Tag Archives: TCL Communications

BUYOUTS: LeTV Suspends, TCL Buys Back to Halt Share Slide

Bottom line: Measures like LeTV’s share suspension and TCL’s share buyback will have minimal impact on their stock ultimate declines during the ongoing sell-off, and in the former case will only add to LeTV’s image as a market manipulator.

TCL buys back HK unit shares

It’s only Thursday, but already I’m looking forward to the weekend so I can take a break from writing daily about the pounding Chinese Internet and tech stocks are taking both at home and abroad. The number of Internet stocks getting pounded in China has just lost a major member, with word that online video superstar LeTV (Shenzhen: 300104) has joined a growing list of domestically traded companies that have been granted permission to suspend trading of their shares.

At the same time, a few of the other companies I write about are trying different tactics to support their shares, with electronics giant TCL (Shenzhen: 000100) expanding a share buyback program in one such move. Such buybacks usually total millions or perhaps tens of millions of dollars, and thus don’t seem very effective at a time when billions or even trillions of dollars worth of shares are being traded each day. But companies like TCL and LeTV are doing anything they can to try and support their tumbling stocks. Read Full Post…

News Digest: March 27, 2014

The following press releases and media reports about Chinese companies were carried on March 27. To view a full article or story, click on the link next to the headline.
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Price Wars Coming For Low-End Smartphones

Price wars coming for low-end smartphones

The inevitable price wars may finally be coming to China’s smartphone market, in an all-too-common pattern seen time and again for popular new products. Media have been so busy reporting about how China will become the world’s biggest smartphone market this year that no one has really stepped back to examine the phenomenon and why it’s happening. At least one media is finally doing that, and reporting that inventories are suddenly building up to dangerous levels at the homegrown smartphone makers that are the main force behind China’s recent smartphone boom. Read Full Post…