0700.HK Stock Today: February 3 Slide to HK$561 Sparks Heavy Buying
The Tencent stock price slid about 6% intraday to HK$561 on Feb 3 before bouncing. We track 0700.HK in real time at Meyka. Liquidity clustered at HK$560–HK$565, including a large print at HK$562.5. Volume swelled to about 65.1 million shares, nearly 3.9 times its average, as stop-loss selling met quick dip buying. The stock was last near HK$581, within a choppy tape that also pressured the Hang Seng today, and then steadied as buyers returned.
Fast tape: support forms near HK$560
A sharp sell program pushed shares to HK$561, triggering stops. Immediately, bids lined up near HK$560, creating a liquidity wall that absorbed supply and sparked a rebound. Local media noted thousands of buy orders queuing at the HK$560 handle, underscoring strong interest at that area. This behavior highlights HK$560–HK$565 as a near-term zone where supply meets demand 700｜騰訊股價插水跌6% 千個買盤排隊560元價位入貨撈底.
Tape data also showed a block buy of 10,400 shares at HK$562.5, worth about HK$5.85 million. Such a Tencent block trade near the morning low often signals firm hands stepping in to stabilize price action. It adds weight to the developing base around HK$560–HK$565 and helps frame risk for short-term traders 騰訊控股(00700)出現大手買入1.04萬股，成交價$562.5，涉資585萬.
Key levels and indicators to watch
The immediate focus is the HK$560–HK$565 shelf. Below, sentiment can sour quickly. On the upside, HK$600 and today’s high at HK$601.5 are the first hurdles, with the Bollinger middle band at HK$609.52 as a stronger test. With ATR at 12.52, the Tencent stock price can swing roughly HK$12–HK$13 intraday. Price sits below the lower Bollinger and Keltner bands near HK$589.
Momentum signals are balanced. RSI prints 47.99, pointing to neutral conditions. ADX at 17.17 shows no strong trend. The MACD histogram is positive at 2.25, hinting at a fading downside impulse, while MFI at 50.30 shows even flows. For confirmation, we look for the Tencent stock price to reclaim HK$588–HK$590 and hold above HK$600 on improving breadth.
Valuation check on Tencent 0700.HK
TTM P/E is 22.25x and price to sales is 6.61x. Free cash flow yield stands near 3.61%, while the dividend yield is about 0.75%. Profitability remains strong with a 29.86% net margin and 32.30% operating margin. FY2024 results showed robust momentum, with EPS up about 72% year over year. The Tencent stock price reflects solid growth but a still premium multiple.
Liquidity and leverage look healthy. The current ratio is 1.36, net debt to EBITDA is about 0.83x, and interest coverage is 16.7x. Return on equity is 20.18%. Working capital sits around HK$152.9 billion. Market cap is roughly HK$5.48 trillion. Our stock grade reads B+ with a BUY bias, noting quality metrics outweigh mixed valuation signals.
What this means for Hang Seng today
Tencent’s size means its swings can sway the index. The early drop weighed on the Hang Seng today before stabilisation arrived. If buyers defend HK$565–HK$570 and reclaim HK$600, index pressure may ease. A failure back through HK$560 could invite another test of morning lows. Keep an eye on China internet peers for read-through from ETF and basket flows.
Near term, watch whether liquidity remains stacked at HK$560–HK$565 and if follow-through above HK$600 attracts momentum funds. The next scheduled catalyst is earnings on 18 March 2026. Until then, the Tencent stock price will likely track onshore policy headlines, sector news, and large-lot prints that hint at institutional appetite.
Final Thoughts
February 3 showed a forceful shakeout and fast repair. Stops flushed the Tencent stock price to HK$561, yet thick bids near HK$560 and a HK$562.5 block buy marked clear interest. Momentum is neutral, and price sits around the lower volatility bands, so intraday levels matter. For traders, the HK$560–HK$565 shelf is the risk line, while HK$600–HK$610 is the near-term test. For investors, fundamentals remain sound with strong margins, 20% ROE, and improving earnings. Into March, we will watch liquidity at HK$560–HK$565, closes above HK$600, and any fresh policy signals. Discipline on entries and exits is key as the tape stays active.
FAQs
Why did the Tencent stock price drop to HK$561 today?
A combination of stop-loss triggers and program selling drove a quick slide to HK$561. Once stops cleared, buyers stepped in around HK$560, helped by queued bids and a block trade. The bounce suggests that liquidity clustered at this zone, turning a sharp fall into a tradable reversal as the session progressed.
Is HK$560–HK$565 a reliable support zone for Tencent 0700.HK?
Today’s tape shows real liquidity there. Thousands of bids queued near HK$560 and a large buy printed at HK$562.5. That said, support only holds if buyers keep defending it. A clean reclaim of HK$588–HK$590 and a close above HK$600 would strengthen the case for this zone as a base.
How did the Tencent block trade at HK$562.5 affect sentiment?
A 10,400-share buy at HK$562.5, worth about HK$5.85 million, signaled institutional interest near the lows. Such prints often steady the tape by absorbing supply. It reinforced the HK$560–HK$565 area as a liquidity pocket and helped the market frame risk for intraday trades around that range.
What levels matter if the Hang Seng today stays choppy?
For Tencent, HK$560–HK$565 is the support shelf and HK$600–HK$610 is the first resistance band. Holding above HK$588–HK$590 would aid a constructive tone. If the index remains choppy, traders can size positions around these levels and watch sector baskets for confirmation from broader China internet flows.
Disclaimer:
The content shared by Meyka AI PTY LTD is solely for research and informational purposes. Meyka is not a financial advisory service, and the information provided should not be considered investment or trading advice.