Morgan Stanley believes that there is over 80% chance that the stock price of Haier Smarthome (06690) will outperform the market within 15 days.
According to the report released by Morgan Stanley, Haier Smarthome (06690) is believed to have over 80% chance of outperforming the market within 15 days, with a target price of HK$26 and a rating of "in line with the market".
The report stated that the National Development and Reform Commission announced the plan to replace old appliances with new ones, covering 8 areas including refrigerators, washing machines, televisions, air conditioners, computers, etc. Each consumer can receive a subsidy in each area, up to 20% of the retail price. Morgan Stanley pointed out that the specific policies for direct consumer subsidies will support the growth forecast and investment intentions of major home appliance companies including Haier Smarthome.