On July 15, TCL Electronics rose 5.06% in regular trading, trading at HK$15.33/share, with turnover of HK$113 million.
On the news front, the company previously issued a positive interim profit alert, forecasting H1 adjusted attributable net profit of HK$1.48 billion to HK$1.65 billion, representing 40% to 56% year-over-year growth. Revenue is expected at HK$60.3 billion to HK$65.7 billion, up 10% to 20% YoY. The strong outlook follows Q1 adjusted net profit surging 140% YoY to HK$384 million.
Multiple brokerages have reinforced bullish stances. China Merchants Securities maintained its Strong Buy rating, raising full-year profit estimates to HK$3.0-4.0 billion. Guojin Securities projects full-year attributable profit of approximately HK$3.07 billion and maintains a Buy rating.
Additionally, the FIFA World Cup in the US, Canada, and Mexico has entered its peak demand realization phase. TCL, as sponsor of Argentina and two other national teams, is benefiting from elevated TV replacement demand. The company's ongoing Sony Bravia joint venture and Huizhou capacity expansion further underpin its medium-term growth trajectory.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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