HKG:1070

4 stories mentioning HKG:1070

Every FINWIRES story that references HKG:1070, newest first.

Fitch Assigns BBB- Rating to TCL Electronics on Growing TV Set Market Share

Fitch Ratings rated TCL Electronics' (HKG:1070) long-term foreign- and local-currency issuer default ratings at BBB-, according to a Wednesday note by the debt watcher.The ratings reflect the appliance maker's growing market share for its televisions as it has become the second-largest global manufacturer of TVs by shipments, the report said.Fitch's outlook on TCL Electronics' ratings is stable, reflecting a rise in its TV business in the next two to three years.Lesser volatility in its upstream panel costs will help bolster its profit margin amid high memory and energy expenses, Fitch said.Worldwide shipments of TVs could remain stable at 200 million, but TCL Electronics' dominance in the mini-LED TV market should help sustain its growth beyond industry standards, Fitch said.

HKG:1070

Asia33d ago

TCL Electronics' Q1 Profit More Than Doubles

TCL Electronics (HKG:1070) recorded HK$359 million in attributable profit for the first quarter of 2026, up 124% from HK$161 million a year earlier, according to a Wednesday filing with the Hong Kong bourse.Earnings per share were HK$0.1416, compared with HK$0.0641 in the prior year period.Revenue rose 15% year on year to HK$29.2 billion, figures showed.

HKG:1070

Asia34d ago

TCL Electronics Places Cap on Sony's Put Option in Bravia JV

TCL Electronics (HKG:1070) placed a cap on the potential payout to Sony (TYO:6758) if the Japanese appliance giant decides to exit the Bravia joint venture, according to a Monday filing with the Hong Kong bourse.TCL's shares fell over 1%, while Sony's shares rose almost 3% in morning trade on Tuesday.The firm said it amended its previously announced JV agreement to cap Sony's put option to up to HK$4.9 billion.TCL Electronics recently announced it would purchase a majority stake in Sony's home entertainment operations for 75.4 billion yen. The purchase entails the creation of a new joint venture called Bravia Inc., in which TCL will hold 51% and Sony the remaining 49%.The TCL-Sony joint venture will start operations in April 2027.

HKG:1070TYO:6758

Asia56d ago

TCL Electronics Expects Upto 150% Rise in Q1 2026 Profitability

TCL Electronics (HKG:1070) expects HK$360 million to HK$400 million in attributable profit for the first quarter of 2026, up 125% to 150% year on year, according to a Hong Kong bourse filing Sunday.Shares of the TV maker gained nearly 4% in morning trade Monday.Revenue is expected to rise 10% to 20% year on year to HK$27.8 billion to HK$30.4 billion, the firm said.

HKG:1070