0924.HK falls 20.63% after hours on 09 Mar 2026: liquidity and valuation risk

Khoon Group Limited (0924.HK) dropped 20.63% in after-hours trading to HKD 0.15 on 09 Mar 2026, making it one of the top losers on the HKSE. The steep move followed a thin session volume of 24,000 shares versus an average of 260,137, heightening concerns about short-term liquidity for the stock. Our report connects the price reaction to recent fundamentals — negative EPS of HKD -0.01, a trailing PE of -15.50, and a book value per share of HKD 0.03 — and sets out where analysts and Meyka AI see potential near-term value and risks for 0924.HK stock.

0924.HK stock: after-hours trade details

The immediate market fact is clear: Khoon Group (0924.HK) closed after hours at HKD 0.15, down HKD 0.04 or 20.63% from the previous close of HKD 0.19. Daily trading was light at 24,000 shares, just 0.03 times average volume, which magnified the price swing. This thin liquidity raises execution risk for large orders and can amplify volatility in the near term.

Financial snapshot and valuation

Khoon Group reports negative earnings with EPS of HKD -0.01 and a trailing PE of -15.50, reflecting losses. The company shows a low price-to-book ratio of 0.74 and current ratio of 3.49, indicating short-term liquidity on the balance sheet. Revenue per share is HKD 0.08 and book value per share is HKD 0.03, which frames a mixed valuation picture: cheap on PB but operating margins and ROE remain negative.

Technicals, volume and sector context

Technically the stock looks oversold: RSI 35.11 and CCI -412.65 signal downward momentum. ADX at 36.50 suggests the current trend is strong, not a minor blip. In the Industrials sector on the HKSE, engineering names show modest YTD strength, so Khoon’s performance is lagging peers and raises sector-relative caution for 0924.HK analysis.

Meyka AI rating and model analysis

Meyka AI rates 0924.HK with a score out of 100: 61.88 (Grade B, Suggestion: HOLD). This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. Company-level signals are mixed: strong current ratio and low debt contrast with negative margins and long receivable days, which weigh on the grade.

Risks, catalysts and earnings context

Key risks for 0924.HK stock include thin liquidity, extended days sales outstanding (171 days), and negative operating margins of -2.89%. Catalysts that could improve sentiment are contract wins in Singapore, improved receivables collection, or a clear return to profitability. The last known earnings update was announced on 25 Feb 2025; any fresh revenue or margin guidance would be market-moving.

Price targets, forecast and trading strategy

Meyka AI’s forecast model projects a monthly target of HKD 0.18 and a quarterly target of HKD 0.28, implying potential upside of 20.00% and 86.67% from the current HKD 0.15. The annual model returns a lower figure (HKD 0.055) and implies downside of -63.30%, highlighting model uncertainty. For traders, short-term range trading with tight stops and size limits is prudent. For longer-term investors, require evidence of margin recovery before adding exposure.

Final Thoughts

0924.HK stock led after-hours losses on 09 Mar 2026, falling to HKD 0.15 on light volume of 24,000 shares. The decline reflects a combination of negative earnings (EPS HKD -0.01), negative trailing PE (-15.50), and low liquidity that magnifies moves. Meyka AI’s models show a mixed set of scenarios: a near-term monthly projection of HKD 0.18 (+20.00%) and a quarterly projection of HKD 0.28 (+86.67%), while a conservatively modeled 12-month figure sits near HKD 0.055 (-63.30%). These divergent outcomes underline the stock’s binary nature: a recovery in collections and margins could unlock upside, while continued revenue weakness and receivable delays could push the price lower. Investors should weigh the HKD 155,000,000.00 market cap, PB 0.74, high days sales outstanding (171 days), and the Industrials sector backdrop before acting. Forecasts are model-based projections and not guarantees. For up-to-the-minute order flow and tools, see the Khoon profile on Meyka AI’s platform for live updates and alerts.

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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.