HK$0.98 intraday: 1298.HK Yunnan Energy International (HKSE) oversold bounce
We see 1298.HK stock trading at HKD 0.98 intraday on the HKSE in Hong Kong, a level that flags a potential short-term oversold bounce. Volume sits at 7,000.00 shares versus an average of 116.00, suggesting thin liquidity but elevated relative flow. Fundamentals show EPS -0.01, PE -98.00, and PB 1.66, giving a mixed signal for a bounce trade. Below we outline why a disciplined, small-size oversold bounce strategy may fit the current setup and what triggers to watch.
Intraday snapshot: 1298.HK stock price, volume and range
Price holds at HKD 0.98 with a day low and high both at HKD 0.98, reflecting limited intraday movement. Reported volume is 7,000.00 against avg volume 116.00, giving a relative volume spike but still low absolute liquidity. Market capitalisation sits at HKD 269,928,260.00, and shares outstanding are 275,437,000.00, both relevant for position sizing in an oversold bounce trade.
Why an oversold bounce idea on 1298.HK stock
The stock’s one-year gain is 24.05%, while the six-month change is -2.00%, which creates divergent momentum signals. Price sits near the 50-day average HKD 0.98 and above the 200-day average HKD 0.89, a setup where short rebounds often occur. For intraday trades we prefer tight stops because low liquidity can widen spreads quickly.
Fundamentals and valuation for 1298.HK stock
Yunnan Energy International (1298.HK) reports revenue per share 1.85 and book value per share 0.59, giving a PB of 1.66 and a price to sales ratio 0.53. Free cash flow per share is 0.14, producing a P/FCF of 6.99, which supports value-based bounce scenarios. Net income per share is negative at -0.01, and ROE is -1.13%, so any rally needs to be validated by profit recovery or cash flow stability.
Technical risk and trade plan for 1298.HK stock
Technicals show compressed price action and unreliable traditional indicators because trading activity is thin. We advise a micro-sized entry with stop-loss about 4.00% below entry and a target near the quarterly forecast HKD 0.90 to HKD 1.08 for scaled exits. Use limit orders and factor slippage into position sizing when volume is under 10,000.00 shares.
Meyka AI grade and model forecast for 1298.HK stock
Meyka AI rates 1298.HK with a score of 64.96 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 monthly HKD 0.81, quarterly HKD 0.90, and yearly HKD 1.08, which imply a near-term mixed path but a one-year upside. Forecasts are model-based projections and not guarantees.
Catalysts, sector context and recent news for 1298.HK stock
Key catalysts include the company’s earnings release and any supply-chain contract updates in the life-science distribution segment. The stock sits in the Technology sector on the HKSE, where average PE runs at 36.02, making 1298.HK’s valuation relatively low versus peers. For a comparative read, see the competitor comparison on Investing.com source. We also note the firm’s website for filings and contact at Meyka stock page.
Final Thoughts
We see 1298.HK stock at HKD 0.98 as a classic intraday oversold bounce candidate for disciplined, size-limited traders. Short-term targets align with the model quarterly figure near HKD 0.90, while Meyka AI’s one-year projection of HKD 1.08 implies an upside of 10.20% versus the current price. Key risks include thin liquidity, negative EPS -0.01, and limited institutional coverage. Our trade checklist: keep positions under portfolio risk limits, use limit orders, set a 4.00% stop, and watch the next earnings announcement on 2025-03-14. Meyka AI provides this as AI-powered market analysis, and forecasts are model-based projections and not guarantees. If earnings or a supply-chain contract surprise to the upside, the stock could extend past the yearly forecast. If liquidity dries up, stick to a strict stop and size discipline.
FAQs
What is the current price and trading venue for 1298.HK stock?
1298.HK stock trades on the HKSE in Hong Kong at HKD 0.98 intraday. Reported volume is 7,000.00 with an average of 116.00, so expect low liquidity.
What short-term target should traders use for an oversold bounce on 1298.HK stock?
For an intraday oversold bounce we suggest initial targets around HKD 0.90, with scaled exits toward the quarterly model HKD 0.90 to yearly HKD 1.08. Use tight stops.
How does Meyka AI grade 1298.HK stock and what does that mean?
Meyka AI rates 1298.HK 64.96/100 (Grade B, Suggestion HOLD). The grade blends benchmark, sector, growth, metrics and consensus. It is informational and not financial advice.
Which fundamentals matter most for 1298.HK stock before earnings?
Watch cash flow per share 0.14, EPS -0.01, PB 1.66, and receivables cycle. Improvement in margins or cash conversion would support a sustained rebound.
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.
