Lyons said that Oriental Watch's same-store sales growth improved over the past two months, showing the first signs of recovery. In the first two weeks of November, same-store sales in the Hong Kong business increased 18%, and in October, they increased only 3.3%. The bank predicts that same-store sales in the Hong Kong business will increase 7% in the second half of fiscal year 2013, and Macau will increase negatively by 10% from the past 2 months, predicting a negative increase of 3% in the second half of the year; the mainland will go from negative growth of 14%, predicting negative growth of 7% in the second half of the year. The decline has narrowed in both places. As forecast performance improved, the bank raised Oriental Watch Bank's 2013 profit by 6-7%, and reiterated its “buy” rating. The target price remained unchanged at 3.5 yuan.