郭思治: TCL電子(01070.HK)純利大升1.4倍 海外互聯網首錄收入前景向好
帝峰證券及資產管理有限公司行政總裁郭思治稱,TCL電子(01070.HK)公布2019年全年業績,股東應佔溢利達22.8億港元,同比增長141.4%。在撇除非經常性項目後的股東應佔溢利為10.7億元,較去年同期上升35%。收入較去年增長3.1%至469.91億元,毛利為81.7億元。
集團整體業務受海外市場以及互聯網業務帶動增長。TCL品牌海外市場收入達210億元,經營業績上升42%至8.78億元。全年海外市場銷售量同比上升26%至1,346萬台,佔品牌電視機銷量65%以上。北美市場銷量同比雙位數增長達14%;歐洲市場銷售同比增長35%,第四季度同比增幅更高達55%,其中如西班牙、英國和意大利的增幅分別高達264%、262%和203%;包括印度、阿根廷、澳大利亞和俄羅斯在內的新興市場銷售量同比增長41%。
互聯網業務收入增幅108.7%至7.6億元,海外互聯網業務透過與Google及Roku等知名品牌合作首次錄得2.1億元收入,佔互聯網業務總收入的27.8%,互聯網業務經營業績為3.17億元。全年累計通過廣州歡網科技運營的激活新用戶數量為1,043萬戶,同比提升25%;累計總用戶量突破4,000萬戶至4,234萬戶,同比提升33%;日均活躍用戶數量躍升至2,079萬,同比提升36%。
除業務營運錄得理想增長外,管理層擬派發末期息10.6港仙,全年每股股息21.16港仙,派息率達45%,亦較去年多派發10%股息。按現價計算,股息率約5.5%。雖然考慮到目前疫情環境,但公司手頭現金充足,增加派息等同回饋股東支持,值得嘉許。
環球市場仍然波動,TCL電子股價自春節後一直跑贏大市,至前周在市場恐慌下回調,相信業務穩步向上及互聯網業務呈高增長支持下,後市仍有不俗支持。建議投資者現價買入,上望4.5元。
(筆者為證監會持牌人)~
Follow us
Find us on
Facebook,
Twitter ,
Instagram, and
YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the
uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!

Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.