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Investment Strategy Of Textile And Apparel Industry In The Second Half Of 2010 (1)

2010/6/17 10:28:00 30

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Firmly optimistic about textile and clothing

retail

The investment value of the textile and garment industry in the second half of 2010.

Zhang Bin, a researcher at the state textile and apparel industry in the second half of the year, is still very optimistic about the growth of the textile and clothing industry. It is suggested that the August spring and summer September purchase orders and the most vigorous year-end market situation in 2011 will be highlighted. It is estimated that the autumn and winter sales this year will again clear the trend of the improvement of the textile and garment market in the country, and the growth of business efficiency will continue to increase.

Good stocks: seven wolves, Weixing, Luo Lai home textiles, fuanna, Saturday, happy birds, Pathfinder.

Zhang Bin: let me introduce to you about the second half of the year.

Textile and clothing

The status and investment value of chemical fiber is still very optimistic in the second half of the year. We simply divided into three parts, the first textile after second textile raw materials, third textile and clothing retail.

This year's export situation has a slight increase in last year's low base situation. For the rest, the gross profit margin of the 09 year's income declines. This year's export enterprises are faced with rising incomes, but gross profit margins are falling. The growth of business performance is likely to be significantly lower than the 09 year growth rate. Zero growth or decrease is possible. We think he may have some configuration or defensive value.

For textile raw materials, we believe that at the beginning of May, the price of spandex fell, and only cotton prices are rising. But in the fluctuation of raw materials, the capital factor is becoming more and more important. The tightening of chemical fiber raw material funds has certain concerns about the price trend.

Our most optimistic textile and apparel retail sales and sales are normal. We can see from the basic situation that there may be a factor to stimulate the stock price in the second half of the year, that is, the order meeting in 8 and September. The order in 3 and April will be better than expected in the period. This is the reason why the textile sector adjusted the stock price in April.

This year is a case of a fairly good profit increase. In the second half of the year, the stocks we maintain are unchanged from those held in Suzhou in April.

Chemical fiber and so on, we think the off-season access is better.

Now let's take a brief look at some of the data that we have made.

market conditions

The key point is to introduce textile and clothing retail data before April. After the wholesale volume increase, it reached the highest level in previous years. Of course, the highest level is still to be treated rationally. 23.3% or part of it comes from sales promotion and big sales promotion.

We want to make a detailed and rational analysis of the fundamentals of textile and Garment Retailing over the past 08 years, which are mainly due to two reasons: first, the decline in residents' consumption intention.

Second, a large number of brand enterprises and retail channels were blindly optimistic about 08 years ago. The pition expansion led to tight funds. After 08 or 09 years of sales channels and enterprises, they set up inventory through various means, and appropriately lowered the order index at the time of ordering. Therefore, we understand that this year's stock pressure has come back from the edge of life and death, and will not immediately threaten the survival of an enterprise. This is a super expectation of orders in 3 and April.