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Hong Kong (HSI) Telecom Services and Carriers Industry Analysis

UpdatedFeb 20, 2026
DataAggregated Company Financials
Companies8
  • 7D0.5%
  • 3M-13.1%
  • 1Y-21.0%
  • YTD-7.3%

In the last week, Telecom Services and Carriers has been flat. As for the longer term, the industry has declined 14% in the last year. Looking forward, earnings are forecast to grow by 13% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 20 Feb 2026HK$1.1tHK$1.3tHK$82.5b15.1x13.9x0.9x
Sun, 18 Jan 2026HK$1.2tHK$1.2tHK$81.5b15.9x14.5x1x
Tue, 16 Dec 2025HK$1.3tHK$1.2tHK$80.6b13.5x15.8x1x
Thu, 13 Nov 2025HK$1.3tHK$1.2tHK$79.7b14.3x16.7x1.1x
Sat, 11 Oct 2025HK$1.3tHK$1.2tHK$78.9b13.5x16.2x1.1x
Mon, 08 Sep 2025HK$1.3tHK$1.2tHK$78.9b13.9x16.8x1.1x
Wed, 06 Aug 2025HK$1.4tHK$1.2tHK$77.3b15.1x17.7x1.1x
Fri, 04 Jul 2025HK$1.4tHK$1.2tHK$77.5b14x17.6x1.1x
Sun, 01 Jun 2025HK$1.4tHK$1.2tHK$77.0b15.1x18.2x1.2x
Tue, 29 Apr 2025HK$1.3tHK$1.2tHK$75.3b14x17.5x1.1x
Thu, 27 Mar 2025HK$1.3tHK$1.2tHK$74.8b15x17.2x1.1x
Sat, 22 Feb 2025HK$1.5tHK$1.2tHK$74.0b15.1x20x1.3x
Mon, 20 Jan 2025HK$1.2tHK$1.2tHK$73.5b12.5x16.1x1x
Wed, 18 Dec 2024HK$1.2tHK$1.2tHK$73.7b12.6x15.9x1x
Fri, 15 Nov 2024HK$1.1tHK$1.2tHK$74.2b11.3x15x1x
Sun, 13 Oct 2024HK$1.1tHK$1.2tHK$73.1b10.8x15.5x1x
Tue, 10 Sep 2024HK$1.1tHK$1.2tHK$72.9b9.9x14.6x0.9x
Thu, 08 Aug 2024HK$1.1tHK$1.2tHK$70.3b10.8x15x0.9x
Sat, 06 Jul 2024HK$1.1tHK$1.1tHK$69.5b11.9x15.9x1x
Mon, 03 Jun 2024HK$1.0tHK$1.2tHK$69.7b10.9x14.8x0.9x
Wed, 01 May 2024HK$1.0tHK$1.2tHK$69.8b11.8x14.6x0.9x
Fri, 29 Mar 2024HK$1.0tHK$1.1tHK$68.5b11.6x14.7x0.9x
Sun, 25 Feb 2024HK$1.0tHK$1.1tHK$67.6b12x15.4x0.9x
Tue, 23 Jan 2024HK$894.8bHK$1.1tHK$67.5b10.4x13.3x0.8x
Thu, 21 Dec 2023HK$886.2bHK$1.2tHK$67.9b9.5x13.1x0.8x
Sat, 18 Nov 2023HK$869.5bHK$1.1tHK$67.2b9.7x12.9x0.8x
Mon, 16 Oct 2023HK$957.3bHK$1.1tHK$66.9b11.1x14.3x0.9x
Wed, 13 Sep 2023HK$965.1bHK$1.1tHK$67.0b11.1x14.4x0.9x
Fri, 11 Aug 2023HK$986.5bHK$1.1tHK$67.5b11.1x14.6x0.9x
Sun, 09 Jul 2023HK$966.7bHK$1.1tHK$65.2b11.4x14.8x0.9x
Tue, 06 Jun 2023HK$1.0tHK$1.1tHK$66.2b11.6x15.8x0.9x
Thu, 04 May 2023HK$1.1tHK$1.2tHK$68.1b12.2x16.7x1x
Sat, 01 Apr 2023HK$1.1tHK$1.1tHK$66.8b12.1x16.3x1x
Mon, 27 Feb 2023HK$990.6bHK$1.1tHK$65.7b11.6x15.1x0.9x
Price to Earnings Ratio

15.1x


Total Market Cap: HK$990.6bTotal Earnings: HK$65.7bTotal Revenue: HK$1.1tTotal Market Cap vs Earnings and Revenue0%0%0%
Hong Kong Telecom Services and Carriers Industry Price to Earnings3Y Average 15.7x202420252026
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 13.9x 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 7.8% per year over the last three years.
  • Revenues for these companies have grown 4.0% 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 Market0.67%
Telecom0.28%
Telecom Services and Carriers0.54%
Alternative Carriers1.00%
Integrated Telecom Services0.54%
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 13.2%, 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 13% 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
762 China Unicom (Hong Kong)HK$7.432.5%
+HK$5.5b		-31.3%PE9.3x
728 China TelecomHK$4.920.6%
+HK$2.7b		-26.8%PE11.5x
6823 HKT Trust and HKTHK$12.151.1%
+HK$985.7m		23.5%PE17.4x
1883 CITIC Telecom International HoldingsHK$2.631.9%
+HK$185.0m		8.2%PE10.6x
1045 APT Satellite HoldingsHK$3.722.8%
+HK$92.9m		70.6%PE19.1x

Latest News

1310
HK$6.92
HKBN
7D
0.3%
1Y
36.8%

1310: Dividend Payout And New Distribution Agreement Will Support Balanced Risk Profile

Analysts have kept their HKBN fair value estimate unchanged at HK$6.50, with a slightly lower discount rate and a marginally reduced forward P/E assumption helping to fine tune their price target while keeping the overall valuation view intact. What's in the News HKBN entered into a Distribution Framework Agreement with Venustech for the supply, purchase and distribution of network security products and solutions services in Hong Kong and Macao, running from the agreement date to 31 December 2028 (Key Developments).
1045
HK$3.72
APT Satellite Holdings
7D
2.8%
1Y
70.6%

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$5.95
PCCW
7D
-0.2%
1Y
21.9%

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$10.96
China Tower
7D
-0.5%
1Y
-9.4%

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$12.15
HKT Trust and HKT
7D
1.1%
1Y
23.5%
728
HK$4.92
China Telecom
7D
0.6%
1Y
-26.8%

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$7.43
China Unicom (Hong Kong)
7D
2.5%
1Y
-31.3%

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).
1883
HK$2.63
CITIC Telecom International Holdings
7D
1.9%
1Y
8.2%