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Silver Tide Holdings Limited (1943) AI Stock Analysis

HK:1943

Silver Tide Holdings Limited

(HKEX:1943)

Select Model
Rating:44Neutral
Price Target:HKD 0.66â–¼(-53.52% Downside)
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 SheetVery 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 DeclineA ~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.

Silver Tide Holdings Limited (1943) vs. iShares MSCI Hong Kong ETF (EWH)

-50%-25%0%25%50%75%HK:1943+61.36%EWH+7.37%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
HKD 1.67B
Dividend Yield
―
Average Volume (3M)
3.91M
Price to Earnings (P/E)
-98.6
Beta (1Y)
0.59
Revenue Growth
220.85%
EPS Growth
85.60%
Country
Hong Kong
Employees
60
Sector
Basic Materials
Sector Strength
61
Industry
Construction Materials

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 Dealin...

Silver Tide Holdings Limited Financial Statement Overview

Summary

Financial performance is weak: profitability deteriorated sharply with ~42% revenue decline in FY2025, negative gross margin, and a very large net loss (net margin ~-59%). Cash flow also turned strongly negative (operating and free cash flow), indicating the business is consuming cash. The main offset is a low-debt balance sheet, but equity is shrinking materially due to losses.

Income Statement

18Very Negative

Balance Sheet

54Neutral

Cash Flow

22Negative
Financial statement breakdown
BreakdownTTMMar 2025Mar 2024Mar 2023Mar 2022Mar 2021
Income Statement
Total Revenue556.31M556.31M173.39M452.67M372.09M437.18M
Gross Profit25.96M25.96M-47.14M18.30M41.77M17.62M
EBITDA-4.54M-10.06M-97.11M-26.25M22.08M31.41M
Net Income-14.63M-14.63M-102.07M-32.09M4.97M14.13M
Balance Sheet
Total Assets563.63M563.63M146.39M265.37M307.86M296.92M
Cash, Cash Equivalents and Short-Term Investments24.36M24.36M9.67M98.14M74.78M77.27M
Total Debt2.62M2.62M0996.00K761.00K4.24M
Total Liabilities448.47M448.47M40.83M81.52M91.75M51.93M
Stockholders Equity115.16M115.16M105.56M183.84M216.11M244.99M
Cash Flow
Free Cash Flow15.42M0-96.06M13.71M18.38M-26.74M
Operating Cash Flow15.97M0-95.79M15.42M25.34M-8.26M
Investing Cash Flow1.73M02.77M18.53M-7.66M-22.50M
Financing Cash Flow004.55M12.16M3.56M-12.93M

Silver Tide Holdings Limited Technical Analysis

Technical Analysis SentimentPositive
Last Price1.42

Price Trends

50DMA1.27Positive
100DMA1.03Positive
200DMA0.85Positive

Market Momentum

MACD0.07Negative
RSI61.88Neutral
STOCH40.91Neutral

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 1.42 is above the 20-day moving average (MA) of 1.32, above the 50-day MA of 1.27, and above the 200-day MA of 0.85, indicating a bullish trend. The MACD of 0.07 indicates Negative momentum. The RSI at 61.88 is Neutral, neither overbought nor oversold. The STOCH value of 40.91 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

Overall Rating

UnderperformOutperform
Sector (61)

Financial Indicators

HK:1943 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
HK:0914HK:091471OutperformHKD 106.32B21.072.37%4.96%-6.86%-26.49%
Sector *61Neutral$10.43B7.12-0.05%2.87%2.86%-36.73%
HK:1313HK:131354NeutralHKD 6.60B-8.75-1.49%4.04%-11.82%-400.56%
HK:0691HK:069148NeutralHKD 1.09B-0.62-8.62%―-23.06%-1157.34%
HK:2233HK:223348NeutralHKD 9.78B16.454.02%3.07%-10.09%-45.87%
HK:1943HK:194344NeutralHKD 1.67B-98.61-14.41%―220.85%85.60%
HK:3323HK:332343NeutralHKD 21.60B-2.19-5.48%6.02%0.12%-214.59%

* Basic Materials Sector Average

Performance Comparison

-50%0%50%HK:1943HK:0914HK:3323HK:0691HK:1313HK:2233Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
HK:1943 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
HK:1943Silver Tide Holdings Limited1.420.5563.22%
HK:0914Anhui Conch Cement Company Class H17.12-5.07-22.87%
HK:3323China National Building Material Co Class H2.85-2.57-47.51%
HK:0691China Shanshui Cement Group 0.25-0.46-64.79%
HK:1313China Resources Building Materials Technology Holdings Limited0.94-0.69-42.17%
HK:2233West China Cement 1.79-1.17-39.57%

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 mill...

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 at...

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 disclo...

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 recen...

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 gross p...

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. Th...

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 recommending...

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 move...

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, targe...

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: Mar 24, 2026