1381.HK Canvest pre-market oversold bounce 24 Feb 2026: target HKD 5.80 (18.85% upside)
We see an early pre-market bounce for 1381.HK stock on 24 Feb 2026 after heavy volume suggests short-term exhaustion. Canvest Environmental Protection Group (1381.HK) trades at HKD 4.88 with intraday range HKD 4.87–4.89 and volume 11,603,749.00 shares. The oversold bounce thesis rests on elevated relative volume, solid cash generation and a model target near HKD 5.80. Below we map the catalysts, fundamentals, technical triggers and a clear trading framework for Hong Kong investors watching this HKSE-listed waste management name
Price action and pre-market setup for 1381.HK stock
Canvest Environmental Protection Group (1381.HK) opened pre-market at HKD 4.87 and sits at HKD 4.88. Volume today is 11,603,749.00, or 2.53x the average 4,581,259.00, signalling strong participation. The stock’s day range is HKD 4.87–4.89 and the 50-day average is HKD 4.80. High relative volume with a narrow price band fits an oversold bounce entry where buyers step in after short-term selling.
Fundamentals supporting an oversold bounce
Canvest operates waste-to-energy projects across China and reports trailing EPS HKD 0.38 and PE 12.84. Market cap stands at HKD 11,855,667,200.00 with book value per share HKD 4.20. Operating cash flow per share is HKD 0.48 and free cash flow per share is HKD 0.31, showing cash generation that can sustain operations. These metrics support a mean-reversion bounce when technicals improve.
Technical triggers and oversold bounce indicators for 1381.HK stock
Price sits slightly above the 50-day average HKD 4.80 and above the 200-day average HKD 4.62. Year low is HKD 3.92 and year high is HKD 4.89, leaving limited runway to last session highs. Elevated volume and a relative volume of 2.53 are the primary technical triggers for a short-term bounce. Traders should watch intraday support at HKD 4.75 and resistance at HKD 5.00.
Meyka AI grade, model forecast and valuation view for 1381.HK stock
Meyka AI rates 1381.HK with a score out of 100: 67.40 | Grade: B | Suggestion: HOLD. This grade factors S&P 500 and sector comparisons, financial growth, key metrics and analyst consensus. Meyka AI’s forecast model projects HKD 5.80 over one year versus the current HKD 4.88, implying 18.85% upside. Forecasts are model-based projections and not guarantees. Valuation shows PB 1.20 and EV/EBITDA 9.45, indicating fair value versus peers in Industrials — Waste Management.
Risks, sector context and what could invalidate the bounce
Key risks include high net debt to EBITDA (4.65), current ratio 0.79, and extended receivables days 257.57, all of which can pressure liquidity. The Industrials sector in Hong Kong has average PB 1.50; Canvest’s PB 1.20 is reasonable but debt metrics stand out. An earnings miss, policy shifts on municipal contracts, or renewed liquidity selling would invalidate the oversold bounce setup.
Practical trading plan and price targets for 1381.HK stock
For the oversold bounce strategy, consider a scaled entry between HKD 4.70 and HKD 4.90 with an initial stop at HKD 4.50. Short-term target is the Meyka model HKD 5.80 and a conservative profit-taking level at HKD 5.20. Use position sizing that limits downside to 2%–3% of portfolio value. Check company updates on Canvest website and HKSE filings for catalysts and confirmations.
Final Thoughts
Canvest Environmental Protection Group (1381.HK) shows a credible pre-market oversold bounce setup on 24 Feb 2026. The stock trades at HKD 4.88 with volume 11,603,749.00, more than double average, which supports a short-term reversal. Fundamentals such as EPS HKD 0.38, PE 12.84, PB 1.20, and positive free cash flow strengthen the case for a tactical bounce rather than a structural rally. Meyka AI’s forecast model projects HKD 5.80, implying 18.85% upside versus the current price. That target aligns with fair-value multiples and recent trading ranges. However, watch liquidity metrics—current ratio 0.79 and net debt/EBITDA 4.65—as downside catalysts. For Hong Kong (HKSE) traders, a disciplined plan with a stop below HKD 4.50 and staged exits at HKD 5.20 and HKD 5.80 balances reward and risk. Remember, forecasts are model-based projections and not guarantees. We use Meyka AI as an AI-powered market analysis platform to surface this setup and recommend active monitoring of company reports and HKSE filings before sizing positions.
FAQs
Is 1381.HK stock a buy on this pre-market bounce?
1381.HK stock shows a short-term bounce setup, but our Meyka grade is B (HOLD). Consider small, staged entries with a stop at HKD 4.50 and targets at HKD 5.20 and HKD 5.80.
What is Meyka AI’s price forecast for 1381.HK stock?
Meyka AI’s forecast model projects HKD 5.80 for 1381.HK stock, implying 18.85% upside from the current HKD 4.88. Forecasts are model-based and not guarantees.
Which risks could stop the oversold bounce in 1381.HK stock?
Risks include weak liquidity (current ratio 0.79), high net debt/EBITDA 4.65, slow receivables, and adverse contract or policy news. Any earnings miss could negate the bounce.
Where can I find official Canvest updates for 1381.HK stock?
Check Canvest’s corporate site at Canvest website and HKSE announcements for official filings and updates that affect 1381.HK stock.
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.