KOREA: INDUSTRY: RETAIL Apparel: Recommendation: Overweight
With consumer credit under control, currency stabilized (relative), mild spring causing excess demand build up, and strong cyclical demand in Asia (and in particular Korea) for consumer retail apparel, recommendation is to over-weight consumer retail in the next month.
The Korean economy itself may not yet be on a path of recovery, but there are still good plays to be found.
Recommendation:
AmorePacific (Target: W$320,000)
Hyundai Department Stores (Target: W$55,000)
The Korean economy itself may not yet be on a path of recovery, but there are still good plays to be found.
Recommendation:
AmorePacific (Target: W$320,000)
Hyundai Department Stores (Target: W$55,000)
posted by howa at
4/25/2005
