When I researched and wrote about Roku recently, I dived into the streaming ecosystem. One trend is Smart TV’s total viewing time increased from 7% to 15% in 1H2020, according to the Conviva State of Streaming Q2 report.
In the TV manufacturers sector, TCL (OTCPK:TCLHF)’s recent surge in North America caught my eyes. TCL electronics holdings company (hereinafter referred to as TCL) is a Chinese company headquartered and listed in Hong Kong (its stock symbol 1070.HK) and incorporated in the Cayman Islands. It manufactures TVs, other consumer electronics, and build a comprehensive ecosystem for smart TVs. In 1Q19, TCL ranked No1 in North American by TV unit shipment.
All dollar amounts discussed in this article are in USD, while numbers cited in its financial reports are in HKD. I use 1USD =7.75HKD for conversions.
I am very bullish on TCL. A conservative model values the company at