0924.HK Khoon Group (HKSE) -21.33% intraday 13 Jan 2026: liquidity watch
The 0924.HK stock plunged 21.33% intraday on 13 Jan 2026, trading at HKD 0.177 after opening at HKD 0.22. Volume reached 792000 shares versus an average of 319344, flagging heavy selling pressure. The drop follows weak short-term momentum and puts focus on liquidity, short-term support, and the stock’s recovery prospects on the HKSE in Hong Kong.
Intraday price action for 0924.HK stock
Khoon Group Limited (0924.HK) moved between HKD 0.176 low and HKD 0.22 high today. The share price fell HKD 0.048 from prior close HKD 0.225. Trading volume was 792000, a 2.51x relative volume surge, indicating aggressive selling interest.
Fundamentals and valuation for 0924.HK stock
Revenue per share sits at HKD 0.08 and EPS is -HKD 0.01, producing a negative PE and a reported PE of -17.70. Price to book is 0.85, and current ratio is 3.49, showing near-term liquidity but weak profitability. The year high is HKD 0.54 and year low is HKD 0.07, illustrating wide price dispersion.
Meyka AI grade and technicals for 0924.HK stock
Meyka AI rates 0924.HK with a score out of 100: 59.60 (Grade C+, Suggestion: HOLD). This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. Technical indicators show RSI 84.64 (overbought) and ADX 31.54 (strong trend), while Bollinger upper band sits at HKD 0.18.
Meyka AI’s forecast model projects for 0924.HK stock
Meyka AI’s forecast model projects a yearly target of HKD 0.08076 and a monthly level of HKD 0.09. Versus the current price HKD 0.177, the yearly projection implies ~54.37% downside and the monthly implies ~49.15% downside. Forecasts are model-based projections and not guarantees.
Sector context and peers for 0924.HK stock
Khoon sits in Industrials under Engineering & Construction. The Industrials sector average current ratio is 2.13 and average PE is 16.61, both stronger than Khoon on profit metrics. Sector peers trade with higher multiples, so Khoon’s low PB 0.85 reflects valuation compression and execution risk.
Risks, catalysts and trading strategy for 0924.HK stock
Key risks include continued negative margins, long days sales outstanding 171 days, and small market cap HKD 177000000. Catalysts would be better earnings, lower receivables, or contract wins in Singapore. For intraday traders, watch support at HKD 0.14 and resistance at HKD 0.22; for longer-term investors, monitor earnings updates and cash conversion improvements.
Final Thoughts
0924.HK stock suffered a sharp intraday decline of 21.33% to HKD 0.177 on 13 Jan 2026, driven by heavy volume and overbought-to-reversal technical signals. Fundamentals are mixed: strong liquidity ratios but negative EPS and long receivables days. Meyka AI rates the stock 59.60/100 (C+, HOLD) and projects a yearly model price of HKD 0.08076, implying ~54.37% downside from today’s price. Short-term traders should watch support HKD 0.14 and resistance HKD 0.22. Longer-term investors need clearer earnings improvement or contract wins before reassessing exposure. Forecasts are model-based projections and not guarantees.
FAQs
What caused the intraday fall in 0924.HK stock today?
The intraday fall to HKD 0.177 was due to heavy selling, a volume spike to 792000 shares, and overbought technical readings reversing. Weak profit metrics and receivables timing also pressured sentiment.
What is Meyka AI’s view and grade for 0924.HK stock?
Meyka AI rates 0924.HK 59.60/100 (C+, HOLD). The grade factors in benchmark and sector comparisons, financial growth, key metrics, and analyst signals. This is informational, not advice.
What are realistic price targets for 0924.HK stock?
Near-term support is HKD 0.14 and resistance HKD 0.22. Meyka AI’s yearly model projects HKD 0.08076 and monthly HKD 0.09. Use these as scenario markers, not guarantees.
Should I trade 0924.HK stock after today’s drop?
Intraday traders can use tightened stops and trade around HKD 0.14 support and HKD 0.22 resistance. Long-term investors should wait for earnings improvement and better cash conversion.
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.
