HKSE: 1293.HK Grand Baoxin at HK$0.086 on 28 Jan 2026: Oversold bounce watch
Shares of Grand Baoxin Auto Group Limited (1293.HK stock) fell -35.82% to HK$0.086 in intraday trade on 28 Jan 2026 on the HKSE, driven by heavy selling and a volume surge to 9,008,500 shares (relative volume 8.90). The sharp drop pushed the price below the 50-day and 200-day averages of HK$0.15, creating a classic oversold bounce setup for short-term traders. We outline technical triggers, fundamental context, and a practical intraday trade plan with model targets and risk points for Hong Kong investors.
Intraday price action and volume: 1293.HK stock
1293.HK stock opened at HK$0.13, hit a day high of HK$0.13, and a day low of HK$0.08 before settling at HK$0.086. The one-day change was -35.82% versus the previous close of HK$0.13. Volume of 9,008,500 versus an average 1,011,683 shows outsized trading and liquidity for intraday moves on the HKSE.
Technical outlook and oversold bounce case: 1293.HK stock
The price sits well below the 50-day average (HK$0.15) and 200-day average (HK$0.15), signaling oversold conditions after the steep fall. High relative volume (8.90) increases the chance of a sharp mean-reversion bounce to resistance zones at HK$0.13 and HK$0.15. Key support is the year low HK$0.08; a sustained trade below that level would invalidate a bounce thesis for intraday traders.
Fundamentals and valuation snapshot: 1293.HK stock
Grand Baoxin shows a market cap of HK$244,025,984 with 2,837,511,441 shares outstanding. Reported EPS is -0.10 and reported P/E in the quote equals -0.86, reflecting recent losses. Book value per share is HK$2.73, giving a low price-to-book ratio near 0.03. Current ratio is 1.32 and debt-to-equity is 0.91, underlining moderate leverage in the Auto – Dealerships sector in Mainland China.
Catalysts and risks for an intraday bounce: 1293.HK stock
Catalysts that could support a rebound include bargain-hunting flows, short-covering after the steep drop, and any company updates ahead of the earnings announcement scheduled for 2026-03-26. Risks include thin baseline liquidity outside the surge, exposure to Mainland China auto sales, and stretched enterprise value metrics versus operating cash flow, which can limit sustained recoveries.
Meyka AI rates and model outlook: 1293.HK stock
Meyka AI rates 1293.HK with a score out of 100: 57.59 (C+, HOLD). This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. The grade highlights mixed fundamentals and high short-term volatility. Meyka AI’s forecast model projects short-term mean reversion to HK$0.13 (4-week) and a 12-week scenario to HK$0.18, versus the current price HKD 0.086. Forecasts are model-based projections and not guarantees.
Trading plan and risk controls: 1293.HK stock
For the oversold bounce strategy, consider a cautious scale-in between HK$0.08 and HK$0.09 with a tight stop below HK$0.07. Target partial exits at HK$0.13 and HK$0.18. Limit position size given the stock’s volatility and the gap between book value and market price. Use strict risk management and avoid carrying large positions overnight on the HKSE.
Final Thoughts
1293.HK stock shows an intraday oversold setup after a -35.82% drop to HK$0.086 on 28 Jan 2026. The volume spike to 9,008,500 indicates genuine selling pressure followed by the potential for a sharp bounce to short-term resistance at HK$0.13 and the 50/200-day averages near HK$0.15. Meyka AI’s forecast model projects a 4-week target of HK$0.13 and a 12-week target of HK$0.18, implying potential upside of +51.16% and +109.30% versus the current HKD 0.086. These projections are model-based and not guarantees. Given the company’s negative EPS, low price-to-book, and moderate leverage, any intraday bounce should be traded with disciplined stops and position sizing. We include this stock on our intraday oversold bounce watch list, noting that catalysts such as short-covering or company updates could fuel a quick recovery, while structural risks in the auto-dealership sector and low baseline liquidity could cap sustained gains. Meyka AI provides this as AI-powered market analysis, not investment advice.
FAQs
What caused the intraday drop for 1293.HK stock?
The drop reflects heavy selling and a volume surge to 9,008,500 shares. Market moves likely combine earnings uncertainty, sector sensitivity in auto dealerships in China, and short-covering dynamics. No single public catalyst was confirmed at release.
Is a short-term bounce likely for 1293.HK stock?
A short-term bounce is possible given the oversold price and high relative volume. Key bounce targets are HK$0.13 and HK$0.15. Use tight stops since support near HK$0.08 must hold for the bounce thesis to remain valid.
How does Meyka AI view 1293.HK stock in its grading?
Meyka AI rates 1293.HK with a score out of 100: 57.59 (C+, HOLD). The grade combines benchmark, sector, financial growth, metrics, and analyst inputs. Grades are informational and not financial advice.
Disclaimer:
Stock markets involve risks. This content is for informational purposes only. Past performance does not guarantee future results. Meyka AI PTY LTD provides market analysis and data insights, not financial advice. Always conduct your own research and consider consulting a licensed financial advisor.
