Even With A 25% Surge, Cautious Investors Are Not Rewarding VSTECS Holdings Limited's (HKG:856) Performance Completely
Jun 30
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Hong Kong (HSI) Technology Distributors Industry Analysis
UpdatedJun 29, 2025
DataAggregated Company Financials
Companies25
- 7D5.0%
- 3M9.1%
- 1Y40.7%
- YTDn/a
The Technology Distributors industry is up 5.0% in the last week, with VSTECS Holdings up 9.5%. This takes the industry's 12 month performance to a gain of 41%. As for the next few years, earnings are expected to grow by 15% per annum.
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 |
|---|---|---|---|---|---|---|
| Mon, 30 Jun 2025 | HK$25.5b | HK$195.3b | HK$2.3b | 10.6x | 11.1x | 0.1x |
| Wed, 28 May 2025 | HK$23.3b | HK$195.2b | HK$2.3b | 9x | 10.1x | 0.1x |
| Fri, 25 Apr 2025 | HK$21.6b | HK$194.9b | HK$2.3b | 8x | 9.4x | 0.1x |
| Sun, 23 Mar 2025 | HK$23.0b | HK$192.9b | HK$2.4b | 7.5x | 9.7x | 0.1x |
| Tue, 18 Feb 2025 | HK$23.1b | HK$184.0b | HK$2.2b | 8.2x | 10.6x | 0.1x |
| Thu, 16 Jan 2025 | HK$18.3b | HK$183.9b | HK$2.2b | 7.1x | 8.4x | 0.1x |
| Sat, 14 Dec 2024 | HK$19.3b | HK$183.9b | HK$2.2b | 7.2x | 8.9x | 0.1x |
| Mon, 11 Nov 2024 | HK$18.9b | HK$183.6b | HK$2.1b | 7.5x | 9x | 0.1x |
| Wed, 09 Oct 2024 | HK$19.8b | HK$183.0b | HK$2.0b | 7.7x | 9.9x | 0.1x |
| Fri, 06 Sep 2024 | HK$16.7b | HK$182.9b | HK$2.0b | 6.5x | 8.3x | 0.09x |
| Sun, 04 Aug 2024 | HK$16.6b | HK$170.6b | HK$2.0b | 6.9x | 8.5x | 0.1x |
| Tue, 02 Jul 2024 | HK$16.6b | HK$170.0b | HK$2.0b | 7.6x | 8.4x | 0.1x |
| Thu, 30 May 2024 | HK$17.7b | HK$170.3b | HK$1.5b | 8.7x | 12.1x | 0.1x |
| Sat, 27 Apr 2024 | HK$17.4b | HK$170.3b | HK$1.5b | 8.5x | 11.9x | 0.1x |
| Mon, 25 Mar 2024 | HK$16.0b | HK$165.7b | HK$1.5b | 6.5x | 10.8x | 0.1x |
| Wed, 21 Feb 2024 | HK$16.4b | HK$167.1b | HK$1.3b | 6.7x | 12.7x | 0.1x |
| Fri, 19 Jan 2024 | HK$16.3b | HK$167.1b | HK$1.3b | 6.8x | 12.6x | 0.1x |
| Sun, 17 Dec 2023 | HK$16.5b | HK$167.2b | HK$1.3b | 6.6x | 12.7x | 0.1x |
| Tue, 14 Nov 2023 | HK$16.9b | HK$167.2b | HK$1.4b | 6.4x | 12x | 0.1x |
| Thu, 12 Oct 2023 | HK$20.1b | HK$167.2b | HK$1.4b | 6.8x | 14.7x | 0.1x |
| Sat, 09 Sep 2023 | HK$37.4b | HK$167.1b | HK$1.4b | 6.7x | 27.1x | 0.2x |
| Mon, 07 Aug 2023 | HK$16.2b | HK$182.0b | HK$1.8b | 6.2x | 9.1x | 0.09x |
| Wed, 05 Jul 2023 | HK$16.7b | HK$182.0b | HK$1.8b | 5.4x | 9.4x | 0.09x |
| Fri, 02 Jun 2023 | HK$17.1b | HK$182.8b | HK$1.8b | 5.2x | 9.7x | 0.09x |
| Sun, 30 Apr 2023 | HK$18.1b | HK$183.4b | HK$1.8b | 5.6x | 10x | 0.1x |
| Tue, 28 Mar 2023 | HK$18.6b | HK$196.0b | HK$2.1b | 5.6x | 8.8x | 0.09x |
| Thu, 23 Feb 2023 | HK$16.6b | HK$190.8b | HK$2.2b | 5x | 7.4x | 0.09x |
| Sat, 21 Jan 2023 | HK$17.4b | HK$190.8b | HK$2.3b | 4.8x | 7.7x | 0.09x |
| Mon, 19 Dec 2022 | HK$16.3b | HK$190.7b | HK$2.3b | 5x | 7.2x | 0.09x |
| Wed, 16 Nov 2022 | HK$16.2b | HK$191.8b | HK$2.4b | 5.1x | 6.6x | 0.08x |
| Fri, 14 Oct 2022 | HK$15.3b | HK$192.2b | HK$2.4b | 4.9x | 6.3x | 0.08x |
| Sun, 11 Sep 2022 | HK$17.6b | HK$191.6b | HK$2.4b | 5.2x | 7.4x | 0.09x |
| Tue, 09 Aug 2022 | HK$17.8b | HK$194.7b | HK$2.6b | 4.5x | 6.9x | 0.09x |
| Thu, 07 Jul 2022 | HK$19.0b | HK$195.1b | HK$2.6b | 4.5x | 7.3x | 0.1x |
Price to Earnings Ratio
7.3x
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 10.5x.
- The industry is trading close to its 3-year average PS ratio of 0.11x.
Past Earnings Growth
- The earnings for companies in the Technology Distributors industry have declined 4.2% per year over the last three years.
- Meanwhile revenues have remained mostly flat.
- This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Comparison
How does Hong Kong Technology Distributors compare with similar industries?
| HK Market | 2.62% | |
| Tech | 7.74% | |
| Electronic Equipment and Components | 3.46% | |
| Technology Distributors | 4.96% | |
| Electronic Manufacturing Services | 4.67% | |
| Electronic Components | 4.24% | |
| Electronic Equipment and Instruments | 1.11% | |
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 | |
|---|---|---|---|---|---|
| 856 VSTECS Holdings | HK$7.77 | 7.2% +HK$744.0m | 75.4% | PE10.6x | |
| 400 Ingdan | HK$1.48 | 8.8% +HK$197.3m | 35.8% | PE11.7x | |
| 1942 MOG Digitech Holdings | HK$0.66 | 20.0% +HK$125.8m | -34.0% | PS0.5x | |
| 3991 Changhong Jiahua Holdings | HK$0.85 | 3.7% +HK$77.1m | 88.9% | PE5.8x | |
| 3638 Hunlicar Group | HK$9.50 | 7.2% +HK$49.6m | 25.7% | PE15.1x |
