HK Stock Market Move | TCL ELECTRONICS (01070) rises by over 4% again. TCL's air conditioning business is a high-growth and profitable asset. The acquisition progress exceeds market expectations.

TCL ELECTRONICS (01070) rose by more than 4%, rising 4.48% to HK$15.38 as of the time of writing, with a turnover of HK$80.87 million. On the news front, TCL ELECTRONICS recently announced its intention to acquire 51% of TCL Air Conditioner for HK$5.61 billion, with the completion of the transaction expected in the fourth quarter. Huaan indicated that the acquisition of TCL Air Conditioner business is progressing ahead of market expectations. The bank pointed out that TCL Air Conditioner business is a high-growth and profitable asset. The acquisition of TCL Air Conditioner allows the company to inject high-growth and profitable assets at a low cost, which will help increase the company's revenue and profitability. CMSC stated that the company's proposed acquisition of 51% of TCL Air Conditioner's shares is the second business expansion within a year after reaching a strategic cooperation agreement with Sony, coupled with continued performance exceeding expectations and AI innovation business Raven leading the industry. Long-term global high-end TV market share continues to increase, with core barriers built through panel integration and global production capacity layout, reiterating a "strongly recommended" investment rating.