The 1738.HK stock tumbled 12.59% in pre-market trading on 13 Jan 2026, hitting HKD 0.118 and ranking among Hong Kong’s top losers. Volume is modest at 1,977,500 shares versus an average of 4,516,620, suggesting limited liquidity amplified the move. Traders should weigh short-term selling pressure against a wide one-year range from HKD 0.09 to HKD 0.58 before repositioning, as the company reports negative earnings metrics and tight cash balances.

Pre-market price action for 1738.HK stock

Feishang Anthracite Resources Limited (1738.HK) opened lower in the Hong Kong market, sliding from a previous close of HKD 0.135 to HKD 0.118. The intraday band is HKD 0.116–0.127, and the stock is trading below its 50-day average of HKD 0.14 and near the 200-day average of HKD 0.126. This price move places 1738.HK among top pre-market losers on the HKSE and signals heightened short-term selling.

Drivers behind the drop and recent news on 1738.HK stock

The sell-off reflects weak fundamentals and sector caution in Hong Kong’s Energy/Coal group. Feishang operates four mines in Guizhou and shows a trailing EPS of -0.51, producing a negative PE of -0.25, which pressures sentiment. Lower cash per share (HKD 0.0023) and a thin current ratio (0.05) raise near-term funding concerns. No new corporate announcements accompany the move; see the company site for filings Feishang website and market listings on HKEX.

Fundamentals and valuation snapshot for 1738.HK stock

Key ratios show stressed fundamentals: price-to-sales is 0.54, EV-to-sales is 7.64, and enterprise value stands near HKD 2.23B while market cap is HKD 175,329,317. Book value per share is negative at -1.38, and shareholders’ equity per share is -1.49, indicating a leveraged balance sheet. One claim per metric: the negative book value raises solvency concerns for equity holders.

Technicals, liquidity and short-term trading signals for 1738.HK stock

Technically the stock shows mixed momentum: RSI is 52.45, ADX at 32.59 signals a strong trend, and Bollinger bands sit 0.10–0.14. On volume, today’s 1,977,500 shares are below the 50-day average, which can exaggerate price moves. The stock’s days-payable metric is extreme at 1,063.89, reflecting working-capital stress that can translate into operational risk and price volatility.

Meyka Grade and model forecast for 1738.HK stock

Meyka AI rates 1738.HK with a score out of 100: Meyka AI rates 1738.HK with a score out of 100 — 62.87 | Grade: B | Suggestion: 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 0.12 and a quarterly price of HKD 0.14. Compared with the current HKD 0.118, the model implies a +1.69% upside to the monthly target and +18.64% to the quarterly target. Forecasts are model-based projections and not guarantees.

Risks and catalysts affecting 1738.HK stock outlook

Primary risks include ongoing negative earnings (EPS -0.51), a weak current ratio (0.05), and volatile coal pricing in China. Potential catalysts are higher anthracite prices, improved mine output, or a capital injection that would ease liquidity. One claim per item: funding events would materially reduce operational risk and could re-rate the stock.

Final Thoughts

Short-term traders saw 1738.HK stock lead pre-market losers on 13 Jan 2026 after a 12.59% drop to HKD 0.118 driven by frail fundamentals and limited trading depth. Our analysis highlights negative book value (-HKD 1.38 per share), EPS -0.51, and a tight current ratio (0.05) as core structural risks. From a technical angle, the stock sits below its 50-day average and trades on subdued volume, which can magnify moves. Meyka AI’s model projects HKD 0.12 (monthly) and HKD 0.14 (quarterly), implying +1.69% and +18.64% upside respectively versus the current price of HKD 0.118. Investors seeking exposure to anthracite should weigh the B-grade HOLD from Meyka AI, the company’s cash constraints, and sector cyclicality in Hong Kong’s Energy/Coal space before adding positions. Forecasts are model-based projections and not guarantees.

FAQs

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.