PCCW Limited (HKG:8) Shares Could Be 41% Below Their Intrinsic Value Estimate
Jun 02
Have your own idea? Try our Stock Screener
Hong Kong (HSI) Telecom Services and Carriers Industry Analysis
UpdatedJun 09, 2025
DataAggregated Company Financials
Companies8
- 7D-2.5%
- 3M-1.9%
- 1Y31.6%
- YTD19.2%
Over the last 7 days, the Telecom Services and Carriers industry has dropped 2.5%, driven by a pullback from China Telecom of 3.7%. In the past year, the industry has gained 32%. 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?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 09 Jun 2025 | HK$1.4t | HK$1.2t | HK$77.1b | 14.5x | 18x | 1.1x |
| Wed, 07 May 2025 | HK$1.3t | HK$1.2t | HK$76.0b | 13.9x | 17.6x | 1.1x |
| Fri, 04 Apr 2025 | HK$1.4t | HK$1.2t | HK$74.6b | 15.8x | 18.2x | 1.2x |
| Sun, 02 Mar 2025 | HK$1.3t | HK$1.2t | HK$74.0b | 14.9x | 18x | 1.2x |
| Tue, 28 Jan 2025 | HK$1.2t | HK$1.2t | HK$74.2b | 12.8x | 16.2x | 1x |
| Thu, 26 Dec 2024 | HK$1.2t | HK$1.2t | HK$73.5b | 12.9x | 16.3x | 1x |
| Sat, 23 Nov 2024 | HK$1.1t | HK$1.2t | HK$74.2b | 11.6x | 14.8x | 0.9x |
| Mon, 21 Oct 2024 | HK$1.1t | HK$1.2t | HK$73.2b | 11x | 15.6x | 1x |
| Wed, 18 Sep 2024 | HK$1.1t | HK$1.2t | HK$73.1b | 10x | 14.4x | 0.9x |
| Fri, 16 Aug 2024 | HK$1.0t | HK$1.2t | HK$70.6b | 10.6x | 14.8x | 0.9x |
| Sun, 14 Jul 2024 | HK$1.1t | HK$1.2t | HK$69.6b | 12.2x | 16x | 1x |
| Tue, 11 Jun 2024 | HK$1.0t | HK$1.2t | HK$69.6b | 10.6x | 14.9x | 0.9x |
| Thu, 09 May 2024 | HK$1.0t | HK$1.2t | HK$69.9b | 11.8x | 14.6x | 0.9x |
| Sat, 06 Apr 2024 | HK$1.0t | HK$1.1t | HK$68.5b | 11.4x | 14.7x | 0.9x |
| Mon, 04 Mar 2024 | HK$1.0t | HK$1.2t | HK$67.6b | 11.6x | 15.1x | 0.9x |
| Wed, 31 Jan 2024 | HK$989.6b | HK$1.2t | HK$68.4b | 11.1x | 14.5x | 0.9x |
| Fri, 29 Dec 2023 | HK$917.7b | HK$1.2t | HK$68.3b | 9.7x | 13.4x | 0.8x |
| Sun, 26 Nov 2023 | HK$896.0b | HK$1.2t | HK$67.7b | 9.9x | 13.2x | 0.8x |
| Tue, 24 Oct 2023 | HK$923.2b | HK$1.1t | HK$67.9b | 10.5x | 13.6x | 0.8x |
| Thu, 21 Sep 2023 | HK$965.7b | HK$1.1t | HK$66.9b | 11.6x | 14.4x | 0.9x |
| Sat, 19 Aug 2023 | HK$942.5b | HK$1.1t | HK$66.9b | 11.1x | 14.1x | 0.8x |
| Mon, 17 Jul 2023 | HK$999.8b | HK$1.1t | HK$65.8b | 11.6x | 15.2x | 0.9x |
| Wed, 14 Jun 2023 | HK$1.0t | HK$1.1t | HK$65.9b | 11.8x | 15.7x | 0.9x |
| Fri, 12 May 2023 | HK$1.1t | HK$1.2t | HK$67.7b | 12.5x | 16.7x | 1x |
| Sun, 09 Apr 2023 | HK$1.2t | HK$1.1t | HK$66.9b | 12.7x | 17.4x | 1x |
| Tue, 07 Mar 2023 | HK$1.1t | HK$1.1t | HK$66.2b | 12.8x | 16.9x | 1x |
| Thu, 02 Feb 2023 | HK$973.6b | HK$1.2t | HK$68.9b | 12.2x | 14.1x | 0.8x |
| Sat, 31 Dec 2022 | HK$820.5b | HK$1.1t | HK$67.1b | 10.5x | 12.2x | 0.7x |
| Mon, 28 Nov 2022 | HK$787.8b | HK$1.1t | HK$65.0b | 10.8x | 12.1x | 0.7x |
| Wed, 26 Oct 2022 | HK$705.4b | HK$1.1t | HK$63.5b | 11.3x | 11.1x | 0.7x |
| Fri, 23 Sep 2022 | HK$765.6b | HK$1.1t | HK$64.0b | 12.4x | 12x | 0.7x |
| Sun, 21 Aug 2022 | HK$816.7b | HK$1.1t | HK$65.8b | 13.3x | 12.4x | 0.7x |
| Tue, 19 Jul 2022 | HK$800.4b | HK$1.1t | HK$65.3b | 13.2x | 12.3x | 0.7x |
| Thu, 16 Jun 2022 | HK$799.5b | HK$1.1t | HK$65.4b | 12.9x | 12.2x | 0.7x |
Price to Earnings Ratio
12.2x
Current Industry PE
- Investors are optimistic on the Hong Kong Telecom industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 18.0x which is higher than its 3-year average PE of 14.8x.
- The 3-year average PS ratio of 0.89x is lower than the industry's current PS ratio of 1.1x.
Past Earnings Growth
- The earnings for companies in the Telecom industry have grown 5.7% per year over the last three years.
- Revenues for these companies have grown 2.7% 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 | 2.26% | |
| Telecom | 1.97% | |
| Telecom Services and Carriers | -2.53% | |
| Alternative Carriers | 2.53% | |
| Integrated Telecom Services | -2.57% | |
Industry PE
- Investors are most optimistic about the Integrated Telecom Services industry which is trading above its 3-year average PE ratio of 14.9x.
- Analysts are expecting annual earnings growth of 10.9%, which is higher than its past year's earnings growth of 8.1% per year.
- Investors are most pessimistic about the Alternative Carriers industry, which is trading close to its 3-year average of 8.7x.
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 8.1% per year.
- In contrast, the Alternative Carriers industry is expected to see its earnings grow by 7.3% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 762 China Unicom (Hong Kong) | HK$9.56 | 2.0% +HK$5.8b | 53.0% | PE12.8x | |
| 6823 HKT Trust and HKT | HK$11.42 | 1.1% +HK$909.5m | 30.2% | PE17.1x | |
| 1883 CITIC Telecom International Holdings | HK$2.32 | 3.1% +HK$259.1m | -10.8% | PE9.4x | |
| 1045 APT Satellite Holdings | HK$1.99 | 4.2% +HK$74.3m | -10.8% | PE9x | |
| 1310 HKBN | HK$4.97 | 0.4% +HK$29.6m | 97.2% | PE63.2x |
