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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:41Neutral
Price Target:HKD 0.16â–¼(-5.75% Downside)
Action:reiterated
Date:11/03/26

The score is primarily constrained by deteriorating profitability and negative cash generation. Conservative leverage is a relative strength, while mixed-to-weak technical signals and the negative P/E provide little additional support.

Positive Factors
Low LeveragePersistently low leverage gives Starlite greater financial flexibility while it addresses operating losses and cash burn. Limited debt exposure reduces solvency and refinancing pressure, leaving more capacity to manage volatility or fund necessary business initiatives than a highly leveraged balance sheet would allow.
Negative Factors
Revenue ContractionRecent revenue contraction signals weakening business activity and reduces the operating base available to absorb fixed costs. If the decline persists, it can make margin recovery harder, limit reinvestment capacity, and increase pressure on management to restore demand while the company is already reporting losses.

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

-30%-20%-10%0%10%20%30%HK:0403-4.40%EWH+10.60%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
HKD 87.11M
Dividend Yield
―
Average Volume (3M)
267.23K
Price to Earnings (P/E)
-0.8
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

Severe operational and cash-flow weakness drives the minimum score: revenue and margins have deteriorated, the latest year reported a substantial loss, and operating and free cash flow were negative. Low leverage and solid equity provide some support.

Income Statement

20Very Negative

Balance Sheet

55Neutral

Cash Flow

25Negative
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 SentimentNegative
Last Price0.17

Price Trends

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

Market Momentum

MACD-0.00Positive
RSI42.89Neutral
STOCH19.31Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0403, the sentiment is Negative. The current price of 0.17 is below the 20-day moving average (MA) of 0.19, below the 50-day MA of 0.19, and above the 200-day MA of 0.17, indicating a neutral trend. The MACD of -0.00 indicates Positive momentum. The RSI at 42.89 is Neutral, neither overbought nor oversold. The STOCH value of 19.31 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 678.91M28.7712.61%0.55%19.35%53.85%
HK:0716HK:071650NeutralHKD 905.24M11.811.77%9.21%-28.18%-67.44%
HK:1820HK:182045NeutralHKD 841.77M-20.99-7.47%2.86%3.70%-24.49%
HK:0403HK:040341NeutralHKD 85.61M-0.84-19.74%―-12.61%-290.33%
HK:8291HK:829140UnderperformHKD 43.95M8.26-1.85%―50.21%-74.97%

* 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 '26Nov '26
HK:0403 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
HK:0403Starlite Holdings Limited0.17-0.01-4.92%
HK:0468Greatview Aseptic Packaging Company 2.500.000.00%
HK:0716Singamas Container Holdings 0.38-0.22-36.67%
HK:1820Pacific Millennium Packaging Group Corp.2.800.6530.11%
HK:6898China Aluminum Cans Holdings Ltd.0.720.000.00%
HK:8291Wan Cheng Metal Packaging Company Limited0.20-0.02-8.60%

Starlite Holdings Limited Corporate Events

Starlite Warns of Wider Half-Year Loss Amid Cost Pressures

Nov 3, 2026

Starlite Holdings Limited operates packaging and paper products businesses, serving brand customers through manufacturing operations in Mainland China and Southeast Asia. Its activities are exposed to consumer demand, production costs, transportation...

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: Nov 03, 2026