The Zhitong Finance App learned that Goldman Sachs released a research report stating that it maintains the “buy” rating of Hisense Home Appliances (00921.HK), with a target price of HK$26. The bank pointed out that the company's third-quarter results fell short of expectations, mainly dragged down by weak domestic demand and cost inflation. Total revenue and net profit fell 9% and 74% year-on-year respectively, 4% and 67% lower than the bank's expectations. Goldman Sachs believes that the market may react negatively to the company's third quarter results, but the weak domestic demand situation in the third quarter is fully understood by the market and is partly reflected in the current valuation.
Zhitongcaijing · 3d ago
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The Zhitong Finance App learned that Goldman Sachs released a research report stating that it maintains the “buy” rating of Hisense Home Appliances (00921.HK), with a target price of HK$26. The bank pointed out that the company's third-quarter results fell short of expectations, mainly dragged down by weak domestic demand and cost inflation. Total revenue and net profit fell 9% and 74% year-on-year respectively, 4% and 67% lower than the bank's expectations. Goldman Sachs believes that the market may react negatively to the company's third quarter results, but the weak domestic demand situation in the third quarter is fully understood by the market and is partly reflected in the current valuation.
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