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Hong Kong (HSI) Telecom Services and Carriers Industry Analysis

UpdatedSep 01, 2026
DataAggregated Company Financials
Companies7
  • 7D-0.2%
  • 3M-10.3%
  • 1Y-20.6%
  • YTD-15.1%

The Telecom Services and Carriers industry has stayed flat over the last week. Unfortunately though, the industry is down 21% over the past 12 months. As for the next few years, earnings are expected to grow by 7.1% 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
Wed, 02 Sep 2026HK$1.1tHK$1.2tHK$75.3b12.9x14.4x0.9x
Fri, 31 Jul 2026HK$1.2tHK$1.3tHK$80.7b12x14.9x0.9x
Sun, 28 Jun 2026HK$1.0tHK$1.3tHK$80.2b10.9x12.9x0.8x
Tue, 26 May 2026HK$1.2tHK$1.3tHK$80.2b13.5x15.1x1x
Thu, 23 Apr 2026HK$1.2tHK$1.3tHK$81.5b13.6x14.6x0.9x
Sat, 21 Mar 2026HK$1.2tHK$1.3tHK$82.5b14.6x14.2x0.9x
Mon, 16 Feb 2026HK$1.1tHK$1.3tHK$82.6b15.1x13.8x0.9x
Wed, 14 Jan 2026HK$1.2tHK$1.2tHK$81.5b15.9x15x1x
Fri, 12 Dec 2025HK$1.3tHK$1.2tHK$80.4b13.5x16x1.1x
Sun, 09 Nov 2025HK$1.3tHK$1.2tHK$79.7b14.2x16.5x1.1x
Tue, 07 Oct 2025HK$1.3tHK$1.2tHK$79.0b13x16x1x
Thu, 04 Sep 2025HK$1.4tHK$1.2tHK$78.9b14x17.1x1.1x
Sat, 02 Aug 2025HK$1.4tHK$1.2tHK$77.0b15.5x17.7x1.1x
Mon, 30 Jun 2025HK$1.4tHK$1.2tHK$77.3b14.1x17.6x1.1x
Wed, 28 May 2025HK$1.4tHK$1.2tHK$77.0b15x18.2x1.2x
Fri, 25 Apr 2025HK$1.3tHK$1.2tHK$75.0b14.4x17.6x1.1x
Sun, 23 Mar 2025HK$1.3tHK$1.2tHK$74.5b15.3x17.5x1.1x
Tue, 18 Feb 2025HK$1.4tHK$1.2tHK$74.0b14.7x18.5x1.2x
Thu, 16 Jan 2025HK$1.2tHK$1.2tHK$73.4b12.3x15.9x1x
Sat, 14 Dec 2024HK$1.1tHK$1.2tHK$73.8b12.4x15.5x1x
Mon, 11 Nov 2024HK$1.1tHK$1.2tHK$74.7b11.3x14.9x0.9x
Wed, 09 Oct 2024HK$1.2tHK$1.2tHK$73.3b10.7x15.8x1x
Fri, 06 Sep 2024HK$1.1tHK$1.2tHK$73.1b10.2x14.7x0.9x
Sun, 04 Aug 2024HK$1.1tHK$1.2tHK$70.4b11.2x15.2x0.9x
Tue, 02 Jul 2024HK$1.1tHK$1.1tHK$69.4b11.7x15.6x0.9x
Thu, 30 May 2024HK$1.0tHK$1.2tHK$69.6b10.8x14.8x0.9x
Sat, 27 Apr 2024HK$1.0tHK$1.2tHK$69.8b12x14.9x0.9x
Mon, 25 Mar 2024HK$995.4bHK$1.1tHK$68.5b11.3x14.5x0.9x
Wed, 21 Feb 2024HK$1.0tHK$1.1tHK$67.5b11.8x15.2x0.9x
Fri, 19 Jan 2024HK$907.3bHK$1.1tHK$67.6b10.6x13.4x0.8x
Sun, 17 Dec 2023HK$905.0bHK$1.2tHK$68.1b9.7x13.3x0.8x
Tue, 14 Nov 2023HK$885.1bHK$1.1tHK$66.6b9.6x13.3x0.8x
Thu, 12 Oct 2023HK$947.1bHK$1.1tHK$66.9b11.2x14.2x0.8x
Sat, 09 Sep 2023HK$951.0bHK$1.1tHK$66.7b10.9x14.3x0.8x
Price to Earnings Ratio

14.3x


Total Market Cap: HK$951.0bTotal Earnings: HK$66.7bTotal 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 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 15.5x.
  • 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 4.1% per year over the last three years.
  • Revenues for these companies have grown 3.1% 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 Market1.17%
Telecom0.93%
Telecom Services and Carriers-0.22%
Alternative Carriers0.56%
Integrated Telecom Services-0.23%
Industry PE
  • Investors are most optimistic about the Integrated Telecom Services industry, which is trading close to its 3-year average PE ratio of 15.6x.
    • Analysts are expecting annual earnings growth of 7.1%, which is higher than its past year's earnings growth of 4.3% per year.
  • Investors are most pessimistic about the Alternative Carriers industry, which is trading close to its 3-year average of 9.6x.
Forecasted Growth
  • Analysts are most optimistic on the Integrated Telecom Services industry, expecting annual earnings growth of 7.1% 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
8 PCCWHK$5.401.3%
+HK$542.1m		3.0%PS1x
1045 APT Satellite HoldingsHK$2.1610.2%
+HK$185.7m		1.2%PE15x

Latest News

788
HK$9.19
China Tower
7D
-0.8%
1Y
-19.9%
1045
HK$2.16
APT Satellite Holdings
7D
10.2%
1Y
1.2%
762
HK$5.63
China Unicom (Hong Kong)
7D
-2.6%
1Y
-39.9%
728
HK$4.92
China Telecom
7D
-0.4%
1Y
-13.8%
Narrative Update • Aug 23

728: Upcoming Dividend And Interim Results Will Support Future Rerating Potential

Analysts have reduced their fair value estimate for China Telecom from HK$6.11 to HK$5.98, citing updated assumptions for the discount rate, revenue growth, profit margin and future P/E, which together indicate a slightly more conservative price target framework. What's in the News for China Telecom China Telecom has scheduled a board meeting for 20 Aug 2026 to review the interim results of the company and its subsidiaries for the six months ended 30 June 2026.
1883
HK$2.43
CITIC Telecom International Holdings
7D
-0.8%
1Y
-4.3%
8
HK$5.40
PCCW
7D
1.3%
1Y
3.0%
6823
HK$12.16
HKT Trust and HKT
7D
-0.3%
1Y
3.6%
1310
HK$5.72
HKBN
7D
-3.4%
1Y
12.8%
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.