ZARA Brand Clothing Boss Wealth Super Buffett Brokers Views Summary

According to media reports, Amancio Ortega, founder of Inditex SA, replaced Warren Buffett yesterday as the world's third richest man in the world, according to media reports. Dick, SA

As Indy Dick shares rose 3.8% yesterday to a record high, 76 year old Ortega's fortune also increased by $1 billion 600 million to $46 billion 600 million, making the Zara owner of the clothing chain more than Berkshire chairman Buffett.

Buffett has a net worth of $45 billion 700 million.

Views of securities firms

GF Securities: firmly hold high quality apparel retail stocks.

Current brand

Plate valuation is at the bottom.

The price adjustment of this round of men's clothing companies is based on the valuation adjustment brought by the downward revision of the performance of the home textile products, and the adjustment is basically down to about 15%.

Investment strategy: the layout strategy of textile and garment sector in August was partial defensive.

In terms of stock selection, it is suggested to buy seven wolves, nine shepherd kings, good news birds, and card slave road.

Concerned about the early adjustment of a larger range of home textiles (the release of bad air, low valuation, the second half is expected to achieve after inventory rebounding).

Founder Securities: textile manufacturing sub industry: industry inflection point has not yet appeared, external market demand is still relatively low, the overall volatility of the textile sector is more likely.

Clothing home textile sub industry: in the weak market environment, the brand clothing enterprises that have established the performance increase have better defensiveness. In the medium and long term, they are optimistic about Pathfinder, search for special, YOUNGOR, nine herd king and seven wolves.

Remind investors to pay attention to the recent home textile plate and part of the lower than expected brand clothing enterprises valuation callback risk.

Galaxy Securities: maintain the "prudent recommendation" rating for the industry.

Since the middle of July, brand clothing has been greatly reduced, with less than expected performance and worries about ordering in spring and summer in 2013.

There is a lack of catalyst in the short term of the apparel sector (the medium term performance has been fully anticipated, and the order growth rate will not become a catalyst), but there is no need for further reduction in the current market structure, and men's clothing buying is coming gradually. First, the existence of epitaxial expansion leads to a better growth rate compared with other industries, and the two is to switch to valuation in the second half of the year.

Based on the expected performance of clothing, we should maintain a "prudent recommendation" rating.

In the near future, it is recommended that listed companies, such as Rand, shares, news birds, seven wolves and AOKANG international, will pay attention to YOUNGOR and Lu Tai on the basis of high dividend proposals.

Among them, the stock is mainly based on the following points: the relative undervaluation of growth stocks and the relatively fast expansion of channels.

According to the company's brand operation ability, the news birds have a relatively high growth rate in 2012, and more than 80 stores in 2011 drive the performance of 2012.

The seven wolves are mainly based on the brand operation ability and product development ability of the company in the high-end men's clothing; the growth rate of the 2012 will be relatively high; and the potential of the agent's channel integration.

AOKANG international is mainly based on undervalued and deterministic performance.

Orient Securities: optimistic about brand clothing companies, weakening manufacturing export companies.

In terms of molecular industry, the investment value of men's clothing, middle and high-end women's clothing and outdoor is clearer. The strategic layout of home textiles is clear after the three quarterly report, and the investment opportunities of public leisure are even later than the end of the year.

There were no changes in the recommended varieties throughout the year 2011: Nine herd Kings (601566, buying), seven wolves (002029, buying), Pathfinder (300005, overweight), long Zi stock (002612), Shanghai Jahwa (600315, buy), and fuanna (002327, buying).

In the near future, it is particularly recommended to pay attention to men's clothing, double male and nine herding Kings (601566, buying) and seven wolves (002029, buying) because of the strategic intervention opportunities brought about by adjustment, and the anticipated relative clearer, the high margin of safety margin (002612, overweight), AOKANG International (603001), and good news birds (002154).