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Cogobuy Group (0400) AI Stock Analysis

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HK:0400

Cogobuy Group

(HKEX:0400)

Select Model
Rating:50.5Neutral
Price Target:HKD 3.50â–²(6.87% Upside)
Action:reiterated
Date:10/11/26

The overall score is constrained mainly by weak financial quality: strong revenue growth is undermined by margin compression, rising leverage, and negative operating and free cash flow, which raise concerns about sustainability and potential reliance on external financing. Technical indicators offer moderate support, with the price holding above key medium- and long-term moving averages and neutral momentum suggesting a consolidating uptrend rather than clear strength or weakness. Valuation, based solely on a mid-teens P/E and no dividend information, appears acceptable but not compelling, so the rating is driven primarily by financial risks with only modest offset from price action and neutral valuation.

Positive Factors
Revenue GrowthAccelerating revenue growth indicates improving top-line momentum and broader business activity. If sustained, this expansion can support operating scale, strengthen the company’s position in electronics distribution, and create a larger base from which future earnings can develop.
Negative Factors
Margin CompressionPersistent gross-margin compression and a lower net margin reduce the earnings captured from each unit of revenue. This leaves limited protection against pricing or cost pressure, making future profit growth more dependent on substantial volume expansion and disciplined cost control.

Cogobuy Group (0400) vs. iShares MSCI Hong Kong ETF (EWH)

-50%-25%0%25%50%75%100%125%HK:0400+19.09%EWH+7.37%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
HKD 5.35B
Dividend Yield
―
Average Volume (3M)
3.92M
Price to Earnings (P/E)
12.6
Beta (1Y)
0.30
Revenue Growth
81.43%
EPS Growth
65.90%
Country
Hong Kong
Employees
577
Sector
Technology
Sector Strength
61
Industry
Technology Distributors

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 integrated c...

How the Company Makes Money

Publicly verifiable, up-to-date details on Cogobuy Group’s current revenue model, revenue breakdown, and significant partnerships are not available from the information provided here. null

Cogobuy Group Financial Statement Overview

Summary

Strong revenue growth to HK$14.8 billion and a 139% increase over five years are overshadowed by compressing net and gross margins, rising debt-to-equity to 0.61, and critically weak cash flow with negative operating and free cash flow, indicating material financial stress despite positive net income.

Income Statement

62Positive

Balance Sheet

55Neutral

Cash Flow

28Negative
Financial statement breakdown
BreakdownTTMMar 2026Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue21.79B15.21B10.13B8.86B9.54B9.45B
Gross Profit1.32B1.10B889.46M1.03B1.11B933.38M
EBITDA883.33M677.62M613.35M742.29M814.50M830.75M
Net Income361.91M214.76M189.85M210.70M314.41M296.15M
Balance Sheet
Total Assets14.47B10.96B9.61B10.20B9.71B7.78B
Cash, Cash Equivalents and Short-Term Investments1.63B1.27B618.23M437.78M682.42M137.29M
Total Debt4.38B2.65B1.90B1.63B918.65M448.54M
Total Liabilities9.71B6.18B5.20B5.68B5.25B3.24B
Stockholders Equity4.26B4.34B3.85B3.99B4.03B4.15B
Cash Flow
Free Cash Flow-1.39B-148.60M101.02M-741.37M387.98M-579.66M
Operating Cash Flow-1.34B-93.46M132.01M-573.34M658.47M-444.97M
Investing Cash Flow-168.98M-423.10M-60.54M-244.21M-422.62M-196.49M
Financing Cash Flow1.79B719.00M86.55M574.82M271.91M395.99M

Cogobuy Group Technical Analysis

Technical Analysis SentimentNegative
Last Price3.27

Price Trends

50DMA4.19Negative
100DMA4.27Negative
200DMA3.70Negative

Market Momentum

MACD-0.29Positive
RSI30.57Neutral
STOCH21.67Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0400, the sentiment is Negative. The current price of 3.27 is below the 20-day moving average (MA) of 3.88, below the 50-day MA of 4.19, and below the 200-day MA of 3.70, indicating a bearish trend. The MACD of -0.29 indicates Positive momentum. The RSI at 30.57 is Neutral, neither overbought nor oversold. The STOCH value of 21.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0400.

Cogobuy Group Peers Comparison

Overall Rating

UnderperformOutperform
Sector (61)

Financial Indicators

HK:0400 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
HK:1362HK:136274OutperformHKD 231.00M22.125.93%1.21%-32.77%337.65%
HK:0856HK:085666NeutralHKD 11.05B6.4116.01%5.43%10.80%37.32%
Sector *61Neutral$37.18B12.37-10.20%1.83%8.50%-7.62%
HK:0595HK:059560NeutralHKD 1.07B4.7112.36%1.64%12.17%331.64%
HK:0529HK:052957NeutralHKD 465.59M9.591.66%1.24%6.08%-86.65%
HK:6036HK:603651NeutralHKD 897.72M4.5648.03%―132.39%1195.68%
HK:0400HK:040051NeutralHKD 5.35B12.588.41%―81.43%65.90%

* Technology Sector Average

Performance Comparison

0%100%200%300%HK:0400HK:0529HK:0856HK:0595HK:1362HK:6036Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
HK:0400 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
HK:0400Cogobuy Group3.270.4415.72%
HK:0529SiS International Holdings 1.68-0.30-15.06%
HK:0856VSTECS Holdings Limited7.70-1.58-17.06%
HK:0595AV Concept Holdings Limited1.220.82206.53%
HK:1362SiS Mobile Holdings Limited0.820.3468.71%
HK:6036Apex Ace Holding Ltd.0.830.4091.95%

Cogobuy Group Corporate Events

Ingdan, Inc. doubles revenue as AI chip ecosystem strategy boosts interim profits

Aug 31, 2026

Ingdan, Inc. reported a sharp improvement in interim financial performance for the six months to June 30, 2026, with revenue nearly doubling to RMB 13.25 billion and gross profit rising 36.5% year on year. Profit attributable to equity shareholders j...

Ingdan Secures Over US$1 Billion in AI Token Factory Service Contracts

Aug 24, 2026

Ingdan, Inc. has signed formal service contracts for previously announced intent orders tied to its AI Token Factory business, locking in expected aggregate service fee revenue of more than US$1 billion over the next five years. Service delivery is s...

Ingdan Sets Board Meeting to Review Interim Results and Potential Dividend

Aug 19, 2026

Ingdan, Inc., a Cayman Islands-incorporated company listed on the Hong Kong Stock Exchange under stock code 400, operates in the technology and innovation space through a network of subsidiaries. The group is governed by a board led by Chairman and C...

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.

Date of analysis: Oct 11, 2026