Strong Rebound In Exports &Nbsp; Nuggets Forgotten Foreign Trade Sector

Act as Traditional industries Foreign trade exports (including textiles and clothing, electronic information, etc.) plate in the recent eating quotations quietly out of the strong K-line combination, related stocks active capital sought after, mainly due to exports and domestic sales data both strong rebound. Especially in the first half of the year, the profitability of the electronics industry increased significantly. In the same period last year, the loss companies basically realized profits from losses to profits. The profitability of the companies increased by an average of 30%~50% over the same period last year, and the industry growth momentum created a new record in recent years.

Data speak

　　 Export trade Strong rebound

A few days ago, the General Administration of Customs announced the import and export situation of China's foreign trade in the first half of this year. According to customs statistics, the total value of China's imports and exports from 1 to June was US $1 trillion and 354 billion 880 million, an increase of 43.1% over the same period last year. Of which, exports of US $705 billion 90 million, an increase of 35.2%, and imports of US $649 billion 790 million, an increase of 52.7%.

Customs data show that in June, China's import and export value was 254 billion 770 million US dollars, an increase of 39.2%. Of which, exports of US $137 billion 400 million, an increase of 43.9%, and imports of US $117 billion 370 million, an increase of 34.1%. Customs statistics show that in June, China's monthly export value and import and export value all set a new record in July 2008.

Among them, June Textile and clothing Total exports amounted to US $18 billion 665 million, an increase of 33.83% over the same period last year. According to the classification, textile exports increased by 44.43% compared to the same period last year, and clothing exports increased by 28.07% over the same period last year. In the first half of this year, textile and garment exports increased by 22.09%, while textile and clothing exports increased by 32.36% and 16.07% respectively.

In the first half of this year, the import and export volume of China's electronic information products reached US $452 billion 600 million, an increase of 41.8% over the same period last year, accounting for 33.4% of the total foreign trade and import and export volume of our country, of which 262 billion 400 million US dollars were exported, an increase of 38.9% over the same period last year, an increase of 7.1% over the same period in 2008, accounting for 37.2% of the total export volume of the whole country, and 190 billion 200 million US dollars of imports, an increase of 46% over the same period last year, an increase of 6.1% over the same period in 2008, accounting for 29.3%% of the country's imports.

Textile and clothing: regeneration vitality of sunset industry

As a traditional industry, textile and apparel stocks have gone out of the strong K-line combination in the recent eating market, and Lu Tai A (000716) and YOUNGOR (600177) stocks appeared in the forefront of yesterday's growth charts.

In this regard, insiders pointed out that textile and apparel stocks in recent days were sought after by active funds, mainly because domestic and export data both rebounded strongly, and the performance of these stocks was relatively optimistic. The high provident fund and high earnings per share expectations led to the market's high expectations for its 2010 semi annual report.

In the first half of the year, textile exports showed a large growth under the impetus of rising demand and rising prices. The reporter understands, at present, textile export growth is faster than the growth rate of clothing, and textile and garment export enterprises have already finished the three quarter of production orders, so the domestic textile and garment export growth in the three quarter will still be guaranteed.

Institutional vision: Yin Teng financial news Sun Xudong expects that the growth rate of textile and clothing exports in the second half of the year should be "first high and low", and annual growth can still exceed 10%. Investors may wish to combine the performance of China Daily and advance the layout of textile and apparel stocks that may break out in the three quarter.

In addition, Zhang Bin, a researcher of the textile and apparel industry of the state securities company, is also 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 will also clear the trend of the improvement of the domestic textile and garment market this year, and the growth rate of business efficiency will continue to increase.

Electronic information: finding opportunities from emerging fields

Due to the strong demand in the international market and the low growth base in the same period last year, the export growth of China's electronics industry was very high in the first half of 2010. The added value of the electronics industry has increased from 10 percentage points below the national industrial added value to 6 percentage points, and has achieved rapid growth.

In the first half of the year, the profitability of Listed Companies in the electronics industry increased significantly. In the same period last year, the loss companies basically realized profits from losses to profits. The profitability of the companies increased by an average of 30%~50% over the same period last year, and the industry growth momentum created a new record in recent years.

Stimulated by a series of good news, the electronic devices sector strengthened again yesterday. At the close, Lida Optoelectronics (002189) was trading, while Shenzhen HUAFA A (000020) rose 7.26%, and Lai Bao Gao Ke (002106) rose 6.33%.

Institutional vision: "at present, the global electronics industry is still in the upward cycle of rapid growth, and the profitability of all sub sectors is generally improving. However, due to the impact of the European debt crisis, the uncertainty of the future trend of the global economy is increasing, which may have an impact on the future development of the electronics industry." GF Securities believes that investors should focus on the emerging areas and stocks of deterministic growth. First, the expected growth in performance is strong, and the two is the growth of the industry. Taking into account the valuation of the current stocks, GF Securities is concerned about Lai Bao Gao Ke (002106), Shun Luo Electronics (002138), crystal Optoelectronics (002273), Hikvision (002415) and Min Mindong (000536).

Potential stock tracking

China shares (000151)

Export sales accounted for 79.42%

This year's increase: 40.91%

Since its rebound in July 2nd this year, the shares have been on the rise. In the morning of yesterday, there were several large transactions in the market shortly after the opening of the shares, which was followed by a quick crash. Although there has been a brief decline, it has not stopped the trend of further Trading. The reason may be related to the good news released by the company the day before.

In July 27th, the company announced that as of the announcement date, the development of Sino Congo joint venture with MAG Canada's Montgomery potash project has entered a new stage. The two sides of the project will work together to draft the project development agreement. After the feasibility study report of the project feasibility study report has been supplemented due diligence with the Chinese side, it has been authorized by the board of directors of both parties to sign the contract. It is said that the potash project between the two sides has reached US $1 billion 200 million in the potash fertilizer project. Therefore, some people in the industry have analyzed that if the Sino equity joint venture can finally invest in Congo potash fertilizer project, it will gain substantial profits in the future.

Lu Tai A (000726)

Export sales accounted for 71.09%

This year's increase: -22.10%

After experiencing a downturn in the first half of the year, Lu Tai A rose vigorously in early July. It rose strongly around 11 a.m. yesterday, and the stock price rose to 9.12 yuan at the highest level. At the close, the stock rose 6.06%.

The company is a foreign investment joint-stock enterprise, is the outstanding textile enterprise group, the production and operation performance has been in the forefront of the national textile industry, the product 85% sells to Japan, the United States, Britain, Italy, New Zealand and so on more than 30 countries and regions. Since April this year, textile exports have gradually recovered, and at the same time, the company has applied for bank credit three times, with a credit limit of up to 2 billion 700 million yuan.

A few days ago, Hongyuan securities analysis said that Lu Tai A "cost advantages obvious, export no risk", mainly includes two aspects: on the one hand, Lu Tai A raw material cost advantage is obvious. The rapid rise in cotton prices has no effect on the company. The cost of cotton produced by the company is much lower than the current market price. It has obvious cost advantages, and the company's products still have room for price increase. On the other hand, the export price of the company is raised, and the high gross margin can guarantee that the order is full, and it will be restored from short to 4 months. The price increase is about 8%, and the gross profit margin of the company is expected to remain at 32%-33% level this year.

Shun electron (002138)

Export sales accounted for 54.45%

This year's increase: 41.59%

The company is the largest inductor manufacturer in China. The annual output of chip inductors accounts for about 30% of the total domestic counterparts. It is a small number of chip varistors manufactured in China, and the annual output of chip varistors accounts for 50% of China's output. Recently, the company announced that net profit in the first half of 2010 is expected to grow by 80%-120% over the same period, because the market environment for electronic components is better than expected in the reporting period. In the good macroeconomic environment, the company's performance in the first half of 2010 reached a record high in the same period. Two tier market, the stock continued to rise in short term.

In fact, it is not easy to maintain a relatively high gross profit margin in the electronic components industry that is full of competition and small profits and quick turnover, while Shun Electronics has maintained a comprehensive gross margin of around 40% in recent years. With the opportunity to expand the demand for new consumer electronics, Shun Electronics has recently launched a private placement scheme to raise the capacity of chip inductors and achieve the "card position" of the industrial chain.

Hengdian East magnetic (002056)

Export sales accounted for 49.26%

This year's increase: 32.49%

The recent brilliant performance of Hengdian East magnetic material, which is attracted by hot money, has attracted the attention of the market. The company announced that it plans to invest 870 million yuan to build an annual 300MW crystalline silicon solar cell and 50MW component project.

To this end, the company's securities department staff said: "the company's investment in last year's 100MW monocrystalline silicon solar panel project in 3 and April this year, after the operation, the income is very good. At present, the two production lines are full load production, with monthly sales of 40 million. This sales situation is much better than we expected. We can see the wide market of solar panels, so we decided to expand investment. "

In fact, Hengdian East magnetic field has expanded solar cell project before this time. According to the Ministry of securities, three of the third solar cell production lines built in the first half of this year are expected to be put into operation in the coming quarter and the other two will be put into operation by the end of this year. By then, the annual turnover of the 5 production lines will reach 1 hundred million.