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Hong Kong (HSI) Telecom Services and Carriers Industry Analysis

UpdatedJul 26, 2026
DataAggregated Company Financials
Companies8
  • 7D1.4%
  • 3M-8.5%
  • 1Y-18.7%
  • YTD-13.9%

Over the last 7 days, the Telecom Services and Carriers industry has risen 1.4%, driven by gains from China Unicom (Hong Kong) of 3.4%. In contrast, the industry has lost 19% in the last 12 months. As for the next few years, earnings are expected to grow by 8.5% 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
Sun, 26 Jul 2026HK$1.2tHK$1.3tHK$80.4b11.5x14.3x0.9x
Tue, 23 Jun 2026HK$1.1tHK$1.3tHK$80.4b11.3x13.6x0.9x
Thu, 21 May 2026HK$1.3tHK$1.3tHK$80.0b14x15.8x1x
Sat, 18 Apr 2026HK$1.2tHK$1.3tHK$81.6b14.4x14.4x0.9x
Mon, 16 Mar 2026HK$1.2tHK$1.3tHK$82.8b15.7x14.7x1x
Wed, 11 Feb 2026HK$1.1tHK$1.3tHK$82.5b14.9x13.9x0.9x
Fri, 09 Jan 2026HK$1.2tHK$1.2tHK$81.3b16x14.9x1x
Sun, 07 Dec 2025HK$1.3tHK$1.2tHK$80.3b14.3x16.4x1.1x
Tue, 04 Nov 2025HK$1.3tHK$1.2tHK$79.7b13.5x16.1x1.1x
Thu, 02 Oct 2025HK$1.3tHK$1.2tHK$79.0b13x16x1x
Sat, 30 Aug 2025HK$1.4tHK$1.2tHK$78.9b14.2x17.5x1.1x
Mon, 28 Jul 2025HK$1.4tHK$1.2tHK$77.4b14.4x17.5x1.1x
Wed, 25 Jun 2025HK$1.4tHK$1.2tHK$77.3b14.2x17.9x1.1x
Fri, 23 May 2025HK$1.4tHK$1.2tHK$76.8b14.7x18x1.2x
Sun, 20 Apr 2025HK$1.3tHK$1.2tHK$74.9b15.4x17.8x1.1x
Tue, 18 Mar 2025HK$1.4tHK$1.2tHK$74.3b15.4x18.3x1.2x
Thu, 13 Feb 2025HK$1.3tHK$1.2tHK$73.6b14.8x17.6x1.1x
Sat, 11 Jan 2025HK$1.2tHK$1.2tHK$73.4b12.6x16x1x
Mon, 09 Dec 2024HK$1.1tHK$1.2tHK$73.9b12.2x15.3x1x
Wed, 06 Nov 2024HK$1.1tHK$1.2tHK$75.4b11.5x14.9x1x
Fri, 04 Oct 2024HK$1.2tHK$1.2tHK$73.4b10.6x15.7x1x
Sun, 01 Sep 2024HK$1.1tHK$1.2tHK$73.2b10.8x14.8x0.9x
Tue, 30 Jul 2024HK$1.1tHK$1.2tHK$69.6b11.4x15.3x0.9x
Thu, 27 Jun 2024HK$1.0tHK$1.1tHK$69.4b11.3x15x0.9x
Sat, 25 May 2024HK$1.0tHK$1.2tHK$69.7b10.6x14.7x0.9x
Mon, 22 Apr 2024HK$1.0tHK$1.2tHK$69.3b12.3x15x0.9x
Wed, 20 Mar 2024HK$982.7bHK$1.2tHK$67.8b10.9x14.5x0.9x
Fri, 16 Feb 2024HK$985.2bHK$1.2tHK$68.2b11.1x14.4x0.8x
Sun, 14 Jan 2024HK$898.5bHK$1.2tHK$67.8b10.6x13.3x0.8x
Tue, 12 Dec 2023HK$893.6bHK$1.1tHK$67.5b9.7x13.2x0.8x
Thu, 09 Nov 2023HK$880.9bHK$1.1tHK$66.7b9.6x13.2x0.8x
Sat, 07 Oct 2023HK$942.4bHK$1.1tHK$67.0b11.3x14.1x0.8x
Mon, 04 Sep 2023HK$945.7bHK$1.1tHK$67.4b10.8x14x0.8x
Wed, 02 Aug 2023HK$985.5bHK$1.1tHK$65.4b11.8x15.1x0.9x
Price to Earnings Ratio

15.1x


Total Market Cap: HK$985.5bTotal Earnings: HK$65.4bTotal 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 7.0% per year over the last three years.
  • Revenues for these companies have grown 4.1% 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 Market2.50%
Telecom-2.94%
Telecom Services and Carriers1.39%
Alternative Carriers3.45%
Integrated Telecom Services1.37%
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 8.5%, which is higher than its past year's earnings growth of 4.3% 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 9.5x.
Forecasted Growth
  • Analysts are most optimistic on the Integrated Telecom Services industry, expecting annual earnings growth of 8.5% 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 4.9% 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$6.603.4%
+HK$6.7b		-30.2%PE8.8x
788 China TowerHK$9.603.1%
+HK$5.1b		-18.2%PE11.5x
6823 HKT Trust and HKTHK$12.864.7%
+HK$4.4b		4.6%PE18.4x
8 PCCWHK$5.771.1%
+HK$464.7m		2.3%PS1.1x
1883 CITIC Telecom International HoldingsHK$2.683.9%
+HK$370.1m		6.3%PE10.8x

Latest News

728
HK$4.62
China Telecom
7D
-0.2%
1Y
-19.2%
Narrative Update • Jul 24

728: Upcoming Dividend Will Support Future Rerating Potential

Analysts have modestly reduced their price target for China Telecom, reflecting slightly lower fair value and revenue growth assumptions, along with a more conservative future P/E outlook, while keeping profit margin expectations broadly similar in HK$ terms. What’s in the News for China Telecom China Telecom approved a final dividend of RMB 0.0908 per share, equivalent to HK$0.10391 per share, for the year ended 31 December 2025.
8
HK$5.77
PCCW
7D
1.1%
1Y
2.3%
6823
HK$12.86
HKT Trust and HKT
7D
4.7%
1Y
4.6%
788
HK$9.60
China Tower
7D
3.1%
1Y
-18.2%
Narrative Update • Jul 14

788: Dividend Strength And Edge Upgrades Will Support Future Upside

Analysts have trimmed their fair value estimate for China Tower, cutting the implied price target from HK$13.14 to HK$8.10 as they factor in a slower ramp up of AI token penetration, softer 5G base station deployment and higher value added tax rates. What's in the News China Tower joined the GSMA as a new member, adding what GSMA describes as the world's largest telecommunications tower company to its global ecosystem, according to GSMA.
1883
HK$2.68
CITIC Telecom International Holdings
7D
3.9%
1Y
6.3%
1310
HK$5.84
HKBN
7D
0.3%
1Y
16.8%
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.
1045
HK$2.16
APT Satellite Holdings
7D
1.4%
1Y
6.4%
762
HK$6.60
China Unicom (Hong Kong)
7D
3.4%
1Y
-30.2%
524
HK$2.17
Great Wall Terroir Holdings
7D
8.5%
1Y
611.5%