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Sky Light Holdings Limited (3882) AI Stock Analysis

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HK:3882

Sky Light Holdings Limited

(HKEX:3882)

Select Model
Rating:47Neutral
Price Target:HKD 0.79▲(12.57% Upside)
Action:reiterated
Date:11/04/26

The score is primarily constrained by severe financial weakness, including losses, depleted equity, high leverage, and cash burn. Positive technical momentum provides partial support, but overbought indicators and loss-based valuation keep the overall score low.

Positive Factors
Stable Gross MarginA relatively stable gross margin indicates the company has retained some consistency in the economics of its products despite weak profitability. This provides a foundation for improvement if revenue stabilizes or operating costs become better aligned with the business scale.
Negative Factors
Persistent LossesA six-year record of net losses and continuously negative operating profit indicates that the business has not yet established a sustainable earnings model. Continued losses can consume equity, restrict reinvestment, and make future growth dependent on external financing.

Sky Light Holdings Limited (3882) vs. iShares MSCI Hong Kong ETF (EWH)

-60%-50%-40%-30%-20%-10%0%10%20%HK:3882-15.66%EWH+6.73%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
HKD 810.65M
Dividend Yield
―
Average Volume (3M)
334.00K
Price to Earnings (P/E)
-14.9
Beta (1Y)
0.55
Revenue Growth
-5.67%
EPS Growth
23.82%
Country
Hong Kong
Employees
1,016
Sector
Industrials
Sector Strength
63
Industry
Communication Equipment

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 hom...

Sky Light Holdings Limited Financial Statement Overview

Summary

Severe financial deterioration, including sustained revenue and net-loss worsening, substantial equity erosion, leverage rising to 10.6x debt-to-equity, and deeply negative free cash flow. The score is at the minimum permitted level.

Income Statement

25Negative

Balance Sheet

35Negative

Cash Flow

28Negative
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue275.26M288.92M296.41M321.68M417.08M715.09M
Gross Profit70.22M59.97M59.20M65.89M71.60M119.92M
EBITDA2.37M-15.29M-31.29M-93.09M3.41M32.01M
Net Income-47.11M-39.16M-66.00M-81.50M-25.13M-3.85M
Balance Sheet
Total Assets261.40M281.53M255.92M317.94M541.65M494.24M
Cash, Cash Equivalents and Short-Term Investments49.78M69.70M43.83M40.68M89.40M106.96M
Total Debt91.41M113.25M43.18M51.53M85.12M62.42M
Total Liabilities256.24M258.86M198.43M232.79M251.82M273.27M
Stockholders Equity-5.80M10.65M92.54M142.65M289.32M221.94M
Cash Flow
Free Cash Flow-43.22M-39.14M7.34M-98.02M18.78M-13.13M
Operating Cash Flow-19.52M-14.22M8.94M-76.72M24.12M7.34M
Investing Cash Flow-23.90M-17.51M-1.16M-19.97M11.30M-20.99M
Financing Cash Flow21.94M51.25M-1.53M54.52M-39.18M5.38M

Sky Light Holdings Limited Technical Analysis

Technical Analysis SentimentPositive
Last Price0.70

Price Trends

50DMA0.49Positive
100DMA0.46Positive
200DMA0.48Positive

Market Momentum

MACD0.08Negative
RSI64.14Neutral
STOCH56.16Neutral

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 0.70 is above the 20-day moving average (MA) of 0.59, above the 50-day MA of 0.49, and above the 200-day MA of 0.48, indicating a bullish trend. The MACD of 0.08 indicates Negative momentum. The RSI at 64.14 is Neutral, neither overbought nor oversold. The STOCH value of 56.16 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

Overall Rating

UnderperformOutperform
Sector (63)

Financial Indicators

HK:3882 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
Sector *63Neutral$10.79B15.437.44%2.01%2.89%-14.66%
HK:0610HK:061050NeutralHKD 713.81M0.9331.00%―-12.39%―
HK:0896HK:089647NeutralHKD 295.10M-0.32-31.01%―-22.33%-203.23%
HK:3882HK:388247NeutralHKD 810.65M-14.93-1941.40%―-5.67%23.82%
HK:1582HK:158242NeutralHKD 202.50M17.681.82%8.15%28.02%-68.80%
HK:0406HK:040639UnderperformHKD 197.12M-0.98-15.28%―13.50%-106.11%

* Industrials Sector Average

Performance Comparison

0%200%400%600%800%HK:3882HK:0896HK:0406HK:1489HK:1582HK:0610Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
HK:3882 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
HK:3882Sky Light Holdings Limited0.70-0.14-16.67%
HK:0896Hanison Construction Holdings 0.270.0312.50%
HK:0406Yau Lee Holdings Limited0.45-0.25-35.71%
HK:1489GC Construction Holdings Limited3.833.37731.52%
HK:1582CR Construction Group Holdings Limited0.470.1027.40%
HK:0610Wai Kee Holdings Limited0.910.010.56%

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 compan...

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 price will be...

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 fully c...

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, gr...

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 shareholders,...

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 04, 2026