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<Research>HSBC Research Cuts GCL TECH (03800.HK) TP to $1.6, Keeps Buy Rating
Recommend 19 Positive 23 Negative 7 |
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GCL TECH (03800.HK) demonstrates not only cost advantages during the industry's downcycle, but also clearer competitive advantages, HSBC Global Research issued a research report saying. The recent decline in polysilicon prices, with peers selling below cost, may keep prices low until the government strengthens price controls, which should accelerate supply consolidation. HSBC Global Research lowered its 2026/ 2027 earnings forecasts for GCL TECH by 51%/ 27% each to reflect lower price assumptions, and cut its target price based on the SOTP valuation method from $1.8 to $1.6, with rating kept at Buy. This article was automatically translated by AI, the Chinese 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. Auto-translated by AI AASTOCKS Financial News |
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