Diablo 3 Gold since 2009 - RNA

Recently, the Commerce Department and provinces have been announced in 2012 consumption data of the lunar new year golden week. 2012 on new year's Eve to new year the sixth day of every month, national retail and restaurant sales $ 470 billion, an increase of 16.2%, growth fell 2.8%, growth in General. Highlights of the major department stores across the country do not have many per cent increaseBetween long-15%, and new year's day data flat continued the trend since 2011 quarter. Recommended reading on January 31 illustrations: local afternoon rebound as an auspicious start who died normal technical adjustments need to be cautious pattern of shocks to the a-share rally is expected to extend China's a-shares in HKEx shares issued starting door is weak OutlookPeople worry about langma several points of thinking on nuggets of information the man higher up "plans break unit" [Twitter] RMB appreciation and the a-share the mysterious relationship [shares] old shareholders to disclose at this location at the end of 2011, Shanghai a-share index fell 17.8% commercial retail sector decreased by 26.8%, runs to lose the market 9%, the annual price at the plate in the 13th������We are cautiously optimistic about 2012 retail unit movements, that is better than 2011 is the probability of the event the old republic power leveling, because industry already fully expressed on the valuation of investment risk, a high margin of safety. According to the information Ministry in 2012, on new year's Eve to new year Golden Week 7 days of the sixth day of every month, national retail and restaurant sales $ 470 billion,Rose 16.2%, growth fell over last year 2.8%, and 19% growth in 2011 Spring Festival. Category view, clothing, jewelry, food sales rose, 18.7% and 16.2% respectively. Tianjin Jin yuanbao mansion, Shanghai Tianbao and Phoenix silver floor and Shenyang commercial city (600,306, unit) respectivelyGrowth, 66.7% and 58.1%. Major department stores around highlights growth in consumption of no more, up sales data between basic-15%, up flat to the growth of basic data and new year's day, further validates our judgment in a January investment policy, since the Chinese new year and continued the 2011 quarter industry growth trends������People's Bank has issued in recent days last quarter of 2011 town savers questionnaire, 68.7% residents believed that price "high and unacceptable", and many residents reflected "incomes failed to keep pace with price rises". We believe that 2012 macro expects slightly less than 2011, coupled with higher consumer base of 2010, 2011, commodity prices, May have all contributed to per cent general reasons. For now, since new year's day and Chinese new year and continued the four quarters of last year's sluggish consumption. Macro-economic environment is expected to adjust and carryover effect, is four per cent growth in major cause of lower-than-expected quarter consumption. From within the industry, mainly: 1), since 2009, Terminal clothing retail price increase, farHigher than the growth in consumer income, consumption frequency and cause of consumer willingness to drop 2) on new year's day and Spring Festival two-section adjacent to part of the willingness of the Spring Festival has been released in Christmas and new year's day; 3) sales of winter clothing due to weather than in previous years.����Three factors directly affect the sales performance of the lunar new year golden week. We estimate that, due to nearly double on new year's day,The Spring Festival, the basic willingness to release in the short run is complete. End of the first quarter to second quarter is the traditional consumption season, expected within the next 3 months, industry growth, there is a large improvement, quarter 2011 industry trends or to continue until May 2012. Therefore, the short period business increased discount promotions swtor credits, adjust Terminal retail prices of goods in disguise will enhance�� Predictions based on our recent adjusted, a letter from the average PE two thousand twelve-thirteenths key stocks/19 times Diablo 3 Gold, respectively, the corresponding performance grew 24%/22%. Therefore, investors can focus on 2 portfolio. 1, bounce combo. Trojan and decreases in department stores, and electronics industries of concern, including friendship shares (600,827 shares),Suning appliance (002024, shares), Wangfujing (600,859, unit), the Eurasian Group (600,697, unit), Chongqing department store, friendship shares (600,729 shares), Hefei department stores (000417, unit); 2, the medium-term combination. We recommend yonghui supermarket (601,933 units), flight yada, mainly due toSupermarket grow more space and luxury goods in China at this stage there is still room for development. (The writer, guosen securities analyst)