Harvey Norman cooking with gas as housing booms

Original article by Madeleine Heffernan
The Australian Financial Review – Page: 23 : 9-Apr-15

Australian retail sales topped $A24bn in February 2015. Sales were 0.7 per cent higher than in January, and 0.4 per cent higher than the same period in 2014. UBS is upbeat about the outlook for homewares and furniture retailer Harvey Norman, due to its exposure to the residential property market. However, UBS has "sell" recommendations on grocery groups Woolworths and Metcash

CORPORATES
HARVEY NORMAN HOLDINGS LIMITED – ASX HVN, UBS HOLDINGS PTY LTD, WOOLWORTHS LIMITED – ASX WOW, METCASH LIMITED – ASX MTS, INDEPENDENT GROCERS OF AUSTRALIA, COLES GROUP LIMITED, WESFARMERS LIMITED – ASX WES, AUSTRALIAN BUFFALO INDUSTRY COUNCIL

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