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-The temporary correction of the relative valuation in October does not affect the future defensiveness of the sector. The concept of "clothing" in the secondary market of Zhao Xueyi can continue to function as a "cold shelter"? From the "open green" after the return of the 11th annual holiday to a full month before the winter, this question really puzzled investors.
On October 10, on the first trading day after the 11th holiday, faced with two favorable figures for the number of tourists and sales, the consumer segments such as textiles, clothing, and retail were among the biggest decliners. The valuation of the relevant stocks followed the downward trend. On October 11th, under the stimulation of Huijin’s announcement of holdings of four major stocks, A-shares only traveled for half a day, followed by oscillations, and the textile and apparel sector hit a new low in 14 months.
However, industry analysts believe that after adjustments in other industries have experienced rapid decline in valuations, there is a risk of revision of relative valuations in the textile and apparel sector. However, given the high certainty of high-quality companies, the future sector remains highly defensive.
The “recovery drop effect†in the Weifang Sector’s recent five consecutive huge wisdom transaction data shows that in the month of October, the textile and apparel segment has fallen in volume for two consecutive days, which is truly “open greenâ€.
On October 10, the textile and apparel sector index fell 12.88 points to 2909.51 points, a drop of 0.44%; the Shanghai index fell 14.43 points to 2,234.79 points, or a drop of 0.61%. On the 11th of October, the A-share market experienced an incredible trend, which opened sharply higher in the early morning due to Huijin’s holdings of bank shares, but only a half-day tour, followed by oscillations, and the broader market rose slightly by 3.73 points to 2,348.52 points. An increase of 0.16%; while the textile and apparel sector index continued to fall 13.31 points to 2896.20 points, a drop of 0.46%, the same day the index also hit 2865.45 points, a new low of nearly 14 months.
It has been observed that the textile and apparel sector index has been consecutively five consecutive negative, as early as September 28, 29, 30, the index fell 1.47%, 3.24%, 0.17%. Some analysts believe that the recent decline in the textile and apparel sector is the result of a relatively strong ups and downs in the previous period.
“Given that it will take some time before the problems of the European sovereign debt crisis and the US economy are resolved, it will be difficult for the A-shares to reverse in the short-term. It is a good proof that Huijin has announced that it has increased its holdings of four major banks and has not effectively stimulated the market.†The analyst continued to say, “The industry’s accumulative stock price increase is too high, short-term performance is not enough to support valuation, combined with the trend of the broader market, the plate has the risk of lower valuation. In mid-July, the textile and apparel sector frequently approached the year's high, the recent five Lian Yin is a kind of supplemental drop in technology."
Twenty-seven textile stocks bucked the trend with high printing and dyeing, and cotton textiles grabbed eye-catching textile and apparel sector. Although they opened in October, they saw “green, but they were not completely annihilated. There were 27 stocks that fell out of the blue and went against the market, which was close to 1/3 of the total number of plates. The two types of cotton spinning stocks performed the most in the first two trading days of October.
ST Zhongguan A (000018. SZ) has risen 8.32% in the past two trading days, becoming the strongest stock in the printing and dyeing industry. It has been observed that the stock has started to rise since August 10. As of October 11, it has risen 32.32% in 39 trading days. It is worth noting that the company is a traditional printing and dyeing processing company, but it has already faced the hollowing out of its main business. Due to changes in the joint venture and industry prospects of the Nanjing plant, the capital increase of the joint venture project has not yet been completed. The company's printing and dyeing business has not shown signs of improvement in the short term and the business is facing difficulties. The company expects the cumulative net profit from January to September will be a loss of about -1500 to -12 million yuan.
In addition, there are four printing and dyeing companies that have gone up against the market in the past two days. They are Zhonghe (002070.SZ) (the code in this article is all deleted), Meixinda (002034.SZ) and Hangmin (600987). (SH), Huafang (600448.SH), etc., rose by 1.36%, 1.13%, 1.08%, and 0.21% respectively.
In the cotton spinning industry, six companies rose against the market, including Huafang Textile (600273.SH), which rose 9.41% in the past two trading days, becoming the strongest stock in the cotton spinning industry. The stock entered the grab-start of major funds in October and received a net inflow of 76,555,300 yuan and 1,39.874 million yuan respectively. ST Maier (000971.SZ) and Huamao (000850.SZ) also received continued capital inflows, with cumulative gains of 2.84% and 1.93%, respectively.
The outstanding cotton spinning stocks, Fengzhu Textile (600493.SH) and Xinye Textile (002087.SZ), rose 5.87% and 0.25% respectively in the last two days.
Defensively effective “Cold-Relief Units†are mostly apparel textile and apparel segments, and the apparel segment, in particular, is still one of the preferred sectors for weak market investment. Many brokerages unanimously stated that, in the light of the recent investment logic, it is recommended that brand apparel companies that are deeply involved in the domestic market, have higher brand bargaining power, and have little effect on sales should have a slight impact on sales.
Lu Yuanyuan, a senior analyst of Haitong Securities's textile and clothing industry, believes that the price increase factor in the second half of the textile and apparel industry still exists. The profit margin and price increase for fall and winter wear are even greater than for spring and summer wear. It is expected that the overall growth rate of the industry in the second half of the year is expected to continue for the first half of the year. Good situation. The time window disclosed at the end of 2011 to the annual report will be the best time for the performance of the textile and clothing industry. At the company level, it is recommended to focus on listed companies that still have valuation advantages and future growth.
As a leader in the domestic leisure apparel industry, Seven Wolves (002029.SZ) announced that the company's orders for orders in 2011 have increased, it is expected that the first three quarters of net profit rose by 30% to 50%. The company is the founder of the pattern of casual wear in Fujian Province and the “Huangpu Military Academy†of clothing management talents. On the one hand, the future development depends on the expansion of the provincial government in the third-tier cities. On the other hand, it gradually improves the product quality, design and brand image, taking into account the extension and expansion. Endogenous growth. The stock rose slightly by 0.03% since October, and attracted 577,500 yuan and 361,500 yuan of net inflows on October 10 and 11 respectively.
With the increase in the gross profit margin of Baoxi Bird (002154.SZ) brand, the scale expansion effect is obvious. The company expects the net profit in the first three quarters of 2011 to increase by 40%-60% compared with the same period of last year. The Annunciation reported on October 9 that, despite the apparent increase in store rentals, Baoxi Bird will maintain and increase the profitability of its products, and will open stores at an average annual rate of 15% in the next five years to expand its business scale. According to reports from Xi'an Bird Company, under the obvious trend of rising rental costs, Baoxi Bird will adhere to the middle-to-high-end brand line, continue to invest in research and development, respond to changes in consumer demand, and strengthen the status of Xinxiu as a high-end men's wearer, constantly maintaining and upgrading. Product gross margins, enhance profitability. The stock has dropped slightly by 0.83% since October, and attracted a net inflow of 39.24 million yuan and 1.2081 million yuan on October 10 and 11 respectively.
As the first brand of outdoor products in China, Pathfinder (300005.SZ) expects net profit growth from January to September 2011 to be 50% to 100%. The stock has risen by 1.48% since the month of October and has stood firm on the year, but there is a net outflow of millions of dollars.
According to the information available to the author, the total retail sales of outdoor products in China reached 7.13 billion yuan in 2010, an increase of 47.01% from 2009. From 2000 to 2010, the total retail sales of China's outdoor products market grew at an average annual rate of 47.33%. There is huge room for future growth of China's outdoor products market. Pathfinders will surely become the first beneficiaries.
On October 10, on the first trading day after the 11th holiday, faced with two favorable figures for the number of tourists and sales, the consumer segments such as textiles, clothing, and retail were among the biggest decliners. The valuation of the relevant stocks followed the downward trend. On October 11th, under the stimulation of Huijin’s announcement of holdings of four major stocks, A-shares only traveled for half a day, followed by oscillations, and the textile and apparel sector hit a new low in 14 months.
However, industry analysts believe that after adjustments in other industries have experienced rapid decline in valuations, there is a risk of revision of relative valuations in the textile and apparel sector. However, given the high certainty of high-quality companies, the future sector remains highly defensive.
The “recovery drop effect†in the Weifang Sector’s recent five consecutive huge wisdom transaction data shows that in the month of October, the textile and apparel segment has fallen in volume for two consecutive days, which is truly “open greenâ€.
On October 10, the textile and apparel sector index fell 12.88 points to 2909.51 points, a drop of 0.44%; the Shanghai index fell 14.43 points to 2,234.79 points, or a drop of 0.61%. On the 11th of October, the A-share market experienced an incredible trend, which opened sharply higher in the early morning due to Huijin’s holdings of bank shares, but only a half-day tour, followed by oscillations, and the broader market rose slightly by 3.73 points to 2,348.52 points. An increase of 0.16%; while the textile and apparel sector index continued to fall 13.31 points to 2896.20 points, a drop of 0.46%, the same day the index also hit 2865.45 points, a new low of nearly 14 months.
It has been observed that the textile and apparel sector index has been consecutively five consecutive negative, as early as September 28, 29, 30, the index fell 1.47%, 3.24%, 0.17%. Some analysts believe that the recent decline in the textile and apparel sector is the result of a relatively strong ups and downs in the previous period.
“Given that it will take some time before the problems of the European sovereign debt crisis and the US economy are resolved, it will be difficult for the A-shares to reverse in the short-term. It is a good proof that Huijin has announced that it has increased its holdings of four major banks and has not effectively stimulated the market.†The analyst continued to say, “The industry’s accumulative stock price increase is too high, short-term performance is not enough to support valuation, combined with the trend of the broader market, the plate has the risk of lower valuation. In mid-July, the textile and apparel sector frequently approached the year's high, the recent five Lian Yin is a kind of supplemental drop in technology."
Twenty-seven textile stocks bucked the trend with high printing and dyeing, and cotton textiles grabbed eye-catching textile and apparel sector. Although they opened in October, they saw “green, but they were not completely annihilated. There were 27 stocks that fell out of the blue and went against the market, which was close to 1/3 of the total number of plates. The two types of cotton spinning stocks performed the most in the first two trading days of October.
ST Zhongguan A (000018. SZ) has risen 8.32% in the past two trading days, becoming the strongest stock in the printing and dyeing industry. It has been observed that the stock has started to rise since August 10. As of October 11, it has risen 32.32% in 39 trading days. It is worth noting that the company is a traditional printing and dyeing processing company, but it has already faced the hollowing out of its main business. Due to changes in the joint venture and industry prospects of the Nanjing plant, the capital increase of the joint venture project has not yet been completed. The company's printing and dyeing business has not shown signs of improvement in the short term and the business is facing difficulties. The company expects the cumulative net profit from January to September will be a loss of about -1500 to -12 million yuan.
In addition, there are four printing and dyeing companies that have gone up against the market in the past two days. They are Zhonghe (002070.SZ) (the code in this article is all deleted), Meixinda (002034.SZ) and Hangmin (600987). (SH), Huafang (600448.SH), etc., rose by 1.36%, 1.13%, 1.08%, and 0.21% respectively.
In the cotton spinning industry, six companies rose against the market, including Huafang Textile (600273.SH), which rose 9.41% in the past two trading days, becoming the strongest stock in the cotton spinning industry. The stock entered the grab-start of major funds in October and received a net inflow of 76,555,300 yuan and 1,39.874 million yuan respectively. ST Maier (000971.SZ) and Huamao (000850.SZ) also received continued capital inflows, with cumulative gains of 2.84% and 1.93%, respectively.
The outstanding cotton spinning stocks, Fengzhu Textile (600493.SH) and Xinye Textile (002087.SZ), rose 5.87% and 0.25% respectively in the last two days.
Defensively effective “Cold-Relief Units†are mostly apparel textile and apparel segments, and the apparel segment, in particular, is still one of the preferred sectors for weak market investment. Many brokerages unanimously stated that, in the light of the recent investment logic, it is recommended that brand apparel companies that are deeply involved in the domestic market, have higher brand bargaining power, and have little effect on sales should have a slight impact on sales.
Lu Yuanyuan, a senior analyst of Haitong Securities's textile and clothing industry, believes that the price increase factor in the second half of the textile and apparel industry still exists. The profit margin and price increase for fall and winter wear are even greater than for spring and summer wear. It is expected that the overall growth rate of the industry in the second half of the year is expected to continue for the first half of the year. Good situation. The time window disclosed at the end of 2011 to the annual report will be the best time for the performance of the textile and clothing industry. At the company level, it is recommended to focus on listed companies that still have valuation advantages and future growth.
As a leader in the domestic leisure apparel industry, Seven Wolves (002029.SZ) announced that the company's orders for orders in 2011 have increased, it is expected that the first three quarters of net profit rose by 30% to 50%. The company is the founder of the pattern of casual wear in Fujian Province and the “Huangpu Military Academy†of clothing management talents. On the one hand, the future development depends on the expansion of the provincial government in the third-tier cities. On the other hand, it gradually improves the product quality, design and brand image, taking into account the extension and expansion. Endogenous growth. The stock rose slightly by 0.03% since October, and attracted 577,500 yuan and 361,500 yuan of net inflows on October 10 and 11 respectively.
With the increase in the gross profit margin of Baoxi Bird (002154.SZ) brand, the scale expansion effect is obvious. The company expects the net profit in the first three quarters of 2011 to increase by 40%-60% compared with the same period of last year. The Annunciation reported on October 9 that, despite the apparent increase in store rentals, Baoxi Bird will maintain and increase the profitability of its products, and will open stores at an average annual rate of 15% in the next five years to expand its business scale. According to reports from Xi'an Bird Company, under the obvious trend of rising rental costs, Baoxi Bird will adhere to the middle-to-high-end brand line, continue to invest in research and development, respond to changes in consumer demand, and strengthen the status of Xinxiu as a high-end men's wearer, constantly maintaining and upgrading. Product gross margins, enhance profitability. The stock has dropped slightly by 0.83% since October, and attracted a net inflow of 39.24 million yuan and 1.2081 million yuan on October 10 and 11 respectively.
As the first brand of outdoor products in China, Pathfinder (300005.SZ) expects net profit growth from January to September 2011 to be 50% to 100%. The stock has risen by 1.48% since the month of October and has stood firm on the year, but there is a net outflow of millions of dollars.
According to the information available to the author, the total retail sales of outdoor products in China reached 7.13 billion yuan in 2010, an increase of 47.01% from 2009. From 2000 to 2010, the total retail sales of China's outdoor products market grew at an average annual rate of 47.33%. There is huge room for future growth of China's outdoor products market. Pathfinders will surely become the first beneficiaries.
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