发帖
雷达卡
169414.pdf
(210.25 KB, 需要: 1 个论坛币)
• Upside despite strong performance. Gome’s share price has been rallying as
concern over further selldowns by its major shareholder recedes. However, we still
see upside for the stock given its good growth prospects.
• Leader in household appliances. China’s household appliance market is
powering ahead, fuelled by the wealth effect of the robust stock market and
consumers’ upgrade of living standards. As leader in the sector, Gome should
capture the boom and achieve a turnover CAGR of 38.3% for FY06-09.
• Heading towards better profitability. The negative impact of aggressive store
expansion in 2006 and acquisition of the relatively poor-performing stores of China
Paradise is fading. The integration with China Paradise has given rise to synergies
in product sourcing, network optimisation and cost cutting.
京公网安备 11010802022788号
