Nearly 90% Textile And Garment Companies Three Quarterly News Preview

According to the data statistics, the Securities Daily's Market Research Center found that at present, 36 listed companies in the A share textile and garment sector have made the first announcement of the three quarterly bulletin in 2018, with a total of 32 companies, accounting for 88.89%, ranking third in the 28 category of industry sectors.

Specifically,

(3026.43%) net profit in the reporting period is expected to grow more than 30 times over the same period.

(300%),

(114%),

(110.87%) after 3 companies are close behind, the three quarterly net profit this year is expected to double.

Besides,

90%),

(60.25%),

(60%),

(50%),

(50%) companies also expect net profit growth of 50% and above from January to September this year.

Judging from the net profit ceiling,

(1 billion 315 million 700 thousand and 600 yuan) this year's three quarterly report is expected to achieve net profit of more than 1 billion yuan, the most significant profitability.

($846 million 825 thousand and 600),

($703 million 251 thousand and 500),

($419 million 211 thousand and 400),

($363 million 371 thousand),

($359 million),

(332 million 333 thousand yuan),

(316 million 534 thousand and 400 yuan) and so on 7 companies predict the net profit limit in the reporting period has also broken through 300 million yuan.

In addition, it includes

($288 million 672 thousand and 200),

($263 million 350 thousand),

($238 million 405 thousand and 100),

($224 million 48 thousand and 900),

The 9 companies, including 220 million yuan, are expected to earn more than 100 million yuan from January to September this year.

From the valuation point of view, we find that in the above three quarterly results, the latest dynamic earnings per share of 15 quarterly stocks is lower than the industry average (20.8 times). Among them, Xinye textile (8.32 times), joint stock shares (8.49 times), broad-minded Technology (11.84 times), fuanna (12.20 times), VATT shares (12.62 times), Huafu fashion (12.66 times), search for special (12.79 times) and other 7 stocks are the latest dynamic price earnings ratios lower than the latest average value of A shares (7 times), with a higher margin of safety.

In terms of market performance, the three quarterly earnings preview shares rose only two weeks, respectively, for China Textile shares (13.39%) and much more (6.96%).

From the perspective of capital flows, a total of 9 textile and apparel stocks were seized this week, with a total of 61 million 918 thousand and 400 yuan in total.

Among them, in search of special (25 million 625 thousand and 300 yuan) period, a total of large single capital flows into the first place, more than 20 million yuan.

Huafu fashion (9 million 337 thousand and 800 yuan), Luo Lai life (9 million 234 thousand yuan), Ruyi group (5 million 249 thousand and 700 yuan) and other 3 stocks during the period were also more than 5 million yuan or more large single capital pursuit, fuanna (4 million 76 thousand and 400 yuan), Bi Yin Le Finn (2 million 969 thousand and 400 yuan), Mei Bang dress (2 million 203 thousand and 500 yuan), Xingye science and Technology (2 million 69 thousand and 500 yuan), bar Jie shares (1 million 152 thousand and 800 yuan) and other 5 stocks during the cumulative total of more than a dozen yuan or more large single capital inflow.

In terms of institutional rating, a total of 3 stocks have been recommended by institutions in the past three days, according to the above 3 quarterly results.

Among them, Semir clothing (5) during the period, the number of agencies optimistic about the number of top ranking, and the two institutions were awarded the "buy" or "overweight" rating during the period, while Huafu fashion recently 1 agencies expressed their favor.

For the period, Semir clothing, which has the largest number of rating agencies, has been pointed out by Dongguan securities.

Leisure at the end of the first half of 2018

The total number of terminal stores has increased from 255 to 3883, with a total business area of 860 thousand and 300 square meters.

The single store business area of casual wear has been enlarged.

In the future, the leisure clothing business will expand the channels of shopping centers, adjust the channel structure, form a pattern of exclusive stores, department stores, shopping centers, Oteri J and other channels, and further tap the market growth space.

The company expects earnings per share from 2018 to 2019 to be 0.53 yuan and 0.64 yuan respectively, corresponding to 21 and 17.5 times respectively.

After the initial callback, the company's current stock price corresponds to the lower valuation, the valuation is expected to usher in the repair, to raise the rating to "recommended".

As for the overall investment strategy of the clothing sector, Shen Wan Hongyuan Securities pointed out that there was no industrial inflection point in the three quarter of clothing retail consumption, and suggested focusing on the leading areas of the subdivision and the cotton textile manufacturing sector with a faster growth rate.

The related target is recommended: 1.

The high-end sports fashion leader is 2.

Public consumption leader

,

; 3.

Overseas production capacity layout ahead of the manufacturing leader, Baron East.