Ingdan, Inc.'s (HKG:400) Shares Climb 26% But Its Business Is Yet to Catch Up
Jan 12
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Hong Kong (HSI) Technology Distributors Industry Analysis
UpdatedJan 17, 2026
DataAggregated Company Financials
Companies25
- 7D3.4%
- 3M6.7%
- 1Y71.8%
- YTDn/a
The Technology Distributors industry is up 4.0% in the last week, with Ingdan up 6.1%. In the last 12 months, the industry was up 70%. Looking forward, earnings are forecast to grow by 15% 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 |
|---|---|---|---|---|---|---|
| Sat, 17 Jan 2026 | HK$33.0b | HK$206.3b | HK$2.2b | 12.2x | 15.1x | 0.2x |
| Mon, 15 Dec 2025 | HK$30.0b | HK$206.1b | HK$2.2b | 10.5x | 13.8x | 0.1x |
| Wed, 12 Nov 2025 | HK$31.1b | HK$205.6b | HK$2.1b | 12.9x | 14.5x | 0.2x |
| Fri, 10 Oct 2025 | HK$33.9b | HK$205.6b | HK$2.3b | 16.1x | 14.5x | 0.2x |
| Sun, 07 Sep 2025 | HK$31.8b | HK$205.6b | HK$2.3b | 14.6x | 13.6x | 0.2x |
| Tue, 05 Aug 2025 | HK$29.3b | HK$195.6b | HK$2.2b | 10x | 13.6x | 0.1x |
| Thu, 03 Jul 2025 | HK$25.7b | HK$195.6b | HK$2.2b | 9.3x | 12x | 0.1x |
| Sat, 31 May 2025 | HK$22.9b | HK$195.2b | HK$2.3b | 8.5x | 9.9x | 0.1x |
| Mon, 28 Apr 2025 | HK$21.7b | HK$194.9b | HK$2.3b | 8.4x | 9.4x | 0.1x |
| Wed, 26 Mar 2025 | HK$23.6b | HK$193.3b | HK$2.4b | 7.8x | 9.9x | 0.1x |
| Fri, 21 Feb 2025 | HK$23.2b | HK$184.0b | HK$2.2b | 8x | 10.7x | 0.1x |
| Sun, 19 Jan 2025 | HK$18.2b | HK$183.9b | HK$2.2b | 6.6x | 8.4x | 0.1x |
| Tue, 17 Dec 2024 | HK$19.3b | HK$183.9b | HK$2.2b | 7.2x | 8.9x | 0.1x |
| Thu, 14 Nov 2024 | HK$18.9b | HK$183.6b | HK$2.1b | 7.6x | 9x | 0.1x |
| Sat, 12 Oct 2024 | HK$19.2b | HK$182.9b | HK$2.0b | 7.7x | 9.6x | 0.1x |
| Mon, 09 Sep 2024 | HK$16.7b | HK$182.9b | HK$2.0b | 6.5x | 8.3x | 0.09x |
| Wed, 07 Aug 2024 | HK$16.1b | HK$170.6b | HK$2.0b | 6.5x | 8.2x | 0.09x |
| Fri, 05 Jul 2024 | HK$16.4b | HK$170.0b | HK$2.0b | 7.3x | 8.3x | 0.1x |
| Sun, 02 Jun 2024 | HK$17.5b | HK$170.3b | HK$1.5b | 9.6x | 12x | 0.1x |
| Tue, 30 Apr 2024 | HK$17.5b | HK$170.3b | HK$1.5b | 8.4x | 11.9x | 0.1x |
| Thu, 28 Mar 2024 | HK$15.9b | HK$169.1b | HK$1.5b | 6.5x | 10.4x | 0.09x |
| Sat, 24 Feb 2024 | HK$16.7b | HK$167.1b | HK$1.3b | 6.8x | 12.9x | 0.1x |
| Mon, 22 Jan 2024 | HK$16.4b | HK$167.2b | HK$1.3b | 6.8x | 12.7x | 0.1x |
| Wed, 20 Dec 2023 | HK$16.3b | HK$167.1b | HK$1.3b | 6.6x | 12.6x | 0.1x |
| Fri, 17 Nov 2023 | HK$17.0b | HK$167.2b | HK$1.4b | 6.3x | 12.2x | 0.1x |
| Sun, 15 Oct 2023 | HK$19.6b | HK$167.2b | HK$1.4b | 6.7x | 14.3x | 0.1x |
| Tue, 12 Sep 2023 | HK$47.6b | HK$167.1b | HK$1.4b | 6.6x | 34.4x | 0.3x |
| Thu, 10 Aug 2023 | HK$16.3b | HK$182.0b | HK$1.8b | 6.2x | 9x | 0.09x |
| Sat, 08 Jul 2023 | HK$16.9b | HK$182.0b | HK$1.8b | 5.7x | 9.5x | 0.09x |
| Mon, 05 Jun 2023 | HK$17.1b | HK$182.8b | HK$1.8b | 5.2x | 9.8x | 0.09x |
| Wed, 03 May 2023 | HK$18.1b | HK$183.4b | HK$1.8b | 5.6x | 10x | 0.1x |
| Fri, 31 Mar 2023 | HK$18.4b | HK$187.5b | HK$1.9b | 5.7x | 9.8x | 0.1x |
| Sun, 26 Feb 2023 | HK$17.0b | HK$190.8b | HK$2.2b | 4.9x | 7.6x | 0.09x |
| Tue, 24 Jan 2023 | HK$17.4b | HK$190.8b | HK$2.3b | 4.8x | 7.7x | 0.09x |
Price to Earnings Ratio
7.7x
Current Industry PE
- Investors are optimistic on the Hong Kong Technology Distributors industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 15.1x which is higher than its 3-year average PE of 11.7x.
- The industry is trading close to its 3-year average PS ratio of 0.12x.
Past Earnings Growth
- The earnings for companies in the Technology Distributors industry have remained mostly flat over the last three years.
- Meanwhile revenues for these companies have grown 2.6% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased and as a result, profits have held steady.
Industry Comparison
How does Hong Kong Technology Distributors compare with similar industries?
| HK Market | 1.58% | |
| Tech | 3.25% | |
| Electronic Equipment and Components | 3.85% | |
| Technology Distributors | 3.41% | |
| Electronic Equipment and Instruments | 4.14% | |
| Electronic Components | 4.06% | |
| Electronic Manufacturing Services | 2.93% | |
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 | |
|---|---|---|---|---|---|
| 400 Ingdan | HK$4.02 | 6.1% +HK$378.2m | 246.6% | PE28.2x | |
| 856 VSTECS Holdings | HK$8.27 | 2.2% +HK$257.4m | 73.7% | PE9.8x | |
| 2166 Smart-Core Holdings | HK$2.90 | 8.6% +HK$107.0m | 70.6% | PE12x | |
| 2350 MTT Group Holdings | HK$1.04 | 19.5% +HK$106.3m | 112.2% | PS0.9x | |
| 3991 Changhong Jiahua Holdings | HK$1.15 | 3.6% +HK$102.8m | 113.0% | PE7.5x |
