Hong Kong (HSI) Technology Distributors Industry Analysis

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
Sat, 25 Jul 2026	HK$36.9b	HK$222.4b	HK$2.9b	18.5x	12.9x	0.2x
Mon, 22 Jun 2026	HK$38.3b	HK$222.3b	HK$2.5b	17.1x	15.4x	0.2x
Wed, 20 May 2026	HK$36.7b	HK$222.2b	HK$2.5b	18x	14.8x	0.2x
Fri, 17 Apr 2026	HK$30.7b	HK$222.1b	HK$2.5b	9.1x	12.4x	0.1x
Sun, 15 Mar 2026	HK$30.0b	HK$206.5b	HK$2.2b	10.6x	13.8x	0.1x
Tue, 10 Feb 2026	HK$32.1b	HK$206.4b	HK$2.2b	13.3x	14.7x	0.2x
Thu, 08 Jan 2026	HK$31.8b	HK$206.2b	HK$2.2b	10.3x	14.6x	0.2x
Sat, 06 Dec 2025	HK$30.1b	HK$206.1b	HK$2.2b	10.8x	13.9x	0.1x
Mon, 03 Nov 2025	HK$32.5b	HK$205.6b	HK$2.1b	15.1x	15.2x	0.2x
Wed, 01 Oct 2025	HK$33.6b	HK$205.6b	HK$2.3b	15.9x	14.4x	0.2x
Fri, 29 Aug 2025	HK$33.8b	HK$202.4b	HK$2.3b	12.9x	14.7x	0.2x
Sun, 27 Jul 2025	HK$29.3b	HK$195.6b	HK$2.2b	9.8x	13.6x	0.1x
Tue, 24 Jun 2025	HK$24.4b	HK$195.2b	HK$2.3b	9.9x	10.6x	0.1x
Thu, 22 May 2025	HK$23.1b	HK$195.2b	HK$2.3b	9.1x	10x	0.1x
Sat, 19 Apr 2025	HK$20.5b	HK$194.9b	HK$2.3b	7.5x	8.9x	0.1x
Mon, 17 Mar 2025	HK$23.2b	HK$184.0b	HK$2.2b	7.9x	10.7x	0.1x
Wed, 12 Feb 2025	HK$19.7b	HK$183.9b	HK$2.2b	7.6x	9.1x	0.1x
Fri, 10 Jan 2025	HK$18.4b	HK$183.9b	HK$2.2b	7.2x	8.5x	0.1x
Sun, 08 Dec 2024	HK$19.2b	HK$184.0b	HK$2.2b	7.1x	8.8x	0.1x
Tue, 05 Nov 2024	HK$18.7b	HK$183.7b	HK$2.1b	7.5x	8.9x	0.1x
Thu, 03 Oct 2024	HK$18.0b	HK$183.0b	HK$2.0b	7.5x	9x	0.1x
Sat, 31 Aug 2024	HK$16.6b	HK$182.8b	HK$2.0b	6.8x	8.2x	0.09x
Mon, 29 Jul 2024	HK$15.9b	HK$170.0b	HK$2.0b	6.6x	8x	0.09x
Wed, 26 Jun 2024	HK$16.6b	HK$170.2b	HK$1.8b	7.7x	9x	0.1x
Fri, 24 May 2024	HK$18.0b	HK$170.3b	HK$1.5b	8.9x	12.3x	0.1x
Sun, 21 Apr 2024	HK$16.8b	HK$170.3b	HK$1.5b	9.5x	11.5x	0.1x
Tue, 19 Mar 2024	HK$16.2b	HK$167.1b	HK$1.3b	6.5x	12.5x	0.1x
Thu, 15 Feb 2024	HK$16.1b	HK$167.1b	HK$1.3b	6.6x	12.4x	0.1x
Sat, 13 Jan 2024	HK$16.7b	HK$167.1b	HK$1.3b	6.8x	12.9x	0.1x
Mon, 11 Dec 2023	HK$16.1b	HK$167.1b	HK$1.3b	6.4x	12.4x	0.1x
Wed, 08 Nov 2023	HK$16.6b	HK$167.2b	HK$1.4b	6.7x	12.1x	0.1x
Fri, 06 Oct 2023	HK$25.7b	HK$167.2b	HK$1.4b	6.7x	18.8x	0.2x
Sun, 03 Sep 2023	HK$42.1b	HK$167.2b	HK$1.4b	6.6x	30.4x	0.3x
Tue, 01 Aug 2023	HK$16.4b	HK$182.0b	HK$1.8b	6.3x	9.2x	0.09x

Current Industry PE

Investors are relatively neutral on the Hong Kong Technology Distributors industry at the moment, indicating that they anticipate long term growth rates to remain steady.

The industry is trading close to its 3-year average PE ratio of 12.6x.

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 17% per year over the last three years.
Revenues for these companies have grown 6.9% 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	2.50%
Tech	2.89%
Electronic Equipment and Components	-1.05%
Technology Distributors	1.38%
Electronic Equipment and Instruments	4.95%
Electronic Manufacturing Services	-0.36%
Electronic Components	-4.62%

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
1473 Pangaea Connectivity Technology	HK$1.60	24.0% +HK$363.3m	598.7%	PE45.1x
856 VSTECS Holdings	HK$9.09	1.6% +HK$200.2m	0.7%	PE9.6x
6036 Apex Ace Holding	HK$1.17	6.4% +HK$73.8m	169.0%	PE18.5x
2336 Shuoao International Holdings	HK$0.28	11.8% +HK$54.5m	223.9%	PS2.9x
2166 Smart-Core Holdings	HK$4.30	2.4% +HK$45.8m	138.9%	PE12.2x

Company

Last Price

Valuation

1473 Pangaea Connectivity Technology

HK$1.60

24.0%
+HK$363.3m

598.7%

PE45.1x

856 VSTECS Holdings

HK$9.09

1.6%
+HK$200.2m

0.7%

PE9.6x

6036 Apex Ace Holding

HK$1.17

6.4%
+HK$73.8m

169.0%

PE18.5x

2336 Shuoao International Holdings

HK$0.28

11.8%
+HK$54.5m

223.9%

PS2.9x

2166 Smart-Core Holdings

HK$4.30

2.4%
+HK$45.8m

138.9%

PE12.2x

New major risk - Shareholder dilution

The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 35% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.1x net interest cover). Earnings have declined by 2.9% per year over the past 5 years. Shareholders have been substantially diluted in the past year (35% increase in shares outstanding). Minor Risk Market cap is less than US$100m (HK$87.3m market cap, or US$11.1m).

Hong Kong (HSI) Technology Distributors Industry Analysis

Industry Valuation and Performance

Industry Comparison

Top Stock Gainers and Losers

Latest News

Qianhai Health Holdings Limited Provides Consolidated Earnings Guidance for the Six Months Ended 30 June 2026

Mog Digitech Holdings Limited Provides Earnings Guidance for the for the Five Months Ended 31 May 2026

New major risk - Financial position

New major risk - Shareholder dilution

Investor sentiment deteriorates as stock falls 17%

Smart-Core Holdings Limited Provides Earnings Guidance for the Six Months Ended 30 June 2026

Investor sentiment deteriorates as stock falls 17%

Full year 2026 earnings released: HK$0.019 loss per share (vs HK$0.002 profit in FY 2025)

Executive Chairman recently bought HK$288k worth of stock

Investor sentiment improves as stock rises 16%

New minor risk - Share price stability

New minor risk - Share price stability

China Fortune Holdings Limited, Annual General Meeting, Jun 26, 2026

Less than half of directors are independent

New minor risk - Share price stability

Changhong Jiahua Holdings Limited Recommends No Dividend for the Year Ended 31 December 2025