1184.HK
Strong BuyFull HouseAI neutralS.A.S. Dragon Holdings Limited · Technology · Hong Kong · $648M
HKD 7.99 -0.4% · close 6 Oct · scored 7 Oct
Full House: Strong business, sensible price, market agrees. The rare full house.
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S.A.S. Dragon Holdings distributes electronic components, semiconductors, and display panels across Greater China. Despite enjoying robust headline revenue momentum during tech hardware upcycles, third-party distribution is an asset-heavy, razor-thin operating margin model that lacks proprietary intellectual property or structural pricing power.
ABOUT S.A.S. DRAGON HOLDINGS LIMITED
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S.A.S. Dragon Holdings Limited is a leading distributor of electronic components, including semiconductors, display panels, and mobile phone accessories, across the Asia-Pacific region. The company's competitive moat lies in its extensive distribution network and long-term partnerships with top-tier global component manufacturers like Foxconn and Sharp. It operates as a scale-driven distributor, serving as a critical supply chain intermediary for consumer electronics manufacturers.
FINANCIAL SUMMARY (HKD)
| Year | 2022 | 2023 | 2024 | 2025 | CAGR | TTM |
|---|---|---|---|---|---|---|
| Revenue | 25.0B | 22.4B | 27.8B | 30.5B | 6.9% | 51.3B |
| EPS (HKD) | 0.64 | 0.65 | 0.80 | 0.89 | 11.6% | 1.77 |
| Shares | 625.8M | 625.8M | 625.8M | 625.8M | 0.0% | 625.8M |
| Debt | 1.6B | 1.1B | 2.4B | 2.7B | 18.7% | 5.5B |
| Equity | 2.5B | 2.6B | 2.9B | 3.2B | 9.0% | — |
| Op CF | 995.3M | 1.0B | 552.8M | 809.8M | -6.6% | -4.9B |
| Inv CF | -5.8M | 38.2M | 12.9M | 106.6M | — | — |
| Fin CF | -1.3B | -928.5M | 781.7M | -79.8M | — | — |
Swung more than 51% of stocks we rank over the past year (42% a year).
How this is worked out
What it measures: day-to-day price moves over the past year, as a yearly figure, ranked against every stock we cover. Very calm under 20% a year, Calm 20 to 30%, Average 30 to 40%, Bumpy 40 to 55%, Very bumpy above that.
What we found: across about 13,500 stocks in 34 markets (2002 to 2025), past swings were a good guide to the next year's, and bumpier stocks fell further. How much further changed too much between eras to put a number on it.
Calm is not safe: a calm stock can still slide steadily.
Rules fixed before any data was fetched. Describes the chart, not a recommendation.
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Technology, ranked by industry match, size, and score similarity. Cross-listings of 1184.HK are excluded.
| Ticker | Company | Mkt Cap | StockRank | Signal |
|---|---|---|---|---|
| 1184.HK | S.A.S. Dragon Holdings Limited(you) | $648M | 100 | Strong Buy |
| 2166.HK | Smart-Core Holdings Limited | $252M | 92 | Strong Buy |
| 6036.HK | Apex Ace Holding Limited | $164M | 94 | Strong Buy |
| 0854.HK | Willas-Array Electronics (Holdings) Limited | $73M | 95 | Strong Buy |
| 0595.HK | AV Concept Holdings Limited | $129M | 67 | Buy |
| 3991.HK | Changhong Jiahua Holdings Limited | $113M | 61 | Hold |
| 1523.HK | Plover Bay Technologies Limited | $1.0B | 93 | Strong Buy |
| 9911.HK | Newborn Town Inc. | $1.6B | 98 | Strong Buy |
| 0710.HK | BOE Varitronix Limited | $392M | 89 | Strong Buy |
| 0856.HK | VSTECS Holdings Limited | $1.6B | 92 | Strong Buy |
Peer medians: ROE 4.3% · P/E 12.5x · Gross margin 17.6%
Company Deep Dive
Business segments breakdown, earnings transcript analysis, management credibility scoring, competitive landscape, and scenario modelling.