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Hong Kong (HSI) Telecom Services and Carriers Industry Analysis

UpdatedMar 21, 2026
DataAggregated Company Financials
Companies8
  • 7D-2.2%
  • 3M-7.8%
  • 1Y-8.7%
  • YTD-5.7%

The Telecom Services and Carriers industry has been flat over the last week, but China Unicom (Hong Kong) has lost 6.4%. As for the longer term, the industry has declined 7.7% in the last year. 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
Sat, 21 Mar 2026HK$1.2tHK$1.3tHK$82.5b14.6x14.2x0.9x
Mon, 16 Feb 2026HK$1.1tHK$1.3tHK$82.6b15.1x13.8x0.9x
Wed, 14 Jan 2026HK$1.2tHK$1.2tHK$81.5b15.9x15x1x
Fri, 12 Dec 2025HK$1.3tHK$1.2tHK$80.4b13.5x16x1.1x
Sun, 09 Nov 2025HK$1.3tHK$1.2tHK$79.7b14.2x16.5x1.1x
Tue, 07 Oct 2025HK$1.3tHK$1.2tHK$79.0b13x16x1x
Thu, 04 Sep 2025HK$1.4tHK$1.2tHK$78.9b14x17.1x1.1x
Sat, 02 Aug 2025HK$1.4tHK$1.2tHK$77.0b15.5x17.7x1.1x
Mon, 30 Jun 2025HK$1.4tHK$1.2tHK$77.3b14.1x17.6x1.1x
Wed, 28 May 2025HK$1.4tHK$1.2tHK$77.0b15x18.2x1.2x
Fri, 25 Apr 2025HK$1.3tHK$1.2tHK$75.0b14.4x17.6x1.1x
Sun, 23 Mar 2025HK$1.3tHK$1.2tHK$74.5b15.3x17.5x1.1x
Tue, 18 Feb 2025HK$1.4tHK$1.2tHK$74.0b14.7x18.5x1.2x
Thu, 16 Jan 2025HK$1.2tHK$1.2tHK$73.4b12.3x15.9x1x
Sat, 14 Dec 2024HK$1.1tHK$1.2tHK$73.8b12.4x15.5x1x
Mon, 11 Nov 2024HK$1.1tHK$1.2tHK$74.7b11.3x14.9x0.9x
Wed, 09 Oct 2024HK$1.2tHK$1.2tHK$73.3b10.7x15.8x1x
Fri, 06 Sep 2024HK$1.1tHK$1.2tHK$73.1b10.2x14.7x0.9x
Sun, 04 Aug 2024HK$1.1tHK$1.2tHK$70.4b11.2x15.2x0.9x
Tue, 02 Jul 2024HK$1.1tHK$1.1tHK$69.4b11.7x15.6x0.9x
Thu, 30 May 2024HK$1.0tHK$1.2tHK$69.6b10.8x14.8x0.9x
Sat, 27 Apr 2024HK$1.0tHK$1.2tHK$69.8b12x14.9x0.9x
Mon, 25 Mar 2024HK$995.4bHK$1.1tHK$68.5b11.3x14.5x0.9x
Wed, 21 Feb 2024HK$1.0tHK$1.1tHK$67.5b11.8x15.2x0.9x
Fri, 19 Jan 2024HK$907.3bHK$1.1tHK$67.6b10.6x13.4x0.8x
Sun, 17 Dec 2023HK$905.0bHK$1.2tHK$68.1b9.7x13.3x0.8x
Tue, 14 Nov 2023HK$885.1bHK$1.1tHK$66.6b9.6x13.3x0.8x
Thu, 12 Oct 2023HK$947.1bHK$1.1tHK$66.9b11.2x14.2x0.8x
Sat, 09 Sep 2023HK$951.0bHK$1.1tHK$66.7b10.9x14.3x0.8x
Mon, 07 Aug 2023HK$991.1bHK$1.1tHK$65.6b11.6x15.1x0.9x
Wed, 05 Jul 2023HK$975.8bHK$1.1tHK$65.3b11.4x14.9x0.9x
Fri, 02 Jun 2023HK$1.0tHK$1.1tHK$66.2b11.5x15.7x0.9x
Sun, 30 Apr 2023HK$1.1tHK$1.2tHK$68.0b12.4x16.8x1x
Tue, 28 Mar 2023HK$1.1tHK$1.1tHK$66.8b11.6x16.3x1x
Price to Earnings Ratio

16.3x


Total Market Cap: HK$1.1tTotal Earnings: HK$66.8bTotal Revenue: HK$1.1tTotal Market Cap vs Earnings and Revenue0%0%0%
Hong Kong Telecom Services and Carriers Industry Price to Earnings3Y Average 15.7x202420252026
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 7.6% per year over the last three years.
  • Revenues for these companies have grown 3.3% 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%
Telecom-4.94%
Telecom Services and Carriers-2.20%
Alternative Carriers0.57%
Integrated Telecom Services-2.23%
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 12.1%, 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 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 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
1310 HKBNHK$7.691.7%
+HK$192.3m		48.7%PE55x
1883 CITIC Telecom International HoldingsHK$2.741.1%
+HK$111.0m		20.7%PE11x
524 Great Wall Terroir HoldingsHK$0.461.1%
+HK$984.6k		55.9%PS1x

Latest News

1045
HK$3.17
APT Satellite Holdings
7D
-1.2%
1Y
66.8%
762
HK$7.29
China Unicom (Hong Kong)
7D
-6.4%
1Y
-18.5%
788
HK$11.08
China Tower
7D
-3.5%
1Y
1.5%
1310
HK$7.69
HKBN
7D
1.7%
1Y
48.7%

1310: Distribution Agreement Will Sustain Risk Of Persistent Share Overvaluation

Analysts have kept their HKBN price target effectively unchanged at about HK$6.50, reflecting only slight tweaks to assumptions such as discount rate and future P/E, rather than any shift in their overall view of the shares. 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, with the term running from the agreement date to 31 December 2028.
1883
HK$2.74
CITIC Telecom International Holdings
7D
1.1%
1Y
20.7%

1883: Dividend Policy Will Support Future Shareholder Returns

Analysts have raised their price target on CITIC Telecom International Holdings from HK$3.10 to HK$3.30, citing updated assumptions that include revised discount rates, revenue growth, profit margin, and forward P/E inputs. What's in the News The board recommended a final dividend of HK$0.13 per share for 2025, bringing total dividends for the year to HK$0.19 per share.
524
HK$0.46
Great Wall Terroir Holdings
7D
1.1%
1Y
55.9%
8
HK$5.95
PCCW
7D
-1.2%
1Y
29.1%

8: Stable Assumptions And Rich P/E Will Limit Future Upside

Analysts have maintained their HK$ fair value estimate for PCCW, making only minor adjustments to the discount rate, revenue growth, profit margin, and future P/E assumptions. These changes refine their overall price target view rather than alter it.
728
HK$5.07
China Telecom
7D
-0.4%
1Y
-13.9%

728: Governance Reforms Will Support Future Oversight Confidence And Rerating Potential

Analysts have reduced their fair value estimate for China Telecom from about HK$7.10 to around HK$6.94, reflecting slight adjustments to assumptions on revenue growth, profit margins and future P/E expectations in their models. What's in the News Shareholders approved amendments to China Telecom Corporation Limited's Articles of Association, updating the company's core governance document (Key Developments).
6823
HK$12.16
HKT Trust and HKT
7D
-1.6%
1Y
18.8%