HK Stock Market Move | TCL ELECTRONICS (01070) surged more than 7%, its subsidiary Raybird's smart glasses business is rapidly expanding, and there is strong demand for high-end large screen products in the global TV market.

TCL ELECTRONICS (01070) rose by over 7% again, reaching a 7.35% increase by the time of publication, at 6.72 Hong Kong dollars, with a transaction amount of 83.5311 million Hong Kong dollars. On the news front, on January 7th, TCL ELECTRONICS' sub-brand Thunderbird released a new product, Thunderbird V3 AI shooting glasses; the company plans to launch a new smart glasses product X3Pro in the second quarter of 2025. Guotai Junan pointed out that Thunderbird innovation incubated by TCL ELECTRONICS, with the core team from TCL, DJI, Meta, and ByteDance, has obvious innovation advantages. The bank believes that considering TCL ELECTRONICS entering the profitable recovery channel overall, and expecting the Thunderbird innovation, in which the company holds a 11.5% stake, leading in the market share of AI glasses business, is expected to fully benefit from the explosion of the AI industry. Pacific Securities pointed out that in the industry, the global TV market has strong demand for large-screen high-end products, and the concentration of Chinese TV brands is expected to break through in the future; in addition, industries such as photovoltaics, AR/XR are growing rapidly, and AI glasses may develop rapidly in the future. On the company side, as a leader in the global TV industry, internal efficiency continues to improve, smart screen share and the proportion of high-end large-screen products continue to increase, the profitability of internet business is stable, and innovative businesses such as photovoltaics and all-category marketing are developing rapidly; at the same time, its Thunderbird brand's smart glasses business is expanding rapidly, which is expected to boost the company's performance and visibility.