1293.HK Grand Baoxin down 35.82% to HKD 0.09 on 02 Feb 2026: oversold bounce

The 1293.HK stock (Grand Baoxin Auto Group Limited, HKSE) plunged -35.82% intraday to HKD 0.086 on 02 Feb 2026, driven by heavy selling and a surge in turnover. Volume hit 9,008,500 shares versus an average of 1,011,683, a near 9.00x jump. The move left the share well below its 50-day and 200-day averages near HKD 0.15, creating a classic oversold bounce setup for short-term traders and value seekers in Hong Kong’s consumer cyclical space.

1293.HK stock intraday move and drivers

Intraday price action shows a fall from an open of HKD 0.128 to a day low of HKD 0.082, settling at HKD 0.086. The one-day loss of HKD 0.048 equals -35.82% from the previous close of HKD 0.134.

Trading intensity matters. Volume of 9,008,500 dwarfed the 1,011,683 average, lifting relative volume to 8.90. High volume on a steep drop points to capitulation and opens the possibility for an oversold bounce in the intraday and near-term sessions on the HKSE.

Fundamentals and valuation — 1293.HK analysis

Grand Baoxin Auto Group (1293.HK) reports EPS -0.10 and a reported PE of -0.86 on the current quote, reflecting recent losses. The company lists book value per share HKD 2.73 and a PB ratio ~0.03, signalling a very low market valuation versus reported equity.

Key balance ratios: current ratio 1.32 and debt to equity 0.91. Revenue per share stands at HKD 11.24. These figures show operating scale but thin margins and leverage for an auto-dealership business in Mainland China.

Technical read: oversold bounce setup for 1293.HK stock

Price sits well below the 50-day (HKD 0.15) and 200-day (HKD 0.15) moving averages. The one-month and three-month returns show deep negative momentum, with a 1M change -35.82% and 3M change -58.25%.

From a trader’s lens, the oversold bounce setup is valid given the extreme drop, volume spike, and price trading near the year low HKD 0.08. Short-term targets include the intraday high HKD 0.128 and the 50-day average HKD 0.15, with tight risk controls for failed bounces.

Meyka AI rates 1293.HK with a score out of 100 and forecast

Meyka AI rates 1293.HK with a score of 57.52 out of 100 (Grade C+, Suggestion: HOLD). This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. Grades are informational and not investment advice.

Meyka AI’s forecast model projects HKD 0.12 over 12 months from the current HKD 0.086, implying an upside of 39.53%. Forecasts are model-based projections and not guarantees. For risk management, a downside scenario target is HKD 0.06 (-30.23% from current).

Risks, catalysts and 1293.HK trading plan

Primary risks include weak profitability, volatile used-car demand in Mainland China, and leverage that pressures cash flow. The company’s earnings announcement is scheduled for 26 Mar 2026, a potential catalyst for volatility.

A simple trading plan: size positions small, set a stop below HKD 0.08, use intraday bounces toward HKD 0.13–0.15 as profit-taking zones, and reassess after quarterly results. Sector context: Consumer Cyclical stocks in Hong Kong carry higher beta and cyclicality compared to the broader market.

Final Thoughts

Key takeaways: 1293.HK stock showed a sharp intraday sell-off on 02 Feb 2026, falling -35.82% to HKD 0.086 on very high volume. The move pushed the share well below 50-day and 200-day averages near HKD 0.15, creating a measurable oversold bounce opportunity for short-term traders. Fundamentals show low PB (~0.03), EPS -0.10, and meaningful leverage with debt to equity 0.91. Meyka AI’s forecast model projects HKD 0.12 in 12 months, an implied upside of 39.53% versus current price. That projection assumes no major deterioration in operational performance and normalisation of used-car demand in Mainland China. Traders should treat the current level as high-risk, use strict stops (below HKD 0.08), and watch the earnings release on 26 Mar 2026 as the primary catalyst. Meyka AI-powered market analysis highlights the oversold bounce pattern, but forecasts are model-based and not guarantees.

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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.