On August 5, TCL ELECTRONICS rose 5.01% in regular trading, trading at HK$16.78/share, with turnover of HK$105 million. The rally was driven by the approaching board meeting on August 28 to review H1 results, combined with continued institutional endorsement of its HK$5.61 billion acquisition of 51% equity in TCL's air conditioning business.
Multiple brokerages have reiterated positive ratings: Guoxin Securities maintained its Outperform rating, noting the acquisition drives black-white appliance integration with significant synergies; Huachuang Securities maintained its Strong Buy rating with a target price of HK$18.3; China Merchants Securities maintained its Strong Recommend rating, raising profit forecasts to HK$3.0/4.0 billion for FY26/27. The company previously guided H1 adjusted attributable profit of HK$1.48-1.65 billion, representing 40%-56% YoY growth. TCL Air Conditioning recorded revenue of HK$33.8 billion in 2025 with annual sales exceeding 22 million units, ranking second domestically in export volume.
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