Bank of America Securities Affirms "Buy" Rating on Haier Smart Home with Enhanced Shareholder Returns

Stock News03-27

Bank of America Securities has issued a research report maintaining a "Buy" rating on Haier Smart Home (06690), citing its dominant position in the washing machine and refrigerator markets, growing market share in air conditioners, and potential for further margin expansion through product mix optimization and efficiency improvements. The bank set a target price of HK$32.7 for the company. Last year, Haier Smart Home's revenue and post-tax net profit increased by 5.7% and 4.4% year-on-year, respectively. However, in the fourth quarter alone, they declined by 6.7% and 39.2%. Both revenue and profit margins fell short of expectations. On a positive note, the dividend payout ratio has been raised from 48% for 2024 to 55% for 2025, with plans to enhance shareholder returns through increased dividends and share repurchases.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment