HK Stock Market Move | TCL ELECTRONICS (01070) rose more than 7% in the morning trading session. Thunderbird recently released the AI shooting glasses V3, leading the market share in the AI glasses business.

TCL ELECTRONICS(01070) rose over 7% in the early trading session, increasing by 7.4% to HK$6.24 as of the time of publication, with a trading volume of HK$21.9245 million. On the news front, on January 7th, TCL ELECTRONICS' sub-brand, Raybird, launched a new AI shooting glasses product, Raybird V3. The company plans to launch a new smart glasses product, X3Pro, in the second quarter of 2025. Guotai Junan pointed out that Raybird Innovation was hatched by TCL ELECTRONICS, with its core team coming from TCL, DJI, Meta, and ByteDance, showing clear innovation advantages. The firm believes that considering TCL ELECTRONICS' overall entry into a profit recovery track, and the expected market leadership of Raybird Innovation, in which the company holds a 11.5% stake, in the AI glasses business, it is likely to benefit fully from the explosive growth of the AI industry. Zheshang noted that the market believes the household electronics industry has a poor competitive landscape, with large profit fluctuations and low investment value. However, the firm believes that improvements have been made in the industry's valuation and competitive landscape, with TCL ELECTRONICS making breakthroughs in overseas markets. Valuation improvements come from the positive impact of the slowdown in the panel cycle on the profit stability of household electronics companies; at the same time, the industry is benefiting from the government's household appliances trade-in subsidy, leading to industry growth, driven by the trend towards larger screens, improving industry competition. Overseas, the company has made strides in the North American market channels over decades, rapidly increasing market share in Europe.