JP Morgan downgrades earnings forecast of TCL

According to the report of JP Morgan, 10% average decrease in TV price of TCL International Holdings Ltd.(1070) was in line with expectation. But JP Morgan announced to downgrade earning forecast of TCL for its slow-than-expected growth rate in market occupation.JP Morgan downgraded 22% and 20.5% of TCL earnings forecast of this year and next year representing HK$507 mln and HK$ 622 mln respectively. TCL stock price fell 15% since last month, which indicated marketˇ¦s attention to its earnings performance.

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