This stage has been mentioned before, and SMEs will attract institutional funds to buy again. At the beginning of the third season, I bought it slowly and ran away. At this moment, I have to chase it. Regaining performance, being a man, doing fund managers under pressure is even more expensive. On the return of risk, the textile industry at this moment is the time to consider accumulating and increasing the number of bets. During the year, cotton prices did not have historical fluctuations, and they have seen weaker and stronger stays under economies of scale. More companies have already taken the lead, and settled in Vietnam and other places to have better control of labor costs. Everything has been pointed out that the textile industry should have an ideal performance during the year. Coupled with low price-earnings ratio and high interest rate, it is fascinating.
First mention Weiqiao Textile (02698), which has just broken through three months, and the technology has been in a good position. In the short term, it is also expected to break through the three-year high. The company is principally engaged in the production, sale and distribution of cotton yarn, grey fabrics and denim. Recalling its year ended December 31, 2015 2015 annual revenue of about 9.7 billion yuan (same below), a decrease of approximately 12.9% compared with the same period in 2014; net profit of about 980 million yuan, an increase of approximately 217.9% . Focusing on the “forecastâ€, it is mentioned that the fundamentals of oversupply in the global cotton market in 2016 will not change, and cotton prices will be in a relatively low range.
Although, the price of finished products will be under pressure; however, in terms of Weiqiao scale, it is always better. The rise in consumer demand in the Mainland will support the development of the industry, and the expected depreciation of the RMB will also have a positive effect on Weiqiao's exports. At the beginning of last month, the company issued a profit alert, mainly benefiting from the self-provided thermal power plant owned by the group and the completion of the acquisition of thermal power assets in May this year. In line with the larger scale of the production base and the environmental protection reform, the additional revenue from the additional assets of the power plant makes Weiqiao, which is only about 6.5 times the price-earnings ratio, more attractive.
With regard to the textile stocks in the near future, Tianhong Textile (02678) must be embarrassed. Earlier in this issue, we mentioned the profit and joy factor, and the company's share price has been on the rise. The pure valuation is still more than enough. Yingxi content mentioned that as of the end of June, the six-month profit increased significantly compared with the same period of last year, mainly due to the improvement in gross profit margin and strong product sales. The good change of these two key figures has clearly told Tianhong that it is not a virtual fire, and the core profitability of the company is improving. The company estimated the cost advantage has begun to play a production plant in Vietnam to further enhance the Group's financial performance. In addition, the company announced the signing of the joint venture agreement in May. The investment will not exceed US$60 million. The project company will establish a wholly-owned subsidiary in Vietnam to establish a new knitted fabric manufacturing and printing and dyeing plant in Haihe District, Quang Ninh Province, Vietnam. Continued improvement is expected to maintain growth momentum. The relief of labor costs is in line with the expansion of production, and the benefits will emerge. It’s reasonable to take a ride.
The third mention of Nanxuan Holdings (01982) may be stranger to everyone. That's it, it's a good thing. Of course, strength is a certain amount. The company is a Hong Kong-owned knitwear manufacturer, listed in April this year, with an offer price of 1.2 yuan. The net fund raising amount is 550 million yuan, which is mainly used for the second phase of the Vietnam plant and the repayment of bank loans. Sole Sponsor listed CITIC Securities 600030, stock it international. When the CCP sold 500 million shares, it has introduced strategic investors including Fast Retailing (06288) and Shima Seiki (Hong Kong). Subsequently, it also fully exercised 15% of the over-allotment option, involving the issuance of 75 million new shares; the price per share was 1.2 yuan, and the net additional income was 88.1 million yuan.
Nan Ting Holdings Chairman Wang Tingcong listed on the same day (April 12 this year) said that the second phase of the Group's Vietnam plant will be gradually put into production in June this year. The second phase is six times larger than the first phase. The total design capacity of the two plants is about 16 million knitting. Product. It also revealed that the order situation in the first quarter was ideal. UNIQLO (Uniqlo) is a major customer of Nanxuan. From this point of view, it can be imagined that it was like Shenzhou International (02313). However, the market value is currently only about 2.6 billion yuan, and the plasticity is higher. On the trend, the stock price is rampant for 1.2 yuan for two months. It is a good choice worth collecting and waiting for warm-up.
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*Closed market price on August 10, 2016
Digital savvy eye
According to the Euromonitor report, the total production scale of knitwear in 2014 accounted for 47% of China's total garment manufacturing production, reaching RMB 102.8 billion (or US$ 168.6 billion). Due to rising wage costs, some production bases were transferred from China to Southeast Asian countries. The compound annual growth rate from 2012 to 2014 is about 4.4%.
In recent years, the garment manufacturing industry is Vietnam's main export industry. The total garment production according to the manufacturer's revenue has grown at a compound annual growth rate of approximately 18.9% from 2012 to 2014, reaching 376.3 trillion VND in 2014. (or $17.8 billion), it is expected to continue to grow at a compound annual growth rate of approximately 12.7% from 2015 to 2017.
As far as Vietnam is concerned, in view of its accession to the World Trade Organization (WTO) in 2007, it has brought certain trade advantages, such as low tariffs in the United States, and all WTO members in the United States and Canada have cancelled trade quotas for apparel and textiles and Vietnam Other preferential trade agreements have enabled more textile companies to set up factories in Vietnam.
(Editor: Daixin)Double Layer Forming Fabric,Machine Forming Fabric,Double Layer Forming Mesh,Mill Layer Forming Mesh
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