Exploring High Growth Tech Stocks In Hong Kong This October 2024

In This Article:

The Hong Kong market has been buoyed by recent stimulus measures from China, leading to a surge in the Hang Seng Index and renewed optimism among investors. In this favorable environment, identifying high-growth tech stocks becomes crucial, as these companies are often well-positioned to capitalize on economic upturns and technological advancements.

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%

★★★★★☆

Cowell e Holdings

31.82%

35.43%

★★★★★★

RemeGen

26.30%

52.19%

★★★★★☆

Akeso

32.58%

54.53%

★★★★★★

Innovent Biologics

22.24%

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's a peek at a few of the choices from the screener.

Kuaishou Technology

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Kuaishou Technology, an investment holding company with a market cap of HK$236.57 billion, offers live streaming, online marketing, and other services in the People's Republic of China.

Operations: Kuaishou Technology generates revenue primarily from domestic operations (CN¥117.32 billion) and a smaller portion from overseas markets (CN¥3.57 billion). The company focuses on live streaming and online marketing services in the People's Republic of China.

Kuaishou Technology has demonstrated robust growth with a notable 9.0% increase in revenue year-over-year, reaching CNY 30.98 billion in Q2 2024, showcasing its resilience and adaptability in the competitive tech landscape of Hong Kong. The company's commitment to innovation is evident from its R&D investments, which have strategically fueled advancements such as the Kling AI video generation model. This focus on R&D not only enhances Kuaishou's product offerings but also solidifies its position in the market by aligning with evolving consumer demands and technological trends. Moreover, with an impressive surge in net income to CNY 3.98 billion from CNY 1.48 billion a year prior and an earnings forecast growth of 18.7% per annum, Kuaishou is setting a strong foothold for future expansion while outpacing average market growth rates.