The most active Hong Kong name tonight is 0708.HK stock, trading after hours on 27 Feb 2026 with 162,856,795.00 shares changing hands and a session price of HKD 0.17. Volume was roughly 5.00 times the average, pushing the security into our Most Active set for liquidity-driven moves. Price sits below the 50-day average HKD 0.18 and well below the 200-day HKD 0.26, reflecting extended sell pressure. This Meyka AI update blends real-time trading, company metrics and a model-based outlook for investors watching short-term volatility on the HKSE.

0708.HK stock: Trading snapshot

After hours on 27 Feb 2026 China Evergrande New Energy Vehicle Group Limited (0708.HK) closed at HKD 0.17 with a reported change of +1.19%. Intraday high reached HKD 0.21 and low was HKD 0.17. Volume of 162,856,795.00 versus average volume 32,634,888.00 shows unusually high turnover on the HKSE, a classic Most Active signature.

Technical drivers and near-term signals

Price sits under the 50-day average HKD 0.18 and 200-day average HKD 0.26, a bearish medium-term position. Relative volume 4.99 and the day range indicate high liquidity and short-term volatility. Market cap reads HKD 1,843,444,864.00 and the stock’s year high and low are HKD 0.81 and HKD 0.12, respectively, giving traders wide reference points for stop and limit placement.

Financials and valuation for 0708.HK stock

Key ratios underline structural weakness: EPS -2.64, PE -0.06, current ratio 0.34, and book value per share -3.48. Price-to-sales is 1.20 while EV/Sales stands near 21.12, reflecting a large enterprise value relative to reported revenue per share. Free cash flow per share is -0.13, signalling negative cash conversion and elevated funding risk for operations in Hong Kong and China.

Meyka AI rates 0708.HK with a score out of 100

Meyka AI rates 0708.HK with a score out of 100: 64.58 (Grade B) and suggestion HOLD. This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. The grade reflects mixed signals: heavy trading interest but weak fundamentals and cash flow constraints. These grades are informational only and are not investment advice.

Meyka AI forecast and price targets

Meyka AI’s forecast model projects a 12-month base-case price of HKD 0.28, versus the current HKD 0.17, implying an upside of 64.71%. A downside stress case model shows a target of HKD 0.12, implying a downside of -29.41%. Forecasts are model-based projections and not guarantees. Use these levels with risk controls given the company’s negative EPS and weak liquidity ratios.

Risks, catalysts and sector context

Major risks include ongoing parent-group funding constraints, negative operating margins, and low current liquidity on reported ratios. Catalysts that could change the outlook are clearer cash injections, vehicle sales ramps or asset disposals. Sector peers in Hong Kong show stronger ROE and higher average P/E, underlining that 0708.HK stock performance lags the broader market and auto/health hybrids in the region.

Final Thoughts

Key takeaways for 0708.HK stock in this after-hours Most Active update: trading turned heavy with 162,856,795.00 shares, signalling short-term liquidity and heightened volatility on the HKSE. Fundamentals remain weak with EPS -2.64, negative free cash flow per share -0.13, and a low current ratio 0.34, so the equity carries elevated execution and funding risk in Hong Kong and China. Meyka AI’s model projects a 12-month base-case HKD 0.28 (implied upside 64.71%) and a stress-case HKD 0.12 (implied downside -29.41%). Our proprietary grade is B (64.58) with a HOLD suggestion, reflecting heavy trading interest offset by troubled financials. Traders focused on Most Active names should use tight risk management, size positions for volatility, and monitor any company updates or group liquidity moves before shifting strategy. Forecasts are model-based projections and not guarantees.

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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.