Added to YB: 2024-04-04
Pitch date: 2024-04-02
1070.HK [bullish]
TCL Electronics Holdings Limited
+235.01%
current return
Author Info
Pyramids and Pagodas covers companies across emerging markets (mainly Asia/Middle East). Sign up for their newsletter.
Company Info
TCL Electronics Holdings Limited, an investment holding company, operates as a consumer electronics company in Mainland China, Europe, North America, and internationally.
Market Cap
HKD 14.2B
Pitch Price
HKD 3.33
Price Target
N/A
Dividend
2.83%
EV/EBITDA
9.53
P/E
18.83
EV/Sales
0.12
Sector
Household Durables
Category
growth
TCL Electronics (1070.HK) wows with 2023 results and continues push into high-end products
1070.HK: Strong FY23 results - 65'+ TV sales +35%, emerging markets +17%, photovoltaic biz +1820% to 8% of revs. Mgmt to focus on profitability via tech upgrades & team synergies. FY24E display revs to recover, innovative biz +40-45%. Incentivized to hit HKD1.32B net profit target.
Read full article (4 min)