High Growth Tech Stocks in Hong Kong to Watch This September 2024

As global markets experience a rebound driven by strong performances in technology stocks, the Hong Kong market remains a focal point for investors eyeing high-growth opportunities. With the Hang Seng Index showing resilience amid broader economic challenges, identifying promising tech stocks becomes crucial for capitalizing on this momentum. In this context, it is essential to look for companies with robust innovation pipelines and solid financial health to navigate the current market dynamics effectively.

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%	★★★★★★
RemeGen	26.30%	52.19%	★★★★★☆
Akeso	33.07%	54.67%	★★★★★★
Innovent Biologics	22.35%	59.39%	★★★★★☆
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 45 stocks from our SEHK High Growth Tech and AI Stocks screener.

Here we highlight a subset of our preferred stocks from the screener.

Kingboard Laminates Holdings (SEHK:1888)

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Kingboard Laminates Holdings Limited, an investment holding company with a market cap of HK$18.38 billion, manufactures and sells laminates in the People's Republic of China, Europe, other Asian countries, and the United States.

Operations: The company primarily generates revenue from its laminates segment, which accounts for HK$17.06 billion, with additional income from properties (HK$121.11 million) and investments (HK$99.14 million).

Kingboard Laminates Holdings reported a substantial rise in net income to HKD 727.8 million for the first half of 2024, up from HKD 422.24 million a year ago, reflecting a robust demand surge and effective vertical integration. The company's R&D expenses have been pivotal; with an investment of HKD 1.2 billion annually, this commitment is driving innovation and operational efficiencies. Their earnings are projected to grow at an impressive rate of 33.3% per year, outpacing the broader Hong Kong market's forecasted growth of 11.7%.

• Click here and access our complete health analysis report to understand the dynamics of Kingboard Laminates Holdings.

• Gain insights into Kingboard Laminates Holdings' historical performance by reviewing our past performance report.

FIT Hon Teng (SEHK:6088)

Simply Wall St Growth Rating: ★★★★☆☆

Overview: FIT Hon Teng Limited manufactures and sells mobile and wireless devices and connectors in Taiwan and internationally, with a market cap of approximately HK$13.11 billion.

Operations: FIT Hon Teng Limited generates revenue primarily from two segments: Consumer Products ($690.95 million) and Intermediate Products ($3.94 billion). The company operates in Taiwan and internationally, focusing on the manufacturing and sale of mobile and wireless devices as well as connectors.

FIT Hon Teng's recent performance showcases a dramatic turnaround, with net income reaching $32.52 million for the first half of 2024, up from a net loss of $8.95 million the previous year. This improvement stems from enhanced management effectiveness and recovering demand in computing and networking markets. The company's earnings are projected to grow at an impressive 32.2% annually, outpacing both industry (11.7%) and market forecasts (18.4%). Notably, R&D expenses have been substantial; investing $1 billion annually has fueled innovation and operational efficiencies across its segments.

• Take a closer look at FIT Hon Teng's potential here in our health report.

• Review our historical performance report to gain insights into FIT Hon Teng's's past performance.

Tencent Holdings (SEHK:700)

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Tencent Holdings Limited, an investment holding company, provides value-added services (VAS), online advertising, fintech, and business services in China and globally with a market cap of HK$3.50 trillion.

Operations: Tencent Holdings generates revenue primarily from value-added services (VAS), online advertising, and fintech and business services, with VAS contributing CN¥302.28 billion and fintech and business services adding CN¥209.17 billion. Online advertising also plays a significant role with revenues of CN¥111.89 billion.

Tencent Holdings has shown robust performance with revenue reaching ¥161.12 billion in Q2 2024, up from ¥149.21 billion a year ago, and net income soaring to ¥47.63 billion from ¥26.17 billion in the same period. The company repurchased shares recently, signaling confidence in its growth trajectory. Notably, Tencent's R&D expenses were significant at 8.2% of revenue, fueling innovation across segments like cloud services and AI applications which are pivotal for future growth prospects in the tech industry.

• Dive into the specifics of Tencent Holdings here with our thorough health report.

• Explore historical data to track Tencent Holdings' performance over time in our Past section.

Next Steps

• Get an in-depth perspective on all 45 SEHK High Growth Tech and AI Stocks by using our screener here.
• Invested in any of these stocks? Simplify your portfolio management with Simply Wall St and stay ahead with our alerts for any critical updates on your stocks.
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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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