1049.HK surges 59.57% pre-market on 24 Jan 2026: monitor volume and outlook
The 1049.HK stock opened pre-market at HK$1.50 on 24 Jan 2026, up 59.57% on heavy volume. This sharp move comes with 105,800 shares traded versus an average of 3,655 shares, signalling unusually high speculative interest. We review the intraday stats, valuation, technicals and Meyka AI forecasts to frame the risk-reward for traders on the HKSE in Hong Kong.
Pre-market move and trading stats for 1049.HK stock
Price opened at HK$0.86 and hit HK$1.50 pre-market on 24 Jan 2026. Volume at 105,800 shares far exceeded the 3,655.00 average daily volume. Relative volume is 28.95, indicating outsized trading activity. Day low was HK$0.86 and previous close HK$0.94.
Catalysts, news checks and sector context
There is no confirmed company announcement linked to the spike in public filings. Celestial Asia is in the Consumer Cyclical sector and the Department Stores industry, where sentiment often swings with retail trends and liquidity. Comparative market data and broader movers can be reviewed on Investing.com for SEHK peers source and regional summaries source.
Valuation and financial snapshot for 1049.HK stock
Market capitalisation stands at HK$121,047,300.00 with 80,698,200.00 shares outstanding. Trailing EPS is -0.84 and trailing PE is -1.79, reflecting negative earnings. Price-to-book is 7.35 and price-to-sales is 0.16. Key liquidity and balance metrics: current ratio 1.01, debt-to-equity 22.60, cash per share HK$1.42.
Technical indicators and trading risk for 1049.HK stock
RSI reads 75.15, a short-term overbought signal. ADX is 36.11, implying a strong trend but elevated volatility. The 50-day average is HK$0.96 and the 200-day average is HK$0.96. High relative volume and on-balance-volume negative reading warn of short-term churn.
Meyka AI grade and forecast for 1049.HK stock
Meyka AI rates 1049.HK with a score out of 100: the model gives a score of 54.41 and a Grade C+ (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 monthly HK$1.10, quarterly HK$1.06, and yearly HK$0.57 versus the current HK$1.50, implying respective moves of -26.67%, -29.33%, and -62.08%. Forecasts are model-based projections and not guarantees.
Analyst signals, rating and price target scenarios
Third-party company rating dated 23 Jan 2026 assigns D+ / Strong Sell based on DCF and profitability metrics. Given the lack of consensus targets, scenario price points are: conservative HK$0.55, base HK$1.10, and upside HK$1.70 aligned with the 52-week high HK$1.71. These scenarios reflect earnings weakness and high leverage to retail cyclicality.
Final Thoughts
Key takeaways on the 1049.HK stock move: the pre-market HK$1.50 price reflects a 59.57% jump on outsized volume of 105,800 shares. The spike lacks a clear company announcement and appears driven by short-term trading flows. Valuation metrics show negative earnings (EPS -0.84) and a high price-to-book (7.35), which increases valuation risk. Technicals signal overbought conditions with RSI 75.15, and sector placement in Consumer Cyclical adds cyclicality risk. Meyka AI’s forecast model projects monthly HK$1.10 and yearly HK$0.57, which implies downside versus the current price. Investors should treat the move as high-risk trading activity and verify corporate disclosures before position sizing, using Meyka AI as an AI-powered market analysis platform input alongside primary filings and market data.
FAQs
Why did 1049.HK stock spike pre-market today?
The spike to HK$1.50 came on heavy volume of 105,800 shares with no confirmed company announcement. Short-term trading flows and peer comparisons in the sector likely drove the move. Check regulatory filings for official news before trading.
How expensive is 1049.HK stock by valuation?
Valuation shows EPS of -0.84 and PE -1.79, a price-to-book of 7.35 and price-to-sales 0.16. These mixed signals reflect negative earnings but low sales multiples, increasing valuation uncertainty.
What does Meyka AI forecast for 1049.HK stock?
Meyka AI’s model projects monthly HK$1.10, quarterly HK$1.06 and yearly HK$0.57 against the HK$1.50 current price. These projections are model-based and not guarantees.
Is there an analyst price target for 1049.HK stock?
There is no published consensus price target. We outline scenario targets: conservative HK$0.55, base HK$1.10, and upside HK$1.70, tied to earnings recovery or renewed retail strength.
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.
