High Growth Tech Stocks In Hong Kong October 2024

As geopolitical tensions and economic uncertainties weigh on global markets, the Hong Kong tech sector has shown resilience, with the Hang Seng Index climbing 10.2% amid optimism about China's supportive measures. In this environment, identifying high-growth tech stocks involves looking for companies that demonstrate strong innovation capabilities and adaptability to shifting market dynamics, which are crucial in navigating the current landscape.

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	25.31%	39.04%	★★★★★☆
RemeGen	26.30%	52.19%	★★★★★☆
Innovent Biologics	21.80%	59.60%	★★★★★☆
Akeso	33.30%	53.00%	★★★★★★
Cowell e Holdings	31.68%	35.44%	★★★★★★
Biocytogen Pharmaceuticals (Beijing)	21.53%	109.17%	★★★★★☆
Beijing Airdoc Technology	37.47%	93.35%	★★★★★☆
Sichuan Kelun-Biotech Biopharmaceutical	24.70%	8.53%	★★★★★☆

Click here to see the full list of 43 stocks from our SEHK High Growth Tech and AI Stocks screener.

We'll examine a selection from our screener results.

Innovent Biologics (SEHK:1801)

Simply Wall St Growth Rating: ★★★★★☆

Overview: Innovent Biologics, Inc. is a biopharmaceutical company focused on developing and commercializing monoclonal antibodies and other drug assets for various diseases in China, with a market cap of approximately HK$79.68 billion.

Operations: Innovent Biologics generates revenue primarily from its biotechnology segment, amounting to CN¥7.46 billion. The company focuses on developing and commercializing treatments for oncology, ophthalmology, autoimmune, and cardiovascular and metabolic diseases in China.

Innovent Biologics, a dynamic player in the biotech sector, is making significant strides with its recent strategic collaboration for limertinib's commercialization in China, promising to enhance its market presence. This move aligns with Innovent’s robust R&D focus where it allocated 21.8% of its revenue last year towards research initiatives. Notably, the company is poised for rapid growth with projected annual revenue increases of 21.8% and earnings expected to surge by 59.6%. Such financial commitment to innovation underscores Innovent's potential to capitalize on emerging opportunities within the high-stakes biopharmaceutical landscape in Asia and beyond.

• Click to explore a detailed breakdown of our findings in Innovent Biologics' health report.

• Understand Innovent Biologics' track record by examining our Past report.

BYD Electronic (International) (SEHK:285)

Simply Wall St Growth Rating: ★★★★☆☆

Overview: BYD Electronic (International) Company Limited is an investment holding company focused on designing, manufacturing, assembling, and selling mobile handset components and modules both in China and globally, with a market capitalization of approximately HK$69.85 billion.

Operations: The company generates revenue primarily from the manufacture, assembly, and sale of mobile handset components and modules, amounting to CN¥152.36 billion. The business focuses on serving both domestic and international markets within the mobile handset industry.

BYD Electronic (International) has demonstrated resilience in a competitive market, with its half-year sales soaring to CNY 78.58 billion, up from CNY 56.18 billion the previous year, underscoring a robust growth trajectory. This surge aligns with an earnings forecast predicting a significant annual increase of 24.9%. The firm's commitment to innovation is evident as it consistently channels substantial funds into R&D, maintaining a strategic focus that promises to propel future growth amidst evolving tech landscapes. Moreover, the company's recent presentation at the Macquarie Asia TMT Conference highlights its proactive engagement with industry stakeholders and investors, further solidifying its stance in high-growth tech sectors within Hong Kong and beyond.

• Get an in-depth perspective on BYD Electronic (International)'s performance by reading our health report here.

• Gain insights into BYD Electronic (International)'s historical performance by reviewing our past performance report.

FIT Hon Teng (SEHK:6088)

Simply Wall St Growth Rating: ★★★★☆☆

Overview: FIT Hon Teng Limited is a company that manufactures and sells mobile and wireless devices and connectors globally, with a market capitalization of approximately HK$20.90 billion.

Operations: The company generates revenue primarily from consumer products and intermediate products, with the latter contributing significantly more at $3.94 billion compared to $690.95 million for consumer products.

FIT Hon Teng has showcased promising growth with its half-year sales reaching USD 2.07 billion, marking a significant rise from USD 1.78 billion in the previous period, reflecting an upward trajectory in revenue. This performance is complemented by a turnaround to a net income of USD 32.52 million from a prior net loss, indicating robust operational improvements and effective cost management strategies. The company's commitment to innovation is underscored by its R&D spending, which remains crucial as it navigates the competitive tech landscape in Hong Kong and beyond. With earnings forecasted to grow at 32.2% annually, FIT Hon Teng is positioning itself strongly within high-growth sectors while adapting swiftly to market demands and opportunities for expansion in dynamic tech environments.

• Dive into the specifics of FIT Hon Teng here with our thorough health report.

• Learn about FIT Hon Teng's historical performance.

Taking Advantage

• Click this link to deep-dive into the 43 companies within our SEHK High Growth Tech and AI Stocks screener.
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Seeking Other Investments?

• 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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