CLSA has released a research report reiterating an "Outperform" rating on Haier SmartHome (06690). Considering the strong support from recovering overseas demand, the firm raised its A-share target price for Haier SmartHome (600690.SH) from 32 Chinese yuan to 34 Chinese yuan, and increased its Hong Kong stock target price from 30 Hong Kong dollars to 32 Hong Kong dollars. As the impact of home appliance replacement policies continues to fade, Haier SmartHome's revenue growth in China is expected to slow to low single digits by 2026. However, CLSA remains confident about the expansion of Haier's domestic gross margin, citing the company's ongoing efforts to streamline product models and enhance channel efficiency. The report noted significant uncertainties in the U.S. market, suggesting that revenue growth could accelerate substantially if new policy changes successfully stimulate housing supply. Haier's revenue growth in the U.S. is projected to accelerate from low single digits in 2025 to mid single digits in 2026.