Undervalued Plate Meets Valuation, Textile And Clothing Stocks Changed Significantly During The Repair Period

Textile and clothing sector shares soared on the 18th, with Meibang clothing, * ST noble, hinur, Xinhe shares, burbao dragon, Tianchuang fashion, and langzi shares, with Jujie microfiber, jialingjie, Langsha shares, Ordos and other stocks rising at the top.

Among them, up to now, Meibang clothing has gained four boards. Recently, the company disclosed the announcement on the provision for impairment of assets in 2020. The amount to be withdrawn this time exceeds 365 million yuan. Since then, it has also issued the announcement of selling equity assets.

Undervalued sector

Ushering in valuation repair period

In the near future, the hot market plate has a rapid rotation, which may become the main theme of the next round. Market analysts believe that some sectors that did not over hype in the early stage and whose valuations are at historical lows have relatively little chance of falling and are easy to obtain funds to chase after.

From the index performance of Shenwan's 28 primary industries since March, this analysis is also confirmed. Since March, the sectors with the highest cumulative increase in the industry index are all undervalued sectors, and the annual growth rate of these sectors in 2020 is lower than that of 28 industries.

Textile and clothing sector is one of the typical examples, both in terms of index performance and plate valuation, are at a historical low level. From the basic point of view, since 2021, the impact of the domestic epidemic situation has gradually subsided. In February, the domestic offline passenger flow has basically recovered to the level of the same period in 2019, which has greatly improved compared with the end of last year.

According to the data released by the National Bureau of statistics on March 15, the total retail sales of consumer goods will reach 6973.7 billion yuan from January to February 2021, with a year-on-year increase of 33.8%. Excluding the low base factor under the influence of the epidemic situation in early 2020, it increased by 5.56% compared with the same period in 2019; the total retail sales of clothing, shoes, hats, needles and textiles from January to February in 2021 reached 233.2 billion yuan, with an increase of 47.6% over the same period in 2020.

Several textile and clothing stocks

Increased holdings of Beishang capital

Undervalued superimposed fundamentals strong recovery, textile and clothing industry is expected to usher in valuation repair period. According to the statistics of the securities times and data treasure, there are 94 concept stocks in the textile and clothing sector. Since March, the average share price of these stocks has increased by 4.85%, greatly outperforming the Shanghai index in the same period. Meibang clothing, hinour, biyinlefen's stock prices rose in the top three. According to the estimation of the net purchase volume and average transaction price of Beishang capital since March, SEMAR clothing has obtained a net purchase of RMB 338 million from Beishang since March. Other Beishang funds are sought after by biyinlefen, Huafu fashion, soyute and rolai life, etc.

From the valuation point of view, there are 35 stocks with less than 30 times P / E ratio, of which 17 stocks have released the performance forecast or express report in 2020. According to the lower limit data of express report and performance forecast, 10 shares will be profitable in 2020, and the performance will show a significant growth year on year. The performance of 5 shares doubled year-on-year, including Xinlong holdings, robust medical, Yanjiang, norbond and Jinchun.