According to a research report released by China Merchants Securities, the trend of improvement in China's economy will continue, and the GDP growth rate for each quarter is rising year over year. They believe that department stores and supermarkets benefited from economic recovery in the second half of 2009. In terms of individual stocks, through a comparison of department stores and supermarket companies, the bank believes that Maoye International (00848-HK) had good profit growth in 2009-2010, while its valuation was relatively low in the industry. At the same time, although Wumei Commercial (08277-HK) has a high valuation among its peers, its cost and expense control is the best in the industry, and profit growth supports the valuation premium. Based on the above factors, China Merchants Securities recommended Maoye International and Wumei Commercial, and gave Maoye International a buying rating of HK$2.4; it gave Wumei Commercial a better rating than the market, with a target price of HK$9. The bank also said that Gome Electric (00493-HK) is also worth focusing on. Gome Electric will issue about 1.5 billion convertible bonds to Bain Capital (accounting for 12% of Gome Electric's current share capital), and Gome Electric will sell 18% of new shares to new and old shareholders. As a result, Gome Electric's total share capital will expand by 30%. After issuing and issuing additional convertible bonds, Gome Electric will receive about HK$3.2 billion in capital; and this financing will remove the financial pressure on the company.