A Brief Comment On The Textile And Clothing Data In August

August clothing industry The growth rate of retail terminals rebounded, but the spring and summer order meetings of listed and unlisted brand companies held in succession in 2013 slowed down significantly as expected by the market. We believe that weather is the next important variable. If the peak season in the fourth quarter recovers, the key companies after the current in-depth valuation adjustment will have a large rebound space.

If the terminal in the fourth quarter is still depressed, investment opportunities in the industry sector will come from valuation switching. Short term suggestions focus on those with more adjustments in the early stage Seven Wolf (002029, buy), Jiumuwang (601566, buy), Baoxiniao (002154, increase), Aokang International (603001, increase) and Landsee (002612, increase). In 2012, there was no change in the key recommended varieties: Jiumuwang (601566, buy), Seven Wolf (002029, buy), Shanghai Jiahua (600315, buy), Toread (300005, increase), Landsea (002612, increase) and Fuanna (002327, buy).

about spin In the manufacturing sector, although the country has introduced eight measures to promote foreign trade growth, the impact on enterprises is limited in essence. At present, considering the weak external demand, the increase of international trade friction, the increase of the price difference between domestic and foreign cotton and the rise of domestic factor costs have weakened the competitive advantage of export products, as well as the continuous transfer of orders for low-end products to Southeast Asian countries, textile and clothing exports still face greater pressure in the future, and focus on the recovery of external demand.

For the clothing and home textile sector, it is suggested to focus on the brand men's clothing, women's clothing, casual clothing and the external sub industries with good fundamentals, steady growth and strong performance certainty for a long time. Brand clothing The enterprise has brand and channel advantages and is relatively less affected by the economic downturn. After the short-term interim results were delivered, brand clothing stocks accumulated a certain increase in the early period, so pay attention to the risk of valuation correction.