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商业零售股集五大题材于一身:·未来人均收入的增长和城市化的加快将有力驱动消费需求尤其是零售额持续增长;·“谁获得渠道的支持,谁就将赢得市场”,商业企业拥有的渠道价值日趋显著。·受现有会计制度约束,零售商必须对其资产进行折旧,这加深了资产被低估的程度。·从并购案例可以看出,海外产业资本对中国零售企业的收购远高于市价,应具有较高的估值,·尽管各家基金公司对零售类持仓比例有明显上升,但增持的空间仍相当大。
The retail retail sector is set in one of five major themes: • Future growth in per capita income and urbanization will strongly drive consumer demand, especially retail sales. • “Who wins the market with the support of the channel,” and commercial enterprises own The value of the channel is increasingly significant. • Subject to the existing accounting system, retailers must depreciate their assets, deepening the underestimation of assets. · As can be seen from the merger and acquisition case, the acquisition of Chinese retail enterprises by overseas industrial capitals is much higher than the market price and should have a higher valuation. Despite the significant increase in the proportion of retail fund positions held by various fund companies, the holdings of space Still quite large.