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<Research>BOCI: HAIER SMARTHOME (06690.HK) 1Q Results Pressured w/ Risks Remaining
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HAIER SMARTHOME (06690.HK) continued to face pressure in 1Q26, with revenue/ net profit declining 7%/ 15% YoY respectively, BOCI published a research report saying. Its 1Q26 results were under pressure and risks remain. In the domestic market, the effect of trade-in subsidies gradually faded, while domestic demand remained under pressure. In overseas markets, severe snowstorms in the US and foreign exchange losses arising from RMB appreciation also weighed on its results. HAIER SMARTHOME has announced multiple initiatives to enhance shareholder returns. The broker believed that this will help provide some support to the downside risk of the Company's share price before a potential inflection point emerges in 2H26. Therefore, BOCI rated HAIER SMARTHOME at Hold, with a target price of $22.8. Auto-translated by AI AASTOCKS Financial News |
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