GO
| HSI1 | 25,116.53 | -177.50 | 243.63B |
| HSCEI1 | 8,456.92 | -47.89 | 82.60B |
| Back Zoom + Zoom - Block Traded | |
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2026-04-02 11:32:30 The share price of GCL TECH (03800.HK) has ebbed back 28% since early February, while polysilicon prices shrank 22% over the same period, Goldman Sachs said in a research report. The stock is currently trading at 0.5X 2027E P/B, which in the broker’s view is unjustifiable. The market is not only valuing the company based on lower granular silicon prices, but is also beginning to underestimate its long-term production growth potential. Based on results beat in 2H25 and faster-than-expected cost reductions indicated by GCL’s management guidance, Goldman Sachs raised its TP from HKD1.2 to HKD1.3 and upgraded the stock from Neutral to Buy. ~ AASTOCKS Financial News Website: www.aastocks.com | |