1738.HK stock down 27.66% pre-market 10 Jan 2026: HKSE top loser, 0.14 HKD target
1738.HK stock fell 27.66% pre-market to HKD 0.10 on 10 Jan 2026 after heavy selling in early trade. The slide follows thin volume of 522,500.00 shares against a 4,425,718.00 average, amplifying moves for this small-cap coal producer on the HKSE in Hong Kong. Traders cite weak fundamentals, low liquidity, and sector pressure in Energy and Coal as triggers for the move.
1738.HK stock pre-market move and market stats
The price is HKD 0.10, down 27.66% from the previous close of HKD 0.14. Volume traded pre-market was 522,500.00 shares versus an average of 4,425,718.00, increasing relative volatility.
The stock’s intraday range shows a low of HKD 0.10 and high of HKD 0.10 in pre-market. Market capitalisation stands at HKD 186,373,683.00 and shares outstanding total 1,380,545,800.00, highlighting limited free float on the HKSE.
Earnings, valuation and balance sheet risks for 1738.HK stock
Feishang Anthracite (1738.HK) reports EPS -0.51 and PE -0.26, reflecting recent losses. Price to Sales is 0.57, while book value per share is -1.38, signalling negative equity on the balance sheet.
Working capital is strained with a current ratio of 0.05 and enterprise value at HKD 2,236,840,907.86, indicating elevated leverage relative to market cap. These metrics increase financial risk for Hong Kong investors in the coal sector.
Technicals and trading signals for 1738.HK stock
Momentum shows mixed signals: RSI is 60.19, ADX at 30.84 suggests a strong short-term trend, and CCI is 151.55 indicating short-term overbought conditions. Bollinger Bands sit at 0.13/0.12/0.10 (upper/middle/lower).
Price averages are below recent peaks with 50-day mean HKD 0.14 and 200-day mean HKD 0.13, underlining recent selling pressure. Relative volume and low liquidity can drive outsized daily moves on the HKSE.
Meyka AI rates 1738.HK with a score out of 100 and forecast
Meyka AI rates 1738.HK with a score out of 100: 62.87 (Grade B, Suggestion: HOLD). This grade factors S&P 500 benchmark comparison, sector and industry performance, financial growth, key metrics, forecasts, and analyst consensus.
Meyka AI’s forecast model projects a monthly price of HKD 0.12 and a quarterly price of HKD 0.14. Compared with the current price HKD 0.10, the monthly projection implies 17.65% upside and the quarterly projection implies 37.25% upside. Forecasts are model-based projections and not guarantees.
Sector context, catalysts and risks for 1738.HK stock
The Energy sector in Hong Kong has rallied year-to-date, but coal names face mixed investor appetite. Sector average PE is 12.89, contrasting with Feishang’s negative earnings and distressed balance sheet.
Near-term catalysts include commodity demand in China and any mine production updates from Feishang’s Guizhou operations. Key risks are liquidity constraints, negative equity, and high payables days of 1,063.89, which can pressure operations and share performance on the HKSE.
Final Thoughts
1738.HK stock is a clear pre-market top loser on 10 Jan 2026 after a 27.66% drop to HKD 0.10. The move reflects low liquidity, negative earnings (EPS -0.51), and a stretched balance sheet with a current ratio 0.05. Technical indicators are mixed, with RSI 60.19 and ADX 30.84 showing a strong short-term trend. Meyka AI rates the stock 62.87/100 (B, HOLD) and models a HKD 0.12 monthly target and HKD 0.14 quarterly target, implying 17.65% and 37.25% upsides respectively versus the current price. These targets assume stable coal demand and no further operational shocks. Investors on the HKSE should weigh sector pressure, constrained liquidity, and operational risks before trading. For more data and live updates see our Meyka stock page and market feed
FAQs
Why did 1738.HK stock fall pre-market today?
1738.HK stock fell pre-market due to thin liquidity, negative earnings (EPS -0.51), and balance-sheet concerns. Low average float magnified selling pressure on the HKSE, driving a 27.66% drop to HKD 0.10.
What is Meyka AI’s forecast for 1738.HK stock?
Meyka AI’s forecast model projects HKD 0.12 monthly and HKD 0.14 quarterly prices. That implies 17.65% and 37.25% upside versus the current price of HKD 0.10. Forecasts are projections, not guarantees.
Is 1738.HK stock a buy after the pre-market drop?
Meyka AI currently assigns a B (62.87/100) grade and suggests HOLD. High leverage, negative book value, and low liquidity increase risk for new buyers on the HKSE.
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.
