A recent Morgan Stanley report has revealed its belief that HAIER SMARTHOME (06690.HK) +1.100 (+4.472%) Short selling $185.00M; Ratio 24.722% has an over 80% chance to outperform the market in 15 days. It set the TP at $26 with an Equalweight rating.
China's National Development and Reform Commission (NDRC) released a consumer trade-in program, covering 8 segments including refrigerators, washing machines, TV, air conditioners, and computers. Each consumer is eligible for subsidy on one item in each of the 8 segments, up to 20% of the retail price.
Morgan Stanley sees such concrete policy on direct consumption subsidy a support to its growth forecast and investment sentiment for major home appliances players including HAIER SMARTHOME.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-07-25 16:25.)
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