CMB International is confident that Haier Smart Home (06690) will achieve its guiding goals for the 2024 fiscal year.
The Zhitong Finance App learned that CMB International released a research report stating that it maintained the Haier Smart Home (06690) “buy” rating and raised the target price from HK$30.91 to HK$31.24. The company's results for the fourth quarter of 2023 were in line with expectations, but the dividend increase was a highlight.
The bank pointed out that it appreciates the resilience of Haier's Smart Home business, especially in the face of weak macroeconomic demand in China. Looking forward to the future, thanks to Casarte (Casarte)'s steady growth, the improvement of the air conditioning business, EU market reforms, potential subsidies, and other favorable macroeconomic policies, we are confident that it will achieve its guiding goals for the 2024 fiscal year.