Starlite Holdings Limited (0403) AI Stock Analysis

• Market Cap: HK$93.62M
• Dividend Yield: 14.53%
• Average Volume (3M): 551.60K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.21
• Revenue Growth: -7.65%
• EPS Growth: -456.37%
• Country: HK
• Employees: 2,600
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Packaging & Containers
• EPS (TTM): -0.06
• Shares Outstanding: 500,633,300
• 10 Day Avg. Volume: 359,600
• 30 Day Avg. Volume: 551,600
• PEG Ratio: 0.02
• Price to Book (P/B): 0.19
• Price to Sales (P/S): 0.12
• P/FCF Ratio: -11.96
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 51 Neutral
• Price Target: HK$0.18 ▲(7.65% Upside)

Starlite Holdings Limited's overall stock score is primarily influenced by its financial performance and technical analysis. The company faces significant profitability and cash flow challenges, which are reflected in its financial performance score. The technical indicators suggest a bearish trend, further impacting the score. The high dividend yield provides some valuation appeal, but the negative P/E ratio highlights ongoing profitability issues.

Positive Factors

Stable Balance Sheet

A stable balance sheet indicates solid capital structure, which can support long-term growth and provide resilience against market fluctuations.

Revenue Growth

Consistent revenue growth suggests effective market strategies and product demand, supporting long-term business expansion and shareholder value.

Improved Leverage Management

Improved leverage management reduces financial risk, enhances creditworthiness, and increases the company's ability to invest in growth opportunities.

Negative Factors

Profitability Issues

Ongoing profitability issues can hinder reinvestment in the business, affect dividend sustainability, and reduce investor confidence over time.

Cash Flow Challenges

Negative cash flow growth limits the company's ability to fund operations, invest in new projects, and meet financial obligations, impacting long-term stability.

Decreasing Gross Profit Margin

A declining gross profit margin indicates cost management issues, which can erode profitability and competitiveness if not addressed.

Starlite Holdings Limited Business Overview & Revenue Model

Company Description

Starlite Holdings Limited (0403) is a diversified investment holding company based in Hong Kong. The company operates across several sectors, primarily focusing on property investment, financial services, and manufacturing. Starlite Holdings is known for its strategic investments in real estate, which include both residential and commercial properties, alongside its ventures in financial markets and manufacturing operations, particularly in the production of consumer goods.

How the Company Makes Money

Starlite Holdings generates revenue through multiple streams, with its primary income coming from rental income derived from its property investments. The company holds a portfolio of commercial and residential properties that provide consistent cash flow. Additionally, Starlite engages in financial services, earning fees and commissions from investment activities and advisory services. Its manufacturing segment contributes to revenue by producing and selling consumer products, which adds to its diversified income. Strategic partnerships with local and international firms enhance its market reach and operational capabilities, further supporting its revenue generation.

Starlite Holdings Limited Financial Statement Overview

Summary

Starlite Holdings Limited faces challenges in profitability and cash flow management, despite some improvements in leverage. The income statement and cash flow scores are low due to negative net profit margins and volatile cash flows. The balance sheet is more stable, but overall financial health needs improvement.

Income Statement

Starlite Holdings Limited has experienced fluctuating revenue growth, with a slight increase in the latest year. However, the company has struggled with profitability, as indicated by negative net profit and EBIT margins. The gross profit margin has decreased over the years, reflecting challenges in maintaining cost efficiency.

Balance Sheet

The company's debt-to-equity ratio has improved, indicating better leverage management. However, the return on equity has been negative recently, highlighting profitability issues. The equity ratio remains stable, suggesting a solid capital structure despite profitability challenges.

Cash Flow

Starlite Holdings Limited has faced significant volatility in free cash flow, with negative growth in the latest year. The operating cash flow to net income ratio is low, reflecting challenges in converting earnings into cash. The free cash flow to net income ratio is negative, indicating cash flow issues.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	883.66M	895.31M	834.75M	923.24M	1.05B	1.06B
Gross Profit	173.54M	134.83M	171.21M	155.38M	89.19M	158.84M
EBITDA	58.38M	23.39M	71.43M	60.47M	415.66M	-29.77M
Net Income	17.81M	-26.93M	17.42M	6.48M	357.47M	-98.53M
Balance Sheet
Total Assets	936.55M	842.01M	891.44M	953.49M	1.04B	1.02B
Cash, Cash Equivalents and Short-Term Investments	167.87M	198.85M	217.63M	251.78M	285.62M	275.25M
Total Debt	44.64M	78.79M	68.46M	93.11M	147.39M	319.93M
Total Liabilities	291.69M	262.43M	266.35M	309.36M	368.83M	666.28M
Stockholders Equity	644.70M	579.66M	624.75M	643.37M	670.64M	353.22M
Cash Flow
Free Cash Flow	-46.58M	-9.21M	-4.75M	38.90M	-218.16M	-222.36M
Operating Cash Flow	-7.10M	8.98M	39.81M	87.53M	-110.30M	-91.02M
Investing Cash Flow	-35.38M	-15.77M	-30.33M	-58.62M	190.59M	-106.36M
Financing Cash Flow	-42.91M	-5.70M	-30.69M	-66.81M	-85.63M	204.22M

Starlite Holdings Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.17
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0403, the sentiment is Negative. The current price of 0.17 is below the 20-day moving average (MA) of 0.18, below the 50-day MA of 0.19, and below the 200-day MA of 0.19, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 31.43 is Neutral, neither overbought nor oversold. The STOCH value of -1.28 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0403.

Starlite Holdings Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
1451	75 Outperform	HK$228.49M	4.92	21.87%	22.22%	41.20%	75.40%
1008	65 Neutral	HK$341.80M	6.25	2.33%	18.35%	2.14%	―
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
6898	58 Neutral	HK$670.27M	42.01	13.20%	0.58%	-2.08%	-23.18%
0403	51 Neutral	HK$93.62M	-3.48	-10.45%	14.53%	-7.65%	-456.37%
1820	46 Neutral	HK$748.57M	―	-5.51%	3.20%	3.51%	-950.83%
0252	45 Neutral	HK$360.67M	―	-2.11%	1.87%	19.02%	-236.72%

Starlite Holdings Limited Corporate Events

Starlite Holdings Limited Strengthens Board Diversity and Independence

Starlite Holdings Limited has outlined the terms of reference for its Nomination Committee, emphasizing its commitment to maintaining a diverse and independent board structure. The committee will consist of at least five members, including a majority of Independent Non-Executive Directors, and will meet at least annually to review the board’s composition and make recommendations to align with the company’s corporate strategy.

Starlite Holdings Limited Announces Successful AGM with All Resolutions Passed

Starlite Holdings Limited held its Annual General Meeting on August 27, 2025, where all proposed resolutions were passed with overwhelming support. The resolutions included the adoption of audited accounts, re-election of directors, authorization for the Board to fix director remuneration, and the re-appointment of auditors. Additionally, mandates were granted to the directors to allot, issue, and buy back shares, reflecting strong shareholder confidence in the company’s governance and strategic direction.