Textile And Apparel Industry Weekly: The Industry As A Whole Is In A Dilemma, And Clothing Sales Are Under Pressure.

< p > Market Review: this week, the a href= "http://www.91se91.com/news/index_cj.asp" > Shanghai and Shenzhen 300 index < /a > rose, the whole week closed at 2303.48 points, 1.11% higher than the previous week, most industries rose, the textile and garment industry rose 1.51% throughout the week, and the trend is slightly stronger than Shanghai Shenzhen 300 index.

A shares: spinning and weaving plate +1.51%, plate ranking (9/23), textile manufacturing +2.12%, clothing home textiles +0.90%.

Shanghai and Shenzhen 300 (+1.11%), Hua Sheng shares +12.93%, Pathfinder +12.76%, Kim Feida A+10.83%, George White +9.53%.

Hong Kong Stock: -0.68%, Hang Seng Index (+1.89%), flying international +9.30%, Daphne international +9.18%, Wei Gao international +8.70%, and +4.94% international +4.94%.

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< p > industry data: the total textile price index of Keqiao this week is 105.89 higher than that of last week's -0.04%. In November, the number of clothing retail sales of hundreds of large retail enterprises in the country rose slightly in October 2013 compared with last month (in October 2013, the growth rate of clothing retail sales decreased by 0.3% compared with the same period last year); in November, < a href= "http:// www.91se91.com > > clothing shoes and hats > /a > commodity retail price index +1.88%, textile category +1.05%, the growth rate was lower than the downward trend; this week's national cotton 328+0.08%, 328+0.08%.

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(P) industry information: (1) in November, the number of retail sales of major retail enterprises in China increased by 0.2% (2) over the same period last year. The performance of Prada Q3 was worse than expected, and the growth in the Greater China region slowed down (3). A href= "http://www.91se91.com/news/index_f.asp" > Adidas < /a > China opened 1000 stores a year, aimed at medium-sized cities (4), Valentino returned to China, and opened 150 stores in 2014.

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< p > Company dynamics: (1) Wordsworth shares (002494, Holdings): in December 25, 2013, the application of the company's non-public offering was approved (2) Pathfinder (300005): to meet the needs of the company's controlling shareholder's development and to reduce its financing costs, the company decided to provide financial assistance of not more than 10 million yuan, and charge interest at the benchmark lending rate of the same period of the bank.

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< p > Company announcement and industry news: A shares: Pathfinder: a notice to provide financial assistance to the controlling shareholder, arkanno: no more than 10 million yuan in financial aid; landform shares: Notice on obtaining the certificate of use of 76654.4 square meters of state-owned land area; fuanna: about the six months of controlling shares in the East, it is expected to reduce 7% of the total share capital and about 47982480 shares; the China International Group: the land use right of the wholly owned subsidiary is located at the location of the original plant, the purchase price is about 195 million yuan, and the estimated assets income is about 155 million yuan.

News: the new trend of our country's manufacturing industry moves: the cost of textile enterprises is rising first to the United States, and the new standard of the national leather and clothing industry is made by Haining in Zhejiang; the sports brand is regress to reason, and the channel construction is renewed; the United States will decide to cancel the import tariff of the footwear products; the South Korea camping market is hot, and the outdoor enterprise is frantically snatching.

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< p > brand fashion: (1) vip.com will push the "buyer's" electricity supplier next year.

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< p > investment strategy and suggestion: the retail data in November show that the brand clothing consumption is still lingering at the bottom. We judge that the bottom of brand retail is expected to be established as early as the middle of 2014. Before that, the industry is difficult to have a large overall market. However, the Industry Valuation determines that the overall decline of the industry is also limited. In the short term, the major sub sectors that have improved the report are mainly public leisure and home textile companies. In the long run, we believe that the brand enterprises that truly strive to enhance product differentiation and customer experience and ensure this strategic goal through the system and system can really win and have broad room for development.

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 paying attention to Pathfinder (300005, overweight) and home textiles (002293, buy).

Daily chemical giant Shanghai Jahwa (600315, buy) is still our long-term emphasis on the recommended strategic varieties.

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< p > main points and investment suggestions: brand clothing: in December 7th, we reported that the major shareholders of the Pathfinder completed the 2013 reduction and purchase highlights, and valued the value of the Pathfinder investment. The strategy of comprehensive pformation of the Internet in the medium to long term was widely recognized by the market.

Roley home textiles successfully completed the online and offline brand switching. It is expected that online sales will reach nearly 400 million yuan in 2013, LoVo will reach 200 million yuan, and the growth rate of LoVo in 2014 will be high.

In 2014, the brand apparel industry "overweight" rating, stocks recommended Pathfinder, Luo Lai home textiles, Semir costumes, Fu Anna, keno technology.

Textile manufacturing: long staple cotton rose three months after the national day, or 2000-3000 yuan / ton, the price has dropped since November, and the price is still high.

Internationally, punma cotton has gone down slightly.

Some domestic textile leaders correctly judge the trend of long staple cotton and purchase low staple cotton and Pima cotton at a low price in advance.

At present, the long staple cotton and Pima cotton have dropped slightly, and the long staple cotton yarn has also dropped. This investment opportunity belongs to the stage investment opportunity, if does not continue to rise, the raw material impetus or here.

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