Point | The Point for CEEMEA Tuesday, 21 July 2026 Top Call | MENA | South Africa | Emerging Europe | Sector | Strategy & Economics | Commodities | Fixed Income & FX | Key Rating and Target Price Changes TopCall GPW (GPW.WA) - We see limited earnings growth and little scope for re-rating; Downgrade to Sell/High Risk GPW's share price is up +63% YTD, outperforming WIG index by +34%. We are struggling to see the drivers for such a strong share price performance. We see limited earnings growth potential from t ...