Abstract: We analyzed the 2026E earnings revisions of HS TECH index component stocks for May 2026. The index consensus EPS fell 2.6% month-on-month to HK$235.8 from HK$242.1, with 16 stocks revised down against 11 revised up, while the HS TECH index itself rose 0.74% over the period from 4,871 to 4,908. Individual stock EPS revisions contributed -HK$6.35 to the index EPS in aggregate. MEITUAN (HK$-2.55), Kuaishou (HK$-1.73), XIAOMI (HK$-1.38), and LI AUTO (HK$-1.01) were the largest drags on index EPS, while JD.COM contributed the most positively at +HK$1.70. Among individual stock EPS revisions, NIO saw the sharpest consensus cut at -38.1% month-on-month and LI AUTO fell -27.5%, while JD.COM gained +5.4% and BIDU rose +4.8%.
HORIZON ROBOTICS, NTES, MEITUAN, NIO, JD.COM, LI AUTO
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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