M N 13 May 2024 CMB International Global Markets | Equity Research | Company Update GigaCloud (GCT US) Embracing continued outperformance Target Price US$46.00 GCT delivered a solid start in 1Q24, with strong topline and guidance. 1Q24 Up/Downside 23.2$37.35 and FX fluctuation, but will gradually pick up in 2H24E (with improving warehouse utilization and annual freight contracts), in our view. We are China Entertainment ...