date:Aug 22, 2014
ng.
The speed of the turnaround will depend on the macro-economic environment, said Anson Chan, a Hong Kong-based analyst at Daiwa Capital Markets who forecast a 7-per-cent decline in net income in 2014. The company will need to control labour and rental costs at the Tesco stores and improve their economies of scale for purchasing, he said.
Hong Kong-based China Resources, which runs hypermarkets and coffee shops, and makes the worlds largest-selling beer with SABMiller Plc, said a slowing eco