What drove the 1720.HK stock spike on 09 Feb 2026?

The surge was driven by heavy volume — **70,344,000** shares — and momentum into small-cap communication equipment names. There was no single public corporate release; retail flows and sector re-rating likely amplified the move. Check corporate filings for definitive catalysts.

How does Putian’s valuation compare to peers for 1720.HK stock?

Putian trades at PE **10.85** and PB **0.35**, cheaper than the Technology sector average PE **34.45** and PB **0.45**. Lower multiples reflect operational risks like long receivables and low interest coverage rather than pure growth momentum.

What is Meyka AI's forecast and the implied upside for 1720.HK stock?

Meyka AI's forecast model projects **HKD 0.31928** in three years, implying **+16.10%** versus the current **HKD 0.275**. Forecasts are model-based projections and not guarantees; use them with risk controls and updated company disclosures.

HK Stocks

1720.HK Putian Comm. (HKSE) up 67.68% 09 Feb 2026: heavy volume signals momentum

ByDanny Kontos February 9, 2026

1720.HK stock led high-volume movers on 09 Feb 2026 after Putian Communication Group Limited (1720.HK) climbed to HKD 0.275, a 67.68% gain on 70,344,000 shares traded on the HKSE in Hong Kong. The spike pushed the price well above its 50-day average HKD 0.12286 and 200-day average HKD 0.12060, drawing short-term traders. We examine volume drivers, valuation metrics and technical indicators to show where liquidity and risk sit in this Technology sector listing.