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Hong Kong (HSI) Telecom Services and Carriers Industry Analysis

UpdatedMar 01, 2026
DataAggregated Company Financials
Companies8
  • 7D1.4%
  • 3M-12.7%
  • 1Y-9.5%
  • YTD-5.8%

In the last week, the Telecom Services and Carriers industry is up 1.4%, with China Telecom up 1.2%. In contrast, the industry has lost 9.5% in the last 12 months. As for the next few years, earnings are expected to grow by 13% 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, 01 Mar 2026HK$1.2tHK$1.3tHK$83.2b15.1x14.1x0.9x
Tue, 27 Jan 2026HK$1.2tHK$1.2tHK$81.7b15.7x14.3x0.9x
Thu, 25 Dec 2025HK$1.2tHK$1.2tHK$80.8b13.2x15.4x1x
Sat, 22 Nov 2025HK$1.3tHK$1.2tHK$79.9b14.2x16.3x1.1x
Mon, 20 Oct 2025HK$1.3tHK$1.2tHK$78.9b14.1x16.3x1.1x
Wed, 17 Sep 2025HK$1.3tHK$1.2tHK$79.0b13.9x16.7x1.1x
Fri, 15 Aug 2025HK$1.4tHK$1.2tHK$78.0b15.6x17.9x1.2x
Sun, 13 Jul 2025HK$1.3tHK$1.2tHK$77.4b13.9x17.4x1.1x
Tue, 10 Jun 2025HK$1.4tHK$1.2tHK$77.2b14.5x18.1x1.2x
Thu, 08 May 2025HK$1.4tHK$1.2tHK$76.0b14.2x17.9x1.1x
Sat, 05 Apr 2025HK$1.4tHK$1.2tHK$74.6b15.8x18.2x1.2x
Mon, 03 Mar 2025HK$1.3tHK$1.2tHK$74.0b14.9x18x1.2x
Wed, 29 Jan 2025HK$1.2tHK$1.2tHK$74.2b12.7x16.1x1x
Fri, 27 Dec 2024HK$1.2tHK$1.2tHK$73.6b12.9x16.5x1.1x
Sun, 24 Nov 2024HK$1.1tHK$1.2tHK$74.2b11.6x14.7x0.9x
Tue, 22 Oct 2024HK$1.2tHK$1.2tHK$73.1b10.9x15.8x1x
Thu, 19 Sep 2024HK$1.1tHK$1.2tHK$73.1b10x14.4x0.9x
Sat, 17 Aug 2024HK$1.1tHK$1.2tHK$71.6b10.6x14.7x0.9x
Mon, 15 Jul 2024HK$1.1tHK$1.2tHK$69.6b12.2x16x1x
Wed, 12 Jun 2024HK$1.0tHK$1.2tHK$69.6b10.5x14.9x0.9x
Fri, 10 May 2024HK$1.0tHK$1.2tHK$69.9b11.8x14.6x0.9x
Sun, 07 Apr 2024HK$1.0tHK$1.1tHK$68.5b11.4x14.7x0.9x
Tue, 05 Mar 2024HK$1.0tHK$1.1tHK$67.6b11.6x15.1x0.9x
Thu, 01 Feb 2024HK$979.8bHK$1.2tHK$68.4b11.1x14.3x0.8x
Sat, 30 Dec 2023HK$929.7bHK$1.2tHK$68.3b9.8x13.6x0.8x
Mon, 27 Nov 2023HK$896.0bHK$1.2tHK$67.7b9.9x13.2x0.8x
Wed, 25 Oct 2023HK$908.7bHK$1.1tHK$67.9b10.2x13.4x0.8x
Fri, 22 Sep 2023HK$970.2bHK$1.1tHK$66.9b11.7x14.5x0.9x
Sun, 20 Aug 2023HK$943.2bHK$1.1tHK$67.1b11.1x14.1x0.8x
Tue, 18 Jul 2023HK$993.4bHK$1.1tHK$65.6b11.7x15.2x0.9x
Thu, 15 Jun 2023HK$1.0tHK$1.1tHK$65.8b11.4x15.4x0.9x
Sat, 13 May 2023HK$1.1tHK$1.2tHK$67.7b12.2x16.4x1x
Mon, 10 Apr 2023HK$1.2tHK$1.1tHK$66.9b12.7x17.4x1x
Wed, 08 Mar 2023HK$1.1tHK$1.1tHK$66.2b12.3x16.9x1x
Price to Earnings Ratio

16.9x


Total Market Cap: HK$1.1tTotal Earnings: HK$66.2bTotal 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 14.1x 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 7.9% 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 Market0.15%
Telecom-0.41%
Telecom Services and Carriers1.39%
Integrated Telecom Services1.40%
Alternative Carriers0.56%
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 15.8x.
    • Analysts are expecting annual earnings growth of 12.9%, 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
728 China TelecomHK$4.981.2%
+HK$5.5b		-14.7%PE11.6x
762 China Unicom (Hong Kong)HK$7.551.6%
+HK$3.7b		-20.3%PE9.4x
788 China TowerHK$11.151.7%
+HK$3.3b		1.0%PE15.1x
6823 HKT Trust and HKTHK$12.341.6%
+HK$1.4b		23.8%PE17.7x
1310 HKBNHK$7.376.5%
+HK$665.5m		45.9%PE52.7x

Latest News

8
HK$5.94
PCCW
7D
-0.2%
1Y
32.0%

8: Lower Margin Assumptions Will Restrain Future Upside Despite Rich P/E

Analysts have revised their PCCW price target to HK$5.10, reflecting updated assumptions around discount rates, profit margins and future P/E, while maintaining their fair value estimate at HK$5.10. What's in the News PCCW has scheduled a board meeting on Feb 10, 2026 to review the annual results for the year ended Dec 31, 2025 and to consider a dividend payment, if applicable (Board Meeting).
1045
HK$3.84
APT Satellite Holdings
7D
3.2%
1Y
73.0%
728
HK$4.98
China Telecom
7D
1.2%
1Y
-14.7%

728: Governance Changes And Margin Reset Will Shape A Balanced Upside Outlook

Analysts have trimmed their price target on China Telecom to HK$5.50 from HK$6.00, pointing to updated assumptions around slightly higher revenue growth, a lower profit margin profile, a marginally higher discount rate and a modestly higher future P/E multiple. What's in the News Shareholders approved amendments to China Telecom Corporation Limited's Articles of Association, signaling an update to the company's formal governance framework (Key Developments).
1310
HK$7.37
HKBN
7D
6.5%
1Y
45.9%

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).
788
HK$11.15
China Tower
7D
1.7%
1Y
1.0%

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$12.34
HKT Trust and HKT
7D
1.6%
1Y
23.8%
762
HK$7.55
China Unicom (Hong Kong)
7D
1.6%
1Y
-20.3%

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$2.62
CITIC Telecom International Holdings
7D
-0.4%
1Y
10.1%
524
HK$0.36
Great Wall Terroir Holdings
7D
5.9%
1Y
12.5%

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)