What caused the 24.05% drop in 8406.HK stock today?

The decline followed heavy selling on thin bids, negative profitability metrics, and no offsetting positive news. Volume rose to **3,920,000.00** shares, indicating stronger outflows versus the average **1,128,245.00**.

What is Meyka AI’s 12-month forecast for 8406.HK stock?

Meyka AI's forecast model projects **HK$0.08543** in 12 months, implying **+42.38%** upside from the current **HK$0.06**. Forecasts are model-based projections and not guarantees.

Is China Oral (8406.HK) undervalued based on fundamentals?

Valuation ratios like **PB 0.57** and **P/S 0.37** point to low market pricing, but negative margins and EPS **-0.01** raise concerns. The balance sheet shows low leverage and **cash per share HK$0.06**.

What short-term supports and resistances should traders watch?

Watch the **HK$0.05–HK$0.06** support zone and resistance near **HK$0.08–HK$0.09**. A volume-backed move through these levels would alter the short-term bias.

HK Stocks

8406.HK down 24.05% to HK$0.06 after hours on 17 Mar 2026: key drivers to watch

ByDanny Kontos March 17, 2026

The 8406.HK stock tumbled 24.05% after hours on 17 Mar 2026, slipping to HK$0.06 on the HKSE as volume spiked to 3,920,000.00 shares. Traders reacted to weak fundamentals and a low float trading against an already depressed share price. This article reviews the immediate price action, key financial metrics, technical signals, and what analysts and active traders should watch next for China Oral Industry Group Holdings Limited on the Hong Kong market.