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Hong Kong (HSI) Telecom Services and Carriers Industry Analysis

UpdatedAug 19, 2026
DataAggregated Company Financials
Companies7
  • 7D-0.03%
  • 3M-15.1%
  • 1Y-25.6%
  • YTD-15.5%

Over the last 7 days, the Telecom Services and Carriers industry has remained flat, although notably China Tower declined by 4.1%. As for the longer term, the industry has declined 26% in the last year. As for the next few years, earnings are expected to grow by 5.7% 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
Thu, 20 Aug 2026HK$1.1tHK$1.2tHK$82.0b11.6x13.7x0.9x
Sat, 18 Jul 2026HK$1.1tHK$1.3tHK$80.4b11.6x13.9x0.9x
Mon, 15 Jun 2026HK$1.2tHK$1.3tHK$80.5b12.2x14.4x0.9x
Wed, 13 May 2026HK$1.2tHK$1.3tHK$80.1b13.7x15.3x1x
Fri, 10 Apr 2026HK$1.2tHK$1.3tHK$81.5b14.3x14.2x0.9x
Sun, 08 Mar 2026HK$1.2tHK$1.3tHK$82.7b15.1x14.4x0.9x
Tue, 03 Feb 2026HK$1.2tHK$1.2tHK$81.9b15.3x14.1x0.9x
Thu, 01 Jan 2026HK$1.2tHK$1.2tHK$81.1b14.3x14.9x1x
Sat, 29 Nov 2025HK$1.3tHK$1.2tHK$80.3b14.3x16.4x1.1x
Mon, 27 Oct 2025HK$1.3tHK$1.2tHK$79.6b13.7x16.3x1.1x
Wed, 24 Sep 2025HK$1.3tHK$1.2tHK$79.0b13.2x16.1x1x
Fri, 22 Aug 2025HK$1.4tHK$1.2tHK$78.7b15.4x17.8x1.2x
Sun, 20 Jul 2025HK$1.4tHK$1.2tHK$77.3b14.5x17.9x1.1x
Tue, 17 Jun 2025HK$1.4tHK$1.2tHK$77.3b14.5x17.9x1.1x
Thu, 15 May 2025HK$1.4tHK$1.2tHK$76.6b14.2x17.6x1.1x
Sat, 12 Apr 2025HK$1.3tHK$1.2tHK$74.3b15.3x17.8x1.1x
Mon, 10 Mar 2025HK$1.4tHK$1.2tHK$74.4b15.2x19x1.2x
Wed, 05 Feb 2025HK$1.2tHK$1.2tHK$74.2b12.8x16.2x1x
Fri, 03 Jan 2025HK$1.2tHK$1.2tHK$73.6b12.4x16.2x1x
Sun, 01 Dec 2024HK$1.1tHK$1.2tHK$74.2b11.8x14.9x0.9x
Tue, 29 Oct 2024HK$1.1tHK$1.2tHK$73.9b10.5x15.3x1x
Thu, 26 Sep 2024HK$1.1tHK$1.2tHK$73.7b10.5x15x0.9x
Sat, 24 Aug 2024HK$1.1tHK$1.2tHK$72.7b10.7x15x0.9x
Mon, 22 Jul 2024HK$1.1tHK$1.1tHK$69.4b11.9x15.9x1x
Wed, 19 Jun 2024HK$1.0tHK$1.1tHK$69.5b10.7x14.6x0.9x
Fri, 17 May 2024HK$1.0tHK$1.2tHK$69.9b12x14.8x0.9x
Sun, 14 Apr 2024HK$1.0tHK$1.1tHK$68.5b11.8x14.8x0.9x
Tue, 12 Mar 2024HK$1.0tHK$606.8bHK$35.2b14.1x28.8x1.7x
Thu, 08 Feb 2024HK$996.1bHK$1.2tHK$68.3b11.3x14.6x0.9x
Sat, 06 Jan 2024HK$914.7bHK$1.2tHK$68.0b9.9x13.4x0.8x
Mon, 04 Dec 2023HK$907.6bHK$1.2tHK$68.0b9.8x13.4x0.8x
Wed, 01 Nov 2023HK$874.0bHK$1.1tHK$68.0b9.5x12.8x0.8x
Fri, 29 Sep 2023HK$949.6bHK$1.1tHK$66.9b11.4x14.2x0.8x
Sun, 27 Aug 2023HK$950.2bHK$1.1tHK$67.2b10.7x14.1x0.8x
Price to Earnings Ratio

14.1x


Total Market Cap: HK$950.2bTotal Earnings: HK$67.2bTotal Revenue: HK$1.1tTotal Market Cap vs Earnings and Revenue0%0%0%
Hong Kong Telecom Services and Carriers Industry Price to Earnings3Y Average 15.5x202420252026
Current Industry PE
  • Investors are pessimistic on the Hong Kong Telecom industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 13.7x which is lower than its 3-year average PE of 15.5x.
  • 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 6.9% 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 industry?

HK Market0.02%
Telecom-3.58%
Telecom Services and Carriers-0.03%
Integrated Telecom Services0.014%
Alternative Carriers-4.17%
Industry PE
  • Investors are most optimistic about the Integrated Telecom Services industry even though it's trading below its 3-year average PE ratio of 15.6x.
    • Analysts are expecting annual earnings growth of 5.7%, 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 9.5x.
Forecasted Growth
  • Analysts are most optimistic on the Integrated Telecom Services industry, expecting annual earnings growth of 5.7% 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 5.6% 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
728 China TelecomHK$4.732.6%
+HK$11.0b		-24.3%PE11.7x
524 Great Wall Terroir HoldingsHK$1.863.3%
+HK$14.2m		509.8%PS4.2x

Latest News

762
HK$5.50
China Unicom (Hong Kong)
7D
-13.1%
1Y
-45.2%
1883
HK$2.49
CITIC Telecom International Holdings
7D
-5.1%
1Y
-5.3%
788
HK$9.21
China Tower
7D
-1.1%
1Y
-20.7%
Narrative Update • Aug 12

788: Slower AI Adoption And Tax Headwinds Will Pressure Future Returns

Analysts have trimmed their price target on China Tower to HK$8.10 from HK$13.14, citing expectations that AI token adoption may build more slowly, combined with softer 5G base station deployment and higher value added tax rates. What's in the News for China Tower China Tower reported a 30.1% increase in net profit for the first half of 2026 and announced an interim dividend, as part of its focus on the "One Core and Two Wings" strategy to strengthen core competitiveness and drive business growth.
524
HK$1.86
Great Wall Terroir Holdings
7D
3.3%
1Y
509.8%
728
HK$4.73
China Telecom
7D
2.6%
1Y
-24.3%
Narrative Update • Aug 09

728: Dividend Payout And AI Agriculture Initiatives Will Support Future Upside

Analysts trimmed their fair value estimate for China Telecom from HK$8.23 to HK$7.98, citing updated assumptions for revenue growth, profit margins and a slightly lower future P/E multiple that together reduce the stock's implied upside. What’s in the News for China Telecom China Telecom approved a final dividend of RMB 0.0908 per share, equivalent to HK$0.10391 per share, for the year ended 31 December 2025.
1045
HK$2.06
APT Satellite Holdings
7D
-6.2%
1Y
-4.0%
8
HK$5.31
PCCW
7D
-3.3%
1Y
-0.6%
6823
HK$12.39
HKT Trust and HKT
7D
-3.8%
1Y
3.2%
1310
HK$5.94
HKBN
7D
-1.6%
1Y
17.3%
Narrative Update • Jun 24

1310: Year-End Alignment And Interim Dividend Will Support Bullish Case

Analysts have kept their HKBN fair value estimate steady at HK$7.30, but a slightly lower discount rate and a marginally reduced future P/E assumption have led to a modest trim in their overall price target narrative for the stock. What’s in the News for HKBN HKBN changed its financial year end from 31 August to 31 December with immediate effect, aligning the company’s reporting calendar with controlling shareholder China Mobile Hong Kong Company Limited and the wider China Mobile group.