2163.HK Broad Homes (HKSE) HK$0.60 09 Jan 2026: Market closed, oversold bounce
The 2163.HK stock closed at HK$0.60 on 09 Jan 2026, down 4.76% on volume 623,700 as traders reacted to long-term weakness and near-term oversold signals. Price sits near the 50-day average HK$0.63 and well below the 200-day HK$0.80, marking a stretched move from the year high HK$2.29. This makes Changsha Broad Homes (2163.HK) a candidate for an oversold bounce play in Hong Kong, provided catalysts or improved working capital metrics arrive.
2163.HK stock: Price action and liquidity
Changsha Broad Homes (2163.HK) closed at HK$0.60 on the HKSE with volume 623,700, above its average 240,920. The stock traded between HK$0.59 and HK$0.66 today. The year range is HK$0.40 to HK$2.29, so current price sits near the lower quartile and shows elevated relative volume, which often precedes short-term mean reversion.
2163.HK stock: Fundamentals and valuation
Fundamentals show mixed signals: EPS -1.35, PE -0.44, price-to-book 0.09, and market cap HK$292,583,648.00. Book value per share is HK$6.67 while cash per share is HK$0.79. Debt-to-equity stands at 1.31 and current ratio is 0.79, indicating liquidity pressure. Price multiples are low, but earnings are negative, so valuation is opportunistic only if earnings recover.
2163.HK stock: Technicals and oversold bounce setup
Technically the stock is oversold versus its 50- and 200-day averages and shows a high relative volume spike. The 50-day average HK$0.63 and 200-day HK$0.80 are immediate resistance levels. Short-term traders can watch for a daily close above HK$0.66 to confirm a bounce. Risk remains high given volatile past year performance of -72.09% over 12 months.
Meyka AI rates 2163.HK with a score out of 100 and model forecast
Meyka AI rates 2163.HK with a score out of 100: 68.72 (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 HK$0.90, versus current HK$0.60, implying a 50.00% upside. Forecasts are model-based projections and not guarantees.
2163.HK stock: Catalysts, sector context and risks
Key catalysts include stronger working capital, faster receivables collection, and better order flow in prefabricated concrete units. The Industrials sector in Hong Kong has YTD performance 32.95%, outpacing 2163.HK. Major risks are stretched receivables (days sales outstanding 401.47), negative operating margin, and interest coverage -0.67, which may limit any sustained recovery without operational fixes.
2163.HK stock: Strategy and trade plan
For an oversold bounce strategy, consider a staged entry with strict stop loss. Entry zone HK$0.58–0.62, first target HK$0.90 (Meyka forecast), and secondary target HK$1.20 for a recovery scenario. Use position size limits because liquidity and negative earnings drive high downside risk.
Final Thoughts
Key takeaways for the 2163.HK stock: the share price closed at HK$0.60 on 09 Jan 2026 with stronger-than-normal volume, creating an oversold bounce setup. Fundamentals remain challenged — EPS -1.35, PE -0.44, current ratio 0.79, and high days sales outstanding 401.47 — so any bounce is tactical, not structural. Meyka AI’s forecast model projects HK$0.90, implying 50.00% upside from today, while a conservative multi-month recovery target is HK$1.20. Traders pursuing an oversold bounce should size positions carefully, use a stop below HK$0.56, and watch working capital improvements or contract wins as confirmation. Meyka AI, an AI-powered market analysis platform, flags 2163.HK for short-term recovery potential, but the grade B (HOLD) reflects material execution and liquidity risks. Forecasts are model-based projections and not guarantees.
FAQs
Is 2163.HK stock a buy after today’s drop?
2163.HK stock shows an oversold bounce setup, but fundamentals are weak. Consider staged buys with stops and wait for a daily close above HK$0.66 for confirmation before increasing exposure.
What price target does Meyka AI give for 2163.HK stock?
Meyka AI’s forecast model projects HK$0.90 for 2163.HK stock, implying a 50.00% upside versus the current HK$0.60. This is a model projection, not a guarantee.
What are the main risks for 2163.HK stock investors?
Main risks for 2163.HK stock include negative earnings, tight liquidity (current ratio 0.79), high receivables days (401.47), and elevated debt-to-equity 1.31, which can limit any recovery.
How should traders use the oversold bounce strategy on 2163.HK stock?
Use a staged entry between HK$0.58–0.62, set a stop near HK$0.56, take partial profits at HK$0.90, and reassess if price fails to clear the 50-day average HK$0.63.
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.
