Goldman Sachs analyst Jacqueline Du upgraded GCL Technology (GCPEF) to Buy from Neutral with a HK$1.30 price target Share price has retreated by 28% since early February alongside Poly price decline and is currently trading at 0.5-times 2027 Price-to-Book, which is unjustified as the market not only seems to mark to market for a lower Poly price but also starts to discount its long-term volume upside, the analyst tells investors in a research note. Cost reduction progress will be key to watch into 2026, the firm added.
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