The Trend Of Textile And Apparel Industry: The Leading Force Of Pformation

Textile and apparel industry:

This week

Issued a fixed increase announcement, intends to raise 16.81 billion yuan for supply chain management, sports cloud platform construction and repayment of bank loans, and to increase investment in several previous investment projects. The Maison cultural announcement has set up two cultural subsidiaries, "Mei Sheng Audemars Pigeut" and "Maison two times". The leading companies in pformation will be gradually implemented in the follow-up industrial resource layout. In the short term, with the theme warming or continuing to gain market attention, we will be optimistic about the strong integration ability of the leading industry in industrial resources in the medium and long term, and we should pay close attention to it.

In terms of industry investment strategy, we prefer the high-quality companies that are relatively resurgent in the sub sectors, and at the same time optimistic about the pformation leader who has the advantage of industrial integration. We should pay attention to the following: first, the sub industry leaders who have the performance certainty and the valuation advantage, suggest long-term attention, recommend Hai Lan home, Luo Lai home textile, fuanna, Semir dress, AOKANG International; two, the leading pformation leader with continuous and industrial resources, the resilience stage is very valuative flexibility: Maison culture, great bird, cross border pass, Pathfinder, Lanzi stock, and worth shares.

Industry trend review:

Last week, the Shanghai Composite Index, Shenzhen Composite Index and Shanghai and Shenzhen 300 shares rose by 1.39%/2.42%/0.75% respectively.

Textile and apparel increased by 4.01%, of which textile manufacturing rose 3.54% and brand clothing rose 4.75%.

Important company announcements:

　　美盛文化(設立兩家文化子公司“美盛愛彼”及“美盛二次元”)、貴人鳥(非公開發行股票募集16.81億元，用于供應鏈建設管理項目、體育云平臺建設項目及償還銀行貸款，同時對多項投資增資)、美邦服飾(非公開發行股份數量調整為7.07股，募集資金調整為42億)、跨境通(向15人授予限制性股票900萬股)、嘉麟杰(出資9900萬合資設立產業并購基金)、卡奴迪路(非公開發行6000萬股募資9.15億，第一期員工持股計劃認購780萬股)、三毛派神(向北大眾志發行股份購買資產)、鹿港科技(募資10億打造互聯網影視劇項目)、浪莎股份(出資400萬合資成立文化公司)、華茂股份(募資9200萬收購海聆夢80%股權)、凱瑞德(2.48億現金收購屹立由100%股權)。

Tracking of overseas listed companies:

(sales growth of 12% in October), A& F (three quarter earnings growth 130%), Nike (120 $100 billion repurchase 11% shares), Versace (annual revenue increased 17%), L Brands (three quarter net profit growth 24.4%), Ralph Lauren (launched smart touchscreen fitting room), Bo Si Deng (medium term profit plunge)

Industry important information:

The "double 11" brand of clothing industry increased; in October, retail clothing prices in the United States dropped by 0.8%.

This week's stock portfolio:

The combined increase was 2.88% in the previous period, and 1.13 percentage points in the running industry index.

Stock pool this week: Mei Sheng Culture (20%), noble bird (30%) Hai Lan's home (20%),

(10%), cross border pass (10%) and Wordsworth shares (10%).