
FollowingourNDRwithmgmtthisweek,westicktoourpositiveviewonTCLComm’sgrowthoutlook,givenitsstrongshipmentmomentum,continuedGM/ASPexpansion,expandingglobalsalesnetworkandwell-plannedproductpipeline,including4G-LTEmodels.Webelievethestockisthebestproxyforemergingmarketsmartphonesamidproductcommodization.Weraiseour2013-15EEPSby507%/132%/102%for3Qresults,betterASP/GMandhigh...