1617.HK Nanfang Communication +54.69% after hours 24 Feb 2026 HKSE: high volume seen
The market moved sharply in after-hours trading as 1617.HK stock surged 54.69% to HKD 0.495 on 24 Feb 2026. The rally came with 103,137,900 shares traded, well above the 13,139,661 average volume. This price action happened on the HKSE in Hong Kong and followed heavy intraday buying that pushed the stock from an open of HKD 0.37 to a day high of HKD 0.50. Volume and momentum now shape near-term trading decisions for Nanfang Communication Holdings Limited.
After-hours move: 1617.HK stock price and volume
The most important fact is the oversized volume. 103,137,900 shares traded versus an average of 13,139,661. The stock closed after hours at HKD 0.495, up 54.69% on the session. High volume confirms the move is market-driven rather than a thin-market spike.
Drivers for 1617.HK stock
One clear driver is sector tailwinds in Technology and Communication Equipment. Investors are rotating into mid-cap suppliers after strength in network capex. Another driver is recent company-level improvements in gross margin and EPS, with reported EPS 0.04 and PE 8.88, which make valuation look inexpensive relative to some peers.
Fundamentals and valuation for 1617.HK stock
Nanfang Communication has a market cap near HKD 577.32M and book value per share of HKD 0.52. Key ratios include PB 0.60, P/S 1.09, and current ratio 1.89. The company shows positive net margin at 12.97% and reasonable leverage with debt to equity 0.31.
Technicals, sentiment and trading setup for 1617.HK stock
Technicals show strong momentum: RSI 68.02, ADX 65.19, and MACD slightly positive. The stock sits near its year high of HKD 0.51, with Bollinger upper band at HKD 0.47. Money flow is heavy with MFI 82.83, signalling short-term overbought conditions. Traders should expect volatility after a 54.69% gap move.
Meyka grade and analyst-style forecast for 1617.HK stock
Meyka AI rates 1617.HK with a score out of 100: 67.64 (Grade B, HOLD). This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. Meyka AI’s forecast model projects a monthly price of HKD 0.41, yearly HKD 0.1788, and a three-year target of HKD 0.2681 compared with the current price of HKD 0.495. The monthly projection implies downside of -17.17% versus today. Forecasts are model-based projections and not guarantees.
Risks and opportunities for 1617.HK stock
Opportunity: cheap valuation metrics and strong order flow in telecom infrastructure could lift revenues. Risk: long receivables cycle with DSO 273 days and weak operating cash flow per share at -0.02. A sharp volume-driven rally can reverse quickly if earnings or contract updates disappoint.
Final Thoughts
Key takeaways for 1617.HK stock: the after-hours surge to HKD 0.495 accompanied by 103,137,900 shares is a clear high-volume mover signal on the HKSE. Fundamentals show attractive valuations, with PE 8.88 and PB 0.60, but cash flow measures remain weak. Meyka AI’s grade of 67.64 (B, HOLD) balances the valuation strength against liquidity and receivable risks. Our forecast model projects a monthly price near HKD 0.41, implying -17.17% from the current price of HKD 0.495, and a three-year figure of HKD 0.2681. Traders should watch volume sustainability and any company announcements. For company details visit the issuer site and our Meyka stock page for live updates: Nanfang Communication website and Meyka 1617.HK page. Forecasts are model-based projections and not guarantees.
FAQs
Why did 1617.HK stock surge after hours?
The after-hours surge reflected heavy buying and a volume spike of 103,137,900 shares. Sector strength and improved margins drove momentum. No single mandatory announcement was required for a volume-driven move.
What is Meyka AI’s view on 1617.HK stock?
Meyka AI assigns a score of 67.64 (B, HOLD). The model sees valuation strength but flags cash flow and receivable risks. This is informational, not investment advice.
What price targets and forecasts exist for 1617.HK stock?
Meyka AI’s forecast model projects monthly HKD 0.41, yearly HKD 0.1788, and three-year HKD 0.2681. Current price is HKD 0.495. Forecasts are projections, not guarantees.
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.