Starlite Holdings Limited (0403) AI Stock Analysis

• Market Cap: HK$98.12M
• Dividend Yield: 12.89%
• Average Volume (3M): 486.20K
• Price to Earnings (P/E): 5.2
• Beta (1Y): 0.23
• Revenue Growth: 7.25%
• EPS Growth: -256.40%
• Country: HK
• Employees: 2,600
• Sector: Real Estate
• Sector Strength: 55
• Industry: Packaging & Containers
• EPS (TTM): -0.07
• Shares Outstanding: 500,633,300
• 10 Day Avg. Volume: 417,800
• 30 Day Avg. Volume: 486,200
• 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: 1

• Rating: 54 Neutral
• Price Target: HK$0.00 ▼(-100.00% Downside)

Starlite Holdings Limited's stock score is primarily influenced by its financial performance challenges, particularly in profitability and cash flow management. The technical analysis suggests a stable but limited upward trend, while the high dividend yield is a positive aspect for valuation. However, the negative P/E ratio underscores ongoing profitability issues.

Starlite Holdings Limited Business Overview & Revenue Model

Company Description

Starlite Holdings Limited (0403) is a diversified investment holding company based in Hong Kong, primarily engaged in the sectors of property development, investment, and management. The company focuses on developing residential and commercial properties, as well as offering property management services. Additionally, Starlite Holdings is involved in other investments that complement its core real estate business, providing a balanced portfolio aimed at generating sustainable growth and returns.

How the Company Makes Money

Starlite Holdings Limited generates revenue primarily through the sale and leasing of residential and commercial properties. The company earns significant income from its property development projects, where it creates and sells new real estate assets. Furthermore, Starlite Holdings receives ongoing revenue from property management services, catering to both residential and commercial clients. Key revenue streams also include rental income from properties held in its investment portfolio. The company may also engage in joint ventures and partnerships with other developers or investors, which can enhance its financial performance by sharing risks and accessing new markets.

Starlite Holdings Limited Financial Statement Overview

Summary

Starlite Holdings Limited presents a mixed financial performance. The income statement shows improved profitability with better margins but faces challenges with a 9.57% decline in revenue. The balance sheet is strong, characterized by low debt and high equity, ensuring financial stability. However, cash flow management is concerning, with free cash flow turning negative, indicating potential liquidity issues.

Income Statement

Starlite Holdings Limited shows improving profitability with a notable increase in gross profit margin to 20.51% from 16.83% a year ago. Net profit margin improved to 2.09% from 0.70%, indicating better cost management. However, the revenue has declined by 9.57% year-over-year, impacting overall growth prospects. The company also demonstrated a positive turnaround in EBIT and EBITDA margins, suggesting effective operational management.

Balance Sheet

The balance sheet is strong with a debt-to-equity ratio of 0.11, reflecting low leverage and conservative financial management. The equity ratio stands at 70.06%, indicating a solid equity base. Return on equity improved to 2.79% from 1.01%, showing enhanced shareholder returns. The overall stability of the company's financial position is robust, supported by healthy equity levels.

Cash Flow

Cash flow analysis reveals challenges with a decline in free cash flow from 38.90M to -4.75M, showcasing significant spending or operational cash constraints. Operating cash flow decreased substantially, impacting the operating cash flow to net income ratio. Despite these challenges, the company has shown capability in managing financing and investing activities.

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: 0.19
• 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 0.19 is below the 20-day moving average (MA) of 0.19, 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 49.23 is Neutral, neither overbought nor oversold. The STOCH value of 17.65 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
1008	66 Neutral	HK$454.69M	5.64	3.68%	13.79%	1.23%	―
6898	64 Neutral	HK$755.77M	40.93	17.56%	0.71%	-3.27%	-16.88%
0403	54 Neutral	HK$98.12M	5.21	-4.47%	12.89%	7.25%	-256.40%
Sector *	53 Neutral	$1.23B	2.98	-2.60%	5.79%	-2.13%	-151.64%
1820	46 Neutral	HK$959.02M	416.67	-3.49%	2.51%	4.56%	-186.08%
0252	45 Neutral	HK$362.93M	21.50	-2.27%	1.86%	20.54%	-145.32%

Starlite Holdings Limited Corporate Events

Starlite Holdings Limited Announces 2025 AGM and Key Resolutions

Starlite Holdings Limited has announced its 2025 Annual General Meeting (AGM) to be held on August 27, 2025, at The Ritz-Carlton in Hong Kong. The AGM will address several key agenda items, including the adoption of audited accounts, re-election of directors, and re-appointment of auditors. Additionally, the company will consider resolutions to authorize directors to allot and issue additional shares, potentially impacting the company’s capital structure and shareholder value.

Starlite Holdings Announces AGM Details for August 2025

Starlite Holdings Limited has announced that its annual general meeting (AGM) will be held on August 27, 2025, at The Ritz-Carlton in Hong Kong. To determine eligibility for attendance and voting, the company’s Register of Members will be closed from August 22 to August 27, 2025, during which no share transfers will be registered. Shareholders must ensure that their share transfers are lodged with the company’s branch share registrar by August 21, 2025. A circular with details of the AGM resolutions will be dispatched to shareholders in due course.

Starlite Holdings Reports Annual Loss Amid Rising Costs

Starlite Holdings Limited reported its annual financial results for the year ending March 31, 2025, revealing a challenging year with a net loss of HK$27.3 million, compared to a profit of HK$17 million the previous year. The company’s revenue increased to HK$895.3 million from HK$834.7 million, but higher costs and impairment losses led to an operating loss, impacting its financial performance and potentially affecting its market positioning.

Starlite Holdings Issues Profit Warning Amid US Tariff Impact

Starlite Holdings Limited has issued a profit warning, indicating a significant financial downturn for the fiscal year ending March 31, 2025. The company anticipates a loss of up to HK$28 million, contrasting with a profit of HK$17 million in the previous year. This downturn is attributed to decreased orders from the US due to tariffs, increased losses in the Team Green division from higher promotional costs and sales network expansion, and an impairment loss on an investment property. Stakeholders are advised to exercise caution, as the financial results are preliminary and subject to adjustments.

Starlite Holdings to Announce Year-End Financial Results and Dividend Proposal

Starlite Holdings Limited has announced that its Board of Directors will convene on June 27, 2025, to approve the final results for the fiscal year ending March 31, 2025, and to propose a final dividend. This meeting is significant as it will determine the company’s financial performance and potential shareholder returns, impacting its market positioning and stakeholder interests.

Starlite Holdings Updates 2024 Annual Report with Share Option Details

Starlite Holdings Limited has issued a supplemental announcement to its 2024 Annual Report, focusing on the Share Option Scheme. The company disclosed that the number of options available for grant under the 2022 Share Option Scheme remained at 51,463,528 at both the beginning and end of the financial year ending March 31, 2024. This update does not alter any other information in the annual report and is intended to provide additional clarity to stakeholders.