On July 11th, the stock opened more than 6% higher and as of the time of writing is up 6.29% at HKD 81.95, with a trading volume of HKD 0.23 billion.$HISENSE HA (00921.HK)$Up more than 6% in the afternoon, as of press time, up 6.18%, at HKD 24.05, with trading volume of 89.7845 million HKD.
Swhy pointed out that the real estate policy has made a significant reversal, and the white goods sector has the attributes of low valuation, high dividend and stable growth, with high safety margin of stock price and large elasticity. In the short term, the slight slowdown in white goods installation growth rate does not change the industry's investment value. The policy of replacing old with new and the coming of air conditioner sales season are expected to catalyze the industry. According to the data of the industry index, the export production in June and July continued to grow at a high rate of +31%/+35%, and the short-term rise in copper prices has led to an optimistic outlook on the volume-price rise of the white goods industry chain.
Minsheng Securities previously pointed out that the governance improvement logic of Hisense Ha continues to be realized, and the performance has exceeded expectations for several consecutive quarters. The profitability of the traditional main business still has sufficient room for repair. The timing of feedback from new signed orders in the auto thermal management business to the financial report end is approaching, and the company's profitability is expected to continue to improve. Haitong Securities also pointed out that in the long run, the company's central air-conditioning business is expected to maintain its leading position in the industry and drive the steady increase in overall business share. The combination of the "three electric" continues to maintain the improvement trend with its own synergistic resource advantages.