Oriental Securities keeps Buy rating for TCL Tech stock

Published on 10/09/2026 at 12:09 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

H1 revenue rose 3.61 percent to RMB 88.65 billion. Oriental Securities set a CNY 7.62 target for TCL Tech stock on September 24, 2026.

Key points in brief

Oriental Securities kept a Buy rating and set a CNY 7.62 target for TCL Tech on September 24, 2026.
TCL Tech reported RMB 88.65 billion in first-half 2026 revenue, up 3.61 percent year over year.
First-half net profit reached RMB 3.81 billion, up 102.19 percent year over year.
The stock was last quoted at CNY 4.64 on Shenzhen on October 9, 2026.

TCL Tech, CNE000001GL8, Illustration mit AI erstellt.

TCL Tech (CNE000001GL8) is carrying a CNY 7.62 target from Oriental Securities, which kept its Buy rating on September 24, 2026, according to Futunn. The target gives the current Shenzhen quote a concrete valuation benchmark.

Profit growth supports the case

In the first half of 2026, TCL Tech generated RMB 88.65 billion in operating revenue, up 3.61 percent from the first half of 2025. Net profit attributable to shareholders reached RMB 3.81 billion, an increase of 102.19 percent year over year, according to the company's interim report published by Stockstar.

Operating cash flow was RMB 17.62 billion in the same period, down 35.39 percent from RMB 27.27 billion a year earlier. The contrast matters: earnings expanded rapidly, while working-capital needs reduced cash conversion during the first half.

What does the target imply for earnings?

At CNY 4.64, the October 9, 2026 Shenzhen price stood 39.11 percent below the CNY 7.62 Oriental Securities target. The comparison uses the same currency and shows why the analyst view remains a material valuation reference rather than a simple price headline.

The display business remained the central operating engine. TCL CSOT generated RMB 50.27 billion in first-half revenue and RMB 3.90 billion in net profit, while net profit attributable to TCL Tech shareholders reached RMB 3.28 billion, up 24.8 percent year over year, the interim report said.

Three milestones frame the strategy

On May 8, 2026, the main structure of the Guangzhou t8 project reached its topping-out milestone, with mass production planned for the fourth quarter of 2027, according to Stockstar. In July 2026, TCL Tech acquired DAS Solar, while planned 12-inch wafer capacity at Zhonghuan Advanced reached 2.1 million pieces per month.

The interim report also records 2026 display milestones: TV panel shipments ranked second globally, while the company held the top global position in e-sports monitor panels. These operating positions connect the valuation debate to capacity, product mix and panel demand rather than to revenue growth alone.

Next scheduled production date

The next dated operating milestone identified in the report is mass production for the Guangzhou t8 project in the fourth quarter of 2027. TCL Tech's near-term financial picture therefore rests on the balance between strong reported profit growth, lower operating cash flow and continued investment in display and photovoltaic capacity.

Shenzhen quote and valuation benchmark

TCL Tech was last at CNY 4.64 on the Shenzhen Stock Exchange on October 9, 2026 at 3:04 p.m. CST, versus a prior close of CNY 4.63. Its 52-week range was CNY 4.04 to CNY 6.26, and market capitalization was CNY 96.5 billion as of October 9, 2026. The next course of trading is shown by the continuously updated real-time quote of TCL Tech stock.