Textile And Garment Industry, Domestic Garment Profits Continue To Grow At A High Rate

2008/9/4 14:00:00 24

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Textile And Garment Industry Profits Domestic Market

In the first half of 2008, the growth and profitability of the textile and garment sector continued to be lower than that of the overall market, and the profits of domestic brand clothing retail enterprises increased rapidly.

Of the 31 textile and garment enterprises concerned, only 9 achieved positive growth in the first half of 2008, and 3 companies suffered losses.

The profits of domestic brand clothing retail enterprises Metersbonwe, seven wolves (002029, stock bar) and good news birds (002154, stock bar) continue to grow at a high speed. The export enterprises with certain technical level and international pricing power of the products, Lu Tai and Rebecca (600439, stock bar) profits still grow rapidly.

From the valuation point of view, the average brand clothing 2008PE in the US and Europe is 12.5 times the average, the average in Japan is 16.7 times, the emerging market India and Singapore have lower valuations, all the A shares are 2008PE16 times, the A shares of the key companies in the industry are dynamically PE16 to 31 times in 2008, and the 2009 dynamic PE is about 12 to 20 times, and the valuation is reasonable.

With the export pricing power of the company, Rebecca's performance growth will also have good defensiveness. With the listing of Metersbonwe, the increase in the number of brand retail enterprises will provide more investment options and benchmarks for the market. The domestic sales companies choose the American state dress (002269 market, stock bar), the wedding bird and Weixing stock (002003, stock bar).