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<Research>CMBI Axes HAIER SMARTHOME (06690.HK) TP to $28.45, Prudent on Firm Outlook
HAIER SMARTHOME (06690.HK)'s 1Q25 results slightly beat expectations, while management reaffirmed its FY2025 guidance of high single-digit sales growth and net profit growth of...
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<Research>CMBI Axes HAIER SMARTHOME (06690.HK) TP to $28.45, Prudent on Firm Outlook
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HAIER SMARTHOME (06690.HK)  -0.150 (-0.656%)    Short selling $36.01M; Ratio 10.388%   's 1Q25 results slightly beat expectations, while management reaffirmed its FY2025 guidance of high single-digit sales growth and net profit growth of over 10%, according to a research report issued by CMBI.

However, CMBI was more cautious on the outlook of HAIER SMARTHOME due to slower retail sales growth in China, higher base expected in 2H25 following the government's stimulus measures and the potential erosion of its margin as its sales growth may slow down due to the tariffs levied by the US on imported products.

Related NewsCICC: HSI Could Return to 24,000 Lv. Under Optimistic Scenario; Tariff Talks, Domestic Stimulus Clarity Needed for Medium- to Long-Term
The broker lowered its FY2025/ FY2026 net profit forecasts for the Company by 6%, and axed its target price from $36.41 to $28.45, with rating kept at Buy.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-05-08 16:25.)

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