• <abbr id="ck0wi"><source id="ck0wi"></source></abbr>
    <li id="ck0wi"></li>
  • <li id="ck0wi"><dl id="ck0wi"></dl></li><button id="ck0wi"><input id="ck0wi"></input></button>
  • <abbr id="ck0wi"></abbr>
  • <li id="ck0wi"><dl id="ck0wi"></dl></li>
  • Home >

    Investment Analysis Of China'S Textile And Garment Industry In 2012

    2012/12/12 14:58:00 39

    TextileTextileTextile And Garment Industry

    < p > < strong > 12 years, the plate will rise first and then suppress, and then fall down, /strong /strong > < /p >.


    < p > up to the beginning of the year, the textile "a href=" http://www.91se91.com "> clothing < /a > plate falls in the last third of all plates, and the second half is the first to decline.

    We think: 1, terminal failure is the root cause of the problem: the main reason is the decline of real consumption ability of residents and the cost performance of products is not as good as before.

    2, the poor performance of orders and the appearance of inventory pressure are the fuse.

    3, the downward trend of performance accelerated the decline in share prices.

    < /p >


    < p > strong > 13 years is still hard to be optimistic, structural opportunities look good in the second half of the year < /strong > /p >


    < p > plate PE and PB are close to the bottom of 08 years, but this fall reflects more investors' concerns about the business mode of the industry, and the downside of future performance may be whether the valuation is still cautious.

    At present, China has formed M consumption. Under the background of the widening gap between the rich and the poor, luxury and low-end consumption are gradually eroding the space of the mid-range brands, and the future operation of the high-end brands will face severe challenges.

    < /p >


    < p > the extensive expansion mode is difficult to continue in the future, and the optimization of single store efficiency is imminent. The valuation < a href= "http://www.91se91.com/news/index_cj.asp" > premium < /a > will also be gradually pferred to the company with high performance and continuity, rather than the high growth in the current period.

    Next year, the textile industry will be better than Brand Company in terms of performance growth trend, mainly driven by low base this year, but the industry fundamentals are still poor.

    In terms of structural opportunities, the risk in the first half of the year is greater. In the second half of the year, investors anticipate more clearly, and the stock pressure is expected to ease. The optimistic forecast plate opportunity first appeared in the three quarter.

    < /p >


    < p > investment logic: looking for smaller companies with relatively low operating pressure and the first sub sectors that are expected to go out of the trough. We think that the pressure of search business is relatively small, mainly due to the low scale of the company's revenue, small shop base and good cash flow situation. In the 12 years since the beginning of the year, Southern China has used large stores with low discount rate to reduce the risk of inventory, and the price has always been lower than the US bond and Semir 20-30% to maintain competitiveness.

    < /p >


    < p > distributor < a href= "http://www.91se91.com/news/index_s.asp" > net interest rate < /a > has declined from a vertical view. It is still better than its competitors in the horizontal view, and needs to pay more attention to the sale speed of terminal products in the future.

    The domestic textile industry is expected to take the lead in going out of the trough. Before the pressure of overloading and the sharp drop in real estate control and strict demand, the Chinese listed companies will suffer a heavy blow.

    Subjectively, the company still emphasizes on opening stores, grasping sales and grabbing shares. It is not known that in the last two years, the industry downturn should vigorously adjust the management ideas and get out of the differentiated route.

    In the past 13 years, the deterioration trend of financial data of home textile companies has improved slightly. Closing the invalid shops and optimizing the efficiency of single stores will also take the right road. If the real estate sales data have a continuous good trend, the configuration can be considered in the second half of the year.

    < /p >


    < p > < strong > risk warning < /strong > < /p >


    < p > Terminal recovery is lower than expected; inventory digestion is lower than expected; orders will be lower than expected; single store optimization is lower than expected.

    < /p >

    • Related reading

    Home Textile Products Have Become The Next "Fast Fashion" Consumer Goods.

    Market prospect
    |
    2012/12/5 17:25:00
    18

    Voight Loves 2012 Asian Gymnastics Championships

    Market prospect
    |
    2012/11/22 20:12:00
    29

    Many Projects Will Be Located In Jimo, 80 Billion To Build Second "Clothing City".

    Market prospect
    |
    2012/11/21 11:33:00
    21

    Be Careful And Professional -- Warning From China'S Clothing Industry

    Market prospect
    |
    2012/11/19 11:38:00
    21

    Bright Future Of Textile And Garment Industry

    Market prospect
    |
    2012/11/17 15:00:00
    76
    Read the next article

    Analysis Of Textile Industry Data Of Shaanxi Province In 2012 Before October

    According to statistics, in the 1-10 month of 2012, Shaanxi's textile industry above Designated Size reached 17 billion 366 million yuan in industrial output value, an increase of 19.7% over the same period last year, pushing the province's above scale industrial growth by 0.25 percentage points. The total output value of light industry reached 200 billion 859 million yuan, up 25.6% over the same period last year, and the total output value of light industry increased by 6.3 percentage p

    主站蜘蛛池模板: 嫩的都出水了18p| 精品亚洲成a人在线观看| 极品人体西西44f大尺度| 国产精品视频无圣光一区| 亚洲熟妇丰满多毛XXXX| 99久热只有精品视频免费观看17| 91短视频在线免费观看| 精品日本一区二区三区在线观看| 成年美女黄网站色| 吃奶摸下激烈视频无遮挡 | …久久精品99久久香蕉国产| 练瑜伽的时候进入| 小屁孩cao大人免费网站| 免费无码又爽又刺激高潮| japanese国产中文在线观看| 爱情岛论坛免费视频| 国产裸拍裸体视频在线观看| 亚洲国产欧美日韩一区二区三区| jizzjizz成熟丰满舒服| 特级毛片a级毛片在线播放www| 在线中文字幕观看| 亚洲大尺码专区影院| 999福利视频| 欧美日韩精品在线| 国产真**女人特级毛片| 久久国产精品99精品国产987| 激情综合五月天| 日本大乳高潮视频在线观看| 国产FREEXXXX性麻豆| 一级毛片免费全部播放| 玉蒲团之天下第一| 国产精品美女久久久久av福利 | 亚洲av永久精品爱情岛论坛| 黑色丝袜美腿美女被躁翻了| 无码国模国产在线观看| 免费看黄色a级片| 91人人区免费区人人| 波多野结衣一区二区| 国产精品亚洲片夜色在线| 久久国产亚洲欧美日韩精品| 精品无码久久久久久国产|