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The Fund Has Become The "Clothing Maniac" Of The Textile And Garment Sector.

2011/9/1 9:58:00 45

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With global emerging

industry

The development of traditional industries represented by textile and clothing has met with great challenges. However, through the semi annual report of listed companies and funds, reporters found that the textile and garment sector of A shares has not been abandoned, but has become the target of fund sweeps repeatedly. Among them, Semir apparel, Mei Er Ya, yi Ke Technology and Dayang creation were all greatly increased by the fund in the two quarter, while seven wolves, Meng Jie textile and other stocks continued to be firmly held by the fund.

Fund sweep

The recession in Europe and America makes the A share

Spin

The clothing sector has once become a hot potato, but from the first half of the year, the industry is not as cool as expected.

According to the data collected by the financial and exchange information statistics, in the two quarter, 13 of the textile and apparel stocks accounted for more than 5% of the total share capital positions.

In the two quarter, there were 16 stocks in the fund's holdings, of which the list of shareholders was the most spectacular. The company's share position increased by 4.84 percentage points in the two quarter, including the Huaxia stock market, Huaxia dividend, China strategy and Huaxia flourishing 4 Huaxia Fund.

There are 6 funds holding Semir clothing, among which two funds of ICBC Credit Suisse and Huaxia Fund have bought heavily in the two quarter.

Other holdings are larger and there are companies like wedding birds, Pathfinder and Dayang creation.

In the two quarter, the fund has increased its holdings of 8 million 504 thousand shares in the two tier market, and its share of the total share capital has reached 1.48%.

In addition, many stocks were acquired in the two quarter.

fund

The firm holding, including the largest proportion of the fund's largest share of the seven wolves, reached 16.94%. In the two quarter, the fund not only did not reduce its holdings, but increased 1 million 226 thousand shares; in addition, the proportion of funds held by Meng Jie home textiles and news birds was also over 10%.

However, in the first quarter of this sector, there are 23 stocks in the fund. There are still Weixing shares and Hong Kong shares reduced by the fund, while the ten largest circulation shareholders of Shanshan stock and YOUNGOR have not seen the figure of the fund.

Strong performance growth

Although labor costs and raw material prices have increased significantly, the profitability of A shares listed companies is still increasing substantially.

According to the data of financial and exchange information, net profit of 7 garment listed companies increased by more than 1 times over the year.

Among them, the first half of the United States apparel net profit of 376 million yuan, the basic earnings per share increased by 825%.

The company said that its performance growth was benefited from the enhancement of product competitiveness, and the terminal retail management capability of direct and franchisees continued to increase, and the number of terminal stores grew steadily. At the same time, the gross profit margin of the company's main business reached 47%, up 4 percentage points from the same period last year.

And another

brand

Clothing enterprises seven wolves also due to the good sales situation, the basic earnings per share increased by 41.7%.

Other brands such as YOUNGOR, Semir apparel, and Sha Sha shares have achieved a larger net profit growth rate.

"When the economic situation is uncertain, and the domestic demand for slowdown is more worrying, it will highlight the relative value of the textile and garment sector."

Guoxin Securities recently released the latest research report that "equity incentives, asset restructuring, shareholder release and other theme factors will bring about the relevant stock market."

In the two tier market, many brands

Clothes & Accessories

Home textile stocks were popular in August. Excluding the listed shares in August 30th, Meng Jie home textile rose to 12.38%, while nearly 20 other stocks such as YOUNGOR, nine Mu Wang, Hinur and soutt rose more than 4% in the same month, while the Shanghai Composite Index fell 4.97% during the same period.

However, GF Securities Research Report believes that due to the recent cotton price "drop and fall", and the textile enterprises early stage hoarding of relatively high price raw materials, it will face the embarrassing situation of high cost and low factory price, gross profit margin in the three quarter is expected to be low throughout the year.

Therefore, we should pay attention to the four quarter downstream replenishment inventory to bring the gross profit margin rebounded.