Textile And Garment Industry Decreased Retail Sales In The First Half Of 2014

< p > > the world's < a target= "_blank" href= "http://www.sjfzxm.com/" > clothing < /a > a target= "_blank" href= "_blank" > shoes "< hat > net" to introduce the "Xiaobi", "50", "textile" clothing industry: in the first half of the year, the retail sales of the major large retail enterprises decreased by 0.5%.

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< p > research paper, Anxin securities 2014-07-16 08:35, I want to share 0 industry performance reviews.

This week the Shanghai Composite Index, Shenzhen Composite Index and Shanghai and Shenzhen 300 rose by -0.60%, -1.73% and -1.41% respectively.

Textile and clothing increased by 0.52%, of which textile manufacturing increased by 0.39%, and the brand < a target= "_blank" href= "http://www.sjfzxm.com/" > dress < /a > increased by 0.77%.

From the perspective of stocks, the top five companies were Kaiser shares, Victor, Haixin shares, Pathfinder, and Jiangsu three friends; the top five companies were *ST Xia Ke, Huafang textile, noble bird, leading stock and Zhonghe stock.

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< p > industry view this week.

In the first half of the year, the retail sales of 50 major retail enterprises decreased by 0.5%, and the growth of terminal retail was still 5.5 percentage points lower than that of the same period last year.

< a target= "_blank" href= "http://www.sjfzxm.com/" > brand clothing < /a > plate, we believe that in the second half of 2014, there is little probability of a significant recovery in retail demand, and the fundamentals remain at the bottom of the shock. However, the downside risk of terminal consumption is reduced, so as to maintain the industry's "synchronous big city -A" rating.

The recommended stocks in the second half of the year are: Pathfinder (with Internet platform thinking), Semir clothing (comprehensive layout of children's wear industry), fuanna (building multi brand and big home "little IKEA" mode), Maison culture (integrated cultural industry chain).

The textile manufacturing sector is active in mergers and acquisitions, focusing on the essence of Vic and its shares.

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< p > industry portfolio.

Last week, the combined growth rate was 1.83%, exceeding the industry index by 1.72 percentage points.

This week, the industry stock pool will not be adjusted, and the weight adjustment will be: Pathfinder (30%), Semir apparel (25%), Luo Lai home textile (20%), and fuanna (25%).

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< p > announcement of important industry companies.

A shares listed companies: fuanna (prosecution dream home textiles received); Lu Tai A (external investment Bulletin); Huafang textile (the first half of 2014 earnings pre earnings); Kaiser shares (first half performance is expected to be revised, industrial fund increase); good news birds (executives turnover, first half performance expectations Revision); blue Ding Holdings (first half performance expectations Revision).

Overseas listed companies: PEAK sports (growth in orders for the four consecutive quarter); Gap (group store sales in June dropped by 2%); Zhou Dafu (Q1 same store sales plummeted); Levi 's (two quarter earnings plunged 76.2%); baozi (issued earnings warning).

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< p > key company tracking.

This week we investigated the three home textile enterprises in Fujian: < a href= "http://www.sjfzxm.com/news/index_f.asp" > seven wolves < /a >, nine Mu Wang and "noble bird".

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< p > raw material data: Cotton: 328 spot spot weekly average price 17273 yuan / ton (-0.26%); CotlookA:83.85 cents / pound (-3.5%); chemical fiber: viscose staple fiber 11820 yuan / ton (-0.67%), viscose filament 34730 yuan / ton (-0.06%), spandex 40D 48000 yuan / ton (+0%), spandex 20D 59000 yuan / ton (+0%), polyester DTY 11600 yuan / ton (-1.69%), yuan yuan / ton.

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< p > risk hint: 1) terminal retail continues to slow down and corporate Q2 profits are not as good as expected; 2) companies need to adjust their pformation time to verify.

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