GCPEF GCL-Poly Energy Holdings Limited
- 0.174000
- +0.002800+1.64%
GCL-Poly Energy Holdings Limited News
[Brokerage Focus] Yongxing Securities maintains a "buy" rating on GCL Tech (03800), indicating that their silicon granule exports are coming soon.
Jingu Finance | Yongxing Securities issued research reports stating that GCL Tech (03800) announced that in May 2024, the company's wholly-owned subsidiary, GCL Suzhou, and Mubadala (UAE sovereign fund) wholly-owned subsidiary MDCPOWER signed a cooperation agreement to develop the UAE's first polycrystalline silicon production facility cooperation project. According to the cooperation agreement, the company will continue to discuss the cooperation project with Mubadala and sign an investment agreement with legal effect for the cooperation project. The bank believes that the UAE is actively transitioning to clean energy.
Zhitong Hong Kong knew it early| Guangdong Province promotes high-quality development of distributed photovoltaics, and the Canadian central bank announced a 25 basis point rate cut.
The Bank of Canada announced a cut of 25 basis points, making it the "first decline" among G7 countries, with a rate of 4.75%.
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
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 (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.
Express News | GCL Technology - Joint Collaboration Agreement for Project in Middle East Mubadala
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.
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
Hong Kong Stock Concept Tracking | The State Council released a major document! New energy vehicles, photovoltaics, wind power, energy storage welcome catalysis (with concept stocks)
The Zhitong Finance App learned that recently, the State Council issued the “2024-2025 Energy Saving and Carbon Reduction Action Plan”, which welcomed benefits for various industries such as photovoltaics, energy storage, hydrogen energy, and new energy vehicles. Among them, it is proposed to actively develop pumped energy storage and new types of energy storage; speed up the construction of large-scale wind power photovoltaic bases focusing on deserts, Gobi, and deserts; develop biomass energy according to local conditions and promote hydrogen energy development in an integrated manner; and gradually lift restrictions on the purchase of new energy vehicles in various regions and promote the electrification of vehicles in the public sector. Major brokerage firms have also recently published their latest interpretations of the areas mentioned in the plan. Specifically, in terms of new energy vehicles, the plan is proposed
Changes in Hong Kong stocks | GCL Technology (03800) rose more than 9% in the intraday period, institutions say the company is expected to take the lead in breaking out of the bottom of the industry with the cost advantage of granular silicon
The Zhitong Finance App learned that GCL Technology (03800) rose more than 9% in the intraday period. As of press release, it had risen 7.69% to HK$1.54, with a turnover of HK$423 million.
Changes in Hong Kong stocks | Xinte Energy (01799) rose more than 7%, leading the rise in PV stocks, the policy side, supply and demand are strong in both directions, and there are obvious signs that the bottom of the PV sector is at the bottom
PV stocks rose sharply in early trading. As of press release, Xinte Energy (01799) rose 6.65% to HK$9.78; Follett Glass (06865) rose 5.25% to HK$16.44; GCL Technology (03800) rose 5.59% to HK$1.51; and Xinyi Solar (00968) rose 2.3% to HK$5.34.
Singapore Widens Its Pool of Carbon Credits to Offset Emissions
Companies in Singapore can tap a larger pool of carbon credits to offset up to 5% of their taxable emissions after the city-state signed a bilateral agreement with Ghana.
Changes in Hong Kong stocks | PV stocks rallied in the morning, new PV installations increased sharply in April, and industry fundamentals are expected to rise marginally
PV stocks rose in the morning. As of press release, GCL New Energy (00451) rose 5.49% to HK$0.48; GCL Technology (03800) rose 4.26% to HK$1.47; and Xinte Energy (01799) rose 3.99% to HK$9.39.
Hong Kong Stock Concept Tracking | Saudi Arabia Visits Leading Domestic PV Companies! The industry is about to reach an inflection point, focus on these two directions (with concept stocks)
After the market on May 23, Saudi Neom-Oxagon CEO Vishal Wanchoo and his entourage visited the Shanghai headquarters of Jinko Energy (688223.SH).
Hong Kong Stock Concept Tracking | Encouraging mergers and restructuring in the PV industry, PV sector valuation repair can be expected (with concept stocks)
On May 21, according to the CPIA official account of the China Photovoltaic Industry Association, the China Photovoltaic Industry Association recently organized a “Symposium on High Quality Development of the PV Industry” in Beijing. The conference pointed out that the crackdown on vicious competition in below-cost sales should be strengthened; industry mergers and restructuring should be encouraged, and market exit mechanisms should be unblocked. Since this year, product prices in all parts of the photovoltaic industry chain have declined across the board. According to data released by the Silicon Industry Branch of the China Nonferrous Metals Industry Association on May 15, the current price of polysilicon has surpassed the cash costs of all production companies. In the first quarter of this year, the performance of a number of leading photovoltaic listed companies was under pressure. Two or three Sunlight
Changes in Hong Kong stocks | GCL Technology (03800) rises more than 6%, leading the way in photovoltaic stocks, the PV Industry Association proposes to strengthen the crackdown on vicious competition and encourage industry mergers and restructuring
PV stocks generally rose in early trading. As of press release, GCL Technology (03800) rose 5.26% to HK$1.4; Xinyi Glass (00868) rose 2.94% to HK$10.14; GCL New Energy (00451) rose 2.35% to HK$0.435; and Xinyi Solar (00968) rose 2.33% to HK$5.26.
GCL Technology (03800.HK) cancelled 18.112 million shares to repurchase shares on May 20
Gelonghui May 20 丨 GCL Technology (03800.HK) issued an announcement to cancel 18.112 million repurchased shares on May 20, 2024.
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