Why did 2398.HK stock spike in pre-market trading?

The spike was driven by **29,740,000** shares traded pre-market, a relative volume of **45.96** versus the average. High volume with a modest price rise suggests large blocks or institutional interest, not broad retail buying.

What are the main financial risks for 2398.HK stock?

Key risks include negative profitability with ROE **-43.12%**, inventory days of **231.83**, and a debtToEquity of **1.06**. These raise working capital and leverage concerns for investors in Hong Kong.

What price target does Meyka AI give for 2398.HK stock?

Meyka AI's forecast model projects a base target of **HKD 1.80**, which implies an upside of **20.94%** from **HKD 1.49**. Forecasts are model-based projections and not guarantees.

Is 2398.HK stock a buy after the volume spike?

Meyka AI assigns a **C+** grade and a HOLD suggestion due to leverage and weak margins. Use the volume spike to reassess risk, limit position size, and wait for clearer earnings improvement before buying aggressively.

HK Stocks

29.74M pre-market volume: 2398.HK Good Friend (HKSE) +4.20% Jan 2026, signal

ByHuzaifa Zahoor January 16, 2026

A pre-market volume spike of 29,740,000 shares pushed the 2398.HK stock to HKD 1.49, up 4.20%, on 17 Jan 2026. Traders logged a relative volume of 45.96 compared with the 50-day average of HKD 1.43. We view the move as a liquidity-driven short-term trade signal, not a confirmed recovery. This note breaks down financials, sector context, real risks, and what a volume-led surge means for holders and traders in Hong Kong.