Textile And Garment Industry Three Quarterly Bulletin Results Differentiation Obvious

As of October 15, 2012, Shen Wan

Of the 79 listed companies, 48 announced the three quarterly bulletin in 2012, including 24 textile manufacturing and apparel home textiles companies.

In the 48 announced performance forecasts, 6 increased slightly, 14 increased, 5 continued to increase, slightly reduced 10, pre reduced 4, continued losses 5, and first lost 4.

The number of companies increased by a slight increase of 41.67%, of which 15 were clothing and home textile companies, 5 were textile manufacturing companies.

Chinese men's wear, outdoor products and high-end women's clothing company's performance expectations are relatively good.

Textile manufacturing companies are the most common companies in pre reduction, reduction, loss and continued losses.

Judging from the current forecast, the three quarterly performance of textile and clothing is expected to be worse than the two quarter of this year and the same period last year.

There are slightly better companies, including seven wolves (growth 30%~50%), good bird (25%~45%), Rashi shares (20%~50%), Jiangsu three friends (20%~50%), Huashi shares (10%~40%) and fuanna (10%~30%); 4 pre cut companies: Xun Xing share (decline), Huafu color spinning (decline), Shandong Ruyi (down) and Mei Xinda (decline); among the slightly reduced companies, there are 5 brand clothing companies, namely Kaiser shares (decline), Meng Jie home textiles and Saturday (all decline), Semir, Semir and Semir respectively. According to the data of the specific companies, the 6 companies increased by 60%~90%, 50%~70% and 40%~70% respectively.

(decrease 20%~50%) and Jialin Jie (down 30%~50%).

Overall, the performance of textile manufacturing companies declined more, while the performance of brand clothing companies differentiated significantly.

In the first three quarters of 2011, textile and apparel companies performed well under the influence of the sharp rise in cotton prices, the increase of terminal products and the confidence of consumers. The two tier market was eye-catching.

However, since the fourth quarter of 2011, weak external demand, high price of terminal products, declining consumer confidence and substantial increase in inventories have made textile and clothing exports and domestic sales slow down, and the industry trend is weaker than the market.

Since the beginning of 2012, the textile and garment sector has fallen by 8.84%, or nineteenth of the nineteenth industries in Shanghai, while the Shanghai and Shenzhen stock markets have fallen 1.76% in the same period.

In the first quarter of this year, export oriented textile manufacturing stocks and strong stocks of early stage were sharply callback; with the annual report quarterly disclosure, relatively good annual results support the expansion of the market in March and April; in the two quarter and the three quarter, the industry fundamentals did not improve at all, and the performance of the newspaper declined, and the overall performance of the market was weaker than the overall market.

The top 5 stocks from the beginning of this year are public and shares, search for special, ST, A, cashmere, and Pathfinder.

Although the export data of textile and garment in September have picked up, the export situation is still grim.

The frequent introduction of cotton and foreign trade policies in the near future will bring some policy stimulus to textile and garment exports, but the real improvement of the situation needs to wait for the recovery of demand.

With the development trend of different brands, the future differentiation will continue to intensify.

The fourth quarter belongs to the peak season of industry, and the base is low in the same period last year. Therefore, the plate will retain certain valuation repair opportunities.

Fourth quarter investment strategy, continue to be optimistic about the industry pattern stable, steady growth of men's wear plate and benefit from consumption upgrading, in the rapid expansion of the high growth of outdoor products and high-end women's wear plate; home textiles and leisure wear plate after the initial adjustment, if the sub industry fundamental improvement, may bring stage trading opportunities; in the short term,

The data of domestic and order will continue to affect the trend of the plate. The choice of stocks is recommended as a target of investment with sound operation, good performance expectations and sustainable growth of blue chip stocks.