 2023HK$1.1tHK$1.2tHK$68.0b12.2x16.5x1x
Sun, 26 Mar 2023HK$1.1tHK$1.1tHK$66.8b11.8x16.7x1x
Tue, 21 Feb 2023HK$1.1tHK$1.1tHK$67.8b12.1x15.6x0.9x
Thu, 19 Jan 2023HK$884.5bHK$1.2tHK$68.6b11.5x12.9x0.8x
Price to Earnings Ratio

12.9x


Total Market Cap: HK$884.5bTotal Earnings: HK$68.6bTotal Revenue: HK$1.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Hong Kong Telecom Services and Carriers Industry Price to Earnings3Y Average 15.7x202420252026
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 15.7x.
  • 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 5.9% per year over the last three years.
  • Revenues for these companies have grown 2.5% 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-0.093%
Telecom-1.63%
Telecom Services and Carriers-1.51%
Alternative Carriers5.85%
Integrated Telecom Services-1.58%
Industry PE
  • Investors are most optimistic about the Integrated Telecom Services industry, which is trading close to its 3-year average PE ratio of 15.8x.
    • Analysts are expecting annual earnings growth of 11.7%, which is higher than its past year's earnings growth of 5.2% 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 9.1x.
Forecasted Growth
  • Analysts are most optimistic on the Integrated Telecom Services industry, expecting annual earnings growth of 12% over the next 5 years.
  • This is better than its past earnings growth rate of 5.2% per year.
  • In contrast, the Alternative Carriers industry is expected to see its earnings grow by 3.3% 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
762 China Unicom (Hong Kong)HK$8.041.4%
+HK$3.4b		12.9%PE10.2x
1045 APT Satellite HoldingsHK$5.2751.0%
+HK$1.7b		146.3%PE27x
6823 HKT Trust and HKTHK$11.701.3%
+HK$1.1b		21.7%PE17.2x
1310 HKBNHK$6.806.9%
+HK$650.7m		31.5%PE48.6x
1883 CITIC Telecom International HoldingsHK$2.510.4%
+HK$37.0m		14.6%PE10.1x

Latest News

8
HK$5.52
PCCW
7D
-0.2%
1Y
23.5%

A Look At The Fair Value Of PCCW Limited (HKG:8)

Jan 08
A Look At The Fair Value Of PCCW Limited (HKG:8)
788
HK$11.53
China Tower
7D
-0.7%
1Y
6.8%

788: Battery Recycling Partnership Will Drive Long Term Carbon Neutrality Opportunity

Analysts have lowered their price target on China Tower to about $14.12 from roughly $16.17, citing updated assumptions that reflect a slightly higher discount rate, more conservative revenue growth and profit margin forecasts, and a modestly higher future P/E multiple. What's in the News China Tower entered a cooperation agreement with China Carbon Neutral Development Group and China Renewable Resources Development Group to build a nationwide lithium battery recycling and circular economy ecosystem aligned with China's "carbon peaking and carbon neutrality" goals (Key Developments).
762
HK$8.04
China Unicom (Hong Kong)
7D
1.4%
1Y
12.9%

762: Rising Connectivity Scale And Margins Will Support A Higher Future Multiple

Analysts have raised their fair value estimate for China Unicom (Hong Kong) from HK$14.58 to HK$15.06, citing updated views on discount rates, revenue growth, profit margins and future P/E assumptions. What's in the News Chief Executive Mr. Chen Zhongyue plans to resign with effect from 29 October 2025 due to a change in work arrangement, with the company stating there is no disagreement with the Board and no other matters needing shareholder attention (Key Developments).
728
HK$5.33
China Telecom
7D
-1.5%
1Y
13.2%

China Telecom Corporation Limited's (HKG:728) Business Is Yet to Catch Up With Its Share Price

Jan 07
China Telecom Corporation Limited's (HKG:728) Business Is Yet to Catch Up With Its Share Price
1310
HK$6.80
HKBN
7D
6.9%
1Y
31.5%

1310: Future Dividend Payouts Will Support Stable Earnings And Balanced Risk Profile

Analysts have modestly raised their price target on HKBN, highlighting the stock's improved risk profile. This is driven by a slightly higher expected future earnings multiple and updated discount rate assumptions, despite unchanged fair value estimates around HK$6.50 per share.
6823
HK$11.70
HKT Trust and HKT
7D
1.3%
1Y
21.7%

The Returns At HKT Trust and HKT (HKG:6823) Aren't Growing

Jan 03
The Returns At HKT Trust and HKT (HKG:6823) Aren't Growing
1045
HK$5.27
APT Satellite Holdings
7D
51.0%
1Y
146.3%
524
HK$0.29
Great Wall Terroir Holdings
7D
11.3%
1Y
-7.8%

Market Still Lacking Some Conviction On Great Wall Terroir Holdings Limited (HKG:524)

Dec 29
Market Still Lacking Some Conviction On Great Wall Terroir Holdings Limited (HKG:524)
1883
HK$2.51
CITIC Telecom International Holdings
7D
0.4%
1Y
14.6%

CITIC Telecom International Holdings (HKG:1883) Has Affirmed Its Dividend Of HK$0.06

Aug 20
CITIC Telecom International Holdings (HKG:1883) Has Affirmed Its Dividend Of HK$0.06