3869.HK falls 21.84% to HK$3.90 on 12 Mar 2026: trading below HK$4.00 draws analyst focus

The 3869.HK stock plunged 21.84% intraday to HK$3.90 on 12 Mar 2026, trading below its reported 52-week low of HK$4.00. Volume was light at 200 shares versus an average of 196, but relative volume spiked to 30.61. The move follows mixed sector sentiment in Hong Kong healthcare and places fresh emphasis on valuation, debt metrics and upcoming catalysts for Hospital Corporation of China Limited on the HKSE.