Movement Alert|TCL Electronics Rises 5.02% in Regular Trading, H1 Profit Alert and World Cup Demand Catalyze Rally

Market Focus07-13

On July 13, TCL Electronics rose 5.02% in regular trading, trading at HK$15.19/share, with turnover of approximately HK$39.87 million.

On the news front, the company issued a positive profit alert on July 9, forecasting H1 revenue of HK$60.3 billion to HK$65.7 billion, representing 10% to 20% year-over-year growth. Adjusted attributable profit is expected to reach HK$1.48 billion to HK$1.65 billion, up 40% to 56% year-over-year. The company attributed the strong outlook to global operations expansion, improved TV product mix, enhanced internet business monetization, and higher profitability in small and medium-sized displays. Notably, Q1 adjusted attributable profit had already surged 140% year-over-year.

Additionally, the ongoing FIFA World Cup in North America has entered the demand realization phase. TCL sponsors three national teams including Argentina and signed England player Bukayo Saka as brand ambassador. Brokerages including Guojin Securities maintain Buy ratings, projecting full-year attributable profit of approximately HK$3.07 billion.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment