Tony Sagami - Veteran investment advisor and a leading expert on Asian markets.

Profits skyrocket at Gome Appliance

by Tony Sagami on May 27, 2008

in Asian Market, Housing Market, Stock Market in China

Gome Electrical Appliance is the largest appliance retailer in China and business is booming.

Gome reported a
203% increase
in year-over-year profits.

Connect the dots, folks. If Gome is selling a mountain of appliances, what does that tell you about the health of the
Chinese real estate market. What does it tell you about E-House, the Century 21 of China?

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