TacticScaleWhat Ligent Technologies Does & How It Makes Money (9856.HK)
Updated October 2026 · reflects Ligent Technologies's latest reported financials
Chinese maker of optical transceivers, laser chips, and broadband network terminals. It earns revenue by developing, manufacturing, and selling optical transceivers, optical chips, and optical network terminals to customers in China, the rest of Asia, North America, and Europe.
How Ligent Technologies makes money
It earns revenue by developing, manufacturing, and selling optical transceivers, optical chips, and optical network terminals to customers in China, the rest of Asia, North America, and Europe.
What Ligent Technologies does
Ligent Technologies, formerly Hisense Broadband, is a Qingdao-based optical communications company founded in 2009, renamed in November 2025. It develops, manufactures, and sells optical transceivers, optical chips, and optical network terminals, with its own DFB and EML laser chips, including high-power continuous-wave DFB lasers. Its products cover several markets: high-speed transceivers for AI and cloud data centers, pluggable coherent transceivers for data center interconnect, storage and HPC transceivers, PON OLT modules for broadband access and 5G fronthaul, and ONTs for home broadband and wireless coverage. It sells to customers in China, the rest of Asia, North America, and Europe.
Products & services
- Optical transceivers for AI and cloud
- DFB and EML laser chips
- Pluggable coherent transceivers for data center interconnect
- PON OLT modules (SFP-DD, QSFP)
- Optical network terminals (ONTs)
- Storage and HPC transceivers
What is Ligent Technologies worth?
On an owner-earnings DCF, Ligent Technologies's most-likely value is about HK$44 versus a recent price near HK$30 (33% below fair value). But TacticScale only calls a stock undervalued when the price sits below its conservative no-growth floor (~HK$11) with a margin of safety — so the honest verdict here is “Fairly priced — no edge.” Fair value earns its keep only at the extremes, not in the wide middle.
Price sits in the normal range — fair value isn't actionable here; it earns its keep only when price drops below the no-growth floor, or runs to roughly double the optimistic case.
Analysis, not advice. Fair value is a margin-of-safety estimate from a deterministic owner-earnings DCF, not a price target or recommendation. See the full breakdown →
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