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06690 HAIER SMARTHOME
RTNominal unchange26.600 0.000 (0.000%)
Research Report

06/05/2021 15:16

{I-bank focus}Goldman lifts Haier Smart Home to HK$33

[ET Net News Agency, 6 May 2021] Goldman Sachs lifted its target price for Haier Smart
Home (HSH) (06690) to HK$33 from HK$31 and maintained its "neutral" rating.
The research house HSH reported better-than-expected 1Q 2021 revenue growth yet slightly
lower profits. With current high investor expectations, Goldman believes it may take
another 2-3 strong quarters to demonstrate sustainable execution improvement to sway
investor sentiment.
Goldman updated its 2021-25 EPS forecasts by -1.5% to +0.2% to factor in the latest
results. It now expects revenue/net profit to grow by 7.9%/42.6% in 2021 from 7.3%/43.2%
previously. (KL)

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