The Trend Of Textile And Apparel Industry: The Leading Force Of Pformation

Textile and apparel industry:

This week

Issued a fixed increase announcement, intends to raise 16.81 billion yuan for supply chain management, sports cloud platform construction and repayment of bank loans, and to increase investment in several previous investment projects. The Maison cultural announcement has set up two cultural subsidiaries, "Mei Sheng Audemars Pigeut" and "Maison two times". The leading companies in pformation will be gradually implemented in the follow-up industrial resource layout. In the short term, with the theme warming or continuing to gain market attention, we will be optimistic about the strong integration ability of the leading industry in industrial resources in the medium and long term, and we should pay close attention to it.

In terms of industry investment strategy, we prefer the high-quality companies that are relatively resurgent in the sub sectors, and at the same time optimistic about the pformation leader who has the advantage of industrial integration. We should pay attention to the following: first, the sub industry leaders who have the performance certainty and the valuation advantage, suggest long-term attention, recommend Hai Lan home, Luo Lai home textile, fuanna, Semir dress, AOKANG International; two, the leading pformation leader with continuous and industrial resources, the resilience stage is very valuative flexibility: Maison culture, great bird, cross border pass, Pathfinder, Lanzi stock, and worth shares.

Industry trend review:

Last week, the Shanghai Composite Index, Shenzhen Composite Index and Shanghai and Shenzhen 300 shares rose by 1.39%/2.42%/0.75% respectively.

Textile and apparel increased by 4.01%, of which textile manufacturing rose 3.54% and brand clothing rose 4.75%.

Important company announcements:

　　美盛文化(设立两家文化子公司“美盛爱彼”及“美盛二次元”)、贵人鸟(非公开发行股票募集16.81亿元，用于供应链建设管理项目、体育云平台建设项目及偿还银行贷款，同时对多项投资增资)、美邦服饰(非公开发行股份数量调整为7.07股，募集资金调整为42亿)、跨境通(向15人授予限制性股票900万股)、嘉麟杰(出资9900万合资设立产业并购基金)、卡奴迪路(非公开发行6000万股募资9.15亿，第一期员工持股计划认购780万股)、三毛派神(向北大众志发行股份购买资产)、鹿港科技(募资10亿打造互联网影视剧项目)、浪莎股份(出资400万合资成立文化公司)、华茂股份(募资9200万收购海聆梦80%股权)、凯瑞德(2.48亿现金收购屹立由100%股权)。

Tracking of overseas listed companies:

(sales growth of 12% in October), A& F (three quarter earnings growth 130%), Nike (120 $100 billion repurchase 11% shares), Versace (annual revenue increased 17%), L Brands (three quarter net profit growth 24.4%), Ralph Lauren (launched smart touchscreen fitting room), Bo Si Deng (medium term profit plunge)

Industry important information:

The "double 11" brand of clothing industry increased; in October, retail clothing prices in the United States dropped by 0.8%.

This week's stock portfolio:

The combined increase was 2.88% in the previous period, and 1.13 percentage points in the running industry index.

Stock pool this week: Mei Sheng Culture (20%), noble bird (30%) Hai Lan's home (20%),

(10%), cross border pass (10%) and Wordsworth shares (10%).