CLSA DIPPED IN GOLD PDF

Luxury goods Aaron Fischer, CFA Regional Head of Consumer and Gaming Research [email protected] () Contents. MUMBAI: CLSA has maintained sell rating on Bank of India and lowered target price to Rs 90 from Rs citing weak asset quality and return. The other one of course is the fact that there is that dip come by in the GST tax collections and the government has already announced a higher.

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里昂证券 浸上黄金:中国的奢侈生活方式 CLSA-Dipped in Gold luxury lifestyles in china and hk_图文_百度文库

We expect to see very strong demand from Greater Chinese in the next 10 years. The company holds retail stores and factory outlets in North America. Gold and jade are the most popular jewellery items. Antique furniture is also popular among the Chinese rich.

Hong Kong Japan Europe S. Watches and jewellery top luxury wish clza Chinese consumers love watches and jewellery for their intrinsic value and accessories are great vehicles to display wealth and success. Emperor Watch and Jewellery is another high-end watch and jewellery retailer in the region. As Leo Lui, president of Hermes China, has said: China Reality Research 80 aaron. Without limiting any of the foregoing, in no event shall MSCI, any of its affiliates or any third party involved in, or related to, computing or compiling the information have any liability for any damages of any kind.

With girl power also growing, luxury handbags are rapidly catching up. Unlike in the USA and Europe, people in Asia do not show off their houses, which tend to be relatively small on a global basis.

The strong demand intensifies competition in the luxury space clza than domestic expansion of competitive brands.

Key factors include a percentage of earnings derived by the Chinese including overseas demand – as this is the fastest-growth segment; b brand owner versus distributor – which has an impact on long-term earnings sustainability; c product mix – weighting to mid- to high-end price points, which will grow faster; d valuation – determining whether all the good news is priced in; and e investability – market cap and average trading volume. This has occurred in many lower or mid-priced segments where the OEM manufacturer transformed into the brand owner.

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These Asian companies have developed the manufacturing or sourcing expertise for some of these items not all so it would seem natural to integrate or acquire brands.

China luxury primer (dipped in gold) clsa () – [PDF Document]

The Red Eight and the Chinese customer Luxury goods These events had a significant impact on luxury-goods sales and stocks. More importantly, Chinese consumers highly value jewellery brands and retailer reputation. See our 8 December report Tailored for success. In most other markets, its womens ready-to-wear that sells.

Dipped in gold, China to be world’s top luxury market – CLSA

While Salvatore Ferragamo saw sales doubling forecasts at its new store at Beijing airport. European brands dominate Luxury goods Catering to Asian tastes Global collections Most luxury-goods companies offer the same product range globally and there is not much tailoring to specific markets.

Big brands in China include Zegna and Dunhill. Hong Kong is the largest single market worldwide for Richemont. The Red Eight and the Chinese customer Luxury goods Watches and jewellery are great for displaying wealth, gifting, and collection 5. Figure 11 Figure 12 Geographic breakdown Category breakdown – global Taiwan1.

The information, opinions and estimates herein are not directed at, or intended for distribution to or use by, any person or entity in any jurisdiction where doing so would be contrary to law or regulation or which would subject CLSA to any additional registration or licensing requirement within such jurisdiction.

Generally, the affluent Chinese are younger with a greater desire to display their wealth and success. MasterCard estimates that there may be about million credit cards in circulation insurpassing the United States, which currently has million.

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Shangri-La Asia is also targeting to develop one there in and InterContinental is planning a 2,room hotel within three years. Unlike other Western markets, fragrances are not a major segment in China.

This contrasts with Chinas hyper GDP per capita growth. The Chinese Academy of Social Sciences forecasts that by24 million Chinese men of marrying age could see a shortage of brides, partly because of the one-child policy.

Shang Xia already has a collection that is affiliated with porcelain techniques from Jingdezhen. What are the reasons why consumers buy your brand? The Hurun Research Institute estimates that the number of individuals with personal wealth of more than Rmb10m in China has increased 6.

They try to promote the best craftsmanship of both China and other countries. Dippedd car sales in China are on fire. Giorgio Armani, Gucci, Boss Jewellery: Brand-name watches are also a Chinese favourite for personal use, gifting and collection.

The rich are getting richer a Economic drivers Mainland China has seen a booming population of high net worth individuals. As we should expect in this fast-growing market, investment levels are high, channels are segmenting, brands are innovating, and distribution is evolving fast.

L’Occitane, the French beauty product maker that went public in the city last year, has enjoyed a 40 percent rally in cosa share price since its Hong Kong IPO.

Chinese consumers also love craftsmanship. China Reality Research Chinese wealthy like longer cars Rich individuals from China also prefer longer cars that appear more extravagant and easier for those who would like to be chauffeured.

According to its website They love to travel overseas and are willing to dippde out for their friends and family, with watches and jewellery being the most popular purchases.