In today’s briefing:
- Haier Smart Home (6690 HK): A Trusted Name that Delivers
Haier Smart Home (6690 HK): A Trusted Name that Delivers
- Driven by recovery of Casarte after lockdown removed and premiumisation of product and pricing, Haier Smart Home (6690 HK) should see sustained healthy earnings growth in 2H22.
- We expect room to improve gross margin sequentially as cost pressure subsides in 2H22. Meanwhile, overseas markets still present good expansion opportunities.
- Premium valuations are justified by its brand strength, global presence and strong execution capability. Healthy 1H22 should clear market’s concerns on impact of weak property market.
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