2009年香港股票市场食品饮料行业投资策略（P35页）.pdfVIP

2009 — 11 ? ? ? ? 21 31 ? CPI 5 09 ? -1 CPI 41 ? 51 ? 30 25 20 15 10 5 0 08-06 09-06 10-06 11-06 12-06 02-07 05-07 08-07 11-07 02-08 05-08 08-08 61 ? 71 ? 81 ? -9 30% -10 ROE ROA 91 ? -11 “ ” -12 101 ? 111 121 09 ? -13 131 ? ? 141 09 ? 151 02-05 03-05 04-05 05-05 06-05 07-05 08-05 09-05 10-05 11-05 12-05 ? ? ? 31 30 29 28 27 26 25 “” 8,000 7,000 6,000 5,000 4,000 3,000 2,000 1,000 - 5,819 2003 5,926 2% 5,626 6,466 15% 6,983 20% 15% 10% 8% 5% 0% -5% -5% -10% 2004 2005 2006 2007 161 ? 15% ? 5 12% 09 1% 2009 22%-25% 171 ? ? 181 ? ? ? ? 191 ? -21 30 25 20 15 10 5 0 3.45 3.4 3.35 3.3 3.25 3.2 3.15