CMBI Maintains Buy Rating for HAIER SMARTHOME (06690.HK) Following Strong 3Q Results
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 05 2025
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Source: aastocks
CMBI's Cautious Outlook: CMBI remains cautious despite HAIER SMARTHOME's robust FY2026 guidance, reiterating its FY2025 outlook and expressing confidence in 4FQ25 performance.
Sales and Profit Growth Projections: Management projects high single-digit sales growth and over 10% net profit growth for 2HFY2025 and FY2025, supported by strong 3FQ25 results.
Positive 3FQ25 Results: HAIER SMARTHOME reported a 10% YoY revenue increase to RMB77.6 billion and a 13% YoY net profit rise to RMB5.34 billion, surpassing broker and market expectations.
Broker Rating and Target Price Adjustment: CMBI rated HAIER SMARTHOME as a Buy, adjusting its target price from $31.57 to $29.05 following the positive financial results.
Analyst Views on 06690
Wall Street analysts forecast 06690 stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for 06690 is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 26.360
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Current: 26.360
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
