Analysis of Short-Term Severe Price Fluctuations of Puxing Energy (00090.HK)

Puxing Energy (00090.HK) is a Hong Kong-listed stock in the renewable energy utility sector. Recently, it entered the surge list of Hong Kong stocks on the East Money App due to severe price fluctuations [0]. From November 28 to December 1, 2025, the stock rose consecutively, recording single-day gains of +12.28% and +4.65% respectively. Then it fell sharply by 17.04% on December 2, with a single-day price fluctuation exceeding 30% (from a high of HK$1.26 to a low of HK$1.10). Meanwhile, the average trading volume over the past 3 trading days was 978,000 shares, about 4.9 times the historical average, indicating a significant increase in market attention [0].

1. Speculation-driven Price Fluctuations
   : Currently, no major positive or negative news explaining the recent severe price fluctuations has been found. High trading volume and price swings may be mainly driven by short-term speculative activities [0].
2. Insufficient Fundamental Support
   : The company’s return on equity (ROE) is only 4% and net profit margin is 6.16%, with average fundamental performance that is hard to sustain sharp price increases [0].
3. Rising Domestic Investor Attention
   : The stock entering the East Money App’s Hong Kong stock surge list reflects widespread attention among domestic investors [0].

• Main Risks
  :

1. High Volatility Risk
   : Recent price fluctuations are extremely large, with single-day changes exceeding 10% frequently occurring. Investors need to watch for risks from short-term swings [0].
2. Unsustainable Trading Volume Risk
   : Recent high volume may stem from short-term speculation; if volume returns to historical averages, price trends may lack support [0].
3. Information Asymmetry Risk
   : No clear cause for price fluctuations has been identified. Investors should be alert to potential information asymmetry risks [0].

• Opportunities
  : No significant investment opportunities have been identified yet. Continuous monitoring of fundamental changes and industry dynamics is advised.

Puxing Energy (00090.HK) has recently become a hot stock due to short-term severe price fluctuations and abnormal volume spikes, but currently lacks clear fundamental support or major event drivers. Investors should focus on short-term support (HK$1.10) and resistance (HK$1.35) levels, and remain cautious of high volatility, unsustainable volume, and information asymmetry risks [0].