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<Research>G Sachs Raises GCL TECH (03800.HK) TP to HKD1.3, Upgrades to Buy
Recommend 59 Positive 94 Negative 34 |
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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. Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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