Guolian Securities: Maintain "Recommended" Rating for the Household Appliance Industry, Sector Benefits from Appreciation Boosting Inflow of Foreign Capital.

Guolian Minsheng Securities released a research report stating that a turning point is in sight and maintaining a "recommended" rating for the home appliance industry. Although the nominal exchange rate appreciation has some constraints on the recovery slope of exports and external profit, the leading brand pricing, overseas production capacity, and foreign exchange hedging smooth fluctuations have limited impact; in addition, the sector's openness to A-share market may benefit from the influx of foreign capital driven by appreciation. In terms of targets: 1) Recommend high-quality and high-dividend white goods leaders; 2) Recommend leading players in the television industry with increased market share and profit center; 3) Recommend leading robotic vacuum cleaner company leading the world; 4) Recommend increasing market share and actively expanding overseas.