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Hong Kong (HSI) Telecom Services and Carriers Industry Analysis

UpdatedDec 18, 2025
DataAggregated Company Financials
Companies8
  • 7D-2.5%
  • 3M-3.7%
  • 1Y14.1%
  • YTD15.2%

Over the last 7 days, the Telecom Services and Carriers industry has dropped 3.1%, driven by a pullback from China Telecom of 2.8%. In the past year, the industry has gained 16%. As for the next few years, earnings are expected to grow by 12% 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, 18 Dec 2025HK$1.3tHK$1.2tHK$80.6b13.2x15.8x1x
Sat, 15 Nov 2025HK$1.3tHK$1.2tHK$79.9b14x16.5x1.1x
Mon, 13 Oct 2025HK$1.3tHK$1.2tHK$78.8b13.6x16.3x1.1x
Wed, 10 Sep 2025HK$1.3tHK$1.2tHK$79.0b13.9x16.8x1.1x
Fri, 08 Aug 2025HK$1.4tHK$1.2tHK$77.6b15x17.5x1.1x
Sun, 06 Jul 2025HK$1.4tHK$1.2tHK$77.4b13.9x17.7x1.1x
Tue, 03 Jun 2025HK$1.4tHK$1.2tHK$77.0b15x18.1x1.2x
Thu, 01 May 2025HK$1.3tHK$1.2tHK$75.6b13.8x17.5x1.1x
Sat, 29 Mar 2025HK$1.3tHK$1.2tHK$74.8b15.1x17.5x1.1x
Mon, 24 Feb 2025HK$1.5tHK$1.2tHK$74.1b15.1x20x1.3x
Wed, 22 Jan 2025HK$1.2tHK$1.2tHK$73.8b12.4x15.7x1x
Fri, 20 Dec 2024HK$1.2tHK$1.2tHK$73.6b12.9x16.3x1x
Sun, 17 Nov 2024HK$1.1tHK$1.2tHK$74.4b11.6x15.2x1x
Tue, 15 Oct 2024HK$1.1tHK$1.2tHK$73.1b10.8x15.5x1x
Thu, 12 Sep 2024HK$1.1tHK$1.2tHK$72.9b9.8x14.4x0.9x
Sat, 10 Aug 2024HK$1.0tHK$1.2tHK$70.5b10.4x14.5x0.9x
Mon, 08 Jul 2024HK$1.1tHK$1.1tHK$69.5b11.9x15.9x1x
Wed, 05 Jun 2024HK$1.0tHK$1.2tHK$69.7b10.9x14.8x0.9x
Fri, 03 May 2024HK$1.0tHK$1.2tHK$69.7b11.6x14.6x0.9x
Sun, 31 Mar 2024HK$1.0tHK$1.1tHK$68.6b11.6x14.8x0.9x
Tue, 27 Feb 2024HK$1.0tHK$1.1tHK$67.6b11.9x15.1x0.9x
Thu, 25 Jan 2024HK$926.5bHK$1.2tHK$68.6b10.6x13.5x0.8x
Sat, 23 Dec 2023HK$888.2bHK$1.2tHK$68.1b9.5x13x0.8x
Mon, 20 Nov 2023HK$870.9bHK$1.1tHK$67.2b9.7x13x0.8x
Wed, 18 Oct 2023HK$957.3bHK$1.1tHK$66.9b11.1x14.3x0.9x
Fri, 15 Sep 2023HK$994.1bHK$1.1tHK$67.1b11.4x14.8x0.9x
Sun, 13 Aug 2023HK$986.4bHK$1.1tHK$67.3b11.4x14.7x0.9x
Tue, 11 Jul 2023HK$964.9bHK$1.1tHK$65.1b11.4x14.8x0.9x
Thu, 08 Jun 2023HK$1.0tHK$1.1tHK$66.2b11.5x15.6x0.9x
Sat, 06 May 2023HK$1.1tHK$1.2tHK$68.0b12.4x16.8x1x
Mon, 03 Apr 2023HK$1.1tHK$1.1tHK$66.9b12.1x16.3x1x
Wed, 01 Mar 2023HK$1.0tHK$1.1tHK$65.8b11.6x15.5x0.9x
Fri, 27 Jan 2023HK$943.1bHK$1.1tHK$68.4b11.9x13.8x0.8x
Sun, 25 Dec 2022HK$831.2bHK$1.1tHK$66.5b10.9x12.5x0.7x
Price to Earnings Ratio

12.5x


Total Market Cap: HK$831.2bTotal Earnings: HK$66.5bTotal Revenue: HK$1.1tTotal Market Cap vs Earnings and Revenue0%0%0%
Hong Kong Telecom Services and Carriers Industry Price to Earnings3Y Average 15.7x202320242025
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 15.6x.
  • The industry is trading close to its 3-year average PS ratio of 0.96x.
Past Earnings Growth
  • The earnings for companies in the Telecom industry have grown 6.6% 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-1.05%
Telecom-0.49%
Telecom Services and Carriers-2.50%
Alternative Carriers-0.65%
Integrated Telecom Services-2.52%
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 11.7%, 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 9.0x.
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
1310 HKBNHK$6.670.6%
+HK$59.2m		30.8%PE47.7x
524 Great Wall Terroir HoldingsHK$0.303.4%
+HK$2.0m		0%PS0.6x

Latest News

788
HK$11.87
China Tower
7D
-2.8%
1Y
6.0%

Here's Why We Think China Tower (HKG:788) Might Deserve Your Attention Today

Dec 17
Here's Why We Think China Tower (HKG:788) Might Deserve Your Attention Today
1310
HK$6.67
HKBN
7D
0.6%
1Y
30.8%

1310: Dividend Outlook Will Support Stable Earnings Profile Amid Modest Risk Shift

Analysts have trimmed their price target on HKBN slightly, to HK$6.50 from HK$6.50. This reflects a marginally higher perceived risk profile driven by a modest increase in the discount rate, even as revenue growth, profit margins and valuation multiples remain effectively unchanged.
728
HK$5.48
China Telecom
7D
-2.8%
1Y
13.0%

Slowing Rates Of Return At China Telecom (HKG:728) Leave Little Room For Excitement

Dec 16
Slowing Rates Of Return At China Telecom (HKG:728) Leave Little Room For Excitement
762
HK$8.42
China Unicom (Hong Kong)
7D
-2.5%
1Y
18.1%

762: Expanding Connectivity Base Will Support Future Share Price Upside

Analysts have nudged their price target for China Unicom Hong Kong slightly higher to about $11.56 from roughly $11.52, citing marginally stronger expectations for revenue growth and profit margins, despite an unchanged discount rate and a modestly lower projected future P/E multiple. What's in the News Chief Executive Mr. Chen Zhongyue resigned effective 29 October 2025, citing a change in work arrangement, with the Board noting his role in driving reforms, innovation, and high quality development during his tenure (company announcement).
6823
HK$11.70
HKT Trust and HKT
7D
-0.3%
1Y
22.1%

HKT Trust and HKT (HKG:6823) Takes On Some Risk With Its Use Of Debt

Oct 22
HKT Trust and HKT (HKG:6823) Takes On Some Risk With Its Use Of Debt
8
HK$5.85
PCCW
7D
-1.5%
1Y
34.5%

Is There An Opportunity With PCCW Limited's (HKG:8) 24% Undervaluation?

Sep 28
Is There An Opportunity With PCCW Limited's (HKG:8) 24% Undervaluation?
524
HK$0.30
Great Wall Terroir Holdings
7D
3.4%
1Y
0%
1883
HK$2.54
CITIC Telecom International Holdings
7D
-0.8%
1Y
11.4%

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