GCL-Poly Energy 3800

Re: GCL-Poly Energy 3800

Postby winston » Thu Dec 20, 2012 5:56 am

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GCL-Poly Energy (3800), a supplier for solar energy firms, fell from HK$5.50 last year to HK$1.10 in July. Citigroup gave it a target price of HK$1 last month.

Yesterday, it soared 8 percent to close at HK$1.61 on the news that Beijing will increase subsidies for the solar industry. Just this month, it has gained 27 percent.

Hot money can use any small excuse to push oversold share and the short-term returns can be very attractive.

Will you ride this wave or stand on the sidelines? It's not an easy decision!

Source: Dr Check, The Standard HK
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Re: GCL-Poly Energy 3800

Postby winston » Sun Jan 13, 2013 8:34 pm

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GCL-POLY ENERGY (03800.HK) expects for huge loss last year

GCL-POLY ENERGY (03800.HK) issued profit warning stating that the Group is expected to record a substantial loss attributable to owners of the Company, for the year ended 31 December 2012 as compared to a profit for the year 2011.

Such adverse changes are primarily attributable to the following reasons due to the adverse factors such as the anti-dumping and countervailing duties imposed by the U.S. and the impact of the European debt crisis on solar farms financing, the development of photovoltaic business has been slowed down with clear overcapacity across the solar value chain.

Moreover, overseas enterprises began dumping viciously low-priced polysilicon to China, all these factors contributed to the substantial drop in the selling prices of photovoltaic products and the decline is particularly significant during the fourth quarter of 2012;

And impairment and provisions are expected to be made against intangible assets, inventory, accounts receivables and production facilities of the Group.

Subsequent to the vicious competition in the selling prices of photovoltaic products and the exit of those less-efficient enterprises from the market in 2012, the prices of photovoltaic products has become stable during December and there are signs to mark the bottom.

The Company will continue to endeavor its efforts to reduce its production costs, enhance its competition and improve profitability.

Source: AAStocks Financial News
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Re: GCL-Poly Energy 3800

Postby SamuelMcgee » Tue Dec 24, 2013 3:17 pm

winston wrote:Solar business not looking so bright for GCL by Grace Cao

China's largest polysilicon supplier, GCL Poly Energy Holdings (3800), yesterday warned it would post its first interim loss in two years, due to a business slowdown brought on by the euro zone debt crisis.

The firm expects to be HK$330 million in the red during the January-to-June period.

This compares with a net profit of HK$3.55 billion earned in the same period last year, when it expanded capacity by 70 percent , to cater to strong demand at that time.

From January, the global market for polysilicon has been oversupplied, and GCL average sales prices tumbled 58 percent in the first quarter.

Spot price of the key material in solar panels has fallen 22 percent so far this year, Bloomberg data show.


Source: The Standard HK


The company said production costs will fall in the near future.


With increased taxes there is huge set back to solar industry.. Prices have come down in recent time but wrong govt. policies are causing huge problem.
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Re: GCL-Poly Energy 3800

Postby winston » Sun Jan 12, 2014 8:42 pm

CIC said to sell stakes in GCL-POLY ENERGY (03800.HK)
2014-01-09

According to market sources, Chengdong Investment Corporation, which is wholly owned by China Investment Corporation, is disposing 1.2 billion shares in GCL-POLY ENERGY (03800.HK) -0.210 (7.447%)

Short selling $86.41M; Ratio 2.104% at $2.6-$2.65 per share, marking a 6%-7.8% discount to its last closing price ($2.82).


Source: AAStocks Financial News
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Re: GCL-Poly Energy 3800

Postby winston » Mon Jul 28, 2014 9:25 am

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<Research Report>GCL-POLY ENERGY (03800.HK) initiated Overweight, target at $3.5 - JPM
Jul 4, 2014

JP Morgan initiated an Overweight rating on GCL-POLY ENERGY (03800.HK), with target price set at $3.5.

The broker believes the market is still seeking the next catalyst for the solar industry.

As a leading polysilicon producer in the world, GCL-POLY ENERGY has affluent experience in running utilities projects, which ensures it to achieve success in the industry.

Source: AAStocks Financial News
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Re: GCL-Poly Energy 3800

Postby winston » Fri Aug 29, 2014 9:22 am

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<Result Ann>GCL-POLY ENERGY (03800.HK) 1H profit $900M

GCL-POLY ENERGY (03800.HK) announced that for the interim period as of the end of June, the profit equaled $900 million, against a loss of $917 million in the year-ago period.

The EPS equaled 5.81 cents.

No interim dividend was declared.

During the period, the turnover rose 52.41% yearly to $17.222 billion; gross profit rose 393.68% yearly to $3.678 billion; gross profit margin rose from 6.6% to 21.4%. ~

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Re: GCL-Poly Energy 3800

Postby winston » Thu May 21, 2015 8:54 am

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GCL-POLY ENERGY (03800.HK) 1Q polysilicon sales fall 28.78%

GCL-POLY ENERGY (03800.HK) 0.000 (0.000%) Short selling $17.43M; Ratio 5.959% announced that the group’s polysilicon production volume for the first quarter of 2015 was approximately 17,800 MT, representing an increase of approximately 11.1%.

The group sold externally 2,866 MT of polysilicon, representing a 28.78% fall from a year ago.

Wafer production volume amounted to approximately 3,478 MW, representing an increase of approximately 18.99% yearly.

The group sold 3,072 MW of wafer, representing an increase of approximately 10.11% on a yearly basis.


Source: AAStocks Financial News
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