【出版时间及名称】：2010年1月欧洲个人日用品行业研究报告
        【作者】：摩根大通
        【文件格式】：PDF
        【页数】：60
        【目录或简介】：
Table of Contents
Investment Thesis: A mixed 2010 ...........................................3
Earnings and Valuation............................................................6
Macroeconomic data and the consumers............................13
Input cost inflation returning in H210 ...................................14
FX pressure easing ................................................................15
M&A on the rebound ..............................................................16
Beiersdorf ...............................................................................20
Givaudan.................................................................................22
Henkel......................................................................................24
L'Oréal .....................................................................................26
Oriflame...................................................................................28
Reckitt Benckiser ...................................................................30
SCA..........................................................................................32
Unilever NV/Plc.......................................................................34
Valuation Methodology and Risks ........................................36