0432.HK stock up 38% to HK$0.285 intraday on 21.09M volume: technical levels to watch

We saw 0432.HK stock rally 38.35% intraday to HK$0.285 on heavy trading, volume 21.09M shares, making it one of Hong Kong’s top gainers this session. The move lifted price above the 50-day average HK$0.20 and pushed the stock past its 12-month high of HK$0.255. Traders cited short-covering and a volume spike as immediate drivers. Below we break down valuation, technical signals, Meyka AI grade and forecasts, and what active traders should monitor in the HKSE real estate context.