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Securities Companies Optimistic About Brand Clothing Enterprises

2011/10/25 9:40:00 24

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Benefiting from the upgrading of consumption, the textile and garment industry has entered a period of rapid growth.

The men's clothing sector in the first three quarters of 2011 has achieved good growth and net profit growth will exceed 40%.

Broker

It is recommended to focus on brand retail enterprises with good quality, low valuation and good growth.

In the 1~9 months of this year, China's textile and apparel exports totaled 186 billion 139 million US dollars, up 24.3% from the same period last year, and the growth rate dropped by 1.42 percentage points compared with 25.72% in 1~8 months.

Among them, the export of textiles was US $70 billion 904 million, an increase of 25.9% over the same period, and exports of clothing and accessories reached US $115 billion 235 million, up 23.3% over the same period last year.

Domestic sales data are still growing at a high speed.

Issued by the Statistics Bureau in September

Clothing

Class prices rose by 3.2% over the same period last year.

Starting from January this year, clothing prices rose from month to month, from -0.2% in January to 2.2%, 2.9%, 3.2% in 7, 8 and September, and the price of urban clothing increased by more than that of rural clothing.

GF Securities (31.55, -0.09, -0.28%) said that China's Micro evidence shows that the characteristics of consumer upgrading are obvious, 74% of consumers have consumer escalation behavior, and the characteristics of consumption upgrading are obvious. With the increase of income, the spending of rich people on clothing, footwear and accessories will be raised to 31%, and clothing expenditures will increase accordingly.

In fact, from the first three quarters of the listed companies earnings report, men's clothing industry is expected to exceed expected performance.

CICC said that the overall price rise of the plate was obvious, and the cost increase was passed on to the downstream consumers.

Sales volume

Maintain healthy growth.

It is expected that the plate will accelerate growth, and the growth rate of over 30% over the next two years will be maintained.

In terms of investment strategy, CICC believes that the performance of the seven wolves (37.10, -0.35, -0.93%) and 23.77,0.17,0.72% can maintain more than 30% growth, and the valuation is more reasonable. In the next 12 months, the valuation plations can bring about 30% of the increase.

YOUNGOR (9.75, -0.04, -0.41%) garment business growth can remain above 20%, the next year will usher in the peak of real estate settlement, asset value is undervalued.

GF Securities recommends focusing on those with good texture.

Management

Steady growth, growth certainty, the growth rate of about 25%-35% companies, such as nine Mu Wang, Semir costumes.

In addition, in the management style of inflection point, both inside and outside, and on the basis of meticulous management of continuous extension of the company, such as 13.50,0.02,0.15%.