TC

21/11/2013 15:54

[I-bank focus]CLSA raises Haier Elec (01169) to HK$21.86

[ET Net News Agency, 21 November 2013] CLSA raised its target price for Haier
Electronics (01169) to HK$21.86 from HK$17.15 on rollover, and maintained its "outperform"
call.
It expects Haier's advantages in both the service and manufacturing sector to convert to
long-term growth in the rising e-commerce era. The research house values Haier as a
growing logistics and service platform with advantages in rural coverage, after-sales
service and inventory management.
On the manufacturing side, CLSA thinks Haier's fast inventory turnover is suitable for
e-commerce business. Further product upgrades also aid topline growth. (KL)

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