Textile And Garment Industry: Brand Clothing Continues To Fall

Market review last week.

Last week, the textile and garment sector rose by -0.48% (of which, the apparel home textile rose by -1.65%;

Industry key data.

10 customs express data showed that export growth was decreasing month by month, textile exports in December amounted to US $8 billion 302 million, an increase of 12.6% over the same period last year, and clothing and accessories exported 13 billion 443 million US dollars, up 7.2% over the same period last year.

China business information network has announced 50 key large-scale projects.

Last week, key companies tracked back.

As a strong area of Beijing, the mature shops maintained stable growth, and the Rhine Zhongyou increased by 16% in 2011 compared with the same period in the same period, while the MOJO increased by about 7%, while the MOJO increased by 23%, and the company's target growth rate was over 15% in 2012.

The Wenzhou base data showed that the growth rate of the main brand was the same as that of the store. S ANGELO still needs to be improved; the contingent liabilities were mainly determined according to the proportion of returned returns, normally 30%; and the increase in accounts receivable was mainly due to the rapid development of the company, the support of the small giant scheme of the franchisees, and the contingent liabilities.

At the same time, we studied Weixing. In the second half of 2011, in the second half of the year, when the overall export macro environment was getting worse month by month, we judged that Weixing shares had no independent performance. Apart from the traditional drilling business, because of the poor sales of casual wear in the second half of 2011, metal clasps were also more general.

It is considered that the performance of the industry is difficult to surpass the big market: 1, because the early spring festival and the effective sales period are shortened, the wholesale enterprises will not have a good growth rate in the first quarter. At the same time, the order will basically be completed. In the short term, the industry will lack the catalyst to drive other stock prices to rise. In October, November, the growth figures of the retail sales data and the key brand clothing enterprises' terminal retail data show that the terminal data is not very optimistic. Besides the climatic factors, the consumption boom is also estimated to decrease. 3) the market has questioned the driving force of the clothing price increase and the medium and long term performance growth. 4) from the angle of production and export enterprises, the export growth data is in the downlink channel, and the raw material price is high at the same time last year, which is the high base of the performance, forming a system of 2011Q4 and 2012Q1 growth. Investment proposals and next week's noteworthy events: We

This week, we recommend the listed companies YOUNGOR, news bird and Lu Tai A.

The earnings forecast of listed companies is still in the process of downgrading. The focus of the current market is the certainty of performance. At the same time, as the overvalued value is mainly based on high growth, due to the uncertainty of growth, the undervalued enterprises will be paid more attention in the short term.

Based on this, choose the above enterprises.