Stimulate domestic demand in the central to the maintenance of the policy background, the Chinese-funded
Home Appliances Shares, including domestic TV Brand sales due to the recent substantial increase in market share in the global surge in the same time, "
Appliances to the countryside "Policy next year will be coded, also affected the stock price soared, reaching new heights: one
Hisense Kelon (00921.HK) the day before yesterday, following a record high of more than 5 years later, again to refresh the record yesterday, a large rose 11.40 percent to 3.91 Hong Kong dollars; Haier Electrical Appliances (01169.HK) and Skyworth
Digital (00751.HK) is listed on two consecutive days reaching a new high.
However, despite the existence of the plate is still good, but the industry said the policy led by the surge of such plates, the current valuations are too high, hype means very concentrated, there are certain high-risk chase.
Appliances for two months leading to double
Benefit from the mainland to "home appliances to the countryside" policies and appliances
TM to Ideal sales, Chinese home appliances stocks impressive performance yesterday, soared across the board. Hisense Kelon the following day before the Hong Kong dollar hit 3.57 over 5 years high yesterday and again to refresh the record, soared 11.40 percent to 3.91 Hong Kong dollars; Haier yesterday hit an intraday high of 4.75 Hong Kong dollar market, turnover 2.2 billion, to close at 4.72 Hong Kong dollars or 9.51 percent, this is the second day of the stock this week to record a new high since listing; stock yesterday announced that Haier Group informed by the parent company, is likely to Qingdao Haier [24.494.26% ] the sale of about 31.93% stake in Haier Electronics consultations, if the transfer of shares carried out, Qingdao Haier will hold more than 50% stake in Haier Electronics, but the two sides have not reached agreement on the terms of the transfer of shares. Also listed a new record high for two consecutive days were Skyworth Digital, yesterday listed a record high of 7.33 yuan to close at rose 6.40%; the company's results will be announced today, previously issued a profit warning, rose more than 4 times the estimated medium-term profitability.
TCL Multimedia [7.917.77%] (01070.HK) also rose 7.77 percent to 7.91 Hong Kong dollars.
In fact, since entering the fourth quarter, the capital of two appliances share the limelight without a moment: One of the strongest increases in Haier Electronics, October and up to yesterday, an increase of more than 180%; while Hisense Kelon and Haier Electronics shares were also doubled; the trend of the most backward cumulative increases in TCL Multimedia is also over 70%! Hang Seng Index over the same period increased only about 5% of the state-owned enterprises index rose about 10% are indeed significantly outperform.
Valuation is too high risk looming
Department of Commerce statistics show that total sales this year and home appliances
Sell Have almost doubled the amount of sales of 40 billion yuan, the central market is expected to stimulate domestic demand in the future will continue to promote further economic growth. At the same time there is news that the policy next year will be coded home appliances to the countryside, including the abolition of the ceiling, out of sales of less successful enterprises, and increase regional pilot projects and subsidies. Hai Tong Securities [16.553.05%] (Hong Kong) Investment Advisory vice president Guojia Yao said, remain optimistic about the future of home appliance sector, he pointed out that the economy had stabilized, the external circumstances, the export has not increased, the central authorities will support domestic demand is estimated first task, the central or the policy will be introduced to improve the amount of subsidy ceiling, I believe sales will be further enhanced so as to bring more wealth in this industry revenue and profits.
However, the East Ji Asset Management fund of funds manager Chen Rongzhao opposite. His analysis, in the home appliance sector has strong capital sharp rise is due to the policy that the mainland will continue to stimulate domestic demand by 2010 to boost the mainland's economic development, coupled with the impact of the recent incident as Dubai, sufficient funds turn pushed up against the market external risk factors sections, appliance unit is one of them. Chenrong Zhao said, "home appliances to the countryside" policy introduced a long time, not just announced the new policy, but significantly pushed up the plate is still an occasion to reflect the speculation is very concentrated flavor. Unit currently has a large household appliances increases, the stock has gone beyond the basic factors, the valuation is too high, investors have been chasing another high-risk.
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