JONATHAN JACKSON | KILLIK & CO
Philips is well positioned to take advantage of increasing income levels and the expansion of the middle class. In addition, its healthcare and lifestyle products play to the trend of an ageing population driving increased spending on health and well-being. ‘Buy’.
VICTOR BARENO | SNS SECURITIES
TPV Technology was a logical partner, as it was one of Philips’ most important outsourcing partners. The key was to get the TV business off the company’s profit and loss sheet. In Europe, austerity measures have some impact in Southern Europe and the UK but Northern Europe is on track.
MARTIN PROZESKY | SANFORD BERNSTEIN
My expectation is that it is not likely to get a lot of value out of the joint venture. The TV business would probably continue to lose market share, but the deal is positive on the whole.