Puxing Energy (00090.HK) Hong Kong Stock Hot Stock Analysis

Puxing Energy (00090.HK), as a hot stock in the new energy sector of the Hong Kong stock market, its popularity mainly stems from short-term price fluctuations and historical speculation inertia [1]. On December 20, 2025, it rose by 9.76% intraday [0], driving the stock into the Hong Kong Stock Surge List on the East Money App. In terms of price and trading volume, as of December 24, 2025 (before the Christmas closure), the closing price stabilized at HK$1.34, which is in the middle of the 52-week price range (HK$0.401 - HK$2.28) [2]. However, the trading volume on that day was only 276,000 shares, with a turnover of HK$370,100, far below the historical average, indicating extremely low liquidity [0].

The stock has significant volatility characteristics. In July 2025, it once soared by over 280% in the short term due to the blockchain/stablecoin concept of subscribing to HashKey Holdings’ preferred shares [1]. Such frequent concept speculation has attracted the attention of short-term traders, but it has also raised doubts among some investors about its status as a ‘chop stock’ (suspected manipulation) [1]. The global energy sector rose slightly by 0.0447% on that day [3], but its direct impact on this Hong Kong stock new energy individual stock was limited; its price fluctuations were more driven by its own speculation factors.

• Risks
  : The interim net profit in 2025 decreased by 67.23% year-on-year to HK$12.073 million [1], with weak fundamentals; extremely low liquidity (daily trading volume less than HK$1 million) may lead to severe price fluctuations caused by large transactions; historically relying on concept speculation lacks sustained fundamental support, making price rises and falls difficult to predict.
• Opportunities
  : As a new energy sector stock, if there are favorable industry policies or substantial improvements in the company’s fundamentals in the future, there may be short-term rebound opportunities, but it is necessary to carefully evaluate its speculation risks.

Puxing Energy (00090.HK) currently has a price of HK$1.34, with a short-term support level of approximately HK$1.30 and a resistance level of approximately HK$1.40 [0]. The stock’s popularity mainly stems from short-term price fluctuations and historical speculation inertia. Investors need to pay attention to risks such as weak fundamentals, insufficient liquidity, and concept speculation, and avoid blind following.