Hisense Home Appliances Stock (OTC: HISEF)

Latest news for Hisense Home Appliances (OTC:HISEF) Stock

Hisense Home Appliances Group Co Ltd is a manufacturer of white household electrical appliances in the People's Republic of China, with eight brand names, namely Hisense, Ronshen, KELON, HITACHI, YORK, Gorenje, ASKO, and SANDEN. The company produces electrical appliances like refrigerators, air-conditioners, freezers, washing machines, and Kitchen electrical appliances. The businesses of the Company are set out as follows: HVAC Business Work; Refrigerator and Washing Machine Business Work; Automotive Air Conditioner Compressor and Integrated Thermal Management System Business Work; Smart Home Business Work; Overseas Markets for Home Appliances Business Work and Implementing the Manufacturing Work. The majority of the company's revenue is generated from China.

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Roku Inc (NASDAQ: ROKU) shares shot up over 4.5% and ViacomCBS Inc (NASDAQ: VIAC) shares were up over 2.6% at the end of the regular session on Wednesday.

What&#39;s Up With Roku, ViacomCBS Stocks

HISENSE KELON ELECTR HLDG by Hisense Kelon Electrical Holdings Co Ltd.

Hisense Home Appliances Group Co Ltd

Hisense Home Appliances Group Co (HK:0921) has released an update. Hisense Home Appliances Group Co. has announced its subscription to wealth manag...

Hisense Allocates Billions in Wealth Management Products

Hisense Home Appliances Group Co (HK:0921) has released an update. Hisense Home Appliances Group Co., Ltd. has announced the appointment of their n...

Hisense Announces New Leadership Appointments

Hisense Home Appliances Group Co (HK:0921) has released an update. Hisense Home Appliances Group Co., Ltd. has announced an updated final ordinary ...

Hisense Announces Updated Final Dividend for 2023

Hisense Home Appliances Group Co (HK:0921) has released an update. Hisense Home Appliances Group Co., Ltd. announces the appointment of Mr. Bao Yi ...

Hisense Appoints New Supervisor Amid Transition

Hisense Home Appliances Group Co (HK:0921) has released an update. Hisense Home Appliances Group Co., Ltd. successfully convened its Annual General...

Hisense Home Appliances AGM Concludes with Key Approvals

Hisense Home Appliances Group Co (HK:0921) has released an update. Hisense Home Appliances Group Co., Ltd. has announced the composition of its Boa...

Hisense Announces Board Composition and Committees

Hisense Home Appliances Group Co (HK:0921) has released an update. Hisense Home Appliances Group Co., Ltd. has provided additional details on the o...

Hisense Reveals Ownership Details in Partnership

Hisense Home Appliances Group Co (HK:0921) has released an update. Hisense Home Appliances Group Co. has announced that two of its subsidiaries hav...

Hisense Subsidiaries Invest Billions in Wealth Management

Hisense Home Appliances Group Co (HK:0921) has released an update. Hisense Home Appliances Group Co. is set for a change in its board of directors ...

Hisense Home Appliances Nominates New Director

Hisense Home Appliances Group Co (HK:0921) has released an update. Hisense Home Appliances Group Co., Ltd. has announced its 2024 third extraordina...

Hisense Announces EGM for Board Election

Hisense Home Appliances

Roku Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROKU#NASDAQ">ROKU</a>) shares shot up over 4.5% and ViacomCBS Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VIAC#NASDAQ">VIAC</a>) shares were up over 2.6% at the end of the regular session on Wednesday.

What Happened: The movement in the stock prices was fueled by a <a href="https://www.wsj.com/articles/comcasts-ceo-built-a-cable-giant-can-he-build-a-streaming-giant-11624473722?mod=searchresults_pos1&amp;amp;page=1" style="text-decoration-line:none">report</a> from The Wall Street Journal that Comcast Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCSA#NASDAQ">CMCSA</a>) CEO Brian Roberts is eyeing a possible collaboration with ViacomCBS or acquiring Roku in a bid to buttress the company&rsquo;s future in streaming.

A Comcast spokesperson dismissed the report as speculation, CNBC <a href="https://www.cnbc.com/2021/06/23/viacomcbs-roku-shares-jump-on-report-that-comcast-is-considering-deal.html" style="text-decoration-line:none">reported</a>.&nbsp;

On Wednesday evening, Roku shares rose 4.5% to $421.70 in the regular session and another 0.5% in the after-hours trading. On the same day, ViacomCBS shares closed 2.67% higher in the regular session at $41.84 and rose another almost 0.6% in after-hours trading.

Comcast shares closed 3.73% lower at $55.48 in the regular session on Wednesday and gained 0.13% in the after-hours trading.

Why It Matters: The Journal noted that Comcast subsidiary NBCUniversal&rsquo;s Peacock service is lagging rivals such as Netflix Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) and The&nbsp;Walt Disney Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) in terms of paid subscribers.

In late April, while Peacock had <a href="https://www.benzinga.com/news/21/04/20872581/comcasts-peacock-reaches-42m-subscribers-thanks-to-wwe-the-office" style="text-decoration-line:none">42 million sign-ups</a>, in May it had fewer than 10 million paid subscribers. Netflix and Disney&#39;s numbers amounted to 208 million and 103.6 million globally in the first quarter.

Comcast&rsquo;s streaming plans also span a partnership with Walmart Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) and Chinese firm Hisense Home Appliances Group Co, Ltd (OTC:<a class="ticker" href="https://www.benzinga.com/stock/HISEF#OTC">HISEF</a>) for the development of smart televisions, which could appear in stores later this year, as per the Journal.

Meanwhile, NBCUniversal CEO Jeff Shell said this month that depending on the ratings, the soon-to-be-held Tokyo Summer Olympics could be &ldquo;the <a href="https://www.benzinga.com/news/21/06/21628889/could-the-2020-olympics-see-record-profits-for-comcast" style="text-decoration-line:none">most profitable for the company.</a>&rdquo;

Read Next: <a href="https://www.benzinga.com/news/21/06/21409929/walmart-is-now-getting-into-streaming-hardware-how-will-the-move-impact-roku-partnership" style="text-decoration-line:none">Walmart Is Now Getting Into Streaming Hardware: How Will The Move Impact Roku Partnership?</a>

Photo by <a href="https://www.flickr.com/photos/149887304@N05/33394021904">roku Activate</a> on Flickr

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Hisense Home Appliances

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Latest news for Hisense Home Appliances (OTC:HISEF) Stock

Thursday, June 24, 2021