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Citigroup: Lower Hang Seng Index's year-end target to 19,800 points.
Recently, a report from Citigroup pointed out that H-shares listed in Hong Kong are more sensitive to the Fed's interest rate cuts, so they remain bullish on H-shares over A-shares. Citigroup has lowered its year-end target for the Hang Seng Index by 3% to 19,800 points and also lowered its mid-2020 target by 5% to 21,000 points.
Haier Smarthome [06690] is now trading at HKD 23.15, a decline of 5.12%.
As of 11:48, Haier Smarthome [06690] reported HKD 23.15, a decrease of HKD 1.25 or 5.12% from the previous closing price of HKD 24.4. The trading volume was HKD 126.4326 million. The highest price today was HKD 24.4 and the lowest price was HKD 23. Based on the closing price yesterday, the 10-day average price was HKD 30.09 and the 50-day average price was HKD 26.80. The PE ratio is currently 15.08 times, and the 14-day strength index is 42.64.
Daiwa: Maintains the 'in line with the market' rating for Haier Smarthome (06690) with a target price of 26 Hong Kong dollars.
Haier Smarthome's target for 2025 is to achieve single-digit growth in revenue in the USA, while achieving high single-digit growth in other regions.
Almo Corporation Names Maggie Kassebaum Senior Vice President of Premium Appliances Division
Tianfeng Securities: Continuous improvement in the profitability of household appliances, domestic sales expectations may reverse.
Recently, the central government has implemented a policy of trading in old for new, with subsidies comparable to those for rural household appliances. The domestic sales are currently in a major renewal cycle, and the policy's elasticity in implementation can be expected, potentially leading to a reversal in domestic sales expectations.
Haier Smart Home's Domestic Sales Could Improve in 2H -- Market Talk
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