Canvest (1381.HK HKSE) closes HK$4.88 after oversold bounce: upside to HK$5.80
1381.HK stock jumped at the close on 20 Jan 2026 after an intraday bounce from oversold levels. Canvest Environmental Protection Group Company Limited (1381.HK) on the HKSE finished at HK$4.88 with 11,603,749 shares traded. The move followed a stretched pullback from a year low of HK$3.92 and came with a modest price-to-earnings ratio of 12.84 and EPS HK$0.38. In Hong Kong’s Industrials waste management sector, this rebound looks like a short-term recovery trade rather than a trend reversal, so traders should watch conviction and volume next session.
Price action and volume for 1381.HK stock
Canvest closed the session at HK$4.88, up from the previous close of HK$4.87. Volume was 11,603,749, about 2.53 times the average daily volume of 4,581,259, which supports the oversold bounce thesis. The intraday range was HK$4.87–HK$4.89, and the stock sits above its 50-day average of HK$4.80 and its 200-day average of HK$4.62.
Why an oversold bounce matters for 1381.HK stock
An oversold bounce can offer a low-risk entry for traders if follow-through appears. Canvest’s one-year decline left the stock nearer its HK$3.92 low, which attracts short-term buying interest. Confirming signals would be a sustained close above HK$5.00 and continued volume higher than 7,000,000 shares.
Fundamentals and valuation of Canvest Environmental (1381.HK)
The business runs waste-to-energy projects across China and reports steady margins. Key metrics show PE 12.84, book value per share HK$4.20, and market cap HK$11,855,667,200. Debt-to-equity reads 1.35, and the current ratio is 0.79, which indicates tighter short-term liquidity compared with sector averages.
Technical support, risks, and sector context
Immediate support sits near HK$4.00 and resistance near HK$4.89, the year high. Risks include high receivables days at 257.57 and net debt to EBITDA near 4.65, which raise sensitivity to slower cash collections. The Industrials sector in Hong Kong has outperformed recently, but Utilities and Energy show stronger defensive flows.
Meyka AI grade, model forecast and price target for 1381.HK stock
Meyka AI rates 1381.HK with a score out of 100: 65.09 out of 100, Grade B, Suggestion HOLD. This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. Meyka AI’s forecast model projects a yearly price of HK$5.80, implying an upside of 18.85% from HK$4.88. Forecasts are model-based projections and not guarantees.
Trading strategy and watchlist levels
For an oversold-bounce trade, consider partial entries near HK$4.70 with stops under HK$4.40. A conservative price target is HK$5.80, and a stretch target is HK$6.50 if momentum and sector flows strengthen. Monitor daily volume and company announcements for catalysts.
Final Thoughts
Canvest Environmental (1381.HK) closed at HK$4.88 on 20 Jan 2026 after an oversold bounce that paired higher volume with a small price gain. The rebound looks tradable, not decisively bullish, because liquidity metrics and receivables remain weak and net debt is elevated. Meyka AI’s models project HK$5.80, an implied upside of 18.85% from today’s price, but we flag a conservative stance because the current ratio is 0.79 and interest coverage is 2.38. Active traders can use tiered entries and tight stops; longer-term investors should wait for clearer margin of safety or improved cash conversion. For more detail and real-time alerts, view company filings and the HKEX announcement page or our Meyka stock page for 1381.HK
FAQs
What drove the oversold bounce in 1381.HK stock today?
Volume spiked to 11,603,749 shares and the price re-tested the 50-day average, prompting short-covering and fresh buying interest in 1381.HK stock as traders reacted to valuation near PE 12.84
What are realistic price targets and the forecast for 1381.HK stock?
Meyka AI’s forecast model projects HK$5.80 within a year, implying about 18.85% upside from HK$4.88; conservative traders may use HK$5.80 and HK$6.50 as staged targets
Which risks should investors watch in 1381.HK stock?
Key risks include high receivables days (257.57), net debt to EBITDA near 4.65, and a current ratio under 1.00; these factors make 1381.HK stock sensitive to cash flow swings
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.
