China Department Store Sector – Maintain OW Kevin Yin (4)
New report: Looking for the sweet spot
Golden Eagle Retail Group Ltd. (3308 HK) – Upgrade to O Vivian Zhao (5)
SSS growth rebounded in March; expansion stays on acceleration, further fuelled by Rmb2 bn loan
Sinopac Holdings (2890 TT) – Upgrade to O Chung Hsu, CFA (6)
Attractive risk-reward
UMC (2303 TT) – Maintain O Randy Abrams, CFA (7)
Accelerating cyclical lift, with new customer ramps set to come
TPK Holdings (3673 TT) – Maintain O 郛Focus list stock郛 Jerry Su (8)
New report: Multiple drivers ahead


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