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Textile And Apparel Industry Holds A Good Opportunity In Valuation Adjustment

2011/6/7 9:29:00 75

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Opportunities For Textiles And Apparel Industry

According to today's investment in online analysts, more than 4000 analysts from nearly 100 domestic brokerages research institutes.

profit

Forecast data statistics, last week, the composite earnings forecast (2011) increased in the top 25 stocks, the industry is relatively concentrated distribution.

Among them, 5 chemical products were selected and 4 real estate were selected.

textile

and

Clothes & Accessories

3 were selected and the rest were distributed in retail, food production and processing, building materials and other industries.

This period we will comment on the textile and apparel industry.

Huatai Securities (601688, stock bar) pointed out that domestic clothing retail terminal

consumption

Demand continues to be strong, which is an important driving force for the industry to maintain its prosperity.

The price of raw materials will continue to fall back to last year's rise, which will make the cost pressure of the industry still exist.

At the same time, short-term inventory pressure will also affect the overall profitability of the industry.

Therefore, we should value the brand management with good terminal management and product pricing ability.

At the same time, relying on technology, design and research advantages, high-quality textile enterprises with pricing power and complete industrial chain will be able to resist the risk of raw material cost fluctuation and have strong digestion capacity.

In addition, with the recent in-depth adjustment of the market, the valuation advantages of good performance in the textile and garment sector will gradually become prominent, suggesting that the industry should pay more attention and give the industry "overweight" rating.

Recent recommendations to pay attention to this year's super expected companies, in June continue to recommend a more clear performance of the brand and early adjustment of the enterprise, with valuation advantages of large quality.

Textile enterprises

The key recommendation is fuanna (002327, stock bar) and Lu Tai A.

Orient Securities believes that accelerating the cultivation of a number of independent competitive textile and garment brands with international competitiveness is conducive to the formation of China's textile industry's right to speak in the world industrial system, thereby accelerating China's development from a textile power to a textile power.

In February 2009, under the background of the global economic crisis, China's textile and garment export tax rebate rate has undergone two adjustments.

In 2010, with the gradual recovery of the international market and the demand of foreign purchasers to fill the stock requirement, textile and garment exports reached US $206 billion 530 million, an increase of 23.59% over the same period last year.

In addition, from 1 to April this year, China's textile exports still maintained a high level of growth.

From this point of view, it seems that it is theoretically true that the export tax rebate rate should be cut down. But behind the high growth of exports, there are quite a lot of factors that are the price increase brought by cost push.

In terms of quantity, the growth rate has slowed down substantially.

Therefore, it is suggested that the rate of reduction should be gradually smaller, leaving a certain time point for enterprises to pform, which is more conducive to the development of the industry.