Export Of Textile And Garment Industry Is Expected To Rebound In The Two Quarter.

Textile manufacturing: exports are expected to rebound in the two quarter

We think

Brand clothing: hesitate to move forward, high-end brand volume and price rise stronger ability.

The economy will be depressed and consumption will be suppressed.

We believe that companies with brand premium capability are expected to go through the cycle and continue to raise prices on the premise of volume increases.

Positioning high-end clothing products, consumers are less sensitive to price, volume and price rising capability is relatively strong.

We expect high quality brand clothing traders to increase their orders in autumn and winter, or become the biggest catalytic factors for short-term stock prices.

The Ministry of Commerce launched the consumption policy in April, which is the medium term catalytic factor in the industry.

At present, the industry dynamic valuation is relatively reasonable.

In the future, the order will be held in 3 and April, the month of April promotion will be promoted, and a quarterly report will be disclosed.

Some high quality brands will be the biggest catalytic factor.

Maintain brand apparel sub industry "buy" rating.

Stock sorting: in the two quarter, the brand clothing sector, the sub sectors we recommend are men's clothing and high-end women's clothing.

The promising companies are seven wolves, card slave Road, newspaper bird, and Lange, and we recommend Hua Fu color spinning and Lu Tai A. We suggest paying attention to the cashmere industry.

Risk warning

Consumer confidence is expected to decline, terminal inventory risk;