Home >

Clothing Development Robust Real Estate Mixed

2008/9/24 14:23:00 24

??? 日本語 Fran?ais English 中文

This article belongs to the research report column, only for the analyst's personal views and views on a stock, it is not a formal news report. The world clothing shoes and hat network does not guarantee its authenticity and objectivity. All the effective information about the stock is based on the announcement of the Shanghai and Shenzhen Stock Exchange, and the investors are asked to pay attention to the risk.

According to the clothing sales data of 2007.6-2008.7, the sales volume of clothing sales increased by 20%.

In the future, with the continuous upgrading of consumption, the annual growth rate of clothing sales is 20%. It is possible that YOUNGOR (10.06, -0.04, -0.40%, bar) will continue to maintain its market share, and domestic sales revenue will have a 20% growth rate.

40% of the company's clothing sales revenue come from overseas to do foundry production, clothing and export shuttle weaving, and the company has strong dependence on foreign markets.

In July of this year, the export volume of Renminbi denominated clothing declined for the first time.

It is expected that the decline in clothing exports may expand.

The company's export earnings may decrease.

In real estate business, by the middle of this year, the receivables for projects settled in 2008 had exceeded 5 billion yuan, and the pre paid receipts in 2009 were more than 1 billion 500 million yuan, and the 2008 performance has been locked.

Some of the company's projects cost a lot.

These projects are expected to be pre-sale in 2010, and will be recognized after 2011. If the real estate market continues to adjust to 2010, after 2011, the company's performance will have a sharp decline.

The company's investment in CITIC Securities (20.33,0.18,0.89%) is a successful example. The company has set up investment companies, and future investment initiatives are worth looking forward to.

In the next three years, the earnings per share of the textile and garment business will be 0.34, 0.45 and 0.51 yuan, giving 15-20 times the value. The value of each share in 2008 will be 5.13-6.84 yuan. The value of real estate business will be 1.62 yuan according to the heavy net assets law, and the value of the investment business will be estimated by market value, and the current value of each share is 4.16 yuan.

The total value of each share should be 10.91--12.62 yuan.

World clothing shoes and hats net statement: the content of this edition is purely personal view of the author. It is for investors only and does not constitute investment advice.

Investors operate accordingly, at risk.