HKEX Holiday Analysis: C-LINK SQ (01463.HK) as 'Hot Stock'

C-LINK SQ (01463.HK), a company engaged in data processing and outsourced document management services, was labeled as a “hot stock” in the event on January 1, 2026. However, since the Hong Kong Stock Exchange was closed on that day (New Year’s holiday)[1], there was no trading data available for that date. According to historical data[0], as of December 29, 2025, the company’s stock price was HK$0.26, with a market capitalization of approximately HK$732.9 million, and a year-to-date return of 19.05% in 2025.

1. Impact of Holiday Closure
   : Due to the New Year holiday, the “hot stock” label in the event lacks direct trading drivers (such as a price surge or high trading volume). Potential reasons may include pre-holiday rumors, expectations of company announcements after the holiday, or momentum from the pre-holiday trading session.
2. Price and Volume Trends
   : The company’s stock price has remained at HK$0.26 from December 17 to 29, 2025, with extremely low trading volume[0], which may be related to insufficient liquidity during the holiday period.
3. Regulatory and Financial History
   : The company was reprimanded by the Hong Kong Stock Exchange in 2023 for IPO-related misconduct (failure to disclose service agreements and payments)[3]. Meanwhile, its current ROA (-8.84%) and ROE (-9.66%) are both negative[0], indicating weak financial performance.

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1. Profitability challenges: Negative ROA and ROE reflect weak financial performance[0].
2. Regulatory history: Past disciplinary actions by the Hong Kong Stock Exchange raise concerns about corporate governance[3].
3. Insufficient liquidity: Recent stable prices and low trading volume indicate limited investor interest[0].
4. Holiday uncertainty: The “hot stock” label may reflect unsubstantiated pre-holiday speculation, which could fade after the holiday.

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It is necessary to monitor the trading situation on January 2, 2026 (the first trading day after the holiday) to see if there is a surge in trading volume or price changes, and whether any company announcements were released during the holiday.

This analysis is based on the event on January 1, 2026 and related historical data. Since the Hong Kong Stock Exchange was closed on that day, the “hot stock” label in the event lacks direct trading evidence. The company faces financial and regulatory challenges, while new trading or announcements may emerge after the holiday. It is recommended to pay attention to subsequent trading and company developments.