GO
| HSI1 | 24,507.81 | -265.52 | 254.67B |
| HSCEI1 | 8,804.42 | -78.53 | 88.03B |
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2025-07-31 10:07:35 UBS research report covered GCL TECH (03800.HK), which can benefit from supply reductions under anti-involution initiatives, as the company has lower production costs and is more energy efficient than peers. Amidst a bleak market, the company's granular silicon market share climbed from 12% at the beginning of 2024 to 25.8% in 1Q25, with over 40% of its clients being T1/ 2 enterprises. During the course of industry consolidation, the broker expected the company to demonstrate evident excess return capability, alongside continuously improving product quality and purity. The company has a lower PB than its A-share counterparts, but a higher ROIC than its peers; thus, the broker initiated a Buy rating on the company with a target price of HK$1.9. ~ AASTOCKS Financial News Website: www.aastocks.com | |