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Hong Kong (HSI) Telecom Services and Carriers Industry Analysis

UpdatedJan 25, 2026
DataAggregated Company Financials
Companies8
  • 7D0.4%
  • 3M-7.4%
  • 1Y8.3%
  • YTD-3.3%

Over the last 7 days, the Telecom Services and Carriers industry has remained flat. As for the the longer term, the industry is up 8.3% over the past 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
Mon, 26 Jan 2026HK$1.2tHK$1.2tHK$81.6b15.7x14.3x0.9x
Wed, 24 Dec 2025HK$1.3tHK$1.2tHK$80.7b13.3x15.5x1x
Fri, 21 Nov 2025HK$1.3tHK$1.2tHK$79.9b14.1x16.4x1.1x
Sun, 19 Oct 2025HK$1.3tHK$1.2tHK$78.9b14.1x16.3x1.1x
Tue, 16 Sep 2025HK$1.3tHK$1.2tHK$78.9b14.1x16.9x1.1x
Thu, 14 Aug 2025HK$1.4tHK$1.2tHK$78.0b15.7x17.8x1.1x
Sat, 12 Jul 2025HK$1.4tHK$1.2tHK$77.3b13.9x17.6x1.1x
Mon, 09 Jun 2025HK$1.4tHK$1.2tHK$77.1b14.5x18x1.1x
Wed, 07 May 2025HK$1.3tHK$1.2tHK$76.0b13.9x17.6x1.1x
Fri, 04 Apr 2025HK$1.4tHK$1.2tHK$74.6b15.8x18.2x1.2x
Sun, 02 Mar 2025HK$1.3tHK$1.2tHK$74.0b14.9x18x1.2x
Tue, 28 Jan 2025HK$1.2tHK$1.2tHK$74.2b12.8x16.2x1x
Thu, 26 Dec 2024HK$1.2tHK$1.2tHK$73.5b12.9x16.3x1x
Sat, 23 Nov 2024HK$1.1tHK$1.2tHK$74.2b11.6x14.8x0.9x
Mon, 21 Oct 2024HK$1.1tHK$1.2tHK$73.2b11x15.6x1x
Wed, 18 Sep 2024HK$1.1tHK$1.2tHK$73.1b10x14.4x0.9x
Fri, 16 Aug 2024HK$1.0tHK$1.2tHK$70.6b10.6x14.8x0.9x
Sun, 14 Jul 2024HK$1.1tHK$1.2tHK$69.6b12.2x16x1x
Tue, 11 Jun 2024HK$1.0tHK$1.2tHK$69.6b10.6x14.9x0.9x
Thu, 09 May 2024HK$1.0tHK$1.2tHK$69.9b11.8x14.6x0.9x
Sat, 06 Apr 2024HK$1.0tHK$1.1tHK$68.5b11.4x14.7x0.9x
Mon, 04 Mar 2024HK$1.0tHK$1.2tHK$67.6b11.6x15.1x0.9x
Wed, 31 Jan 2024HK$989.6bHK$1.2tHK$68.4b11.1x14.5x0.9x
Fri, 29 Dec 2023HK$917.7bHK$1.2tHK$68.3b9.7x13.4x0.8x
Sun, 26 Nov 2023HK$896.0bHK$1.2tHK$67.7b9.9x13.2x0.8x
Tue, 24 Oct 2023HK$923.2bHK$1.1tHK$67.9b10.5x13.6x0.8x
Thu, 21 Sep 2023HK$965.7bHK$1.1tHK$66.9b11.6x14.4x0.9x
Sat, 19 Aug 2023HK$942.5bHK$1.1tHK$66.9b11.1x14.1x0.8x
Mon, 17 Jul 2023HK$999.8bHK$1.1tHK$65.8b11.6x15.2x0.9x
Wed, 14 Jun 2023HK$1.0tHK$1.1tHK$65.9b11.8x15.7x0.9x
Fri, 12 May 2023HK$1.1tHK$1.2tHK$67.7b12.5x16.7x1x
Sun, 09 Apr 2023HK$1.2tHK$1.1tHK$66.9b12.7x17.4x1x
Tue, 07 Mar 2023HK$1.1tHK$1.1tHK$66.2b12.8x16.9x1x
Thu, 02 Feb 2023HK$973.6bHK$1.2tHK$68.9b12.2x14.1x0.8x
Price to Earnings Ratio

14.1x


Total Market Cap: HK$973.6bTotal Earnings: HK$68.9bTotal 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 2.6% 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-0.21%
Telecom-2.42%
Telecom Services and Carriers0.43%
Alternative Carriers3.78%
Integrated Telecom Services0.39%
Industry PE
  • Investors are most optimistic about the Integrated Telecom Services industry, which is trading close to its 3-year average PE ratio of 15.9x.
    • Analysts are expecting annual earnings growth of 11.9%, 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
728 China TelecomHK$5.241.0%
+HK$4.6b		7.8%PE12.4x
762 China Unicom (Hong Kong)HK$7.770.8%
+HK$1.8b		9.4%PE9.8x
1045 APT Satellite HoldingsHK$4.7711.7%
+HK$464.3m		118.8%PE24.5x
8 PCCWHK$5.520.5%
+HK$232.3m		21.3%PS1.1x
1883 CITIC Telecom International HoldingsHK$2.520.4%
+HK$37.0m		15.1%PE10.2x

Latest News

788
HK$11.38
China Tower
7D
-0.9%
1Y
-0.2%

788: Battery Recycling Push And Governance Reforms Will Support Future Upside

Analysts have increased their price target for China Tower to US$13.19 from US$13.13, citing slightly updated assumptions around the discount rate, long-term revenue growth, profit margins and future P/E expectations. What's in the News China Tower entered a cooperation agreement with China Carbon Neutral Development Group and China Renewable Resources Development Group to work together on lithium battery recycling and circular economy projects under China's carbon neutrality objectives (Key Developments).
762
HK$7.77
China Unicom (Hong Kong)
7D
0.8%
1Y
9.4%

762: Leadership Transition And Connectivity Expansion Will Support Future Share Price Upside

Analysts have slightly trimmed their fair value estimate for China Unicom (Hong Kong) to US$11.50 from about US$11.56, reflecting small adjustments to assumptions for the discount rate, revenue growth, profit margin, and future P/E multiple. What's in the News Dong Xin has been appointed Chief Executive Officer of China Unicom (Hong Kong) Limited with effect from January 14, while continuing to serve as Chairman of China United Network Communications Group Company Limited and China United Network Communications Corporation Limited (company announcement).
1310
HK$6.61
HKBN
7D
-2.4%
1Y
26.4%

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

Analysts have maintained their HKBN fair value estimate at HK$6.50, citing only minor adjustments to assumptions for discount rate, revenue growth and profit margins as the main reasons for keeping their price target essentially unchanged. What's in the News Board meeting held on 7 January 2026 to consider and approve a Distribution Framework Agreement and other matters.
6823
HK$11.45
HKT Trust and HKT
7D
-1.2%
1Y
19.4%

Earnings Not Telling The Story For HKT Trust and HKT Limited (HKG:6823)

Jan 18
Earnings Not Telling The Story For HKT Trust and HKT Limited (HKG:6823)
1045
HK$4.77
APT Satellite Holdings
7D
11.7%
1Y
118.8%
728
HK$5.24
China Telecom
7D
1.0%
1Y
7.8%

728: Governance Overhaul And Expanding Subscriber Base Will Support Upside Outlook

Analysts have trimmed their price target for China Telecom to US$6.00 from about US$6.09, citing updated assumptions that combine slightly higher expected revenue growth with modestly lower profit margins and a somewhat reduced future P/E multiple. What's in the News China Telecom approved amendments to its Articles of Association and the abolition of its Supervisory Committee, signaling a planned change to its governance structure.
8
HK$5.52
PCCW
7D
0.5%
1Y
21.3%

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

Jan 08
A Look At The Fair Value Of PCCW Limited (HKG:8)
524
HK$0.28
Great Wall Terroir Holdings
7D
-9.7%
1Y
-6.7%

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$2.52
CITIC Telecom International Holdings
7D
0.4%
1Y
15.1%

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