Hong Kong Technology Exploration (01137.HK) Hot Stock Analysis Report

Hong Kong Technology Exploration (01137.HK) is an internet retail enterprise in the consumer cyclical sector of the Hong Kong stock market [2][3], mainly operating the HKTVmall e-commerce platform. As of December 2, 2025, the company’s stock price is approximately HK$1.470, with a market capitalization of about HK$1.16 billion [3].

The company has recently become a hot stock mainly due to the following catalytic factors:

• Brand Public Welfare Initiatives
  : Its HKTVmall donated HK$10 million to assist affected residents of Tai Po Wang Fuk Court in rebuilding their homes and suspended platform live programs to support disaster relief, enhancing the brand’s public image [1].
• Business Innovation
  : Launched the GreenLab zone, selling near-expiry or packaging-defective products at prices as low as 30% of their original value, expanding the platform’s product category coverage [1].
• Growth Strategy Planning
  : Management stated that it will cooperate with three major mainland e-commerce platforms (Taobao, JD-SW, Pinduoduo) to compete with physical retail, and plans to shorten delivery time from 8 hours to 3 hours in the first quarter of 2026, demonstrating determination to improve operational efficiency [1].
• Technical Signal
  : On November 19, 2025, a “cup and handle breakout” technical pattern appeared, which is regarded as a short-term bullish signal [1].
• Market List Inclusion
  : Included in Tushare dc_hot (East Money App Hong Kong Stock Surge List), attracting investors’ attention [0].

According to recent data:

• Price Changes: 3-day increase of +4.167%, 5-day decrease of -1.961%, 10-day increase of +4.167% [1].
• Trading Volume: The average trading volume over the past 5 trading days was 1.46 million shares, showing a slight upward trend compared to the previous day’s 1.79 million shares [1].
• Price Range: The 52-week high is HK$1.980, and the low is HK$0.800 [3], with the current price in the upper-middle range of this interval.

• Market Sentiment Differentiation
  : Bullish technical patterns, positive management growth strategies, and brand public welfare initiatives drive positive sentiment; however, factors such as a 4.31% year-on-year decline in GMV in October 2025 and continuous company losses have triggered cautious sentiment [1][3].
• Competitive Landscape Changes
  : The entry of mainland e-commerce platforms into the Hong Kong market will intensify industry competition, and the company’s strategy of cooperating with mainland platforms may be an important measure to cope with competition [1].

• Competition Risk
  : The entry of mainland e-commerce platforms into the Hong Kong market will intensify industry competition [1].
• Profitability Risk
  : The company continues to incur losses, and its profitability has not yet been verified [3].
• Valuation Risk
  : Currently, the price-to-earnings ratio is negative, and valuation lacks profit support [2][3].

• Business Innovation Opportunity
  : The launch of the GreenLab zone may bring new users and revenue growth points to the platform [1].
• Efficiency Improvement Opportunity
  : The delivery time shortening plan may improve user experience and enhance the platform’s competitiveness [1].

Hong Kong Technology Exploration (01137.HK) has recently become a hot stock in Hong Kong stocks, mainly driven by brand public welfare initiatives, business innovation, and growth strategies. The company’s current price is approximately HK$1.470, which is in the upper-middle range of the 52-week price interval, and the technical side shows a short-term bullish signal. Market sentiment is divided, and the company faces risks such as competition and profitability. Investors should pay attention to subsequent GMV performance, profit improvement, and changes in the industry competitive landscape.