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Hong Kong (HSI) Telecom Services and Carriers Industry Analysis

UpdatedJun 30, 2026
DataAggregated Company Financials
Companies8
  • 7D-3.0%
  • 3M-10.1%
  • 1Y-20.7%
  • YTD-18.3%

Over the last 7 days, the Telecom Services and Carriers industry has dropped 4.9%, driven by a pullback from China Unicom (Hong Kong) of 6.2%. Overall the industry is down 21% in 12 months. As for the next few years, earnings are expected to grow by 8.6% 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
Tue, 30 Jun 2026HK$1.0tHK$1.3tHK$80.2b11x12.9x0.8x
Thu, 28 May 2026HK$1.2tHK$1.3tHK$80.3b13.2x14.7x0.9x
Sat, 25 Apr 2026HK$1.2tHK$1.3tHK$79.7b13.5x14.8x0.9x
Mon, 23 Mar 2026HK$1.2tHK$1.3tHK$82.4b14.6x14.2x0.9x
Wed, 18 Feb 2026HK$1.1tHK$1.3tHK$82.5b15.1x13.9x0.9x
Fri, 16 Jan 2026HK$1.2tHK$1.2tHK$81.6b15.9x14.7x1x
Sun, 14 Dec 2025HK$1.3tHK$1.2tHK$80.5b13.6x16x1x
Tue, 11 Nov 2025HK$1.3tHK$1.2tHK$79.7b14.3x16.7x1.1x
Thu, 09 Oct 2025HK$1.3tHK$1.2tHK$79.0b12.9x15.9x1x
Sat, 06 Sep 2025HK$1.3tHK$1.2tHK$79.0b13.9x16.8x1.1x
Mon, 04 Aug 2025HK$1.4tHK$1.2tHK$77.0b15.5x17.6x1.1x
Wed, 02 Jul 2025HK$1.4tHK$1.2tHK$77.4b14x17.6x1.1x
Fri, 30 May 2025HK$1.4tHK$1.2tHK$77.1b15.1x18.2x1.2x
Sun, 27 Apr 2025HK$1.3tHK$1.2tHK$75.4b14x17.4x1.1x
Tue, 25 Mar 2025HK$1.3tHK$1.2tHK$74.5b15.3x17.5x1.1x
Thu, 20 Feb 2025HK$1.4tHK$1.2tHK$73.8b14.7x18.7x1.2x
Sat, 18 Jan 2025HK$1.2tHK$1.2tHK$73.4b12.5x16.1x1x
Mon, 16 Dec 2024HK$1.1tHK$1.2tHK$73.8b12.4x15.5x1x
Wed, 13 Nov 2024HK$1.1tHK$1.2tHK$74.3b11.1x14.6x0.9x
Fri, 11 Oct 2024HK$1.2tHK$1.2tHK$73.1b10.8x15.9x1x
Sun, 08 Sep 2024HK$1.1tHK$1.2tHK$73.2b10.2x14.7x0.9x
Tue, 06 Aug 2024HK$1.1tHK$1.2tHK$70.5b10.9x15x0.9x
Thu, 04 Jul 2024HK$1.1tHK$1.1tHK$69.4b12x16x1x
Sat, 01 Jun 2024HK$1.0tHK$1.2tHK$69.7b10.9x14.8x0.9x
Mon, 29 Apr 2024HK$1.0tHK$1.2tHK$69.8b12x14.9x0.9x
Wed, 27 Mar 2024HK$1.0tHK$1.1tHK$68.6b11.4x14.6x0.9x
Fri, 23 Feb 2024HK$1.1tHK$1.2tHK$67.6b12.2x15.6x0.9x
Sun, 21 Jan 2024HK$906.7bHK$1.2tHK$68.0b10.6x13.3x0.8x
Tue, 19 Dec 2023HK$896.2bHK$1.2tHK$67.9b9.6x13.2x0.8x
Thu, 16 Nov 2023HK$892.1bHK$1.1tHK$67.0b9.8x13.3x0.8x
Sat, 14 Oct 2023HK$957.5bHK$1.1tHK$66.9b11.1x14.3x0.9x
Mon, 11 Sep 2023HK$950.1bHK$1.1tHK$66.7b10.9x14.2x0.8x
Wed, 09 Aug 2023HK$979.0bHK$1.1tHK$65.2b11.7x15x0.9x
Fri, 07 Jul 2023HK$970.3bHK$1.1tHK$64.9b11.4x14.9x0.9x
Price to Earnings Ratio

14.9x


Total Market Cap: HK$970.3bTotal Earnings: HK$64.9bTotal Revenue: HK$1.1tTotal Market Cap vs Earnings and Revenue0%0%0%
Hong Kong Telecom Services and Carriers Industry Price to Earnings3Y Average 15.5x202420252026
Current Industry PE
  • Investors are pessimistic on the Hong Kong Telecom industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 12.9x which is lower than its 3-year average PE of 15.5x.
  • 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 7.2% per year over the last three years.
  • Revenues for these companies have grown 4.3% 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-3.71%
Telecom-2.53%
Telecom Services and Carriers-2.96%
Alternative Carriers-2.80%
Integrated Telecom Services-2.97%
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 15.6x.
    • 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 9.5x.
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
6823 HKT Trust and HKTHK$11.660.5%
+HK$454.9m		-0.5%PE16.7x
524 Great Wall Terroir HoldingsHK$1.998.2%
+HK$35.4m		503.0%PS4.4x

Latest News

728
HK$4.27
China Telecom
7D
-1.8%
1Y
-23.5%
8
HK$5.33
PCCW
7D
-0.9%
1Y
0%
Narrative Update • Jun 24

8: Updated Governance And Stable Earnings Assumptions Will Support A Fairly Valued Outlook

Analysts have maintained their PCCW fair value estimate at HK$5.80. A slightly lower discount rate and a small adjustment to the future P/E assumption together support the current price target level.
6823
HK$11.66
HKT Trust and HKT
7D
0.5%
1Y
-0.5%
Narrative Update • Jun 24

6823: Stable P E And Final Distribution Will Support Attractive Outlook

Analysts have kept their HK$13.70 price target for HKT Trust and HKT unchanged, citing broadly consistent assumptions for the discount rate, revenue growth, profit margin and future P/E in their refreshed valuation work. What’s in the News for HKT Trust and HKT At the AGM held on May 21, 2026, HKT Trust and HKT declared a final distribution of HK$0.4797 per Share Stapled Unit in respect of the year ended December 31, 2025, according to company disclosures.
1310
HK$5.86
HKBN
7D
-0.3%
1Y
17.9%
Narrative Update • Jun 24

1310: Year-End Alignment And Interim Dividend Will Support Bullish Case

Analysts have kept their HKBN fair value estimate steady at HK$7.30, but a slightly lower discount rate and a marginally reduced future P/E assumption have led to a modest trim in their overall price target narrative for the stock. What’s in the News for HKBN HKBN changed its financial year end from 31 August to 31 December with immediate effect, aligning the company’s reporting calendar with controlling shareholder China Mobile Hong Kong Company Limited and the wider China Mobile group.
1883
HK$2.47
CITIC Telecom International Holdings
7D
-2.0%
1Y
2.9%
Narrative Update • Jun 23

1883: Stable Dividend Policy And Rising Payouts Will Support Future Returns

Analysts have maintained their fair value estimate for CITIC Telecom International Holdings at HK$3.30, with a slight shift in discount rate and future P/E assumptions supporting a modestly revised price target narrative without changing the headline valuation figure. What's in the News No recent company specific news for CITIC Telecom International Holdings is available from the provided sources.
788
HK$8.81
China Tower
7D
-5.0%
1Y
-21.5%
Narrative Update • Jun 16

788: Higher Margins And Dividend Policy Will Support Bullish Outlook

Analysts have trimmed their fair value estimate for China Tower from about HK$12.11 to around HK$11.46, reflecting updated assumptions for slower revenue growth, higher profit margins, and a lower future P/E multiple. What’s in the News for China Tower China Tower has called a special and extraordinary shareholders meeting for June 16, 2026, in Beijing to consider appointing Yin Wenkai as an executive director, authorizing a director to sign his service contract, setting his remuneration, and addressing other related matters.
1045
HK$2.19
APT Satellite Holdings
7D
-8.0%
1Y
4.8%
762
HK$6.11
China Unicom (Hong Kong)
7D
-8.8%
1Y
-34.3%
524
HK$1.99
Great Wall Terroir Holdings
7D
8.2%
1Y
503.0%