Fund Positions Accounted For 1.19% Of Textile And Apparel 4 Of The Stock Market Rose Against The Market Month

The concept of big consumption is attracting more and more attention from institutional investors.

Two the quarterly fund's position also shows this obvious feature.

According to statistics, as of the two quarter investment portfolio that was announced yesterday, the proportion of fund holding catering tourism accounted for 1.19% of A shares in the industry circulation, ranking second of the A shares in the fund holding position.

22 shares favored by the fund

Statistics show that in the two quarter of the fund's holding position, 22 of the fund's holding of textile and apparel stocks accounted for 27.5% of the total number of Companies in the industry, holding a stock market value of 7 billion 425 million yuan, accounting for 1.19% of the circulation of A shares.

Among the stocks, the top 5 stocks with the largest share of A shares in circulation are 31.24%, 13 funds have 38 million 406 thousand shares, and the stock market value is 49 million 339 thousand yuan, the latest price is 24.96 yuan. The 6 funds hold 16 million 652 thousand and 600 shares, the stock market value is 379 million 670 thousand yuan, the latest price is 379 million 670 thousand yuan, the trail market occupies the proportion, the stock market value is RMB yuan, the latest price is RMB yuan, the seven wolf wolf occupies the ratio, the family fund holds the stock market, the stock market value is RMB yuan, the latest price is RMB yuan, the Fuan Anna occupies the stock market, the stock market holds the stock market, the stock market value is RMB yuan, the latest price is RMB yuan. In the possession of 22

From the market performance, this year, the textile and garment sector has increased by -1.3%, and the Shanghai Composite Index has increased by -1.4% during the period. At present, the dynamic price earnings ratio (TTM) of the plate is 22.9 times.

From the point of view of the subdivision of textile and clothing, the number of the top gainers has increased by 15.2% for other textile products this year, and the dynamic price earnings ratio (TTM) is 11.7 times. The other garments are up 14.2%, and the dynamic P / E ratio (TTM) is 30.5 times that of the current ones. The silk price is 7.1%, and the current dynamic P / E ratio (TTM) is 27.3 times.

Demand steadily rebounded

It is reported that in the first half of 2012, external demand was sluggish and export situation was still weak. In 1-6 months, textile and garment exports grew by 2% year-on-year, and textile exports increased by 1.29% over the same period last year. The monthly improvement has been improved, but no obvious improvement has yet been seen. In the 1-6 months of this year, clothing exports increased 1.87% over the same period last year, and the growth rate was slightly better than that of textile exports, but the overall performance was still weak.

From the domestic point of view, 1-6 months this year, textile and garment industry consumer goods.

The growth rate is 16.9%.

In the two quarter, the sale of apparel retail terminal was better than that in the first quarter.

In the first half of this year, the growth rate of textile and garment enterprises above the limit was 16.9%, which is better than the 14.6% growth rate in the first quarter.

In addition, this month, 4 textile and apparel stocks rose against the market, namely: leading shares, Pathfinder, search at special, YOUNGOR.

The total retail sales of consumer goods increased by 14.4% over the same period of 1-6 this year.

According to the forecast of China Business Information Center, zero growth rate is expected to increase in the second half of the year, and the 15% quarter and fourth quarter in the three quarter will be 15.3%.

Brand clothing enterprises are favored

At present, textile and apparel as an optional consumer goods, its domestic retail business has experienced rapid growth in the past two years. Now it is in the boom and downlink cycle. The intensity and frequency of channel promotion continue to increase. Inventory is in progress. There is no sign of obvious improvement. The adjustment time may be longer than the market expected.

According to Anxin securities, the investment strategy of the brand retail sub industry in the second half of the year is: first of all, maintaining stability is the top priority. In the second half of the year, the competition pressure is small, the performance growth is determined, and the industries and companies with low inventory pressure are the key investment directions; secondly, we actively look for the industry leaders whose demand is the first to recover.

For brand clothing enterprises, based on the order will be locked, the annual performance is relatively determined.

Galaxy Securities believes that, among them, the smaller scale, the rapid expansion of the channel, the total annual growth rate of the search business, the search for special, the long posture and the card slave road are generally more than 40%. For men's clothing, the gross profit margin and the cost saving rate brought about by the promotion of brand strength, the seven wolves, the news birds, the nine herdmen and the AOKANG International (excluding non business) generally have more than 30% growth.

Based on the relative certainty of this interim report and annual performance, the brand is maintained.

Enterprises "prudently recommend" rating.