There's Reason For Concern Over Hengxin Technology Ltd.'s (HKG:1085) Massive 27% Price Jump
May 27
Hong Kong (HSI) Communications Equipment Industry Analysis
UpdatedMay 30, 2024
DataAggregated Company Financials
Companies20
- 7D-0.4%
- 3M13.3%
- 1Y20.2%
- YTDn/a
The Communications Equipment is pretty flat in the last 7 days, but BYD Electronic (International) has stood out, gaining 5.6%. The past year has been better, since the industry has gained 20% in that time. Looking forward, earnings are forecast to grow by 14% annually.
Industry Valuation and Performance
Has the Hong Kong Communications Equipment Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 30 May 2024 | HK$113.7b | HK$187.1b | HK$7.2b | 13.8x | 15.8x | 0.6x |
| Sat, 27 Apr 2024 | HK$91.5b | HK$189.0b | HK$7.4b | 12.8x | 12.4x | 0.5x |
| Mon, 25 Mar 2024 | HK$106.7b | HK$178.7b | HK$5.1b | 11.6x | 21x | 0.6x |
| Wed, 21 Feb 2024 | HK$99.1b | HK$179.9b | HK$5.1b | 9.3x | 19.3x | 0.6x |
| Fri, 19 Jan 2024 | HK$102.9b | HK$180.6b | HK$5.1b | 9.2x | 20.2x | 0.6x |
| Sun, 17 Dec 2023 | HK$110.9b | HK$181.8b | HK$5.1b | 10x | 21.7x | 0.6x |
| Tue, 14 Nov 2023 | HK$120.2b | HK$178.4b | HK$4.9b | 10x | 24.4x | 0.7x |
| Thu, 12 Oct 2023 | HK$127.1b | HK$179.2b | HK$5.0b | 10.9x | 25.3x | 0.7x |
| Sat, 09 Sep 2023 | HK$123.8b | HK$178.8b | HK$5.0b | 11.4x | 24.7x | 0.7x |
| Mon, 07 Aug 2023 | HK$111.2b | HK$167.5b | HK$3.6b | 13.6x | 30.5x | 0.7x |
| Wed, 05 Jul 2023 | HK$101.8b | HK$166.9b | HK$3.6b | 16.8x | 28.1x | 0.6x |
| Fri, 02 Jun 2023 | HK$95.3b | HK$169.2b | HK$3.6b | 12.8x | 26.5x | 0.6x |
| Sun, 30 Apr 2023 | HK$99.5b | HK$174.9b | HK$3.9b | 14.2x | 25.4x | 0.6x |
| Tue, 28 Mar 2023 | HK$100.7b | HK$154.9b | HK$3.6b | 12.1x | 28.2x | 0.7x |
| Thu, 23 Feb 2023 | HK$103.0b | HK$153.8b | HK$2.7b | 11.6x | 38.6x | 0.7x |
| Sat, 21 Jan 2023 | HK$108.4b | HK$155.5b | HK$2.7b | 11.4x | 40.1x | 0.7x |
| Mon, 19 Dec 2022 | HK$106.1b | HK$151.2b | HK$2.6b | 11.5x | 40.6x | 0.7x |
| Wed, 16 Nov 2022 | HK$101.7b | HK$150.5b | HK$2.6b | 11.7x | 39.1x | 0.7x |
| Fri, 14 Oct 2022 | HK$87.3b | HK$147.0b | HK$2.2b | 12.6x | 39x | 0.6x |
| Sun, 11 Sep 2022 | HK$107.7b | HK$151.2b | HK$2.3b | 16x | 46.2x | 0.7x |
| Tue, 09 Aug 2022 | HK$98.5b | HK$152.9b | HK$3.7b | 11.2x | 26.4x | 0.6x |
| Thu, 07 Jul 2022 | HK$102.1b | HK$153.6b | HK$3.7b | 11.3x | 27.3x | 0.7x |
| Sat, 04 Jun 2022 | HK$87.8b | HK$154.7b | HK$3.8b | 11.2x | 23x | 0.6x |
| Mon, 02 May 2022 | HK$81.1b | HK$154.5b | HK$3.9b | 13.2x | 20.7x | 0.5x |
| Wed, 30 Mar 2022 | HK$86.2b | HK$155.5b | HK$7.1b | 13.1x | 12.1x | 0.6x |
| Fri, 25 Feb 2022 | HK$104.0b | HK$155.0b | HK$7.4b | 15.4x | 14.1x | 0.7x |
| Sun, 23 Jan 2022 | HK$113.4b | HK$154.1b | HK$7.3b | 16.9x | 15.5x | 0.7x |
| Tue, 21 Dec 2021 | HK$115.3b | HK$153.7b | HK$7.3b | 16.4x | 15.8x | 0.8x |
| Thu, 18 Nov 2021 | HK$125.1b | HK$153.0b | HK$7.3b | 17.1x | 17.2x | 0.8x |
| Sat, 16 Oct 2021 | HK$115.6b | HK$151.6b | HK$7.7b | 13.2x | 15x | 0.8x |
| Mon, 13 Sep 2021 | HK$137.3b | HK$151.1b | HK$7.7b | 14.3x | 17.9x | 0.9x |
| Wed, 11 Aug 2021 | HK$148.2b | HK$160.2b | HK$7.3b | 14.5x | 20.4x | 0.9x |
| Sun, 06 Jun 2021 | HK$170.4b | HK$150.5b | HK$7.5b | 13x | 22.7x | 1.1x |
Price to Earnings Ratio
22.7x
Current Industry PE
- Investors are pessimistic on the Hong Kong Communications Equipment 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 15.8x which is lower than its 3-year average PE of 24.6x.
- The industry is trading close to its 3-year average PS ratio of 0.68x.
Past Earnings Growth
- The earnings for companies in the Communications Equipment industry have remained mostly flat over the last three years.
- Meanwhile revenues for these companies have grown 7.5% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased and as a result, profits have held steady.
Industry Comparison
How does Hong Kong Communications Equipment compare with similar industries?
| HK Market | -2.07% | |
| Tech | -3.72% | |
| Communications | -0.38% | |
| Communications Equipment | -0.38% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 285 BYD Electronic (International) | HK$34.75 | 5.6% +HK$4.2b | 50.1% | PE18x | |
| 261 GBA Holdings | HK$0.24 | 99.2% +HK$118.4m | 61.2% | PS3x | |
| 2000 SIM Technology Group | HK$0.34 | 7.9% +HK$53.6m | 33.3% | PE2.1x | |
| 303 Vtech Holdings | HK$55.55 | 0.4% +HK$50.5m | 17.6% | PE10.8x | |
| 1085 Hengxin Technology | HK$1.60 | 4.6% +HK$32.6m | -26.6% | PE9.9x |
