Hong Kong (HSI) Telecom Services and Carriers Industry Analysis

Industry Valuation and Performance

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

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Sun, 27 Nov 2022	HK$788.5b	HK$1.1t	HK$65.2b	10.8x	12.1x	0.7x
Tue, 25 Oct 2022	HK$729.3b	HK$1.1t	HK$63.6b	11.8x	11.5x	0.7x
Thu, 22 Sep 2022	HK$767.6b	HK$1.1t	HK$64.2b	12.4x	12x	0.7x
Sat, 20 Aug 2022	HK$818.2b	HK$1.1t	HK$66.1b	13.3x	12.4x	0.7x
Mon, 18 Jul 2022	HK$800.4b	HK$1.1t	HK$65.3b	13.2x	12.3x	0.7x
Wed, 15 Jun 2022	HK$791.8b	HK$1.1t	HK$65.3b	12.9x	12.1x	0.7x
Fri, 13 May 2022	HK$801.9b	HK$1.1t	HK$65.5b	13.5x	12.2x	0.7x
Sun, 10 Apr 2022	HK$849.4b	HK$1.1t	HK$66.0b	13.5x	12.9x	0.7x
Tue, 08 Mar 2022	HK$843.8b	HK$1.1t	HK$65.6b	13.2x	12.9x	0.7x
Thu, 03 Feb 2022	HK$865.4b	HK$1.1t	HK$63.9b	10x	13.5x	0.8x
Sat, 01 Jan 2022	HK$852.6b	HK$1.1t	HK$63.8b	9.3x	13.4x	0.8x
Mon, 29 Nov 2021	HK$877.5b	HK$1.1t	HK$63.6b	9.4x	13.8x	0.8x
Wed, 27 Oct 2021	HK$878.0b	HK$1.1t	HK$63.3b	9.7x	13.9x	0.8x
Fri, 24 Sep 2021	HK$897.2b	HK$1.1t	HK$60.9b	9.4x	14.7x	0.8x
Sun, 22 Aug 2021	HK$1.1t	HK$1.1t	HK$60.8b	14.9x	17.3x	1x
Fri, 09 Jul 2021	HK$689.3b	HK$1.1t	HK$60.8b	9x	11.3x	0.6x
Thu, 01 Apr 2021	HK$697.9b	HK$1.0t	HK$54.7b	9.8x	12.8x	0.7x
Sun, 03 Jan 2021	HK$649.7b	HK$1.0t	HK$52.8b	11.8x	12.3x	0.6x
Wed, 07 Oct 2020	HK$721.9b	HK$962.2b	HK$50.5b	11x	14.3x	0.8x
Tue, 30 Jun 2020	HK$693.8b	HK$916.4b	HK$48.1b	9.7x	14.4x	0.8x
Fri, 03 Apr 2020	HK$774.0b	HK$901.4b	HK$46.7b	13.6x	16.6x	0.9x
Mon, 06 Jan 2020	HK$936.2b	HK$917.8b	HK$48.7b	16.8x	19.2x	1x

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 12.1x which is lower than its 3-year average PE of 14.1x.

Past Earnings Growth

The earnings for companies in the Telecom industry have grown 11% per year over the last three years.
Revenues for these companies have grown 6.7% 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	-0.23%
Telecom	-1.67%
Telecom Services and Carriers	5.35%
Integrated Telecom Services	5.39%
Alternative Carriers	2.43%

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 14.2x.

Analysts are expecting annual earnings growth of 11.6%, which is lower than the prior year's growth of 18.1% per year.

Investors are most pessimistic about the Alternative Carriers industry, which is trading below 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.
However this is lower than its past earnings growth rate of 18% 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?

Company	Last Price	7D	1Y	Valuation
728 China Telecom	HK$3.08	5.8% +HK$15.6b	18.5%	PE9.5x
762 China Unicom (Hong Kong)	HK$4.13	7.6% +HK$8.9b	4.0%	PE6.8x
788 China Tower	HK$0.84	5.0% +HK$7.0b	-16.8%	PE16x
8 PCCW	HK$3.43	4.6% +HK$1.2b	-14.2%	PE33x
6823 HKT Trust and HKT	HK$9.48	1.4% +HK$984.6m	-11.1%	PE14.9x

Oct 19

Industry Valuation and Performance