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Guosen Investment Strategy for the Home Appliance Industry in 2025: Many regions across the country are implementing the home appliance trade-in policy. Bullish on the continuous release of demand for home appliance upgrades.
The old-for-new replacement policy will continue in 2025, expected to sustain the release of demand for home appliance upgrades, driving growth in the home appliance industry.
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GTJA: It is expected that the demand for home appliances will remain stable as the main theme in 2025.
Looking ahead to 2025, the expectation is that the demand for white goods will remain steady as the main theme. Based on multiple assumptions, an Algo determination has been given: the old-for-new program and national subsidies are sufficient to support stable domestic demand, and there is no need to excessively worry about tariff risks in overseas markets. The incremental growth in Emerging Markets is ample.
SWHY's investment strategy for the home appliance Industry in 2025: Internal and external resonance, prosperity upturn in 2025.
The demand in the home appliance Industry has significantly improved, valuations have rebounded from the bottom, the Sector's valuations have been significantly repaired, and it still offers a high cost-performance ratio for allocation.
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Hong Kong stocks are moving differently | Home Appliances stocks rise against the trend as multiple regions announce the continuation of the trade-in policy. Institutions indicate that national subsidies are expected to release upgrade demand.
Home Appliances stocks rose against the trend in the early session. As of the time of writing, HISENSE HA (00921) is up 5.3% at 25.85 HKD; QIDIAN GUOFENG (01280) is up 2.79% at 2.58 HKD; Midea Group Co., Ltd (00300) is up 1.26% at 76.5 HKD;泉峰控股 (02285) is up 0.46% at 17.52 HKD.