Oriental Securities sets CNY 7.62 target for TCL Tech stock

Published on 10/08/2026 at 11:26 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Oriental Securities kept its Buy rating on September 24, 2026. TCL Tech stock stood at CNY 4.63 on October 8, 2026 versus CNY 4.79 prior close.

TCL Tech, CNE000001GL8, Illustration mit AI erstellt.

TCL Tech stock was last at CNY 4.63 on the Shenzhen Stock Exchange on October 8, 2026 at 3:04 p.m. CST, while Oriental Securities set a CNY 7.62 target on September 24, 2026. As Futu reports, the analyst maintained a Buy rating for TCL Technology.

Panel pricing shapes the target

Oriental Securities linked its valuation view to an expected improvement in the display-panel supply and demand balance. The report said major Chinese panel makers had issued price adjustment notices, with television panels identified as the core area for potential increases.

The target of CNY 7.62 compares with the CNY 4.63 Shenzhen price, putting the target 64.58 percent above the market level. The same report identified panel demand, production-line ramp-up and photovoltaic demand as risks to the thesis.

Profit growth came with cash pressure

According to Stockstar, TCL Technology reported operating revenue of RMB 88.65 billion in the first half of 2026, up 3.61 percent from the first half of 2025. Net profit attributable to shareholders reached RMB 3.81 billion, a 102.19 percent year-over-year increase.

The interim report also recorded RMB 17.62 billion in operating cash flow for the first half of 2026, down 35.39 percent year over year because of higher working capital tied up in inventory. That contrast matters: reported profit more than doubled, but cash conversion weakened during the same period.

Shenzhen valuation remains below target

The finance quote for 000100.SZ showed a prior close of CNY 4.79 and a 52-week range of CNY 4.04 to CNY 6.26 on October 8, 2026. Market capitalization was CNY 96.3 billion, while trading volume reached 443,427,390 shares.

TCL Technology Group Corporation operates in semiconductors, with activities spanning display panels, photovoltaic and silicon materials, electronics distribution and related technology businesses. The combination of stronger first-half earnings and weaker operating cash flow leaves panel pricing and inventory discipline as the key measures for assessing whether the analyst target can be supported.

Market data and company profile

The stock was last at CNY 4.63 on the Shenzhen Stock Exchange on October 8, 2026 at 3:04 p.m. CST, versus a prior close of CNY 4.79. Its 52-week range was CNY 4.04 to CNY 6.26, and market capitalization stood at CNY 96.3 billion.