Analysis Of The Development Of China'S Textile Industry In The Third Quarter

< p > < strong > Market Review: < /strong > last week textile < a href= "//www.sjfzxm.com" > clothing < /a > plate absolute yield 1.14%, the Shanghai Composite Index rose 0.12%, the Shanghai and Shenzhen 300 index rose 0.68%, and the textile and garment sector won 0.45 percentage points.

The absolute yield of the textile sector is 0.3%, relative yield -0.38%, the absolute yield of the clothing sector is 1.90%, and the relative yield is 1.22%.

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< p > last week, < a href= "//www.sjfzxm.com/news/index_c.asp" > textile > /a > clothing plate, the average income of seven fine molecular industries is positive.

The top two industry segments were women's clothing industry and home textile industry, with an average decline of 9.4% and 4.97% respectively.

The two sub sectors after the fall were outdoor and export industries, with an average increase of 2.32% and 0.5%.

At present, the average price to earnings ratio of the home textile industry has dropped to less than 15 times. At present, the fundamentals of home textiles can fully support the current valuation. If the investor holds the medium and long term investors (the investor cycle is more than 3 months or above), the stock of the home textile industry can be allocated in time.

Investors can also continue to focus on companies whose performance is more stable. The valuation switch in 2013 will be reflected in the more stable companies.

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< p > < strong > industry news trends < /strong > < /p >

< p > 1) China clothing association clarifies the stock crisis rumors.

The reasons for high inventory are explained in terms of financial treatment, operation stocking, sales scale and so on. 2) China has released third quarter textile "a href=" //www.sjfzxm.com/news/index_cj.asp "economic situation < /a > and the future trend of industry.

According to the analysis, the textile industry overall recovered in the third quarter.

The scale of production and investment continues to expand, the scale of exports has risen slightly, the domestic market has maintained a certain degree of growth, the adjustment of industrial structure has accelerated, and the profit of textile industry has been showing positive growth for the first time since this year.

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< p > < strong > Dynamic of listed companies < /strong > < /p >

< p > 1) Hinur's announcement on controlling shareholders' holdings of shares of the company 3) announcement on Saturday (002291) about 4 of controlling shareholders' pledge of share rights). Pathfinder (300005) outdoor leisure new brand construction project < /p >

< p > feasibility study report 5) Pathfinder (300005) announcement on the review of national high-tech enterprises (6) Weixing stock (002003) announcement on pferring part of the shares of Shanghai Weixing Optical Co., Ltd., a wholly owned subsidiary, < /p >

< p > industry related data: the COTLOOKA index rose 0.18% last week to 82.35 cents / pound.

Domestic grade 328 cotton, a slight increase of 0.39 percentage points, to 18991 yuan / ton.

Viscose staple fiber fell slightly -1.70%, polyester staple fiber increased 1.16 percentage points.

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< p > < strong > investment recommendation < /strong > /p >

< p > affected by the low base level of the fourth quarter, we expect to see an increase in the year-on-year growth rate in December.

2012 in the second half of the year, the clothing sector has been in a 5 month decline. The decline in the whole sector has reached 30%, and the industry PE is at a historic low.

The market expectations of Listed Companies in 2012 have been gradually reasonable.

Some of the segments that are in place can start strategic deployment.

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< p > textile company's low performance and low performance in the second half of the year, but the industry inflection point still needs to wait.

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< p > we suggest that we continue to pay attention to the stable performance of the listed companies and the home textile industry that is in line with the industry readjustment next year.

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< p > focus on stocks: Luo Lai home textiles, canu Di Road, Pathfinder < /p >