Weekly Report Of Textile And Garment Industry: Nearly Half Of The Spinning And Weaving Company Released Its Performance Bulletin.

Last week's market review:

Last week, the textile and garment industry rose 5.78%, ranking seventeenth in 28 industries, and lost the Shanghai and Shenzhen 300 index 0.74PCT. Last week, the top five stocks were Anne, modern Avenue, Wang energy ring, Bo Bao Long, and China group. Last week, the top five stocks were: many likes, Jen Sheng group, Shanghai three days, Busen shares, and Xinlong holdings.

Last week, the industry was hot:

On Thursday, Gap, the US apparel group, announced that it would split its OldNavy brand into an independent listed company. The remaining Gap brands, Bananapublich and Athleta belong to another unnamed company.

Because of its declining performance, it has closed 30 stores last year and will continue to close 53 stores in the North American market this year.

In February 26th, sporting goods company Anta group released its 2018 performance report. The report shows that in 2018, Anta group's revenue was 24 billion 100 million yuan, an increase of 44.4% over the previous year, and gross profit of 12 billion 687 million yuan, an increase of 53% compared with the same period last year, with gross margin of 52.6%, an increase of 3.2% over the previous year, and a net interest rate of 4 billion 100 million yuan, an increase of 32.9% over the same period last year.

Listed companies focus on:

As of February 28, 2019, the textile and garment sector of the 87 targets, a total of 41 issued performance bulletin. The positive growth rate of performance was 27, accounting for 66%, while negative growth accounted for 14, accounting for 34%. 3 of them were deficit companies.

Of the 41 companies that released the results, Vigna S had not released a notice. Three companies reported faster growth or higher than the upper limit of performance forecasts, compared to the products of the two categories, namely, Alphonse, Semir and costumes. One of them is lower than the lower level of performance notice.

Investment strategy and key recommendation:

We believe that the textile clothing plate has fallen over 2 years. At present, the market expectations and valuations are relatively low. With the gradual disclosure of the industry performance and annual reports, the quality of the high quality racing bibcocs in the industry shows the resilience of performance growth.

In the clothing sector, children's clothing and sports apparel are still in the boom stage. Upstream manufacturing, with overseas capacity layout leader, is not afraid of changes in the trade environment, orders with the release of capacity. Recommended targets: adult casual wear and children's wear, double headed Semir costumes, men's wear leading sea Lan's home, golf and tourism leisure wear faucet. Upstream manufacturing side, it is recommended to pay attention to the overseas production capacity in the release period of Baron East and Huafu fashion.

Risk warning: Residents' income level is declining, residents' consumption will continue to slump, and terminal clothing sales decline.