8047.HK up 31.58% intraday 07 Jan 2026: China Ocean Group volume surge, watch targets
We saw a large intraday move in China Ocean Group Development Limited (8047.HK) on 07 Jan 2026 as the share price rose to HKD 0.025, up 31.58% from yesterday on a heavy volume burst. The trade showed 4,564,000.00 shares, roughly 8.61x average volume, flagging short-term momentum and liquidity interest in this Hong Kong (HKSE) listed small-cap. Traders should weigh the spike against weak trailing earnings and a negative PE while analysts watch book value and free cash flow metrics for confirmation.
Intraday price action for 8047.HK stock
China Ocean Group (8047.HK) opened at HKD 0.021 and traded between a day low of HKD 0.021 and a day high of HKD 0.027, closing near HKD 0.025 intraday. The reported volume was 4,564,000.00 versus an average volume of 529,918.00, producing a relative volume of 8.61. The stock move represents a HKD 0.006 change from the previous close of HKD 0.019, and the intraday surge is consistent with high-volume mover patterns on the HKSE.
Drivers and sector context behind 8047.HK stock
There is no public corporate announcement linked to today’s spike on the company site; the uptick appears driven by trading flows and liquidity rather than reported results. China Ocean Group operates in Integrated Freight & Logistics and ocean fishing within the Industrials sector. The sector average price-to-book is 1.36, while 8047.HK trades at a PB of 0.33, highlighting valuation divergence. See the company site for filings and background source.
Valuation and fundamentals for 8047.HK stock
Key fundamentals show EPS -0.01 and a reported PE of -2.50 (negative due to losses). Book value per share is HKD 0.08254, giving a price-to-book of 0.33 at the current price. Current ratio is 1.66, debt-to-equity 0.32, and gross margin roughly 11.37%. Enterprise value is HKD 330,406,408.00 vs market cap HKD 177,091,408.00, indicating leverage in enterprise valuation. More metrics and the company image are on file source.
Technical and liquidity signals for 8047.HK stock
Price sits below the 50-day average (HKD 0.02624) and 200-day average (HKD 0.02741), but today’s volume surge lifted the stock above the recent trading band. Relative volume 8.61 flags outsized liquidity and potential volatility. Short-term oscillators are limited on thin small‑cap data, so volume and moving average cross behaviour should guide intraday risk management. Watch bid-ask spreads and order book depth on the HKSE during extended runs.
Meyka AI grade and analyst consensus on 8047.HK stock
Meyka AI rates 8047.HK with a score out of 100: 67.92 / 100, Grade B, Suggestion: HOLD. This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. Third-party company rating shows a broader conservative stance (rating C, latest snapshot dated 03 Mar 2025). Investors should note the grade is informational only and not investment advice; underlying negatives in earnings and cash flow weigh on the score.
Price targets and short-term outlook for 8047.HK stock
Meyka AI’s forecast model projects multiple scenario targets versus the current HKD 0.025. Base-case target: HKD 0.035 (implied upside 40.00%). Bull-case target: HKD 0.082 (implied upside 228.00%) if book value recognition and recovery occur. Bear-case target: HKD 0.015 (implied downside -40.00%) if momentum fades and liquidity reverses. Forecasts are model-based projections and not guarantees. Combine targets with stop-loss levels and position sizing for intraday strategies.
Final Thoughts
Today’s high-volume move in China Ocean Group Development Limited (8047.HK) on the HKSE reflects a liquidity-driven rally rather than clear fundamental news. The stock traded HKD 0.025 intraday on 07 Jan 2026, with volume 4,564,000.00 and a relative volume of 8.61, signalling speculative interest and higher short-term volatility. Fundamentals remain stretched: EPS -0.01, PE negative, PB 0.33, and modest current ratio 1.66. Meyka AI’s grade of 67.92/100 (B, HOLD) highlights the mixed setup: cheap on book value but weak on earnings and cash flow. For traders, the key actions are to monitor order-book depth, manage risk with defined stops, and watch whether volume sustains above the 50-day and 200-day averages. Meyka AI’s forecast model projects a base-case HKD 0.035 (up 40.00%) and a bull-case HKD 0.082 (up 228.00%), while a failed momentum scenario could push the stock toward HKD 0.015 (down -40.00%). Forecasts are model-based projections and not guarantees; use them with due diligence and size positions to match short-term volatility on the HKSE in Hong Kong (HKD).
FAQs
The intraday jump appears driven by heavy trading flows and liquidity rather than a public corporate release. Volume spiked to **4,564,000.00**, about **8.61x** average, suggesting speculative or short-covering pressure on 8047.HK stock.
8047.HK trades at **PB 0.33** with book value **HKD 0.08254** and a negative PE. The low PB versus sector average **1.36** signals deep value but weak earnings and cash flow remain key risks for the stock.
Meyka AI models suggest a base-case **HKD 0.035** (+40.00%), bull-case **HKD 0.082** (+228.00%), and bear-case **HKD 0.015** (-40.00%). These are model projections and not guarantees.
Volume spikes can offer short-term trading opportunities but increase volatility. If entering, use tight risk controls, monitor spreads on the HKSE, and size positions to withstand rapid reversals in 8047.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.