Home appliance stocks rose collectively in early trading. As of press time, TCL Electronics (01070) rose 7.3% to HK$2.94; Skyworth Group (00751) rose 5.7% to HK$2.78; Hisense Home Appliances (00921) rose 4.55% to HK$23; and JS Global Life (01691) rose 2.76% to HK$1.49.
The Zhitong Finance App learned that consumer electronics stocks rose collectively in early trading. As of press release, TCL Electronics (01070) rose 7.3% to HK$2.94; Skyworth Group (00751) rose 5.7% to HK$2.78; Hisense Home Appliances (00921) rose 4.55% to HK$23; and JS Global Life (01691) rose 2.76% to HK$1.49.
According to the news, the fourth meeting of the Central Committee on Finance and Economics studied large-scale equipment upgrades and consumer goods trade-in issues. According to the CITIC Construction Investment Research Report, the potential for upgrading home appliances is huge, and attention is being paid to investment opportunities brought about by potential policy catalysts; the home appliance boom was high in January, and the beginning of 2024 benefited from a recovery in consumption during the Spring Festival to drive growth in domestic demand. White electricity, black electricity, kitchen appliances, and clean appliances are all in a growth channel, and the sector is basically looking good.
Guotai Jun An pointed out that the trade-in policy is expected to be implemented nationwide. It has been more than 10 years since the last round of the home appliance subsidy policy. It is expected to drive demand for home appliance renewal and stimulate domestic demand for home appliances. It is expected that the current trade-in policy will boost the valuation of home appliances, focusing on recommending major appliance companies with omni-channel and all-category layouts.