Analysis of Abnormal Movement of Hong Kong Stock Hot Pick Wanka Group (00401.HK)

Wanka Group (00401.HK) recently made it to the Hong Kong stock hot list (soaring list) on the East Money App, but the reason for its abnormal movement is still unclear. According to the company’s interim financial report [0], as of the mid-term of 2025, the company recorded HK$85.7 million in revenue, a year-on-year increase of 2.4%, but a net loss of HK$712,000. The loss is mainly due to the sharp drop in sales revenue of the maid costume business from HK$25.758 million in the same period last year to HK$3.324 million; although the revenue from the special occasion clothing business increased, it failed to fully offset the decline in this segment. The report mentions the hemodialysis business as a growth driver but does not provide detailed financial data [0].

From the perspective of trading data, Futu Securities shows that the closing price of this stock as of December 24 was HK$0.108, with no change on the day [0]; in addition, recent reports indicate that this stock has dropped by 28% in the past month [0]. There is a discrepancy between the abnormal movement shown on the East Money list and the latest trading data; it is speculated that this may be due to technical factors (such as short-term fluctuations caused by low floating shares), changes in market sentiment, or differences in data statistical standards. Since Hong Kong stocks were closed on December 25, the abnormal movement should have occurred in an earlier trading session.

1. The company’s business structure faces challenges: The sharp decline in the maid costume business reflects that the core business has hit a bottleneck; attention should be paid to whether the company can achieve sustainable growth through new sectors such as special occasion clothing or hemodialysis.
2. Correlation between market capitalization and volatility: Wanka Group has a market capitalization of approximately HK$605 million, which is a small-cap stock; it is susceptible to speculative funds, and short-term price fluctuations may lack fundamental support.
3. Information asymmetry risk: Currently, there is a lack of recent major news or announcements explaining the abnormal movement; investors need to be alert to possible market speculation or data anomalies.

• Speculative risk: Small-cap stock prices are easily manipulated; abnormal movement may be short-term speculation, lacking long-term fundamental support.
• Performance risk: The company is currently in a loss state; the core business is declining, and new businesses have not yet formed clear profit contributions.
• Information risk: The reason for the abnormal movement is unknown; investors may make wrong judgments due to information asymmetry.

• Business transformation potential: If the hemodialysis business can develop smoothly, it may become a new performance growth point for the company.
• Valuation repair possibility: If the stock price has dropped too much in the early stage, a short-term rebound may have certain trading opportunities, but careful evaluation is needed.

Wanka Group (00401.HK) made it to the Hong Kong stock hot list (soaring list), but the reason for its abnormal movement is still unclear. The company’s interim financial report shows a slight increase in revenue but a net loss; the core maid costume business has declined sharply; the hemodialysis business is mentioned as a growth driver but no detailed data has been disclosed yet. Trading data shows that the stock price has been in a downward trend recently, with no change on the latest trading day. This is a small-cap stock and is susceptible to speculation; investors need to carefully evaluate the sustainability of its abnormal movement and focus on the company’s business transformation progress and subsequent announcements.