Silver Tide Holdings Limited (1943) AI Stock Analysis

• Market Cap: HK$370.00M
• Dividend Yield: N/A
• Average Volume (3M): 3.19M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.29
• Revenue Growth: -42.46%
• EPS Growth: -798.48%
• Country: HK
• Employees: 34
• Sector: Basic Materials
• Sector Strength: 63
• Industry: Construction Materials
• EPS (TTM): -0.06
• Shares Outstanding: 1,000,000,000
• 10 Day Avg. Volume: 3,372,000
• 30 Day Avg. Volume: 3,192,333
• PEG Ratio: -0.72
• Price to Book (P/B): 3.32
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -15.75
• 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: N/A
• Number of Analyst Covering: 0

• Rating: 48 Neutral
• Price Target: ―

Silver Tide Holdings Limited's stock score is primarily weighed down by its financial performance, characterized by revenue growth overshadowed by declining margins and net losses. The strong balance sheet with low leverage is a positive factor, yet overall profitability and cash flow management need significant improvement. The technical analysis shows some short-term positive signals but indicates longer-term weakness. The valuation remains unattractive due to a negative P/E ratio and lack of dividends.

Silver Tide Holdings Limited Business Overview & Revenue Model

Company Description

Silver Tide Holdings Limited, an investment holding company, provides construction services for the public and private sectors in Hong Kong. The company operates as a subcontractor primarily providing formwork work services, including traditional formwork using timber and plywood; system formwork using aluminum and steel; and ancillary works, such as concrete works and reinforcement works. It also undertakes other construction works comprising plastering and A&A works; and other miscellaneous works, such as reinforcement bar fixing and concrete placing. The company also engages in securities dealing and broking activities. The company was founded in 1990 and is headquartered in Mong Kok, Hong Kong. Silver Tide Holdings Limited is a subsidiary of Silver Tide Enterprises Limited.

How the Company Makes Money

Silver 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.

Breakdown	TTM	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020
Income Statement
Total Revenue	301.40M	452.67M	372.09M	340.08M	437.18M	437.78M
Gross Profit	-24.72M	18.30M	41.77M	-20.49M	17.62M	8.82M
EBITDA	-87.99M	-26.25M	22.08M	-25.99M	31.41M	-5.15M
Net Income	-92.24M	-32.09M	4.97M	-33.84M	14.13M	-13.66M
Balance Sheet
Total Assets	176.81M	265.37M	307.86M	282.72M	296.92M	277.40M
Cash, Cash Equivalents and Short-Term Investments	24.40M	98.14M	74.78M	66.20M	77.27M	120.96M
Total Debt	438.00K	996.00K	761.00K	5.63M	4.24M	15.94M
Total Liabilities	55.50M	81.52M	91.75M	71.58M	51.93M	46.54M
Stockholders Equity	121.30M	183.84M	216.11M	211.14M	244.99M	230.86M
Cash Flow
Free Cash Flow	-65.57M	13.71M	18.38M	-7.83M	-26.74M	-1.27M
Operating Cash Flow	-64.48M	15.42M	25.34M	-5.03M	-8.26M	17.08M
Investing Cash Flow	14.27M	18.53M	-7.66M	-38.79M	-22.50M	-18.29M
Financing Cash Flow	12.14M	12.16M	3.56M	-2.48M	-12.93M	86.05M

Silver Tide Holdings Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.37
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

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 0.37 is below the 20-day moving average (MA) of 0.38, above the 50-day MA of 0.32, and above the 200-day MA of 0.28, indicating a bullish trend. The MACD of 0.02 indicates Positive momentum. The RSI at 54.63 is Neutral, neither overbought nor oversold. The STOCH value of 26.88 is Neutral, 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
1496	70 Neutral	HK$122.69M	12.83	4.87%	4.66%	12.88%	15.45%
1971	66 Neutral	HK$174.30M	11.20	1.61%	―	-5.39%	8.07%
Sector *	62 Neutral	$9.84B	9.25	-0.43%	3.02%	2.17%	-35.02%
8320	57 Neutral	HK$76.07M	―	-14.20%	―	-3.68%	-136.36%
1726	55 Neutral	HK$1.67B	―	-62.57%	―	37.20%	5.04%
1163	51 Neutral	HK$123.90M	―	-2.14%	―	0.82%	54.74%
1943	48 Neutral	HK$370.00M	―	-55.06%	―	-42.46%	-798.48%

Silver Tide Holdings Limited Corporate Events

Silver Tide Holdings Delays Dispatch of Composite Document for Cash Offer

Silver Tide Holdings Limited has announced a delay in the dispatch of the Composite Document related to a mandatory unconditional cash offer by Silverbricks Securities Company Limited on behalf of Jianeng Era International Trading Co., Limited to acquire all issued shares of King’s Stone Holdings Group Limited. The delay is due to the need for additional time to finalize the document’s contents, including financial advisories and statements, with a new dispatch date set for 26 May 2025. This extension has been approved by the Executive, and further announcements will be made regarding the timing of the document’s release.

Silver Tide Holdings Delays Dispatch of Composite Document for Mandatory Offer

Silver Tide Holdings Limited has announced a delay in the dispatch of the composite document related to a mandatory unconditional cash offer by Silverbricks Securities Company Limited on behalf of Jianeng Era International Trading Co., Limited to acquire all issued shares of King’s Stone Holdings Group Limited, excluding those already owned or agreed to be acquired. The delay is due to the need for additional time to finalize information, including financial adviser’s letters and financial statements, with the new dispatch date set for 26 May 2025. This extension has been approved by the Executive, and further announcements will be made regarding the timing of the document’s dispatch.

King’s Stone Holdings Appoints Capital 9 as Financial Adviser for Offer Evaluation

King’s Stone Holdings Group Limited has announced the appointment of Capital 9 Limited as the Independent Financial Adviser to guide the Independent Board Committee and Independent Shareholders regarding the terms and acceptance of an Offer related to a Sale and Purchase Agreement. This strategic move is expected to enhance the company’s decision-making process concerning the Offer, potentially impacting its market positioning and shareholder interests.

Silver Tide Holdings Announces Major Share Acquisition in King’s Stone Holdings

Silver Tide Holdings Limited has announced the completion of a significant transaction involving the sale and purchase of shares in King’s Stone Holdings Group Limited. The transaction, which involves Jianeng Era International Trading Co., Limited acquiring 75% of the issued share capital of King’s Stone Holdings, triggers a mandatory unconditional cash offer for the remaining shares. This move positions Jianeng Era as a major stakeholder in King’s Stone Holdings, potentially impacting the company’s future operations and market strategy.

King’s Stone Holdings Announces Trading Halt Amid Inside Information Disclosure

King’s Stone Holdings Group Limited, a company incorporated in the Cayman Islands, has announced a trading halt on its shares on the Hong Kong Stock Exchange. This halt, effective from March 20, 2025, is pending the release of an announcement related to the Hong Kong Code on Takeovers and Mergers, which contains inside information about the company. The halt indicates significant corporate activity that could impact the company’s market position and stakeholders.