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High-growth tech stocks in Hong Kong to watch

High-growth tech stocks in Hong Kong to watch

As global markets grapple with geopolitical tensions and economic uncertainty, Hong Kong’s technology sector has proven resilient, buoyed by optimism surrounding Beijing’s support measures. In this dynamic environment, identifying high-growth technology stocks requires looking at companies with strong ability to innovate and adapt to changing market conditions.

Top 10 Fastest Growing Tech Companies in Hong Kong

name

Sales growth

Earnings growth

Growth Assessment

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%

★★★★★☆

Akeso

32.41%

54.21%

★★★★★★

Cowell e Holdings

31.68%

35.44%

★★★★★★

Innovent Biologics

22.24%

59.39%

★★★★★☆

Sichuan Kelun-Biotech Biopharmaceutical

24.70%

8.53%

★★★★★☆

Biocytogen Pharmaceuticals (Beijing)

21.53%

109.17%

★★★★★☆

Beijing Airdoc technology

37.47%

93.35%

★★★★★☆

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

Let’s examine some standout options based on the results in the screener.

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Kuaishou Technology is an investment holding company providing live streaming, online marketing and other services in the People’s Republic of China, with a market capitalization of approximately HK$264.17 billion.

Operations: The company generates revenue of CN¥117.32 billion primarily from domestic operations, with a smaller contribution of CN¥3.57 billion from overseas markets.

Kuaishou Technology, a competitor in Hong Kong’s technology space, has demonstrated robust financial and operational growth. In its latest results for the second quarter of 2024, the company reported a significant increase in net profit from CNY 1.48 billion year-on-year to CNY 3.98 billion, with revenue rising to CNY 30.98 billion. This performance is underpinned by an aggressive R&D strategy that has closely aligned spending with revenue growth, reflecting a strong commitment to innovation – particularly in AI through the Kling AI platform upgrades and new subscription models tailored to different user needs are aligned. These strategic moves not only strengthen Kuaishou’s market position, but also increase the sophistication and attractiveness of its product offering, creating a solid foundation for future growth paths in the highly competitive technology landscape.

SEHK:1024 Breakdown of income and expenses as of October 2024

SEHK:1024 Breakdown of income and expenses as of October 2024

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Tencent Holdings Limited is an investment holding company providing value-added services, online advertising, fintech and business services in China and globally with a market capitalization of approximately HK$4.40 trillion.

Operations: The company generates revenue primarily from value-added services (CNY 302.28 billion), fintech and business services (CNY 209.17 billion), and online advertising (CNY 111.89 billion).

Tencent Holdings has demonstrated resilience and strategic foresight amid a dynamic technology landscape in Hong Kong. Recently, the company reported a significant increase in revenue to CNY 161.12 billion for the second quarter of 2024, up from CNY 149.21 billion a year ago, with net profit also rising significantly from CNY 26.17 billion to CNY 47.63 billion. These financial gains are supported by robust investments in research and development, which accounted for a significant portion of sales, and are consistent with an aggressive innovation trajectory, particularly in gaming and cloud services – areas where Tencent is poised to expand its market influence to expand further. Additionally, recent M&A discussions with Ubisoft suggest strategic moves to stabilize and potentially expand its portfolio in the highly competitive gaming industry – a sector that continues to promise high growth potential.

SEHK:700 breakdown of income and expenses as of Oct. 2024SEHK:700 breakdown of income and expenses as of Oct. 2024

SEHK:700 breakdown of income and expenses as of Oct. 2024

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Lenovo Group Limited is an investment holding company that develops, manufactures and markets technology products and services with a market capitalization of HK$143.65 billion.

Operations: The company’s main sources of revenue come from the Intelligent Devices Group (IDG) at $45.76 billion and the Infrastructure Solutions Group (ISG) at $10.17 billion, complemented by the Solutions and Services Group (SSG), which contributed $7.64 billion.

Amid a transformative technology landscape, Lenovo Group stands out for its strategic focus on hybrid cloud solutions and AI-driven services. Recently, the company reported a strong increase in revenue to $15.45 billion for the first quarter of 2025, up from $12.90 billion a year ago, representing an impressive growth of 19.8%. This surge is supported by Lenovo’s innovative Hybrid Cloud Advisory Services, which aim to advance enterprise AI capabilities – a critical driver in today’s technology ecosystem. Additionally, with an R&D expense ratio consistently aligned with industry innovation needs, Lenovo is well positioned to maintain its competitive advantage in developing cutting-edge technologies for global markets.

SEHK:992 profit and sales growth as of Oct. 2024SEHK:992 profit and sales growth as of Oct. 2024

SEHK:992 profit and sales growth as of Oct. 2024

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This article from Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts using only an unbiased methodology and our articles are not intended as financial advice. It does not constitute a recommendation to buy or sell any stock and does not take into account your objectives or financial situation. Our goal is to provide you with long-term focused analysis based on fundamental data. Note that our analysis may not reflect the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies covered in this article include SEHK:1024, SEHK:700 and SEHK:992.

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