The Devaluation Of The RMB Led To The Tide Of Textile And Apparel Sector.

In order to enhance the marketization and benchmarking of the RMB exchange rate against the US dollar, the central bank has decided to improve the quotation of the RMB to the US dollar exchange rate. Since August 11th, market makers have referred to the closing rate of the interbank foreign exchange market in the daily interbank exchange market before considering the demand and supply of foreign exchange and the exchange rate of major international currencies. In August 11th, the central parity of the RMB against the US dollar depreciated by nearly 2% compared with the August 10th median price.

Qilu Securities believes that the adjustment of the central parity of RMB against the US dollar is a one-time adjustment to the expected depreciation of the RMB exchange rate. China's sustained economic performance is in the doldrums. The US interest rate increase is expected to exist. In addition, a large amount of liquidity has been released from the early bailout financial system, leading to a strong devaluation of the RMB. In addition, the spot exchange rate of RMB against the US dollar hit the highest level in nearly a year on 18 May, and remained stable for 3 consecutive months, exacerbating the expectation of depreciation.

Qilu Securities said that the depreciation of the renminbi will lead to an event investment opportunity for export oriented industries. Short term opportunities suggest that industries with greater elasticity of export delivery and exchange rate elasticity of export delivery will be more concerned. It is suggested to pay attention to textile, clothing, furniture, instruments and meters, culture and education, sports, food and beverage, computer and other industries. Specific targets such as Lu Tai A, Huafu color spinning, Del home and Meck home and other stocks.

The depreciation of RMB is conducive to the export of domestic enterprises. According to the annual report of Lu Tai A last year, the composition of main business income is classified by region, and domestic sales account for only about 30%, and export proportion is larger. Judging from the composition of its export business, Southeast Asia Europe and the United States and other regions have larger business volume.

After hours data show that Lu Tai A Yesterday, the institutions and the idle funds jointly promoted the daily trading, of which the amount of buying was larger, and buying one and buying two seats were all institutions. The total purchase amount was 75 million 720 thousand yuan, which accounted for nearly 10% of the day's turnover. In addition, Haitong Securities Hangzhou Jiefang Road securities business department, Huatai Securities Shanghai Macao Road Securities Business Department bought more than 20 million yuan. On sale, one agency sold 33 million 30 thousand yuan, and the Wuhan Hongshan Road Securities Business Department of Jinyuan securities sold 14 million 150 thousand yuan.

Among other stocks, American Apparel Yesterday, there was also a daily limit. Post market data show that the rise of American barrack clothing is mainly driven by hot money, and the active Jiangmen capital Jiang Hua securities business department buys the most money, which is 81 million 970 thousand yuan; Qilu Securities Ningbo Jiangdong North Road Securities Business Department, Qilu Securities Shanghai Jianguo Middle Road Securities Business Department, Huatai Securities Shanghai Wuding Road Securities Business Department also bought tens of millions of yuan. In terms of selling, the first five seats were all hot money, but the amount of selling was relatively scattered. Guoxin Securities Beijing Three Mile River Securities Business Department sold the most, which was 21 million 120 thousand yuan.

Thailand shares yesterday trading for third consecutive trading days, the 3 days after the data show that galaxy securities Hangzhou Qingchun Road Securities Business Department to buy the most, for 21 million 30 thousand yuan, in addition, 3 institutions have bought more than 10 million yuan. Card NDI road also rose sharply in the past 3 days, a total increase of 32%. After the data show that these 3 days, the main buyers and sellers are brokerage business department, including the new era securities Tianjin Changjiang Road Securities Business Department to buy the most amount, to 38 million 390 thousand yuan.