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Hong Kong (HSI) Telecom Services and Carriers Industry Analysis

UpdatedMay 07, 2026
DataAggregated Company Financials
Companies8
  • 7D-1.0%
  • 3M2.0%
  • 1Y-5.9%
  • YTD-3.9%

In the last week, Telecom Services and Carriers has been flat. As for the longer term, the industry has declined 5.9% in the last year. Earnings are forecast to grow by 8.6% annually.

Industry Valuation and Performance

Has the Hong Kong Telecom Services and Carriers Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 08 May 2026HK$1.2tHK$1.3tHK$80.0b13.4x14.9x0.9x
Sun, 05 Apr 2026HK$1.1tHK$1.3tHK$81.0b14.2x14.1x0.9x
Tue, 03 Mar 2026HK$1.2tHK$1.3tHK$83.2b15.1x14.1x0.9x
Thu, 29 Jan 2026HK$1.2tHK$1.2tHK$81.8b15.8x14.6x1x
Sat, 27 Dec 2025HK$1.2tHK$1.2tHK$80.9b13.2x15.4x1x
Mon, 24 Nov 2025HK$1.3tHK$1.2tHK$79.9b14.2x16.3x1.1x
Wed, 22 Oct 2025HK$1.3tHK$1.2tHK$79.0b13.7x16.3x1.1x
Fri, 19 Sep 2025HK$1.3tHK$1.2tHK$79.1b13.6x16.6x1.1x
Sun, 17 Aug 2025HK$1.4tHK$1.2tHK$77.7b16x17.7x1.1x
Tue, 15 Jul 2025HK$1.4tHK$1.2tHK$77.4b14.1x17.5x1.1x
Thu, 12 Jun 2025HK$1.4tHK$1.2tHK$77.2b14.6x17.9x1.1x
Sat, 10 May 2025HK$1.3tHK$1.2tHK$76.0b14.3x17.7x1.1x
Mon, 07 Apr 2025HK$1.4tHK$1.2tHK$74.6b15.8x18.2x1.2x
Wed, 05 Mar 2025HK$1.3tHK$1.2tHK$74.1b15.2x18x1.2x
Fri, 31 Jan 2025HK$1.2tHK$1.2tHK$74.2b12.7x16.1x1x
Sun, 29 Dec 2024HK$1.2tHK$1.2tHK$73.5b12.9x16.4x1x
Tue, 26 Nov 2024HK$1.1tHK$1.2tHK$74.2b11.6x14.6x0.9x
Thu, 24 Oct 2024HK$1.2tHK$1.2tHK$73.9b10.9x15.6x1x
Sat, 21 Sep 2024HK$1.1tHK$1.2tHK$73.5b10x14.6x0.9x
Mon, 19 Aug 2024HK$1.1tHK$1.2tHK$71.3b10.6x14.8x0.9x
Wed, 17 Jul 2024HK$1.1tHK$1.1tHK$69.4b12.3x16.1x1x
Fri, 14 Jun 2024HK$1.0tHK$1.2tHK$69.6b10.6x14.8x0.9x
Sun, 12 May 2024HK$1.0tHK$1.2tHK$69.9b12.2x15x0.9x
Tue, 09 Apr 2024HK$1.0tHK$1.1tHK$68.5b11.6x14.8x0.9x
Thu, 07 Mar 2024HK$1.0tHK$606.2bHK$35.1b14.2x28.9x1.7x
Sat, 03 Feb 2024HK$984.9bHK$1.2tHK$68.4b11x14.4x0.8x
Mon, 01 Jan 2024HK$930.4bHK$1.2tHK$68.3b9.9x13.6x0.8x
Wed, 29 Nov 2023HK$886.9bHK$1.2tHK$67.7b9.7x13.1x0.8x
Fri, 27 Oct 2023HK$880.4bHK$1.1tHK$68.0b9.8x13x0.8x
Sun, 24 Sep 2023HK$974.9bHK$1.1tHK$66.9b11.7x14.6x0.9x
Tue, 22 Aug 2023HK$943.2bHK$1.1tHK$67.0b11x14.1x0.8x
Thu, 20 Jul 2023HK$990.8bHK$1.1tHK$65.1b11.9x15.2x0.9x
Sat, 17 Jun 2023HK$1.0tHK$1.1tHK$66.1b11.4x15.3x0.9x
Mon, 15 May 2023HK$1.1tHK$1.2tHK$67.6b12.2x16.4x1x
Price to Earnings Ratio

16.4x


Total Market Cap: HK$1.1tTotal Earnings: HK$67.6bTotal Revenue: HK$1.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Hong Kong Telecom Services and Carriers Industry Price to Earnings3Y Average 15.6x202420252026
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 0.97x.
Past Earnings Growth
  • The earnings for companies in the Telecom industry have grown 5.8% 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-0.53%
Telecom-1.73%
Telecom Services and Carriers-0.96%
Alternative Carriers2.09%
Integrated Telecom Services-0.99%
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 8.6%, 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 8.6% 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
728 China TelecomHK$5.424.0%
+HK$19.2b		-3.2%PE13.6x
762 China Unicom (Hong Kong)HK$7.644.4%
+HK$9.8b		-12.9%PE10.3x
8 PCCWHK$6.273.8%
+HK$1.8b		15.0%PS1.2x
1045 APT Satellite HoldingsHK$4.004.2%
+HK$148.6m		102.0%PE26.3x
1883 CITIC Telecom International HoldingsHK$2.821.4%
+HK$148.0m		18.5%PE11.3x

Latest News

728
HK$5.42
China Telecom
7D
4.0%
1Y
-3.2%
Narrative Update • May 07

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

Analysts have trimmed their HK$ fair value estimate for China Telecom from HK$6.33 to HK$6.30, linking the adjustment to updated views on long term revenue growth, profit margins and future P/E assumptions. What's in the News China Telecom reported operating statistics for the first quarter of 2026, with mobile subscribers at 440.55 million (Announcement of operating results).
1883
HK$2.82
CITIC Telecom International Holdings
7D
1.4%
1Y
18.5%
Narrative Update • May 04

1883: Stable Dividend Policy And Modest Payout Growth Will Support Future Returns

Analysts have kept their HK$3.30 fair value for CITIC Telecom International Holdings broadly unchanged, reflecting only minor tweaks to the discount rate and earnings assumptions rather than a shift in conviction on the stock. What's in the News The Board recommended a final dividend of HK$0.13 per share for 2025, subject to shareholder approval at the annual general meeting scheduled for 20 May 2026 (company announcement).
1310
HK$7.29
HKBN
7D
1.3%
1Y
41.6%
Narrative Update • May 03

1310: Fair Value Update Will Weigh Dividend Prospects And Lower Forward P/E

Analysts have raised HKBN's fair value estimate from HK$6.50 to HK$7.30, citing updated assumptions around discount rates, revenue growth, profit margins and future P/E as the key drivers behind the change. What's in the News A board meeting is scheduled for April 24, 2026, to approve the announcement of interim results for the six months ended February 28, 2026 (Key Developments).
524
HK$1.20
Great Wall Terroir Holdings
7D
36.4%
1Y
300.0%
6823
HK$12.61
HKT Trust and HKT
7D
-0.6%
1Y
10.2%
1045
HK$4.00
APT Satellite Holdings
7D
4.2%
1Y
102.0%
8
HK$6.27
PCCW
7D
3.8%
1Y
15.0%
Narrative Update • Apr 27

8: Unchanged Fair Value And Upcoming Governance Vote Will Restrain Future Upside

Analysts have made only a marginal tweak to their PCCW valuation inputs, keeping the HK$5.1 price target unchanged as a slightly lower discount rate and future P/E assumptions offset each other. What's in the News PCCW plans to seek shareholder approval at the annual general meeting on May 21, 2026, for amendments to its Articles of Association and adoption of a new Articles of Association for the company (Key Developments).
762
HK$7.64
China Unicom (Hong Kong)
7D
4.4%
1Y
-12.9%