Automated Systems Holdings (HKG:771) Is Paying Out A Dividend Of HK$0.03
May 29
Hong Kong (HSI) IT Industry Analysis
UpdatedMay 30, 2024
DataAggregated Company Financials
Companies34
- 7D-5.5%
- 3M-0.4%
- 1Y-22.9%
- YTD-10.2%
Over the last 7 days, the IT industry has dropped 5.5%, driven by Chinasoft International declining 6.0%. In contrast, ICO Group has gained 29%. However, the industry is down 23% over the past year. As for the next few years, earnings are expected to grow by 41% per annum.
Industry Valuation and Performance
Has the Hong Kong IT Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 30 May 2024 | HK$47.1b | HK$58.6b | -HK$1,304,804,785.60 | 13.7x | -36.1x | 0.8x |
| Sat, 27 Apr 2024 | HK$44.1b | HK$58.4b | -HK$1,332,028,901.61 | 13.2x | -33.1x | 0.8x |
| Mon, 25 Mar 2024 | HK$44.2b | HK$58.7b | HK$937.5m | 9.6x | 47.2x | 0.8x |
| Wed, 21 Feb 2024 | HK$44.0b | HK$58.5b | HK$1.2b | 10.1x | 36.9x | 0.8x |
| Fri, 19 Jan 2024 | HK$48.5b | HK$59.6b | HK$1.1b | 10.6x | 44.6x | 0.8x |
| Sun, 17 Dec 2023 | HK$55.7b | HK$60.5b | HK$1.1b | 11.9x | 50.2x | 0.9x |
| Tue, 14 Nov 2023 | HK$57.1b | HK$59.3b | HK$1.1b | 11.4x | 50.4x | 1x |
| Thu, 12 Oct 2023 | HK$57.7b | HK$59.2b | HK$1.0b | 11.2x | 54.9x | 1x |
| Sat, 09 Sep 2023 | HK$56.9b | HK$56.9b | HK$901.8m | 11x | 63.1x | 1x |
| Mon, 07 Aug 2023 | HK$56.5b | HK$58.1b | HK$2.0b | 12.1x | 27.7x | 1x |
| Wed, 05 Jul 2023 | HK$52.7b | HK$57.9b | HK$2.0b | 12.1x | 25.9x | 0.9x |
| Fri, 02 Jun 2023 | HK$51.4b | HK$58.4b | HK$2.0b | 10.2x | 25.4x | 0.9x |
| Sun, 30 Apr 2023 | HK$51.8b | HK$57.6b | HK$1.9b | 10.2x | 26.9x | 0.9x |
| Tue, 28 Mar 2023 | HK$56.4b | HK$60.8b | HK$3.0b | 11.7x | 18.9x | 0.9x |
| Thu, 23 Feb 2023 | HK$120.1b | HK$74.6b | HK$4.9b | 11.2x | 24.3x | 1.6x |
| Sat, 21 Jan 2023 | HK$126.8b | HK$75.1b | HK$5.0b | 11.4x | 25.6x | 1.7x |
| Mon, 19 Dec 2022 | HK$118.2b | HK$73.8b | HK$4.9b | 11.2x | 24.3x | 1.6x |
| Wed, 16 Nov 2022 | HK$113.9b | HK$73.2b | HK$4.8b | 11.1x | 23.7x | 1.6x |
| Fri, 14 Oct 2022 | HK$98.6b | HK$73.1b | HK$4.7b | 10.8x | 20.8x | 1.3x |
| Sun, 11 Sep 2022 | HK$111.2b | HK$74.3b | HK$4.8b | 12.6x | 23x | 1.5x |
| Tue, 09 Aug 2022 | HK$117.4b | HK$74.1b | HK$7.5b | 11.5x | 15.6x | 1.6x |
| Thu, 07 Jul 2022 | HK$125.8b | HK$73.8b | HK$7.5b | 11.7x | 16.8x | 1.7x |
| Sat, 04 Jun 2022 | HK$119.9b | HK$74.0b | HK$7.6b | 11.7x | 15.9x | 1.6x |
| Mon, 02 May 2022 | HK$115.7b | HK$74.6b | HK$7.6b | 12.3x | 15.3x | 1.6x |
| Wed, 30 Mar 2022 | HK$116.8b | HK$72.6b | HK$7.3b | 11.8x | 16.1x | 1.6x |
| Fri, 25 Feb 2022 | HK$128.0b | HK$73.6b | HK$8.3b | 12.2x | 15.4x | 1.7x |
| Sun, 23 Jan 2022 | HK$140.0b | HK$73.2b | HK$8.3b | 13.2x | 16.9x | 1.9x |
| Tue, 21 Dec 2021 | HK$135.3b | HK$73.0b | HK$8.3b | 13.2x | 16.4x | 1.9x |
| Thu, 18 Nov 2021 | HK$152.8b | HK$72.4b | HK$8.3b | 12.1x | 18.4x | 2.1x |
| Sat, 16 Oct 2021 | HK$155.6b | HK$71.9b | HK$8.3b | 11.5x | 18.8x | 2.2x |
| Mon, 13 Sep 2021 | HK$156.6b | HK$71.7b | HK$8.2b | 12.4x | 19.1x | 2.2x |
| Wed, 11 Aug 2021 | HK$161.9b | HK$72.1b | HK$8.1b | 11.6x | 19.9x | 2.2x |
| Sun, 06 Jun 2021 | HK$165.1b | HK$69.0b | HK$6.1b | 14.6x | 27.1x | 2.4x |
Price to Earnings Ratio
27.1x
Current Industry PE
- Investors are pessimistic on the Hong Kong IT industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The 3-year average PS ratio of 1.4x is higher than the industry's current PS ratio of 0.81x.
Past Earnings Growth
- Total earnings for the IT industry have declined over the last three years, with the industry now making a loss overall.
- Revenues have also declined 5.3% per year, which is driving profits down.
Industry Trends
Which industries have driven the changes within the Hong Kong Tech industry?
| HK Market | -2.07% | |
| Tech | -3.72% | |
| IT | -5.51% | |
| Data Processing Services | 0.32% | |
| IT Consulting | -5.12% | |
| Internet Services and Infrastructure | -6.67% | |
Industry PE
- Investors are most optimistic about the Data Processing Services industry which is trading above its 3-year average PE ratio of 30.2x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
Forecasted Growth
- Analysts are most optimistic on the IT Consulting industry, expecting annual earnings growth of 60% over the next 5 years.
- This is better than its past earnings decline of 9.1% per year.
- In contrast, the Internet Services and Infrastructure industry is expected to see its earnings grow by 8.8% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 1460 ICO Group | HK$0.23 | 29.1% +HK$46.5m | 6.8% | PE20.4x | |
| 1949 Platt Nera International | HK$0.41 | 18.6% +HK$39.0m | 97.6% | PE149x | |
| 862 Vision Values Holdings | HK$0.037 | 23.3% +HK$27.5m | -58.4% | PS0.3x | |
| 1094 Cherish Sunshine International | HK$0.45 | 11.1% +HK$22.2m | -43.8% | PE7.9x | |
| 1985 Microware Group | HK$1.09 | 5.8% +HK$18.0m | 36.3% | PE11.5x |
