Jiujiuwang (01927.HK) Hong Kong Stock Hot List Analysis

Jiujiuwang (01927.HK) is a Hong Kong-listed candy and chocolate manufacturer [0]. Recently, it made it to the Hong Kong Stock Surge List on the East Money App, mainly due to the appearance of a golden cross signal on the technical side (10-day MA crossing above the 20-day MA), with significant short-term gains, attracting the attention of retail investors [0]. From the perspective of price and trading volume, the stock recently broke through the consolidation range of HK$0.12-HK$0.13; trading volume has increased but remains at a low level (10-day average volume is about 225,000 shares). The low liquidity feature means that small transactions can lead to large price fluctuations [0].

1. Short-term momentum and speculative trading drive: The golden cross signal on the technical side and significant short-term gains have formed a positive feedback, attracting more speculative trading and pushing the stock price to fluctuate further [0].
2. Deviation between fundamentals and technicals: Despite strong technical performance, the company has weak fundamentals—full-year loss of RMB 3.623 million in 2024, 47.8% year-on-year drop in profit in H1 2025, and continuous revenue decline [0], which may limit its long-term upside potential.
3. Retail investor dominance: Due to low stock price and limited liquidity, the stock is mainly participated by retail investors, and market sentiment is easily affected by short-term fluctuations [0].

• Weak fundamentals: The trend of losses and revenue decline has not improved, and there is a lack of clear performance growth drivers [0].
• Liquidity risk: Low trading volume makes the stock price vulnerable to manipulation; investors may face risks of difficulty in executing trades or large price fluctuations [0].
• Technical correction risk: After a rapid short-term rise, the stock price may face correction pressure [0].

• Short-term speculative opportunity: Strong technical performance and increased market attention may bring short-term trading opportunities [0].

Jiujiuwang (01927.HK) recently made it to the Hong Kong Stock Hot List due to the technical golden cross and significant short-term gains, but attention should be paid to risks such as weak fundamentals and low liquidity. Investors should combine their risk tolerance to carefully evaluate short-term speculative opportunities and long-term fundamental risks.

Support level: HK$0.12 [0]
Resistance level: HK$0.14 [0]