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Starlite Holdings Limited (0403) AI Stock Analysis

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HK:0403

Starlite Holdings Limited

(HKEX:0403)

Select Model
Rating:54Neutral
Price Target:HKD 0.20â–²(2.04% Upside)
Action:reiterated
Date:09/12/26

The score is held back primarily by weak financial performance—worsening losses, margin compression, and negative operating/free cash flow—despite the benefit of low leverage. Technical indicators are supportive with price trading above key moving averages and positive momentum, but valuation is constrained by a loss-making P/E and no provided dividend yield.

Positive Factors
Low LeverageLow leverage gives Starlite greater financial flexibility while it works through current losses. A modest debt burden can reduce solvency pressure, limit interest-related strain, and leave more capacity to support operations or adjust strategy over the next several quarters.
Negative Factors
Revenue and Margin PressureFalling revenue combined with sharp gross-margin compression indicates deterioration in the economics of the business, not merely slower growth. If sustained, weaker gross profit reduces funds available for overhead, reinvestment, debt service, and eventual shareholder returns.

Starlite Holdings Limited (0403) vs. iShares MSCI Hong Kong ETF (EWH)

-30%-20%-10%0%10%20%HK:0403+4.81%EWH+7.37%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
HKD 98.12M
Dividend Yield
―
Average Volume (3M)
277.00K
Price to Earnings (P/E)
-0.9
Beta (1Y)
0.04
Revenue Growth
-12.61%
EPS Growth
-290.33%
Country
Hong Kong
Employees
2,600
Sector
Consumer Cyclical
Sector Strength
61
Industry
Packaging & Containers

Starlite Holdings Limited Business Overview & Revenue Model

Company Description

Starlite Holdings Limited operates as an investment holding company with a significant global presence in the printing and manufacturing sectors. The firm specializes in creating packaging materials, labels, and a variety of paper products, serving d...

Starlite Holdings Limited Financial Statement Overview

Summary

Financials are pressured by deteriorating profitability and cash generation: 2026 revenue fell (~4%), gross margin declined (~15% to ~11%), and losses deepened versus prior years. Operating cash flow turned negative in 2026 and free cash flow is negative in most years, raising durability concerns. The main offset is a relatively strong balance sheet with low leverage (debt-to-equity ~0.10), which provides some flexibility despite negative ROE.

Income Statement

28Negative

Balance Sheet

68Positive

Cash Flow

24Negative
Financial statement breakdown
BreakdownTTMMar 2025Mar 2024Mar 2023Mar 2022Mar 2021
Income Statement
Total Revenue816.10M782.38M895.31M834.75M923.24M1.05B
Gross Profit96.47M86.42M134.83M171.21M155.38M89.19M
EBITDA-18.45M-46.75M23.39M72.03M60.47M415.66M
Net Income-63.00M-105.14M-26.93M17.42M6.48M357.47M
Balance Sheet
Total Assets815.22M764.00M842.01M891.44M953.49M1.04B
Cash, Cash Equivalents and Short-Term Investments114.51M121.38M198.85M217.63M251.78M285.62M
Total Debt30.50M49.90M78.79M68.46M93.11M147.39M
Total Liabilities254.51M259.66M262.43M266.35M309.36M368.83M
Stockholders Equity561.01M504.35M579.66M624.75M643.37M670.64M
Cash Flow
Free Cash Flow-12.35M-44.28M-9.21M-4.75M38.90M-218.16M
Operating Cash Flow5.58M-22.39M8.98M39.81M87.53M-110.30M
Investing Cash Flow-16.56M-21.06M-15.77M-30.33M-58.62M190.59M
Financing Cash Flow-29.57M-41.10M-5.70M-30.69M-66.81M-85.63M

Starlite Holdings Limited Technical Analysis

Technical Analysis SentimentPositive
Last Price0.20

Price Trends

50DMA0.19Positive
100DMA0.18Positive
200DMA0.17Positive

Market Momentum

MACD0.00Negative
RSI55.03Neutral
STOCH80.39Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0403, the sentiment is Positive. The current price of 0.20 is above the 20-day moving average (MA) of 0.19, above the 50-day MA of 0.19, and above the 200-day MA of 0.17, indicating a bullish trend. The MACD of 0.00 indicates Negative momentum. The RSI at 55.03 is Neutral, neither overbought nor oversold. The STOCH value of 80.39 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:0403.

Starlite Holdings Limited Peers Comparison

Overall Rating

UnderperformOutperform
Sector (61)

Financial Indicators

HK:0403 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
Sector *61Neutral$18.38B12.79-2.54%3.03%1.52%-15.83%
HK:6898HK:689855NeutralHKD 692.21M28.5712.61%0.56%19.35%53.85%
HK:0403HK:040354NeutralHKD 98.12M-0.94-19.74%―-12.61%-290.33%
HK:1820HK:182045NeutralHKD 841.77M-20.91-7.47%2.86%3.70%-24.49%
HK:8291HK:829145NeutralHKD 46.08M8.81-1.85%―50.21%-74.97%
HK:0716HK:071641NeutralHKD 869.51M11.351.77%9.59%-28.18%-67.44%

* Consumer Cyclical Sector Average

Performance Comparison

0%50%100%HK:0403HK:0468HK:0716HK:1820HK:6898HK:8291Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
HK:0403 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
HK:0403Starlite Holdings Limited0.200.015.38%
HK:0468Greatview Aseptic Packaging Company 2.500.000.00%
HK:0716Singamas Container Holdings 0.36-0.23-39.17%
HK:1820Pacific Millennium Packaging Group Corp.2.800.6530.11%
HK:6898China Aluminum Cans Holdings Ltd.0.72-0.01-0.69%
HK:8291Wan Cheng Metal Packaging Company Limited0.22-0.01-2.26%

Starlite Holdings Limited Corporate Events

Starlite Shareholders Back All AGM Resolutions, Strengthening Board and Capital Flexibility

Aug 26, 2026

Shareholders of Starlite Holdings Limited approved all resolutions at the annual general meeting held in Hong Kong on 26 August 2026, including the adoption of audited accounts, re-election of two independent non-executive directors and one executive...

Starlite Holdings Details Board and Committee Structure

Aug 26, 2026

Starlite Holdings Limited has outlined the composition of its board of directors, detailing the roles of its executive chairman, chief executive officer, other executive directors, a non-executive director, and four independent non-executive director...

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: Sep 12, 2026