Kitchen electric plate weekly update 22W12- Kitchen electric: real estate is expected to relax leading low valuation

2022-07-14 0 By

Core point of view: the downward cycle of real estate, chef electric product ASP and integrated stove permeability up, is a bright spot.In the future, we can focus on: 1. The counter-cyclical adjustment of real estate policy can boost the valuation of industrial chain;2. In the process of real estate cycle clearing, the concentration degree of industrial chain is improved.It is recommended to pay attention to the low valuation of kitchen electric faucets and marketing & AMP;Channel force of high growth integrated kitchen leader.Risk tip: home appliance raw materials rise sharply;Competition in home appliance industry intensifies;Real estate industry policy tightening.(Credit: CITIC Securities)