terminatorpinballmachine| Big Bank Rating| Goldman Sachs: Raise Hisense Home Appliances target price to HK$35 to maintain "Buy" rating

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Goldman Sachs released a research report saying the bank attended the meeting last WednesdayterminatorpinballmachineOn the occasion of Hisense Home Appliances (000921)'s first Investor Day in Qingdao, the company's management has formulated a clear strategic roadmap for future development for each business unit. The bank believes that the strategies are to the point and success depends on strong execution. With strengthening products, expanding channels and clearer brand positioning, the management is confident that it can further increase its market share in the mainland market. The report also pointed out that the company divides all its businesses into four categories, namely, competitive advantages, catch-up potential, internal still in the early stage of development, and three power companies holding. Taking into account the more positive growth and profit prospects, especially the traditional white goods business supported by clear strategies, the bank raised the company's 2024 - 2026 earnings per share forecast by 0% to 3%, and raised its target price for H-shares from HK$31. To HK$35, maintaining a "buy" rating.