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Textile and apparel in line with the anticipated development rate of the household market
The first quarter of 2009, textile and apparel goods overhead wholesale sales to augment by about 14.3% year-on-year. Taking into account: 1, clientele approval catalogue of buyer anticipations catalogue and there is no clear-cut rebound. 2, generally the next quarter is the top time of the year utilisation of textile apparel, textile and apparel the second quarter of the household market development is still expected to down turn to sustain the scheme in 2009 household sales of textiles and apparel 12-17% development forecast.
Seasonal components, directed to declines in trade items, textile and apparel trade items to referee or warmer it is too early to stabilize
In March 2009 a gross size of textile and apparel export increases rate of -15.6%, -5%, a distinctly cheaper decline. The impact of the former quarter of many textile and shirt export factors, we suspect that within the primary textile and apparel importing countries possess not yet stabilized the economy, rising unemployment, the seasonal factor is the former quarter of 2009 exports of textiles and costumes of the primary causes decline. Only the former quarter of 2009, decreases within exports of textile apparel, textile and apparel exports towards adjudicate less than has been stabilized or warmer.
Bird news recommended to maintain buy rating, target price raised to 18.75 yuan; recommendations concern Lutai-A.
Textile and clothing industry taking into account the two major driving force for growth is still substantial changes, the maintenance of sub-sectors of the judge, the proposed continuous fashion retail sub-sectors of concern.
Considering the retail apparel company’s development class, the valuation of the grade of lesser market liquidity and the likely principle significances, we accept as factual that the security of the marginal good report bird high on the goal cost to 18.75 yuan, sustaining purchase ratings.
Apparel fabrics, garment accessories, and other sub-sectors listed companies with lower valuation Lutai-A, a higher safety margin, the proposed attention.