TCL Electronics (01070) rose more than 6% and rose 6.11% at press time to HK$4.69, with a turnover of HK$45 million.
The Zhitong Finance App learned that TCL Electronics (01070) rose by more than 6% and rose 6.11% at press time to HK$4.69, with a turnover of HK$45 million.
According to reports, the panel industry has always been famous for its strong cyclicality. After a period of two years of fluctuation, the recovery of the industry has been frequently mentioned recently. In the past March, the panel industry gradually showed a strong trend of both supply and demand. On the one hand, June-August panels are catalyzed by summer promotions and sporting events such as the French Olympics. On the other hand, panel prices are rising. These two major factors have become the driving force for downstream brand manufacturers to prepare goods in advance. The panel factory also ended measures to strictly control the operating rate in February. The operating rate increased sharply in March, reaching the highest level in nearly 9 months.
Great Wall Securities is optimistic about the recovery in demand in the panel industry. The release of new products from brand manufacturers during the peak consumer season combined with multiple holiday promotions drives the improvement in panel demand. From the supply side, the market share of mainland manufacturers in shipments continues to rise, industry concentration is expected to increase further, supply and demand relationships in the panel industry are expected to improve, panel price prospects are optimistic, rising expectations are strengthened, and panel makers' performance is expected to usher in rapid growth.