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Sky Light Holdings Limited
(3882)
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Rating:43Neutral
Price Target:
HK$0.46
▼(-29.69% Downside)
Action:Reiterated
Date:07/01/26
The score is primarily weighed down by weak financial performance—persistent losses, sharply higher leverage in 2025, and a return to cash burn. Technicals add a modest headwind as the stock trades below key longer-term moving averages, while valuation offers limited support due to negative earnings and no provided dividend yield.
Positive Factors
Stable gross margin
A steady gross margin (~17–21%) indicates durable unit economics in its service operations. That stability provides a structural cushion against revenue volatility: if management reduces overheads, steady unit margins can allow quicker recovery to operating profitability and sustainable cash generation over months.
Negative Factors
Persistent net losses
Continuous net losses across 2020–2025 have eroded retained earnings and reduced reinvestment capacity. Persistent unprofitability undermines return on invested capital, limits the firm's ability to self-fund growth or restructuring, and increases reliance on external financing for multi-month stability.
Read all positive and negative factors
Positive Factors
Negative Factors
Stable gross margin
A steady gross margin (~17–21%) indicates durable unit economics in its service operations. That stability provides a structural cushion against revenue volatility: if management reduces overheads, steady unit margins can allow quicker recovery to operating profitability and sustainable cash generation over months.
Read all positive factors
Sky Light Holdings Limited (3882) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$479.08M
Dividend YieldN/A
Average Volume (3M)909.30K
Price to Earnings (P/E)―
Beta (1Y)0.34
Revenue Growth-2.53%
EPS Growth40.67%
CountryHK
Employees764
SectorIndustrials
Sector Strength72
IndustrySecurity & Protection Services
Share Statistics
EPS (TTM)-0.04
Shares Outstanding1,008,587,460
10 Day Avg. Volume159,100
30 Day Avg. Volume909,300
Financial Highlights & Ratios
PEG Ratio0.44
Price to Book (P/B)65.98
Price to Sales (P/S)2.43
P/FCF Ratio-17.96
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Sky Light Holdings Limited Business Overview & Revenue Model
Company Description
Sky Light Holdings Limited functions as an investment holding enterprise, specializing in the conceptualization, production, and global distribution of diverse digital imaging solutions. Its extensive product portfolio encompasses devices such as ...
Sky Light Holdings Limited Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
12
Very Negative
Cash Flow
15
Very Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 288.92M | 296.41M | 321.68M | 417.08M | 715.09M |
| Gross Profit | 59.97M | 59.20M | 65.89M | 71.60M | 119.92M |
| EBITDA | -26.44M | -43.20M | -93.09M | 3.41M | 32.01M |
| Net Income | -39.16M | -66.00M | -81.50M | -25.13M | -3.85M |
Balance Sheet | |||||
| Total Assets | 281.53M | 255.92M | 317.94M | 541.65M | 494.24M |
| Cash, Cash Equivalents and Short-Term Investments | 69.70M | 43.83M | 40.68M | 89.40M | 106.96M |
| Total Debt | 113.25M | 43.18M | 51.53M | 85.12M | 62.42M |
| Total Liabilities | 258.86M | 198.43M | 232.79M | 251.82M | 273.27M |
| Stockholders Equity | 10.65M | 92.54M | 142.65M | 289.32M | 221.94M |
Cash Flow | |||||
| Free Cash Flow | -39.14M | 7.34M | -98.02M | 18.78M | -13.13M |
| Operating Cash Flow | -14.22M | 8.94M | -76.72M | 24.12M | 7.34M |
| Investing Cash Flow | -17.51M | -1.16M | -19.97M | 11.30M | -20.99M |
| Financing Cash Flow | 51.25M | -1.53M | 54.52M | -39.18M | 5.38M |
Sky Light Holdings Limited Technical Analysis
Neutral
0.65
Price Trends
0.48
Negative
0.50
Negative
0.62
Negative
Market Momentum
-0.01
Negative
58.13
Neutral
84.48
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:3882, the sentiment is Neutral. The current price of 0.65 is above the 20-day moving average (MA) of 0.45, above the 50-day MA of 0.48, and above the 200-day MA of 0.62, indicating a neutral trend. The MACD of -0.01 indicates Negative momentum. The RSI at 58.13 is Neutral, neither overbought nor oversold. The STOCH value of 84.48 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for HK:3882.
Sky Light Holdings Limited Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
64 Neutral | HK$195.00M | 4.97 | 5.52% | 9.71% | 41.31% | -27.00% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
49 Neutral | HK$658.29M | -0.27 | -118.41% | ― | -3.72% | 21.15% | |
46 Neutral | HK$219.03M | -1.09 | -6.00% | 7.35% | 13.50% | -106.11% | |
46 Neutral | HK$267.20M | -0.68 | -11.32% | ― | -22.33% | -203.23% | |
43 Neutral | HK$479.08M | -12.18 | -56.62% | ― | -2.53% | 40.67% |
* Industrials Sector Average
HK:3882
Sky Light Holdings Limited
0.48
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-58.70%
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Sky Light Holdings Limited Corporate Events
Sky Light shareholders back all AGM resolutions, renew capital mandates
May 29, 2026
Sky Light Holdings Limited reported that all resolutions at its 29 May 2026 annual general meeting were approved by shareholders via poll with roughly 99.8% of votes cast in favour. The meeting received and adopted the 2025 audited financial state...
Sky Light Calls 2026 AGM, Seeks Share Buy-Back Mandate and Board Re-Elections
Apr 29, 2026
Sky Light Holdings Limited has called its annual general meeting for 29 May 2026 in Hong Kong to present audited consolidated financial statements for the year ended 31 December 2025 and the accompanying directors’ and auditors’ report...
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.