Winter Sales And Annual Reports Are Not Expected To Increase.

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< p > Market Review: this week, the Shanghai and Shenzhen 300 index fell, the whole week closed at 2290.78 points, 0.55% lower than the previous week, most industries rose, the textile and garment industry rose 0.28% throughout the week, slightly stronger than the Shanghai and Shenzhen 300 index.

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< p > industry information: (1) Blackstone Group denounced $200 million to invest in Crocs brand (2) the trend of electricity supplier development in 2014: cosmetics are irresistible (3) international cosmetics brand Revlon withdrew from China (4) O2O instead of "channel + marketing" mode, garment industry pformation and expansion.

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< p > Company dynamics: (1) < a href= "http://pop.sjfzxm.com/popimg/fz/index.aspx" > Semir dress > /a > (002563, overweight): the company lifted the purchase of Ningbo zhe Mu sang holdings limited equity framework agreement (2) Bailong Oriental (601339, buy): Based on the confidence of the development of Vietnam's business, the fifth session of the second board of directors of the company agreed to expand investment in Bailong Vietnam, two times increased the registered capital of 25 million dollars, and the total additional investment was 150 million dollars. After the completion of this investment, the registered capital of Bailong reached 50 million dollars and the total investment amounted to 248 million dollars.

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< p > brand fashion: (1) CABBEEN apparel Yang Ziming: same store sales continued to grow in 2013.

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

< p > 2013 winter cooling time is relatively late and the Spring Festival is coming early in 2014, which is not conducive to the overall sales of the winter wear. From the current tracking situation, we expect that most brands' a href= "http://www.91se91.com/news/index_f.asp" > clothing > /a > the annual performance of the company may be lower than that of the three quarterly report, because we still maintain the short view of the short term industry as a whole.

But at present, the industry valuation determines the overall decline of the industry is also relatively limited. In the short term, the major sub sectors of the report improved earlier are the mass 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 gain new development space.

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< p > last week we recommend the home textiles (002293, buy) and Shanghai Jahwa (600315, buy) have a good performance.

This week we continue to recommend Lu Tai A (000726, buy) (cheap valuation, growth establishment, financial indicators and excellent corporate governance). We also suggest paying close attention to Pathfinder (300005, overweight) and home textiles of Luo Lai.

The daily chemical giant Shanghai Jahwa is still our long-term strategic recommendation.

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

< p > > a href= "http://www.91se91.com/news/index_c.asp" > industry < /a > investment risk comes mainly from domestic retail terminal recovery slower than expected.

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