Harvey Norman (HVN) - When Harvey meets Hockey - Quant Sell ($2.75)

Mathan Somasundaram

Deep Data Analytics

Harvey Norman (HVN) - When Harvey meets Hockey - Quant Sell ($2.75). We rate Harvey Norman as Quant Sell with Quant Target Price (QTP) of $2.75. HVN is currently trading at post GFC high multiples due to housing recovery. Recent recovery has already priced in growth improvement that has not been sustainable over the past decade. Given the performance of big retailers, new entrants and online, we do not see the HVN offering standing up to the challenge with falling currency, budget cuts and rising unemployment. (VIEW LINK)

2 topics

Mathan Somasundaram
Founder & CEO
Deep Data Analytics

Over 25 years’ experience in the finance/tech industry. Mathan has worked extensively in all parts of the finance sector (i.e. County NatWest, Citi, LIM, Southern Cross, Bell Potter, Baillieu Holst and Blue Ocean Equities). Currently Founder and...

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.


Sign In or Join Free to comment