Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>BOCOMI Keeps GCL TECH Rating as Buy; Sharp Polysilicon Price Rise Drives Profit Turnaround
Recommend 22 Positive 36 Negative 8 |
||||
|
||||
|
GCL TECH (03800.HK)'s photovoltaic materials business segment managed to achieve a turnaround in 3Q25 with a profit of RMB960 (including a post-tax profit of RMB640 million from the sale of its associate company), according to a research report from BOCOMI. Driven by the "anti-involution" policy that prohibits sales below cost, polysilicon prices have risen drastically since late July, with granular silicon's ton price (including tax) increasing from a low of RMB34,000 to the current RMB50,000. BOCOMI mildly cut GCL TECH's target price from HKD1.59 to HKD1.54, while keeping the Buy rating unchangd. AAStocks Financial News |
||||
Copied to Clipboard
 |
||||
