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Silver Tide Holdings Limited
(1943)
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Rating:44Neutral
Price Target:
HK$0.66
▲(26.92% Upside)
Action:Reiterated
Date:03/24/26
The score is primarily weighed down by weak financial performance (sharp revenue decline, negative margins, large net loss) and negative operating/free cash flow. Technical indicators are broadly neutral and provide only modest support, while valuation remains challenged due to losses implied by the negative P/E.
Positive Factors
Low Leverage / Conservative Balance Sheet
Very low leverage gives the company durable financial flexibility: it reduces bankruptcy risk, preserves access to borrowing if needed, and allows management to prioritize operational fixes rather than immediate debt servicing. This structural cushion helps absorb losses while working to restore profitability.
Negative Factors
Severe Revenue Decline
A ~42% annual revenue drop is a durable structural concern: scale contraction reduces pricing power, impairs supplier terms, and magnifies fixed-cost leverage. Restoring volume will take sustained demand improvement or new business wins, making near-term margin recovery and stable cash flow challenging.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage / Conservative Balance Sheet
Very low leverage gives the company durable financial flexibility: it reduces bankruptcy risk, preserves access to borrowing if needed, and allows management to prioritize operational fixes rather than immediate debt servicing. This structural cushion helps absorb losses while working to restore profitability.
Read all positive factors
Silver Tide Holdings Limited (1943) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$1.38B
Dividend YieldN/A
Average Volume (3M)4.98M
Price to Earnings (P/E)―
Beta (1Y)0.43
Revenue Growth220.85%
EPS Growth85.60%
CountryHK
Employees60
SectorBasic Materials
Sector Strength58
IndustryConstruction Materials
Share Statistics
EPS (TTM)-0.01
Shares Outstanding1,173,420,000
10 Day Avg. Volume3,301,700
30 Day Avg. Volume4,975,233
Financial Highlights & Ratios
PEG Ratio0.54
Price to Book (P/B)5.81
Price to Sales (P/S)1.20
P/FCF Ratio0.00
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
Silver Tide Holdings Limited Business Overview & Revenue Model
Company Description
King's Stone Holdings Group Ltd. operates as an investment holding company, with its core business being the supply of various formwork solutions. The organization's activities are divided across two primary segments: Construction Services and Dea...
Silver Tide Holdings Limited Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
54
Neutral
Cash Flow
22
Negative
| Breakdown | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 556.31M | 173.39M | 452.67M | 372.09M | 340.08M |
| Gross Profit | 25.96M | -47.14M | 18.30M | 41.77M | -20.49M |
| EBITDA | -10.06M | -97.11M | -26.25M | 22.08M | -25.99M |
| Net Income | -14.63M | -102.07M | -32.09M | 4.97M | -33.84M |
Balance Sheet | |||||
| Total Assets | 563.63M | 146.39M | 265.37M | 307.86M | 282.72M |
| Cash, Cash Equivalents and Short-Term Investments | 24.36M | 9.67M | 98.14M | 74.78M | 66.20M |
| Total Debt | 2.62M | 0.00 | 996.00K | 761.00K | 5.63M |
| Total Liabilities | 448.47M | 40.83M | 81.52M | 91.75M | 71.58M |
| Stockholders Equity | 115.16M | 105.56M | 183.84M | 216.11M | 211.14M |
Cash Flow | |||||
| Free Cash Flow | 0.00 | -96.06M | 13.71M | 18.38M | -7.83M |
| Operating Cash Flow | 0.00 | -95.79M | 15.42M | 25.34M | -5.03M |
| Investing Cash Flow | 0.00 | 2.77M | 18.53M | -7.66M | -38.79M |
| Financing Cash Flow | 0.00 | 4.55M | 12.16M | 3.56M | -2.48M |
Silver Tide Holdings Limited Technical Analysis
Positive
0.52
Price Trends
0.99
Positive
0.83
Positive
0.74
Positive
Market Momentum
0.06
Positive
56.11
Neutral
46.36
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 0.52 is below the 20-day moving average (MA) of 1.27, below the 50-day MA of 0.99, and below the 200-day MA of 0.74, indicating a neutral trend. The MACD of 0.06 indicates Positive momentum. The RSI at 56.11 is Neutral, neither overbought nor oversold. The STOCH value of 46.36 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
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
62 Neutral | HK$104.63B | 14.83 | 3.27% | 5.07% | -6.86% | -26.49% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
53 Neutral | HK$7.16B | -22.51 | -0.63% | 3.76% | -12.27% | -182.72% | |
51 Neutral | HK$10.71B | 17.90 | 4.02% | 2.85% | -10.09% | -45.87% | |
44 Neutral | HK$1.38B | -85.42 | -14.41% | ― | 220.85% | 85.60% | |
44 Neutral | HK$26.27B | -2.67 | -5.48% | 4.99% | 0.12% | -214.59% | |
43 Neutral | HK$1.13B | -0.65 | -8.62% | 3.22% | -23.06% | -1157.34% |
* Basic Materials Sector Average
HK:1943
Silver Tide Holdings Limited
1.23
0.38
44.71%
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Silver Tide Holdings Limited Corporate Events
King’s Stone Raises HK$77 Million in Share Placing to Fund Energy and Digital Infrastructure
Jul 21, 2026
King’s Stone Holdings Group Limited has completed a placing of 142,875,000 new shares under its general mandate at HK$0.5456 per share, representing about 12.18% of its enlarged share capital and raising net proceeds of approximately HK$77 m...
King’s Stone Holdings Reshapes Board With Executive Director Changes
Jul 2, 2026
King’s Stone Holdings Group Limited announced that executive director Ms. Cai Ruoxi has resigned effective 2 July 2026 to focus on other business commitments, with the board noting there is no disagreement and no issues requiring shareholder...
King’s Stone Holdings Outlines Board and Committee Structure
Jul 2, 2026
King’s Stone Holdings Group Limited has announced the current composition of its board of directors, detailing four executive directors led by Chairman and Chief Executive Officer He Xin and three independent non-executive directors. The dis...
King’s Stone Plans Discounted Share Placing to Fund Energy and Data Infrastructure Expansion
Jun 25, 2026
King’s Stone Holdings Group Limited has agreed to place up to 200 million new shares, representing about 19.41% of its existing share capital, at HK$0.5456 per share through a best-effort arrangement with a placing agent, at a discount to re...
King’s Stone narrows annual loss as revenue surges from continuing operations
Jun 24, 2026
King’s Stone Holdings Group Limited reported a sharp rebound in revenue from its continuing operations to HK$556.3 million for the year ended 31 March 2026, up from HK$173.4 million a year earlier, swinging from a gross loss to a modest gros...
King’s Stone flags sharp narrowing of annual loss on revenue surge and cost cuts
Jun 18, 2026
King’s Stone Holdings Group Limited has signalled a sharp narrowing of losses for the financial year ended 31 March 2026, with net loss after tax expected to be not less than HK$14 million versus approximately HK$99.4 million a year earlier....
King’s Stone Sets June Board Meeting to Approve 2026 Annual Results
Jun 11, 2026
King’s Stone Holdings Group Limited has scheduled a board meeting for 24 June 2026 to review and approve the annual results for the financial year ended 31 March 2026 and to authorise their publication. The board will also consider recommend...
King’s Stone Deepens New Energy Push With Detailed Partnership Structure
Jun 3, 2026
King’s Stone Holdings Group Limited has provided further details on a previously announced partnership aimed at investing in new energy projects, outlining the profiles and roles of the general partners and executive partner involved. The mo...
King’s Stone Holdings Enters RMB35.6 Million New Energy Investment Partnership
May 18, 2026
King’s Stone Holdings Group’s subsidiary Shenzhen Hengchenyu has agreed to join a ten-year investment partnership with Guangdong Xindong Energy, Beijing Guojiao Yinghua, Beijing Zhaoxuan Electric Power and Beijing Guojiao Zhongxing, ta...
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.