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Hong Kong (HSI) Telecom Services and Carriers Industry Analysis

UpdatedJan 22, 2026
DataAggregated Company Financials
Companies8
  • 7D-3.1%
  • 3M-8.7%
  • 1Y7.6%
  • YTD-4.8%

Over the last 7 days, the Telecom Services and Carriers industry has dropped 3.1%, driven by declines from every company within the industry. Over the past 12 months, the industry was up 7.6%. Looking forward, 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
Thu, 22 Jan 2026HK$1.2tHK$1.2tHK$81.6b15.8x14.2x0.9x
Sat, 20 Dec 2025HK$1.3tHK$1.2tHK$80.6b13.4x15.9x1x
Mon, 17 Nov 2025HK$1.3tHK$1.2tHK$79.9b14x16.5x1.1x
Wed, 15 Oct 2025HK$1.3tHK$1.2tHK$78.7b13.7x16.3x1.1x
Fri, 12 Sep 2025HK$1.4tHK$1.2tHK$79.0b14.3x17.2x1.1x
Sun, 10 Aug 2025HK$1.4tHK$1.2tHK$77.5b15.2x17.8x1.1x
Tue, 08 Jul 2025HK$1.4tHK$1.2tHK$77.3b13.9x17.6x1.1x
Thu, 05 Jun 2025HK$1.4tHK$1.2tHK$77.1b14.4x17.8x1.1x
Sat, 03 May 2025HK$1.3tHK$1.2tHK$75.5b13.8x17.5x1.1x
Mon, 31 Mar 2025HK$1.3tHK$1.2tHK$74.8b15.1x17.5x1.1x
Wed, 26 Feb 2025HK$1.4tHK$1.2tHK$74.1b14.6x19x1.2x
Fri, 24 Jan 2025HK$1.2tHK$1.2tHK$73.8b12.5x15.9x1x
Sun, 22 Dec 2024HK$1.2tHK$1.2tHK$73.6b12.8x16.1x1x
Tue, 19 Nov 2024HK$1.1tHK$1.2tHK$74.4b11.7x15.2x1x
Thu, 17 Oct 2024HK$1.1tHK$1.2tHK$72.7b11x15.6x1x
Sat, 14 Sep 2024HK$1.0tHK$1.2tHK$73.1b9.9x14.3x0.9x
Mon, 12 Aug 2024HK$1.0tHK$1.2tHK$70.6b10.4x14.5x0.9x
Wed, 10 Jul 2024HK$1.1tHK$1.1tHK$69.4b12.1x16x1x
Fri, 07 Jun 2024HK$1.0tHK$1.2tHK$69.6b10.5x14.7x0.9x
Sun, 05 May 2024HK$1.0tHK$1.2tHK$69.7b11.5x14.6x0.9x
Tue, 02 Apr 2024HK$1.0tHK$1.1tHK$68.5b11.6x14.8x0.9x
Thu, 29 Feb 2024HK$1.0tHK$1.1tHK$67.6b11.9x14.9x0.9x
Sat, 27 Jan 2024HK$973.8bHK$1.2tHK$68.0b11.1x14.3x0.8x
Mon, 25 Dec 2023HK$889.1bHK$1.2tHK$68.0b9.5x13.1x0.8x
Wed, 22 Nov 2023HK$883.0bHK$1.2tHK$67.8b9.8x13x0.8x
Fri, 20 Oct 2023HK$949.7bHK$1.1tHK$66.8b10.9x14.2x0.8x
Sun, 17 Sep 2023HK$990.2bHK$1.1tHK$67.1b11.5x14.7x0.9x
Tue, 15 Aug 2023HK$996.5bHK$1.1tHK$67.1b11.4x14.9x0.9x
Thu, 13 Jul 2023HK$943.4bHK$1.1tHK$65.5b11.1x14.4x0.8x
Sat, 10 Jun 2023HK$1.1tHK$1.1tHK$66.1b11.9x16.3x0.9x
Mon, 08 May 2023HK$1.1tHK$1.2tHK$68.1b12.4x16.8x1x
Wed, 05 Apr 2023HK$1.2tHK$1.1tHK$66.8b12.7x17.4x1x
Fri, 03 Mar 2023HK$1.1tHK$1.1tHK$66.1b12.5x16.5x1x
Sun, 29 Jan 2023HK$943.9bHK$1.1tHK$68.4b12.1x13.8x0.8x
Price to Earnings Ratio

13.8x


Total Market Cap: HK$943.9bTotal Earnings: HK$68.4bTotal Revenue: HK$1.1tTotal Market Cap vs Earnings and Revenue0%0%0%
Hong Kong Telecom Services and Carriers Industry Price to Earnings3Y Average 15.7x202420252026
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 6.0% per year over the last three years.
  • Revenues for these companies have grown 2.8% 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-0.80%
Telecom-4.10%
Telecom Services and Carriers-3.12%
Integrated Telecom Services-3.06%
Alternative Carriers-8.50%
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 15.9x.
    • Analysts are expecting annual earnings growth of 11.9%, which is higher than its past year's earnings growth of 5.2% 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 9.1x.
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 5.2% 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
8 PCCWHK$5.520.9%
+HK$387.2m		20.8%PS1.1x

Latest News

1310
HK$6.66
HKBN
7D
-1.3%
1Y
27.1%

1310: Future Dividends And New Distribution Agreement Will Support Balanced Risk Profile

Analysts have maintained their HKBN fair value estimate at HK$6.50, citing only minor adjustments to assumptions for discount rate, revenue growth and profit margins as the main reasons for keeping their price target essentially unchanged. What's in the News Board meeting held on 7 January 2026 to consider and approve a Distribution Framework Agreement and other matters.
6823
HK$11.46
HKT Trust and HKT
7D
-1.4%
1Y
19.6%

Earnings Not Telling The Story For HKT Trust and HKT Limited (HKG:6823)

Jan 18
Earnings Not Telling The Story For HKT Trust and HKT Limited (HKG:6823)
762
HK$7.62
China Unicom (Hong Kong)
7D
-2.6%
1Y
8.4%
1045
HK$4.16
APT Satellite Holdings
7D
-0.5%
1Y
93.5%
728
HK$5.17
China Telecom
7D
-2.1%
1Y
8.2%

728: Governance Overhaul And Expanding Subscriber Base Will Support Upside Outlook

Analysts have trimmed their price target for China Telecom to US$6.00 from about US$6.09, citing updated assumptions that combine slightly higher expected revenue growth with modestly lower profit margins and a somewhat reduced future P/E multiple. What's in the News China Telecom approved amendments to its Articles of Association and the abolition of its Supervisory Committee, signaling a planned change to its governance structure.
8
HK$5.52
PCCW
7D
0.9%
1Y
20.8%

A Look At The Fair Value Of PCCW Limited (HKG:8)

Jan 08
A Look At The Fair Value Of PCCW Limited (HKG:8)
788
HK$11.46
China Tower
7D
-0.3%
1Y
1.4%

788: Battery Recycling Partnership Will Drive Long Term Carbon Neutrality Opportunity

Analysts have lowered their price target on China Tower to about $14.12 from roughly $16.17, citing updated assumptions that reflect a slightly higher discount rate, more conservative revenue growth and profit margin forecasts, and a modestly higher future P/E multiple. What's in the News China Tower entered a cooperation agreement with China Carbon Neutral Development Group and China Renewable Resources Development Group to build a nationwide lithium battery recycling and circular economy ecosystem aligned with China's "carbon peaking and carbon neutrality" goals (Key Developments).
1883
HK$2.51
CITIC Telecom International Holdings
7D
-0.4%
1Y
14.6%

CITIC Telecom International Holdings (HKG:1883) Has Affirmed Its Dividend Of HK$0.06

Aug 20
CITIC Telecom International Holdings (HKG:1883) Has Affirmed Its Dividend Of HK$0.06