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<Research>CLSA Favors Polysilicon & Solar Glass Leaders, Prefers GCL TECH/ FLAT GLASS/ XINYI SOLAR
GCL TECH (03800.HK) opened 0.9% higher today, and peaked at $1.24. The stock last printed at $1.21, rallying 9.01%, with a trading volume of 1.445 billion shares, involving $1.711 ...
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<Research>CLSA Favors Polysilicon & Solar Glass Leaders, Prefers GCL TECH/ FLAT GLASS/ XINYI SOLAR
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88
Positive
144
Negative
56
 
 

GCL TECH (03800.HK)  -0.020 (-1.613%)    Short selling $13.17M; Ratio 3.878%   opened 0.9% higher today, and peaked at $1.24. The stock last printed at $1.21, rallying 9.01%, with a trading volume of 1.445 billion shares, involving $1.711 billion.

FLAT GLASS (06865.HK)  -0.080 (-0.797%)    Short selling $4.40M; Ratio 14.675%   opened 1.34% higher today, and peaked at $10.68. It hyped up 8.58% to last at $10.5, with 25.361 million shares traded, involving $261 million.

Related NewsDaiwa Reiterates Ratings at Underperform on FLAT GLASS/ XINYI SOLAR
CLSA believed that the recent momentum in solar stock prices is driven by: 1) some positive signals from government policies on the supply side; 2) market discussions about potential consolidation in the polysilicon industry and guidance on minimum average selling prices; 3) supply cuts in solar glass; 4) a rebound in average selling prices of polysilicon.

CLSA also believed that, due to higher integration and a steeper cost curve, the upstream solar glass and polysilicon sub-sectors are more likely to benefit from tailwinds. The broker continued to favor leading companies in polysilicon (GCL TECH) and solar glass leaders (FLAT GLASS and XINYI SOLAR (00968.HK)  -0.020 (-0.683%)    Short selling $42.77M; Ratio 25.470%   ).
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-07-16 12:25.)

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