Core Viewpoint - The stock price of Automobile Street (02443) has experienced significant volatility since its listing, with recent trends indicating a potential exit from the Hong Kong Stock Connect program due to its market capitalization falling below the required threshold [5][7]. Price Performance - Since reaching a peak of 5.11 HKD on July 18, the stock has entered a downward trend, with a recent low of 3.38 HKD observed on November 21 [2][11]. - The stock has been in a state of decline since its listing, with a drop of over 60% from its initial offering price of 10.2 HKD [1][5]. Technical Analysis - The stock is currently in a downward trend, with all moving averages showing a downward divergence, indicating a fundamental shift in the previous technical trend [2][3]. - The stock has entered an oversold territory, with a low profit-taking ratio of only 0.16%, suggesting a high level of trapped investors [8][15]. Market Capitalization and Stock Connect - The average market capitalization of Automobile Street during the review period is 33.44 billion HKD, significantly below the 61.01 billion HKD threshold for inclusion in the Stock Connect program [5][6]. - The next review for the Stock Connect program is scheduled for February 25, 2025, with the assessment period from January 1, 2025, to December 31, 2025 [5][6]. Trading Volume and Investor Behavior - The stock has seen a significant decrease in trading volume, with only five days in the past two months exceeding 500,000 shares traded, indicating a lack of market activity and investor interest [14]. - Despite the downward trend, some mainland investors are buying the stock, possibly speculating on a short-term technical rebound [11][13]. Potential Impact of Stock Connect Removal - If removed from the Stock Connect program, mainland investors will be unable to buy shares, potentially leading to increased selling pressure as approximately 14% of shares could be offloaded [15].
汽车街进入“出通”倒计时，港股通资金逆市操作博弈短期反弹？