HK Hot Stock Analysis: C-LINK SQ (01463.HK)

• Stock Overview
  : C-LINK SQ (01463.HK) belongs to the Industrial/Professional Business Services sector. Its current price is approximately HK$0.26 (closing on December 22, 2025), with a market capitalization of about US$73.293 billion [0].
• Reason for Listing on the Hot List
  : The stock appeared on the East Money App’s Hong Kong Stock “Surge List” (from Tushare dc_hot data), mainly due to a rise from HK$0.25 to HK$0.26 (2% increase) on December 11. Since the event occurred on Christmas Day (when the Hong Kong stock market was closed), the hot list may reflect pre-holiday trading dynamics.
• Price and Trading Volume
  : After the price increase on December 11, it remained flat at HK$0.26. The total trading volume over the past 9 trading days was 288,000 shares, with the volume peaking at 108,000 shares on December 11 before quickly dropping to near zero, indicating low investor activity [0].
• Market Sentiment
  : Fundamental performance is weak: net profit margin of -140.04%, ROE of -50.79%, and a price-to-book ratio of 3.08x (on the high side) [0]. No recent news or announcements explain the price increase; it may be driven by short-term momentum.

1. Hot List Lag
   : The hot list during the closed market period is based on pre-holiday trading; real-time interpretation needs caution.
2. Momentum vs. Fundamental Divergence
   : The hot list performance stems from short-term price fluctuations, not fundamental improvements.
3. Amplified Liquidity Risk
   : In a low-volume environment, stock prices are easily affected by small funds, making it difficult for investors to enter or exit.

• Risks
  : Weak financial status (sustained negative profits, low ROE); low liquidity (near-zero trading volume); inability to verify the hot list status during the closed market; HKEX disciplinary action against the company and former directors in 2023 [1].
• Opportunities
  : No clear catalysts or fundamental support currently; no significant investment opportunities identified.

C-LINK SQ (01463.HK) made it to the hot list due to a short-term price increase, but it has weak fundamentals, low liquidity, and no clear catalysts. Investors need to pay attention to the support level at HK$0.25 and resistance level at HK$0.27, and carefully evaluate the weak financial and liquidity risks.