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
A monthly review of consensus earnings revisions for HS TECH constituents. Each issue estimates how the index's forward EPS changed over the month, and tabulates the stocks with the largest impact on index EPS alongside their EPS and revenue revisions. All issues of Index Earnings Revision Monthly →
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