{"ticker": {"uuid": "d3a5bb52-d115-4e31-9854-2c9244a842ce", "symbol": "3688", "name": "Top Spring International Holdings Limited", "exchange": "HKG", "asset_type": "equity"}, "latest_week": "2026-06-12", "summary": "3688 closed the latest completed week at 0.28 HKD. The 4-week return is -5.2% and the 12-week return is -9.8%. Trend Signal is inactive, Market Dynamics is -0.48.", "description": "Top Spring International Holdings Limited, an investment holding company, operates as a real estate property developer in the People's Republic of China and Hong Kong. The company operates through four segments: Property Development, Property Investment, Property Management and Related Services, and Education Related Services. It develops and operates urban mixed-use communities; and develops and sells residential and commercial properties. The company also leases shopping arcades, club houses, serviced apartments, and car park units. In addition, it provides property management and related services to purchasers and tenants; decoration services; and education related services and products to students. The company was formerly known as Top Spring Holdings Limited and changed its name to Top Spring International Holdings Limited in September 2009. Top Spring International Holdings Limited was founded in 1993 and is headquartered in Wan Chai, Hong Kong.", "setup_signature": "Risk-first tape", "composite_score": "15", "kpis": [{"label": "Latest Close", "value": "0.28 HKD", "hint": "2026-06-12"}, {"label": "1W Return", "value": "0.0%", "tone": "neutral", "hint": "latest completed week"}, {"label": "4W Return", "value": "-5.2%", "tone": "negative", "hint": "short-term follow-through"}, {"label": "12W Return", "value": "-9.8%", "tone": "negative", "hint": "quarterly tape"}, {"label": "Trend Breadth", "value": "30.8%", "hint": "16 of 52 weeks active"}, {"label": "Volume Ratio", "value": "0.0x", "hint": "vs 13-week average"}], "classification": {"exchange": "HKG", "country": "HK", "sector": "Real Estate", "industry": "Real Estate - Development", "currency": "HKD", "market_cap": "402.6M"}, "price": {"trend_line": "0.34 HKD", "fair_value": "0.43 HKD", "vs_trend": "-18.6%", "vs_fair_value": "-36.7%", "high_52": "0.98 HKD", "low_52": "0.26 HKD", "drawdown": "-71.9%", "range_position": "2.1%"}, "momentum": {"returns": [{"label": "1W", "value": 0.0, "value_label": "0.0%", "tone": "neutral", "width": 4}, {"label": "4W", "value": -5.172413793103434, "value_label": "-5.2%", "tone": "negative", "width": 14.778325123152669}, {"label": "12W", "value": -9.836065573770481, "value_label": "-9.8%", "tone": "negative", "width": 28.10304449648709}, {"label": "26W", "value": -33.73493975903614, "value_label": "-33.7%", "tone": "negative", "width": 96.38554216867468}, {"label": "52W", "value": -17.91044776119403, "value_label": "-17.9%", "tone": "negative", "width": 51.17270788912579}], "trend_streak": 0, "active_weeks": 16, "active_breadth": "30.8%", "peer": {"scope": "HK Real Estate", "count": 249, "rank": 99, "percentile": 60.483870967741936, "avg_weekly_return": -1.394328138914688}}, "setup": {"scores": [{"label": "Trend", "value": 16.923076923076923, "value_label": "17", "width": 16.923076923076923, "tone": "negative", "description": "Persistence of active Trend Signal over the last year and current streak."}, {"label": "Momentum", "value": 29.250989259468675, "value_label": "29", "width": 29.250989259468675, "tone": "negative", "description": "Blend of 4-week and 12-week follow-through."}, {"label": "Dynamics", "value": 44.409663292282566, "value_label": "44", "width": 44.409663292282566, "tone": "neutral", "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": 0.7808366106542725, "value_label": "1", "width": 4, "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": 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Holdings Limited", "exchange": "HKG", "url": "/terminal/c39e502c-1c56-4962-ab61-cc69a01f272b/report/", "weekly_return": -9.333333333333327, "weekly_return_label": "-9.3%", "weekly_return_tone": "negative", "four_week_return": 52.80898876404495, "four_week_return_label": "52.8%", "four_week_return_tone": "positive", "twelve_week_return": 51.11111111111112, "twelve_week_return_label": "51.1%", "twelve_week_return_tone": "positive", "trend_active": false, "positive_md": true, "positive_rs": true}, {"id": 39801, "symbol": "0456", "name": "New City Development Group Limited", "exchange": "HKG", "url": "/terminal/6647861b-20b9-4ea5-a9be-214782cd405b/report/", "weekly_return": 0.0, "weekly_return_label": "0.0%", "weekly_return_tone": "neutral", "four_week_return": 30.000000000000004, "four_week_return_label": "30.0%", "four_week_return_tone": "positive", "twelve_week_return": 62.5, "twelve_week_return_label": "62.5%", "twelve_week_return_tone": "positive", "trend_active": true, "positive_md": true, "positive_rs": true}]}}, "dynamics": {"market_dynamics": "-0.48", "market_dynamics_tone": "negative", "md_4_change": "38.3%", "relative_strength": "-21.09", "rs_4_change": "4.5%", "expectation": "Negative", "expectation_probability": "28.41%"}, "volume": {"latest": "2.0K", "average_13": "107.6K", "average_52": "196.4K", "ratio_13": "0.0x", "ratio_52": "0.0x"}, "risk": {"volatility_13": "4.0%", "volatility_52": "11.0%", "downside_weeks": 25, "upside_weeks": 16, "downside_breadth": "48.1%", "average_gain": "11.2%", "average_loss": "-6.8%"}, "signals": [{"label": "Trend Signal", "value": "Inactive", "tone": "negative"}, {"label": "Market Dynamics", "value": "No fresh buy", "tone": "neutral"}, {"label": "Price vs Trend", "value": "-18.6%", "tone": "negative"}, {"label": "Volume", "value": "0.0x", "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": "0.28 HKD", "weekly_return": 0.0, "weekly_return_label": "0.0%", "weekly_return_tone": "neutral", "trend_line": "0.34 HKD", "fair_value": "0.43 HKD", "market_dynamics": "-0.48", "relative_strength": "-21.09", "volume": "2.0K", "trend_signal": "Off"}, {"week": "2026-06-05", "close": "0.28 HKD", "weekly_return": -3.508771929824545, "weekly_return_label": "-3.5%", "weekly_return_tone": "negative", 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