Pengo (1865.HK) +44.44% pre-market 10 Feb 2026: heavy volume may sustain gains

The 1865.HK stock jumped 44.44% in pre-market trading on 10 Feb 2026, trading at HK$0.39 on the HKSE on very heavy volume of 36,020,000 shares. We see this move as an intraday momentum event: the price is above the 50-day average of HK$0.25 and far above yesterday’s close of HK$0.27. The spike follows no formal earnings release; investors should weigh the volume surge against weak cash flow metrics and negative margins before trading.