HRELF - Haier Electronics Group Co., Ltd.

Other OTC - Other OTC Delayed Price. Currency in USD
2.7500
0.0000 (0.00%)
At close: 11:00AM EST
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Previous Close2.7500
Open2.7500
Bid0.0000 x 0
Ask0.0000 x 0
Day's Range2.7500 - 2.7500
52 Week Range2.2300 - 3.2600
Volume260
Avg. Volume1,957
Market Cap7.546B
Beta (3Y Monthly)1.70
PE Ratio (TTM)13.82
EPS (TTM)0.1990
Earnings DateN/A
Forward Dividend & Yield0.05 (1.76%)
Ex-Dividend Date2019-07-02
1y Target EstN/A
  • Haier Electronics Group (HKG:1169) Shareholders Booked A 64% Gain In The Last Three Years
    Simply Wall St.

    Haier Electronics Group (HKG:1169) Shareholders Booked A 64% Gain In The Last Three Years

    By buying an index fund, investors can approximate the average market return. But if you choose individual stocks with...

  • Jack Ma Is Ripping Up a $12 Trillion Stock Market
    Bloomberg

    Jack Ma Is Ripping Up a $12 Trillion Stock Market

    (Bloomberg Opinion) -- Jack Ma is riding high this week. Alibaba Group Holding Ltd., the company he founded, has won approval to forge ahead with a Hong Kong share sale that could raise at least $10 billion. On Monday, China’s largest e-commerce company logged more than $38.3 billion of purchases during its annual Singles’ Day shopping event, a new record. The rest of China’s retail sector hasn't been so lucky. Just as shoppers were placing gadgets in their carts, investors were selling their consumer stocks. In two days, Gree Electric Appliances Inc. of Zhuhai and peer Midea Group Co. tumbled 7.4% and 6.2%. That’s despite electronics companies notching a 30% rise in sales this Singles’ Day.What explains the selloff?Blame Jack the Ripper. He’s killing the most beloved trade in China’s $12 trillion stock market: a bet on consumers. The retail sector, excluding cars, has been remarkably resilient this year.Now Alibaba’s Singles’ Day has kicked off a price war. Over the weekend, Gree announced it would forgo 3 billion yuan ($427.5 million) in profit just to please China’s lonesome hearts. Its air conditioners sold for as little as 1,399 yuan, a 42% discount, both online and at the company’s thousands of retail outlets. China’s biggest electronics makers have been caught in a three-way race, so it’s little surprise that rivals from Midea to Haier Electronics Group Co. quickly followed suit.Investors were already looking at Monday’s stellar statistics with suspicion, after an alarming report over the weekend that producer prices fell again in October. Call it bad timing — blockbuster sales on the heels of dour economic data. It’s also a stern reminder that deflation still grips broad swathes of the economy.There are good reasons to like consumer stocks. They are a bet on China’s rising middle class. Companies like Gree and Midea are also highly profitable, both notching a return on equity of more than 25%. This may not last much longer, however, with falling prices spreading through China’s manufacturing sector. A full-blown price war that erodes these companies’ profitability seems inevitable. In that light, you could argue that Alibaba is a good hedge against China Inc.’s deflation problem. If consumers expect deals, they’ll only visit the company’s Taobao and T-Mall platforms more frequently. When Alibaba lists in Hong Kong later this month, mainland investors will get an opportunity to buy shares via the stock connect with Shanghai and Shenzhen. Some may well dump their consumer-stock holdings to free up money for the e-commerce company. Everyone likes a good bargain; but once price wars take hold, it can be tough to find the basement.To contact the author of this story: Shuli Ren at sren38@bloomberg.netTo contact the editor responsible for this story: Rachel Rosenthal at rrosenthal21@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Shuli Ren is a Bloomberg Opinion columnist covering Asian markets. She previously wrote on markets for Barron's, following a career as an investment banker, and is a CFA charterholder.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • Despite Its High P/E Ratio, Is Haier Electronics Group Co., Ltd. (HKG:1169) Still Undervalued?
    Simply Wall St.

    Despite Its High P/E Ratio, Is Haier Electronics Group Co., Ltd. (HKG:1169) Still Undervalued?

    The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). We'll show how you can use...

  • A Look At The Fair Value Of Haier Electronics Group Co., Ltd. (HKG:1169)
    Simply Wall St.

    A Look At The Fair Value Of Haier Electronics Group Co., Ltd. (HKG:1169)

    How far off is Haier Electronics Group Co., Ltd. (HKG:1169) from its intrinsic value? Using the most recent financial...

  • Here's Why I Think Haier Electronics Group (HKG:1169) Might Deserve Your Attention Today
    Simply Wall St.

    Here's Why I Think Haier Electronics Group (HKG:1169) Might Deserve Your Attention Today

    Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story...

  • Motley Fool

    How Can Chinese Companies Benefit From the Belt & Road Initiative?

    China's Belt & Road Initiative seeks to create new trade routes across Asia, Europe and Africa. But how can Chinese companies benefit?

  • Reuters

    BRIEF-Haier Electronics Group Says FY Profit Attributable RMB3.79 Bln

    March 27 (Reuters) - Haier Electronics Group Co Ltd : * FY PROFIT ATTRIBUTABLE RMB3.79 BILLION VERSUS RMB3.33 BILLION * PROPOSED FINAL DIVIDEND HK38 CENTS PER SHARE * FY REVENUE RMB85.25 BILLION VERSUS ...

  • Reuters

    BRIEF-Haier Electronics Group Says Li Hua Gang Relinquishes Role Of CEO

    March 27 (Reuters) - Haier Electronics Group Co Ltd : * SUN JING YAN RETIRED AS AN EXECUTIVE DIRECTOR OF COMPANY * XIE JU ZHI HAS SUCCEEDED AS CEO ALSO BEEN APPOINTED AS AN EXECUTIVE DIRECTOR * LI HUA ...

  • Reuters

    BRIEF-Haier Electronics Group Announces Acquisition Of Stake In Qingdao Haier Washing Machine

    Dec 21 (Reuters) - Haier Electronics Group Co Ltd: * HAIER ELECTRONICS GROUP CO LTD ANNOUNCES ACQUISITION OF EQUITY INTEREST IN QINGDAO HAIER WASHING MACHINE CO * DEAL FOR RMB83.7 MILLION Source text for ...

  • Huawei Arrest Shocks Chinese Executives, Haier CEO Zhang Says
    Bloomberg

    Huawei Arrest Shocks Chinese Executives, Haier CEO Zhang Says

    “What we worry about is, you can’t without reason impede a business person’s legitimate rights, even personal safety,” Zhang said in an interview in Qingdao on Monday. Huawei CFO Meng Wanzhou was detained Dec. 1 in Canada at the request of the U.S. on charges that she conspired to defraud banks so that they cleared millions of dollars in transactions linked to Iran, in violation of American sanctions.

  • Haier CEO Says Huawei Arrest Shocks Chinese Executives
    Bloomberg

    Haier CEO Says Huawei Arrest Shocks Chinese Executives

    Dec.10 -- Zhang Ruimin, chairman and chief executive officer of household appliance maker Haier Group, says the arrest of Huawei Technologies Co.’s chief financial officer Meng Wangzhou is disturbing business leaders in China. Zhang spoke in an exclusive interview with Bloomberg's Rachel Chang.