Four Opportunities For Textile And Clothing To Rise

In May 25th, the central parity of RMB against the US dollar was 6.5693, down 225 basis points from 6.5468 in the previous trading day, reaching the lowest level in five years.

In response, analysts said that although the central parity of the RMB against the US dollar rebounded yesterday, it gained 141 basis points from the previous day, closing at 6.5552, but the expectation of RMB depreciation is still there.

Will be right

Industries such as iron and steel, automobiles and other relatively high export earnings have brought positive benefits.

In the above

Textile and garment enterprises undoubtedly occupy a large proportion of the enterprises that are oriented.

For many textile and garment enterprises that are devoured by foreign exchange links, the depreciation of the renminbi will be one of the most direct means to stimulate their growth.

In fact, with the recent devaluation of the RMB, the export of textile and garment industry has been improved. According to the General Administration of customs data, in April 2016, China's textile and clothing exports were 20 billion 859 million US dollars, up 4.95% over the same period last year, and the growth rate was 23.78%.

April continued the growth trend in March.

In the textile and garment industry, Rebecca and Dang Yang are the top companies with relatively high overseas income, both of which account for about 80% of overseas business.

For its post market performance can be actively concerned.

Iron and steel plate, GF Securities, said that the steel export earnings accounted for a higher proportion of the company's profits, the top ten listed steel companies were: Baosteel, TISCO stainless steel, Benxi Iron and steel plate, Anshan Iron and Steel Group, Hualing steel, Wuhan Iron and Steel Group, Masteel group, Baotou steel group, Xinsteel group, River Steel shares, export earnings accounted for the top ranked listed steel enterprises: Yangzi Xincai, ERON shares, Jiu Li te material, Changbao shares, Benxi steel plate, FA Sheng, Ding Tai new material, Zhongyuan special steel, Daye special steel and so on.

For the automotive industry, Everbright Securities said that the depreciation of the renminbi has a greater impact on the overall automobile business, but there are differences.

Imported cars are affected by the devaluation of the renminbi, and the selling price is relatively higher, which has an adverse effect on the sales of imported automobiles.

For domestic vehicle enterprises, the proportion of overseas sales is relatively low, and only about 3% in 2014. Therefore, the depreciation of RMB has little impact on domestic vehicle enterprises.

Relatively speaking, auto parts export oriented enterprises have a greater impact. Overseas earnings of auto parts listed companies account for about 16% in 2014, which will directly benefit from the exchange earnings brought about by the depreciation of the RMB. The main components of the spare parts sector are relatively high overseas business income, and the fundamentals and better growth companies include LONCIN general, Wanfeng, and Zhongyuan internal distribution.

From the perspective of individual stocks, according to incomplete statistics from reporters, the overseas business income of lancen shares, giant star technology, Xinwei group, Yue Ling share, Zhejiang Yongqiang, Boteng stock, Shenzhen Science and technology, LAN fan medical care and Xinbao shares accounted for about 90%.

In addition to the more widely recognized textile and garment industries, steel and automobile industries, the shipping industry is also indirectly benefiting. The depreciation of the Renminbi or the stimulation of the export of domestic textile industry will bring certain benefits to container shipping, and even stimulate the demand for raw materials, thus bringing about a pick-up in demand for dry bulk shipping market.

Related stocks include CSCL, long voyage Phoenix, China Ocean, Ningbo shipping and so on.

In terms of market performance, the central bank has strong market share yesterday, with the most prominent performance. For the stock, Everbright Securities said that the company's performance was growing steadily, and the auxiliary driving scarcity targets. The company aimed at the direction of new energy, intelligent manufacturing, high-end equipment manufacturing, and automobile aftermarket, and the strategic pformation is expected to be clear.