{"ticker": {"uuid": "63bad308-c44e-4f8a-b49d-1584b91c38e3", "symbol": "9890", "name": "Tanwan Inc.", "exchange": "HKG", "asset_type": "equity"}, "latest_week": "2026-06-12", "summary": "9890 closed the latest completed week at 12.44 HKD. The 4-week return is -14.7% and the 12-week return is -26.3%. Trend Signal is inactive, Market Dynamics is -1.19.", "description": "Tanwan Inc. operates as a publisher of online game products in Mainland China, Hong Kong, and internationally. The company operates and markets games under the TanWan brand, as well as offers real estate and other marketing services; and game marketing and operation services. It also sells rice noodle and mixed noodles, products, and other fast consumer food under the Zha Zha Hui brand. The company was formerly known as ZX Inc. and changed its name Tanwan Inc. in August 2025. The company was founded in 2015 and is headquartered in Guangzhou, the People's Republic of China.", "setup_signature": "Risk-first tape", "composite_score": "15", "kpis": [{"label": "Latest Close", "value": "12.44 HKD", "hint": "2026-06-12"}, {"label": "1W Return", "value": "-9.0%", "tone": "negative", "hint": "latest completed week"}, {"label": "4W Return", "value": "-14.7%", "tone": "negative", "hint": "short-term follow-through"}, {"label": "12W Return", "value": "-26.3%", "tone": "negative", "hint": "quarterly tape"}, {"label": "Trend Breadth", "value": "75.0%", "hint": "39 of 52 weeks active"}, {"label": "Volume Ratio", "value": "0.5x", "hint": "vs 13-week average"}], "classification": {"exchange": "HKG", "country": "HK", "sector": "Communication Services", "industry": "Electronic Gaming & Multimedia", "currency": "HKD", "market_cap": "7.9B"}, "price": {"trend_line": "16.27 HKD", "fair_value": "16.42 HKD", "vs_trend": "-23.6%", "vs_fair_value": "-24.2%", "high_52": "21.72 HKD", "low_52": "11.52 HKD", "drawdown": "-42.7%", "range_position": "9.0%"}, "momentum": {"returns": [{"label": "1W", "value": -8.997805413313829, "value_label": "-9.0%", "tone": "negative", "width": 25.708015466610938}, {"label": "4W", "value": -14.736120630568886, "value_label": "-14.7%", "tone": "negative", "width": 42.10320180162539}, {"label": "12W", "value": -26.303313169627568, "value_label": "-26.3%", "tone": "negative", "width": 75.15232334179305}, {"label": "26W", "value": -27.20889409011118, "value_label": "-27.2%", "tone": "negative", "width": 77.73969740031765}, {"label": "52W", "value": -18.47968545216252, "value_label": "-18.5%", "tone": "negative", "width": 52.79910129189291}], "trend_streak": 0, "active_weeks": 39, "active_breadth": "75.0%", "peer": {"scope": "HK Communication Services", "count": 149, "rank": 130, "percentile": 12.83783783783784, "avg_weekly_return": -1.6558321489627839}}, "setup": {"scores": [{"label": "Trend", "value": 41.25, "value_label": "41", "width": 41.25, "tone": "neutral", "description": "Persistence of active Trend Signal over the last year and current streak."}, {"label": "Momentum", "value": 0, "value_label": "0", "width": 4, "tone": "negative", "description": "Blend of 4-week and 12-week follow-through."}, {"label": "Dynamics", "value": 25.923452958548058, "value_label": "26", "width": 25.923452958548058, "tone": "negative", "description": "Latest Market Dynamics and whether pressure has improved over four weeks."}, {"label": "Relative Strength", "value": 0, "value_label": "0", "width": 4, "tone": "negative", "description": "Relative leadership and short-term RS change."}, {"label": "Volume", "value": 22.513813243267645, "value_label": "23", "width": 22.513813243267645, "tone": "negative", "description": "Participation compared with the 13-week volume baseline."}, {"label": "Risk Control", "value": 0, "value_label": "0", "width": 4, "tone": "negative", "description": "Drawdown and recent weekly volatility pressure."}], "timeline": [{"week": "27 Feb", "return": -14.821943463814073, "return_label": "-14.8%", "tone": "negative", "trend": true, "buy_signal": false, "positive_md": true, "height": 100}, {"week": "6 Mar", "return": -2.48588121548693, "return_label": "-2.5%", "tone": "negative", "trend": true, "buy_signal": false, "positive_md": true, "height": 20.715676795724416}, {"week": "13 Mar", "return": -6.257242178447287, "return_label": "-6.3%", "tone": "negative", "trend": true, "buy_signal": false, "positive_md": true, "height": 52.14368482039406}, {"week": "20 Mar", "return": 4.3263226205191705, "return_label": "4.3%", "tone": "positive", "trend": true, "buy_signal": false, "positive_md": false, "height": 36.05268850432642}, {"week": "27 Mar", "return": -5.035533473669061, "return_label": "-5.0%", "tone": "negative", "trend": true, "buy_signal": false, "positive_md": false, "height": 41.96277894724218}, {"week": "3 Apr", "return": -10.480354929485026, "return_label": "-10.5%", "tone": "negative", "trend": false, "buy_signal": false, "positive_md": false, "height": 87.33629107904189}, {"week": "10 Apr", "return": 4.39024390243903, "return_label": "4.4%", "tone": "positive", "trend": false, "buy_signal": false, "positive_md": false, "height": 36.58536585365859}, {"week": "17 Apr", "return": 1.0680907877169568, "return_label": "1.1%", "tone": "positive", "trend": false, "buy_signal": false, "positive_md": false, "height": 8.900756564307972}, {"week": "24 Apr", "return": 4.821664464993386, "return_label": "4.8%", "tone": "positive", "trend": false, "buy_signal": false, "positive_md": false, "height": 40.18053720827822}, {"week": "1 May", "return": -3.9067422810333916, "return_label": "-3.9%", "tone": "negative", "trend": false, "buy_signal": false, "positive_md": false, "height": 32.556185675278265}, {"week": "8 May", "return": 5.5737704918032875, "return_label": "5.6%", "tone": "positive", "trend": false, "buy_signal": false, "positive_md": false, "height": 46.44808743169406}, {"week": "15 May", "return": -9.37888198757765, "return_label": "-9.4%", "tone": "negative", "trend": false, "buy_signal": false, "positive_md": false, "height": 78.15734989648041}, {"week": "22 May", "return": -11.172035640849892, "return_label": "-11.2%", "tone": "negative", "trend": false, "buy_signal": false, "positive_md": false, "height": 93.10029700708243}, {"week": "29 May", "return": 6.48148148148148, "return_label": "6.5%", "tone": "positive", "trend": false, "buy_signal": false, "positive_md": false, "height": 54.01234567901233}, {"week": "5 Jun", "return": -0.942028985507252, "return_label": "-0.9%", "tone": "negative", "trend": false, "buy_signal": false, "positive_md": false, "height": 7.850241545893767}, {"week": "12 Jun", "return": -8.997805413313829, "return_label": "-9.0%", "tone": "negative", "trend": false, "buy_signal": false, "positive_md": false, "height": 74.98171177761525}]}, "groups": {"sector": {"scope": "HK Communication Services", "count": 100, 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"twelve_week_return": 17.99999999999999, "twelve_week_return_label": "18.0%", "twelve_week_return_tone": "positive", "trend_active": false, "positive_md": true, "positive_rs": true}, {"id": 43097, "symbol": "3798", "name": "Homeland Interactive Technology Ltd.", "exchange": "HKG", "url": "/terminal/8fbb7149-ff61-43a0-b23a-aab369f4ee6e/report/", "weekly_return": 5.30303030303029, "weekly_return_label": "5.3%", "weekly_return_tone": "positive", "four_week_return": 18.803418803418804, "four_week_return_label": "18.8%", "four_week_return_tone": "positive", "twelve_week_return": 6.923076923076913, "twelve_week_return_label": "6.9%", "twelve_week_return_tone": "positive", "trend_active": false, "positive_md": true, "positive_rs": true}, {"id": 44511, "symbol": "9999", "name": "NetEase, Inc.", "exchange": "HKG", "url": "/terminal/b50633d8-83e1-4bef-89e4-879862def733/report/", "weekly_return": 5.944804860237955, "weekly_return_label": "5.9%", "weekly_return_tone": "positive", "four_week_return": 11.590790233455806, "four_week_return_label": "11.6%", "four_week_return_tone": "positive", "twelve_week_return": 9.429831450542709, "twelve_week_return_label": "9.4%", "twelve_week_return_tone": "positive", "trend_active": false, "positive_md": true, "positive_rs": true}]}}, "dynamics": {"market_dynamics": "-1.19", "market_dynamics_tone": "negative", "md_4_change": "-33.3%", "relative_strength": "-16.20", "rs_4_change": "-144.6%", "expectation": "Negative", "expectation_probability": "41.22%"}, "volume": {"latest": "4.3M", "average_13": "8.0M", "average_52": "17.1M", "ratio_13": "0.5x", "ratio_52": "0.3x"}, "risk": {"volatility_13": "6.4%", "volatility_52": "8.7%", "downside_weeks": 30, "upside_weeks": 22, "downside_breadth": "57.7%", "average_gain": "8.0%", "average_loss": "-5.9%"}, "signals": [{"label": "Trend Signal", "value": "Inactive", "tone": "negative"}, {"label": "Market Dynamics", "value": "No fresh buy", "tone": "neutral"}, {"label": "Price vs Trend", "value": "-23.6%", "tone": "negative"}, {"label": "Volume", "value": "0.5x", "tone": "neutral"}], "opportunities": ["No strong opportunity cluster is confirmed yet; monitor trend and Market Dynamics."], "risks": ["Trend Signal is inactive, so price action has not confirmed a constructive regime.", "Price is below the Trend Line, which keeps downside pressure in focus.", "Price is below Fair Value, so the market is still discounting the latest tape.", "Market Dynamics is negative, which weakens the current setup.", "The share remains more than 20% below its 52-week high."], "watch_points": ["Trend Line remains the key weekly regime level.", "Market Dynamics is the pressure gauge to monitor for confirmation or fade.", "A volume ratio above 1.5x would show stronger participation in the next move."], "recent_rows": [{"week": "2026-06-12", "close": "12.44 HKD", "weekly_return": -8.997805413313829, "weekly_return_label": "-9.0%", "weekly_return_tone": "negative", "trend_line": "16.27 HKD", 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