HQVT

Haijing Zhiyuan opened at HK$22.00 and pulled back from its intraday high, closing at HK$21.88, up 10.23% from the previous close of HK$19.85. The surge was primarily driven by active fund flows and sector trends, following a prolonged downtrend where the stock recorded multiple single-day drops of over 5% in the past two weeks, hitting a low of HK$14.56. The current price sits 27% below the 52-week high of HK$30 and 77% above the 52-week low of HK$12.36, while crossing above both MA20 (15.378) and MA60 (16.704), suggesting a technical rebound. However, the stock's PE of 521x and PB of 42.24x highlight persistent valuation concerns.

Haiqing Zhiyuan experienced a volatile session on the morning of August 3, 2026, ultimately closing 5.3% higher at HKD 17.200. The stock opened at HKD 16.870, dipped to an intraday low of HKD 16.900, then surged to an intraday high of HKD 17.200 before settling at the session's peak. The move follows a pattern of significant daily swings, with recent news highlighting active fund-driven volatility. Technically, the stock remains 42.67% below its 52-week high of HKD 30.00 but has recovered above both its 20-day moving average (HKD 15.00) and 60-day moving average (HKD 16.44), and is up 39.16% from its 52-week low of HKD 12.36. Valuation remains stretched, with a trailing P/E of 409.74x and P/B of 33.21x, amid lingering concerns over high multiples and speculative trading. However, the day's turnover of HKD 1.08 million and a turnover rate of just 0.01% suggest limited conviction behind the rally.

Shenzhen Haiqing Zhiyuan Technology surged 11.5% to close at HKD 16.29 in Hong Kong afternoon trading, reversing a morning session that saw the stock dip to HKD 13.11, resulting in a full-day range of 24.2%. The stock had corrected over 45% from its 52-week high of HKD 30 on June 21, hitting a 52-week low of HKD 12.36 on July 28, and traded well below its 60-day moving average of HKD 16.42, providing a backdrop for a strong technical rebound. Recent news flow has been mixed, with the stock experiencing frequent swings of 5% or more in previous sessions. Today's rally from an afternoon low of HKD 14.60 to the session's high at the close signals concentrated buying. However, with a trailing P/E of 389x and P/B of 31.5x, the valuation remains stretched, and the stock is still down 38.8% year-to-date, leaving the sustainability of the rebound in question.

Haiqing Zhiyuan staged a rally-and-retreat session today, climbing from HKD 12.90 in the morning to HKD 13.41, and touching HKD 13.81 in the afternoon before pulling back sharply to close at HKD 13.08, up about 1.4% from the open with an intraday range of 8.9%. The reversal was driven by persistent volatility since its listing: the stock has fallen 56.37% from its 52-week high of HKD 30 on June 21, with a YTD decline of 50.97%, and trades well below its 20-day MA of HKD 15.02 and 60-day MA of HKD 16.42. Valuation remains stretched, with a PE of 311.83x and PB of 25.27x, while the company's shaky fundamentals offer little support. Recent news shows multiple single-day swings exceeding 5% in July, reflecting highly unstable market sentiment. Though the closing price still sits 5.91% above the 52-week low of HKD 12.36, suggesting some near-term support.

HQVT (1392.HK) tumbled 12.5% today, opening low and declining throughout the session, with an intraday spike to HKD 14.88 in the morning before reversing sharply to a record low of HKD 12.70 in the afternoon. The selloff was driven by fragile sentiment following a prolonged downtrend, an elevated PE of over 304x, and thin turnover of only 0.07%. The stock now trades 57% below its 52-week high of HKD 30, with a YTD loss of 52.1%, and closes well below both the 20-day (HKD 15.44) and 60-day (HKD 16.68) moving averages, confirming a clear bearish technical setup. However, a brief intraday bounce suggests some speculative buying at the lows.