Textile And Garment Industry: Adhere To High Quality Textile And Garment Retail Enterprises

　　 Industry strategy We are always optimistic about textile and garment retail enterprises. Raw material price After stabilization, productive enterprises may have investment opportunities:

　　 Despite the rising prices of raw materials, textile and garment retail enterprises have pricing power. Raw material price increases have little impact on their performance. We expect raw materials to depreciate in the first half of next year, and the prices of already rising retail products are hard to reduce.

We are still optimistic about the future development prospects of domestic textile and garment retail market, and the performance of high quality textile and garment retail enterprises is expected to achieve about 30% growth.

The surge of textile raw materials in the second half of this year is more of a capital factor. Cotton has certain financial attributes. With the tightening of domestic liquidity, raw material prices have begun to decline significantly, and raw material prices in the short run are not conducive to the operation of production enterprises. The price is expected to stabilize in the second half of the year, when production enterprises will have investment opportunities.

We think Textile and garment retail enterprises At that time, the market believed that the upper limit of reasonable valuation should be bought and held investment strategy. The decline is the opportunity to buy, unless the company's management strategy is not in line with the future market situation, brand positioning and strength.

Since the beginning of this year, textile and garment retail enterprises have experienced a substantial increase, and the dynamic P / E ratio is 30-45 times, and some of the mediocre enterprises also get an overvalued value. We think that the future textile and garment retail sector will be differentiated. Only those enterprises with high quality, reasonable management and continuous growth of performance can maintain the current valuation level; n recommendation portfolio: we still suggest that we should focus on seven wolves, Weixing, Luo Lai, fuanna, Meng Jie, good bird and other companies. The Hong Kong stock market recommends that Anta and BELLE should be concerned, and the production enterprises should pay attention to Huafu color spinning and Lutai.