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Strong Performance Fund "Get Together" Cotton Prices Continued To Decline Home Textile Stocks Steadily Upward

2011/5/6 9:38:00 41

cotton

The cost drop effect caused by the continued price slump has made the home textile stocks outstanding in the weak market.

Cotton futures on the Zhengzhou Mercantile Exchange fell 5.9%, three yesterday.

Home textile stocks

A new force has sprung up, Meng Jie home textile rose 4.54%; Fu Anna

Rise

3.69%, Rose Home Textile rose 2.62%.

From the cotton prices and the historical trend of home textile stocks, the seesaw effect between them is very obvious.

From mid September 2010 to early November, cotton prices experienced a surge. At that time, the A share market was on the rise, while the three major home textile stocks were suppressed by the sharp rise in cotton prices.

At the end of February this year, cotton prices began to fall. As of now, the total decline is close to 30%, and three home textile stocks have steadily increased since the end of March. Even if the market has started a strong adjustment since April 19th, the upward trend of three home textile stocks has not been changed.

Since the end of March, three home textile stocks have risen by 20%.

Home textile stocks strong performance fund "get together"

Cotton prices continue to fall.

brand

Home textile enterprises have brought good results, and the A share market has weakened in recent years, and funds have begun to focus on defensive.

The performance of home textile industry is indeed worth affirming.

WIND information statistics show that as at the end of April and the first quarter of 2011, the largest increase in net profit attributable to parent companies was the textile and garment industry.

Specifically, the first quarter net profit of 88 million 671 thousand and 200 yuan, an increase of 72.08% over the first quarter.

The first quarter net profit of Meng Jie home textiles was 19 million 965 thousand and 700 yuan, an increase of 41.94% over the same period.

Fuanna achieved net profit of 59 million 270 thousand and 100 yuan in the first quarter, an increase of 63.25% over the same period last year.

The beautiful performance has attracted a large number of funds from home textile stocks. As at the end of the first quarter, the top ten tradable shares of the company are "clean" funds, of which two of the Wells Fargo funds are among them.

Besides the social security fund, there are 9 public funds in the top ten tradable shares of the dream home textile company. The yfonfonda consumer industry and yfonfonda's value growth are heavily owned by Yi Fang Da fund, which accounts for 15% of the total shares, and 7 of the top ten tradable shareholders of fuanna have 7 public funds.