MTT Group 2350.HK falls 23% to HKD 0.90 on HKSE: valuation warning
The 2350.HK stock plunged 23.08% on 22 Jan 2026, closing at HKD 0.90 on the HKSE after a heavy sell-off. Volume surged to 8,445,000 shares, more than four times average, making MTT Group one of Hong Kong’s top losers today. We break down valuation, short-term technical signals, Meyka AI forecasts and realistic price targets to help Hong Kong investors assess near-term risk.
2350.HK stock: intraday price action and volumes
MTT Group (2350.HK) closed at HKD 0.90, down HKD 0.27 or 23.08% from the previous close of HKD 1.17. Today’s range was HKD 0.88–1.02 and the stock opened at HKD 1.01.
Trading volume hit 8,445,000, versus an average of 2,248,852, giving a relative volume of 4.32 and signalling outsized participation today.
Fundamentals and valuation for 2350.HK stock
MTT Group reports a market cap of HKD 631,250,000 and 625,000,000 shares outstanding. Trailing EPS is -0.01 with a negative P/E of -101.00, and price-to-book stands at 3.73.
Sales and balance-sheet ratios show a price-to-sales of 0.87, current ratio of 1.59, and debt-to-equity of 0.05, but receivables are elevated with days sales outstanding at 137.65, which raises collection risk in a tight-margin distribution business.
Technical signals and short-term momentum for 2350.HK stock
Short-term indicators show strong momentum but stretched conditions. RSI is 75.83 (overbought) and ADX is 60.45 indicating a strong trend. The 50-day average is HKD 0.63 and 200-day average is HKD 0.51, so the stock trades well above moving averages.
Bollinger Bands sit at 0.36–1.01 (lower to upper). The combination of high RSI and elevated money-flow (MFI 84.28) suggests a pullback risk after today’s sharp drop.
Meyka AI rates 2350.HK with a score out of 100 and model forecast
Meyka AI rates 2350.HK with a score out of 100: 62.58 (B) — 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 HKD 0.57 and a monthly price of HKD 0.84. Compared with today’s HKD 0.90, the yearly model implies a potential downside of -36.36%. Forecasts are model-based projections and not guarantees.
Price targets and investment view for 2350.HK stock
We set scenario targets based on cash flow sensitivity and sector peers: Bear HKD 0.50 (down -44.44%), Base HKD 0.80 (down -11.11%), Bull HKD 1.25 (up 38.89%). These reflect operating risk and the stock’s one-year high of HKD 1.25.
There is limited formal analyst coverage on 2350.HK, so price targets are model-driven and should be treated as illustrative.
Risks, sector context and a practical strategy for Hong Kong investors
MTT Group sits in the Technology sector (Information Technology Services) where average PB is 0.62; MTT’s PB of 3.73 is elevated versus peers. The company’s negative ROE and thin net margin raise longer-term earnings risk.
For Hong Kong traders on the HKSE in HKD, manage position size, consider stop-losses near HKD 0.70, and watch receivables and working-capital metrics. For a data reference, compare recent competitor screens at Investing.com compare page and a peer comparator Investing.com link. Meyka AI provides this analysis as an AI-powered market analysis platform.
Final Thoughts
Today’s 23.08% drop in 2350.HK stock reflects a rapid re-pricing after a spike in volume and stretched technicals. Fundamentals show weak profitability (EPS -0.01) and a high price-to-book of 3.73 versus the sector average PB 0.62, which supports caution. Meyka AI’s forecast model projects a yearly price of HKD 0.57, implying -36.36% versus the current HKD 0.90, while short-term momentum leaves room for a relief bounce toward the 50-day average HKD 0.63. Our scenario targets run from HKD 0.50 (bear) to HKD 1.25 (bull). Investors should weigh liquidity, receivables risk and sector comparison before adding exposure. These insights are for market analysis; the Meyka grade and forecasts are model outputs and not financial advice.
FAQs
Why did 2350.HK stock fall 23% today?
Heavy selling and high turnover drove the 23.08% drop. Technical overbought signals (RSI 75.83) and elevated receivables raised short-term risk, prompting profit-taking on HKSE in HKD.
What is the Meyka AI forecast for 2350.HK stock?
Meyka AI’s forecast model projects a yearly price of HKD 0.57 and a monthly price of HKD 0.84, with a model-implied downside of -36.36% versus today’s HKD 0.90. Forecasts are not guarantees.
What are realistic price targets for 2350.HK stock?
Scenario targets: Bear HKD 0.50 (‑44.44%), Base HKD 0.80 (‑11.11%), Bull HKD 1.25 (+38.89%). These reflect valuation risk, liquidity and peer comparisons on the HKSE.
How does 2350.HK stock compare to Technology peers?
MTT’s PB 3.73 and negative P/E contrast with the sector PB 0.62 and average PE 34.52. The company shows lower profitability and higher receivables, a relative weakness in the sector.
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.
