Lyon: Raise the target price of Haier Smart Home (06690) to HK$26 to renew the “Outperform the Market” rating

The Zhitong Finance App learned that Lyon released a research report stating that it maintained the Haier Smart Home (06690) “outperforming the market” rating and raised the target price from HK$25 to HK$26.

Haier Smart Home's second-quarter sales increased 1.4% year over year, but net profit fell 13.5% year over year, mainly due to foreign exchange losses. The bank raised Haier Smart Home's net profit forecast for 2026-28 by 0 to 7% to reflect the improved cost efficiency of digital transformation. It also raised its revenue forecast by about 2% in response to the company benefiting from the restructuring of the HVAC business and overseas inventory replenishment.