Making sense of the Global Market, Euromonitor International Ltd.

Yu Mitsuhashi

Making sense of the Global Market

Euromonitor International Ltd.

We are a global market research company focused on industries, countries, economies and consumers worldwide. Our cross-country comparable research helps your organisation identify opportunities and develop growth strategies in countries and regions across the globe. With offices around the world, 1,200 analysts in 100 countries and market research on every key trend and driver, we give you powerful access to the real story behind consumer change.

Thematic (Sector/Industry)

<ul><li>In 2017 volume sales rise by 3% to approach 5.4 million units</li><li>Freestanding appliances continue to outperform built-in models</li><li>Freestanding washer dryers records the strongest volume growth of 5%</li><li>Average unit price declines by 1% in current terms due to heavy promotional activity</li><li>Indesit remains the leading player with a volume share of 27%</li><li>Volume sales of home laundry appliances set to remain flat over the forecast period</li></ul>

In 2017 volume sales rise by 3% to approach 5.4 million unitsFreestanding appliances continue to outperform built-in modelsFreestanding washer dryers records the strongest volume growth of 5%Average unit price declines by 1% in current terms due to heavy promotional activityIndesit remains the leading player with a volume share of 27%Volume sales of home laundry appliances set to remain flat over the forecast period

Sector Capsule: Home Laundry Appliances in the United Kingdom

<ul class=""><li>Refrigeration appliances grow 3% in volume terms to reach 1.7 million units in 2017</li><li>Innovation drives sales and technology drives retail price</li><li>Freezers record the highest volume growth of 4% in 2017</li><li>The average unit price of refrigeration appliances declines slightly in 2017</li><li>Toshiba Thailand Co Ltd maintains its lead position with a 22% volume share in 2017</li><li>Refrigeration appliances are expected to record a volume CAGR of 4% over the forecast period to reach 2.0 million units in 2022</li></ul>

Refrigeration appliances grow 3% in volume terms to reach 1.7 million units in 2017Innovation drives sales and technology drives retail priceFreezers record the highest volume growth of 4% in 2017The average unit price of refrigeration appliances declines slightly in 2017Toshiba Thailand Co Ltd maintains its lead position with a 22% volume share in 2017Refrigeration appliances are expected to record a volume CAGR of 4% over the forecast period to reach 2.0 million units in 2022

Sector Capsule: Refrigeration Appliances in Thailand

<ul><li>In 2017, refrigeration appliances records volume growth of 7% to reach 2.5 million units</li><li>Strong growth in construction sector boosts demand for refrigeration appliances</li><li>Electric wine coolers/chillers sees highest (9%) growth from a low base whilst the largest category fridge freezers records 7% growth in 2017</li><li>In 2017, the unit price of refrigeration appliances rises slightly by 1%</li><li>Haier Electrical Appliances Vietnam leads with a 34% volume share in 2017</li><li>Over the forecast period, this category is expected to see volume sales rise at a CAGR of 4%</li></ul>

In 2017, refrigeration appliances records volume growth of 7% to reach 2.5 million unitsStrong growth in construction sector boosts demand for refrigeration appliancesElectric wine coolers/chillers sees highest (9%) growth from a low base whilst the largest category fridge freezers records 7% growth in 2017In 2017, the unit price of refrigeration appliances rises slightly by 1%Haier Electrical Appliances Vietnam leads with a 34% volume share in 2017Over the forecast period, this category is expected to see volume sales rise at a CAGR of 4%

Sector Capsule: Refrigeration Appliances in Vietnam

<ul><li>In 2016 volume sales of refrigeration appliances grow by 2% to reach 2.1 million units</li><li>Samsung launches the Family Hub premium refrigerator, which is equipped with the latest IoT technology</li><li>Electric wine coolers/chillers the best performing category with volume growth of 3%</li><li>Premiumisation drives unit price growth in 2016</li><li>Samsung Electronics remains the leading player with a 42% volume share, very closely followed by LG Electronics</li><li>Over the forecast period refrigeration appliances set to record a volume CAGR of 1% to exceed sales of 2.2 million units in 2021</li></ul>

In 2016 volume sales of refrigeration appliances grow by 2% to reach 2.1 million unitsSamsung launches the Family Hub premium refrigerator, which is equipped with the latest IoT technologyElectric wine coolers/chillers the best performing category with volume growth of 3%Premiumisation drives unit price growth in 2016Samsung Electronics remains the leading player with a 42% volume share, very closely followed by LG ElectronicsOver the forecast period refrigeration appliances set to record a volume CAGR of 1% to exceed sales of 2.2 million units in 2021

Sector Capsule: Refrigeration Appliances in South Korea

Technical Analyst, Vermilion Research

Joe Jasper

Technical Analyst

Technical and Quantitative Research

Vermilion Research

Vermilion’s objective is to deliver timely, actionable, and unique technical research to professional investors through the application of our various technical indicators.

Our research strategists seek to highlight securities which we believe are at major inflection points, based on our various technical and quantitative indicators, and offer asymmetric risk/return profiles. Our unique research methodology, centered on relative strength, enables our strategists to deliver superior investment recommendations.

Our process begins by organizing the universe of actively traded stocks into discrete sectors, then into industry groups. We then apply our technical and quantitative tools to identify developing price trends. Once attractive trends are identified within a selected sector or group, we screen for individual stocks which we believe offer the best risk/reward profile. We provide a historical perspective that often reveals, through our long-term charts, how price patterns often repeat themselves over time.

Technical Analysis

MSCI Emerging Markets Index / Technical Analysis

Asia is leading EM higher.  In this week's Chart Book, we highlight the following themes and actionable charts: <ul><li>Overweight Asia. In today’s report we highlight a broad array of actionable names within the Asia region ... see pages 3-6</li><li>Indian banks are breaking out. India’s state banks broke out last week in response to the government’s announcement of a $32.5 billion recapitalization plan. Actionable ideas: Punjab National Bank (532461-IN), State Bank of India (500112-IN), ICICI Bank (532174-IN)... see page 2</li><li>Leading Sectors. EM sectors exhibiting attractive relative strength trends include: consumer discretionary, energy, financials, health care, materials, and tech. This (mostly) cyclical line-up supports a risk-on outlook. When defensive sectors exhibit improving relative strength, then we’ll turn cautious on EM’s advance.</li></ul>

Asia is leading EM higher.  In this week's Chart Book, we highlight the following themes and actionable charts: Overweight Asia. In today’s report we highlight a broad array of actionable names within the Asia region ... see pages 3-6Indian banks are breaking out. India’s state banks broke out last week in response to the government’s announcement of a $32.5 billion recapitalization plan. Actionable ideas: Punjab National Bank (532461-IN), State Bank of India (500112-IN), ICICI Bank (532174-IN)... see page 2Leading Sectors. EM sectors exhibiting attractive relative strength trends include: consumer discretionary, energy, financials, health care, materials, and tech. This (mostly) cyclical line-up supports a risk-on outlook. When defensive sectors exhibit improving relative strength, then we’ll turn cautious on EM’s advance.

EM Technicals: Overweight Asia; Indian Banks Are Breaking Out; Bottom-Up Ideas

Hong Kong

Haier Electronics Group Co Ltd and its subsidiaries are principally engaged in the research, development, manufacture and sale of washing machines and water heaters in the PRC. The Group is also engaged in the integrated channel services  business for other home electric appliance products such as refrigerators, televisions and air-conditioners.

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Haier Electronics Group Co (1169 HK)

Sector Capsule: Home Laundry Appliances in the United Kingdom

In 2017 volume sales rise by 3% to approach 5.4 million units Freestanding appliances continue to outperform built-in models Freestanding washer...

Euromonitor International Ltd.

Sector Capsule: Refrigeration Appliances in Thailand

Refrigeration appliances grow 3% in volume terms to reach 1.7 million units in 2017 Innovation drives sales and technology drives retail...

Euromonitor International Ltd.

Sector Capsule: Refrigeration Appliances in Vietnam

In 2017, refrigeration appliances records volume growth of 7% to reach 2.5 million units Strong growth in construction sector boosts demand for...

Euromonitor International Ltd.

Sector Capsule: Refrigeration Appliances in South Korea

In 2016 volume sales of refrigeration appliances grow by 2% to reach 2.1 million units Samsung launches the Family Hub premium refrigerator, which...

Euromonitor International Ltd.

EM Technicals: Overweight Asia; Indian Banks Are Breaking Out; Bottom-Up Ideas

Asia is leading EM higher. In this week's Chart Book, we highlight the following themes and actionable charts: Overweight Asia. In today’s...

Vermilion Research

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