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Sunday, April 26, 2009

Textile and Apparel: Seasonal factors possess ruled towards decreases within exports

By Zou Frbiz

Textile and clothes within rope with the expected increases rate of the domestic market

The former quarter of 2009, textile and apparel products above wholesale sales towards evolve via approximately 14.3% year-on-year. Taking into account: 1, client satisfaction index of consumer expectations index and there is none obvious rebound. two, normally the next quarter is the peak season consumption of textile apparel, textile and clothes the second quarter of the domestic market increases is still necessarily towards deteriorate towards maintain the strategy within 2009 domestic sales of textiles and apparel 12-17% increases forecast.

Seasonal factors, ruled towards decreases within exports, textile and apparel exports towards adjudicate or warmer it is too morning towards stabilize

In March 2009 a total amount of textile and apparel export growth rate of -15.6%, -5%, a distinctly smaller decline. The impact of the first quarter of more textile and garment export factors, we believe that in the main textile and apparel importing countries have not yet stabilized the economy, rising unemployment, the seasonal factor is the first quarter of 2009 exports of textiles and costumes of the main reasons for decline. Only the first quarter of 2009, decreases in exports of textile apparel, textile and apparel exports to judge less than has been stabilized or warmer.

Bird news recommended to maintain buy rating, target price raised to 18.75 yuan; recommendations concern Lutai-A.

Textile and apparel commerce taking into account the two foremost going by car force for development is still considerable alterations, the upkeep of sub-sectors of the referee, the suggested relentless latest tendency retail sub-sectors of concern.

Considering the retail apparel company's increases category, the valuation of the grade of lowly market liquidity and the possible policy implications, we suspect that the safety of the marginal nice news bird tall onto the target price towards 18.75 yuan, maintaining buy ratings.

Apparel fabrics, shirt accessories, and else sub-sectors numbered companies with lower valuation Lutai-A, a upper safety margin, the offered attention. - 21392

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