External broker reports(aggregated public sources), Mirae Asset Securities

Mirae Asset Securities

External broker reports(aggregated public sources)

Leading full-service brokerage firm in Vietnam. 

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Equity Bottom-Up

Shinsegae International Co / Equity Bottom-Up

<ul><li>Korea’s consumer sentiment has remained strong for several consecutive months, reaching its highest level in eight years in November (112.4p).</li><li>As a favorable consumption environment for discretionary goods takes hold, department stores have entered a full-fledged growth phase.</li><li>In October-November, sales at department stores grew by double digits, showing broad-based growth across categories (not only luxury but also fashion and lifestyle/home goods). </li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Korea’s consumer sentiment has remained strong for several consecutive months, reaching its highest level in eight years in November (112.4p).As a favorable consumption environment for discretionary goods takes hold, department stores have entered a full-fledged growth phase.In October-November, sales at department stores grew by double digits, showing broad-based growth across categories (not only luxury but also fashion and lifestyle/home goods). Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Shinsegae International (031430 KS/Buy)Department Stores Booming...

South Korea

Shinsegae International Co., Ltd. was spun off from Shinsegae in 1996.  The company imports and distributes famous foreign brands and manufactures/distribut es domestic brand.  The Company's line of business includes the wholesale distribution of men's and women's apparel.

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