BofA Securities: HAIER SMARTHOME (06690) strengthens shareholder returns, maintains "buy" rating

17:15 27/03/2026

Haier Smart Home's revenue and net profit after tax increased by 5.7% and 4.4% respectively year-on-year last year, while in the fourth quarter alone, they decreased by 6.7% and 39.2% respectively.

Bank of America Securities released a research report stating that it maintains a "buy" rating for HAIER SMARTHOME (06690), optimistic about its leading position in the washing machine and refrigerator market, increasing market share in the air conditioning market, and the potential to further expand profit margins through product portfolio and efficiency improvement. The firm has set a target price of 32.7 Hong Kong dollars for the company. HAIER SMARTHOME's revenue and net profit after tax increased by 5.7% and 4.4% respectively compared to the previous year, but in the fourth quarter, they decreased by 6.7% and 39.2% respectively. The company's revenue and profit margins were lower than expected. On the positive side, the dividend payout ratio increased from 48% in 2024 to 55% in 2025, and the company plans to strengthen shareholder return through increasing the dividend payout ratio and share repurchases.

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SWANGCHAICHUAN (02321) announced its annual performance, with a net profit of 33.238 million ringgit, an increase of 18.44% year-on-year.

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