Why did 1720.HK stock surge after hours on 24 Feb 2026?

The after-hours surge likely reflects heavy retail buying, short covering and momentum flows. Volume reached **60,570,000**, much above the average. No single regulatory announcement explained the move, so monitor company filings and trading notices for confirmation.

What are Meyka AI’s forecasts and how do they compare to the 1720.HK stock price?

Meyka AI's forecast model projects a one-year price of **HKD 0.21**, a three-year price **HKD 0.35**, and a five-year price **HKD 0.49**. Compared with the current **HKD 0.66**, these point to sizable downside by the one-year horizon.

Is 1720.HK stock a buy after the jump?

Given overbought technicals (RSI **88.09**) and long receivables days, the stock looks risky for buy-and-hold. Short-term traders may exploit momentum, while longer-term investors should wait for clearer fundamentals and official catalysts.

Where can I find Putian company information and filings for 1720.HK stock?

Company information is on Putian’s website at [Putian website](https://www.potel-group.com). Also check exchange notices on the HKSE portal and independent data providers for filings and trading alerts.

HK Stocks

Putian 1720.HK up 94.12% to HKD 0.66 on HKSE 24 Feb 2026: short-term momentum

ByDanny Kontos February 24, 2026

Putian Communication Group Limited (1720.HK stock) surged 94.12% to HKD 0.66 in after-hours trade on 24 Feb 2026, led by a huge volume spike of 60,570,000 shares versus an average of 4,528,271. The move made 1720.HK one of Hong Kong’s top gainers on the HKSE in the session. We examine the drivers, valuation, technicals and short-term price targets to help traders and investors assess whether this momentum can persist.