New Risk • Jun 30
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: HK$76.6m (US$9.77m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 62% per year over the past 5 years. Market cap is less than US$10m (HK$76.6m market cap, or US$9.77m). Announcement • Jun 27
Starlite Holdings Limited, Annual General Meeting, Aug 26, 2026 Starlite Holdings Limited, Annual General Meeting, Aug 26, 2026. New Risk • Dec 19
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: HK$77.6m (US$9.97m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 31% per year over the past 5 years. Market cap is less than US$10m (HK$77.6m market cap, or US$9.97m). Reported Earnings • Nov 29
First half 2026 earnings released: HK$0.058 loss per share (vs HK$0.015 profit in 1H 2025) First half 2026 results: HK$0.058 loss per share (down from HK$0.015 profit in 1H 2025). Revenue: HK$429.4m (down 16% from 1H 2025). Net loss: HK$28.8m (down 497% from profit in 1H 2025). Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Announcement • Nov 13
Starlite Holdings Limited to Report First Half, 2026 Results on Nov 27, 2025 Starlite Holdings Limited announced that they will report first half, 2026 results on Nov 27, 2025 New Risk • Jun 28
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. The company is paying a dividend despite being loss-making. The company is paying a dividend despite having no free cash flows. Dividend yield: 16% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 12% per year over the past 5 years. Minor Risk Market cap is less than US$100m (HK$92.1m market cap, or US$11.7m). Reported Earnings • Jun 28
Full year 2025 earnings released: HK$0.054 loss per share (vs HK$0.035 profit in FY 2024) Full year 2025 results: HK$0.054 loss per share (down from HK$0.035 profit in FY 2024). Revenue: HK$895.3m (up 7.3% from FY 2024). Net loss: HK$26.9m (down 255% from profit in FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 97 percentage points per year, which is a significant difference in performance. Announcement • Jun 27
Starlite Holdings Limited, Annual General Meeting, Aug 27, 2025 Starlite Holdings Limited, Annual General Meeting, Aug 27, 2025. New Risk • Jun 24
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported September 2024 fiscal period end). Paying a dividend despite having no free cash flows. Market cap is less than US$100m (HK$94.6m market cap, or US$12.1m). Announcement • Jun 11
Starlite Holdings Limited to Report Fiscal Year 2025 Results on Jun 27, 2025 Starlite Holdings Limited announced that they will report fiscal year 2025 results on Jun 27, 2025 Upcoming Dividend • Dec 27
Upcoming dividend of HK$0.01 per share Eligible shareholders must have bought the stock before 03 January 2025. Payment date: 19 February 2025. Payout ratio is a comfortable 70% but the company is not cash flow positive. Trailing yield: 15%. Within top quartile of Hong Kong dividend payers (8.0%). Higher than average of industry peers (3.9%). Reported Earnings • Nov 26
First half 2025 earnings released: EPS: HK$0.015 (vs HK$0.014 in 1H 2024) First half 2025 results: EPS: HK$0.015 (up from HK$0.014 in 1H 2024). Revenue: HK$508.6m (up 11% from 1H 2024). Net income: HK$7.26m (up 5.6% from 1H 2024). Profit margin: 1.4% (in line with 1H 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 87 percentage points per year, which is a significant difference in performance. Declared Dividend • Nov 25
First half dividend of HK$0.01 announced Dividend of HK$0.01 is the same as last year. Ex-date: 3rd January 2025 Payment date: 19th February 2025 Dividend yield will be 13%, which is higher than the industry average of 3.5%. Sustainability & Growth Dividend is covered by earnings (42% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 4.1% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 4.0% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Nov 22
Starlite Holdings Limited Announces Interim (Semi-Annual) Dividend for the Financial Year End 31 March 2025, Payable February 19, 2025 Starlite Holdings Limited announces Interim (Semi-annual) dividend of HKD 0.01 per share for the financial year end 31 March 2025. Ex-dividend date 03 January 2025, Record date 10 January 2025 and Payment date 19 February 2025. Announcement • Nov 11
Starlite Holdings Limited to Report First Half, 2025 Results on Nov 22, 2024 Starlite Holdings Limited announced that they will report first half, 2025 results on Nov 22, 2024 Upcoming Dividend • Aug 22
Upcoming dividend of HK$0.015 per share Eligible shareholders must have bought the stock before 29 August 2024. Payment date: 18 October 2024. Payout ratio is a comfortable 72% but the company is not cash flow positive. Trailing yield: 16%. Within top quartile of Hong Kong dividend payers (8.3%). Higher than average of industry peers (3.8%). Buy Or Sell Opportunity • Jul 02
Now 63% undervalued Over the last 90 days, the stock has risen 2.6% to HK$0.20. The fair value is estimated to be HK$0.54, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 9.3% over the last 3 years. Meanwhile, the company has become profitable. Announcement • Jun 28
Starlite Holdings Limited, Annual General Meeting, Aug 21, 2024 Starlite Holdings Limited, Annual General Meeting, Aug 21, 2024. Reported Earnings • Jun 28
Full year 2024 earnings released: EPS: HK$0.035 (vs HK$0.013 in FY 2023) Full year 2024 results: EPS: HK$0.035 (up from HK$0.013 in FY 2023). Revenue: HK$834.7m (down 9.6% from FY 2023). Net income: HK$17.4m (up 169% from FY 2023). Profit margin: 2.1% (up from 0.7% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Buy Or Sell Opportunity • Jun 24
Now 21% overvalued Over the last 90 days, the stock has fallen 6.5% to HK$0.19. The fair value is estimated to be HK$0.16, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 5.5% over the last 3 years. Meanwhile, the company has become profitable. Announcement • Jun 14
Starlite Holdings Limited to Report Fiscal Year 2024 Results on Jun 27, 2024 Starlite Holdings Limited announced that they will report fiscal year 2024 results on Jun 27, 2024 Buy Or Sell Opportunity • Jun 03
Now 21% overvalued Over the last 90 days, the stock has fallen 5.1% to HK$0.19. The fair value is estimated to be HK$0.16, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 5.5% over the last 3 years. Meanwhile, the company has become profitable. Buy Or Sell Opportunity • May 09
Now 23% overvalued Over the last 90 days, the stock has fallen 1.0% to HK$0.19. The fair value is estimated to be HK$0.16, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 5.5% over the last 3 years. Meanwhile, the company has become profitable. Buy Or Sell Opportunity • Apr 23
Now 28% overvalued after recent price rise Over the last 90 days, the stock has risen 8.6% to HK$0.20. The fair value is estimated to be HK$0.16, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 5.5% over the last 3 years. Meanwhile, the company has become profitable. Buy Or Sell Opportunity • Mar 26
Now 26% overvalued Over the last 90 days, the stock has fallen 2.4% to HK$0.20. The fair value is estimated to be HK$0.16, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 5.5% over the last 3 years. Meanwhile, the company has become profitable. Buy Or Sell Opportunity • Mar 07
Now 22% overvalued Over the last 90 days, the stock has fallen 5.4% to HK$0.19. The fair value is estimated to be HK$0.16, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 5.5% over the last 3 years. Meanwhile, the company has become profitable. Upcoming Dividend • Dec 29
Upcoming dividend of HK$0.01 per share at 5.0% yield Eligible shareholders must have bought the stock before 05 January 2024. Payment date: 21 February 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 5.0%. Lower than top quartile of Hong Kong dividend payers (8.3%). Higher than average of industry peers (3.6%). Reported Earnings • Nov 30
First half 2024 earnings released: EPS: HK$0.014 (vs HK$0.017 in 1H 2023) First half 2024 results: EPS: HK$0.014 (down from HK$0.017 in 1H 2023). Revenue: HK$459.7m (down 15% from 1H 2023). Net income: HK$6.87m (down 23% from 1H 2023). Profit margin: 1.5% (down from 1.6% in 1H 2023). Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 10% per year, which means it is performing significantly worse than earnings. Announcement • Nov 29
Starlite Holdings Limited Announces Interim Dividend for the Six Months Ended September 30, 2023, Payable on 21 February 2024 Starlite Holdings Limited announced interim dividend of HKD 0.01 per share for the six months ended September 30, 2023. Ex-dividend date is 05 January 2024. Record date is 12 January 2024. Payment date is 21 February 2024. Announcement • Jun 29
Starlite Holdings Limited, Annual General Meeting, Aug 22, 2023 Starlite Holdings Limited, Annual General Meeting, Aug 22, 2023. Reported Earnings • Jun 29
Full year 2023 earnings released: EPS: HK$0.013 (vs HK$0.68 in FY 2022) Full year 2023 results: EPS: HK$0.013 (down from HK$0.68 in FY 2022). Revenue: HK$923.2m (down 12% from FY 2022). Net income: HK$6.48m (down 98% from FY 2022). Profit margin: 0.7% (down from 34% in FY 2022). Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings. Announcement • Jun 13
Starlite Holdings Limited to Report Fiscal Year 2023 Results on Jun 28, 2023 Starlite Holdings Limited announced that they will report fiscal year 2023 results on Jun 28, 2023 New Risk • Jun 12
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported September 2022 fiscal period end). Paying a dividend despite being loss-making. Market cap is less than US$100m (HK$105.4m market cap, or US$13.4m). Upcoming Dividend • Dec 30
Upcoming dividend of HK$0.01 per share Eligible shareholders must have bought the stock before 06 January 2023. Payment date: 16 February 2023. The company is not currently making a profit but it is cash flow positive. Trailing yield: 8.1%. Lower than top quartile of Hong Kong dividend payers (8.4%). Higher than average of industry peers (5.7%). Reported Earnings • Nov 29
First half 2023 earnings released First half 2023 results: Revenue: HK$541.5m (down 2.8% from 1H 2022). Net income: HK$8.92m (down 98% from 1H 2022). Profit margin: 1.6% (down from 75% in 1H 2022). Announcement • Nov 29
Starlite Holdings Limited Announces Interim Dividend for the Six Months Ended 30Th September, 2022, Payable on 16 February 2023 Starlite Holdings Limited announced interim dividend of HKD 0.01 per share for the six months ended September 30, 2022. Ex-dividend date is 06 January 2023. Record date is 13 January 2023. Payment date is 16 February 2023. Board Change • Nov 16
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 2 experienced directors. 5 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Non-Executive Director Larry Kwok was the last independent director to join the board, commencing their role in 2004. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Nov 09
Starlite Holdings Limited to Report First Half, 2023 Results on Nov 28, 2022 Starlite Holdings Limited announced that they will report first half, 2023 results on Nov 28, 2022 Reported Earnings • Jun 30
Full year 2022 earnings released: EPS: HK$0.68 (vs HK$0.19 loss in FY 2021) Full year 2022 results: EPS: HK$0.68 (up from HK$0.19 loss in FY 2021). Revenue: HK$1.05b (flat on FY 2021). Net income: HK$357.5m (up HK$456.0m from FY 2021). Profit margin: 34% (up from net loss in FY 2021). Over the last 3 years on average, earnings per share has increased by 106% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Announcement • Jun 30
Starlite Holdings Limited, Annual General Meeting, Aug 18, 2022 Starlite Holdings Limited, Annual General Meeting, Aug 18, 2022. Announcement • Jun 14
Starlite Holdings Limited to Report Fiscal Year 2022 Results on Jun 29, 2022 Starlite Holdings Limited announced that they will report fiscal year 2022 results on Jun 29, 2022 Board Change • Apr 27
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 2 experienced directors. 5 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Non-Executive Director Larry Kwok was the last independent director to join the board, commencing their role in 2004. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Upcoming Dividend • Dec 09
Upcoming dividend of HK$0.11 per share Eligible shareholders must have bought the stock before 16 December 2021. Payment date: 07 January 2022. Payout ratio is a comfortable 0.7% but the company is not cash flow positive. Trailing yield: 4.5%. Lower than top quartile of Hong Kong dividend payers (7.2%). Lower than average of industry peers (6.6%). Reported Earnings • Nov 29
First half 2022 earnings: Revenues and EPS in line with analyst expectations First half 2022 results: EPS: HK$0.80 (up from HK$0.13 loss in 1H 2021). Revenue: HK$556.9m (flat on 1H 2021). Net income: HK$417.7m (up HK$487.6m from 1H 2021). Profit margin: 75% (up from net loss in 1H 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Announcement • Nov 27
Starlite Holdings Limited Announces Special Dividend for the Six Months Ended September 30, 2021, Payable on January 7, 2022 Starlite Holdings Limited announced special dividend of HKD 0.10 per share for the six months ended September 30, 2021. Ex-dividend date is December 16, 2021. Record date is December 23, 2021. Payment date is January 7, 2022. Reported Earnings • Jul 01
Full year 2021 earnings released: HK$0.19 loss per share (vs HK$0.016 profit in FY 2020) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2021 results: Revenue: HK$1.06b (down 6.9% from FY 2020). Net loss: HK$98.5m (down HK$107.0m from profit in FY 2020). Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Announcement • Jun 09
Chan King and Wu Jingyi completed the acquisition of Starlite Printers (Shenzhen) Co., Ltd. from Starlite Holdings Limited (SEHK:403). Chan King and Wu Jingyi entered into a share transfer agreement to acquire Starlite Printers (Shenzhen) Co., Ltd. from Starlite Holdings Limited (SEHK:403) for approximately CNY 320 million on February 21, 2020. Under the term, Chan King and Wu Jingyi will pay CNY 10 million within five business days of the date of signing of the equity transfer agreement, CNY 63.2 million within five business days of the satisfaction of the initial payment conditions and the remaining balance will be paid within five business days after the completion condition satisfaction date. Post completion, Starlite Printers (Shenzhen) Co., Ltd. will cease to be a subsidiary of Starlite Holdings Limited. In case of termination, Chan King, Wu Jingyi and Starlite Holdings will pay a termination fee of CNY 170 million.
As of March 31, 2019, Starlite Printers (Shenzhen) Co., Ltd reported net loss of CNY 29.04 million. The transaction is subject to the entering into of the loan agreement by the parties, obtained the necessary approvals, consents or waivers, shareholder approval of Starlite Holdings Limited and Starlite Printers (Shenzhen) Co., Ltd. As of April 8, 2020, the shareholders of Starlite Holdings Limited have approved the acquisition. The proceed from sale of approximately CNY 100 million will be used for manufacturing plants and factories in Shaoguan and the expansion of those manufacturing plants and factories, an amount of approximately CNY 4.82 million will be used for payment of professional fees, an amount of approximately CNY 45.83 million will be used for payment of tax and related expenses, an amount of approximately CNY 29.27 million will be used for payment of severance and relocation cost and an amount of approximately CNY 139.28 million will be used for working capital.
Chan King and Wu Jingyi completed the acquisition of Starlite Printers (Shenzhen) Co., Ltd. from Starlite Holdings Limited (SEHK:403) on June 8, 2021. Following Completion, Starlite Holdings no longer owns any shares of Starlite Printers and the Starlite Printers has ceased to be a subsidiary of Starlite Holdings. All completion conditions have been satisfied. Pursuant to the agreement, on 8 June 2021, Starlite Holdings and Chan King and Wu Jingyi had jointly provided instructions to transfer the balance of the consideration in the amount of CNY256,000,000 from the Escrow Account to the Starlite Holdings. Is New 90 Day High Low • Mar 01
New 90-day high: HK$0.34 The company is up 21% from its price of HK$0.28 on 01 December 2020. The Hong Kong market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Packaging industry, which is up 16% over the same period. Is New 90 Day High Low • Dec 22
New 90-day low: HK$0.27 The company is down 16% from its price of HK$0.32 on 23 September 2020. The Hong Kong market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Packaging industry, which is up 18% over the same period. Reported Earnings • Dec 14
First half 2021 earnings released: HK$0.13 loss per share The company reported a poor first half result with weaker earnings, revenues and control over expenses. First half 2021 results: Revenue: HK$559.8m (down 20% from 1H 2020). Net loss: HK$69.9m (down HK$86.2m from profit in 1H 2020). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 30
First half 2021 earnings released: HK$0.13 loss per share The company reported a poor first half result with weaker earnings, revenues and control over expenses. First half 2021 results: Revenue: HK$559.8m (down 20% from 1H 2020). Net loss: HK$69.9m (down HK$86.2m from profit in 1H 2020). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Nov 23
New 90-day low: HK$0.30 The company is down 26% from its price of HK$0.41 on 25 August 2020. The Hong Kong market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Packaging industry, which is up 13% over the same period. Announcement • Nov 12
Starlite Holdings Limited to Report First Half, 2021 Results on Nov 27, 2020 Starlite Holdings Limited announced that they will report first half, 2021 results on Nov 27, 2020