TCL Electronics Expects Up to 160% Increase in H1 Profit; Shares Slide Over 11%

TCL Electronics Holdings (HKG:1070) expects a 130% to 160% jump in profit attributable to the owners in the first half ended Jun 30, compared with the previous year, according to a Monday filing on

MT Newswires03:17 ET

Tcl electronics (01070) issued a profit warning, but fell more than 11%. Zhongjin believes that the home appliance industry will decline in the second half of the year, and the sector is expected to adjust in the short term.

Golden Finance News | TCL Electronics (01070) stock price fell, as of press time, down 11.24%, at HKD 5.37, with a turnover of 0.153 billion HKD. The company recently announced that the group's net income attributable to shareholders will increase by about 130% to 160% in the first half of 2024 compared with the same period in 2023. The main reason for the significant increase in net income attributable to shareholders after adjustment is that: (i) in the first half of 2024, the global market space of the industry is stable, the industry structure is clear, the trend of concentration of leading enterprises is accelerating, the group vigorously promotes the high-end strategy and global operation, and actively develops new business,

金吾財訊02:31 ET

China Securities Co., Ltd.: Going overseas is still the main theme of white appliances in the second half of 2024.

In recent years, the main driving force for the export of household appliances comes from emerging markets. The importance of sales and incremental contribution of Europe and the United States is declining in both dimensions. Emerging markets are still expected to maintain a strong trend in the long term due to economic development and the improvement of domestic brand market share, and the US market is also expected to follow the rate cut cycle and boost growth.

Zhitong Finance21:29 ET

Zhitong Hong Kong stocks have long known | The Fed's confidence in meeting inflation standards has increased. TCL Electronics (01070) is happy

Fed Chairman Powell said that the second quarter economic data has given policymakers more confidence in achieving sustainable inflation to the 2% target.

Zhitong Finance19:42 ET

Glory Announcement Selection (HK stocks) | Metallurgical Corporation of China (01618.HK): The amount of new signed contracts in the first half of the year was 67.779 billion yuan, a year-on-year increase of 92.5% in new overseas contracts.

Today's focus: Metallurgical Corporation of China (01618.HK): new contract amount of 677.79 billion yuan in the first half of the year, a year-on-year increase of 92.5% in new overseas contract amount. Metallurgical Corporation of China (01618.HK) announced that the company's new contract amount for January-June 2024 was RMB 677.79 billion, a decrease of 6.2% compared to the same period last year. Among them, the new overseas contract amount was RMB 43.54 billion, a year-on-year increase of 92.5%. Major events: Capital realm (00204.HK) recently signed a strategic cooperation intention agreement with Xinghua Economic Development. Southgobi (01878.HK) and

Gelonghui FinanceJul 15 10:47 ET

TCL Electronics Projects Significant Profit Jump

TipRanksJul 15 07:43 ET