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Hong Kong (HSI) Telecom Services and Carriers Industry Analysis

UpdatedJun 08, 2026
DataAggregated Company Financials
Companies8
  • 7D-2.6%
  • 3M-2.8%
  • 1Y-12.5%
  • YTD-8.3%

Over the last 7 days, the Telecom Services and Carriers industry has dropped 2.6%, driven by a pullback from China Telecom of 5.7%. In contrast, Great Wall Terroir Holdings has gained 26%. The industry has fallen 12% in the last year. As for the next few years, earnings are expected to grow by 8.3% 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
Mon, 08 Jun 2026HK$1.2tHK$1.3tHK$80.5b12.4x14.6x0.9x
Wed, 06 May 2026HK$1.2tHK$1.3tHK$79.8b13.5x15x0.9x
Fri, 03 Apr 2026HK$1.1tHK$1.3tHK$80.9b14.2x14.1x0.9x
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
Price to Earnings Ratio

15.4x


Total Market Cap: HK$1.0tTotal Earnings: HK$65.8bTotal 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 6.9% 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 Market-0.88%
Telecom1.65%
Telecom Services and Carriers-2.65%
Alternative Carriers-1.42%
Integrated Telecom Services-2.66%
Industry PE
  • Investors are most optimistic about the Integrated Telecom Services industry, which is trading close to its 3-year average PE ratio of 15.7x.
    • Analysts are expecting annual earnings growth of 8.4%, 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 9.4x.
Forecasted Growth
  • Analysts are most optimistic on the Integrated Telecom Services industry, expecting annual earnings growth of 8.4% 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
524 Great Wall Terroir HoldingsHK$2.4525.6%
+HK$118.1m		590.1%PS5.5x
1883 CITIC Telecom International HoldingsHK$2.751.1%
+HK$111.0m		18.5%PE11.1x

Latest News

1883
HK$2.75
CITIC Telecom International Holdings
7D
1.1%
1Y
18.5%
Narrative Update • Jun 06

1883: Stable Dividend Policy And Rising Payouts Will Support Future Returns

Analysts have maintained their HK$3.30 fair value estimate for CITIC Telecom International Holdings. A slightly higher discount rate and a marginally adjusted future P/E support the updated price target narrative.
8
HK$5.83
PCCW
7D
-0.3%
1Y
12.3%
Narrative Update • Jun 06

8: Revised Governance Rules And Earnings Assumptions Will Shape Fairly Valued Outlook

Analysts have adjusted their HK$ fair value estimate for PCCW from HK$5.10 to HK$5.80, reflecting updated views on discount rates, revenue growth, profit margins and future P/E assumptions. What's in the News PCCW has scheduled its annual general meeting for May 21, 2026, giving you a key date to watch for shareholder decisions.
6823
HK$11.93
HKT Trust and HKT
7D
-2.5%
1Y
4.5%
Narrative Update • Jun 05

6823: Stable P E And Final Distribution Will Underpin Attractive Outlook

Analysts have kept their HK$13.70 price target for HKT Trust and HKT unchanged, citing stable assumptions for fair value, revenue, profit margins and future P/E, along with a modest adjustment to the discount rate. What's in the News HKT Trust and HKT Limited confirmed at the AGM held on May 21, 2026, a final distribution of HK$0.4797 per Share Stapled Unit for the year ended December 31, 2025, after allowable operating expenses under the Trust Deed.
1310
HK$6.32
HKBN
7D
-4.7%
1Y
27.2%
Narrative Update • Jun 04

1310: Interim Dividend Decision Will Support Bullish Case Despite Higher Discount Rate

Analysts are maintaining HKBN's fair value estimate at HK$7.30, with only modest adjustments to underlying assumptions, including a slightly higher discount rate and a small change to the forward P/E applied in their price target analysis. What's in the News HKBN has scheduled a board meeting for Apr 24, 2026, to approve the announcement of interim results for the six months ended Feb 28, 2026.
788
HK$9.74
China Tower
7D
-2.8%
1Y
-16.0%
Narrative Update • Jun 02

788: Dividend Outlook And Lower Discount Rate Will Support Future Upside Potential

Analysts have trimmed their HK$ price target on China Tower, reflecting slightly lower assumptions for fair value, revenue growth and profit margins. This is partly offset by a higher future P/E multiple and a modestly reduced discount rate.
1045
HK$2.92
APT Satellite Holdings
7D
-10.7%
1Y
46.7%
728
HK$4.94
China Telecom
7D
-5.7%
1Y
-14.5%
Narrative Update • May 28

728: Upcoming Dividend And Board Decisions Will Support Future Rerating Potential

Analysts have now set their fair value estimate for China Telecom at HK$6.31, up slightly from the previous estimate of HK$6.30. This change reflects updated assumptions around the discount rate, profit margin, revenue growth and future P/E that remain broadly consistent with prior expectations.
762
HK$7.30
China Unicom (Hong Kong)
7D
-5.8%
1Y
-23.6%
524
HK$2.45
Great Wall Terroir Holdings
7D
25.6%
1Y
590.1%