{"ticker": {"uuid": "640f1938-9503-4173-baef-2b3e2ee75627", "symbol": "1631", "name": "REF Holdings Limited", "exchange": "HKG", "asset_type": "equity"}, "latest_week": "2026-06-12", "summary": "1631 closed the latest completed week at 1.47 HKD. The 4-week return is 38.7% and the 12-week return is 206.2%. Trend Signal is active, Market Dynamics is 1.46.", "description": "REF Holdings Limited, an investment holding company, provides financial printing services in Hong Kong. The company provides financial printing services comprising typesetting, proofreading, translation, editing, copywriting, creative design and concept, printing, web submitting, media placement, and distribution services. It also provides printing of listing documents/IPO prospectuses, financial reports, circulars, announcements, compliance documents, corporate brochures, marketing collaterals, and other documents. In addition, the company leases AGM/EGM conference rooms. The company was founded in 2010 and is headquartered in Central, Hong Kong. REF Holdings Limited is a subsidiary of Jumbo Ace Enterprises Limited.", "setup_signature": "Deep recovery attempt", "composite_score": "63", "kpis": [{"label": "Latest Close", "value": "1.47 HKD", "hint": "2026-06-12"}, {"label": "1W Return", "value": "5.8%", "tone": "positive", "hint": "latest completed week"}, {"label": "4W Return", "value": "38.7%", "tone": "positive", "hint": "short-term follow-through"}, {"label": "12W Return", "value": "206.2%", "tone": "positive", "hint": "quarterly tape"}, {"label": "Trend Breadth", "value": "55.8%", "hint": "29 of 52 weeks active"}, {"label": "Volume Ratio", "value": "0.4x", "hint": "vs 13-week average"}], "classification": {"exchange": "HKG", "country": "HK", "sector": "Industrials", "industry": "Specialty Business Services", "currency": "HKD", "market_cap": "348.2M"}, "price": {"trend_line": "0.62 HKD", "fair_value": "0.39 HKD", "vs_trend": "137.2%", "vs_fair_value": "281.7%", "high_52": "1.89 HKD", "low_52": "0.36 HKD", "drawdown": "-22.2%", "range_position": "72.5%"}, "momentum": {"returns": [{"label": "1W", "value": 5.755395683453243, "value_label": "5.8%", "tone": "positive", "width": 16.443987667009267}, {"label": "4W", "value": 38.67924528301886, "value_label": "38.7%", "tone": "positive", "width": 100}, {"label": "12W", "value": 206.25, "value_label": "206.2%", "tone": "positive", "width": 100}, {"label": "26W", "value": 272.1518987341772, "value_label": "272.2%", "tone": "positive", "width": 100}, {"label": "52W", "value": 219.56521739130434, "value_label": "219.6%", "tone": "positive", "width": 100}], "trend_streak": 14, "active_weeks": 29, "active_breadth": "55.8%", "peer": {"scope": "HK Industrials", "count": 492, "rank": 54, "percentile": 89.20570264765783, "avg_weekly_return": -1.0665309385735209}}, "setup": {"scores": [{"label": "Trend", "value": 75.67307692307693, "value_label": "76", "width": 75.67307692307693, "tone": "positive", "description": "Persistence of active Trend Signal over the last 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"four_week_return_label": "19.8%", "four_week_return_tone": "positive", "twelve_week_return": 37.21386527141924, "twelve_week_return_label": "37.2%", "twelve_week_return_tone": "positive", "trend_active": true, "positive_md": true, "positive_rs": true}, {"id": 43100, "symbol": "3808", "name": "Sinotruk (Hong Kong) Limited", "exchange": "HKG", "url": "/terminal/bc5e6b20-8e47-411e-96a2-3e02cee3e463/report/", "weekly_return": 0.5290932886438998, "weekly_return_label": "0.5%", "weekly_return_tone": "positive", "four_week_return": 12.12446384454035, "four_week_return_label": "12.1%", "four_week_return_tone": "positive", "twelve_week_return": 10.173959150605143, "twelve_week_return_label": "10.2%", "twelve_week_return_tone": "positive", "trend_active": true, "positive_md": false, "positive_rs": true}]}, "industry": {"scope": "HK Specialty Business Services", "count": 25, "avg_weekly_return": -2.272962074866151, "avg_four_week_return": 0.6379356108097132, "avg_twelve_week_return": 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"/terminal/4486d39c-2fd4-4afc-9a7d-3c4d545e0b90/report/", "weekly_return": 6.666666666666673, "weekly_return_label": "6.7%", "weekly_return_tone": "positive", "four_week_return": 14.414021438327273, "four_week_return_label": "14.4%", "four_week_return_tone": "positive", "twelve_week_return": 8.693067759937785, "twelve_week_return_label": "8.7%", "twelve_week_return_tone": "positive", "trend_active": false, "positive_md": true, "positive_rs": true}, {"id": 41360, "symbol": "1650", "name": "Hygieia Group Limited", "exchange": "HKG", "url": "/terminal/720f3f0b-9214-4f5e-91bc-de27dacfcd79/report/", "weekly_return": 0.0, "weekly_return_label": "0.0%", "weekly_return_tone": "neutral", "four_week_return": 7.462959575635629, "four_week_return_label": "7.5%", "four_week_return_tone": "positive", "twelve_week_return": 18.728843530541088, "twelve_week_return_label": "18.7%", "twelve_week_return_tone": "positive", "trend_active": true, "positive_md": true, "positive_rs": true}]}}, "dynamics": {"market_dynamics": "1.46", "market_dynamics_tone": "positive", "md_4_change": "95.5%", "relative_strength": "167.28", "rs_4_change": "52.6%", "expectation": "Negative", "expectation_probability": "37.44%"}, "volume": {"latest": "1.5M", "average_13": "3.4M", "average_52": "1.2M", "ratio_13": "0.4x", "ratio_52": "1.3x"}, "risk": {"volatility_13": "29.7%", "volatility_52": "17.3%", "downside_weeks": 19, "upside_weeks": 22, "downside_breadth": "36.5%", "average_gain": "13.4%", "average_loss": "-6.5%"}, "signals": [{"label": "Trend Signal", "value": "Active", "tone": "positive"}, {"label": "Market Dynamics", "value": "No fresh buy", "tone": "neutral"}, {"label": "Price vs Trend", "value": "137.2%", "tone": "positive"}, {"label": "Volume", "value": "0.4x", "tone": "neutral"}], "opportunities": ["Trend Signal is active with a 14-week active streak.", "Price is above the Trend Line, keeping the weekly tape constructive.", "Price is above Fair Value, showing premium demand versus the model.", "Market Dynamics is positive on the latest completed week."], "risks": ["The share remains more than 20% below its 52-week high.", "Recent volatility is running well above the one-year baseline."], "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": "1.47 HKD", "weekly_return": 5.755395683453243, "weekly_return_label": "5.8%", "weekly_return_tone": "positive", "trend_line": "0.62 HKD", "fair_value": "0.39 HKD", "market_dynamics": "1.46", "relative_strength": "167.28", "volume": "1.5M", "trend_signal": "On"}, {"week": "2026-06-05", "close": "1.39 HKD", "weekly_return": 0.724637681159421, "weekly_return_label": "0.7%", "weekly_return_tone": "positive", "trend_line": "0.58 HKD", "fair_value": "0.38 HKD", "market_dynamics": "1.53", "relative_strength": "159.28", 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