Textile Industry In The Deep Transition Period, Market Competition Intensified.

< p > textile sub industry level, it is expected that raw material market prices will be weak and downward, leading enterprises' production and sales will grow steadily, and their quality and efficiency will be basically stable. In the short and medium term, cotton textile leading enterprises have the value of allocation investment. In the medium and long term, with the adjustment of cotton policy, the cotton textile industry is expected to usher in favorable opportunities, and leading enterprises will benefit from it. < /p >
< p > > a href= "http:// www.sjfzxm.com/news/index_c.asp" > clothing < /a > sub industry level, the domestic market as a whole has no obvious improvement, but shows a trend of structural differentiation: (1) the growth rate of rural consumer goods market is expected to continue to rise, but the growth rate of urban market has been slowing down. (2) online shopping channels are still growing at a high speed, but the growth rate of physical channels has been slowing down. (3) the overall market downturn, but new consumer demand and expectations are constantly emerging. It is estimated that the trend of profit differentiation of garment stocks will be more obvious in the future: (1) in the deep transition period of the industry, more consumer blind spots and business opportunities will be breeds, such as double eleven, balance treasure and WeChat red envelopes. (2) the traditional clothing retail brands have lagged behind and mismatched different rhythm in grasping and satisfying the new demands, and the enterprises will have a more obvious differentiation, including profit differentiation, in response to the different rhythm and intensity of the new changes. < /p >
< p > < strong > long term recommendation of fuanna, < a href= "http:// www.sjfzxm.com/news/index_c.asp" > Semir dress < /a > /strong > /p >
According to our last week's tracking of Hinur, Fu Tian, Mei Sheng, Lu Tai A and Wei Qiao textile, we judged that (1) the domestic market is flat, but the emerging models and brands are rising. (2) the export market is running smoothly, the US economy has been growing, the EU economy has been revival, and the Japanese market has been greatly influenced by the consumption tax. < /p >
< p > for cotton price trend, the industry generally believes that the probability of continued weak fall will be close to 100% in the future, but it is still unable to determine the pace and magnitude of the fall. This will depend on the impact of the implementation of the cotton direct subsidy in September. < /p >
< p > we think that the factors that affect cotton price trend include supply and demand, policy and funds. Since this year, the overall overseas economy has recovered steadily. However, the introduction of cotton direct subsidy policy has led to lower orders for the downstream customers. If the introduction of the implementation plan in September has a significant impact on the listing price of new cotton, it is expected that cotton prices will stabilize in a short period of time, which will make the order of cotton textile enterprises better in the 4 quarter. < /p >
< p > < strong > last week, the operation of the industry was rather dull. < /strong > < /p >
< p > last week, < a href= "http:// www.sjfzxm.com/news/index_c.asp" > textile and garment sector < /a > 2.89%, which was higher than that of the big market (the Shenzhen Composite Index rose 1.63% last week), of which the textile and clothing sub sectors rose 3.02% and 2.76% respectively last week. From the ten stocks in the top ten, Changshan shares, Kaiser shares and other major stocks increased. < /p >
< p > from the PE valuation level, the textile and garment sector is currently 15 times the PE, corresponding to the 14 year forecast net profit growth rate of 18.19%. < /p >
< p > according to the latest figures released last Monday, the export volume of textiles and garments to Europe, the United States and Japan increased by 15.38%, -0.87% and -5.67% respectively in 1-5 months of 2014. From the statistical data alone, we have some differences with our recent research feedback. According to our survey of five listed companies last week, the overall export of textiles and clothing is stable this year. Cotton textile enterprises generally believe that the US economy is growing, the European Union is in recovery, and the Japanese market has been depressed due to the improvement of consumption tax. < /p >
< p > cotton prices continued to drop slightly, and cotton prices fell 0.18% to 17337 yuan / ton last year. < /p >