8368.HK stock down 22.76% pre-market HKSE 23 Jan 2026: watch 0.34–0.42 HKD levels
Creative China Holdings Limited (8368.HK) is trading at HKD 0.224 in pre-market Hong Kong trade on 23 Jan 2026 after a sharp intraday gap lower of -22.76%. The move follows heavy selling and light volume of 100,000 shares versus an average of 927,130. This article examines why the 8368.HK stock is a top loser this session, links key fundamentals to price action and lays out short-term price targets and risks for investors on the HKSE.
8368.HK stock pre-market move and immediate levels
The stock opened at HKD 0.232 and quickly fell to HKD 0.224, down -22.76% from the previous close of HKD 0.29. Volume in pre-market trade is 100,000, low versus the 50-day average of 927,130.
Short-term support sits near the year low HKD 0.180 and intraday resistance is HKD 0.232. Traders should watch HKD 0.224 closely as the pivot for any short-covering rally.
Earnings, valuation and financials behind 8368.HK stock
Creative China reports EPS 0.03 and a trailing PE 7.73, below the Communication Services sector average PE 34.52. Book value per share is HKD 0.5207 and price-to-book is 0.40, which signals low market pricing versus equity.
Revenue per share is 0.2329, operating cash flow per share is 0.0068, and the current ratio is 3.67, indicating short-term liquidity coverage. The company has a market cap of HKD 134,049,071 and 577,797,719 shares outstanding.
8368.HK stock technicals and momentum
Technical indicators show the stock is oversold: RSI 27.14 and ADX 54.35 indicating a strong trend down. The MACD is negative at -0.09 with a neutral histogram.
Price sits below the 50-day average HKD 0.3861 and 200-day average HKD 0.5928, underlining a bearish medium-term bias. Traders should note on‑balance volume (OBV) of 5,945,000 and ATR 0.03 for volatility sizing.
Sector context and how Communication Services affects 8368.HK stock
Creative China trades in the Communication Services sector and the industry average PE is far higher at 34.52, making 8368.HK relatively cheap on earnings multiples. Sector momentum is positive year-to-date, but Creative China underperforms on a 3‑month basis.
The company’s entertainment focus faces competition from larger streaming and content firms, which can pressure licensing and production margins. Relative valuation gaps create both risk and opportunity for recovery trades.
Meyka AI rates 8368.HK with a score out of 100 and valuation view
Meyka AI rates 8368.HK with a score out of 100: 61.32 (Grade B, Suggestion: HOLD). This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus.
Key valuation metrics include PE 7.73, PB 0.40, EV/EBITDA 7.45, and a strong current ratio 3.67. These figures point to a value profile but with elevated operational risk tied to receivables (DSO 330 days).
Risks, catalysts and trading strategy for 8368.HK stock
Primary risks include slow receivables turnover, thin liquidity relative to peers, and event cancellations that hit concert and production revenue. The company’s days sales outstanding at 329.91 is a material operational red flag.
Potential catalysts are new licensing deals, visible earnings improvements at the next release, or sector-wide strength. Short-term traders may use tight stops; longer-term investors should await clearer revenue growth signals.
Final Thoughts
Key takeaways for the 8368.HK stock on 23 Jan 2026: the stock is down sharply pre-market to HKD 0.224 on -22.76%, showing short-term selling pressure and low volume. Fundamental metrics show cheap multiples: PE 7.73 and PB 0.40, but operational weakness appears in long receivable days. Meyka AI’s forecast model projects a short-term monthly target of HKD 0.34 (+51.79% vs HKD 0.224) and a quarterly target of HKD 0.42 (+87.50%). The one‑year model point is HKD 0.2895 (+29.25%). Forecasts are model-based projections and not guarantees. Given the grade B/HOLD, investors should manage position size, set clear stops and watch upcoming operational updates and sector news for a clearer trend reversal.
FAQs
Why did 8368.HK stock drop pre-market today?
8368.HK stock fell pre-market on heavy selling, a gap from HKD 0.29 to HKD 0.224, and thin volume. Market reaction likely reflects short-term risk aversion and weak liquidity rather than a single announced event.
What are realistic price targets for 8368.HK stock?
Meyka AI’s model gives a monthly target HKD 0.34 (+51.79%) and a quarterly target HKD 0.42 (+87.50%). These are model projections and not investment guarantees.
How does Creative China’s valuation compare to its sector?
Creative China trades at PE 7.73 and PB 0.40, far below the Communication Services sector average PE 34.52, indicating cheaper earnings multiples but higher operational risk.
Should I buy the 8368.HK stock after the drop?
The Meyka AI grade is B (HOLD). Buying after the drop may suit risk-tolerant traders seeking value, but check liquidity, receivables health, and upcoming earnings before adding exposure.
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.
