Narrative Update • Aug 21
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Hong Kong (HSI) Technology Distributors Industry Analysis
UpdatedAug 23, 2026
DataAggregated Company Financials
Companies25
- 7D-3.1%
- 3M3.5%
- 1Y8.4%
- YTDn/a
Over the last 7 days, the Technology Distributors industry has dropped 3.1%, driven by a pullback from VSTECS Holdings of 10%. Meanwhile, S.A.S. Dragon Holdings actually outperformed within the industry, gaining 12% in the last week. This takes the industry's 12 month performance to a gain of 8.4%. Earnings are forecast to grow by 12% annually.
Industry Valuation and Performance
Has the Hong Kong Technology Distributors Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 23 Aug 2026 | HK$37.8b | HK$259.8b | HK$3.9b | 15.2x | 9.8x | 0.1x |
| Tue, 21 Jul 2026 | HK$37.2b | HK$222.4b | HK$2.9b | 18.6x | 13x | 0.2x |
| Thu, 18 Jun 2026 | HK$39.6b | HK$222.3b | HK$2.5b | 17.7x | 16x | 0.2x |
| Sat, 16 May 2026 | HK$36.1b | HK$222.2b | HK$2.5b | 17.1x | 14.6x | 0.2x |
| Mon, 13 Apr 2026 | HK$31.0b | HK$222.1b | HK$2.5b | 9.2x | 12.5x | 0.1x |
| Wed, 11 Mar 2026 | HK$30.2b | HK$206.6b | HK$2.2b | 11.1x | 13.9x | 0.1x |
| Fri, 06 Feb 2026 | HK$31.6b | HK$206.4b | HK$2.2b | 13.5x | 14.5x | 0.2x |
| Sun, 04 Jan 2026 | HK$30.3b | HK$206.2b | HK$2.2b | 9.5x | 13.9x | 0.1x |
| Tue, 02 Dec 2025 | HK$30.5b | HK$206.1b | HK$2.2b | 10.6x | 14x | 0.1x |
| Thu, 30 Oct 2025 | HK$33.5b | HK$205.7b | HK$2.3b | 16.4x | 14.4x | 0.2x |
| Sat, 27 Sep 2025 | HK$31.9b | HK$205.6b | HK$2.3b | 15.6x | 13.7x | 0.2x |
| Mon, 25 Aug 2025 | HK$34.8b | HK$202.8b | HK$2.3b | 11.9x | 15x | 0.2x |
| Wed, 23 Jul 2025 | HK$29.3b | HK$195.6b | HK$2.2b | 9.8x | 13.6x | 0.1x |
| Fri, 20 Jun 2025 | HK$24.2b | HK$195.2b | HK$2.3b | 9.6x | 10.5x | 0.1x |
| Sun, 18 May 2025 | HK$23.5b | HK$195.1b | HK$2.3b | 9.2x | 10.2x | 0.1x |
| Tue, 15 Apr 2025 | HK$20.7b | HK$194.9b | HK$2.3b | 7.6x | 9x | 0.1x |
| Thu, 13 Mar 2025 | HK$22.9b | HK$184.0b | HK$2.2b | 7.8x | 10.5x | 0.1x |
| Sat, 08 Feb 2025 | HK$19.6b | HK$183.9b | HK$2.2b | 7.5x | 9x | 0.1x |
| Mon, 06 Jan 2025 | HK$18.7b | HK$183.9b | HK$2.2b | 7.2x | 8.6x | 0.1x |
| Wed, 04 Dec 2024 | HK$18.8b | HK$183.9b | HK$2.2b | 7.1x | 8.7x | 0.1x |
| Fri, 01 Nov 2024 | HK$19.0b | HK$182.9b | HK$2.0b | 7.6x | 9.5x | 0.1x |
| Sun, 29 Sep 2024 | HK$17.2b | HK$183.0b | HK$2.0b | 7.2x | 8.6x | 0.09x |
| Tue, 27 Aug 2024 | HK$16.5b | HK$182.7b | HK$2.0b | 6.3x | 8.3x | 0.09x |
| Thu, 25 Jul 2024 | HK$15.8b | HK$170.0b | HK$2.0b | 6.8x | 8x | 0.09x |
| Sat, 22 Jun 2024 | HK$17.1b | HK$170.6b | HK$1.5b | 7x | 11.1x | 0.1x |
| Mon, 20 May 2024 | HK$18.0b | HK$170.3b | HK$1.5b | 8.5x | 12.3x | 0.1x |
| Wed, 17 Apr 2024 | HK$16.9b | HK$170.3b | HK$1.5b | 9.2x | 11.6x | 0.1x |
| Fri, 15 Mar 2024 | HK$16.3b | HK$167.1b | HK$1.3b | 6.5x | 12.6x | 0.1x |
| Sun, 11 Feb 2024 | HK$16.2b | HK$167.2b | HK$1.3b | 6.6x | 12.5x | 0.1x |
| Tue, 09 Jan 2024 | HK$16.4b | HK$167.1b | HK$1.3b | 6.7x | 12.7x | 0.1x |
| Thu, 07 Dec 2023 | HK$15.9b | HK$167.1b | HK$1.3b | 6.3x | 12.3x | 0.1x |
| Sat, 04 Nov 2023 | HK$16.6b | HK$167.2b | HK$1.4b | 6.5x | 12.1x | 0.1x |
| Mon, 02 Oct 2023 | HK$25.7b | HK$167.2b | HK$1.4b | 6.9x | 18.8x | 0.2x |
| Wed, 30 Aug 2023 | HK$77.7b | HK$168.8b | HK$1.4b | 6.5x | 53.6x | 0.5x |
Price to Earnings Ratio
53.6x
Current Industry PE
- Investors are pessimistic on the Hong Kong Technology Distributors industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 9.8x which is lower than its 3-year average PE of 12.7x.
- The industry is trading close to its 3-year average PS ratio of 0.13x.
Past Earnings Growth
- The earnings for companies in the Technology Distributors industry have grown 39% per year over the last three years.
- Revenues for these companies have grown 15% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Comparison
How does Hong Kong Technology Distributors compare with similar industries?
| HK Market | 3.64% | |
| Tech | 0.30% | |
| Electronic Equipment and Components | -2.07% | |
| Technology Distributors | -3.06% | |
| Electronic Components | -1.09% | |
| Electronic Equipment and Instruments | -2.75% | |
| Electronic Manufacturing Services | -3.23% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 1184 S.A.S. Dragon Holdings | HK$8.78 | 12.1% +HK$591.4m | 71.1% | PE5x | |
| 2166 Smart-Core Holdings | HK$5.36 | 20.9% +HK$423.4m | 197.5% | PE15.2x | |
| 1473 Pangaea Connectivity Technology | HK$1.29 | 6.6% +HK$94.2m | 189.9% | PE36.6x | |
| 595 AV Concept Holdings | HK$1.31 | 5.7% +HK$62.9m | 214.5% | PE5.1x | |
| 2350 MTT Group Holdings | HK$0.66 | 5.6% +HK$21.9m | 6.5% | PS0.6x |