1091.HK South Manganese HKSE down 35.96% on 28 Jan 2026: monitor liquidity
The 1091.HK stock plunged 35.96% to HKD 0.365 as Hong Kong markets closed on 28 Jan 2026. Trading volume surged to 866,717,588.00 shares versus an average of 12,630,643.00, signalling heavy selling pressure. The intraday range was HKD 0.365–0.490, and the stock opened at HKD 0.480 after a HKD 0.57 previous close. This note explains the price move, valuation context, liquidity signals, and what analysts and traders should watch next for South Manganese Investment Limited (1091.HK, HKSE).
1091.HK stock: intraday plunge and trading stats
South Manganese Investment Limited (1091.HK) closed at HKD 0.365 on 28 Jan 2026, down 35.96% on the day. Volume spiked to 866,717,588.00, a relative volume of 6.99, showing outsized flows.
Market breadth in Basic Materials was mixed, but this move stands out for its size and volume. Price averages sit at 50-day 0.5018 and 200-day 0.39676, confirming the drop pushed shares below the 50-day mean.
Drivers behind the sell-off and 1091.HK stock news
There is no single headline in public feeds tied to the fall today. The steep drop likely reflects risk-off in small-cap miners and concentrated selling by large holders. The company website lists operations in manganese mining and battery materials, which tie the stock to commodity and battery cycles South Manganese website.
Large intraday selling may also reflect margin or block trades rather than fresh fundamental news. We note an upcoming earnings date on 14 Mar 2025 that could sharpen investor focus.
1091.HK stock fundamentals and Meyka AI grade
South Manganese trades in the Basic Materials sector on the HKSE with market cap HKD 2,567,230,099.00 and shares outstanding 4,936,980,960.00. Trailing EPS is -0.12 and PE reads -4.33, reflecting losses.
Meyka AI rates 1091.HK with a score of 59.43 out of 100 (Grade C+, Suggestion: HOLD). This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. Key ratios: PB 0.70, P/S 0.25, EV/EBITDA 9.95, and debt/equity 1.32.
Technicals, liquidity and 1091.HK stock trading signals
On-chain trading indicators show an RSI of 60.02, ADX 38.87, and MACD neutral. Bollinger Bands are Upper 0.63, Middle 0.51, Lower 0.39, indicating current price sits near the lower band.
Average volume is 12,630,643.00 but today’s 866,717,588.00 surge shows liquidity concentrated into one session. Traders should expect higher short-term volatility and wider spreads on the HKSE.
Valuation, sector context and 1091.HK stock outlook
Relative to Basic Materials peers, South Manganese shows lower price-to-sales at 0.25 versus the sector average. The company posts positive operating cash flow per share 0.36 and free cash flow per share 0.22, supporting operations despite negative net income.
Sector momentum in Basic Materials has been positive year-to-date, but commodity-sensitive names remain cyclical. Price averages show a recovery window if manganese and battery material demand strengthen.
Risks, opportunities and short-term strategy for 1091.HK stock
Material risks include high leverage with debt/equity 1.32, weak interest coverage, and negative ROE -15.35%. Working capital is tight with a current ratio 0.72, raising liquidity risk in a downturn.
Opportunities come from its Battery Materials segment and asset base in Guangxi and Gabon. For traders, consider size limits, stop-loss discipline, and watching quarterly revenue, commodity prices, and block-trade disclosures.
Final Thoughts
Key takeaways: 1091.HK stock fell 35.96% to HKD 0.365 on 28 Jan 2026 on heavy volume, underlining concentrated selling and short-term liquidity risk. Fundamentals show mixed signals: positive free cash flow per share 0.22 but negative EPS -0.12 and high debt/equity 1.32. Meyka AI’s forecast model projects a yearly price of HKD 0.353 and a monthly price of HKD 0.59. Compared with today’s price HKD 0.365, the yearly forecast implies -3.24% downside, while the monthly model implies +61.64% upside. Forecasts are model-based projections and not guarantees. Traders should prioritise liquidity management, monitor manganese and battery demand, and await the next earnings update on 14 Mar 2025 before increasing position size. Meyka AI provided the grade and forecast as part of our AI-powered market analysis platform.
FAQs
Why did 1091.HK stock drop so sharply on 28 Jan 2026?
The drop reflects heavy, concentrated selling with volume 866,717,588.00, not a single public headline. Likely drivers are block trades, risk-off flows, and position liquidation in a small-cap miner.
What is Meyka AI’s view of 1091.HK stock?
Meyka AI rates 1091.HK with a score of 59.43 out of 100 (Grade C+, Suggestion: HOLD). This considers benchmark, sector, growth, metrics, and analyst views.
What price targets or forecasts exist for 1091.HK stock?
Meyka AI’s forecast model projects monthly HKD 0.59 and yearly HKD 0.353. Compared to today’s HKD 0.365, the yearly view shows -3.24% downside. Forecasts are not guarantees.
Should investors buy South Manganese (1091.HK) after the sell-off?
Buying depends on risk tolerance. The stock has negative EPS -0.12, high debt/equity 1.32, and low current ratio 0.72. If you buy, limit position size and use strict risk controls.
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.
