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Hong Kong (HSI) Telecom Services and Carriers Industry Analysis

UpdatedMar 05, 2026
DataAggregated Company Financials
Companies8
  • 7D-0.8%
  • 3M-14.3%
  • 1Y-12.3%
  • YTD-6.5%

Over the last 7 days, the Telecom Services and Carriers industry has remained flat. As for the longer term, the industry has declined 9.2% in the last year. 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
Thu, 05 Mar 2026HK$1.2tHK$1.3tHK$82.6b14.9x14.1x0.9x
Sat, 31 Jan 2026HK$1.2tHK$1.2tHK$81.8b15.5x14.6x1x
Mon, 29 Dec 2025HK$1.2tHK$1.2tHK$80.9b13.2x15.4x1x
Wed, 26 Nov 2025HK$1.3tHK$1.2tHK$80.1b14.4x16.4x1.1x
Fri, 24 Oct 2025HK$1.3tHK$1.2tHK$79.6b13.8x16.3x1.1x
Sun, 21 Sep 2025HK$1.3tHK$1.2tHK$78.9b13.5x16.5x1.1x
Tue, 19 Aug 2025HK$1.4tHK$1.2tHK$77.7b16.2x17.9x1.2x
Thu, 17 Jul 2025HK$1.4tHK$1.2tHK$77.3b14.3x17.8x1.1x
Sat, 14 Jun 2025HK$1.4tHK$1.2tHK$77.2b14.4x17.7x1.1x
Mon, 12 May 2025HK$1.3tHK$1.2tHK$76.1b14.3x17.7x1.1x
Wed, 09 Apr 2025HK$1.3tHK$1.2tHK$74.0b14.8x17.9x1.1x
Fri, 07 Mar 2025HK$1.4tHK$1.2tHK$74.3b15.2x18.8x1.2x
Sun, 02 Feb 2025HK$1.2tHK$1.2tHK$74.2b12.7x16.1x1x
Tue, 31 Dec 2024HK$1.2tHK$1.2tHK$73.5b12.9x16.5x1.1x
Thu, 28 Nov 2024HK$1.1tHK$1.2tHK$74.2b11.8x14.9x1x
Sat, 26 Oct 2024HK$1.1tHK$1.2tHK$73.9b10.6x15.3x1x
Mon, 23 Sep 2024HK$1.1tHK$1.2tHK$73.5b10x14.6x0.9x
Wed, 21 Aug 2024HK$1.1tHK$1.2tHK$71.4b10.7x15x0.9x
Fri, 19 Jul 2024HK$1.1tHK$1.1tHK$69.5b11.8x15.9x1x
Sun, 16 Jun 2024HK$1.0tHK$1.2tHK$69.6b10.6x14.8x0.9x
Tue, 14 May 2024HK$1.0tHK$1.2tHK$69.8b12.1x14.9x0.9x
Thu, 11 Apr 2024HK$1.0tHK$1.1tHK$68.5b11.8x14.8x0.9x
Sat, 09 Mar 2024HK$1.0tHK$606.5bHK$35.2b14.2x29x1.7x
Mon, 05 Feb 2024HK$984.2bHK$1.1tHK$67.6b11.1x14.6x0.9x
Wed, 03 Jan 2024HK$918.7bHK$1.2tHK$68.0b9.8x13.5x0.8x
Fri, 01 Dec 2023HK$899.8bHK$1.2tHK$67.9b9.8x13.2x0.8x
Sun, 29 Oct 2023HK$884.5bHK$1.1tHK$68.0b9.7x13x0.8x
Tue, 26 Sep 2023HK$972.0bHK$1.1tHK$66.8b11.7x14.6x0.9x
Thu, 24 Aug 2023HK$962.5bHK$1.1tHK$67.1b10.9x14.3x0.9x
Sat, 22 Jul 2023HK$987.4bHK$1.1tHK$65.5b12.1x15.1x0.9x
Mon, 19 Jun 2023HK$1.0tHK$1.1tHK$66.0b11.4x15.3x0.9x
Wed, 17 May 2023HK$1.1tHK$1.2tHK$67.5b12.1x16x0.9x
Fri, 14 Apr 2023HK$1.2tHK$1.1tHK$66.8b12.5x17.4x1x
Sun, 12 Mar 2023HK$1.1tHK$1.1tHK$66.0b12.5x16.8x1x
Price to Earnings Ratio

16.8x


Total Market Cap: HK$1.1tTotal Earnings: HK$66.0bTotal 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 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 15.7x.
  • 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 7.7% per year over the last three years.
  • Revenues for these companies have grown 3.4% 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-4.00%
Telecom-2.57%
Telecom Services and Carriers-0.83%
Integrated Telecom Services-0.77%
Alternative Carriers-6.21%
Industry PE
  • Investors are most optimistic about the Integrated Telecom Services industry, which is trading close to its 3-year average PE ratio of 15.8x.
    • 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
762 China Unicom (Hong Kong)HK$7.550.4%
+HK$917.9m		-21.4%PE9.5x
1310 HKBNHK$7.444.9%
+HK$517.6m		44.7%PE53.2x
6823 HKT Trust and HKTHK$12.260.2%
+HK$151.6m		21.9%PE17.6x
524 Great Wall Terroir HoldingsHK$0.4532.4%
+HK$21.7m		40.6%PS0.9x

Latest News

788
HK$10.91
China Tower
7D
-2.9%
1Y
-4.3%
524
HK$0.45
Great Wall Terroir Holdings
7D
32.4%
1Y
40.6%
1310
HK$7.44
HKBN
7D
4.9%
1Y
44.7%

1310: Exclusive Distribution Deal And Dividend Will Sustain Risk Of Overvaluation

Analysts have kept their HKBN fair value estimate steady at HK$6.50, with only minor tweaks to inputs such as discount rate, revenue growth, profit margin, and future P/E. They view these as refinements rather than a shift in their overall assessment.
1045
HK$3.19
APT Satellite Holdings
7D
-19.6%
1Y
43.0%
1883
HK$2.61
CITIC Telecom International Holdings
7D
-1.1%
1Y
5.7%
8
HK$5.80
PCCW
7D
-2.7%
1Y
25.5%

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).
728
HK$4.96
China Telecom
7D
-0.6%
1Y
-17.3%

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).
6823
HK$12.26
HKT Trust and HKT
7D
0.2%
1Y
21.9%
762
HK$7.55
China Unicom (Hong Kong)
7D
0.4%
1Y
-21.4%

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).