Jessie Qian Bullish On Luxury Retailers, Noting High-End Shops Were "A Lot More Disciplined" In Discounting Than Mass Market#
This week, Jessie Qian, an analyst at Macquarie Securities Ltd., spoke to Bloomberg Television in Hong Kong about her Chinese retail investment strategy for the year ahead. According to Qian, high-end retail, rather than the mass market, is the place to be this year in terms of investment, since mass market retailers were much more liberal in their discounting last year and relative consumer skittishness in 2009 has created what she calls "pent-up demand" in the high-end segment.
Among Hong Kong-listed companies, Qian points out that she is most optimistic about Golden Eagle (香港证券交易所) and Lifestyle International (better known as Sogo: 利福国际集团有限公司).