Changes in Hong Kong stocks | TCL Electronics (01070) rose more than 4% at the end of the session and the acquisition of TCL Air Conditioning Optimization Business Structure Company Valuation is expected to be reshaped

The Zhitong Finance App learned that TCL Electronics (01070) rose more than 4% at the end of the session, and the cumulative increase during the year was close to 70%. As of press release, it rose 4.45% to HK$16.68, with a turnover of HK$127 million.

According to the news, TCL Electronics previously announced that it plans to spend HK$5.61 billion to acquire 51% of TCL's air conditioning business to take control of TCL's air conditioning business and integrate it into the listed company system. According to Huatai Securities, the target group will sell more than 22 million air conditioners in 2025, with operating revenue of about HK$33.8 billion and net profit of over HK$1.9 billion, which has strong profitability.

China Merchants Securities said that TCL Electronics was previously positioned as a pure television manufacturer, and its valuation was suppressed by cyclical fluctuations in the TV industry; after being incorporated into air conditioning, it became a “comprehensive black electric+white electricity platform”. The business structure is closer to the US and Haier, and the valuation level is expected to recover from TV discounts to a reasonable range for comprehensive home appliances.