Textile And Clothing Plates: Calm In The Storm

Just past August, the "black swan" incident in the capital market was frequent. The global stock market was on the roller coaster, and the commodities were severely shocked, and the market confidence was extremely pessimistic. The A share market is also stuck in the woods, with the Shanghai composite index down 134.39 points in August, or 4.97%. However, the textile and garment sector is "static if water stop", the performance of the newspaper is all above expectations or meet the expected impact, only down 1.63%, showing a good defensive.

August global storm hits textiles and clothing shows defense skills

In August, the "black swan" incident occurred frequently, which brought great impact to the markets of all countries, and staged a thriller of "roller coaster". If the S & P lowered the US rating, Morgan and Citigroup lowered the US economic growth expectation, and the European debt crisis shifted to France, Italy and other core countries, and Deutsche Bank lowered China's economic growth expectations. Against this background, the global market has been jumping up and down, and the commodities have been severely shocked, which is the most rare in history after the 2008 financial crisis.

In August 8th, the global stock market suffered a "black Monday" crash, and the three major indexes of the United States plunged more than 6%. The Dow fell below 11000 psychological barrier, the German stock market fell 5%, the pan European Dow Jones 600 index fell 4.1%, the French and British stock markets dropped around 4%, and the Hang Seng Index of Hongkong dropped by about 14% on the 7 trading days of August 1st ~9, the largest weekly decline in many years. The Shanghai Composite Index dropped sharply on the August 5th trading day of ~9, and its crash rate was rare for many years.

Compared with the "storm" of the market, the textile and garment sector is still calm.

According to big wisdom trading data, the textile and clothing index ended two consecutive days in August. The index fell 1.63%, or much less than that in the big market (the Shanghai Composite Index fell 4.97% in August). The total turnover of the textile industry was 7 billion 989 million shares, and the contract ratio was 19.61%. (July, 9 billion 938 million shares were traded on the plate), the total amount of transactions was 88 billion 700 million yuan, and the contract ratio was 18.32%. The shrinkage of textile and garment plates is much more calm than that of the big market.

Industry analysts said, "under the background of the global economic downturn, fund managers' enthusiasm for holding cyclical stocks has declined, and enthusiasm for textile and garment holdings such as defensive sectors, especially big consumption", is on the rise. In addition, the average price earnings ratio of the textile and garment sector is lower than the historical average and the stock risk is small. "

According to the latest statistics of CAI Hui, as of the end of August, the overall weighted average price earnings ratio of the textile and garment sector was 26.50 times that of the average textile market, and the average price earnings ratio of cotton spinning companies was only 17.09 times that of the cotton spinning companies. The average price earnings ratio was 17.09 times that of the textile companies.

Half a year's performance won the industry growth champion 12 companies net profit growth more than doubled.

With the disclosure of the semi annual report of Listed Companies in 2011, the profitability of all industries is clear at a glance, and the growth rate of textile and apparel ranks first in all industries, showing the most eye-catching performance. This has become an important backing for the strong share price of the two tier market.

Specifically, there are 12 textile and apparel listed companies' net profit increased by more than 1 times over the same period. The company achieved a total revenue of 632 million 708 thousand and 400 yuan, an increase of 15.93% from 545 million 767 thousand yuan a year, and a net profit of 67 million 585 thousand and 300 yuan, an increase of 4313.47% over the same period last year. The net profit in 2011 1~9 was 65 million ~7500 million, an increase of 3400~4000% compared with the same period last year. It has become the fastest growing listed company in the textile and garment industry.

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　　 Vico essence , American Apparel Net profit increased by 881.54% and 833.06% respectively over the same period, and the two companies expected a substantial increase in their performance in the first three quarters. Huamao shares, Jinying shares, Shanghai San Mao, Fujian Nanfang, San Fang lane, Changshan shares, Xinhua Jin, Haixin shares, Bank of China and other 9 listed companies have doubled their performance in the first half of the year, and another 10 ST yuan FA, Xun Xing shares, Hongda hi tech, Zhejiang Fuyun and fuanna have achieved an increase of more than 60%.

Judging from the quarterly earnings per share, earnings per share in the first two quarters of this year decreased significantly compared with the fourth quarter of last year.

"When the economic situation is uncertain, the domestic demand for slowdown will be more obvious. Textile and clothing The relative value of the plate. "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. "At present, the overall operation of the industry is in good condition, and will enter the traditional peak season in September, and the overall high level of industry will continue to maintain.

The high growth of the industry will naturally avoid the eyes of the fund. According to the latest statistics of CAI Hui, in the two quarter, there were 13 shares of textile and apparel stocks, which accounted for more than 5% of the total share capital. In the two quarter, there were 16 stocks in the fund's holdings, of which the list of the shareholders was the most spectacular. The company's position in the two quarter increased by 4.84 percentage points, and the Huaxia stock market, Huaxia dividend, China strategy and Huaxia flourishing 4 Huaxia Fund were gathered. 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.