Last Week, The Textile And Garment Sector Was Stronger Than The Market.

A week has passed. Let's review the industry dynamics: (1) April 2016, China.

The purchasing managers index (PMI) was 50.1%, down 0.1 percentage points from last month.

(2) last week "net red, video, electricity supplier" net red business school Hangzhou forum held, the industry chain space is very big, future net red needs to fall to the supply chain end.

Industry and company tracking: 1, released last week.

Industry 2015 annual report and a quarterly review 2016: traditional white horse steady growth, new field growth leader "15 annual report and 16 year one quarterly report continued differentiation trend, a quarterly overall is relatively dull, textile leader has improved.

Children's wear, leisure and men's wear faucets have maintained steady growth, and cross-border electricity providers and business ecosystem services have become the benchmark for new growth stocks.

High growth leader (cross border, Antarctic electricity supplier), robust varieties (Hai Lan home, Semir costumes), cotton spinning faucet (Lutai A, Huafu color spinning, Baron East) and pformation varieties (Shandong Ruyi, Pathfinder, Shang win universal) and other development are better.

2, joint-stock tracking: it is accepted by the SFC.

The fur price of the company's main industry is showing signs of rebound. The relationship between supply and demand is changing, and the rent is expected to be implemented in the second half of the year.

The company is optimistic about the upgrading of the electricity supplier and the IP industry.

The company's medium and long-term strategy is clear, fur industry + social networking business second main business, fixed increase cut into supply chain, the future is expected to focus on the net red whole industry chain layout.

3, Luo Lai life tracking: 1) the company intends to issue 12.04 yuan / share to 6 investors to issue no more than 104 million shares, raise funds not more than 1 billion 250 million yuan, lock up period 36 months, and invest in the whole channel household life O2O operation system construction project and supply chain system optimization project.

2) resumption in May 5th.

4, Song Li Si: along with Fosun long song (company holding 60%), Fosun only actually contributed 65%, 25% and 10% respectively, joint venture set up Qianhai, Shenzhen Shanglin Cci Capital Ltd, registered capital of 500 million yuan, the first phase paid 480 million yuan, the company intends to invest in the first phase of 384 million yuan.

5, Pathfinder tracking: due to the increase in enquiry and subscription, the suspension will be suspended from May 5th, and the suspension will not exceed 5 trading days.

6, Lu Tai A tracking: a total repurchase of 18 million 490 thousand shares of Lu Tai B, the price is HK $9.96-10.55 / share, a total of HK $191 million.

7, cross border tracking: shareholders Yang Jianxin lifted the pledge of 22 million 350 thousand shares.

8, the United States Xinda tracking: new 24 million 120 thousand shares, the issue price of 16.58 yuan / share, listed in May 9th, the sale period of 3 years.

9, new Australia stock tracking: in May 6th, it held a meeting to terminate the major asset restructuring, continued suspension, terminated major asset reorganization and resumed trading in May 9th.

10, seven wolf tracking: stock repurchase has not yet been carried out.

11, wig Nash tracking: planning is scheduled to increase matters, since May 4th suspension.

Last week, the textile and garment sector was stronger than the market.

Textile and apparel rose 0.5% last week, up 1.05% from the Shen Wan A index.

Textile manufacturing index rose 1.54%, relative to Shen Wan A index rose 2.09%; clothing home textile index fell 0.25%, relative to Shen Wan A index rose 0.3%.

The industry continues to be optimistic about sunrise industries with sustainable growth of the leading companies, and actively concerned about the low valuation and low dividend rate of a stable white horse.

(1) optimistic about cross-border industries such as electricity providers, electricity suppliers and other emerging industries: cross border links (expected to generate 10 billion + revenue in 16 years, continue to refresh market expectations), and Antarctic electricity providers (which are expected to cut into net red brands and cross-border businesses).

(2) underestimate the value of healthy varieties: Hai Lan home (annual business is expected to steadily improve, corresponding to 16 years PE12 times), Semir clothing (steady growth in performance, children's clothing maintained high growth, corresponding to 16 years PE18 times).

(3) cotton prices are bottomed out, cotton textile industry is expected to pick up: Lutai A (industry leader, PB1.6 times, corresponding to 16 PE12 times), Huafu color spinning (it is expected to integrate upstream and downstream industry chain to create a fashion industry ecosystem), and Baron East (benefiting TPP, gradually releasing overseas capacity).

(4) the target of definite Transformation: Shandong Ruyi (Group intends to buy overseas light luxury group SMCP), business win global (Overseas Merger and acquisition expectations), Pathfinder (layout outdoor tourism and sports industry).