More Stringent Environmental Protection Drives The Printing And Dyeing Industry To Accelerate Integration

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< p > 1, maintaining the industry's prudent recommendation.

This week, the shares of the airlines increased. We believe that the main reason is that the water pollution incident in Wujiang is driving more stringent environmental protection, and the integration of printing and dyeing industry has been further accelerated.

From the industry fundamentals, it is still plain. We still insist on the previous a target= "_blank" href= "//www.sjfzxm.com/" > dress < /a > home textile has touched the bottom view, but when to go up, the catalyst is not clear.

The breakthroughs sought by key companies in the industry are the upgrading of supply chain integration and terminal retail capabilities.

At present, the investment target mainly comes from two types: 1, the end of the inventory and the rebound of the target after adjustment, such as China's Li Lang (product price performance improvement, statement benign, order digit growth in autumn, high digit growth in winter), good news bird (13 years clear inventory, HAZZYS rapid development, 14 year performance elasticity).

2, subdivision industry growth relatively good target, and new model target, the first Semir clothing (optimistic about the development of children's clothing, casual wear supply chain integration, company online business development), Fiyta (independent brand pull performance steady growth), Pathfinder (current price premium elimination, long-term view of industry integration and development, and "outdoor travel integrated service platform" construction), Hai Lan's home (expansion of channel expansion, buyout mode increase, change proportions, 16 years later, the new growth driver needs to be observed).

In addition, the home textile sub industry performance is relatively good in the plate.

The largest shareholder of fuanna promised not to reduce, and the increasing number of senior executives of Luo Lai home textile industry shows that industrial capital believes that the current share price is undervalued and has a long-term investment value.

In the cotton spinning industry, we recommend Lu Tai A.

Although the price of domestic long staple cotton has dropped rapidly, the terminal price of the company has been maintained at the previous level, which mainly depends on the price of the long staple cotton and the relatively high level of cotton prices. At the same time, the domestic long staple cotton is basically in line with the foreign countries. If the exchange rate is stable at the current level, the EPS1.2 problem of the whole year is not large or even overruled.

The company's current stock price corresponds to PE7 times, maintaining the recommended rating of the company.

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< p > 2, plate performance review last week.

Last week, the Shanghai Composite Index rose significantly, with a cumulative increase of 3.28%, and the overall growth of the spinning and weaving section increased by 1.06%, of which, a target= "_blank" href= "//www.sjfzxm.com/" > textile < /a > manufacturing increased by 1.36%, and apparel home textiles rose 0.76%.

As for stocks, the top three companies were the hundred round pants industry (the acquisition of global easy purchase), the Taya stock (to be put into huanrui century), the civil aviation joint stock (Wujiang district water pollution drive printing and dyeing integration quickening, the good industry leader), the leading three companies were Kaiser shares, three Lane streets, and de cotton shares (the first half net profit fell by 2239%).

Hong Kong shares, led by BELLE international, Daphne international, China Taifeng bed products; leading the top three companies for Lining (profit early warning), Shenzhou International, Tianhong textile.

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< p > 3, important announcement and dynamic tracking of the company.

Semir clothing: the first step in the acquisition of children's education brand and the pformation of children's comprehensive service providers; Wei Qiao Textile: the policy of direct subsidy has not yet been promulgated, and the cotton textile industry is in a wait-and-see state.

The announcement of investor relations - An Li Fang: in 2014, the overall sales of Q1 increased by 5%; Huafu color spinning: the public issuance of corporate bonds was approved; Xingye Technology: a guarantee of 300 million yuan for the subsidiary leather industry of Xingning; Samsonite: the acquisition of Gregory with 84 million 135 thousand dollars; Bosideng: the income in 2013 decreased by 11.7%; the turnover in YGMTRADING:2013 decreased by 8.6% compared with the same period last year.

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< p > 4, important data of the industry.

Raw materials: (1) 328 spot spot weekly average price 17190 yuan / ton (-0.32%); CotlookA:83.09 cents / pound (-0.19%); average difference between inside and outside cotton price difference is 2420 yuan / ton (+0.57%); long staple cotton (137 level):29500 yuan / ton (-0.34%); import long staple cotton (US PIMA2 grade):30917.6 yuan / ton (-0.32%); USD to RMB exchange rate: 6.1949 (-0.21%).

(2) chemical fiber: viscose short 11818 yuan / ton (-0.1%); spandex 40D47640 yuan / ton (-0.42%).

Cotton yarn: 32 pure cotton combed yarn 24276 yuan / ton (-0.17%).

(3) gold: upper gold place Au100g260.92 yuan /g (-0.15%), London spot $1305.95 / ounce (+0.08%).

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