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Recommending The Listed Companies That Actively Pform And Pform The Textile And Garment Industry

2014/6/8 0:45:00 46

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Textile And Garment Industry Retail And Listed Companies

industry performance review.

Last week, the Shanghai Composite Index, Shenzhen Composite Index and Shanghai and Shenzhen 300 rose by 0.23%, 1.71% and 0.37% respectively.

Shen Wan < a target= "_blank" href= "http://www.91se91.com/" > textile < /a > < a target= "_blank" href= "http://www.91se91.com/" > clothing < < > > 0.02%, of which textile manufacturing increased 0.06%, apparel home textiles fell 0.02%, and industry slightly lost the market.

industry view this week.

According to the China Business Information Center, the number of retail sales of major large-scale retail apparel increased by 1.1% over the same period last year, the growth rate slowed by 0.5 percentage points over the same period last year. The retail sales of clothing increased by 4.4% over the same period last year, and the growth rate increased by 8.4 percentage points over the same period last year (a lower base in April last year).

Clothing consumption is slightly lower in the retail category. We believe that the clothing sector is still digesting the negative impact of the economic downturn. However, judging from the valuation of the plate, the textile and garment industry's forecast price earnings ratio of 14 years is only 14 times, which is in the middle and lower reaches of the A share industry.

At the same time, the leading enterprises in < a target= "_blank" href= "http://www.91se91.com/" > branded apparel < /a > have embarked on the exploration of related enterprise pformation and operation mode pformation. We believe that the probability that the industry is less than expected in the whole year is not big enough to maintain the industry's "synchronous big city -A" rating.

On the choice of stocks, we should follow the principle of picking up stocks from bottom to top, recommend companies that actively seek changes in business mode, and lead the healthier sub sectors: Pathfinder (pformation outdoor industry integrated service provider), Semir a target= "_blank" href= "http://www.91se91.com/" > dress < /a > (children's clothing industry overall layout), fuanna (to build multi brand and large home "little IKEA" mode, better ordering data) and Luo Lai home textiles (channel inventory clearance end).

announcement of important industry companies.

A share company: Nine herding King (initial public offering restricted stock circulation announcement); long Zi stock (stockholder's equity pledge announcement); Hua Fu color spinning (Jiangxi Huafu 40 thousand workshop fire announcement); Xingye Technology (foreign investment and repurchase stock announcement).

Overseas companies: MichaelKors (fourth quarter revenue increased 53.6% annual operating profit of 1 billion U.S. dollars); Samsonite (acquisition of Speck Products into the mobile tablet protection shell field); Guess (two quarter expected slump); A&F (first quarter exceeded expectations).

key company tracking.

Fuanna's research in 14 years and autumn and winter will lead to an increase of about 15%, and three major brands will be positioned clearly (Xin Yu Le positioning home textile industry's UNIQLO, pay attention to cost performance, Sheng Hua for electricity providers), and actively promote the O2O layout of big homes, Tmall and WeChat.

According to the investigation of the card slave Road, the company's performance is still dragged down by costs in the past 14 years. The 01MEN mode has been recognized and will be promoted in the future. We expect the interim performance in 2014 to drop by about 20%-30%.

raw material data: Cotton: 328 spot spot weekly average price 17415.60 yuan / ton (-0.19%); 90.70 cent / pound (-0.17%).

Chemical fiber: viscose staple fiber 12050 yuan / ton (+0%), viscose filament 34750 yuan / ton (+0%), spandex 40D48900 yuan / ton (+0%), polyester DTY10700 yuan / ton (+0%), FDY9650 yuan / ton (+0.52%).

risk hint: 1) terminal retail continues to slow down and corporate Q2 profit is not as good as expected; 2) a href= "http://www.91se91.com/news/index_c.asp" > Enterprise < /a > pformation progress is lower than expected;