High Growth Tech Stocks to Watch in Hong Kong September 2024
Reviewed by Simply Wall St
As global markets face economic uncertainties, the Hang Seng Index in Hong Kong has mirrored broader sentiments with notable fluctuations. Despite these challenges, identifying high-growth tech stocks remains crucial for investors seeking opportunities in a volatile market environment.
Top 10 High Growth Tech Companies In Hong Kong
| Name | Revenue Growth | Earnings Growth | Growth Rating |
|---|---|---|---|
| Wasion Holdings | 22.37% | 25.47% | ★★★★★☆ |
| MedSci Healthcare Holdings | 48.74% | 48.78% | ★★★★★☆ |
| Inspur Digital Enterprise Technology | 25.37% | 39.10% | ★★★★★☆ |
| Cowell e Holdings | 31.82% | 35.43% | ★★★★★★ |
| Akeso | 32.52% | 55.08% | ★★★★★★ |
| Innovent Biologics | 21.45% | 59.82% | ★★★★★☆ |
| RemeGen | 26.30% | 52.19% | ★★★★★☆ |
| Sichuan Kelun-Biotech Biopharmaceutical | 25.22% | 9.81% | ★★★★★☆ |
| Biocytogen Pharmaceuticals (Beijing) | 21.53% | 109.17% | ★★★★★☆ |
| Beijing Airdoc Technology | 37.47% | 93.35% | ★★★★★☆ |
Click here to see the full list of 45 stocks from our SEHK High Growth Tech and AI Stocks screener.
We're going to check out a few of the best picks from our screener tool.
Innovent Biologics (SEHK:1801)
Simply Wall St Growth Rating: ★★★★★☆
Overview: Innovent Biologics, Inc. is a biopharmaceutical company that develops and commercializes monoclonal antibodies and other drug assets for oncology, ophthalmology, autoimmune, cardiovascular, and metabolic diseases in China with a market cap of HK$70.30 billion.
Operations: The company generates revenue primarily from its biotechnology segment, amounting to CN¥7.46 billion. It focuses on developing and commercializing monoclonal antibodies and other drug assets for various diseases in China.
Innovent Biologics' revenue is forecasted to grow at 21.4% annually, outpacing the Hong Kong market's 7.3% growth rate. Despite a net loss of ¥392.62M for H1 2024, R&D expenses remain substantial, reflecting their commitment to innovation with notable products like Dupert® for NSCLC treatment and IBI3016 for hypertension in collaboration with Sanegene Bio USA Inc. Earnings are expected to surge by 59.8% per year over the next three years, indicating robust future prospects driven by their expanding product portfolio and strategic partnerships in AI-driven drug discovery platforms.
- Take a closer look at Innovent Biologics' potential here in our health report.
Understand Innovent Biologics' track record by examining our Past report.
Vobile Group (SEHK:3738)
Simply Wall St Growth Rating: ★★★★★☆
Overview: Vobile Group Limited is an investment holding company that offers software as a service for digital content assets protection and transaction across the United States, Japan, Mainland China, and internationally, with a market cap of HK$3.44 billion.
Operations: Vobile Group Limited generates revenue primarily from its SaaS offerings, amounting to HK$2.18 billion. The company operates in the United States, Japan, Mainland China, and internationally.
Vobile Group's H1 2024 earnings reveal a significant growth trajectory, with sales rising to HKD 1.18 billion from HKD 1 billion last year and net income increasing to HKD 41.47 million from HKD 29.16 million. Forecasted annual revenue growth of 21.6% and earnings expansion at an impressive rate of 69.6% per year underscore its robust potential in the tech sector, despite a lower profit margin of 0.2%. Notably, R&D expenses reflect substantial investment in innovation, crucial for sustaining competitive advantage in software solutions.
- Get an in-depth perspective on Vobile Group's performance by reading our health report here.
Gain insights into Vobile Group's historical performance by reviewing our past performance report.
Sichuan Kelun-Biotech Biopharmaceutical (SEHK:6990)
Simply Wall St Growth Rating: ★★★★★☆
Overview: Sichuan Kelun-Biotech Biopharmaceutical Co., Ltd. is a biopharmaceutical company focused on the research, development, manufacturing, and commercialization of novel drugs to address unmet medical needs in China and internationally, with a market cap of HK$37.79 billion.
Operations: Kelun-Biotech generates revenue primarily from its pharmaceuticals segment, amounting to CN¥1.88 billion. The company focuses on novel drug development and commercialization both domestically and internationally.
Sichuan Kelun-Biotech Biopharmaceutical's recent earnings report highlights a robust revenue growth of 32.2% to CNY 1.38 billion, coupled with a significant turnaround in net income from a loss of CNY 31.13 million to a profit of CNY 310.23 million. The company’s R&D expenditures, which accounted for approximately 9.8% of its revenue, underscore its commitment to innovation and long-term growth potential in the biopharmaceutical sector. Notably, the acceptance and priority review status for their new drug application sac-TMT by China’s NMPA could further bolster their market position and future prospects in treating advanced lung cancer and other conditions.
Key Takeaways
- Take a closer look at our SEHK High Growth Tech and AI Stocks list of 45 companies by clicking here.
- Hold shares in these firms? Setup your portfolio in Simply Wall St to seamlessly track your investments and receive personalized updates on your portfolio's performance.
- Simply Wall St is a revolutionary app designed for long-term stock investors, it's free and covers every market in the world.
Interested In Other Possibilities?
- Explore high-performing small cap companies that haven't yet garnered significant analyst attention.
- Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management.
- Find companies with promising cash flow potential yet trading below their fair value.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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About SEHK:3738
Vobile Group
An investment holding company, provides software as a service for digital content assets protection and transaction in the United States, Japan, Mainland China, and internationally.
High growth potential with mediocre balance sheet.
