Why did 8059.HK stock drop so sharply on 26 Feb 2026?

The stock fell 22.50% on low liquidity, thin trading volume and negative sentiment after weak fundamentals. High days sales outstanding and negative book value amplified selling. Short cover and sector volatility likely accelerated the move.

What is Meyka AI’s view and grade on 8059.HK stock?

Meyka AI rates 8059.HK with a score out of 100 at **70.42**, grade **B+** and suggestion **BUY**. The grade blends benchmark, sector, financial growth and analyst inputs. Grades are informational and not investment advice.

What price targets should investors watch for 8059.HK stock?

Key technical levels are support at **HK$0.031** and the year low **HK$0.012**, with resistance at **HK$0.037** and the year high **HK$0.068**. Meyka AI monthly forecast is HK$0.05, implying a potential near‑term upside.

How should traders manage risk in 8059.HK stock?

Use tight position sizing and stop‑losses because daily liquidity is low and price swings are large. Monitor receivables, cash flow and contract news. Consider limit orders to control entry price.

HK Stocks

8059.HK Glory Flame (HKSE) down 22.50% to HK$0.03 at close 26 Feb 2026: liquidity risk

ByDanny Kontos February 26, 2026

8059.HK stock fell 22.50% to HK$0.031 at the Hong Kong market close on 26 Feb 2026, making it one of the top losers on the HKSE. Trading ended with volume 3,010,000 shares and a market cap of HK$36,381,780.00, after an intraday range of HK$0.031 to HK$0.037. The drop followed thin liquidity and weak short‑term momentum, pushing the price below the 50‑day average of HK$0.02922 and well above the 200‑day average of HK$0.01936. Below we break down valuation, technicals, sector context and what the Meyka AI model projects next.