TCL Communication (HKSE:02618) is one of the top mobile phone brands in the global market by shipments. Leveraging its lean cost structure for phone design and manufacturing in China, as well as strong channels and relationship with operators globally via the TCL-Alcatel brand, the company has gained success in the feature phone market in the past few years. Starting 2013, TCL Communication has gradually come up with comprehensive smartphone offerings which have been welcomed by channels and operators. We believe the company has key elements that can help it duplicate success from the feature phone era to the smartphone era and may deliver strong earnings growth in the coming years.
From Value Partners (Trades, Portfolio)’ Classic Fund Second Quarter 2014 Commentary.
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