Pre-market: 1932.HK CPM Group (HKSE) -17.02% on 23 Jan 2026: watch HKD 0.14
The 1932.HK stock tumbled -17.02% in pre-market trade on 23 Jan 2026, trading at HKD 0.195 after opening at HKD 0.235. This steep move puts CPM Group Limited (1932.HK) on the top losers list on the HKSE in Hong Kong. Volume at 20,000 shares is above the 50-day average, flagging active selling. We examine valuation, technicals, the sector context and Meyka AI model forecasts to clarify near-term risks and potential support near the 50-day average
1932.HK stock: Pre-market move and immediate drivers
The stock opened at HKD 0.235 and fell to a day low of HKD 0.195, a -17.02% decline versus the previous close of HKD 0.235.
Market participants cited weak sentiment in small-cap basic materials names and profit-taking after recent gains (YTD +35.42%). Trading volume of 20,000 is higher than the average volume of 15,079, suggesting outsized selling pressure.
1932.HK stock: Fundamentals and valuation
CPM Group Limited reports EPS -0.06 and a negative trailing P/E of -3.25, reflecting losses over the last twelve months.
Key ratios show a PB ratio 0.54, price/sales 0.70, book value per share HKD 0.37, and cash per share HKD 0.12, indicating a low market valuation but limited profitability and thin margins.
1932.HK stock: Technicals and trading signals
Technicals show mixed short-term signals: RSI 50.10 and ADX 55.25 (strong trend), while the 50-day price average is HKD 0.1431 and the 200-day average is HKD 0.16262.
Immediate resistance sits at the session open HKD 0.235 and first support aligns near the 50-day average around HKD 0.14; traders should watch on-balance volume (OBV 91,871) for follow-through.
Meyka AI rates 1932.HK stock and forecast
Meyka AI rates 1932.HK with a score out of 100: Score 58.05 | Grade C+ | Suggestion: HOLD.
This grade factors S&P 500 benchmark comparison, sector and industry performance, financial growth, key metrics and analyst consensus. Meyka AI’s forecast model projects monthly HKD 0.16, quarterly HKD 0.10, and yearly HKD 0.08949, which imply downside versus the current price of HKD 0.195 (monthly -17.95%, quarterly -48.72%, yearly -54.10%). Forecasts are model-based projections and not guarantees.
1932.HK stock: Risks, catalysts and sector context
CPM Group sits in the Basic Materials sector (Chemicals – Specialty) in Hong Kong, where 1M sector performance is +13.82% and YTD +8.76%, offering mixed tailwinds.
Key risks include continued negative operating margins (operating margin -9.71%), stretched receivables (DSO 99 days) and negative operating cash flow per share HKD -0.02; catalysts would be margin improvement, stronger cash flow or larger commercial contracts.
1932.HK stock: Strategy for investors after top losers move
Short-term traders can use resistance at HKD 0.235 and support at the HKD 0.14 50-day average to set tight risk limits.
Long-term investors should weigh the company’s low PB 0.54 against weak profitability; consider a scenario plan with price targets: Bear HKD 0.09, Base HKD 0.16, Bull HKD 0.30, and reassess after the next earnings update.
Final Thoughts
CPM Group Limited (1932.HK) is a pre-market top loser on 23 Jan 2026 after a -17.02% drop to HKD 0.195, with active volume and clear near-term pressure. The fundamentals show low valuation (PB 0.54) but persistent losses (EPS -0.06, operating margin -9.71%). Meyka AI’s forecast model projects monthly HKD 0.16, implying -17.95% from the current price, and a yearly projection of HKD 0.08949 (implied -54.10%). Our model and grade (C+, score 58.05) suggest caution: the stock can remain volatile while cash flow and margins recover. Monitor support at the 50-day average near HKD 0.14 and watch trading volume and receivables trends for signs of stabilization. Remember that Meyka AI is an AI-powered market analysis platform and forecasts are model-based projections, not guarantees—update your plan after the company’s next earnings report or material operational news.
FAQs
Why did the 1932.HK stock fall sharply pre-market?
The 1932.HK stock drop reflects profit-taking and heavier selling versus average volume, weak recent profitability (EPS -0.06) and concern over cash flow. Short-term technical selling pushed price to the 50-day average, increasing downside risk.
What are the key valuation metrics for 1932.HK stock?
Key metrics: P/E -3.25, PB 0.54, price/sales 0.70, book value per share HKD 0.37 and market cap HKD 195,000,000. These show low market valuation but negative earnings and weak cash flow.
How does Meyka AI view 1932.HK stock near-term?
Meyka AI rates 1932.HK C+ (score 58.05, HOLD) and projects monthly HKD 0.16 and yearly HKD 0.08949, implying downside from HKD 0.195. Forecasts are model outputs, not investment guarantees.
What support and resistance should traders watch on 1932.HK stock?
Watch support near the 50-day average HKD 0.14 and immediate resistance at the session open HKD 0.235. Confirm moves with volume and momentum indicators before trading.
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.
