HKSE Close: 8039.HK China Come Ride HK$0.15 23 Jan 2026 : Oversold bounce

8039.HK stock closed at HK$0.151 on 23 Jan 2026 after a 0.67% rise, signalling a short-term oversold bounce. Volume was 312000.00 shares, or 1.55x the average, showing renewed buyer interest. The price sits above the 50-day average of HK$0.13, while the one‑year change is -49.67%. Traders can treat this as a tactical rebound trade, but must weigh weak fundamentals and thin liquidity in Hong Kong (HKSE).

8039.HK stock: Intraday price and volume signals

The stock closed at HK$0.151 with a high of HK$0.153 and low of HK$0.12. Volume edged to 312000.00, above the 30‑day average of 201311.00, which confirms buyer participation. The relative volume of 1.55 supports an intraday bounce thesis on the HKSE market close.

8039.HK stock: Why an oversold bounce is possible

Price has recovered 49.50% over three months from a recent low, a classic oversold-to-bounce pattern. The current price is above the 50-day average (HK$0.13) and above the 200-day average (HK$0.13), which favours short-term mean reversion. With limited free float and thin liquidity, small flows can push price higher in the short run.

8039.HK stock: Fundamentals and valuation

China Come Ride New Energy Group Limited reports trailing EPS of -0.01 and a trailing PE of -15.10, reflecting losses. Market cap stands at HK$74,443,000.00 on 493000000.00 shares outstanding. Key ratios show price-to-sales 2.43 and current ratio 0.69, which indicates tight short-term liquidity. These fundamentals underline that any bounce is tactical, not structural.

8039.HK stock: Meyka AI grade and technicals

Meyka AI rates 8039.HK with a score out of 100: 60.64 | Grade B | Suggestion: HOLD. This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. Technicals show the 50-day and 200-day averages at HK$0.13, volume above average, and a recent 3‑month price gain of 49.50%, supporting an oversold bounce trade setup.

8039.HK stock: Risks, catalysts and sector context

Risks include negative EPS, weak cash flow per share (-0.01 range), and a current ratio of 0.69. Catalysts that could extend a bounce include better A&A consultancy wins, licensing deals, or positive trading flow in Hong Kong industrials. The Industrials sector shows a one‑year gain of 34.42%, which gives a supportive backdrop for recovery if company news turns positive.

8039.HK stock: Trading levels, stops and price targets

Short-term traders can use an entry near HK$0.15 with a stop below HK$0.12 to limit downside. A first profit target is HK$0.22 and a stretch target is HK$0.30, reflecting the gap to the year high HK$0.48. Watch intraday volume and the 50-day average for confirmation. For live data see the Meyka stock page and recent benchmark commentary on investing source.

Final Thoughts

Key takeaways: 8039.HK stock shows a valid oversold bounce after a 0.67% close at HK$0.151 on 23 Jan 2026. Volume of 312000.00 shares and price above the 50-day average support a short-term rebound trade on the HKSE. Fundamentals remain weak with EPS -0.01 and PE -15.10, so position sizing and defined stops matter. Meyka AI’s model shows a tactical opportunity rather than a long-term recovery. Meyka AI’s forecast model projects a 12‑month target of HK$0.24, implying upside of 58.94% from HK$0.151. Forecasts are model‑based projections and not guarantees. Use tight risk controls and monitor sector flow and company updates for confirmation.

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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.