china's stock traders seek comfort in appliance makers - home appliances manufacturers in china

Chinese investors believe home appliance manufacturers will profit from the stock market slump and economic slowdown. Midea Group Co.
China's biggest white goods, such as refrigerators, have rallied 15% since the Shanghai Composite Index closed at a close on Friday.
The annual low in January is almost double the benchmark measure.
Hangzhou luobai Electric Appliance Co. , Ltd.
Zhejiang Supor cooker Co. , Ltd.
For some time after hitting a record high, it has soared more than 25%.
The property boom in China's richest cities is boosting profit prospects for manufacturers of all products, from kitchen vents to air conditioners, although China's economy is growing at its slowest pace in 25 years.
And Goldman Sachs Group
Robeco said the government's measures to cool the property market have damaged opportunities for such stocks to continue to rise, and the growth in domestic consumption has made the industry a bright spot in the market.
"The demand for home appliances is very strong and the industry is now entering a high
The growth cycle, "said Victoria Mio, chief China investment officer of the Robeco Hong Kong Department, which manages $305 billion globally.
In the first quarter of this year, the average net income of Chinese white home appliance manufacturers increased by 14%, compared with an average increase of 2 in the same period.
CITIC Securities said the overall decline of listed companies 5%.
Reports of beautythan-
Sales of kitchen and bathroom appliances have increased, and profits are expected to increase by 17%, while sales networks in Supor, Zhejiang, have expanded to smaller cities, which has helped to increase revenue.
The value of houses sold in China rose 71% in three months to 870 billion yuan ($134 billion), while new-
House prices rose in 62 cities, compared with 47 in February. The pick-
Driven by cheap credit, economic growth has stabilized at 6.
First quarter 7%.
"With the surge in home sales, revenue growth for large home appliance manufacturers is expected to exceed expectations
Growth potential, "CITIC Securities analyst Venus wrote in a report on May 3.
"Small household appliance manufacturers are benefiting from the growth and expansion of consumption in the third quarter --and fourth-
And will maintain steady growth.
"After local authorities took action to remove steam from overheated markets such as Shanghai and Shenzhen, the life of the housing recovery was questioned.
"The real estate market will not contribute much to GDP this year," Kinger Lau, strategist at Goldman Sachs, said in a telephone interview in Hong Kong.
"If the good performance of the department can continue, this is still a question mark.
The rebound may have been cooling. Midea slid 7.
Friday was the highest 5% in two months, while Zhejiang Supor has fallen by 18% since setting a record in April 22.
Compared with a 14% drop in the Shanghai Composite Index, the stock is still up 20% this year.
The United States almost did not change at the close of Monday, while the watch fell by 2. 8 percent.
Supor, Zhejiang, dropped 1. 3 percent.
For Windsor Capital, there are few better options for Chinese businessmen seeking safe investment.
"Family income --
Appliance manufacturers are fairly safe in the next one to two years, and these stocks are a safe haven for investors, "said Jian Yi, chief investment officer at Windsor Capital, who said in the past year, his fund beat 95% of his peers.
"Institutional investors have too much weight on the industry.