tiprankstipranks
China Starch Holdings Limited (HK:3838)
:3838
Hong Kong Market
Want to see HK:3838 full AI Analyst Report?

China Starch Holdings Limited (3838) AI Stock Analysis

3 Followers

Top Page

HK:3838

China Starch Holdings Limited

(3838)

Select Model
Select Model
Select Model
Neutral 57 (OpenAI - Gpt-5.6Sol)
Rating:57Neutral
Price Target:
HK$0.18
â–²(1.67% Upside)
Action:Reiterated
Date:06/25/26
The score is held back primarily by deteriorating 2025 profitability and a sharp decline in cash generation (including negative free cash flow), alongside clearly bearish technical momentum. These risks are partially offset by an inexpensive valuation (low P/E) and a high dividend yield, plus a manageable leverage position on the balance sheet.
Positive Factors
Manageable Leverage
Moderate and improving leverage gives China Starch greater financial resilience than a highly indebted manufacturer. A sizable equity base and lower debt burden can preserve borrowing capacity, support continued operations through weaker cycles, and provide flexibility for future investment.
Negative Factors
Sharp Profitability Decline
The steep 2025 earnings decline shows that the company’s profitability is not currently stable. Lower revenue and sharply compressed margins reduce internal funding capacity, weaken returns on capital, and leave future earnings more exposed if pricing or operating conditions remain difficult.
Read all positive and negative factors
Positive Factors
Negative Factors
Manageable Leverage
Moderate and improving leverage gives China Starch greater financial resilience than a highly indebted manufacturer. A sizable equity base and lower debt burden can preserve borrowing capacity, support continued operations through weaker cycles, and provide flexibility for future investment.
Read all positive factors

China Starch Holdings Limited (3838) vs. iShares MSCI Hong Kong ETF (EWH)

China Starch Holdings Limited Business Overview & Revenue Model

Company Description
China Starch Holdings Limited, an investment holding company, manufactures and sells cornstarch, lysine, starch-based sweeteners, modified starch, and ancillary corn-based and corn-refined products in the People’s Republic of China. The company op...
How the Company Makes Money
China Starch Holdings Limited makes money primarily by manufacturing corn-based ingredients and selling them to industrial and consumer-facing manufacturers. Its revenue model is largely volume-driven, with earnings determined by sales volumes and...

China Starch Holdings Limited Financial Statement Overview

Summary
Overall financials are weakened by a sharp 2025 downturn and volatile cash generation. Profitability fell materially (revenue down ~10%, gross margin ~5.0% vs ~10.2%, net income HK$180m vs HK$482m), and operating cash flow dropped to ~HK$293m with free cash flow turning negative (~-HK$37m). The balance sheet is a relative strength with moderate leverage (debt-to-equity ~0.26), but ROE fell to ~4.2% due to the earnings reset.
Income Statement
44
Neutral
Balance Sheet
70
Positive
Cash Flow
38
Negative
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue9.90B10.06B11.42B11.80B11.95B11.64B
Gross Profit221.21M540.94M1.16B556.57M1.19B952.21M
EBITDA178.62M517.52M1.08B458.94M910.39M777.84M
Net Income19.06M184.93M482.25M107.96M352.01M345.60M
Balance Sheet
Total Assets7.12B6.83B6.96B5.35B5.11B4.72B
Cash, Cash Equivalents and Short-Term Investments2.46B2.86B2.21B899.83M1.00B1.00B
Total Debt1.29B1.09B1.48B559.37M285.93M111.61M
Total Liabilities2.59B2.17B2.47B1.42B1.28B1.23B
Stockholders Equity4.16B4.24B4.11B3.66B3.60B3.28B
Cash Flow
Free Cash Flow-381.88M-36.65M1.06B-8.26M105.70M694.06M
Operating Cash Flow293.05M292.79M1.32B413.37M316.83M1.11B
Investing Cash Flow-154.71M-329.60M-857.09M-719.94M-349.47M-387.02M
Financing Cash Flow-255.42M-465.57M850.55M203.41M34.65M-60.44M

China Starch Holdings Limited Technical Analysis

Technical Analysis Sentiment
Positive
Last Price0.18
Price Trends
50DMA
0.17
Positive
100DMA
0.17
Positive
200DMA
0.17
Positive
Market Momentum
MACD
<0.01
Negative
RSI
70.70
Negative
STOCH
106.68
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:3838, the sentiment is Positive. The current price of 0.18 is above the 20-day moving average (MA) of 0.17, above the 50-day MA of 0.17, and above the 200-day MA of 0.17, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 70.70 is Negative, neither overbought nor oversold. The STOCH value of 106.68 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:3838.

China Starch Holdings Limited Peers Comparison

Overall Rating
UnderperformOutperform
Sector (62)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
62
Neutral
$20.33B14.63-3.31%3.23%1.93%-12.26%
57
Neutral
HK$1.03B48.830.45%5.54%-5.24%-95.65%
54
Neutral
HK$730.09M-9.26-3.49%17.70%5.96%-252.05%
54
Neutral
HK$96.48M-37.50-0.49%5.24%30.41%98.08%
52
Neutral
HK$743.77M-30.79-1.58%3.78%-6.49%-294.24%
46
Neutral
HK$121.68M-0.8438.51%0.84%-7.04%8.69%
44
Neutral
HK$614.52M1.85-15.63%2.57%-8.40%-77.49%
* Consumer Defensive Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
HK:3838
China Starch Holdings Limited
0.18
-0.01
-7.33%
HK:1583
Qinqin Foodstuffs Group (Cayman) Company
0.96
-0.31
-24.51%
HK:3889
Global Sweeteners Holdings Limited
0.06
-0.03
-35.56%
HK:0809
Global Bio-chem Technology Group Co. Ltd.
0.37
-0.53
-58.89%
HK:0829
Shenguan Holdings (Group) Limited
0.24
-0.05
-17.93%
HK:0841
Asia Cassava Resources Holdings Limited
0.16
0.05
50.94%

China Starch Holdings Limited Corporate Events

China Starch Swings to Interim Loss Despite Stable Revenue
Aug 19, 2026
China Starch Holdings reported unaudited interim revenue of RMB5.02 billion for the six months ended 30 June 2026, broadly flat year-on-year, but gross profit fell sharply to RMB133.69 million as cost of sales rose. The group swung from a RMB297.1...
China Starch Sets August Board Meeting to Approve Interim Results and Consider Dividend
Aug 7, 2026
China Starch Holdings Limited has scheduled a board meeting for 19 August 2026 to review and approve the interim results of the company and its subsidiaries for the six months ended 30 June 2026. The board will also consider the possible declarati...
China Starch warns of interim loss as lysine, cornstarch markets slump
Jun 22, 2026
China Starch Holdings has warned that it expects to swing to a pre-tax loss of about RMB20 million for the five months to 31 May 2026, compared with a pre-tax profit of RMB267 million a year earlier, with loss attributable to shareholders estimate...
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: Jun 25, 2026