HK$8.88 intraday drop: 9660.HK stock down 8.36% in Hong Kong, eye HK$12.46
At HK$8.88 on 12 Jan 2026 intraday, 9660.HK stock is trading down 8.36%, pressured by heavy volume of 165346438.00 shares. This move follows a gap lower from an open at HK$8.97 and pushes the price below the 50-day average of HK$8.44. Traders focused on AI and autonomous driving are watching Horizon Robotics (9660.HK, HKSE) after recent strength in 2025 and divergent valuation metrics that tie current market momentum to near-term execution.
Intraday price action for 9660.HK stock
The market shows a sharp intraday reaction with 9660.HK stock at HK$8.88, down 8.36% from the prior close of HK$9.69.
Volume is elevated at 165346438.00 versus an average of 152473105.00, signalling stronger selling pressure than normal for the Hong Kong session.
Fundamentals and valuation for 9660.HK stock
Horizon Robotics (9660.HK, HKSE) reports EPS of -0.20 and a reported PE metric of -47.75, reflecting recent accounting and share-base changes.
Key valuation multiples show price/sales 34.50 and price/book 11.61, with market cap roughly 112278437135.00 HKD and cash per share 1.28. These figures point to a premium growth multiple versus Hong Kong technology peers where average P/B is 2.28.
Technical read and intraday signals on 9660.HK stock
Momentum indicators show RSI at 62.84, MACD histogram positive at 0.05, and ADX at 30.08, indicating a strong short-term trend but limited overbought risk.
Bollinger Bands sit at upper 9.32, middle 8.82, lower 8.33, placing the intraday price inside the band and near the middle band. Immediate support lies around HK$8.33 and resistance close to HK$9.32.
Meyka AI rates 9660.HK with a score out of 100 and forecast
Meyka AI rates 9660.HK with a score out of 100: 73.98 (Grade B+, Suggestion: BUY). This grade factors S&P 500 comparison, sector performance, financial growth, key metrics, and analyst consensus.
Meyka AI’s forecast model projects a yearly price of HK$12.46, implying an upside of 40.36% from the current HK$8.88. Forecasts are model-based projections and not guarantees.
Catalysts, sector context and risks for 9660.HK stock
Catalysts include rising EV and ADAS adoption in China and product rollouts of Horizon Pilot and SuperDrive that could lift revenue and gross margins.
Key risks are high valuation versus Hong Kong tech averages, stretched working capital cycles, and negative operating cash flow. The Technology sector average P/B is 2.28, while Horizon trades much higher, increasing sensitivity to growth misses.
Trading strategy and practical price targets for 9660.HK stock
For intraday traders, manage risk using the day low HK$8.71 as a near-term stop and the 50-day average HK$8.44 as a pivot.
Analyst-style price targets: conservative HK$9.65, base HK$12.46 (Meyka yearly forecast), and bullish HK$20.30 over three years. Position sizing should reflect premium valuation and volatility.
Final Thoughts
Short-term traders and AI-focused investors should note 9660.HK stock is trading at HK$8.88 intraday on 12 Jan 2026 with elevated volume and a drop of 8.36%. Fundamentals show healthy gross margins but premium multiples: P/S 34.50 and P/B 11.61, which increases upside risk if growth slows. Meyka AI’s model projects a yearly target of HK$12.46, an implied upside of 40.36% versus the current price; this is a model projection and not a guarantee. Use HK$8.33 as near support and HK$9.32 as initial resistance for trading. Our view: the stock remains a growth-biased, higher-volatility play in the AI/autonomy segment of the Hong Kong market, and investors should balance exposure with diversification and clear stop rules. Meyka AI is cited here as an AI-powered market analysis platform offering probabilistic forecasts and grades, not personal advice.
FAQs
What moved 9660.HK stock today?
Intraday selling pushed 9660.HK stock to HK$8.88, down 8.36%, driven by high volume of 165346438.00 shares and profit-taking after prior gains.
What is Meyka AI’s forecast for 9660.HK stock?
Meyka AI’s model projects a yearly price of HK$12.46 for 9660.HK stock, implying an upside of 40.36% from HK$8.88; projections are model-based and not guarantees.
Is 9660.HK stock overvalued vs peers?
Relative to Hong Kong tech averages (P/B 2.28), 9660.HK stock shows elevated multiples such as P/B 11.61 and P/S 34.50, suggesting a premium valuation that increases risk if growth slows.
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.
