LYGEND RESOURCE

Lygend Resources opened about 2.4% higher in the morning session before rallying to an intraday high of HKD 15.44 (up 7.3%), but pared gains on profit-taking in the afternoon, closing at HKD 15.22, a net rise of 5.77%. The catalyst came from a string of recent capital-market and operational milestones: the company filed a prospectus for a Shenzhen A-share IPO review and issued a 2026 profit forecast (id:290893415, id:291300842); its Q4 2025 net profit grew 26.1% YoY to HKD 796 million and revenue increased 25.8%. Meanwhile, the full-line commissioning of the KPS project and full nickel capacity of 400,000 tons at Obi Island (id:288921527) reinforced its expansion narrative. Despite these positives, the stock still trades 50.6% below its 52-week high of HKD 30.82 and has fallen 38.7% YTD, though it has recovered above both the MA20 (HKD 13.68) and MA60 (HKD 13.56), suggesting lingering overhead supply.