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Silver Tide Holdings Limited (HK:1943)
:1943
Hong Kong Market

Silver Tide Holdings Limited (1943) AI Stock Analysis

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HK:1943

Silver Tide Holdings Limited

(1943)

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Neutral 44 (OpenAI - 5.2)
Rating:44Neutral
Price Target:
HK$0.62
▲(19.42% Upside)
The score is primarily held down by sharply deteriorating financial performance and deeply negative cash flow in the latest year, despite the low-debt balance sheet. Technical signals are mixed and do not offset the weak fundamentals, and valuation metrics are impaired by ongoing losses and the absence of a dividend yield.
Positive Factors
Low Debt Levels
The company's low debt levels provide financial flexibility and reduce the risk of financial distress, allowing it to better navigate economic downturns and invest in growth opportunities.
Share Placement for Growth
The share placement indicates strategic initiatives to expand into energy storage and industrial upgrades, potentially enhancing future revenue streams and market positioning.
Employee Incentive Alignment
Aligning employee incentives with shareholder interests through share options can enhance productivity and retention, supporting long-term operational stability and growth.
Negative Factors
Revenue Decline
A significant drop in revenue indicates challenges in maintaining market share and competitive positioning, which could impact long-term profitability and growth prospects.
Negative Cash Flow
Persistent negative cash flow suggests difficulty in self-funding operations, raising liquidity concerns and potentially limiting the company's ability to invest in growth.
Equity Erosion
Erosion of equity due to ongoing losses undermines financial stability and reduces the buffer against future economic challenges, impacting long-term resilience.

Silver Tide Holdings Limited (1943) vs. iShares MSCI Hong Kong ETF (EWH)

Silver Tide Holdings Limited Business Overview & Revenue Model

Company DescriptionKing’s Stone Holdings Group Ltd. is an investment holding company, which engages in the provision of formwork. It operates through the Construction Services and Dealing abd Broking segments. Its formworks include traditional formwork using timber and plywood; and system formwork using aluminium and steel. The company was founded on July 24, 2018 and is headquartered in Hong Kong.
How the Company Makes MoneySilver Tide Holdings Limited generates revenue by providing marine construction services to clients, including government agencies and private sector entities involved in port and harbor development. The company earns money through contracts for dredging operations, land reclamation projects, and the construction of maritime infrastructure such as piers, jetties, and breakwaters. Revenue is primarily driven by the successful bidding on large-scale projects, which often involve long-term partnerships with public and private sector stakeholders. The company's earnings are influenced by its ability to deliver projects efficiently and its reputation for quality work, which helps secure future contracts.

Silver Tide Holdings Limited Financial Statement Overview

Summary
Silver Tide Holdings Limited shows mixed financial health with significant revenue growth offset by declining margins and net losses. The balance sheet is strong with low leverage, but the company needs to improve profitability and cash flow management to ensure long-term sustainability.
Income Statement
The company shows a volatile income statement with fluctuating revenue and profitability. Revenue growth in 2024 was notable, increasing by 21.7% compared to 2023, but this was accompanied by a significant decline in gross and net profit margins. The gross profit margin dropped to 4.04% in 2024 from 11.22% in 2023, and the net profit margin turned negative at -7.09%. This indicates challenges in managing costs and achieving profitability.
Balance Sheet
The balance sheet reflects a solid equity position with an equity ratio of 69.26% in 2024, indicating a strong financial base. However, the return on equity is negative at -17.45% due to net losses, signaling inefficient use of equity capital. The debt-to-equity ratio remains low at 0.54%, suggesting low leverage and financial risk.
Cash Flow
The company experienced a decline in operating cash flow in 2024, but free cash flow remained positive. The operating cash flow to net income ratio was -0.48, reflecting challenges in converting income into cash. The free cash flow to net income ratio was positive at -0.43, indicating some ability to generate cash despite net losses.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue173.39M173.39M452.67M372.09M340.08M437.18M
Gross Profit-47.14M-47.14M18.30M41.77M-20.49M17.62M
EBITDA-97.43M-97.11M-26.25M22.08M-25.99M31.41M
Net Income-102.07M-102.07M-32.09M4.97M-33.84M14.13M
Balance Sheet
Total Assets146.39M146.39M265.37M307.86M282.72M296.92M
Cash, Cash Equivalents and Short-Term Investments9.67M9.67M98.14M74.78M66.20M77.27M
Total Debt0.000.00996.00K761.00K5.63M4.24M
Total Liabilities40.83M40.83M81.52M91.75M71.58M51.93M
Stockholders Equity105.56M105.56M183.84M216.11M211.14M244.99M
Cash Flow
Free Cash Flow-96.06M-96.06M13.71M18.38M-7.83M-26.74M
Operating Cash Flow-95.79M-95.79M15.42M25.34M-5.03M-8.26M
Investing Cash Flow2.77M2.77M18.53M-7.66M-38.79M-22.50M
Financing Cash Flow4.55M4.55M12.16M3.56M-2.48M-12.93M

Silver Tide Holdings Limited Technical Analysis

Technical Analysis Sentiment
Positive
Last Price0.52
Price Trends
50DMA
0.68
Negative
100DMA
0.73
Negative
200DMA
0.53
Positive
Market Momentum
MACD
-0.02
Negative
RSI
60.88
Neutral
STOCH
92.41
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1943, the sentiment is Positive. The current price of 0.52 is below the 20-day moving average (MA) of 0.56, below the 50-day MA of 0.68, and below the 200-day MA of 0.53, indicating a neutral trend. The MACD of -0.02 indicates Negative momentum. The RSI at 60.88 is Neutral, neither overbought nor oversold. The STOCH value of 92.41 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:1943.

Silver Tide Holdings Limited Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
61
Neutral
$10.43B7.12-0.05%2.87%2.86%-36.73%
54
Neutral
HK$493.68M-3.86-31.95%13.16%-20233.33%
53
Neutral
HK$112.00M-225.00-0.22%28.86%98.11%
51
Neutral
HK$240.14M-9.89-38.07%-44.67%18.67%
44
Neutral
HK$597.11M-11.17-52.20%-33.38%37.85%
44
Neutral
HK$68.28M-1.97-8.97%-11.49%-128.11%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
HK:1943
Silver Tide Holdings Limited
0.64
0.58
966.67%
HK:1847
YCIH Green High-Performance Concrete Co., Ltd. Class H
0.50
0.14
38.89%
HK:2187
Zhixin Group Holding Limited
0.70
0.13
22.81%
HK:2212
Future Bright Mining Holdings Ltd.
0.18
0.06
50.83%
HK:6193
Tailam Tech Construction Holdings Limited
0.27
0.08
42.11%

Silver Tide Holdings Limited Corporate Events

King’s Stone Holdings Sets Out Board and Committee Structure
Jan 13, 2026

King’s Stone Holdings Group Limited has announced the current composition of its board of directors, listing three executive directors led by Chairman and Chief Executive Officer He Xin, alongside three independent non-executive directors. The company also disclosed the structure of its key governance committees, confirming the respective chairmanships and memberships of the audit, remuneration and nomination committees, underscoring its emphasis on maintaining defined oversight roles and a formal corporate governance framework for shareholders and other stakeholders.

The most recent analyst rating on (HK:1943) stock is a Hold with a HK$0.47 price target. To see the full list of analyst forecasts on Silver Tide Holdings Limited stock, see the HK:1943 Stock Forecast page.

King’s Stone Vice Chairman Resigns, Board Stresses Leadership Continuity
Jan 12, 2026

King’s Stone Holdings Group Limited has announced the resignation of executive director and vice chairman of the board, Mr. Chiu Sui Keung, effective 13 January 2026, as he plans to dedicate more time to other commitments. The company emphasized that Mr. Chiu has no disagreement with the board and that there are no issues requiring shareholder attention in connection with his departure, suggesting that the change is not tied to governance disputes. The board expressed formal appreciation for his contributions, while the remaining leadership, headed by chairman and CEO He Xin, continues unchanged, signaling continuity in strategic and operational oversight for investors and other stakeholders.

The most recent analyst rating on (HK:1943) stock is a Hold with a HK$0.47 price target. To see the full list of analyst forecasts on Silver Tide Holdings Limited stock, see the HK:1943 Stock Forecast page.

King’s Stone Holdings Reports Improved Interim Financial Results
Nov 28, 2025

King’s Stone Holdings Group Limited, a company incorporated in the Cayman Islands, announced its interim financial results for the six months ending September 30, 2025. The company reported a revenue increase to HK$130,713,000 from HK$102,963,000 in the same period of the previous year, despite a loss of HK$17,738,000 from continuing operations. This marks an improvement from the previous year’s loss of HK$61,010,000. The results indicate a reduction in administrative expenses and finance costs, contributing to a narrower loss margin.

King’s Stone Holdings Reports Significant Reduction in Net Loss
Nov 24, 2025

King’s Stone Holdings Group Limited, a company incorporated in the Cayman Islands, has announced a significant reduction in its net loss for the six months ended 30 September 2025. The company’s net loss decreased from approximately HK$62.5 million in the same period in 2024 to approximately HK$17.7 million in 2025, driven by an increase in revenue and a decrease in administrative expenses. The announcement is based on unaudited management accounts and further details will be disclosed in the upcoming interim results announcement.

King’s Stone Holdings Schedules Board Meeting for Interim Results
Nov 18, 2025

King’s Stone Holdings Group Limited, a company incorporated in the Cayman Islands, has announced that its board of directors will meet on November 28, 2025. The meeting will focus on approving the unaudited interim results for the six months ending September 30, 2025, and considering the recommendation of an interim dividend. This announcement indicates the company’s ongoing commitment to transparency and shareholder engagement, potentially impacting investor confidence and market positioning.

King’s Stone Holdings Updates Share Grants to Comply with Regulations
Oct 23, 2025

King’s Stone Holdings Group Limited, a company listed on the Hong Kong Stock Exchange, has announced an update to its grants of share options and share awards. The company has adjusted the number of share options and awards granted to Ms. Zeng Jingwen, an executive director and controlling shareholder, to comply with regulatory requirements. This adjustment reduces her allocation to 900,000 share options and 100,000 share awards, ensuring it remains below the 0.1% threshold of the company’s issued shares. The changes have been approved by independent non-executive directors, and the overall number of shares available for future grants has increased to 79,000,000.

King’s Stone Holdings Announces Share Options and Awards
Oct 17, 2025

King’s Stone Holdings Group Limited, incorporated in the Cayman Islands, has announced the grant of share options and share awards under its share scheme. The company has issued options for 27,000,000 new ordinary shares and awards for 3,000,000 new shares, with the options exercisable over a 10-year period starting from October 2025. This move is part of the company’s strategy to incentivize and retain talent, potentially impacting its market positioning by aligning the interests of its employees with those of shareholders.

Silver Tide Holdings Completes Share Placement to Fund Energy Projects
Oct 14, 2025

Silver Tide Holdings Limited has announced the completion of placing new shares under a general mandate, resulting in the issuance of 28,970,000 shares at a price of HK$0.637 per share. This move represents approximately 2.81% of the company’s enlarged share capital. The proceeds, which amounted to approximately HK$17.87 million, are significantly lower than anticipated. The company plans to allocate these funds towards developing energy storage power station operations and upgrading industries in new construction industrial parks, as well as enriching general working capital. The company does not rule out the possibility of further fundraising activities in the future.

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: Jan 13, 2026