Textile And Garment Industry Three Quarterly Report Slightly Pressure

< p > A: +4.47%, 10/23, a target= "_blank" href= "//www.sjfzxm.com/" > textile > /a > manufacture +3.60%, < //www.sjfzxm.com/ "" "" "" "" > clothing > "home textile").

Shanghai and Shenzhen 300 (+1.09%), YOUNGOR +17.40%, Kai Industrial +16.40%, Shanghai San Mao +15.42%, Hua Sheng share +15.06%.

Hong Kong Stock: spinning and weaving section -0.17%, Hang Seng Index (+0.34%), Bauhaus international +19.44%, Lining +14.85%, Anta sports +12.75%, Baozi +9.86%.

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< p > macro data: in September, China's official manufacturing PMI and HSBC manufacturing PMI increased slightly, while China's September export value dropped by 0.3% over the same period last year.

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< p > industry data: in September, < a href= "//www.sjfzxm.com" > textile and clothing > /a > exports grew by a month slower than that in August or 7; the total textile price index in Keqiao this week was 106.07, compared with last week's +0.05%; in September, Keqiao's prosperity index was 1453.03 higher than last month + 1.22%; in September, Keqiao's foreign trade index price index increased by +1.67%; the 9 month stone bridge boom index rose by +3.67%; the 9 month stone bridging home textile price index increased by 19524; the national cotton 328 rose 1.91% to 19524 yuan / ton; CotookA dropped 4.03% to 89.40 cents / pound.

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< p > announcement: A shares: Pathfinder: Q1-Q3 income is expected to increase by 833 million yuan to 33%, net profit 142 million yuan to 74%; Huarun Jinhua: Q1-Q3 net profit of 8 million to 9 million yuan is expected to turn into profit; Shenzhen textile company expects to earn 500-800 million yuan in the first three quarters of the year before A:2013, and reduce profits by 4702-5002 million yuan;

Hong Kong Stock: Si Jie Global: 2013 turnover of HK $25 billion 902 million decreased by 14.13%; net profit of HK $-43.88 billion, compared with HK $873 million last year.

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< p > main points and investment suggestions: brand < a target= "_blank" href= "//www.sjfzxm.com/" > dress < /a >: this week we made a three quarter looking ahead. It is estimated that men's wear and home textile growth rate is lower than the first half of this year. Semir apparel and Langer are expected to meet expectations, and the net profit of road users is slightly higher than expected, maintaining the "neutral" rating of the industry.

But this week, the brand clothing and white horse stocks rose strongly, mainly due to the layout of some companies in the future of investors' exchange activities, which made the market hope, and maintained the "overweight" rating of Semir's apparel and Pathfinder.

Textile manufacturing: the export growth rate slowed down in September. In the 1-8 month, export data got better, and the long-term trend of cotton price difference between inside and outside was narrowed.

If the cotton subsidy policy can be successfully launched in 2014, the whole textile manufacturing sector will be favorable.

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