On July 23, TCL ELECTRONICS rose 5.13% in regular trading, trading at HK$15.99/share, with turnover of HK$54.81 million. The rally was driven by multiple brokerages noting that the company's air conditioner business acquisition is progressing ahead of market expectations.
TCL ELECTRONICS previously announced plans to acquire a 51% stake in TCL's air conditioner business for HK$5.61 billion, with the transaction expected to close in Q4. The target business reported total air conditioner sales exceeding 22 million units in 2025, with overseas sales accounting for 76% and annual production capacity surpassing 38 million units across more than 10 global manufacturing bases. Caitong Securities raised its adjusted net profit forecast, while Huachuang Securities set a target price of HK$18.3 with a Strong Buy rating, and China Merchants Securities maintained its Strong Recommendation.
Additionally, the company guided H1 adjusted net profit growth of 40% to 56% year-over-year, reaching HK$1.48 billion to HK$1.65 billion. The signing of a joint venture with Sony for home entertainment business and the Huizhou capacity expansion project further support the positive fundamental outlook.
(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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