Business Valuation by Industry
Providing business valuation services requires a considerable level of expertise and places a responsibility on valuation professionals to effectively communicate the process and outcomes of the valuation in a transparent and accurate manner. Different industries have unique characteristics, growth prospects, and risk factors. Having in-depth knowledge of an industry allows a business valuator to assess how well a particular company is positioned within its sector. This understanding helps in assessing the company’s competitive advantage.
Industry knowledge is integral to the business valuation process because it enables valuers to make informed judgments about a company’s future cash flows, risks, and growth potential. Without this knowledge, the valuation may be less accurate and less useful for making important business decisions.
Special Research Report: Goodwill, Intangibles and PPE Impairment of HKEx Listed Healthcare Companies
Between FY2021 and FY2025, Hong Kong-listed healthcare companies wrote down about RMB28.8bn of goodwill, intangibles and PPE. That figure comes from a census of all 281 issuers, with every year checked against the filings. Mid-caps booked half of it and small caps more than a third. In a typical year, a fifth to a third of issuers recognised a charge. Drug pricing, COVID-19 products and pipeline failures drove FY2022–FY2024. In FY2025, goodwill on hospitals, clinics, fertility and aesthetics businesses took over. No modified audit opinion stated goodwill, intangible or PPE impairment as its basis.
Valtech Completes Valuation for a Printing Group
Valtech’s Business Valuation team recently completed an engagement involving the valuation of a printing group in connection with a connected-party disposal. The printing group operates in Australia and is a major player in the Australian book-printing sector.
Valtech Special Report: Impairment among Hong Kong-listed mining companies (FY2019 to 1H2026)
Policy shocks, not prices, drive mining write-downs | Valtech Valuation reviewed 78 Hong Kong-listed mining companies. The 14 RMB-reporting majors alone wrote off at least RMB61bn of long-lived assets in FY2019–FY2025, and five groups booked 83% of it. The largest charges came from water-protection zones, nature reserves, land-use plans, capacity-replacement policy and licence actions, not from commodity price falls.
Valtech Research Report: Goodwill impairment in Hong Kong-listed technology companies FY2021–FY2025
Trends FY2021–FY2025, AI exposure and the FY2026 year-end outlook — an infographic brief for auditors, management and audit committees.
Valtech Valuation Scales Up Portfolio Valuation Capability to 50–100 Investments per Engagement
Valtech Valuation has strengthened its workflow for large-scale portfolio valuation, significantly expanding the size of portfolios it can value within a single engagement. Until recently, Valtech's valuation team regarded a portfolio of 15 to 20 investments as a large-scale engagement. Today, through an enhanced internal system, a well-trained and experienced valuation team, and AI support in research and financial analysis, Valtech can take on portfolios of 50 to 100 investments while maintaining the quality, consistency and turnaround its clients expect.
Valtech’s Business Update and Strategy When AI Is Getting Popular
AI is reshaping the business valuation landscape, that is absolutely true. While fewer clients are coming to me for initial valuations, we’ve seen a rise in new clients facing two very specific situations:
Navigating Cross-Border Group Restructuring: Why IVS Valuation Shields You from Tax Risks
Multinational group restructurings demand absolute precision when reallocating equity interests across jurisdictions. Executing related-party equity transfers without defensible market value assessments invites aggressive scrutiny and costly transfer pricing adjustments from local tax authorities.
Valuing a Specialist CRO
Valuing a Specialist CRO A specialist contract research organisation may appear to be a straightforward fee-for-service business. Its value, however, depends on the repeatability of its project pipeline, the transferability of its technical capabilities, resource utilisation, and the extent to
Valtech has completed multiple valuations for announcement and/or circular disclosures for HKEx listed companies in 2026
As of August 2026, Valtech has completed multiple valuation engagements for announcement and circular disclosures for HKEx-listed companies. Our scope spans target companies and assets across diverse sectors, including investment holding, healthcare, manufacturing, and catering.
Business Update: Elevating Cross-Border Valuation through Global Expertise and Trusted Judgment
Our leadership team, Charlie and Max, recently concluded a highly successful series of client visits and strategic stakeholder engagements, connecting with fast-growing startups and four SGX-listed companies. Executed primarily across Hong Kong and Singapore—two world-class financial hubs renowned for their deep talent pools and international exposure—these engagements reinforced Valtech’s commitment to driving clear, defensible corporate strategies.
Better Valuation Models and Programme for Accounting and Audit-Related Valuations
In response to evolving audit requirements and the increasing level of review performed by auditors on work prepared by clients’ valuation experts, Valtech has continued to refine its valuation models and programme to provide clearer, more structured, and better-supported valuation analyses.
Valtech Case Sharing: AI Sector Market Valuation Assessment for a Cross-Border Transaction
We are pleased to share a recent mandate where Valtech provided independent valuation advisory for a cross-border transaction reference purpose within the high-growth Artificial Intelligence (AI) sector.
Valtech Valuation Market Observations as of Q2 2026
As transaction structures evolve to unlock liquidity, the role of professional valuation is required for not only compliance exercise but also strategic planning. Valuation depends on financial science, but it equally demands rigorous professional judgment. There is rarely a single "accurate" valuation figure; instead, the market demands supportable, objective, and reasonable valuations that can withstand intense scrutiny from regulators and auditors alike.
Valtech Completed Valuation of Wealth Management and Financing Business Targets for a NASDAQ-listed Company
Valtech Valuation Advisory recently completed the valuation of certain wealth management and financing businesses in Hong Kong for reference by a NASDAQ-listed company.
Valtech Completed a Project on Valuation of Biological Assets
Valtech’s valuation team has recently completed a fair value assessment of biological assets for a Hong Kong listed company with livestock operation. The subject valuation was conducted for financial reporting purpose. Navigating the Complexities of Biological Transformation Unlike static corporate assets, biological assets are
Valtech Published Directions on Valuation of AI-Based Startups, Ventures, and Companies
Valuing an AI company fundamentally involves estimating future cash flows, assessing the risks surrounding those cash flows, and evaluating the durability of its competitive advantage. What changes in the AI sector is not the valuation identity itself, but rather the underlying economic structure.
Economic Value of Joint Tenancy Interests: A Specialized Valuation Approach
At Valtech, we believe a valuation is only as good as the reasoning behind it—especially when dealing with complex legal structures that seem to defy standard market logic. One of the most challenging scenarios in the Hong Kong property market is the valuation of
Breaking the Cycle: High-Stakes Valuation Demands Professionalism Over the Lowest Bid – Valtech Can Offer That
At Valtech Valuation, we observe a widening gap in the market. While low-cost providers are abundant, there is a scarcity of agencies competing on the basis of outstanding problem-solving skills, deep technical knowledge, and a true commitment to compliance.
Valtech Valuation Completes Impairment Testing for Plant and Machinery (Electric Vehicle Related) Assets
Valuation of Machinery & Equipment under IAS 36 Impairment of Assets Valtech Valuation is pleased to announce the successful completion of an impairment testing engagement on machinery and equipment related to electric vehicle (EV) technology. This project highlights Valtech’s capability in valuing next-generation industrial
Valtech Valuation Completes Valuation of a Medical Company
Valtech’s valuation team has recently completed valuation in relation to a transaction of a medical company. The target company’s business is to develop IVD diagnostics products for various diseases. We are engaged to conduct purchase price allocation (PPA) and valuation of an additional investment option.
Are Large Language Models the Holy Grail of Valuation?
The rapid advancement of artificial intelligence (AI) is reshaping how valuation professionals work. From extracting data across disparate sources to assisting with the drafting of valuation reports, AI tools are increasingly embedded in day-to-day valuation workflows. When used appropriately, AI can save hundreds of hours, accelerate analysis, and reduce certain forms of human error by processing vast volumes of market data and identifying patterns that may not be immediately apparent to analysts.
Valuation of a Start-up with Operation of Selfie Booth
Valtech’s valuation team has recently completed valuation for a start-up with operation of photo booth. The subject company is a Hong Kong brand specializing in four-grid selfie photo booths, offering stylish, convenient, and high-quality shooting experiences through collaborations with IPs, artists, and fandoms. The subject valuation is for management reference purpose.
Valtech Completes Valuation of an international provider of maritime solutions
Discover Valtech's latest valuation of a global maritime solutions provider, enhancing industry insights and investment opportunities.
Valtech – A Trusted Consultancy in LSP and DBO Valuation
Valtech provides trusted actuarial valuation for Hong Kong's LSP & DBO obligations. Gain clarity on employee benefit costs for better financial planning.
Valtech Completes Valuation for a Solar Power Generation Company
Valtech delivers a professional and defensible valuation for a major Chinese solar company, supporting its financial reporting under HKFRS standards.
