Why did 3666.HK fall nearly 29% on February 10?

Reports of sudden Shanghai Min closures and refund disputes hit confidence, while the auditor’s disclaimer of opinion on FY2024 raised going concern worries. The prospect of Q1 equity financing added dilution risk. Together, those headlines drove heavy selling, doubling average volume and pushing price near the 52-week low.

What does an audit opinion disclaimer mean for investors?

A disclaimer means the auditor could not obtain enough evidence to conclude on the financial statements. It signals elevated uncertainty around key balances or assumptions. Markets often treat this as a red flag, increasing risk premiums, tightening liquidity, and prioritising verified cash data over accounting-based valuation metrics.

How should Hong Kong investors approach 3666.HK stock now?

Track store reopenings, formal refund procedures, and any binding financing terms. Use small position sizes, clear stop-loss levels, and avoid chasing gaps. Watch HK$0.025 support and HK$0.034 resistance. Until disclosures improve, treat moves as headline-driven and reassess as operational cash flow stabilises or deteriorates.

Could 3666.HK rebound in the short term?

A rebound is possible if reopenings are confirmed and a fully subscribed raise extends the cash runway. Technicals show weak trend strength, so sharp swings can occur. Initial targets include the 200-day average near HK$0.0335, then HK$0.04. Execution risks remain high, so control exposure carefully.

Global Market Insights

3666.HK Stock Today: February 11 – After 28% Plunge on Closures, Audit Flag

ByDanny Kontos February 11, 2026February 11, 2026

The 3666.HK stock slumped about 29% on February 10 after reports of sudden Shanghai Min closures and refund disputes. Auditor disclosure of a disclaimer of opinion on FY2024 added pressure as management weighs Q1 equity financing. At around HK$0.025, 3666.HK trades below its 50-day and 200-day averages, with a market cap near HK$66 million. We break down the drivers, liquidity risks, and what Hong Kong investors should track on February 11 to gauge whether volatility stays high or stabilises.