2010年1月台湾消费行业研究报告

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【出版时间及名称】：2010年1 月台湾消费行业研究报告
        【作者】：野村证券
        【文件格式】：pdf
        【页数】：74
        【目录或简介】：

Contents
Fuelling consumption growth 3
Domestic consumption to benefit from export recovery 3
Government initiatives support domestic consumption 3
Investments in China to become significant earnings drivers 3
Expectations low on consumer staples names 3
Divergence in share price performance set to narrow 4
Buy UPE and PCS; Reduce FEDS 4
Stronger private consumption 6
Export engine accelerating … 6
… and consumer confidence is rebounding 6
Initiatives to boost consumption 7
Retail segment outlook 10
Steady CVS store expansion following consolidation 10
New department store opening intensifies competitions 10
Wage declines and unemployment depress discretionary spending 11
Tapping into growth in China 12
Appendix: 1 13
Demographics 13
Consumption 14
Level of debt 16
Latest company views
Uni-President 17
President Chain Store 33
Far Eastern Department Store 53

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