1202.HK Chengdu SIWI (HKSE) +32.17% on heavy volume: key levels to watch
The 1202.HK stock surged to HK$1.52 at market close on 24 Feb 2026, a +32.17% move on 2,192,000.00 shares traded on the HKSE in Hong Kong. This intraday rally pushed the share above the 50-day average of HK$1.03 and triggered a strong volume spike versus the 105,355.00 average. The move stands out in the Technology sector and deserves close monitoring for traders and investors assessing momentum, valuation and liquidity. Meyka AI provides this data-driven, real-time view for high-volume movers.
1202.HK stock price action and volume spike
Chengdu SIWI Science and Technology (1202.HK) closed at HK$1.52, up HK$0.37 or +32.17% from the previous close of HK$1.15. Volume reached 2,192,000.00 shares, about 2.09x the typical daily flow, signalling real buying interest.
The stock opened at HK$1.20, hit a day low of HK$1.20 and a day high of HK$1.52. The price exceeded the 50-day average (HK$1.03) and 200-day average (HK$0.93), a classic technical trigger for momentum traders.
Fundamentals and valuation for 1202.HK stock
Market capitalisation stands at HK$500,227,099.00 with 400,181,679.00 shares outstanding. Reported EPS is HK$0.01 and the quoted trailing PE reads 125.00, though some TTM metrics show volatility in earnings and distort trailing multiples.
Key balance metrics include cash per share HK$1.08, book value per share HK$2.17, and PB ratio 0.57. These figures suggest balance-sheet strength but mixed profitability; net income per share is negative at -0.00 on a TTM basis and free cash flow per share is -0.09.
Technical setup and momentum indicators for 1202.HK stock
Momentum indicators support the move. RSI is 61.95, ADX is 63.83 indicating a strong trend, and MACD sits near crossover with MACD and signal both 0.06. Bollinger Bands range from HK$1.00 (lower) to HK$1.31 (upper), placing the close at the band top.
Immediate support sits near the intraday low HK$1.20 and the 50-day average HK$1.03. Near-term resistance aligns with the year high HK$1.50 and the day high HK$1.52.
Meyka AI’s forecast model projects and price comparisons
Meyka AI’s forecast model projects monthly HK$1.20, quarterly HK$1.09 and yearly HK$1.26 for 1202.HK stock. Compared with the current HK$1.52, the model implies a monthly downside of -21.05%, a quarterly downside of -28.29%, and a yearly downside of -17.19%.
Longer-term projections show a 3-year target of HK$1.59 (implied +4.67%) and a 5-year target of HK$1.92 (implied +26.57%). Forecasts are model-based projections and not guarantees.
Meyka AI rates 1202.HK with a score out of 100 and technical grade
Meyka AI rates 1202.HK with a score out of 100: 67.36, Grade B, Suggestion: HOLD. This grade factors S&P 500 comparison, sector and industry peers, financial growth, key metrics, forecasts and analyst consensus.
Company-level ratings from external screens show a recent composite rating of C+ (dated 23 Feb 2026) with mixed signals: strong PB but weak ROE and ROA. These grades are informational and not investment advice.
Risks, opportunities and trading strategy for high-volume movers
Opportunities: low PB (0.57), strong cash per share (HK$1.08) and no reported debt provide a cushion if end-market demand recovers. The Technology communication equipment sector continues positive YTD breadth versus broader indices.
Risks: long receivables and inventory cycles (DSO 263.98 days, inventory days 200.54) and negative net margins risk earnings volatility. For traders, consider tight risk management: short-term price target HK$1.90 and a protective stop near HK$1.10, sized to your risk tolerance.
Final Thoughts
1202.HK stock moved sharply on 24 Feb 2026, closing at HK$1.52 on unusually high volume of 2,192,000.00 shares on the HKSE in Hong Kong. The move cleared the 50-day and 200-day averages and shows momentum, but fundamentals remain mixed: strong cash per share (HK$1.08), low PB (0.57), long receivables and a small negative TTM net income per share. Meyka AI’s forecast model projects a one-year target of HK$1.26, implying -17.19% versus today, while a 5-year model target of HK$1.92 implies +26.57% upside. Traders should balance momentum signals with stretched margins and the company’s operational cycles. Use volume, support at HK$1.20 and the 50-day average HK$1.03 to define entries and place stops to limit downside. All forecasts are model-based projections and not guarantees. For an on‑the‑ground view and latest filings, see the company site and our Meyka stock page for live updates.
FAQs
What drove the 1202.HK stock surge today?
The surge reflected a technical breakout above the 50-day average with 2,192,000.00 shares traded. There was no single public announcement; high volume suggests momentum buying and sector rotation in Technology on the HKSE.
What is Meyka AI’s rating and implication for 1202.HK stock?
Meyka AI rates 1202.HK 67.36/100, Grade B, Suggestion HOLD. The grade balances valuation, forecasts and sector performance; it is informational and not financial advice.
What are realistic near-term price targets for 1202.HK stock?
Technical-based targets: near-term resistance around HK$1.50–HK$1.90 and support near HK$1.03–HK$1.20. Adjust targets for risk and watch volume for conviction.
How do fundamentals affect 1202.HK stock outlook?
Strong cash per share (HK$1.08) and low PB (0.57) are positives. Weak margins, long receivables (DSO 263.98) and negative free cash flow per share are downsides that could pressure earnings.
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.