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Investment Strategy Of Textile And Apparel Industry In The Second Half Of 2010 (2)

2010/6/17 10:30:00 36

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Affect textile now

Apparel Retailing

The biggest obstacle is not the willingness to spend, but the excessive commercial rents and excessive growth.

For the future, we are still cautiously optimistic. Textile and garment retail will still maintain a relatively fast growth. But this high growth can not reach a point. I think at least one or two years will not be able to achieve commercial rents, consumption intention, especially the increase of labor costs. It also means the increase of residents' consumption ability. Therefore, we have optimistic views in the short term, medium term and long term. Their growth rate may be slightly less than that of 05 years and 30% or 50%, but the enterprises we focus on recommend will reach 30% or slightly higher.

For exports, the devaluation of the euro is not particularly optimistic. Some institutions are concerned about the impact of the depreciation of the euro on exports. I have been optimistic about exports for 07 years, so the depreciation of the euro will not change my view, because I have already considered many unfavorable factors.

The European Union or the United States of clothing retail situation, we talk about this expansion, if it does not discuss the EU consumption that may not be correct, now the United States and Europe and the United States consumption, in addition to the United States is more beautiful, Europe and the United States is still a low position, so the United States retail situation of what kind of volatility, we think more is a smooth recovery, can not appear obvious surge.

So when the economy in Europe and the United States is stable, a large number of enterprises in my industry are often rising because of the new energy, or the real estate or other industries.

Finally, textile raw materials, because in 09, or 07 years, the performance is very bright, so that the market is fresh, the spandex is already on the decline. On the whole, we feel that the factors leading to the trend of chemical raw materials are capital. We suggest that textile materials should be treated not only as investment driven stocks, but also for investment.

Price forecasting

A fixed point or turning point is very difficult. We suggest not to overly believe that his rise has lasted for a long time.

We are very optimistic about the growth of the textile and garment sector. For the valuation situation, we recommend it in 06 years.

Spin

Since the clothing industry has been in the market for more than 5 years, they are always on the line that the market thinks reasonably at that time. Valuations are not the most important ones. What matters is your understanding of the enterprise.