海尔智家：A rosy 4Q24E with mid-term reform announced

30 Oct 2024 CMB International Global Markets | Equity Research | Company Update Haier Smart Home (6690 HK) A rosy 4Q24E with mid-term reform announced Haier's 3Q24 results were roughly inline, but we do have high hope of a decent pick up in 4Q24E, thanks to favorable "old for new" trade in subsidies in China and interest rate cut in the US. But more importantly, we are once again, impressed by Haier's ability to gain efficiency and save costs in both short and long run. We are confident on its 15% net profi ...