Express News | Eqs-News: Haier Smart Home Co., Ltd.: Dividend Announcement
Express News | Eqs-CMS: Haier Smart Home Co.,Ltd.: Announcement on the Completion of Share Purchase for the 2024 H-Share Core Employee Stock Ownership Plan
Northbound investors sold over 0.9 billion Hong Kong dollars of China Mobile, while southbound investors increased their holdings in home appliance stocks against the trend.
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Haier Smarthome (600690.SH): completed stock purchase for H-share core employee stock ownership plan in 2024.
On July 26, Gelon Daily reported that Haier Smarthome (600690.SH) announced that the 2024 H-share core employee shareholding plan has entrusted Xingzheng Securities Asset Management Co., Ltd. to establish the "Xingzheng Asset Management Xinzhong Haier Smarthome No. 10 Employee Shareholding Single Asset Management Plan" (referred to as the "asset management plan") for management. As of July 26, 2024, the asset management plan has purchased a total of 3,035,400 shares of the company's H shares in the secondary market through the Hong Kong Stock Connect, with an average transaction price of HKD 23.9203 per share and a transaction amount of approximately HKD 72,607,780.00 (excluding handling and taxes).
Hong Kong index increased by 0.1% on the 26th, rebounding after 4 days. Haier Smart Home rose by 6.1%.
On the 26th, the Hong Kong market rebounded after four days, with the Hang Seng Index, composed of 82 major stocks, rising 16.34 points (0.10%) to 17021.31 points compared to the previous day, while the China Mainland Share Index (formerly known as H-shares Index), consisting of mainland Chinese companies' stocks, fell for the fourth consecutive day, down 5.87 points (0.10%) to 6010.64 points. The trading volume was HKD 10.46 billion and HKD 70.2 million (HKD 10.57 billion and HKD 34 million on the 25th). There was a trend of buying for autonomous rebound.
Chinese telecommunications and financial stocks are under pressure, and the Hang Seng Index is struggling to stay above the 17,000 mark.
On Thursday, the offshore RMB/USD exchange rate rose to around 7.2000, the strongest in two and a half months. After the Hong Kong stock market fell by 630 points in three days, it rebounded by more than 200 points this morning before falling back, eventually rising 28 points or 0.17% to 17,033 points for the half-day; the national index fell 4 points or 0.1% to 6,012 points; the Hang Seng Tech Index rose 22 points or 0.7% to 3,443 points. The technology index remained stable in the afternoon, with the best performing stock being Haier Smart Home (06690), up 5.7%. The central government's policy of subsidizing old-for-new appliances continues to stimulate home appliance stocks, such as JD.com (09618).
[Brokerage Focus] Citic Securities: 300 billion yuan government bonds support equipment updates and trade-in, significant benefits for the commercial vehicle and home appliance industries.
Jingu financial news | Citic securities said that 300 billion yuan of national bonds support equipment updates and trade-ins. The National Development and Reform Commission and the Ministry of Finance issued the Measures on Several Measures to Support Large-scale Equipment Upgrades and Trade-ins of Consumer Goods, which provide approximately 300 billion yuan of long-term special national bond funds to support large-scale equipment upgrades and trade-ins of consumer goods. Compared with the previous series of policies for equipment upgrades and trade-ins, this measure has a larger amount of funding, clear funding sources, and a higher proportion of central funding. It is expected that the policy effect will be better and faster. By industry, 1) commercial vehicle trade-in policy is introduced for the first time, greatly exceeding expectations.
Deutsche Bank: Rated Haier SmartHome (06690) as 'in line with the market', with a target price of HK$26.
Daiwa believes that there is over an 80% chance that the stock price of Haier Smart Home (06690) will outperform the market within 15 days.
Haitong Securities: Further implementing the policy of replacing old with new and supporting funds shared by the central and local governments.
The policy of replacing old with new has been further implemented, supporting funds to be shared between the central and local governments in a 9:1 ratio. The subsidy and support from the central government is significant, which is beneficial for activating the demand for updating existing stock and optimizing the product structure, and is bullish for industry leaders.
Duration of China's Home-Appliance Trade-In Program Poses Execution Challenges -- Market Talk
Bocom Intl: Under policy support, the home appliance replacement cycle is coming. It is recommended to pay attention to leading domestic appliance companies such as Haier Smarthome (06690).
The first round of the large-scale equipment updates and the trade-in policy for consumer goods only included 5 categories of appliances, but it has now been increased to 8 categories.
Guotou Securities: The introduction of the support policy for replacing old with new is bullish for the demand for home appliance updates.
The proportion of funds borne by the central finance in this trade-in and upgrade policy is higher, which may lead to better implementation results and is expected to stimulate the concentrated release of demand for home appliance updates. The subsidy for high-energy-efficiency home appliances is greater, which will promote the upgrading of the product structure in the home appliance industry.
Unusual direct hit | Home appliance stocks rose across the board, with Hisense Haier and Haier SmartHome rising more than 5%. The implementation of the trade-in subsidy.
The National Development and Reform Commission and two other departments recently released several measures to coordinate and arrange approximately 300 billion yuan of long-term special national bond funds to provide increased support for large-scale equipment upgrades and consumer goods trade-ins.
Hong Kong stock concept tracking | Equipment update again welcomed catalyst! These sub-sectors are expected to increase their performance growth (with concept stocks).
The National Development and Reform Commission and the Ministry of Finance have issued a notice on measures to support large-scale equipment renewal and consumer goods trade-ins.
HK stocks surge | Haier SmartHome (06690) surges more than 6% in the afternoon session. Two departments say they will allocate funds to support personal and local consumer goods for trade-ins.
Haier Smarthome (06690) soared more than 6% in the closing, as of press time, rose 6.41%, at HKD 24.9, with a turnover of HKD 0.497 billion.
Haier Intends to Continue Negotiations With Purmo Board to Make It Fully Appreciate the Merits of Haier's Superior Offer
Hong Kong stocks fluctuations | Home appliances stocks are trending lower in the morning, with sector valuation falling back. In the first half of the year, the market structure and prices of household appliances have both declined.
At midday, shares of home appliances showed a downward trend. As of press time, Hisense Ha (00921) fell by 3.30%, closing at HKD 21.95; vesync (06690) fell by 1.62%, closing at HKD 4.26; Skyworth Group (00751) fell by 1.07%, closing at HKD 2.77.
Haier Smarthome (06690.HK) received a shareholding of 0.7255 million shares from JPMorgan.
According to the latest equity disclosure information from the Hong Kong Stock Exchange, on July 19, 2024, Haier Smarthome (06690.HK) received shareholding of 0.7255 million shares from JPMorgan Chase & Co. at an average price of HKD 23.817 per share, involving approximately HKD 17.28 million. After the shareholding, JPMorgan Chase & Co.'s latest holding position is 257,497,132 shares and the holding rate has increased from 8.98% to 9.00%.
Haier invests 1 billion to expand in Africa.
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Express News | Eqs-CMS: Haier Smart Home Co.,Ltd.: Announcement on Vesting of Interests in Core Employee Stock Ownership Plan
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