Textile And Apparel Industry Weekly Concerns Undervalued Blue Chips And Home Textile Leisure Faucets.

< p > < strong > Market Review: < /strong > < /p >

< p > > a href= "http://www.91se91.com/news/index_s.asp" > Shanghai and Shenzhen 300 index < /a > fell this week, the whole week closed at 2278.14 points, 5.34% lower than the previous week, all industries fell, the textile and garment industry fell 3.93% throughout the week, slightly stronger than the Shanghai and Shenzhen 300 index.

< /p >

< p > < strong > industry information: < /strong > < /p >

< p > (1) Bosideng closed stores in half a year, the stock increased sharply to 2 billion 700 million (2) camel women shoes online sales exceeded BELLE, the mainstream brand was attacked by the network (3) the luxury goods growth rate in mainland China slowed down, the consumption of women rose rapidly (4) Nike Nike two quarter net profit increased 40%, China reappeared growth.

< /p >

< p > < strong > Company dynamics: < /strong > < /p >

< p > (1) Shanghai Jahwa (600315, buy): the company has formulated specific rectification measures aiming at the problems raised in the decision of "Shanghai Shanghai Jiahua Abt Associates Inc taking corrective actions" under the < a href= "http://www.91se91.com/news/index_s.asp" > < < http://www.91se91.com/news/index_s.asp > > < /a > > making detailed plans for the rectification measures, responsible persons and completion time (2) the card slave Road (002656): the company has recently received the notice issued by the Guangdong science and Technology Department, and agreed to set up the Guangdong engineering design research center.

< /p >

< p > < strong > brand fashion: < /strong > /p >

< p > (1) Nike: the top sports giant of the world is testing the water O2O apocalypse.

< /p >

< p > < strong > investment strategy and suggestion: < /strong > < /p >

< p > we judge that the bottom of brand retail is expected to be established in the middle of 2014. Before that, the industry may be more difficult to have a large overall market. However, some of the companies that take the lead in establishing the bottom of operation (mass leisure and home textile companies) or companies with clear strategy on line and offline will gradually have medium term < a href= "http://www.91se91.com/news/index_s.asp" > investment value < /a >.

This week we continue to recommend Lu Tai A (000726, buy) (cheap valuation, growth establishment, financial indicators and excellent corporate governance). At the same time, we recommend that we pay attention to Luo Lai home textile (002293, buy), fuanna (002327, buy) and Pathfinder (300005, overweight).

Shanghai daily chemical giant Jahwa four quarter revenue growth is expected to significantly improve the ring, we judge that with the early settlement of the letter to solve the problem gradually, the valuation will be gradually restored.

< /p >

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

< p > industry investment risk mainly comes from domestic retail terminal recovery progress slower than expected.

< /p >