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Hong Kong (HSI) Telecom Services and Carriers Industry Analysis

UpdatedApr 23, 2026
DataAggregated Company Financials
Companies8
  • 7D2.0%
  • 3M-1.2%
  • 1Y-4.8%
  • YTD-5.4%

In the last week, the Telecom Services and Carriers industry is up 2.0%, with China Telecom up 2.7%. In contrast, the industry has lost 4.8% in the last 12 months. Earnings are forecast to grow by 11% 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, 23 Apr 2026HK$1.2tHK$1.3tHK$81.5b13.6x14.6x0.9x
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
Price to Earnings Ratio

16.8x


Total Market Cap: HK$1.1tTotal Earnings: HK$68.0bTotal 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 6.2% per year over the last three years.
  • Revenues for these companies have grown 2.6% 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 Market0.87%
Telecom1.34%
Telecom Services and Carriers2.00%
Alternative Carriers3.96%
Integrated Telecom Services1.98%
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 11.4%, 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 9.3x.
Forecasted Growth
  • Analysts are most optimistic on the Integrated Telecom Services industry, expecting annual earnings growth of 11% 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$5.114.5%
+HK$20.1b		-7.6%PE12.3x
788 China TowerHK$11.212.6%
+HK$4.9b		1.4%PE13.6x
6823 HKT Trust and HKTHK$12.631.0%
+HK$985.7m		16.1%PE18.1x
8 PCCWHK$6.121.5%
+HK$697.0m		21.9%PS1.2x
1045 APT Satellite HoldingsHK$3.827.3%
+HK$241.4m		103.2%PE25.1x

Latest News

1045
HK$3.82
APT Satellite Holdings
7D
7.3%
1Y
103.2%
1883
HK$2.81
CITIC Telecom International Holdings
7D
0.7%
1Y
22.7%

1883: Stable Dividend Policy And Payout Reliability Will Support Future Returns

Narrative update Analysts have modestly adjusted their price target on CITIC Telecom International Holdings to HK$3.30. This reflects relatively stable assumptions around discount rate, revenue growth, profit margin and future P/E that keep fair value broadly unchanged at HK$3.30.
788
HK$11.21
China Tower
7D
2.6%
1Y
1.4%
1310
HK$8.20
HKBN
7D
0.9%
1Y
62.1%

1310: Lower Forward P/E And Interim Dividend Decision Will Sustain Overvaluation Risk

Analysts have trimmed their HKBN price target to HK$14.26 from HK$17.46, reflecting the new assumed forward P/E of 14.26x versus 17.46x, while keeping fair value and key operating assumptions broadly unchanged. What's in the News Board meeting scheduled for Apr 24, 2026 to approve the announcement of interim results for the six months ended Feb 28, 2026, giving you a clear date to watch for fresh financial disclosures (Key Developments).
6823
HK$12.63
HKT Trust and HKT
7D
1.0%
1Y
16.1%

HKT Trust and HKT (HKG:6823) Ticks All The Boxes When It Comes To Earnings Growth

Apr 15
HKT Trust and HKT (HKG:6823) Ticks All The Boxes When It Comes To Earnings Growth
8
HK$6.12
PCCW
7D
1.5%
1Y
21.9%

8: Unchanged Fair Value And Governance Changes Will Limit Future Upside

Analysts kept the fair value estimate for PCCW steady at HK$5.10, with only minor tweaks to the discount rate, revenue growth, profit margin and future P/E assumptions. As a result, the headline price target remains unchanged, while the risk and earnings profile is viewed as slightly refined rather than fundamentally different.
728
HK$5.11
China Telecom
7D
4.5%
1Y
-7.6%

728: Expanded Subscriber Base And Higher P/E Assumptions Will Support Future Upside

Analysts have trimmed their HK$ fair value estimate for China Telecom from about HK$8.82 to about HK$8.44, reflecting updated assumptions for revenue growth, profit margins and a higher future P/E multiple. What's in the News Reported fourth quarter 2025 operating statistics showing 438.65 million mobile subscribers and 201.12 million wireline broadband subscribers, highlighting the scale of the user base (Key Developments).
524
HK$0.55
Great Wall Terroir Holdings
7D
-20.3%
1Y
83.3%