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Cogobuy Group
(0400)
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Rating:57Neutral
Price Target:
HK$5.50
▲(82.72% Upside)
Action:Reiterated
Date:07/01/26
The score is held back primarily by weaker financial quality—margin compression, rising leverage, and especially negative operating/free cash flow in 2025—despite improved revenue growth. Technicals are a positive, with the stock trading well above major moving averages, but valuation is unattractive with a high P/E and no dividend yield provided.
Positive Factors
Accelerating revenue growth
Revenue acceleration to +18.7% in 2025 indicates improving top-line momentum tied to core platform activity. Sustained revenue growth strengthens scale economics, supports investment in platform and logistics, and can improve bargaining power with suppliers and customers over the medium term.
Negative Factors
Margin compression
Material margin erosion to 7.3% gross and 1.4% net in 2025 weakens the firm's profitability cushion. Low margins limit the ability to absorb cost inflation, constrain reinvestment capacity for the platform, and make earnings highly sensitive to price or volume shocks over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Accelerating revenue growth
Revenue acceleration to +18.7% in 2025 indicates improving top-line momentum tied to core platform activity. Sustained revenue growth strengthens scale economics, supports investment in platform and logistics, and can improve bargaining power with suppliers and customers over the medium term.
Read all positive factors
Cogobuy Group (0400) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$9.05B
Dividend YieldN/A
Average Volume (3M)6.09M
Price to Earnings (P/E)35.1
Beta (1Y)0.77
Revenue Growth50.32%
EPS Growth-1.01%
CountryHK
Employees3,425
SectorTechnology
Sector Strength88
IndustryTechnology Distributors
Share Statistics
EPS (TTM)0.14
Shares Outstanding1,644,262,700
10 Day Avg. Volume6,284,405
30 Day Avg. Volume6,093,818
Financial Highlights & Ratios
PEG Ratio-2.85
Price to Book (P/B)0.97
Price to Sales (P/S)0.28
P/FCF Ratio-28.23
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.23
Revenue Forecast (FY)HK$28.56B
Cogobuy Group Business Overview & Revenue Model
Company Description
Ingdan, Inc. is an investment holding company, which engages in the provision of an integration platform as a service technology services platform. It operates under the Comtech and Ingdan segments. The Comtech segment focuses on selling integrate...
How the Company Makes Money
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Cogobuy Group Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
58
Neutral
Cash Flow
35
Negative
| Breakdown | Mar 2026 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 15.21B | 10.13B | 8.86B | 9.54B | 9.45B |
| Gross Profit | 1.10B | 889.46M | 1.03B | 1.11B | 933.38M |
| EBITDA | 577.77M | 467.32M | 475.95M | 564.91M | 830.75M |
| Net Income | 214.76M | 189.85M | 210.70M | 314.41M | 296.15M |
Balance Sheet | |||||
| Total Assets | 10.96B | 9.61B | 10.20B | 9.71B | 7.78B |
| Cash, Cash Equivalents and Short-Term Investments | 1.27B | 618.23M | 437.78M | 682.42M | 137.29M |
| Total Debt | 2.65B | 1.90B | 1.63B | 918.65M | 448.54M |
| Total Liabilities | 6.18B | 5.20B | 5.68B | 5.25B | 3.24B |
| Stockholders Equity | 4.34B | 3.85B | 3.99B | 4.03B | 4.15B |
Cash Flow | |||||
| Free Cash Flow | -148.60M | 101.02M | -741.37M | 387.98M | -579.66M |
| Operating Cash Flow | -93.46M | 132.01M | -573.34M | 658.47M | -444.97M |
| Investing Cash Flow | -423.10M | -60.54M | -244.21M | -422.62M | -196.49M |
| Financing Cash Flow | 719.00M | 86.55M | 574.82M | 271.91M | 395.99M |
Cogobuy Group Technical Analysis
Positive
3.01
Price Trends
3.40
Positive
3.24
Positive
3.11
Positive
Market Momentum
0.43
Negative
75.62
Negative
67.38
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0400, the sentiment is Positive. The current price of 3.01 is below the 20-day moving average (MA) of 4.42, below the 50-day MA of 3.40, and below the 200-day MA of 3.11, indicating a bullish trend. The MACD of 0.43 indicates Negative momentum. The RSI at 75.62 is Negative, neither overbought nor oversold. The STOCH value of 67.38 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:0400.
Cogobuy Group Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | HK$12.68B | 9.01 | 13.91% | 3.21% | 9.59% | 29.11% | |
67 Neutral | HK$987.80M | 4.25 | 3.40% | 4.94% | 12.17% | 331.64% | |
65 Neutral | HK$235.20M | 35.44 | 3.87% | 3.06% | -15.34% | -32.48% | |
63 Neutral | HK$503.12M | 3.01 | 5.41% | 0.98% | 6.90% | -55.59% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
57 Neutral | HK$9.05B | 35.09 | 5.16% | ― | 50.32% | -1.01% | |
54 Neutral | HK$1.40B | 20.57 | 20.35% | ― | 87.51% | 901.59% |
* Technology Sector Average
HK:0400
Cogobuy Group
5.54
3.84
225.88%
HK:0529
SiS International Holdings
1.81
0.11
6.47%
HK:0856
VSTECS Holdings Limited
8.83
1.38
18.57%
HK:0595
AV Concept Holdings Limited
1.10
0.72
189.47%
HK:1362
SiS Mobile Holdings Limited
0.84
0.48
133.33%
HK:6036
Apex Ace Holding Ltd.
1.30
0.88
205.88%
Cogobuy Group Corporate Events
Ingdan Shareholders Back All AGM Resolutions, Granting Broad Capital Mandates
Jun 5, 2026
Shareholders of Ingdan, Inc. overwhelmingly approved all resolutions at the company’s annual general meeting held on June 5, 2026, including the adoption of 2025 financial statements and the re-election of independent non-executive directors...
Ingdan’s First-Quarter Revenue Surges on AI and Robotics Demand
May 12, 2026
Ingdan, Inc. reported unaudited first-quarter 2026 revenue of about RMB6.03 billion, up 125.6% year on year, with technical solutions, distribution and proprietary products contributing 44.7%, 54.8% and 0.5% respectively. Operating profit rose 51....
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.