Analysis Of Garment And Textile Industry In November

< p > < strong > core view: < /strong > < /p >.

< p > by the early decline, the retail sales data in November were better, and the rebound of the sector exceeded the market.

Last week, A shares rebounded strongly after the low innovation (1949 points), with the Shanghai Composite Index up 4.12% and the Shanghai and Shenzhen 300 up 5.01%.

Affected by earlier decline and better retail sales data in November, the rebounding of textile and garment sector was stronger than that of the general market, with an overall increase of 5.51%, of which textile manufacturing rose 5.07%, < a href= "//www.sjfzxm.com/news/index_f.asp" > apparel home textile > /a > 5.91%.

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Less than P, the leading companies are Huafang textile, Huafang shares and Hua Sheng shares; Fujian Nanfang, ST Maya and ST A are the top three.

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< p > raw materials, grade 328 cotton spot price last week averaged 18957 yuan / ton (+0.36%); CotlookA82.33 cents / pound (+1.12%); polyester short 10626 yuan / ton (+1.34%); sticky short 13870 yuan / ton (-1.70%); 32S all cotton yarn 25680 yuan / ton (-0.07%); CG-C32 grey cloth 6.42 yuan / M (-0.06%); cotton price difference 4375 yuan / ton (-1.05%).

Cotton prices continued to rise slightly, but grey fabrics and yarns remained weak.

Domestic cotton prices remain small trend, still mainly depends on purchasing and storage policy support.

As of 7 days, the total amount of storage and storage has reached 3 million 815 thousand tons.

In November, the retail sales volume of 50 key large retail enterprises increased by 14.97% compared to the same period last year, which was only lower than that in June.

Among them, a href= "//www.sjfzxm.com/news/index_c.asp" > clothing retail < /a > volume increased by 17.5% over the same period last year, up 6.62 percentage points from last month, the highest growth rate in the year. Retail sales increased by 10.9% over the same period last year, and the growth rate was 10% over the two consecutive months since October.

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< p > recent tracking: terminal retail rebounded in November and large area repurchase occurred.

In the near future, the terminal situation was tracked in November. The best month of the year was November, and the terminal retail sales increased by 25%+.

Nine Mu Wang: in November, the weather was cold in the whole country, and the retail terminal growth rate of the direct business system was 20%+.

YOUNGOR: in November, the recovery rate was 18%, and the retail sales increased by 16%.

Semir: terminal retail sales increased by 10%+ in November, better than in October.

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< p > Pathfinder: in November, 3A customer 40%-50% accounted for 50%+ of total sales.

In addition, from the notice of last week, the large size of the small repurchase of listed companies has occurred.

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< p > we maintain the industry's "prudent recommendation" rating.

In the early days, the decline was large, and the data in November were better. The recent a href= "//www.sjfzxm.com/news/index_cj.asp" > plate rebounding < /a > power source, November sales were better affected by the cold climate and the intensity of the terminal activities brought by the backlog of consumption. Dealers sold at the current rate of no less than last year.

As long as sales are good in December, considering the long sales hours before the lunar calendar year, the dealer's sales rate and payment will be better than last year, large-scale closes will not happen.

The second half is the key to profitability. In the coming days, the retail situation is crucial. In 2013, the enthusiasm of dealers to set up shop also depended on the policy support given by the listed companies and maintained the "prudent recommendation" rating.

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< p > last week, our portfolio outperformed the industry average.

In the short term, the relative recommended varieties are cnndi road and good bird.

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< p > good luck bird is now at the bottom of history.

The investment logic of both LAN Zi and Carlo NDI road is the same, and both revenue growth and profit growth are in line with expectations. The annual profit forecast has not been adjusted.

After the completion of the seven wolves, combined with the order meeting, cost control, interest income, the 13 year growth rate is most determined.

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