Textile And Garment Performance Rebounded Significantly

Market Review

Last week,

Industry sector rose 10.44 percentage points, the Shanghai and Shenzhen 300 index rose 8.34 percentage points during the same period, and the textile and garment sector won 2.10 percentage points.

Data tracking

Macro data: in February 2015, the consumer price index (CPI) increased 1.40 percentage points over the same period last month, up 0.64 percentage points from the previous month. In the same month, the clothing production price index (PPI) was 0.80 over the same month last month, down 0.04 percentage points from last month.

Price index: the domestic price index of Keqiao's textile industry in March 20th was 92.53, up 0.06 from last week; the textile price index of Keqiao was 103.32 in March 16th, up 0.05 from last week; the Shengze silk price index was 101.15 in March 20th, 0.03 higher than last week; the leather price index in March 13th was 112.85, up 0.14 over last week.

As of March 22nd, domestic 328 spot spot reported 13448 yuan / ton, 0.11% lower than last week's ring ratio.

Main news & bulletin summary

1) upgrading of sewage discharge standards for textile dyeing and finishing industry; 2) the linen textile industry is looking forward to increasing policy support, and 3) two level differentiation.

Last year, net profit rose 21.1%, Giordano fell 38%, 4) the government of India provided a small budget for garment manufacturers 5) seven wolves: 6 on the 2014 annual asset impairment provision, Kaiser shares: 2014 annual report 7) aviation shares: 2014 annual report, 2015 daily customs trading bulletin.

Industry perspective

After two or three years of inventory handling and continuous pformation, the inventory level has been reduced and the enterprises have been constantly improving.

Brand clothing: leading enterprises concerned with gradual reform and great improvement of consumer experience; textile manufacturing enterprises: cotton prices are relatively low; new year starts and national cotton sales will increase the probability of cotton prices rising, and enterprises have strong motivation to replenishment; thematic Investment: physical education industry policy is expected to come out soon, focusing on the pformation of thorough or platform based enterprises.

First, enhance the consumer experience of leading enterprises.

Key recommendation 1) Pathfinder: good sports policy; 2) Roley home textiles: in 2015, the company's performance has been catalyzed; 3) Hai Lan's home: a unique business model suitable for China's market development; 4), another: Hang min shares, the company intends to acquire dyestuff enterprises good company.

Two, replenishment of textile manufacturing enterprises: focus on Lutai A, Luen Fat shares, Huafu color spinning, Bailong East; three, pformation Enterprises: focus on Jiaxin silk, Saturday,

It is expected that the sports industry policy is expected to be launched in the near future: Pathfinder, Xun Xing shares, and precious birds.