Textile Clothing And Daily Chemical Industry Weekly

< p > > the world's < a target= "_blank" href= "http://www.91se91.com/" > clothing < /a > a target= "_blank" href= "_blank".

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< p > < strong > trend Review < /strong > < /p >

Last week (July 14th P ~7 18), Shanghai Composite Index rose 0.59%, Shenzhen Composite Index rose 0.73%.

The textile and garment sector rose by 0.27%, of which the textile sub sector rose 1.48%, and the clothing sub sector fell by 0.43%.

The top three stocks of textile, clothing and daily chemicals were the top 100 stocks in the industry, the top 100 were the hundred circles trousers industry (002640), Hinur (002485), seven wolves (21.05%, 5.67%, 2.96%); the latter three were Pathfinder (300005), Hai Lan home (600398), Maison culture (002699) (-16.45%, -3.08%, -2.64%); < /p >

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

< p > 1. in the first half of the year, the number of retail sales of major retail enterprises in China dropped by 0.2% over the same period last year; 2. H&M sales in June increased by 12%; 3301 sales in the 3. quarter, 3. in the two quarter of the year, and the strongest in the Chinese market; 4. Zara introduced the electronic label RFID to make the fast fashion work faster; the 5. tiger all men's clothing was officially listed on the Hong Kong Stock Exchange recently; 6. Lining expected a loss in the first half of the year; 550 million Luo Lai home textile went to Luo Lai, and the sales in the first half of the year increased by more than the same year;

< p > < strong > this week's viewpoint < /strong > < /p >.

It is in line with expectations; 15, the proportion of orders in the spring and summer orders has dropped, considering the proportion of actual orders executed in the 14 spring and summer, and more importantly, the adjustment of the company's order pattern, the reduction of the proportion of futures orders in the annual sales of products, the adjustment of our identification with company's ordering mode, and the fact that 15 and 14 year orders will not be the same. Last week, because of the overreaction of the company's share price, we did not change the confidence in the company's future development. The main business of the clothing industry continued to grow at a high rate this year, which is expected to reach 30%. At the same time, many brands continue to push forward, and the main business is 15 years. Our expected growth is over 20%. We also noticed that the pformation of the company from the target to the actual implementation of the company has gradually come down. "/p > Pathfinder announced semi annual performance forecasts and 15 year spring and summer ordering data last week, half year results, P

< p > this week Semir < a target= "_blank" href= "http://www.91se91.com/" > dress < /a > (002563) acquired Yu Han Shanghai 70% equity (genius baby, little earth) into the children's education and training market; 100 round pants industry acquisition of cross-border electricity supplier Shenzhen global Tesco equity, as well as the former Pathfinder pformation outdoor tourism platform, under the adjustment of the industry mode, the industry opportunity lies in the pformation.

Considering that the textile and garment industry is mostly private enterprises, the market value is not large, most of them are between 10-40 billion, and the industry adjustment center is generally low.

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< p > poverty or change, or extension of the main business, integration of resources in the vertical field, opening up new space for growth, or thorough cross-border pformation.

We continue to focus on the pformation of stocks, Semir clothing, Pathfinder and so on.

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< p > July, the combination of Guoxin textile clothing and daily chemical industry was (equal proportion matching): Semir dress, < a href= "http://www.91se91.com/news/index_f.asp" > Pathfinder < /a >, fuanna (002327), Fiyta, Haining Leather City (002344) and Shanghai Jahwa (600315).

Semir clothing and leisure to stabilize the children's industry chain to open up new growth space; the Pathfinder main garment industry continues to grow rapidly, providing a margin of safety and continuous strategic pformation; fuanna's main business is robust and long-term competitiveness is remarkable, and the downward trend of the price center helps to improve the volume of business; Fiyta's own brand has benefited from the rapid rise of the middle class and the rapid growth of the three or four line consumer upgrades, and the retail sales of its watches have stabilized. The sharp fluctuations in the stock price in the early stage of Haining's leather industry have reflected unfavorable factors such as industry adjustment and project gap. The opening of new projects is expected to usher in the release period of performance. Shanghai's Jahwa sentiment is volatile in the early days. With the release of the new strategy and the stability of the core business team, the valuation is expected to be gradually restored.

In addition, it is suggested to follow closely the action of Qingdao Jin Wang (002094) in the cosmetics industry.

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