Textile And Garment Industry: Sustained Recovery Of Textile And Garment Demand

Industry core point of view:

Last week, Shenwan textile and garment index fell 0.23%, which was 0.17% lower than the Shanghai Composite Index, ranking the 13th in the 28 primary industry indexes of Shenwan. Langju, vanguard shares rose. In the short term, the domestic epidemic situation is well controlled, and foreign orders are transferred to China. At the same time, the domestic textile and clothing industry ushers in the sales peak season, the market demand continues to release, and the fundamental repair situation of individual stocks will be further improved. In the medium and long term, the epidemic has prompted more and more people to pay attention to physical health and physical exercise. In the future, with the increase in the number of people going out for activities and the formation of exercise habits, the demand for sports clothing is coming back, and we will continue to look forward to the leading enterprises of high-quality sports clothing that have been oversold by the epidemic.

Key investment points:

Market review: last week (November 9 - November 13), Shenwan textile and garment index fell 0.23%, 0.17% lower than the Shanghai Composite Index, ranking 13th in the 28 primary industry indexes of Shenwan. Since the beginning of the year, Shenwan textile and garment index has fallen 1.20%, 9.72 percentage points lower than the Shanghai Composite Index, ranking 24th among the 28 primary sub industries of Shenwan. Second sub plate, textile manufacturing last week - 0.04%, clothing and home textile - 0.34%. The PE value of the plate is 31.50 for textile manufacturing and 44.05 for clothing and home textile. In terms of the third sub sector, in the textile manufacturing last week, wool textile 4.39%, cotton spinning-1.30%, silk 4.49%, printing and dyeing 2.33%, accessories 1.61%, and other textiles-1.63%; in clothing and home textiles, men's wear-1.16%, women's wear 8.73%, casual wear 0.23%, shoes and hats-6.38%, home textile-1.36%, and other clothing 0.80%.

Major industry events: Abroad: the price of cotton yarn in India and Pakistan has dropped due to the blockade of European epidemic situation; in China, the expansion speed of fast-selling brands in the third quarter has recovered; and the performance of double 11 Shopping Festival in 2020 will reach a new high.

Important announcements of listed companies: reduction of shares held by kairun shares, mugaodi, Mengjie shares and Xingye technology; examination and approval of convertible bonds application of Xinao shares; resignation of vice general manager of superstar agriculture and animal husbandry; financial subsidies received by Hassen shares; increased holdings of Jiangsu Sunshine shareholders; listing and circulation of restricted shares of mercury home textile.