What caused 8460.HK’s 38.9% spike today?

The jump was driven by heavy buying and short-covering into the close, with volume at 13,766,220 versus a 10,245,532 average. Technical momentum (RSI 93.37) amplified moves; no confirmed fundamental catalyst was released at market close.

Is 8460.HK expensive after today’s move?

Yes. At HK$3.00 the stock trades at PB 10.03 and P/S 8.39, well above Industrials peers. Trailing EPS is -HK$0.02 and PE reads negative, signalling valuation is stretched.

What is Meyka AI’s short‑term price outlook for 8460.HK?

Meyka AI's forecast model projects a monthly price of HK$2.21 and a quarterly price of HK$1.33. These are model-based projections and not guarantees; they imply downside from today’s close.

How should traders manage risk on this stock?

Use disciplined position sizing, set stop-losses, and watch intraday volume relative to the 50-day average. Overbought indicators and rich multiples increase probability of a pullback.

HK Stocks

HKSE:8460.HK up 38.9% to HK$3.00 on 02 Jan 2026: top gainer, analysts watch liquidity

ByHuzaifa Zahoor January 2, 2026January 2, 2026

HKSE:8460.HK jumped 38.9% to HK$3.00 in Hong Kong on 02 Jan 2026 as volume spiked to 13,766,220 shares and the stock closed the market session strongly higher. The move makes Basetrophy Group Holdings Limited the day’s top gainer on the HKSE and pushed the price well above its 50-day average of HK$0.6924 and 200-day average of HK$0.2218. Traders flagged momentum and a short-covering squeeze; we connect those flows to the company’s fundamentals, technical readings and Meyka AI market signals