3708.HK China Supply Chain (HKSE) up 33.96% pre-market: watch volume for follow-through
3708.HK stock is trading as a top pre-market gainer in Hong Kong, rising 33.96% to HK$0.355 on heavy activity. The move follows a low open at HK$0.265 and a day high of HK$0.355, with 4,251,000 shares changing hands so far. We review why China Supply Chain Holdings Limited (3708.HK) is on the move, compare its valuation metrics to the Consumer Cyclical sector, and set near-term price targets to watch in the HKD market.
Price action and volume snapshot for 3708.HK stock
China Supply Chain Holdings Limited (3708.HK) leads pre-market gainers on the HKSE with a 33.96% jump to HK$0.355. Today the stock opened at HK$0.265, hit a day low of HK$0.26, and a day high of HK$0.355. Trading volume is 4,251,000 versus an average of 5,389,362, showing elevated but not extreme participation.
Valuation and fundamentals: how 3708.HK stock compares
3708.HK shows thin profitability. Trailing EPS is -0.0002 and PE reads -1,775.00. Price to book is 12.01, above the Consumer Cyclical sector PB average of 2.30. Current ratio is healthy at 2.40, and debt to equity is low at 0.03. These metrics suggest solid liquidity but weak earnings and a premium PB valuation compared with peers.
Technicals and momentum for 3708.HK stock
Momentum indicators show the stock near oversold to neutral territory before today’s move. RSI is 30.26 and CCI is -204.88, signalling prior oversold conditions. The 50-day price average is HK$0.36 and the 200-day average is HK$0.23, placing the price between short and long-term averages. Short-term resistance sits at the year high HK$0.68 and immediate support near HK$0.26.
Meyka Grade and analyst context for 3708.HK stock
Meyka AI rates 3708.HK with a score out of 100. The score is 54.99 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. Additional third-party company rating lists a C+ with a recommendation to Sell, reflecting weak profitability but low leverage.
Forecasts, targets and model outlook for 3708.HK stock
Meyka AI’s forecast model projects monthly HK$0.19, quarterly HK$0.05, and yearly HK$0.056. Against the current price of HK$0.355, the model implies a yearly downside of -84.23%. For trading, we set a short-term technical target of HK$0.45 (implied upside 26.76%) and a higher 12-month target of HK$0.70 (implied upside 97.18%). Forecasts are model-based projections and not guarantees.
Risks and opportunities affecting 3708.HK stock
Key risks include continued negative earnings, high PB ratio pressure, and low free cash flow metrics. The company’s revenue per share is 0.09 and operating cash flow per share is -0.00, reflecting tight operating margins. Opportunities include recovery in Hong Kong residential renovation demand and further liquidity strength from a current ratio of 2.40. Monitor contract wins and quarterly updates for confirmation.
Final Thoughts
3708.HK stock is a clear pre-market top gainer on the HKSE at HK$0.355, driven by elevated volume and short-term momentum. Fundamental signals remain mixed: liquidity and low leverage are positives, but earnings are negative and valuation metrics such as PB at 12.01 exceed sector norms. Meyka AI’s forecast model projects a yearly price of HK$0.056, implying -84.23% versus the current price of HK$0.355; that projection is model-based and not a guarantee. For traders, a conservative short-term target is HK$0.45 (about 26.76% upside), while a higher risk 12-month target is HK$0.70. Investors should watch next earnings, contract flow, and daily volume for sustainability before changing positions. We use Meyka AI as an AI-powered market analysis platform to highlight these signals and recommend active risk controls for this small-cap Hong Kong stock.
FAQs
What drove the pre-market rise in 3708.HK stock today?
The pre-market rise to HK$0.355 was driven by a gap higher from an HK$0.265 open and elevated volume of 4,251,000 shares. No single analyst note is published; short-term technical buying and repositioning ahead of updates likely triggered the move.
What is Meyka AI’s grade for 3708.HK stock and what does it mean?
Meyka AI rates 3708.HK with a score out of 100. The score is 54.99 (Grade C+, suggestion HOLD). The grade balances benchmarks, sector metrics, growth and analyst signals but is informational and not investment advice.
What price targets should traders watch for 3708.HK stock?
Near-term technical target is HK$0.45 (approx 26.76% upside). A higher-risk 12-month target is HK$0.70 (approx 97.18% upside). Use stop-loss and confirm with volume and earnings before trading these levels.
How does 3708.HK stock compare to its Consumer Cyclical peers?
3708.HK has a higher price to book (12.01) than the sector average (2.30). Liquidity and current ratio are solid but earnings margins are negative, making valuation appear stretched versus peers in the Consumer Cyclical sector.
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.
