<ET Net News Agency, 15 February 2011> Nomura upgraded GCL Poly Energy (03800) to "buy"
from "neutral", and raised its target price to HK$4.1 from HK$2.45.
It sees GCL as the potential Intel of the solar industry. GCL is leveraging its cost
advantage into becoming a dominant supplier across the major cell/module makers, enabling
continued market-share gains with strong EPS growth momentum.
Nomura said the recent sell-off has brought valuations to a very attractive level.
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