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The Earnings Of Men'S And Home Textiles Markets Are More Stable

2011/10/17 16:35:00 50

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Men'S Home Textile Market Profits Stable

stay

Sluggish

In most of the market conditions, most industries have given "

Low matching

"Or" standard "proposal, and in the few" high matching "proposal, the emergence of textile and clothing

frequency

Relatively high.

High quality textile and garment retail enterprises are more reliable in their performance growth, thus showing a strong performance.

Defensive

As a result, Everbright Securities, GF Securities, state securities, Shenyin Wanguo and China Merchants Securities have all given the textile and garment industry a good rating.

At present, the three quarterly disclosure period of listed companies is positive. According to the Shenyin and Wanguo estimates, the domestic sales of textile and clothing can still maintain high growth, including men's wear and home textiles will exceed expectations. Recently, the order volume growth of several men's clothing brand spring and summer orders will be good, and the men's stock valuation of the A share market is close to that of Hong Kong stocks, and the upward risk of the valuation is also small.

The home textile brand 2012 spring and summer ordering meeting will also be held in October and November, and the growth rate is expected to be around 30%-40%.

Shen Wan suggested that we should focus on seven wolves, good news birds, nine herdmen, Luo Lai home textiles, and fuanna.

GF Securities's evaluation for textile and apparel in the four quarter is "no worries about the basic aspects of brand clothing, adjustment is the opportunity to buy".

Originally, the textile industry has a high degree of dependence on exports, which is greatly influenced by the fluctuation of the peripheral economy. However, because of the strong export growth to the emerging markets, it has buffered the decline of key export areas such as Europe, America and Japan, and the annual export growth rate of textile and clothing can still be maintained at 20%-25% left and right.

Among them, the cotton seed industry

Gross profit margin

We will see the bottom in the three quarter and expect to pick up in the four quarter. We can intervene in the fourth quarter, including A, Huafu color spinning and Weixing shares, which accelerated in 2012.

In the men's wear and home textile products, the sales of quality brands are good. The ordering data of spring and summer in 2012 are relatively strong. There is no need to worry about the decline in profits. Stock price adjustment is a buying opportunity.

Gf's recommended sequence is: seven wolves, Meng Jie home textiles, Luo Lai home textiles, fuanna, nine Mu Wang, the wedding bird and Dayang venture.

Haitong Securities expects that the profit margin and price increase of autumn and winter clothing in 2011 will be higher than that of spring and summer wear. Therefore, the overall growth rate of the industry in the second half of this year is expected to maintain a good trend, but the trend of price increase in 2012 will be weaker than this year, especially for casual wear and home textiles.

It is judged that the time window to be disclosed by the end of 2011 to the annual report will be the best opportunity for the performance of the textile and garment industry.

Increase Holdings