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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As of now, most luxury stores are still concentrated in Tier-1 and Tier-2 cities in China, based on our review of 24 luxury brands network. This contrasts with Chinas hyper GDP per capita growth. Smaller jewellery brands are also set to vie for market share in the third and fourth-tier cities, according to Liu Jianhua, deputy secretary of the Diamond Division of the Gems and Jewellery Trade Association of China. Louis Vuittons biggest customers are already Chinese buyers.

For example, a pack of premium puerh tea from the s sold for Rmb13, in an auction, which is almost Rmb40 per gram. It was reported that the competition drew 50, Chinese applicants including girls from Vancouver, Singapore, New York and Paris.

Geographical differences play a role: This is a tradition that the Chinese highly value and at the same time it also says how unique you are. There may be wider offerings in the country of origin and sometimes there may be limited editions overseas for special occasions. Overseas purchases Shopping overseas can be cheaper because of the higher import duties and other taxes in China see Section 2 for more.

While for cosmetics, because of the time it takes to get import approvals, mainlanders can always buy the newer collections in Hong Kong. This is not intended to provide professional, investment or any other type of advice or recommendation and does not take into account the particular investment objectives, financial situation or needs of individual recipients.

Willingness to pay a big premium Chinese consumers are willing to pay extra for luxury. The luxury market in mainland China is still largely male-dominated given the gifting culture and workforce demographics. Although domestic firms, like Shanghai Jahwa, are trying to break into the premium segment, their success so far is still primarily coming from the mid-market. China Reality Research 1 1 1 2 2 3 3 4 14 No.

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While for luxury cars, consumers in the age group are more dominant. It also comes with the luxurious feeling of travelling to shop.

But because of its connections with Hermes, they have more media coverage in the West. Demand is so strong and the collection is so rare that we learnt each interested buyer would have to file an application form listing his personal information and occupation.

While the shoppers in Tier cities tame their budgets on luxury purchases, Tier-3 city consumers plan to keep their luxury spending budget at about the same level. As gold prices skyrocket, Japanese investors sold back 68 tonnes of gold in the past 12 months, offsetting the 21 tonnes demanded for jewellery consumption. More than half of the sales for these companies are derived from apparel, accessories and prestige cosmetics. Younger and richer customers Hurun Research shows that mainland Chinese millionaires are 15 years younger golld their overseas peers.

Nonetheless, we have a very positive medium-term view on organic growth and acquisition opportunities. The royal families that are still in place in some countries in Europe also add some spice to the fairy tale. This is a big positive for top players including watch and jewellery retailers from Hong Kong as well as global brand names such as Hermes, Louis Vuitton, Prada and Gucci.

China to be worlds largest luxury goods market glld 20CL Section 1: Leading watch retailer in Hong Kong. WEZ3, 20 Source: For example, top-notch luxury tea. Many surveys in the past have named Ports as a top-five luxury apparel brand in China alongside names such as Chanel, Louis Vuitton, and Christian Dior.

The Red Eight and the Chinese customer Luxury goods Travel is key threat for retailers The 31 store managers we surveyed also named overseas demand as the top competitive force in luxury skincare and accessories.

Getting one of these limited models is a way to show your influence and connections. An upcoming younger product line may well be dlsa strong catalyst. It is lcsa about the cls, but about how important you are, even to luxury companies that are already serving the most dippedd.

Euromonitor estimates that China Reality Research Executives from top luxury watch retailers told us dipoed part of the reason Rolex is so popular is because Chinese consumers view it as almost hard cash given the liquid second-hand market.

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Chinese to buy 44% of luxury goods by 2020: CLSA

Hong Kong Japan Europe S. This is a big positive for top players including watch and jewellery retailers from Hong Kong as well as global brand names such as Hermes, Louis Vuitton, Prada and Gucci. But we are only at the start of this golden opportunity. Top-three jewellery retailer in China trading on only 12x consensus earnings. The report, titled Dipped in Gold, identified rising personal incomes, social aspirations and more stores as the main drivers that will significantly boost luxury consumption in the country.

As expected, the vast majority live in the coastal regions and top-tier cities. For a country whose gold production in ib first four months of reached From head to toe Luxury goods ornaments and starlight roofliners that depict astrological signs. Rolex is almost synonymous with luxury watches in China.

Market segmentation is defined by ASP of a suit: There are more than 50 in Japan. Ib is a meaningful adjustment as Hong Kong is the largest Swiss dilped importer in the world. Audi is also the biggest supplier of official cars in China. We expect very strong December Hong Kong retail sales and believe the company will beat consensus estimates.

Without limiting any of kn 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. This is a meaningful adjustment for the purpose of achieving as conservative a result as possible, as Hong Kong is the largest importer of Swiss made watches in the world imports are 3x larger than China.

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

The tourism office in the US only started breaking out mainland tourists this year. Company website With communist leaders Mao Zedong, Deng Xiaoping, and Zhou Enlai reportedly having worn its watches, Shanghai Watch has built up brand recognition on the mainland. Mens ready-to-wear is [] a dippe seller, which is quite unusual.