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tcl communication tech hldgs (2618) Details

TCL Communication Technology Holdings Limited, an investment holding company, designs, manufactures, and sells mobile and Internet products. The company offers its products under the TCL, ALCATEL ONETOUCH, and Palm brands. It is also involved in the distribution of mobile phone components; manufacture and distribution of mobile handsets, and fixed line telephone products; and development of software for mobile headsets. The company sells its products in China; and approximately 160 countries throughout the Americas, Europe, the Middle East, Africa, and the Asia Pacific. TCL Communication Technology Holdings Limited was incorporated in 2004. The company is headquartered in Shenzhen, the People’s Republic of China, and is considered a Red Chip company due to its listing on the Hong Kong Stock Exchange. TCL Communication Technology Holdings Limited is a subsidiary of T.C.L. Industries Holdings (H.K.) Limited.

15,000 Employees
Last Reported Date: 10/23/14
Founded in 2004

tcl communication tech hldgs (2618) Top Compensated Officers

Chief Executive Officer, President, Executive...
Total Annual Compensation: $2.0M
President of Sales & Marketing, Chief Operati...
Total Annual Compensation: $1.3M
Compensation as of Fiscal Year 2013.

tcl communication tech hldgs (2618) Key Developments

TCL Communication Technology Holdings Ltd. Provides Earnings Guidance for the Year Ended December 31, 2014

TCL Communication Technology Holdings Ltd. provided earnings guidance for the year ended December 31, 2014. The board of directors of the company announced that based on the preliminary assessment of the unaudited consolidated management accounts by the management of the Group, the Group is expected to record a significant increase in its net profit for the year ended December 31, 2014 as compared to that recorded by the Group for the corresponding period in 2013. Based on the information currently available, the above mentioned expected profit increase was primarily attributable to the following three reasons: Significant increase in sales volume globally: During the Relevant Period, the sales of handsets and other products totalled 73.5 million units, representing a year-on-year increase of 33%. The sales of smartphones and other smart devices amounted to 41.5 million units, representing a year-on-year surge of 136%. Indeed, according to the research firm Gartner's report of third quarter 2014, the market share of the Group in total handset was ranked No.6 globally, whilst the market share in smartphone was ranked No.9 globally, running at the forefront. 2. Continuous upgrade in product mix: The Group has successfully transformed its business focus from feature phones to smartphones. During the Relevant Period, smartphone and other smart devices accounted for 56% of the overall shipment, representing a significant increase from 32% for the same period in 2013. The sales volume of new product lines, such as tablet, increased more than twofold, trending up the average selling price of the products as a result. Outstanding performance in major markets: During the Relevant Period, the Group achieved outstanding performance in major markets, in particular, North America and Latin America. According to November 2014 report of the research firm ITG, the Group's market share ranking in total handsets of USA had climbed up to No.4. According to Gartner's report of third quarter 2014, the Group was ranked No.1 in LATAM (excluding Brazil) in overall mobile phone market share. In addition, the business in China has been greatly improved due to the enhanced smartphones and other smart devices product portfolio and advancement of 4G products and deepened sales channels.

TCL Communication Technology Holdings Ltd. to Report Fiscal Year 2014 Results on Mar 02, 2015

TCL Communication Technology Holdings Ltd. announced that they will report fiscal year 2014 results on Mar 02, 2015

TCL Communication Technology Holdings Ltd., Board Meeting, Mar 02, 2015

TCL Communication Technology Holdings Ltd., Board Meeting, Mar 02, 2015. Agenda: To consider and approve the annual results of the company and its subsidiaries for the year ended 31 December 2014 and its publication; and to consider recommending the payment of a final dividend, if any, for the year ended 31 December 2014.

 

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Valuation 2618 Industry Range
Price/Earnings 9.2x
Price/Sales 0.4x
Price/Book 2.5x
Price/Cash Flow 9.1x
TEV/Sales 0.1x
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