The Shock Of Clothing Stocks, George White Institutions Repeated The Same Mistakes, Reluctantly Cut Meat.

A Securities researcher who did not want to be named said that the company's competitiveness was weak and the industry was sluggish. In the prospectus, it said it was difficult to maintain a 20% to 30% increase in the first half of the year.

Listing last year

Share 80% break

Because of his claim to focus on the Chinese professional wear market, George White was once "popular stars" before being listed, which was considered by the agency to be another scarce resource with high growth in clothing listed companies.

However, George White's aura was broken after two days of listing. After the first day's share price rose 10.35%, it fell to the next day and fell below the issue price.

Due to the serious decline in the boom of the garment industry since last year, the listed companies of clothing companies have also fallen into the curse of breaking.

Georges white is the only clothing stock that has been listed since 44.65,0.36,0.81% this year (002656, closing price 42.47 yuan). It is placed in the hope of breaking the curse.

We have noticed that since the clothing industry has stepped into the downlink channel since last year, the clothing enterprises listed after 2011 are almost unable to escape the fate of breakage, including 33.83,0.33,0.99% (002612, closing price of 34.80 yuan), Semir clothing (002563, closing price 23.65 yuan), Busen shares (12.33, -0.03, -0.24%) (002569, closing price 12.08 yuan), and 100 circles trousers industry (9.63, -0.19, -1.93%) (002640, closing price 9.70 yuan) have fallen below the issue price.

According to the incomplete statistics, from 2011 to date, there were 5 clothing stocks listed, of which 4 were broken, and the breaking rate was as high as 80%.

George White, who broke the spell, broke hands yesterday. The turnover was as high as 20%. When the stock price fell all the way, it sold more than 6 million 950 thousand yuan.

Brokers: business lacks highlights

It is worth noting that, as the second listed garment companies listed on A shares this year, Georges White said in the prospectus that the growth rate in the first half of the year will reach 20% to 30%.

"I think Georges white has to ensure that the growth rate of 20% to 30% performance in the first half of the year is somewhat difficult," said the researcher who declined to be named.

The main competitors in the company are YOUNGOR (8.83,0.01,0.11%), 13.15,0.04,0.31%, Hinur (9.51,0.00,0.00%), and so on.

We also noted that sales of Georges white wear were also shrinking.

Hualin securities research report pointed out that, "affected by the economic downturn at home and abroad, most business groups have compressed the purchase budget of the professional clothing, resulting in a slowdown in the downstream customer demand of the company's professional wear, and the company has more stock at present."

From 2009 to 2011, sales of professional wear accounted for 78.84%, 82.28% and 86.87% of main business income respectively.

"Compared to other A share clothing listed companies, George White although the main business is outstanding, but its own lack of bright spots, at present needs to see the city scene magnanimity", the former anonymous broker researcher said so.