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Galaxy Securities: Give Textile Industry "Neutral" Rating

2010/7/3 14:16:00 67

Galaxy Securities Textile


Galaxy Securities recently released industry research report pointed out that continue to maintain the textile plate production enterprises "neutral" investment rating, combined with key listed companies capacity expansion, price increases and raw material reserves, and valuations, prudently recommend Lu Tai A (8.20,0.06,0.74%), Weixing shares (16.99, -0.41, -2.36%).

Huafu color spinning

Taking into account the current relative valuation level, we downgrade the brand clothing business to "prudent recommendation".


In the key listed companies, investors are advised to continue to focus on business, leisure and home textiles.

Seven wolves

(30.00,0.00,0.00%), 53.37,0.46,0.87%, at the same time, at the same time, we also pay attention to 23.50,0.70,3.07%, and 18.89,0.04,0.21%.


For production enterprises, the report believes that its export growth and performance growth has recovered to a relatively high level, and will remain high before and after the whole year.

At present, the price of raw materials is at a historical high level, the low end labor costs continue to rise, the euro depreciation and the European debt crisis make the euro area demand decline, which will become an unfavorable factor hindering the growth of the industry in the second half of this year and the growth of business performance.

For brand domestic enterprises, its retail growth rate is still high, and there is no pressure of performance reduction in 2010.


Existing clothing enterprises above Designated Size

retail

The growth rate of retail sales and the growth rate of clothing sales in large shopping malls are still at a high level; while the key retail brands of domestic clothing and apparel companies maintain two digit growth rate, and the growth rate of autumn and winter orders in 3-5 months is better than those in the first two quarters, all of which provide protection for 2010 performance; the growth rate of business performance in this year is generally over 20%.

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