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Ocean Star Technology Group Limited (HK:8297)
:8297
Hong Kong Market

Ocean Star Technology Group Limited (8297) AI Stock Analysis

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HK

Ocean Star Technology Group Limited

(8297)

40Underperform
The overall score is adversely impacted by the company's weak financial performance, including declining revenues, negative equity, and cash flow issues. Additionally, the technical indicators suggest bearish momentum, and the valuation remains unattractive due to negative earnings and lack of dividends.

Ocean Star Technology Group Limited (8297) vs. S&P 500 (SPY)

Ocean Star Technology Group Limited Business Overview & Revenue Model

Company DescriptionOcean Star Technology Group Limited, an investment holding company, designs, manufactures, and sells lingerie products. It offers bras, body shaping underwear, and chest support vests, as well as complementary and ancillary products, including breast creams, panties, nude bras, swimwear, bra straps and pads, and waist bands under the Bodibra, June, ooobiki, Bodicare, and invisi brands. The company is also involved in the provision of beauty and lingerie alteration services. It operates retail stores in Hong Kong, Macau, and the People's Republic of China. The company was formerly known as My Heart Bodibra Group Limited and changed its name to Ocean Star Technology Group Limited in September 2021. Ocean Star Technology Group Limited was founded in 2003 and is headquartered in Kwun Tong, Hong Kong.
How the Company Makes Moneynull

Ocean Star Technology Group Limited Financial Statement Overview

Summary
Income Statement
Balance Sheet
Cash Flow
Breakdown
Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020
Income StatementTotal Revenue
41.17M44.69M46.59M53.43M62.53M
Gross Profit
27.17M30.77M34.54M42.20M39.37M
EBIT
-26.37M-28.34M-9.53M10.05M-30.25M
EBITDA
-14.30M-12.12M-5.47M20.20M-33.67M
Net Income Common Stockholders
-27.16M-34.72M-18.80M3.70M-46.84M
Balance SheetCash, Cash Equivalents and Short-Term Investments
5.74M28.77M24.78M3.70M3.27M
Total Assets
59.38M93.39M95.49M61.72M80.38M
Total Debt
5.73M16.37M16.81M11.03M21.18M
Net Debt
679.00K-9.18M-5.09M7.33M17.91M
Total Liabilities
68.45M80.18M88.89M90.40M112.66M
Stockholders Equity
-9.07M13.21M6.60M-28.68M-32.29M
Cash FlowFree Cash Flow
-14.52M-22.91M-25.07M11.86M-1.36M
Operating Cash Flow
-14.41M-19.01M-23.07M12.26M1.57M
Investing Cash Flow
-90.00K-5.85M-2.21M445.00K652.00K
Financing Cash Flow
-5.65M28.57M43.46M-12.34M-11.79M

Ocean Star Technology Group Limited Technical Analysis

Technical Analysis Sentiment
Negative
Last Price0.04
Price Trends
50DMA
0.05
Negative
100DMA
0.05
Negative
200DMA
0.06
Negative
Market Momentum
MACD
>-0.01
Negative
RSI
45.24
Neutral
STOCH
54.97
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:8297, the sentiment is Negative. The current price of 0.04 is below the 20-day moving average (MA) of 0.04, below the 50-day MA of 0.05, and below the 200-day MA of 0.06, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 45.24 is Neutral, neither overbought nor oversold. The STOCH value of 54.97 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:8297.

Ocean Star Technology Group Limited Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
69
Neutral
HK$87.56M6.238.45%7.52%-8.25%-14.22%
66
Neutral
HK$1.34B18.1012.85%957.74%194.12%
61
Neutral
$7.00B11.553.07%3.89%2.60%-21.53%
50
Neutral
HK$359.10M-6.91%4.61%89.62%
49
Neutral
HK$21.48M-4.41%
40
Underperform
HK$47.86M
-15.26%27.67%
35
Underperform
HK$195.44M
-37.75%-11.19%
* Consumer Cyclical Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
HK:8297
Ocean Star Technology Group Limited
0.04
-0.08
-66.67%
HK:8299
Grand T G Gold Holdings Ltd
0.18
-0.02
-10.00%
HK:8305
Tong Kee (Holding) Ltd.
0.28
0.25
833.33%
HK:8316
China Hongbao Holdings Limited
0.20
0.06
42.86%
HK:8319
Expert Systems Holdings Ltd.
0.11
<0.01
10.00%
HK:8331
P.B. Group Limited
0.14
0.01
7.69%
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.

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.