Investment Report on Textile and Clothing Industry: Significant Upgrades in Outdoor Product Consumption
Release time:
2017/04/27
Market Review:
This week, the Shanghai and Shenzhen 300 fell by 2.25%, while textile and clothing fell by 5.72%, ranking 23rd among the 28 industries in Shenwan. Among them, the textile sector fell by 5.77%, and the clothing sector fell by 5.70%.
Key investment points:
The upgrading of outdoor product consumption has significant attributes, and after 20 years of rapid growth, it has entered the stage of refined cultivation. Traditional manufacturing and retail enterprises are transforming and upgrading, with a focus on outdoor tourism products and outdoor event operations to stimulate a new round of demand, and to share a trillion dollar market in the tourism and sports industry. In the future, with the improvement of outdoor infrastructure, the improvement of residents' income levels, and the awakening of health awareness, there will be a new round of outbreaks. It is recommended to pay attention to Sanfu Outdoor and Pathfinder, whose stock prices have significantly declined recently.
Industry information:
The turnover rate of Guochu Cotton Wheel this week was 74.14%, which is stabilizing. As of April 21st, the cumulative planned outbound volume for this year is 1.0337 million tons, with a cumulative outbound transaction volume of 767300 tons and a transaction rate of 74.23%.
The trend of raw material prices: This week, there was a significant increase in external cotton prices, with a price difference of 488 yuan/ton between internal and external cotton; The price of chemical fibers continues to fluctuate, with a 9.54% decline in viscose short fibers in the past month; The Chinese yuan depreciated by 0.12% this week.
Retail export data stabilized. In March 2017, the cumulative year-on-year increase in retail sales of clothing, shoes, hats, needles, and textiles was 6.2%, with a year-on-year decrease of 0.14 PCT in growth rate. The cumulative year-on-year decrease in exports of textile yarn, fabrics and products, monthly clothing and clothing accessories, and footwear was 0.81%, 4.71%, and 0.16%, respectively, with a significant rebound compared to the first quarter of last year.
This week, the Shanghai and Shenzhen 300 fell by 2.25%, while textile and clothing fell by 5.72%, ranking 23rd among the 28 industries in Shenwan. Among them, the textile sector fell by 5.77%, and the clothing sector fell by 5.70%.
Key investment points:
The upgrading of outdoor product consumption has significant attributes, and after 20 years of rapid growth, it has entered the stage of refined cultivation. Traditional manufacturing and retail enterprises are transforming and upgrading, with a focus on outdoor tourism products and outdoor event operations to stimulate a new round of demand, and to share a trillion dollar market in the tourism and sports industry. In the future, with the improvement of outdoor infrastructure, the improvement of residents' income levels, and the awakening of health awareness, there will be a new round of outbreaks. It is recommended to pay attention to Sanfu Outdoor and Pathfinder, whose stock prices have significantly declined recently.
Industry information:
The turnover rate of Guochu Cotton Wheel this week was 74.14%, which is stabilizing. As of April 21st, the cumulative planned outbound volume for this year is 1.0337 million tons, with a cumulative outbound transaction volume of 767300 tons and a transaction rate of 74.23%.
The trend of raw material prices: This week, there was a significant increase in external cotton prices, with a price difference of 488 yuan/ton between internal and external cotton; The price of chemical fibers continues to fluctuate, with a 9.54% decline in viscose short fibers in the past month; The Chinese yuan depreciated by 0.12% this week.
Retail export data stabilized. In March 2017, the cumulative year-on-year increase in retail sales of clothing, shoes, hats, needles, and textiles was 6.2%, with a year-on-year decrease of 0.14 PCT in growth rate. The cumulative year-on-year decrease in exports of textile yarn, fabrics and products, monthly clothing and clothing accessories, and footwear was 0.81%, 4.71%, and 0.16%, respectively, with a significant rebound compared to the first quarter of last year.
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