Related information: GOME third quarterly bulletin published next week

Investment Bank increased the target price, says the GOME Chen Huang reconciliation taken the first step

Monday, GOME three quarterly results will be published.

31 October, competitors suning appliance release quarterly reports show that during the third quarter of this year, a net increase of chain stores in China, face 131 set calendar quarter shop new records; the first three quarters of total net profit 28.3 billion yuan, an increase of 43.58%.

As of now, the new entry this year suning 23 prefecture-level city above, a net increase of chain stores, in mainland 265 chain total 1206, global head store number 1235.

GOME interim results, they owned in the first half of 2010, non-listed part of a total of 372 home stores, listing the number of stores to 740, large appliances in the home, a total of 53 1165.

The GOME from September start accelerating pace of expansion, the three quarterly shop data also will be a cause for concern. In early September, GOME announced September GOME new open shop and a new mode of total number of stores reached 160 home.

Beautiful Silver Merrill Lynch research report delivered yesterday, I believe that the Group and former Chairman Huang guangyu reconciliation taken the first step, the message will help market value of the United States.

Beautiful Silver Merrill reiterated on GOME "buy" rating, and raised its target price from $ 3.3 2.6 dollars, equivalent to predict 2011 19 times earnings.

The row that reconciliation as a first step, to show the big shareholder intends to continue to support United States listed companies, but he believes that the future is still a long way to go.

Prior to this, Deutsche Bank also reiterated in the report on the "buy" the United States investment rating, target price HK $ 3.73.