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Hong Kong Stock Ratings Summary: CICC maintains Huahong Semiconductor at Outperform rating.
Cailian Press will regularly compile ratings and target prices from various institutions for Hong Kong stocks.
Bocom International: Maintains a "Buy" rating on GCL Technology (03800), with the target price unchanged at HK$1.19.
The bank believes that the iron‑red process for lithium iron phosphate could, by virtue of its differentiated technology, replicate the success story of granular silicon.
Morgan Stanley estimates a 55GW power shortage for data centers, making the upgrade of data center power equipment an inevitable trend.
①Morgan Stanley forecasts a 55GW power shortage for data centers. ②Huayuan Securities anticipates that overseas ±400V/800V HVDC is likely to enter its initial year of significant growth, with SST continuing to advance.
Hong Kong Stock Announcements Highlights | CALB's Q1 Profit Surges Over 60% Year-on-Year; China Resources Power Plans to Spin Off Assets via REIT
① CALB's first-quarter profit increased by more than 60% year-on-year. What is the scale? ② China Resources Power plans to spin off assets to issue a REIT. What are the details?
GCL Technology (03800) plans to issue convertible bonds with a total principal amount of 1.48 billion US dollars.
GCL Technology (03800) announced that, on April 29, 2026 (after trading hours), the issuer, the company (as guarantor of the issuer), and the manager entered into an agreement. Under this agreement, the manager has conditionally agreed to subscribe or procure subscriptions (directly or through its affiliates or sub-agents) for convertible bonds with a total principal amount of US$148 million to be issued by the issuer, subject to the terms and conditions set forth in the agreement. The issue price of the convertible bonds shall be 100% of the principal amount of the convertible bonds, with a denomination of US$200,000 per bond, and must be in integral multiples of US$100,000.
GCL TECH: ANNUAL REPORT 2025