CLSA has released a research report maintaining its "Outperform" rating on Haier Smart Home (06690), with the target price adjusted upward from HK$25 to HK$26.
The company's second-quarter sales recorded a year-on-year increase of 1.4%, though net profit declined 13.5% year-on-year, primarily impacted by foreign exchange losses.
The brokerage has raised its net profit forecasts for Haier Smart Home for the 2026 to 2028 period by 0% to 7%, reflecting improved cost efficiency driven by digital transformation. Additionally, revenue projections have been lifted by approximately 2%, attributed to the company's benefits from HVAC business restructuring and overseas inventory replenishment.
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