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CLSA Raises TCL Electronics (01070.HK) TP to HKD16, Rating Outperform
2026-04-02 10:23:14 CLSA issued a research report stating that a subsidiary of TCL Electronics (01070.HK) has formed a joint venture with Sony to acquire 100% of Sony Electronics for JPY75.4 billion, with TCL Electronics holding a 51% stake. The transaction is expected to be completed in 2027, and Sony will obtain a put option exercisable in the third, sixth and ninth years. The broker believes this will be a strong partnership. The broker said it raised its net profit forecasts for TCL Electronics for this year and next year by 8% each. Its TP was lifted from HKD13 to HKD16, and its rating is maintained at Outperform. (ca/w) ~ AASTOCKS Financial News Website: www.aastocks.com This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. | |