Citigroup 花旗：中印两国消费品及零售行业深度研究

20 April 2007 | 96 pages

Consumption Function China’s Performance, India’s Potential

Contents
Regional consumer – key points & top calls 3
Regional Consumer Sector View 4
Indian retail: wide open window of opportunity… 7
Recognizing tomorrow’s middle classes 12
India hindered by infrastructure bottlenecks 20
Featured Company 22
Pantaloon (PART.BO) 23
Shoppers Stop (SHOP.BO) 44
Quant View 55
Company Snapshots – Top Picks 60
Li & Fung (0494.HK) 61
Hindustan Lever (HLL.BO) 63
Hite Brewery (000140.KS) 65
Noble Group (NOBG.SI) 67
Golden Eagle Retail Group (3308.HK) 69
ITC (ITC.BO) 71
Tingyi (0322.HK) 73
Tsingtao (0168.HK) 75
LG Household & Health Care (051900.KS) 77
Asia Consumer Sector Valuation 79
Appendix A-1 82