GF Machinery issued a note on October 9, 2026, attributing a sharp decline in Songfa and other shipbuilding stocks to market sentiment and capital flows, not fundamental changes. The broker reiterated its bullish recommendation on Songfa, citing potential for Phase IV expansion to exceed expectations and the long-term shipbuilding cycle.
GF Machinery maintains a bullish stance on Songfa, viewing recent weakness as an attractive entry point.
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