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Haier Smart Home Passes Key Resolution at EGM
In 2024, Hong Kong stocks: The Hang Seng Index reached a new high in nearly four years, and the net Inflow of southbound funds exceeded 700 billion.
① How does the overall trend of the Hong Kong stock market perform in 2024? ② What role does southbound capital play in the Hong Kong stock market in 2024? ③ What is the perspective of Institutions for 2025?
[Brokerage Focus] SWHY anticipates that the domestic sales prosperity of home appliances will likely benefit and continue over the next 25 years, remaining Bullish on the white goods Industry Chain with both volume and price rising.
Jinwu Finance | SWHY stated that on July 25, 2024, the National Development and Reform Commission and the Ministry of Finance issued the notice on "Several Measures to Support Large-scale Equipment Renewal and Consumer Goods Replacement." The results after the implementation of the replacement policy exceeded expectations; the 2024 Central Economic Work Conference mentioned that efforts will continue to vigorously boost consumer spending and expand domestic demand comprehensively, implementing special actions to stimulate consumption, while also continually increasing support for the real estate sector. The home appliance sector is expected to benefit from the favorable sales environment over the next 25 years. The white goods sector combines "low valuation, high dividend, and stable growth" characteristics, with a high safety margin and significant elasticity in stock prices.
According to "The Big Action", Morgan Stanley reports that there has been strong utilization of the old-for-new appliance subsidy in the mainland this fourth quarter; the shareholding rating for Midea (00300.HK), Gree, and Beijing Roborock Technology is m
Morgan Stanley published a report indicating that the old-to-new replacement subsidies for household appliances in mainland China have seen strong utilization so far in the fourth quarter, with lower penetration product categories performing relatively well. Currently, market focus is on the potential extension of subsidies until 2025, which is a key driver for domestic demand. The firm maintains a Shareholding rating of "Buy" for Midea (00300.HK), Gree Electric Appliances,Inc.of Zhuhai (000651.SZ), and Beijing Roborock Technology (688169.SS), with Target Prices of 92 Hong Kong dollars, 53 yuan, and 281 yuan respectively. In terms of large household appliances, the firm's preferences are Midea first, Gree second, and finally HAIER SMARTHOME (06690.HK). The firm stated
Major bank rating丨Bank of China International: The preferred stocks in the CSI China Mainland Consumer Index are ANTA, SHENZHOU, HAIER SMARTHOME, Ctrip, and POP MART.
On December 13, Gelonghui reported that CMB International stated that due to the long-term impact of the COVID-19 pandemic on the economy, consumers have become more cautious this year. Fortunately, the government has begun addressing local government debt issues and taking measures to stimulate consumption. The bank believes that next year, the market's focus will still be on how and when the government will introduce policies to boost consumption. The bank pointed out that although there are still growth opportunities in the domestic market, the demand for innovation in the discretionary consumption Industry will further increase. At the same time, overseas markets may become readily available opportunities for leading Chinese companies. The top choices in the CSI China Mainland Consumer Index are Anta, Shenzhou, and HAIER SMARTHOME.
In the "Great Agency," CICC: Consumer encouragement policies are expected to continue to increase. It is recommended to pay attention to ANTA (02020.HK), HAIER SMARTHOME (06690.HK), YUM CHINA (09987.HK), HAIDILAO (06862.HK), MINISO (09896.HK), Old Shop Go
CICC released a report indicating that the central economic work conference will prioritize boosting Consumer spending, and it is expected that policies to encourage Consumer spending will continue to increase, thereby driving a faster recovery in consumption. It is recommended to pay attention to leading stocks in various Consumer sectors, including Kweichow Moutai (600519.SH), Anta (02020.HK), HAIER SMARTHOME (06690.HK), H World Group-S (01179.HK), YUM CHINA (09987.HK), HAIDILAO (06862.HK), MINISO (09896.HK), Yonghui Superstores (601933.SH), and Laoshan Gold (06181.
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