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All investors, thanks for your valuable sharing, yes we can’t deny the fact that e commerce are growing steady but china furniture are selling it on line too either in taobao or alibaba, these revenue are also fetching better sales too. All these trader or SME are offering much better pricing. In my opinion, furniture business now are pretty much like glove industry. What you all think?
if u talking about Synergy? it is now oversold. last quarter profit is disappointed guessing it is because they are doing mega discount or even sold at loss to clear off their old inventories.
Need to observe this quarter and next quarter revenue and profit.
Synergy focus on B2C. it is a good move. at least they no need to face cost down pressure from customer and order cancellation .and they are able to explore and enter new market more easy.
Just they need to spend wisely on exhibitions and advertisements and also storage costs.
