Abstract: We analyzed the earnings revision of HS TECH index component stocks for June 2026, with the index declining 14% over the month from 4,965 to 4,256. The index's 2026E consensus EPS fell 1.1% month on month to HK$229.2 from HK$231.8, with 11 stocks revised up and 9 revised down. Individual stock EPS revisions contributed an estimated HK$1.03 to the index EPS change, alongside weighting and price yield spread factors. The largest positive contributor to index EPS was MEITUAN (3690 HK), adding HK$3.3 to index EPS despite an 80.5% cut to its own 2026E EPS estimate. The largest detractors were TRIP.COM (9961 HK, index EPS impact -HK$1.1, stock EPS -8.7%), XPENG (9868 HK, index EPS impact -HK$0.70, stock EPS +81.8% on sharply reduced base), LI AUTO (2015 HK, index EPS impact -HK$0.65, stock EPS revised to -HK$0.137 from +HK$0.189), and NTES (9999 HK, index EPS impact -HK$0.61, stock EPS -0.4%). On revenue, LI AUTO saw the steepest consensus cut at -3.84%, followed by TRIP.COM at -2.49%, while BYD Electronic led revenue upgrades at +0.92%.
BYD Electronic, TENCENT, LI AUTO, BILIBILI, NTES, Kuaishou
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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