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Hong Kong (HSI) Telecom Services and Carriers Industry Analysis

UpdatedFeb 14, 2026
DataAggregated Company Financials
Companies8
  • 7D-1.7%
  • 3M-14.1%
  • 1Y-10.2%
  • YTD-7.8%

Over the last 7 days, the Telecom Services and Carriers industry has dropped 1.7%, driven by a pullback from China Telecom of 3.6%. Overall the industry is down 10% in 12 months. 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
Sat, 14 Feb 2026HK$1.1tHK$1.3tHK$82.6b15.1x13.8x0.9x
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
Price to Earnings Ratio

15.6x


Total Market Cap: HK$1.1tTotal Earnings: HK$67.8bTotal Revenue: HK$1.1tTotal 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 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 13.8x which is lower than its 3-year average PE 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 6.8% per year over the last three years.
  • Revenues for these companies have grown 3.5% 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 Market0.51%
Telecom-2.34%
Telecom Services and Carriers-1.67%
Integrated Telecom Services-1.66%
Alternative Carriers-2.73%
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 15.9x.
    • Analysts are expecting annual earnings growth of 11.9%, which is higher than its past year's earnings growth of 5.6% 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 9.2x.
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 5.6% 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
788 China TowerHK$11.011.5%
+HK$2.8b		-9.0%PE15.1x
6823 HKT Trust and HKTHK$12.021.3%
+HK$1.1b		23.2%PE17.2x
1310 HKBNHK$6.900.6%
+HK$59.2m		37.5%PE49.3x
1883 CITIC Telecom International HoldingsHK$2.580.4%
+HK$37.0m		11.7%PE10.4x
524 Great Wall Terroir HoldingsHK$0.343.0%
+HK$2.0m		25.9%PS0.7x

Latest News

1045
HK$3.62
APT Satellite Holdings
7D
-10.6%
1Y
63.8%

APT Satellite Holdings (HKG:1045) Is Finding It Tricky To Allocate Its Capital

Feb 13
APT Satellite Holdings (HKG:1045) Is Finding It Tricky To Allocate Its Capital
8
HK$5.96
PCCW
7D
-1.3%
1Y
33.9%

8: Higher Discount Rate Will Limit Upside Despite Improved Profit Margin Outlook

Analysts have lowered their PCCW price target from HK$5.40 to HK$5.10, citing updated assumptions that combine lower projected revenue growth and a higher discount rate, partly offset by improved profit margin expectations and a reduced future P/E multiple. What's in the News PCCW has scheduled a board meeting for Feb 10, 2026 to consider the annual results for the year ended Dec 31, 2025 and to review the potential payment of a dividend, if applicable (Key Developments).
788
HK$11.01
China Tower
7D
1.5%
1Y
-9.0%

Investors Interested In China Tower Corporation Limited's (HKG:788) Earnings

Feb 11
Investors Interested In China Tower Corporation Limited's (HKG:788) Earnings
6823
HK$12.02
HKT Trust and HKT
7D
1.3%
1Y
23.2%
728
HK$4.89
China Telecom
7D
-3.6%
1Y
-16.8%

728: Governance Reforms Will Support Margin Resilience And Rerating Potential

Analysts have revised their fair value estimate for China Telecom to US$7.10 from US$7.32, citing updated assumptions for revenue growth, profit margins and future P/E multiples. What's in the News China Telecom approved amendments to its Articles of Association and the abolition of its Supervisory Committee, signaling a change in its corporate governance structure (Key Developments).
762
HK$7.25
China Unicom (Hong Kong)
7D
-0.7%
1Y
-12.0%

762: Leadership Changes And Revised Assumptions Will Shape A Fairly Balanced Outlook

Analysts have revised their fair value estimate for China Unicom (Hong Kong) to about $8.01 from roughly $9.20, citing updated assumptions for discount rates, revenue growth, profit margins, and future P/E as key drivers of the new price target. What's in the News China Unicom (Hong Kong) appointed Dong Xin as Chief Executive Officer, effective January 14 (Key Developments).
1310
HK$6.90
HKBN
7D
0.6%
1Y
37.5%

1310: Future Dividends And Distribution Agreement Will Support Balanced Risk Profile

Analysts have trimmed their price targets on HKBN, with a lower profit margin outlook and a higher assumed future P/E of 17.70x, while slightly adjusted discount rate and revenue growth assumptions keep fair value around HK$6.50. What's in the News A board meeting is scheduled for 7 January 2026 to consider and approve the Distribution Framework Agreement and other matters (Key Developments).
1883
HK$2.58
CITIC Telecom International Holdings
7D
0.4%
1Y
11.7%
524
HK$0.34
Great Wall Terroir Holdings
7D
3.0%
1Y
25.9%

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)