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Hong Kong Stocks Movement | LYGEND RESOURCE (02245) rose over 22% during the session, with a year-on-year increase of nearly 70% in annual net profit. The implementation of Indonesia's policies may raise nickel prices.
LYGEND RESOURCE (02245) rose over 22% during the trading session, as of the time of writing, it increased by 12.38%, priced at 10.44 HKD, with a trading volume of 10.1343 million HKD.
LYGEND RESOURCE (2245.HK): A sample of counter-cyclical growth amidst a bottom oscillation in nickel prices.
In 2024, the global nickel market continued its "roller coaster" trend. The main nickel futures prices on the Shanghai Futures Exchange rose from 0.123 million yuan/ton at the beginning of the year to 0.16 million yuan/ton in May, and then gradually fell back to the beginning of the year's level due to intensified oversupply and temporary weak demand, presenting a pattern of "sharp rise and fall, bottom oscillation" throughout the year. (Shanghai nickel main contract; source: Baidu Stock Market) Despite the volatility in nickel prices, when viewed over a longer time frame, the space for further decline in nickel prices has become very limited due to Indonesia's tightening policies, the increase in demand for New energy Fund, and the accelerated clearing on the supply side. In this context, nickel companies that can achieve counter-cyclical growth are particularly worthy of attention.
Lygend Resources & Technology Co., Ltd. (HKG:2245) Surges 49% Yet Its Low P/E Is No Reason For Excitement
LYGEND RESOURCE (02245.HK) subsidiary signed an equipment purchase agreement with Ningbo Lihua.
On March 28, Gelonghui reported that LYGEND RESOURCE (02245.HK) announced that on March 28, 2025, the company's non-wholly owned subsidiary KPS has entered into an equipment purchase agreement with Ningbo Lihua, under which KPS has agreed to purchase and Ningbo Lihua has agreed to sell equipment for a consideration of $10,749,918. The equipment refers to the equipment KPS procured from Ningbo Lihua under the equipment purchase agreement, including five 40t-43m gantry cranes. Considering that (i) the price of the equipment provided by Ningbo Lihua in this transaction is more favorable than the price from independent third-party sellers; and (ii) Ningbo Lihua.
Express News | Lygend Resources & Technology FY Gross Profit RMB 5,352.5 Million
Express News | Lygend Resources & Technology FY Pretax Profit RMB 3,817 Million
Could The Market Be Wrong About Lygend Resources & Technology Co., Ltd. (HKG:2245) Given Its Attractive Financial Prospects?
