Express News | BOCOM Intl downgraded GCL Tech's rating to neutral.
Hong Kong Market Speed Watch | The three major indices all fell, with the technology index falling nearly 2%; network technology and photovoltaic power stocks declined, Bilibili fell more than 4%, and Xinyi Solar fell nearly 6%.
Wind power stocks are rising, Datang Renew is up over 7%, China Longyuan is up over 5%; Apple suppliers are mostly down, Cowell is down nearly 9%, BYD Electronic is down over 5%.
GCL Tech (3800.HK): Profit advantage at the bottom of the cycle with narrowed discount on polycrystalline silicon, but limited attractiveness in valuation after the large increase.
Expected loss in the second quarter, with expected cost decrease in the third quarter: due to the large drop in polysilicon and silicon wafer prices, we expect the company to face significant short-term profit pressure, with a loss of about 200 million yuan expected in the second quarter. The company's net income attributable to the mother in the first quarter was only 33 million yuan.
Photovoltaic leading companies are deeply affected by the production suspension crisis. Under the pressure of tariff increases, what is the future of their overseas business? | In-depth analysis.
Southeast Asian photovoltaic manufacturers are deeply involved in the production suspension storm.
HK stock moves | GCL Tech (03800) rose more than 4%, signed a cooperation agreement with Mubadala Sovereign Fund to build a silicon granule project in the UAE.
GCL Tech (03800) rose more than 4% and as of press time, the increase was 4.17%, with a price of HKD 1.5 and a turnover of HKD 85.78 million.
GCL Tech Eyes UAE for Silicon Project
GCL Technology Unit to Develop UAE's First Poly-silicon Manufacturing Facility With UAE's Mubadala
GCL Technology' (HKG:3800) unit GCL Technology (Suzhou) entered into a joint cooperation agreement with Mubadala's unit MDC POWER HOLDING to explore possible collaboration areas for the parties to dev
New progress in the Middle East plant construction plan! GCL Tech plans to collaborate with UAE sovereign fund to build a granular silicon project.
GCL Tech announced on Monday night that it has partnered with Abu Dhabi sovereign fund Mubadala to explore cooperation in developing the first polycrystalline silicon project in the UAE through their respective subsidiaries.
Selected Announcements | Great Wall's May sales volume dropped by more than 9%; Yankuang Energy plans to allocate 285 million shares.
How fast is the revenue growth of ctihk expected to be in the midterm with an increase in profit of over 30%? How large is the sales scale of midea real est with a year-on-year sales decline of about 50% in the first five months?
HKEX Announcement Nuggets | Tianqi Lithium Corporation (09696) signs a Partnership Agreement with its significant investee companies SQM and Chilean National Copper Corporation (Codelco).
Intercontinental Shipping (02409) exercised its purchase option to buy a ship for approximately USD 27.543 million; China Vanke (02202) recorded contract sales amounting to RMB 102.21 billion in the first five months, a decrease of 39.08% year-on-year.
GCL Tech signed a contract with sovereign fund Mubadala, and the first overseas polysilicon project may land.
GCL Tech announced that it will explore potential collaboration opportunities with Mubadala sovereign fund and establish a comprehensive silicon ecosystem with global and regional significance in the UAE.
Express News | GCL Tech has reached an agreement with Mubadala on the potential UAE polysilicon plant.
GCL Tech (03800): Xie Xin Suzhou has signed a cooperation agreement with MDCPOWER to develop the first polycrystalline silicon production facility in the United Arab Emirates.
GCL Tech (03800) announced that the group plans to build the world's largest multi-... outside of China, in the Middle East.
GCL Tech (03800.HK) is planning to build a comprehensive silicon ecosystem of global and regional significance in the United Arab Emirates in cooperation with Mubadala.
GCL Tech (03800.HK) announced that the group will explore potential cooperation opportunities with Mubadala Investment Company PJSC to establish a comprehensive silicon ecosystem of global and regional importance in the United Arab Emirates.
GCL Technology (3800.HK): Stable leading position in silicon materials, leading the future with new technology
An established leader in photovoltaics, a leader in new technology. GCL Technology was founded in 2006 and listed in Hong Kong in 2007. The company is the world's leading developer and manufacturer of high-efficiency photovoltaic materials, and has always maintained its position as a technology driver in the polysilicon industry.
Read it in one picture | The list of Hong Kong stocks for May Bulls and Bears has been released! Longyuan Electric Power and GCL Energy increased by about 30% during the month
BYD Electronics increased by more than 30% this month and was included in the Hang Seng Index. The agency said it benefited from the sale of the new iPad; Jinhui Holdings surged nearly 83% in one day, with a cumulative increase of more than 40% during the month, and has settled all credit bonds issued on the open market.
Huatai Securities: Optimistic about carbon reduction and transformation or speeding up the concentration of building materials
The bank believes that the release of this action plan is expected to strengthen the regulation of production capacity in the building materials industry, promote the implementation of energy-saving transformation in the building materials and construction industry, and accelerate the integration of photovoltaics in buildings and the construction of large scenic bases. It is recommended to focus on companies related to cement, engineering transformation, and power engineering.
AI “eats electricity” violently, and the energy transition is imminent! Photovoltaic solar racetracks are rising
As the energy boom spawned by AI continues to ferment, photovoltaic solar racetracks are also gradually “emerging.” In just over a month, the US PV stock No. 1 Solar has increased by more than 50%, and GCL Technology, a leading Hong Kong stock company, has also surged in volume.
Hong Kong stock changes丨The energy saving and carbon reduction action plan was released. Carbon neutrality concept stocks bucked the trend, and GCL Technology and Longyuan Electric Power rose more than 4%
The “2024-2025 Action Plan for Energy Conservation and Carbon Reduction” was released. Carbon neutrality concept stocks in the Hong Kong stock market bucked the trend. Among them, Longyuan Electric Power and GCL Technology rose more than 4%, Follett Glass, Xiehe New Energy, and Fuyao Glass rose more than 3%, and Goldwind Technology rose more than 2%.
Direct impact of changes | GCL Technology rose more than 7% to lead PV stocks, and the PV stock industry's backward production capacity is expected to clear up at an accelerated pace
On May 30, $PV Solar Energy (BK1233.HK) was stronger in early trading. As of press release, $GCL (03800.HK) $ rose 7.38% to HK$1.60; $Xinyi Solar (00968.HK) $ rose 4.73% to HK$5.54; $Follett Glass (06865.HK) $ rose 4.56% to HK$16.96; $Xinte Energy (01799.HK) $ rose 4.06% to HK$10.0. Market source: Futubull CITIC Securities said that excessive pressure on PV supply has led to high prices and profits in the industrial chain
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