Textile And Apparel Stocks Perform Well &Nbsp; Cost Spanfer Decides Success Or Failure.

Despite the poor performance of the overall market this year, the textile and garment sector has not disappointed investors. according to WIND Data statistics, as of December 6th, Shen Wan textile clothing index has risen 18.79% since the beginning of the year, ranking eleventh in the public sector, outperforming the Shanghai and Shenzhen 300 index over 30 percentage points.

In the plate, bull stocks are emerging. According to statistics, the textile and garment sector has increased more than 10% of the stock market this year, with 35 stocks. Tianshan textile (115.98%), yi Ke Technology (94.98%), cashmere industry (83.41%), Jiangsu Sanyou (82.01%), Luo Lai home textile (77.72%), Pathfinder (67.7%), Kaiser shares (60.98%), Xinmin Technology (59.23%), Mei Bang dress (57.38%) and seven wolves (51.46%) and other 10 stocks have risen more than the beginning of the year so far.

Whereas Textile and garment sector The performance is good, let investors have more expectations. Is it possible to continue to write brilliantly next year? Who is expected to become the expected Bull Stock? The major securities companies have given the answer in the 2011 forecast recently launched.

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Next year, the industry will be subject to pressure shifting.

Analysts generally believe that next year, the textile industry will face many unfavorable factors, such as rising cost of raw materials and labor, appreciation of the renminbi, and export pressure. Under such a big background, most brokerages favor the brand clothing listed companies with the ability of cost shifting, as well as the leading manufacturing enterprises with better cost control and raw material advantages.

Shenyang Wanguo textile and garment analysts believe that due to the difference in cost spanfer capability, the textile industry profits will focus on brand consumption and high-end manufacturing links. Based on the above judgment, they have long been optimistic about the brand clothing, home textiles and footwear industry in the growing stage, especially in the growth stage, with strong brand effect and leading consumer goods, such as the American Apparel in the casual wear industry, the home textile industry in the home textile industry, the women's shoes industry on Saturday. At the same time, we also hope to have the "resource + brand" advantage, focusing on R & D and sales services, such as the Weixing share of the garment accessories industry, the Huafu color spinning industry of the colored spinning industry, and the Huas stock of fur clothing industry.

Guotai Junan textile and garment analyst said that in 2011, industry export growth will drop to around 10%, while domestic consumption still can maintain more than 20% growth. Due to the combined effects of raw materials, labor prices, interest rates and RMB appreciation, the profit margins of manufacturing enterprises will be significantly reduced, giving a neutral rating to the textile and garment manufacturing industry. It is recommended to avoid manufacturing enterprises with cotton as raw materials in short term, and recommend the Weixing share and Xun Xing shares of the excipient industry.

They firmly believe in the prospect of domestic brand clothing consumption, and think that the rapid urbanization process and the rapid development of the central and western regions will become an important driving force for the growth of clothing consumption. In the next ten years, domestic clothing consumption will usher in a golden growth period. The existing brand clothing and home textile enterprises in the A share market will benefit significantly from the high growth of the industry. As for 2011, brand channel enterprises will benefit from inflation and usher in accelerated growth in revenues and profits. The brand clothing and home textile industry will be rated overweight, focusing on the three or four line market, large market space and rapid growth.

Everbright Securities and textile and apparel analysts mainly focus on the brand revaluation of the brand, including hannor, seven wolves, good news birds, Luo Lai home textiles and fuanna. In the manufacturing sector, they also recommend raw materials, strong bargaining power and insensitive to the rising cost of Lu Tai A and Jiaxin silk.

GF Securities analyst said, optimistic about brand retail short, medium and long-term investment value, especially in 2011 optimistic about high-end consumer goods, such as Luo Lai home textiles, fuanna, Meng Jie home textiles, Saturday, good news birds, seven wolves, Mei Bang clothing and Pathfinder. At the same time, the investment opportunities of manufacturing textile enterprises mainly come from upgrading and spanformation, as well as the improvement of industry concentration. We recommend Rebecca, Weixing shares, Luen Fat shares and Huafu color spinning.

Golden strands scan -

The middle and lower reaches of the industrial chain are expected to grow in the future.

In the next 5 years, the income of American bond clothing will increase by 4 times.

As of December 6th, the United States and apparel rose 57.38% this year, outperforming the Shanghai and Shenzhen 300 index of about 69 percentage points. Shenyin Wanguo analysts said that the adjustment of the company's business in 2009 was basically in place. This year's franchise business is expanding rapidly, and the profit of direct business has been continuously improved. The three quarter performance has been reversed. It is expected that the revenue of the retail terminal in 2010 will reach 12 billion yuan ~130 billion, and the retail terminal will reach 50 billion yuan by 2015. It is estimated that the scale of revenue will increase 4 times in the next 5 years.

In the first three quarters of 2010, Smith Barney realized its main revenue of 4 billion 852 million yuan, an increase of 57.54% over the same period last year.

Roley home textiles is expected to break billions of dollars in future income

As of December 6th, Rose Home Textile rose 77.72% this year, gaining nearly 90% of its excess profits, ranking first among the three largest home textiles listed companies. Shen Wan analysts believe that the company will rely on the advantages of Nantong's home textile industrial cluster, outsourcing low-end products, effectively integrate production and manufacturing resources, the current outsourcing ratio of 40%, is expected to shift to light asset brand operators, the future is most likely to become tens of billions of dollars of household textile enterprises, high growth and large market space.

Weixing share expansion can stabilize the industry "tower base".

As of December 6th, Weixing shares rose 28.18% this year, outperforming the Shanghai and Shenzhen 300 index of nearly 40 percentage points. Shenyin Wanguo and Guo Tai Jun An recommended the company. Shen Wan said that the company raised the fund for the expansion of production capacity this year. The new collection project is expected to add 2 billion 100 million and 4 upscale buttons, which is 22.11% higher than the current level. The new collection project is expected to add 382 million high-grade zipper production capacity, which is 72.08% higher than the current one. Guotai Junan expects the company's earnings per share in 2010~2012 to be 1.17 yuan, 1.52 yuan and 1.85 yuan, with a compound growth rate of 30.5%.

In the next three years, the compound growth rate will reach 70%.

The company just launched in November 17th this year, up to December 6th, the cumulative increase of 26%. The company is mainly engaged in the design and sales of "fashion front" brand youth casual wear. Over 80% of the marketing channels are distributed in the three or four line market, and the East China Southern China market is the main market. The company is now using production outsourcing, focusing on product design and channel operation mode. According to Guotai Junan estimates, the company's earnings per share in 2010~2012 were 1.1 yuan, 1.8 yuan and 3.06 yuan respectively, and the compound growth rate was close to 70%.

Huafu color spinning "brand + resources" ensures double priority

As of December 6th, the stock rose 36.32%, outperforming the Shanghai and Shenzhen 300 index 47.8%. Shen Wan said that on the one hand, the company has the ability to grasp the trend of product design, excellent brand operation ability, and high efficiency, low cost supply chain integration capability.

On the other hand, the company also has full resources advantages, abundant cotton raw materials and good long-term cooperative relationship with the Xinjiang Construction Corps and large cotton circulation enterprises at home and abroad, so as to guarantee the stable supply of cotton resources.