Textile Industry Needs To Wait For Inventory Digestion And Terminal Consumption To Improve.

< p > Market Review: A share spinning service plate +3.10%, ranked 6/23, Shanghai and Shenzhen 300 (+1.18%); Shenda shares +51.71%, leading shares +37.85%.

Hong Kong stock spinning and weaving section -0.75%, Hang Seng Index -0.6%; Heng Fu Holdings 17.91%, KEE+11.43%.

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< p > macro: in July, China's consumer confidence, satisfaction and expectation index were 97, 91 and 101 respectively.

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< p > industry data: Keqiao < a target= "_blank" href= "//www.sjfzxm.com/" > textile < /a > total price index 105.92, compared with last week -0.07%; national cotton 328 fell 0.11%, Cotlook A increased 0.01%; yarn price stable.

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< p > key company tracking (research, information tracking, report): seven wolves Company Research Report: wholesale to retail, increase fine management strength; nine Mu Wang Company Research Report: extension expansion slowed down, to business men's clothing pformation; worth shares China daily review: upstream and downstream integration leader competitiveness; Luo Lai home textile review: cost control to enhance net profit, agent brand accelerate the development of silver cashmere industry comment: downstream industry extension, foreign sales increased substantially.

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< p > Company announcement: A shares: Meng Jie home textile: the total share capital 5.9% stock option incentive plan; the establishment of Tibet subsidiary; the pfer of Nantong Meng Jie equity; the silver cashmere industry: H1 income increased by 1 billion 415 million yuan, increased by 17%, net profit 181 million yuan increased 33.3%; American bond a _blank "href=" http:/ /www.sjfzxm.com/ "dress > /a >: H1 income 3 billion 738 million yuan reduced 18.7%, net profit 222 million yuan reduced 48.5%.

Hong Kong Stock: Luen Thai Holdings: H1 revenue increased by US $537 million, net profit increased by US $18 million to US $48.3%; Shenzhou International: H1 revenue increased by 4 billion 773 million yuan to 9.5%, net profit of 920 million yuan increased by 11.3%.

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< p > main points and investment suggestions: this week, the concept stock of the free trade area is one of the most outstanding.

1) brand clothing: the performance of China Daily is obviously divided, and some companies have lost their historical burden and entered a new growth period.

Because terminal consumption is still not ideal and most of the companies are still in the adjustment period, the trend opportunities need to wait for the end of season inventory digestion and terminal consumption improvement, continue to maintain the "neutral" rating of the 2013 brand clothing plate, recommend the Semir group, the costumes and Pathfinder.

2) textile manufacturing: cyclical quotes will last until the end of the year: the textile manufacturing sector is more active in recent years, mainly in theme and concept stocks, such as Jia Linjie, leading shares, and Shenda shares, which have no basic support, and Jialin Jie plummeted on Friday.

It is expected that the direct subsidy will be fully launched next year, and the leading cyclical market will continue until the end of this year: it is expected that the domestic and foreign cotton price differential will further narrow, which will help to boost the gross profit margin. In July, export data will continue to improve, and the textile sector will continue to be "overweight" rating.

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