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TCL Electronics (1070.HK) saw a 122% increase in Mini LED television shipments in the first half of the year, prompting major banks to raise their forecasts.
In the turbulent waters of the global market, Chinese companies are sailing with unprecedented speed and scale, seeking broader development opportunities and prospects overseas.
TCL Electronics Reports Q2 Results
Express News | TCL Electronics (01070.hk) Achieves 13% YoY Growth in Global TV Shipment in Q2 2024
Brokerage focuses on zhongtai's recommendation to buy tcl electronics (01070) and is optimistic about its first-half performance forecast, with significant growth in net profit driven by innovation.
Zhongtai Securities released a research report indicating that TCL Electronics (01070) has announced a positive profit forecast: it achieved an adjusted profit of 0.6-0.68 billion Hong Kong dollars in H1 24, a year-on-year increase of + 130-160%. The increase in profits is due to the company's vigorous promotion of high-end television business, the expansion of innovative business scale, and the reduction of expense ratio. The good performance reflects the company's progress towards the annual stock-based incentive goals. The bank predicts that the company's main business sales in H1 24 will increase by + 20%+ compared to the same period last year, sales volume will increase by a high single-digit percentage, and average price will increase by double-digit percentage. ② In terms of sales inside and outside of China, the bank predicts that sales outside of China will be higher than domestic sales.
HK stock anomaly | TCL Electronics (01070) rebounds more than 3%. It is expected that the first half-year performance will significantly increase, and innovative business will enter the stage of volume expansion.
Shares of tcl electronics (01070) rebounded more than 3% and, as of press time, rose by 3.27%, to 5.36 Hong Kong dollars, with a turnover of 13.3732 million Hong Kong dollars.
Tianfeng Securities: Maintains a 'buy' rating on TCL Electronics (01070), promoting structural upgrades represented by Mini LED.
Tianfeng estimates that TCL Electronics (01070) will have adjusted net income attributable to shareholders of HKD 1.35/1.64/1.97 billion in 2024-2026.
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