1940.HK China Gas (HKSE) +17.91% after hours 30 Jan 2026: monitor volume
The top gainer after hours on 30 Jan 2026 was China Gas Industry Investment Holdings Co. Ltd. (1940.HK), which rose 17.91% to HK$1.58 on heavy activity. This surge pushed the stock to its year high HK$1.58 and came with volume at 2,722,000.00 shares, roughly 5.72x average. Traders should note that the jump follows improving operating cash flow growth and a low price-to-book near 0.98, which likely attracted short-term momentum flows. We examine valuation, technicals, Meyka AI grade and near-term price targets for the HKSE-listed utility
Price action and session context for 1940.HK stock
China Gas 1940.HK stock closed after hours at HK$1.58, up HK$0.24 or 17.91% from the previous close of HK$1.34. The intraday range was HK$1.34–HK$1.58 and volume registered 2,722,000.00 shares versus an average 475,770.00, signalling unusually strong participation. The move set a year high of HK$1.58 and widened short-term relative performance: 1M +73.63% and YTD +75.56%. On the HKSE in Hong Kong, this kind of volume spike often precedes a follow-through test the next session
Drivers and 1940.HK stock news that likely moved the tape
No single headline explained the jump, but investor focus pointed to improved cash flow metrics and rising LNG and industrial gas demand in colder months. Sector momentum in Utilities and Energy added context as oil and fuel moves have pressured related supply chains. Compare and sector data from Investing.com helped traders check peer performance source. Broader market flows and billionaire coverage from Bloomberg also shaped sentiment around infrastructure names source.
Valuation and fundamentals for 1940.HK stock
China Gas (1940.HK) trades at PE 10.53 with EPS HK$0.15 and book value per share HK$1.43. Key ratios show PB 0.98, price-to-sales 1.23 and EV/EBITDA 5.86, indicating a value tilt versus the Utilities sector average PE 9.96. Operating cash flow per share is HK$0.08 and free cash flow per share HK$0.03, which supports modest coverage despite capex. Debt metrics are conservative: debt/equity 0.23 and interest coverage 11.95, limiting refinancing risk in the near term.
Technicals and trading signals for 1940.HK stock
Momentum indicators show an overbought short-term condition: RSI 79.05 and MFI 82.76, while ADX at 31.88 signals a strong trend. Price sits above the 50-day average HK$0.88 and 200-day HK$0.64, showing sustained strength. On balance volume (OBV) at 7,676,000.00 confirms buying pressure. Traders should watch immediate support near HK$1.34 and resistance at the session high HK$1.58, with tight stop discipline given the stretched oscillators. For deeper intraday data see our Meyka stock page for 1940.HK
Meyka AI stock grade and model for 1940.HK stock
Meyka AI rates 1940.HK with a score out of 100: 69.16 | Grade B | Suggestion: HOLD. This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. The scoring blends fundamentals and momentum: strong ROA and PB readings improved the grade, while DCF signals were cautious. Meyka AI’s grade is informational and not financial advice.
Forecasts and realistic price targets for 1940.HK stock
Meyka AI’s forecast model projects a monthly target HK$1.00, a quarterly HK$1.02, and a 12‑month model at HK$0.54. Given the current price HK$1.58, our short-term technical target is HK$1.80 if volume sustains, while a conservative fair-value target sits near HK$1.00 based on recurring cash flows and peer multiples. These targets reflect model outputs and market sentiment; they are projections, not guarantees.
Final Thoughts
China Gas Industry (1940.HK) led after-hours gainers on 30 Jan 2026 with a 17.91% surge to HK$1.58, backed by 2,722,000.00 shares traded and a push above its 50- and 200-day averages. Fundamentals show attractive valuation metrics — PE 10.53, PB 0.98, and manageable leverage with debt/equity 0.23 — which help explain investor interest. Meyka AI rates 1940.HK at 69.16 (Grade B, HOLD) after weighing sector trends, financial growth and key metrics. Meyka AI’s forecast model projects a monthly HK$1.00, implying a model-based downside of -36.71% from today’s price HK$1.58, while short-term momentum scenarios could lift a technical target to HK$1.80. Investors should weigh the stretched technical readings (RSI 79.05) and heavy volume against the company’s steady cash flow and low PB. For active traders, watch next-session volume and support at HK$1.34; for longer-term investors, compare the base-case forecast with upcoming earnings due 2026-03-25 and sector dynamics in Hong Kong utilities. Meyka AI provides this as data-driven analysis, not investment advice.
FAQs
Why did 1940.HK stock jump after hours today?
1940.HK stock rose 17.91% after hours due to heavy volume, stronger operating cash flow trends and sector momentum. No single headline explained the move; traders reacted to valuation and technical breakouts on the HKSE.
What are the key valuation metrics for 1940.HK stock?
China Gas (1940.HK) trades at PE 10.53, PB 0.98, price-to-sales 1.23, and EV/EBITDA 5.86, showing a value bias versus peers in the Hong Kong Utilities sector.
What is Meyka AI’s outlook and forecast for 1940.HK stock?
Meyka AI’s forecast model projects monthly HK$1.00 and a quarter target HK$1.02 versus current HK$1.58. The model implies a downside of -36.71%; forecasts are model-based projections and not guarantees.
What technical levels should traders watch on 1940.HK stock?
Watch immediate support at HK$1.34 and session high resistance HK$1.58, with potential upside to HK$1.80 if volume holds. Note RSI 79.05 and MFI 82.76 signal short-term overbought conditions.
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.
