HK Stock Market Move | TCL ELECTRONICS(01070) rises nearly 6%, global shipments of Mini LED TVs doubled last year, Institutional investors point to its AR glasses taking the lead.

TCL ELECTRONICS (01070) rose nearly 6%, up 5.91% as of the time of writing, at HK$6.99 with a trading volume of HK$286.81 million. On the news front, TCL ELECTRONICS recently announced the 2024 global shipment data for TCL TVs. The global shipment of TCL TVs in 2024 increased by 14.8% year-on-year to 29 million units, reaching a new historical high. In the fourth quarter of 2024, the global shipment of TCL TVs increased by 19.3% year-on-year and by 20.0% quarter-on-quarter, maintaining a high growth momentum. In addition, in 2024, the global shipment of TCL quantum dot TVs increased by 69.5% year-on-year, while the global shipment of TCL Mini LED TVs increased by an impressive 194.5%. China Securities Co., Ltd. is optimistic about the company's future growth prospects. On one hand, its market share in overseas markets continues to increase, and the future revenue of its smart screen business is expected to continue to grow. On the other hand, its product structure is continuously optimized, which is expected to drive the operating profit margin back to pre-pandemic levels. In addition, Thunderbird Innovation leads the development of AR glasses, synergizing high-end and low-end screens to accelerate the penetration of MiniLED. The firm believes that the company's "TCL + Thunderbird" dual brands and the "mid-to-high-end + large-screen" strategy are expected to accelerate the penetration rate of MiniLED and further capture a larger share of the global high-end market.