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Guotou Securities: Q3 home appliance subsidy policy promotes economic improvement, while exports continue to grow rapidly.
Since the end of August, the detailed subsidy rules for the "trade-in old for new" of household appliances have been successively implemented in various provinces and cities, effectively boosting the consumer sentiment for household appliances. With the continuous implementation of the subsidy policy, the domestic sales of household appliances are expected to bottom out and rebound.
Guolian Securities: Domestic appliance sales may be ushering in a turning point. The advantage of "price range + channel" is added.
Driven by the replacement of old for new, domestic appliance sales may be entering a key transition period, with substantial subsidy sales volume and remarkable elasticity in off-peak product categories.
Concerns Surrounding Gree Electric Appliances of Zhuhai's (SZSE:000651) Performance
Sinolink: In Q3, the public offering increased positions in non-financial and real estate sectors the most, significantly reducing positions in cyclical sectors.
In the third quarter of 24, the total size of public offering funds has increased significantly, with "passive equity" continuing to be more preferred by investors than "active equity".
Nomura Adjusts Gree Electric Appliances' Price Target to 51.30 Yuan From 50.50 Yuan, Keeps at Buy
Guolian: In 2024 Q3, the proportion of heavy holdings in the home appliance sector increased. The leading company in white goods is expected to benefit more from its operation.
The proportion of heavy positions in the household electronics sector in the third quarter of 2024 is ranked as follows: white goods (3.81%), upstream electronics (0.67%), small appliances (0.57%), black appliances (0.22%), lighting (0.12%), and kitchen appliances (0.02%).
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