Textile And Clothing Industry: Grasp The Annual Quotes &Nbsp; Wait For The Dawn.

Weekly market review and views

This week, Shanghai Composite Index, Shenzhen stock index and Shanghai and Shenzhen 300 rose 0.22%, 0.25% and 0.14% respectively.

Everbright textile and garment sector rose 2.05%, of which textile and clothing sectors rose 3.01% and 1.27% respectively.

From the perspective of stocks, the 11 year growth rate exceeds the expected growth rate, such as the search for special (002503) (11 year net profit increased by 91.42% over the same period), and yeco Technology (002036) (11 year net profit increased by 60-70%) weekly gain of 16.53% and 13.83% respectively.

Data of MOFCOM this week: thousands of key retail enterprises in January

A website announced that the retail sales of 50 key retail enterprises increased by 10.58% compared with the same period last year, and the growth rate slowed down 27.38 and 26.89 percentage points compared with the 09 and 06 years of the Spring Festival in January. Among them, the middle end department stores and strong chain department stores (steady growth) performed significantly better than high-end department stores (negative growth).

We believe that the slowdown in the growth rate of clothing retail sales in January is more complicated. The 50 major retail enterprises mainly reflect the retail situation of department stores. According to the research, 11 years stores and other channels will be better than department stores. In recent years, compared with 06 and 09 years, with the increase of residents' income and the change of consumption habits, tourism festivals are becoming more and more popular (12 years of spring festival tourism increased by 14.90%VS06 compared with 13.50% in 09 years), so the total retail sales volume of the first month or 1-3 months after the festival is more significant.

In the short term, it is suggested that attention should be paid to the stocks that exceed expected performance, and the winter export processing enterprises that are benefiting from the cold current in Europe.

Generally speaking, we believe that the downstream replenishment is basically over, and the upstream textile manufacturing stock market has also been reflected. It is recommended that wait-and-see is the main industry, and static industries will obviously turn a good signal.