9677.HK stock down 25.77% on 06 Feb 2026 Market closed: key levels and forecasts

The 9677.HK stock fell sharply on 06 Feb 2026, closing at HK$1.93, down 25.77% on the day after heavy selling volume of 129,000 shares as Hong Kong markets closed. This drop erased value toward the year low of HK$1.91 and left the stock trading well below its 50-day average of HK$2.82 and 200-day average of HK$2.92. Investors should note Weihai Bank Co., Ltd. Class H (9677.HK) trades on the HKSE and shows a low PB of 0.33 with a PE of 5.46, highlighting valuation stress against the Financial Services sector.

Market move and price action for 9677.HK stock

Weihai Bank (9677.HK) closed at HK$1.93 on 06 Feb 2026, down HK$0.67 from the previous close of HK$2.60.

Valuation and fundamentals for 9677.HK stock

The shares trade at a PE of 5.46 and PB of 0.33, while EPS is HK$0.35 and book value per share is HK$5.48, showing a deep price-to-book discount compared with regional peers in Financial Services.

Volume, liquidity and sector context for 9677.HK stock

Volume spiked to 129,000 versus average volume 6,306.00, a relative volume of 87.38, suggesting forced selling or block trades while the Financial Services sector showed modest performance and an average PE of 14.25.

Technical read and risk signals on 9677.HK stock

Technicals show RSI 32.28, MACD histogram -0.04, and ADX 38.98 indicating a strong downtrend; immediate support sits near the year low HK$1.91 and resistance near the 50-day average HK$2.82.

Meyka AI grade and analyst context for 9677.HK stock

Meyka AI rates 9677.HK with a score out of 100: 69.03 which equates to a B grade and a HOLD suggestion. This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. Independent company rating data dated 05 Feb 2026 also shows a B / Neutral view with mixed DCF and balance-sheet signals.

Forecasts, price targets and outlook for 9677.HK stock

Meyka AI’s forecast model projects a monthly target of HK$2.50 and a 12-month target of HK$3.13; versus the current HK$1.93, implied upside is 29.53% to the monthly target and 62.12% to the 12-month target, while forecasts remain model-based projections and not guarantees.

Final Thoughts

Weihai Bank Class H (9677.HK) closed the HKSE session on 06 Feb 2026 at HK$1.93, a 25.77% daily drop driven by heavy volume and a move below key short-term averages. Fundamentals are mixed: low PB 0.33 and low PE 5.46 imply valuation appeal, while negative operating cash flow per share -2.04 and elevated debt-to-equity 1.66 raise funding and credit concerns. Technically the stock is oversold with RSI 32.28 and ADX 38.98, increasing short-term volatility risk. Meyka AI’s forecast model projects HK$2.50 (monthly) and HK$3.13 (12-month), implying potential upside of 29.53% and 62.12% respectively from today’s close, but forecasts are model-based projections and not guarantees. Investors seeking exposure to regional banks in Hong Kong should weigh the dividend yield of 5.73%, balance-sheet metrics, and upcoming earnings on 2026-04-01 before taking fresh positions, and can track real-time updates on the company site Weihai Bank and company profile data image source. Meyka AI provides this analysis as an AI-powered market analysis platform and not financial advice.

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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.