Yamashiro: Lower the target price of Haier Smart Home (06690.HK) to 27 Hong Kong dollars, and reiterate the "buy" rating.

According to the Wise Finance APP, Daiwa released a research report stating that Haier Smart Home (06690.HK) management confirmed its guidance for this year, with sales growth in the high single digits and profit growth in the double digits. The company is on track to achieve strong domestic sales growth in the second and third quarters as planned. Management also stated that the impact of tariffs is controllable, with the key mitigating factors being the increase in average selling price and localization of the supply chain. The bank reiterated its "buy" rating on the company, stating that the recent pullback in stock price provides a good entry opportunity, and has reduced the target price from 33 Hong Kong dollars to 27 Hong Kong dollars.