Putian 1720.HK up 94.12% to HKD 0.66 on HKSE 24 Feb 2026: short-term momentum
Putian Communication Group Limited (1720.HK stock) surged 94.12% to HKD 0.66 in after-hours trade on 24 Feb 2026, led by a huge volume spike of 60,570,000 shares versus an average of 4,528,271. The move made 1720.HK one of Hong Kong’s top gainers on the HKSE in the session. We examine the drivers, valuation, technicals and short-term price targets to help traders and investors assess whether this momentum can persist.
1720.HK stock price and volume spike
Putian 1720.HK stock opened at HKD 0.45 and hit a high of HKD 0.68 before settling at HKD 0.66 after hours. Intraday volume was 60,570,000 shares, a relative volume of 8.08, signalling outsized retail or speculative flow. The stock’s 50-day average is HKD 0.17 and the 200-day average is HKD 0.13, marking a sharp short-term re-rating.
Drivers and 1720.HK analysis: news, catalysts and flow
There is no single official news release linked to the spike. Given the scale, the likely drivers are liquidity-driven buying, short-covering and sector rotation into Communication Equipment names. Market participants should watch company filings and trading notices. For background, Putian’s website lists fibre and copper cable products and structured cabling systems company site.
Valuation and fundamentals for 1720.HK stock
Putian trades at PE 20.40 and PB 0.72, below the Technology sector average PE of 35.07. Key trailing metrics: revenue per share 0.62, EPS 0.02, and market cap HKD 489,500,000. Working capital stands at HKD 316,933,000 and debt-to-equity is 0.60. These figures show low market pricing versus sector multiples, but operating margins are thin and receivables days are long at 290 days, posing collection risk.
Meyka AI rates 1720.HK with a score out of 100 and technicals
Meyka AI rates 1720.HK with a score out of 100: 65.56 (Grade B, Suggestion: HOLD). This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. Technical indicators show an overbought structure: RSI 88.09, ADX 63.62 and Money Flow Index 87.38. Short-term traders can use the day high HKD 0.68 as resistance, with immediate support near the intraday low HKD 0.395. See the company profile and image at financial profile image.
Price targets, Meyka forecast and risks
From a trading view, a short-term technical target is HKD 0.80 if momentum holds. Meyka AI’s forecast model projects a one-year price of HKD 0.21, a three-year price of HKD 0.35, and a five-year price of HKD 0.49, all model-based projections. Risks include stretched sentiment, very long receivables days, weak interest coverage 0.34, and concentrated retail flows. Watch official disclosures and abnormal trade reports before trading.
Final Thoughts
Putian Communication Group (1720.HK stock) was the session’s top gainer on the HKSE after hours on 24 Feb 2026, jumping to HKD 0.66 on heavy volume. The surge reflects strong short-term momentum but sits against mixed fundamentals: attractive PB 0.72, modest PE 20.40, and long receivables at 290 days. Meyka AI’s forecast model projects a one-year level of HKD 0.21, implying an approximate -68.70% downside from the current price. Traders may treat the move as a momentum trade with tight risk controls. Investors seeking value should weigh the company’s cash flow metrics, debt profile and the broader Technology sector context before adding exposure. These forecasts are model-based projections and not guarantees, and Meyka AI provides this as informational market analysis.
FAQs
Why did 1720.HK stock surge after hours on 24 Feb 2026?
The after-hours surge likely reflects heavy retail buying, short covering and momentum flows. Volume reached 60,570,000, much above the average. No single regulatory announcement explained the move, so monitor company filings and trading notices for confirmation.
What are Meyka AI’s forecasts and how do they compare to the 1720.HK stock price?
Meyka AI’s forecast model projects a one-year price of HKD 0.21, a three-year price HKD 0.35, and a five-year price HKD 0.49. Compared with the current HKD 0.66, these point to sizable downside by the one-year horizon.
Is 1720.HK stock a buy after the jump?
Given overbought technicals (RSI 88.09) and long receivables days, the stock looks risky for buy-and-hold. Short-term traders may exploit momentum, while longer-term investors should wait for clearer fundamentals and official catalysts.
Where can I find Putian company information and filings for 1720.HK stock?
Company information is on Putian’s website at Putian website. Also check exchange notices on the HKSE portal and independent data providers for filings and trading alerts.
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.