• <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 >

    Semir Costumes: Endogenous Growth From Extension To Products

    2013/7/7 17:25:00 40

    Semir CostumesSemirCostumes

    < p > Huatai Securities recently released Semir's a target= "_blank" href= "http://www.91se91.com/" > dress < /a > Research Report, this year Semir brand recovery growth.

    Since last year, there has been a lot of adjustment: short term measures: going to stock, closing down unprofitable stores, simplifying the work process and reducing investment in investment; long-term measures: from extension to product growth, adjusting product line, style line to cover more consumers, and extending the age from 16-25 to 16-30 years old.

    Short term measures have been reflected this year, and long-term measures are cumulative increments.

    < /p >


    < p > Bala children's wear brand keeps the original growth track, and has obvious advantages in domestic brands.

    Bara's retail income last year was 4 billion 500 million yuan, while the back brand was only about 1 billion yuan.

    30% of the more than 3000 stores are in shopping centers and department stores, indicating that they have performed well in the new channel and have successfully broken through the street store outlets.

    The next step is to create a more comprehensive product line and style line.

    Originally Bala was 3-12 years old and was about to launch: the brand Mini Bara, the 0-3 year old baby dress, had been well prepared by the previous two years, 12-14 years old children's wear, Bala -junior, and Bala accessories brand, including Tong < a target= "_blank" href= "http://www.91se91.com/" > shoes < /a > stationery, etc. at present, Bala children's shoes rank the top in the total sales volume of children's shoes, indicating that Bara also has space and status in this category.

    At the same time, relying on good brand awareness and products will continue to enter the shopping mall and the electricity supplier market, ranking the top in the electricity supplier.

    < /p >


    < p > medium and high-end M & a business is a steady and continuous implementation process.

    In addition to GXG acquisition, the company also has high-end Korean women's clothing, European men's wear, children's wear brand is also discussed in cooperation, GXG channel resources, contacts, operational experience can be shared.

    From the perspective of industry development and company business scale, we believe that the scale of young casual wear and children's clothing has entered the stage of differentiation and refinement.

    Although business pressure is not high in the short run, it is hard to expect a bigger performance in the future.

    In the medium and long term, relying on the advantages of existing resources, multi brand is the main growth path of the company in the future. If the effect of merger and acquisition integration is ideal, it will be the highlight of the company's investment value.

    < /p >


    < p > for the GXG acquisition, maintain the previous view: the acquisition target has a real EPS contribution. If the more detailed disclosure of GXG in late stage exceeds the market expectation, it is also one of the driving factors of the company's share price.

    < /p >


    < p > the company's investment logic is mainly reflected in its performance improvement this year.

    Thanks to the company's strong efforts to inventory and control fees, although the overall consumption is still in the doldrums, the company's performance is better than that of the same brand.

    We expect medium-term revenue growth to be around 5% and earnings in the two quarter are expected to be positive (originally judged in the three quarter).

    Profit improvement will mainly be reflected in gross margin and cost rate.

    < /p >


    < p > from the whole year: we should carefully consider consumption warming and replenishment. We expect annual revenue and profit to be 10%-15%.

    It is prudent to expect that the GXG acquisition will be thickened by about 0.07 yuan this year (EPS is actually the most profitable season in Q4).

    It is estimated that the EPS will be 1.30/1.54/1.84 yuan for 13-15 years (if thickening EPS is 1.37/1.88/2.24 yuan).

    Maintain the company's "increase" rating.

    < /p >

    • Related reading

    太行紡機腳踏實地的去改變

    Company news
    |
    2013/7/4 20:09:00
    22

    What Magic Weapons Do Decathlon Rely On To Attack The Chinese Market?

    Company news
    |
    2013/7/4 14:05:00
    44

    LVHM Received A 8 Million Euro Ticket For Hostile Takeover Of Hermes.

    Company news
    |
    2013/7/4 14:02:00
    18

    What Is The Significance Of Semir 2 Billion'S Acquisition Of GXG?

    Company news
    |
    2013/7/4 9:52:00
    3166

    Nike ADI Holds A Debate Between Ideal And Reality In China Market

    Company news
    |
    2013/7/3 15:32:00
    34
    Read the next article

    Kai Chi House Explores Children's Clothing, Wearing A Light And Elegant Retro Flavor.

    The 2013 winter new product conference of the Chichi house is like a dreamy, hazy dream of ice and snow, and the fashionable beauty of children's clothing is illustrated by a series of distinct styles, a new and unique tailoring technology. As for the three series of new products, Chen Jinling, chief designer of the Chi Chi house, emphasized more than once that children's clothes and adult wear are the best ones that only suit you.

    主站蜘蛛池模板: 免费无码一区二区三区蜜桃大| 年轻的妈妈在完整有限中字第4| 国产欧美亚洲精品| 亚洲国产成人精品久久| 91香蕉国产在线观看人员| 波多野结衣一区二区| 在线观看一二三区| 国内精品久久久久久99蜜桃| 免费国产成人午夜电影| rbd奴隷色の女教师4| 福利网址在线观看| 天天插在线视频| 亚洲欧美精品久久| 1000部拍拍拍18勿入免费视频软件 | 久久精品国产免费观看三人同眠| 国产精品吹潮香蕉在线观看| 浪小辉chinese野战做受| 在车子颠簸中进了老师的身体| 亚洲精品成人网站在线播放| 一本加勒比HEZYO无码专区| 色狠狠一区二区三区香蕉| 无码一区二区三区在线观看 | 欧美成人性动漫在线观看| 最好看的免费观看视频| 国产区香蕉精品系列在线观看不卡 | 性欧美videos另类视频| 催眠体验馆最新章节| 中国武警gaysexchina武警gay| 精品国产av一二三四区| 大香伊蕉日本一区二区| 亚洲国产精品无码久久| 黄色大片免费网站| 成年日韩片av在线网站| 免费大香伊蕉在人线国产| 91av小视频| 日韩一级在线视频| 午夜精品久久久久久久99热| 99爱在线精品免费观看| 桃花视频性视频| 国产不卡在线看| 中文字幕手机在线免费看电影|