Hong Kong Hot Stock Analysis: Deling Holdings (01709.HK) Draws Attention Due to Bitcoin-Related Business

Deling Holdings (01709.HK) is a company in the other financial sector (securities and brokerage) with a current share price of HK$2.36 and a market capitalization of HK$47.29 billion [0]. The stock has recently become a target on the Hong Kong Stock Hot List (Popularity List) of the East Money App [0], mainly influenced by two catalysts: first, the rebound in Bitcoin prices in December 2025 [1][2][3]; second, the expansion of the company’s Bitcoin mining business, which spent 21.85 million USD to acquire 2200 S21XP HYD mining machines [4][5].
In terms of price and trading volume, the day’s gain was 3.96%, with a trading volume of 37.01 million shares and a turnover of HK$86.82 million, significantly higher than the average level [0]. The 52-week price range of the stock is HK$2.10-HK$5.78 [0].

The popularity of Deling Holdings is highly correlated with Bitcoin’s market performance, and the expansion of its mining business further strengthens this correlation. Market sentiment is overall positive [0], with low short interest accounting for only 0.41% of trading volume [0]. Technically, the key resistance level is the intraday high of HK$2.43, and the support level is the 52-week low of HK$2.10 [0].

: Direct impact of Bitcoin price fluctuations, regulatory risks related to crypto business, and a high price-to-sales ratio (21.01x) [0].
: If Bitcoin prices continue to rebound, the company’s mining business is expected to contribute earnings, and the current increase in market attention may drive short-term liquidity growth [0].

Deling Holdings (01709.HK) became a Hong Kong hot stock due to the rebound in Bitcoin prices and its own mining business expansion, with both the day’s price gain and trading volume significantly higher than the average level. Although market sentiment is positive, attention should be paid to risks such as Bitcoin price fluctuations and regulation, while monitoring the development of the company’s crypto business.