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Sky Light Holdings Limited
(3882)
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Rating:47Neutral
Price Target:
HK$0.43
▼(-33.38% Downside)
Action:Reiterated
Date:10/17/26
The score is weighed down primarily by weak financial performance—persistent losses, a sharply more leveraged balance sheet in 2025, and a return to meaningful cash burn. Technical momentum is a partial offset with price trading above key moving averages and positive MACD, but valuation remains constrained by ongoing unprofitability and no indicated dividend yield.
Positive Factors
Stable Gross Margin
A relatively stable gross margin provides a measure of product-level resilience despite declining revenue. If maintained, it can preserve contribution from sales and offer a foundation for recovery, although operating costs currently remain too high to convert that margin into profitability.
Negative Factors
Persistent Unprofitability
Sustained net and operating losses indicate that the current business model has not yet covered its operating cost base. This limits internally funded growth, weakens resilience during revenue pressure, and makes a durable earnings recovery dependent on meaningful operational improvement.
Read all positive and negative factors
Positive Factors
Negative Factors
Stable Gross Margin
A relatively stable gross margin provides a measure of product-level resilience despite declining revenue. If maintained, it can preserve contribution from sales and offer a foundation for recovery, although operating costs currently remain too high to convert that margin into profitability.
Read all positive factors
Sky Light Holdings Limited (3882) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$566.35M
Dividend Yield4.93%
Average Volume (3M)305.67K
Price to Earnings (P/E)―
Beta (1Y)0.23
Revenue Growth-5.67%
EPS Growth23.82%
CountryHK
Employees1,016
SectorIndustrials
Sector Strength72
IndustryCommunication Equipment
Share Statistics
EPS (TTM)-0.05
Shares Outstanding1,110,485,700
10 Day Avg. Volume359,900
30 Day Avg. Volume305,666
Financial Highlights & Ratios
PEG Ratio0.44
Price to Book (P/B)65.98
Price to Sales (P/S)2.43
P/FCF Ratio-17.96
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
Sky Light Holdings Limited Business Overview & Revenue Model
Company Description
Sky Light Holdings Limited functions as an investment holding enterprise, specializing in the conceptualization, production, and global distribution of diverse digital imaging solutions. Its extensive product portfolio encompasses devices such as ...
Sky Light Holdings Limited Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
12
Very Negative
Cash Flow
15
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 275.26M | 288.92M | 296.41M | 321.68M | 417.08M | 715.09M |
| Gross Profit | 70.22M | 59.97M | 59.20M | 65.89M | 71.60M | 119.92M |
| EBITDA | 2.37M | -15.29M | -31.29M | -93.09M | 3.41M | 32.01M |
| Net Income | -47.11M | -39.16M | -66.00M | -81.50M | -25.13M | -3.85M |
Balance Sheet | ||||||
| Total Assets | 261.40M | 281.53M | 255.92M | 317.94M | 541.65M | 494.24M |
| Cash, Cash Equivalents and Short-Term Investments | 49.78M | 69.70M | 43.83M | 40.68M | 89.40M | 106.96M |
| Total Debt | 91.41M | 113.25M | 43.18M | 51.53M | 85.12M | 62.42M |
| Total Liabilities | 256.24M | 258.86M | 198.43M | 232.79M | 251.82M | 273.27M |
| Stockholders Equity | -5.80M | 10.65M | 92.54M | 142.65M | 289.32M | 221.94M |
Cash Flow | ||||||
| Free Cash Flow | -43.22M | -39.14M | 7.34M | -98.02M | 18.78M | -13.13M |
| Operating Cash Flow | -19.52M | -14.22M | 8.94M | -76.72M | 24.12M | 7.34M |
| Investing Cash Flow | -23.90M | -17.51M | -1.16M | -19.97M | 11.30M | -20.99M |
| Financing Cash Flow | 21.94M | 51.25M | -1.53M | 54.52M | -39.18M | 5.38M |
Sky Light Holdings Limited Technical Analysis
Positive
0.65
Price Trends
0.44
Positive
0.44
Positive
0.48
Positive
Market Momentum
0.01
Negative
64.84
Neutral
72.73
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:3882, the sentiment is Positive. The current price of 0.65 is above the 20-day moving average (MA) of 0.46, above the 50-day MA of 0.44, and above the 200-day MA of 0.48, indicating a bullish trend. The MACD of 0.01 indicates Negative momentum. The RSI at 64.84 is Neutral, neither overbought nor oversold. The STOCH value of 72.73 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:3882.
Sky Light Holdings Limited Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
54 Neutral | HK$725.71M | 0.94 | 31.00% | 5.49% | -12.39% | ― | |
49 Neutral | HK$197.50M | 15.02 | 1.82% | 7.10% | 28.02% | -68.80% | |
47 Neutral | HK$566.35M | -10.87 | -1941.40% | 4.93% | -5.67% | 23.82% | |
43 Neutral | HK$316.56M | -0.35 | -31.01% | 7.32% | -22.33% | -203.23% | |
42 Neutral | HK$216.84M | -1.07 | -15.28% | 5.18% | 13.50% | -106.11% |
* Industrials Sector Average
HK:3882
Sky Light Holdings Limited
0.51
-0.23
-31.08%
HK:0896
Hanison Construction Holdings
0.30
0.05
19.43%
HK:0406
Yau Lee Holdings Limited
0.50
-0.20
-29.29%
HK:1489
GC Construction Holdings Limited
4.00
3.54
769.57%
HK:1582
CR Construction Group Holdings Limited
0.40
<0.01
1.28%
HK:0610
Wai Kee Holdings Limited
0.92
0.13
15.82%
Sky Light Holdings Limited Corporate Events
Sky Light Completes HK$46.2 Million Convertible Bond Conversion, Diluting Controlling Stake
Oct 16, 2026
Sky Light Holdings Limited has completed the full conversion of its outstanding convertible bonds with an aggregate principal amount of HK$46.2 million and accrued interest into equity. At an adjusted conversion price of HK$0.50 per share, the com...
Sky Light Clears Conditions to Slash Convertible Bond Conversion Price
Oct 13, 2026
Sky Light Holdings Limited has confirmed that all conditions precedent to an amendment of its outstanding convertible bonds have been satisfied, clearing the way for a substantial reduction in the bonds’ conversion price. The conversion pric...
Sky Light Slashes Convertible Bond Conversion Price, Raising Dilution Risks
Sep 29, 2026
Sky Light Holdings Limited has entered into an amendment agreement with bondholders to significantly reduce the conversion price of its outstanding HK$46.2 million convertible bonds from HK$1.56 to HK$0.50 per share, subject to adjustment. If full...
Sky Light Narrows Revenue but Doubles Gross Margin as Interim Loss Persists
Aug 28, 2026
Sky Light Holdings reported unaudited interim revenue of HK$120.9 million for the six months ended 30 June 2026, down 10.2% year on year, reflecting weaker top-line demand but improved cost control as cost of sales fell 19.9%. Despite lower sales,...
Sky Light Holdings Sets August Board Meeting for Interim Results and Dividend Decision
Aug 18, 2026
Sky Light Holdings Limited has scheduled a board meeting for 28 August 2026 to review and approve the group’s interim results for the six months ended 30 June 2026. The board will also consider whether to declare an interim dividend for shar...
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.