[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)