Consumer confidence

The document provides an equity research update for the consumer sector, maintaining an overweight recommendation on key companies such as AEON Co, KFC Holdings, and QL Resources, which are expected to achieve over 10% net growth in 2009-10 despite a domestic consumption slowdown. The report highlights the positive contributions of new store openings for AEON and KFC, while QL Resources is expected to benefit from its integrated farming and marine products business. Overall, the research suggests cautious optimism for these companies' growth prospects amid broader economic uncertainties.