C-LINK SQ (01463.HK) Hong Kong Stock Hot List Performance and Risk Analysis

C-LINK SQ (01463.HK) is a Hong Kong-listed special commercial services company mainly providing document management outsourcing and enterprise software solution services. On December 9, 2025, the stock made it to the Oriental Fortune App’s Hong Kong Stock Surge List due to abnormally high trading volume, but there is no clear company-level or industry-level catalyst to explain this phenomenon [0].

In terms of price and volume, the stock’s price stabilized around $0.25 from December 1 to 9, with no significant rise or fall. However, the trading volume reached 196,000 shares on December 5, almost twice the average volume (104,065 shares) [0], indicating a significant increase in trading activity.

Regarding market sentiment, it is difficult to assess directly due to the lack of public social media data, but entering the hot list indicates that the stock has received investor attention recently. The increased volume may mainly come from retail investors, with no obvious institutional buying or selling signals [0].

1. Hot List Performance Lacks Fundamental Support
   : The company turned from profit to loss in H1 2025, recording a loss of 1.671 billion MYR [1], and has a history of regulatory sanctions for improper IPO-related behavior [2], with poor current fundamental conditions.
2. Speculative Trading Drives Hot List Ranking
   : In the absence of clear news or announcements, the increased trading volume may stem from short-term speculative funds rather than improvements in the company’s fundamentals.
3. High Valuation Risk
   : Despite the company being in a loss-making state, its P/B ratio is 3.13 and P/S ratio is 3.95, which are relatively high compared to its profit situation [3].

• Risks
  :
  1. Financial Risk
     : Loss of 1.671 billion MYR in H1 2025, with continuing deterioration in profit conditions [1].
  2. Regulatory Risk
     : Previously sanctioned by the Hong Kong Stock Exchange and the Securities and Futures Commission for improper IPO-related behavior [2].
  3. Valuation Risk
     : High P/B and P/S ratios in a loss-making state, with potential valuation correction pressure [3].
  4. Speculative Risk
     : Price fluctuations driven by short-term speculative funds may lead to investor losses.

• Opportunities
  :
  If the company can improve its profit situation or issue positive announcements in the future, it may bring opportunities for stock price fluctuations, but there is no clear catalyst currently.

C-LINK SQ (01463.HK) recently made it to the Hong Kong Stock Surge List mainly due to abnormally high trading volume and speculative trading, lacking clear fundamental support. The company has poor financial conditions (loss of 1.671 billion MYR in H1 2025), a history of regulatory sanctions, and high valuation. Investors should fully understand the above risks before making decisions.