Market Insight | TCL Electronics rises more than 5% in tandem with strong global TV shipments of IP companies linked to the UEFA European Championship and Copa America

Zhitong
2024.06.14 02:56
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TCL Electronics rose more than 5%, as of the time of publication, it rose by 5.48% to HKD 6.35, with a turnover of HKD 40.439 million. On the news front, the European Cup, held once every four years, is set to take place in Germany from June 14 to July 14. TCL recently announced its official partnership with the national teams of Germany, Spain, Italy, Poland, and Slovakia. In addition, TCL has also announced its partnership as the official sponsor of the 2024 Copa America. CMB Securities previously pointed out that 2024 is a super sports year, with the European Cup and Copa America facing off in June, followed by the grand opening of the Paris Olympics in July. It is expected that this year's sports events will significantly boost global TV demand. In the first quarter of this year, the company's global TV shipments increased by 5.3% year-on-year to 5.84 million units, with shipments of 65-inch and larger products increasing by 23.1% year-on-year, showing strong performance in shipments and mid-to-high-end products. TF Securities stated that TCL Electronics is a leading company in the global color TV industry, with continuous enhancement of mid-to-high-end products and global operational capabilities driving steady expansion of its TV business share. The firm is optimistic about the company's solid global leading position in the TV sector, as well as the medium to long-term performance elasticity brought by the expansion of new business scales and profit improvement

According to the information from Zhitong Finance and Economics APP, TCL Electronics (01070) surged more than 5%, as of the time of publication, it rose by 5.48% to HKD 6.35, with a turnover of HKD 40.439 million.

On the news front, the UEFA European Championship, held once every four years, is set to take place in Germany from June 14 to July 14. TCL recently announced its official partnership with the national teams of Germany, Spain, Italy, Poland, and Slovakia. In addition, TCL has also announced its partnership as the official sponsor of the 2024 Copa America. CICC previously pointed out that 2024 is a super sports year, with the UEFA European Championship and Copa America taking place in June, followed by the grand opening of the Paris Olympics in July. It is expected that this year's sports events will significantly boost global television demand.

In the first quarter of this year, the company's global TV shipments increased by 5.3% year-on-year to 5.84 million units, with shipments of 65-inch and larger products increasing by 23.1% year-on-year. Shipments and performance in the mid-to-high-end segment remained strong. TF Securities stated that TCL Electronics is a leading company in the global color TV industry, with continuous enhancement in mid-to-high-end products and global operational capabilities driving steady expansion of its TV business share. The firm is optimistic about the company's solid global leading position in the TV sector, as well as the medium-to-long-term performance elasticity brought by the expansion of new business scales and profit improvement

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