High Growth Tech Stocks in Hong Kong October 2024

In This Article:

As global markets experience fluctuations, with U.S. indices reaching record highs and Chinese equities facing declines amid stimulus concerns, the Hong Kong market has been navigating its own set of challenges and opportunities. In this dynamic environment, identifying high-growth tech stocks requires a keen understanding of innovation potential and resilience to economic shifts.

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

33.44%

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're going to check out a few of the best picks from our screener tool.

Plover Bay Technologies

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Plover Bay Technologies Limited is an investment holding company that designs, develops, and markets software-defined wide area network routers, with a market capitalization of HK$5.34 billion.

Operations: The company's revenue streams include sales of SD-WAN routers with fixed and mobile first connectivity, generating $15.19 million and $59.87 million respectively, alongside software licenses and warranty support services contributing $31.86 million.

Plover Bay Technologies, a Hong Kong-based tech firm, is demonstrating robust growth with its revenue projected to increase by 16.9% annually, outpacing the local market's 7.3% growth rate. This upward trajectory is complemented by an impressive forecast for earnings growth at 17.3% per year, significantly higher than the Hong Kong market average of 12.1%. The company's recent strategic board appointment and a hike in interim dividends signal strong governance and shareholder confidence. These factors collectively underscore Plover Bay’s potential in leveraging technological advancements to sustain its competitive edge in the communications sector.

SEHK:1523 Earnings and Revenue Growth as at Oct 2024
SEHK:1523 Earnings and Revenue Growth as at Oct 2024

Wasion Holdings

Simply Wall St Growth Rating: ★★★★★☆

Overview: Wasion Holdings Limited is an investment holding company that focuses on the research, development, production, and sale of energy metering and energy efficiency management solutions across various regions including the People’s Republic of China, Africa, the United States, Europe, and other parts of Asia; it has a market capitalization of approximately HK$6.15 billion.