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Textile And Apparel: Investment In Brand Clothing

2012/1/29 14:40:00 10

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Industry production

Boom degree

able to achieve stability

The boom of textile and garment production is beginning to stabilize.

2011 1-11 months above the national scale

Textile and clothing

The yarn output of enterprises increased by 12.46% compared to the same period last year, and the output of cloth increased by 13.25% compared with the same period last year. The output of clothing increased by 8.52% over the same period last year, and the value of the same period last month was 11.82%, 13.40% and 9.43%.

In 2011, the added value of textile industry increased by 8.3% compared with the same period last year, rising 0.5 points in the same period, increasing by 12.7% in December and 2.6 points in the same month.

Raw material prices rose slightly

Cost support, planting intention decline and purchasing and storage factors, cotton prices rebounded.

The price of 2011-01-19 national cotton 328 has climbed to 19196 yuan / ton, 195 yuan higher than the current low point; the international cotton price cotlookA (FE) 2010-1-18 is 102.65 cents / pound 4.5% higher than the current low point.

terminal

Prices continue to rise.

The terminal price shows that in 2011 1-11, the price of our textile and clothing exported to the United States was 1.62 US dollars / square meter, up 9.43% compared with the same period last year. The retail price of the large shopping malls in 1-10 months was 378 yuan / piece, up 18.38% over the same period last year.

Export growth rate down

Lewis's turning point is approaching, and East Asian countries have strong exports.

In the 1-12 months, the export volume of textiles and clothing was US $247 billion 900 million, an increase of 20% over the same period last year, and the growth rate decreased by 1.2 points.

The top 10 countries exporting to the United States had positive growth in November only in India, Vietnam and Indonesia.

Domestic garment sales growth rebounded in December

In December 2011, the retail sales volume of 50 key shopping malls in the country increased by 21.4% over the same period last year, and the growth rate rebounded, representing a 3.8 percentage point increase over the same period last year.

Growth factor shows that the growth of clothing retailing is shifting from price to quantity.

Retail sales continued to grow at a low digit figure in 2011.

Brand clothing investment is coming.

Combined with price and sales volume, we maintain the 1Q industry's profit growth.

Brand clothing has been gradually adjusted to the advantage of valuation.

As of 2012-01-19 brand clothing PE (TTM) 21.58 times, less than 25.36 times the small and medium-sized board.

Judging from the valuation history, in October 2008, the valuation of brand clothing was 55% higher than all A shares, which is currently 63% higher than that of the total.

Specialization and cultural precipitation remain the focus of investment in brand clothing.

A company with a continuous brand culture and a sound sense of social responsibility will still be the first choice for investment: "loving family" concept, "Hi culture" and Wolf Totem will continue to upgrade the art and cultural concepts of new and old customers, and promote continuous growth of the company.