JPMorgan downgrades Haier Smart Home and sets HKD 21.00 target for Haier Smart Home stock
Published on 10/25/2026 at 01:32 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst view and earnings date
- J.P. Morgan set a HKD 21.00 target on October 19, 2026.
- Second-quarter revenue reached HKD 78.09 billion and net income was HKD 5.66 billion.
- Haier Smart Home scheduled third-quarter results for October 29, 2026.
Haier Smart Home was downgraded to Hold by J.P. Morgan on October 19, 2026, with a HKD 21.00 price target, according to Markets Insider. The rating change shifts attention toward the companys next operating update and the evidence behind the more cautious stance.
Quarterly figures set the test
For the quarter ended June 30, 2026, Haier Smart Home reported revenue of HKD 78.09 billion, up from HKD 77.38 billion a year earlier. Net income was HKD 5.66 billion, down from HKD 6.55 billion, according to Markets Insider. The figures point to stable sales alongside weaker earnings, making margin development central to the next assessment.
Three steps since August
On August 27, 2026, MarketScreener reported that Haier Smart Homes first-half profit had fallen 14 percent. On October 15, 2026, the company announced a share repurchase program worth up to CNY 600 million, also reported by MarketScreener. The October 19 downgrade then placed a more cautious valuation beside those capital measures.
What comes next for earnings?
Haier Smart Home scheduled the release of its third-quarter 2026 results for October 29, 2026, according to MarketScreener. The report should show whether the earnings decline seen in the first half persisted into the latest quarter.
Last Xetra close
The last Xetra close was EUR 1.81 on October 23, 2026. The price context leaves the October 29 results as the next dated operating reference for the stock.
Haier Smart Home at a glance
- Company: Haier Smart Home Co., Ltd.
- Ticker: 690D.DE
- Primary exchange: Xetra
- Last Xetra close: EUR 1.81 on October 23, 2026
- Market capitalization: EUR 26.0 billion as of October 23, 2026
- 52-week range: EUR 1.76-EUR 2.16 as of October 23, 2026
- Sector / Industry: Consumer Cyclical / Furnishings, Fixtures and Appliances
Market context: Market report Shanghai Composite.
