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Starlite Holdings Limited
(0403)
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Rating:54Neutral
Price Target:
HK$0.22
▲(40.00% 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 Leverage
Low leverage gives Starlite greater financial flexibility while it works through current losses. A modest debt burden can reduce solvency pressure, limit financing costs, and preserve capacity to support operations or pursue recovery without relying heavily on additional borrowing.
Negative Factors
Revenue Contraction
Revenue contraction weakens the foundation for operating leverage and makes it harder to recover fixed costs through scale. If lower sales persist, Starlite may face continued pressure on earnings, investment capacity, and its ability to rebuild sustainable profitability over the coming quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage
Low leverage gives Starlite greater financial flexibility while it works through current losses. A modest debt burden can reduce solvency pressure, limit financing costs, and preserve capacity to support operations or pursue recovery without relying heavily on additional borrowing.
Read all positive factors
Starlite Holdings Limited (0403) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$110.14M
Dividend Yield12.89%
Average Volume (3M)299.07K
Price to Earnings (P/E)―
Beta (1Y)0.08
Revenue Growth-12.61%
EPS Growth-290.33%
CountryHK
Employees2,600
SectorConsumer Cyclical
Sector Strength84
IndustryPackaging & Containers
Share Statistics
EPS (TTM)-0.21
Shares Outstanding500,633,300
10 Day Avg. Volume257,000
30 Day Avg. Volume299,066
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)0.15
Price to Sales (P/S)0.10
P/FCF Ratio-1.71
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
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, servin...
Starlite Holdings Limited Financial Statement Overview
Summary
Income Statement
28
Negative
Balance Sheet
68
Positive
Cash Flow
24
Negative
| Breakdown | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 782.38M | 895.31M | 834.75M | 923.24M | 1.05B |
| Gross Profit | 86.42M | 134.83M | 171.21M | 155.38M | 89.19M |
| EBITDA | -46.75M | 23.39M | 71.43M | 60.47M | 415.66M |
| Net Income | -105.14M | -26.93M | 17.42M | 6.48M | 357.47M |
Balance Sheet | |||||
| Total Assets | 764.00M | 842.01M | 891.44M | 953.49M | 1.04B |
| Cash, Cash Equivalents and Short-Term Investments | 121.38M | 198.85M | 217.63M | 251.78M | 285.62M |
| Total Debt | 49.90M | 78.79M | 68.46M | 93.11M | 147.39M |
| Total Liabilities | 259.66M | 262.43M | 266.35M | 309.36M | 368.83M |
| Stockholders Equity | 504.35M | 579.66M | 624.75M | 643.37M | 670.64M |
Cash Flow | |||||
| Free Cash Flow | -44.28M | -9.21M | -4.75M | 38.90M | -218.16M |
| Operating Cash Flow | -22.39M | 8.98M | 39.81M | 87.53M | -110.30M |
| Investing Cash Flow | -21.06M | -15.77M | -30.33M | -58.62M | 190.59M |
| Financing Cash Flow | -41.10M | -5.70M | -30.69M | -66.81M | -85.63M |
Starlite Holdings Limited Technical Analysis
Positive
0.16
Price Trends
0.17
Positive
0.17
Positive
0.16
Positive
Market Momentum
<0.01
Negative
62.92
Neutral
49.96
Neutral
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 0.16 is below the 20-day moving average (MA) of 0.19, below the 50-day MA of 0.17, and below the 200-day MA of 0.16, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 62.92 is Neutral, neither overbought nor oversold. The STOCH value of 49.96 is Neutral, 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
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
57 Neutral | HK$1.02B | 13.37 | 1.77% | 8.75% | -28.18% | -67.44% | |
55 Neutral | HK$621.32M | 26.19 | 12.61% | 0.61% | 19.35% | 53.85% | |
54 Neutral | HK$110.14M | -1.06 | -19.74% | 12.89% | -12.61% | -290.33% | |
45 Neutral | HK$841.77M | -21.08 | -7.47% | 2.86% | 3.70% | -24.49% | |
42 Neutral | HK$45.44M | 8.74 | -1.85% | ― | 50.21% | -74.97% |
* Consumer Cyclical Sector Average
HK:0403
Starlite Holdings Limited
0.22
0.02
9.45%
HK:0468
Greatview Aseptic Packaging Company
2.50
0.00
0.00%
HK:0716
Singamas Container Holdings
0.43
-0.22
-33.85%
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Pacific Millennium Packaging Group Corp.
2.80
0.20
7.65%
HK:6898
China Aluminum Cans Holdings Ltd.
0.66
-0.14
-16.98%
HK:8291
Wan Cheng Metal Packaging Company Limited
0.21
-0.06
-20.52%
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 execut...
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 direc...
Starlite Holdings sets 2026 AGM to approve accounts, board changes and share issuance mandate
Jul 16, 2026
Starlite Holdings Limited has called its 2026 annual general meeting for 26 August in Hong Kong, where shareholders will review the audited accounts and directors’ and auditors’ reports for the year ended 31 March 2026. The meeting wil...
Starlite Holdings Swings to Deeper Annual Loss on Revenue Slide and Asset Impairments
Jun 26, 2026
Starlite Holdings reported a sharp deterioration in its financial performance for the year ended 31 March 2026, with revenue falling to HK$782.4 million from HK$895.3 million and gross profit nearly halving to HK$86.4 million. The group swung to a...
Starlite Revamps Board as New Independent Director Steps In
Jun 26, 2026
Starlite Holdings Limited plans to appoint Mr. Cheung Ching Choi as an independent non-executive director, subject to shareholder approval at its August 2026 annual general meeting. Cheung, a seasoned supply chain and retail executive with over 30...
Starlite Holdings Flags Sharp Widening of Annual Loss on Revenue Slump and Impairments
Jun 18, 2026
Starlite Holdings has warned that it expects a significantly wider annual loss for the year ended 31 March 2026, projecting a loss of up to HK$107 million versus HK$27 million a year earlier, as revenue fell sharply amid weaker orders from packagi...
Starlite Plans Bye-law Changes to Align With New Listing Rules
Jun 17, 2026
Starlite Holdings Limited plans to amend its existing bye-laws to align with recent changes to Hong Kong’s Listing Rules, particularly those relating to the uncertificated securities market regime, and to ensure consistency with Bermuda law ...
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.