Haier Smart Home's Earnings Likely Bottomed in 1Q -- Market Talk

Dow Jones04-29 10:27

0227 GMT - Haier Smart Home's earnings likely reached a bottom in 1Q, say DBS Group Research analysts in a note. This comes as the Chinese home-appliance maker is targeting sequential improvement in its businesses, particularly in North America, they note. Still, the analysts remain cautious on that market given lingering uncertainties such as tariffs, as well as broader external headwinds such as foreign-exchange fluctuations. While the company projects around 5% overall revenue and earnings growth in 2026, DBS's full-year estimates are more conservative. DBS cuts its target prices for Haier's shares to HK$27.40 from HK$34.80 for those listed in Hong Kong, and to 23.80 yuan from 32.20 yuan for those listed in Shanghai. The bank retains its buy rating. H shares add 2.9% to HK$22.30 and A shares rise 1.3% to 21.61 yuan. (megan.cheah@wsj.com)

 

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April 28, 2026 22:27 ET (02:27 GMT)

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