Textile And Garment Industry Should Continue To Pay Attention To Brand With Definite Growth.

Industry perspective

Brand clothing sub industry: we believe that the main reason for this week's adjustment is that the slowdown in the economic growth in the late stage will lead to the weakening of consumer demand, which will further affect the sustained growth of the garment industry.

However, we believe that in the environment of increasing domestic residents' income and upgrading consumption, some companies with higher brand operation capacity, and channel management and expansion capabilities may still maintain relatively definite growth.

Therefore, we still recommend that we continue to pay attention to seven wolves, YOUNGOR, wedding bird, Hinur and home textile sub industry.

At the same time, we also note that because of the earlier spring festival this year, some consumption is earlier than in previous years. Therefore, it is estimated that the sales figures for 1 and February may not reflect the actual market situation this year, so we suggest that we focus on the sales situation in March.

Stock price performance: in the first trading week of 2012, the market trend of the whole sector was not ideal, losing about 4 percentage points of the Shanghai Composite Index.

The leading companies in this week are Shandong Ruyi, Zhonghe stock, Tai Ya stock and Lu Tai A.

The growth rate of ST sources was 2.39%, 1.32%, 0.65%, 0.13% and 0.13% respectively.

Our focus on the company's A gains positive gains, or 0.13% respectively.

Raw material price

Cotton spot remained at 19000 yuan / ton.

Cotton prices are 328 this week.

Risk warning

The economic recovery in Europe and the United States has repeatedly affected export demand, and the demand for price rises has exceeded expectations.