The Retail Sales Of Textile And Garment Industry Have Gradually Recovered, And The Double Growth Share Is 20%.

As of yesterday, 80 textile products in Shanghai and Shenzhen two cities

Among the companies, 53 have disclosed the data of China Daily. At the same time, 16 listed companies in the textile and garment industry have reported the growth of net profit in the report, and the three quarter results are preoccupied, that is, 16 double growth companies account for 20% of the total industry.

Analysts believe that the current

Stocks have released the risk of a decline in performance. Based on expectations for stability, high quality companies can give proper attention to them.

Double growth of 16 companies

From the specific situation, IFIND statistics, in the 16 three quarterly results of the pre hi company, a slight increase of 12, 3 increase in advance, 1 losses.

Among them, the *ST Far East notice, which issued a loss making announcement, increased by 189.47% in the three quarter.

In addition, in the three quarter of the year, the companies whose net profit margins exceeded 50% were, respectively, Thailand shares (002517, stock bar) (90%), search special (002503, stock bar) (70%), card slave Road (002656, stock bar) (60%), seven wolves (50%), honzi share (002612, stock bar) (50%) and Hongda high tech (50%) stock (50%), etc. in 2012, the net profit margin of the forecast for the quarter ended exceeded the net.

From the results of the interim report, 16 of the textile and apparel stocks that have reported the growth of net profit in the middle of the report and the three quarter results are predisposed to the textile and apparel stocks. In 2012, there were 4 stocks with a year-on-year growth rate of more than 50% in China's net profit, which were: Thailand shares (161.03%), *ST Far East (148.19%), Hong Da Gao (63.89%) and card NDI Road (51.65%).

In addition, in 2012, the median operating profit increased by more than 50% over the same period last year, respectively. The operating profit of the Far East in 2012 was up to 149.52% over the same period of 2012. The operating profit of the company reached 63.81% in 2012, and the profit growth rate of 2012 in 2012 was 52.06%.

From the market performance, as of yesterday, the Shanghai Composite Index fell 0.55%.

And from the 16 market performance of the textile and apparel stocks that have disclosed the net profit of the Chinese newspaper and realized the three quarter results, 10 stocks have been rising since August and 62.5%.

Among them, since August, up to 10% of the increase has been Jin Fei Da since August, up to 25.04% since August, and the TTM is 143.28 times; the 100 round pants industry (002640, stock bar) has risen 11.89% since August, and the TTM is 18.79 times; Thailand shares have increased 11.49% since August, and 20.75 times the price earnings ratio (TTM).

Retail sales are getting warmer

From a fundamental perspective, it is reported that retail sales volume and retail sales volume of clothing products increased by 9.82% and 0.99% in 1-6 months respectively, showing a rising trend compared with the first quarter.

It's better than 7.41% and -2.87% in 1-3.

The trend of retail sales is expected to continue: the first is based on the low base in the second half of 2011, and the two is the 2013 Spring Festival sales season, which has been extended for nearly 18 days.

At the same time, imports and exports, in 2012 1-6 months, China's textile and apparel exports totaled 111 billion 699 million US dollars, an increase of 1.63% over the same period last year, the growth rate decreased by 0.43 percentage points compared with 2.06% in 1-5 months.

Among them, the export of textiles was US $46 billion 476 million, an increase of 1.29% over the same period last year, and exports of clothing and accessories reached US $65 billion 814 million, an increase of 1.87% over the same period last year.

From the link data, textile and garment exports in June amounted to $22 billion 888 million, an increase of 4.83% over May, and a new export high since the beginning of the year (the highest level was $21 billion 834 million in May).

Among them, exports of textiles amounted to 8 billion 408 million US dollars, a decrease of 8.88% compared to the same period, and exports of garments and accessories reached US $14 billion 480 million, an increase of 14.86% over the same period.

In this regard, the Capital Securities believes that as China's labor factor prices continue to rise, driven by the

Prices have risen, and prices of some products have been higher than those of other Asian exporting countries, such as sweaters and dresses.

Focus on quality companies

From the investment point of view, Founder Securities (601901, stock bar) believes that the recent textile sector theme hype is more, the industry inflection point has not yet appeared, the external market demand is still relatively low, the overall volatility of the textile sector is more likely.

We can pay close attention to the high quality manufacturing leading enterprises that have fully reflected the pessimism of the future and expect to improve the downstream demand: Lu Tai A.

In addition, the clothing and home textile sub sectors, in the weak market environment, the performance of the brand clothing business determined by the growth of good defensive, in the medium and long term, we are optimistic about the Pathfinder (300005, stock bar), search in special, LAN Zi shares, nine Mu Wang (601566, stock bar) and seven wolves.

Recently, the performance of Chinese newspapers has been cashed in recent years. Brand clothing enterprises are short of stock price catalysts in the short run, valuing or putting pressure on them, focusing on the spring and summer ordering of brands in 2013.

A small number of special stocks because the good business fundamentals can surpass the overall business cycle, the overall apparel stock follows the law that the share price performance and retail sales growth are almost the same at the same time, but the stock price performance is 3-6 months ahead of the retail sales growth.

Shanghai securities estimates that the growth figures for apparel retailers are expected to be near the bottom in the next quarter, which is the opportunity for the layout of clothing stocks.

From textile

In terms of investment strategy, GF Securities (000776, stock bar) said it firmly holds the value of the retail of high quality clothing.

At present, the valuation of brand clothing is at the bottom.

The price adjustment of this round of men's clothing is derived from the valuation adjustment brought down by the downward adjustment of the performance of the home textile (002293, stock bar), and the adjustment of about 15% is basically in place.

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

In short, China is the beneficiary of industrial pfer, but when cheaper competitors appear, this rule will play a role. The profit driven nature of capital will inevitably drive the pfer of orders to low cost regions. China's share in the global textile and garment export market will continue to decline in the future, but in the short term, China will not be replaced by a complete industrial chain and a high quality of laborers.

The valuation level of the plate has now dropped significantly, and the capital stock believes that the current share price has released the risk brought by the decline in performance. Based on the expectation of stable performance, the quality company can give due attention.