Abstract: We analyzed the August 2026 consensus earnings revisions for HS TECH index component stocks, finding that the index's 2026E EPS fell -5.0% month-on-month to HK$215.5 (from HK$226.7 in July), with individual stock EPS revisions attributing -HK$10.5 to the index EPS change. The HS TECH index itself declined -4.6% over the month, from 4,829 to 4,605, with 13 stocks revised up and 11 revised down. The largest negative drag on index EPS came from Kuaishou (1024 HK, ΔIndex EPS -HK$6.2), followed by BIDU (9888 HK, -HK$2.3) and XIAOMI (1810 HK, -HK$1.9), while SMIC (981 HK, +HK$1.6) provided the largest positive offset. At the stock level, Kuaishou saw the steepest EPS cut at -34.3% month-on-month, while SMIC and LI AUTO posted the strongest upward revisions at +31.4% and +225% respectively; on revenue, MINIMAX led increases at +26.6% while XIAOMI saw the sharpest cut at -5.74%.
JD HEALTH, MINIMAX, Kuaishou, SENSETIME, TME, XPENG
Interested in the full report? Get in touch with our team.