JPMorgan released a research report saying that it maintains the “overweight” rating of Haier Smart Home (06690.HK), believing that its scale will continue to expand, coupled with the synergies generated by global business development, it is expected that profit margins will continue to improve, and the target price will be increased from 40 The Hong Kong dollar was lowered to HK$37 to reflect weak market sentiment. Looking ahead to 2022, Haier’s revenue is expected to increase by 11%, its earnings are expected to increase by 18%, and its gross profit margin will remain flat year-on-year.
Haier Smart Home (06690.HK) Company Profile: Haier Smart Home Co., Ltd. (formerly known as Qingdao Haier Co., Ltd.) is a Chinese company mainly engaged in the research and development, production and sales of household appliances. The company’s main products include refrigerators/freezers, washing machines, air conditioners, water heaters, kitchen appliances, small appliances and U-home smart home products. The company also provides customers with complete solutions for smart home appliances. The company is also engaged in the provision of integrated channel services, including logistics and distribution of home appliances and other products. The company’s products are sold to both domestic and overseas markets in China.
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