Clothing And Textiles: Pay Attention To The Advantages Of Stocks And Ease Financial Management

< p > since the beginning of the year, the terminal < a href= "http://sjfzxm.com/news/index_f.asp" > Sales > /a > has been warmer. Although affected by the dislocation of the Spring Festival, the specific extent still needs to be tracked, but the trend of bottoming up is in line with our earlier judgement.

< /p >

< p > the reason is expected that the overall performance of the industry in 2013 will grow by 5.2% over the same period last year, slower than the 7.3% growth rate in the 3 quarter, which will be affected by the warmer winter and the accelerated adjustment of some companies.

Overall, the annual report is relatively dull, and the performance of individual stocks is somewhat divided: < /p >

< p > < strong > 1) performance is better than expected: < /strong > Meng Jie home textiles (+68%, rapid income growth, effective cost control and investment income account), Lu Tai (+42%, benefiting cotton price rise to raise gross margin).

< /p >

< p > < strong > 2) the performance is lower than expected: < /strong > fuanna (+19%, offline sales slowdown, but the electricity supplier business is a bright spot), Roley (-12%, sales slowdown), seven wolves (-33%, take the initiative to speed up the pace of adjustment, recycling channel inventory).

< /p >

< p > 3) < < strong > the results are as follows: < /strong > Pathfinder (+48%), Chao Hongji (+39%, Fion investment income table), Bank of China (+35%), Lao Fengxiang (+22%), Semir apparel (+18%), Ming jewelry jewelry (+18%), YOUNGOR (+11%, real estate contribution, clothing warmer), search for special (+10%), American state dress (+18%), wedding bird.

< /p >

< p > < strong > 4) take the initiative to speed up the adjustment: < /strong > a href= "http://sjfzxm.com/news/index_z.asp" > performance > /a > is expected to rebound sharply or inflection points first appeared: American state dress (-45%, 2014 performance increased by more than 80% over the same period last year); good news birds (-69%, 3 quarter accelerated adjustment, 2014 will light up), seven wolves (-33%, 4 quarter to speed up the adjustment, is expected to inflection point will appear at the end of 2014).

< /p >

< p > < strong > profit forecast and valuation outlook for the first half of the year: < /strong > combined with order meeting, annual report preview and adjustment, sub sectors are classified as gold jewelry, outdoor, textile, women's wear, leisure, home textiles and men's clothing.

Among them, the brand clothing industry is the general trend to improve product cost performance and brand strength; the gold jewelry industry is concerned about product structure optimization and revenue growth; the textile and garment industry is concerned about the cotton direct subsidy policy, which prompts the risk of stock price volatility.

< /p >

< p > < strong > stocks are the main concerns: < /strong > < a href= "http://sjfzxm.com/news/index_p.asp >" Mei Bang dress "/a" (adjustment effect appears, industry benchmark set sail), Lao Fengxiang (continue to enjoy the brand premium), Pathfinder (create outdoor integrated life circle), keno Technology (high performance price ratio, positioning market blank), Lu Tai (industry stealth champion), fuanna (online business rapid development).

< /p >

< p > volatile raw material prices fluctuate and terminal consumption slows down.

< /p >