HKD 0.15 close for 8039.HK China Come Ride HKSE Jan 09 2026: Oversold bounce
The 8039.HK stock closed at HKD 0.151 on 09 Jan 2026, signalling a potential oversold bounce after a 1-year decline of 49.67%. Volume of 312,000 shares was above the 50-day average of 201,311, suggesting short-term buyer interest. Traders should weigh a low market cap of HKD 74,443,000.00 and negative EPS -0.01 against the bounce setup before taking positions.
8039.HK stock: immediate price action and context
China Come Ride New Energy Group Limited (8039.HK) on the HKSE opened at HKD 0.139 and closed at HKD 0.151 with a day high of HKD 0.15 and day low of HKD 0.12. The stock traded 312,000 shares versus average volume 201,311, a relative volume of 1.55 that supports a short-term recovery view.
The one-year range shows a high of HKD 0.48 and a low of HKD 0.08, placing today’s close nearer the lower band and consistent with an oversold bounce setup rather than a sustained reversal.
Fundamentals and valuation for China Come Ride New Energy (8039.HK)
8039.HK carries a market capitalisation of HKD 74,443,000.00 and 493,000,000 shares outstanding. Trailing EPS is -0.01 and trailing PE reads -15.10, reflecting net losses and thin earnings coverage.
Key ratios show price to sales 2.43 and enterprise value HKD 77,872,000.00, while book value per share is negative. These metrics underline weak fundamentals that make any bounce tactical and short-term focused.
Technicals and trading flow supporting an oversold bounce
Price sits above the 50-day average of HKD 0.13 and the 200-day average of HKD 0.13, a positive near-term signal after an extended decline. The stock has gained 49.50% over the past three months, which suggests recent accumulation ahead of today’s close.
Average trading metrics — 50-day price HKD 0.13, 200-day price HKD 0.13 and current relative volume 1.55 — support a short tradeable bounce but not a structural recovery.
Meyka AI rates 8039.HK with a score out of 100 and model forecast
Meyka AI rates 8039.HK with a score out of 100: 69.64 (Grade B — HOLD). This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus.
Meyka AI’s forecast model projects a near-term target of HKD 0.21 and a medium-term target of HKD 0.35 versus the current price HKD 0.151. The implied upside is 39.07% to HKD 0.21 and 131.79% to HKD 0.35. Forecasts are model-based projections and not guarantees.
Risks and catalysts for 8039.HK stock
Major risks include continued negative EPS, thin free cash flow, and negative book value per share. Interest coverage is weak and current ratio is 0.69, increasing operational risk if revenue weakens.
Potential catalysts that could support a stronger bounce include improved contract wins in its engineering consultancy business, licensing revenues, or an update on its hydrogen-rich water generator leasing segment.
Oversold bounce strategy and trade plan for 8039.HK
For an oversold bounce, traders can consider a tactical long with a tight stop below HKD 0.12 and a first profit target near HKD 0.21. Position size should be small given market cap HKD 74,443,000.00 and low liquidity.
Use intraday or multi-day timeframes, monitor volume above 201,311, and watch company updates and sector flows in Hong Kong industrials for confirmation.
Final Thoughts
Short-term technicals favor an oversold bounce for the 8039.HK stock after a HKD 0.151 close on 09 Jan 2026, supported by above-average volume 312,000 and recent three-month gains of 49.50%. Fundamentals remain weak: EPS -0.01, PE -15.10, negative book value, and small market cap HKD 74,443,000.00. Meyka AI’s forecast model projects HKD 0.21 as a near-term target (implied upside 39.07%) and HKD 0.35 medium-term (implied upside 131.79%). These targets are model-based projections and not guarantees. For investors, treat any long exposure as tactical, size positions conservatively, and hedge tail risk. For live screens and real-time alerts use Meyka AI’s AI-powered market analysis platform for updates and trade signals.
FAQs
Is 8039.HK stock a buy after the Jan 09 2026 close?
8039.HK stock shows a short-term bounce setup but weak fundamentals. Meyka AI grades it B (HOLD). Consider a tactical trade with small size and stop loss rather than a long-term buy given negative EPS and low market cap.
What price targets does Meyka AI give for 8039.HK stock?
Meyka AI’s model projects a near-term target of HKD 0.21 and medium-term HKD 0.35 against the current HKD 0.151. These are model projections and not guarantees.
What are the biggest risks for 8039.HK stock investors?
Key risks include continued losses (EPS -0.01), negative book value, low current ratio 0.69, and thin liquidity. A failed bounce could push price toward the year low HKD 0.08.
How should traders approach an oversold bounce in 8039.HK stock?
Use a tactical plan: small position sizes, stop loss near HKD 0.12, first target HKD 0.21, and watch volume above 201,311. Monitor company updates and sector flows in Hong Kong.
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.
