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Hong Kong (HSI) Telecom Services and Carriers Industry Analysis

UpdatedFeb 04, 2026
DataAggregated Company Financials
Companies8
  • 7D-2.2%
  • 3M-11.6%
  • 1Y3.5%
  • YTD-6.8%

Over the last 7 days, the Telecom Services and Carriers industry has dropped 2.2%, driven by a pullback from China Telecom of 7.4%. Over the past 12 months, the industry was up 3.5%. Earnings are forecast to grow by 12% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 04 Feb 2026HK$1.1tHK$1.2tHK$82.0b15.1x13.9x0.9x
Fri, 02 Jan 2026HK$1.2tHK$1.2tHK$81.1b14.3x14.9x1x
Sun, 30 Nov 2025HK$1.3tHK$1.2tHK$80.3b14.3x16.4x1.1x
Tue, 28 Oct 2025HK$1.3tHK$1.2tHK$79.7b13.6x16.3x1.1x
Thu, 25 Sep 2025HK$1.3tHK$1.2tHK$78.9b13.1x16.2x1.1x
Sat, 23 Aug 2025HK$1.4tHK$1.2tHK$78.7b15.2x17.8x1.2x
Mon, 21 Jul 2025HK$1.4tHK$1.2tHK$77.3b14.5x17.9x1.1x
Wed, 18 Jun 2025HK$1.4tHK$1.2tHK$77.2b14.5x17.9x1.1x
Fri, 16 May 2025HK$1.4tHK$1.2tHK$76.6b14.4x17.8x1.1x
Sun, 13 Apr 2025HK$1.3tHK$1.2tHK$74.4b15.2x17.7x1.1x
Tue, 11 Mar 2025HK$1.4tHK$1.2tHK$74.1b15.3x18.5x1.2x
Thu, 06 Feb 2025HK$1.2tHK$1.2tHK$73.9b12.7x16.1x1x
Sat, 04 Jan 2025HK$1.2tHK$1.2tHK$73.5b12.5x16.1x1x
Mon, 02 Dec 2024HK$1.1tHK$1.2tHK$74.2b11.8x14.9x0.9x
Wed, 30 Oct 2024HK$1.1tHK$1.2tHK$73.8b10.4x15.3x1x
Fri, 27 Sep 2024HK$1.1tHK$1.2tHK$73.8b10x15x0.9x
Sun, 25 Aug 2024HK$1.1tHK$1.2tHK$72.8b10.7x15x0.9x
Tue, 23 Jul 2024HK$1.1tHK$1.1tHK$69.4b12.1x15.9x1x
Thu, 20 Jun 2024HK$1.0tHK$1.1tHK$69.5b10.9x14.9x0.9x
Sat, 18 May 2024HK$1.0tHK$1.2tHK$69.8b12.2x14.9x0.9x
Mon, 15 Apr 2024HK$1.0tHK$1.1tHK$68.5b11.8x14.8x0.9x
Wed, 13 Mar 2024HK$989.8bHK$1.2tHK$68.1b10.8x14.5x0.9x
Fri, 09 Feb 2024HK$995.8bHK$1.2tHK$68.3b11.4x14.6x0.9x
Sun, 07 Jan 2024HK$915.2bHK$1.2tHK$67.9b9.9x13.5x0.8x
Tue, 05 Dec 2023HK$904.2bHK$1.2tHK$68.0b9.8x13.3x0.8x
Thu, 02 Nov 2023HK$876.8bHK$1.1tHK$68.0b9.7x12.9x0.8x
Sat, 30 Sep 2023HK$949.5bHK$1.1tHK$67.0b11.4x14.2x0.8x
Mon, 28 Aug 2023HK$950.2bHK$1.1tHK$67.2b10.7x14.1x0.8x
Wed, 26 Jul 2023HK$995.2bHK$1.1tHK$65.7b12.2x15.1x0.9x
Fri, 23 Jun 2023HK$963.9bHK$1.1tHK$65.6b11.2x14.7x0.9x
Sun, 21 May 2023HK$1.0tHK$1.1tHK$66.9b12x15.6x0.9x
Tue, 18 Apr 2023HK$1.2tHK$1.1tHK$66.9b13x17.7x1x
Thu, 16 Mar 2023HK$1.2tHK$1.1tHK$66.4b12.9x17.6x1x
Sat, 11 Feb 2023HK$966.1bHK$1.1tHK$68.3b12x14.1x0.8x
Price to Earnings Ratio

14.1x


Total Market Cap: HK$966.1bTotal Earnings: HK$68.3bTotal 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 6.3% per year over the last three years.
  • Revenues for these companies have grown 3.0% 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 Market-1.27%
Telecom-3.35%
Telecom Services and Carriers-2.23%
Alternative Carriers1.11%
Integrated Telecom Services-2.27%
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 11.7%, 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 9.1x.
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 5.6% 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
8 PCCWHK$6.074.7%
+HK$2.1b		34.6%PS1.2x
6823 HKT Trust and HKTHK$11.740.9%
+HK$758.2m		22.4%PE17.3x
1045 APT Satellite HoldingsHK$4.345.6%
+HK$213.6m		102.8%PE22.3x
1883 CITIC Telecom International HoldingsHK$2.560.4%
+HK$37.0m		16.4%PE10.3x
524 Great Wall Terroir HoldingsHK$0.3313.8%
+HK$7.9m		0%PS0.7x

Latest News

1310
HK$6.97
HKBN
7D
-0.9%
1Y
31.5%

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).
8
HK$6.07
PCCW
7D
4.7%
1Y
34.6%
6823
HK$11.74
HKT Trust and HKT
7D
0.9%
1Y
22.4%
1883
HK$2.56
CITIC Telecom International Holdings
7D
0.4%
1Y
16.4%
728
HK$5.02
China Telecom
7D
-7.4%
1Y
3.3%

728: Governance Overhaul And Higher Profitability Expectations Will Support Future Upside

Analysts have nudged their fair value estimate for China Telecom higher from ¥8.54 to ¥8.82, citing updated assumptions for discount rate, revenue growth, profit margin and future P/E that slightly shift the balance between expected growth and profitability. What's in the News The board proposes amendments to the Articles of Association, including abolishing the Supervisory Committee, to reflect updated laws, regulations and the company’s operating needs (Key Developments).
788
HK$10.97
China Tower
7D
-4.3%
1Y
-2.1%

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$7.28
China Unicom (Hong Kong)
7D
-10.1%
1Y
1.8%

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).
1045
HK$4.34
APT Satellite Holdings
7D
5.6%
1Y
102.8%
524
HK$0.33
Great Wall Terroir Holdings
7D
13.8%
1Y
0%

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)