Guangyang Technology's November revenue hits a new high of 3.816 billion yuan, but the stock price rebounds are under pressure! The bullish and bearish reversal awaits observation.

Koyo Technology (1785) has recently experienced volatile stock performance. After the previous day’s intraday surge to NT$59.1 and a closing gain of 3.68%, today’s opening pushed the price further up to NT$61.4, hitting a recent high. However, the upward momentum soon weakened, and the stock failed to stabilize at the high level, ultimately closing at NT$60.0, reflecting a clear market divergence in buying sentiment.

Revenue Rises by NT$38.16 Billion to Record High, Triggering an Upward Trend

The core driver behind the stock’s rally is the company’s recently announced impressive revenue data. Koyo Technology’s November revenue soared past NT$38.16 billion, setting a new record, with a month-over-month increase of 14.07% and a year-over-year growth rate of 26.39%. Cumulative revenue for the first 11 months reached NT$353.64 billion, a 31.85% annual growth, indicating sustained solid growth momentum.

The significant revenue increase is mainly attributed to rising prices of precious metals such as gold and silver internationally. About 80% of Koyo Technology’s revenue comes from refining and supplying precious metals like gold, platinum, and silver. As global risk aversion intensifies, demand for precious metals increases. Meanwhile, fluctuations in base metals like copper, which have recovered today, also boost activity across related supply chains, directly driving the company’s revenue growth.

Additionally, the company’s value-added services (VAS) provided after precious metal recycling and refining now account for about 20% of revenue. This high-margin business demonstrates opportunities within the circular economy sector and has become another key growth engine.

The continued development of semiconductor and AI application themes also provides additional support for the stock price. As a major global supplier of thin-film target materials, Koyo Technology plays a critical role in industry upgrades, and related industry stories continue to attract specific market buying interest.

Opening High and Closing Low Reveals Hidden Clues: Divergence After Revenue Boost

Although the revenue record brought short-term positive stimuli, with the stock rebounding for two consecutive days, today’s opening high and closing low reveal underlying conflicting signals in the market. After opening strongly at NT$61.4, the stock was quickly met with substantial selling pressure, falling below the opening price by the close, indicating a clear supply zone at higher levels.

Reviewing the trend before the revenue announcement, the stock was in a weak consolidation pattern below the monthly and quarterly moving averages. The positioning of market participants also shows cautious signals, with foreign investors and major institutional funds continuously net selling recently. Large investors’ overall deployment leans bearish, and market confidence has yet to be fully restored.

While the positive revenue news initially prompted a reaction, the stock may enter a consolidation phase, awaiting clearer fundamental signals and further stabilization of the shareholding structure. Investors should monitor whether the stock can effectively hold support near the monthly moving average and observe its ability to break through recent resistance levels.

Key to Continued Rebound: Institutional Attitude Shift and Volume Confirmation

The continuation of the stock’s upward momentum depends critically on whether institutional funds shift from selling to buying and whether trading volume can effectively increase. If trading volume expands alongside the rebound, it will further confirm the strength of buying power.

Investors should keep an eye on the following key indicators:

Shareholding Dynamics: Changes in buying and selling attitudes of foreign investors and major institutions will directly influence whether the stock can sustain a rebound.

Volume Confirmation: Whether trading volume steadily increases during the rebound is an important measure of genuine buying strength.

Precious Metals Market Trends: The future movement of international gold, silver, and copper prices will continue to directly reflect the revenue momentum of the company’s core business.

Order Visibility: Changes in new order signing and shipment progress are crucial for assessing revenue sustainability in the coming months.

Currently, it is advisable to adopt a wait-and-see stance, awaiting clearer signals of a trend reversal before making further moves.