1Q24 was slow but end-demand is healthy

M N 26 Apr 2024 CMB International Global Markets | Equity Research | Company Update Vesync (2148 HK) 1Q24 was slow but end-demand is healthy 1Q24 sales growth was slow but net profit should still be strong. Thanks to the Target Price HK$6.79 healthy sell-out growth and the less-than-one-month Amazon channel inventory, (Previous TP HK$6.71) plus the upgrades in products (e.g., Turbo Blaze air fryer, Dual Zone air fryer, Up/Downside 56.8% the pet-friendly air purifier and vacuum cleaner), orders growth should ...