It is an easy to understand business with fortress balance sheet and high cash generation capacity. Haier Electronics (HRELF) is a homegrown brand success from China that has successfully migrated to premium consumer durable products. The privatization proposal from the parent could help bridge the gap for valuing cash.
I am positive on the company, considering its leadership position in the washing machine segment, and the growth potential of the water purifier and water heater markets. I see the potential privatization, announced in December 2019 by its parent, Haier Smart Home (600690) as a near-term