Textile And Clothing Investment Strategy In October: External Factors Affect The Short-Term Prosperity Of The Industry

Market review: the overall market fell, and the performance of textile and clothing industry was close to the market. In early September, a shares and Hong Kong stocks rose slightly, while the mid and late ten days of the market went down, while the US and Taiwan stocks went down. The overall performance of a shares and Hong Kong stocks in the textile and clothing sector was close to the market.

Brand channel: according to the zero social data of epidemic situation, temperature or short-term prosperity affecting the industry, the decline occurred in August and the same decrease was 6% in the same month; In August, clothing retail sales increased by 24.8% year on year. Online retail sales of wearing goods increased by 19.4% in August; According to the third-party Alibaba online data, sportswear fell by 18.3% in August, while sports shoes fell by 13.8% year-on-year. In late September, the highest and lowest temperatures of 34 major cities in China were significantly higher than those in previous years by about 3 degrees, which may affect the short-term sales of autumn and winter clothing in season change.

Manufacturing and export: freight and cotton prices continued to rise, "double control" power rationing short-term suspension. In August, textile exports decreased by 15%, while clothing exports increased by 9%. China's PMI in August was 46.7, down 5.9pp. Keqiao's overall business climate index rose slightly in August on a year-on-year and month on month basis; In terms of cotton price, the prices of Zhengzhou cotton futures, domestic cotton spot and foreign cotton prices rose sharply on a month on month basis in August. In order to achieve the goal of double control of energy consumption in the whole year, some regions have taken measures to limit power consumption, and some listed companies have issued suspension announcements.

Textile and clothing sector company announcements and Industry News

In the aspect of A-share, steady medical and kairun share repurchase equity; The shares of Dishu fashion, taipingniao, jiumuwang and robust medical increased or decreased; Raleigh life released the equity incentive plan; In terms of Hong Kong stocks, TEB international issued dividend announcement and bond issuance announcement. In news, Phillips van heusencorp, Wolford, G-III, Canada goose, SMCP and other companies issued performance announcements.