In November, Textile And Clothing Exports Increased By 6.9%. It Is Recommended To Invest In This Way.

Important news in the industry: 1, November

Exports increased by 6.9%; 2 and October, the overall growth of textiles and clothing export prices continued to decline; 3, the Keqiao textile index: Winter marketing rebounded, prices rose slightly; 4, cross-border electricity providers to further develop, for the pformation and upgrading of foreign trade to inject new impetus; 5, Beijing fashion consumption month sales of nearly 4 billion yuan.

Plate Market: last week, the SW textile and garment sector fell 0.88%, the Shanghai and Shenzhen 300 rose 0.13%, and the textile and garment sector lagged behind 1.01 percentage points.

Among them, SW textile manufacturing plate fell 0.86%, SW apparel home textile fell 0.89%.

From the valuation level of the plate, the SW textile and garment overall method (TTM, reject negative) calculation industry PE is 24.31 times, SW textile manufacturing PE is 24.72 times, SW clothing home textile PE is 24.15 times, the Shanghai and Shenzhen 300 PE is 13.65 times.

SW PE of textile and clothing is lower than the average of nearly 1 years.

Company's quotation: the top 5 textile and garment companies this week are: *ST, +13.43%, +12.5%, Lukang culture (+8.28%), Jie Jie share (+8.09%) and Semir apparel (+4.81%). The top 5 textile and apparel companies this week are: +12.5%, -34.44%, -8.92%, kanglongda (-8.03%), George White (-7.91%), and Jen Sheng group (-7.52%).

Tracking overseas companies: 1, the largest in the US

Group Ascena in the three quarter, same store sales fell 5%; 2, weak demand in the United Kingdom, Mai Bao Rui medium term sales expectations; 3, lingerie brand Aerie continued to flourish, AEO three quarter earnings per share exceeded expectations.

The company's important announcement: [business wins global] disclosure of major asset purchase plan, the company continued to suspend business; YOUNGOR subscribed to Bank of Ningbo convertible bonds and two tier market holdings; [Taiping bird] disclosed the progress of shareholders' holdings program; [Mei Xinda] subsidiary signed the BOO project franchising agreement for domestic waste incineration power generation; the largest shareholder increased by 1%; [Mei Bang dress] disclosed the first phase of the employee stock ownership plan (Draft); [Bai Bao Long] investment win Wang technology, custom plus 10% stake; [Pathfinder] controlling shareholder reduction plan was completed; [opening shares] disclosed investor activity relationship record form.

Risk warning: 1, the industry terminal is in a sluggish fashion, clothing sales are not up to expectations; 2, the risk of declining performance of listed companies; 3, the target assets performance of enterprise mergers and acquisitions is not up to the expected risk, and the business risk of new businesses.

Since the beginning of this year, the consumer goods market has been growing steadily, and the clothing terminal has recovered weakly. The valuation of textile and garment sector (TTM) has dropped to 24 times, which is lower than the average of nearly 1 years.

Recommendation:

We suggest that we should pay close attention to the following main investment lines: (1) the leisure apparel enterprises with low performance, low valuation, Hai Lan's home, Taiping bird.

(2) the same store grew well, the valuations were low, the number of brands began to contribute to the increment, the women's clothing enterprises that were expected to achieve rapid growth in the future, the positive fashion and the song spirit. (3) the sub industry boom, the rapid growth of the industry, the cross-border performance of the company's rapid growth, benefited from the rapid growth of the electricity supplier sales, the clothing supply chain platform enterprises, the Antarctic electricity supplier.

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