DBS Group Research downgraded GCL TECH from Buy to Hold and reduced its target price due to several factors. Despite GCL TECH being a major global producer of granular silicon with declining production costs, uncertainties surrounding industry consolidation have arisen from policy interventions. Recent acquisitions in the sector have been deemed overpriced, leading to a decline in valuation forecasts. Additionally, while the company's technological advancements and reduced cash production costs are positive, the regulatory environment and the need for government policies to facilitate market consolidation have created further uncertainties.

JPMorgan

Overweight

maintain

$38

2026-01-09

Reason

JPMorgan

Price Target

$38

2026-01-09

maintain

Overweight

Reason

The analyst rating from JPMorgan is based on the view that the proposal by the China Photovoltaic Industry Association (CPIA) is a setback to the industry's 'anti-involution' initiative but is seen as an adjustment rather than a reversal of the overall development in the sector. Despite the potential for negative share price reactions, JPMorgan believes that DAQO New Energy and GCL TECH are likely to emerge as winners in this situation due to their strong financial positions and low production costs. Consequently, the broker maintained an Overweight rating for these two stocks, with target prices set at US$38 for DAQO New Energy and $1.7 for GCL TECH.

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Valuation Metrics

The current forward P/E ratio for (03800.HK) is -123.70, compared to its 5-year average forward P/E of -12.47. For a more detailed relative valuation and DCF analysis to assess 's fair value, Click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

N/A

5Y Average PE

-12.47

Current PE

-123.70

Overvalued PE

51.99

Undervalued PE

-76.93

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

5Y Average EV/EBITDA

9.92

Current EV/EBITDA

11.09

Overvalued EV/EBITDA

18.35

Undervalued EV/EBITDA

1.48

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

5Y Average PS

1.83

Current PS

1.96

Overvalued PS

2.42

Undervalued PS

1.24

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Frequently Asked Questions

What is (03800) stock price today?

The current price of 03800 is 1.11 USD — it has decreased -4.31

What is (03800)'s business?

What is the price predicton of 03800 Stock?

Wall Street analysts forecast 03800 stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for 03800 is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

What is (03800)'s revenue for the last quarter?

revenue for the last quarter amounts to NaN USD, decreased

What is (03800)'s earnings per share (EPS) for the last quarter?

. EPS for the last quarter amounts to USD, decreased

How many employees does (03800). have?

(03800) has 0 emplpoyees as of March 03 2026.

What is (03800) market cap?

Today 03800 has the market capitalization of 0.00 USD.

03800 Overview