HK-listed TV maker TCL Electronics at 10-month high on solid outlook

TCL Electronics Holdings

07/02/2020 02:26

** Shares of TCL Electronics Holdings Ltd  1070.HK  jump as
much as 26% to HK$4.50, their highest since last April 
    ** Stock of the Chinese television set maker ranks the
fourth-biggest percentage gainer in early trade
    ** Stock up 17.1% at HK$4.18, marking its best session since
July 2015
    ** Co says it expects to post a two-fold increase in its
2019 net profit, as compared with a year earlier amid
optimization of product mix and an increase in overall gross
profit margin of TCL brand TV  urn:newsml:reuters.com:*:nFWN2A61A0
    ** As of previous close, stock slid 2.5% this year
    ** TCL Electronics underperformed the Hang Seng Commerce &
Industry Index sector  .HSNC  by 2.7 percentage points in the
past one month
    ** The Hang Seng China enterprises index  .HSCE  falls 1.1%,
and the benchmark index  .HSI  eases 0.8%

 (Reuters Messaging: donny.kwok.thomsonreuters.com@reuters.net)