Buying Orders Will Lock Down Performance Undervalued Brand Clothing.

Industry boom has dropped. In the 1-3 month, the added value of textile industry increased by 7.4% compared to the same period last year, the ring fell 6 months in a row, and the growth rate reached a low level of nearly 5 years (slightly higher than that of March 2009). 1-3 month textile and clothing exports increased by 23.9% year-on-year, 10 points higher than in March, an increase of 50% in the same month in February. Considering the February order for delivery in March, the high growth rate was in line with the expectation, and maintained the 13% growth in annual export growth. The total retail sales of consumer goods increased by 22.3% in the 1-3 months to the same period last year, and the annulus ratio increased by 0.1 points, the growth rate was higher than the total retail sales of the whole society by 6 points, and domestic sales continued to boom. Cotton spot 328 fell 281 yuan to 29311 yuan / ton this week.

　　 Earthquake in Japan Neutral side effect on textile and garment industry: Japanese market share China's textile and garment export market 10.8%, in recent years, the growth rate is low single digit growth. The Japanese earthquake has less than 0.6% impact on China's textile and clothing exports in 2011. With the subsequent reconstruction, the demand for textile and clothing will grow faster. The reduction in demand is expected to restrain cotton prices from going up, and the pressure on brand clothing costs will be eased.

Market performance: in the past week, the average count of textile and apparel components rose by 0.61%, rising by 3.85% in the past month, and the average increase of A shares in the same period was 0.16% and 0.83% respectively. In the past week, it has risen to the front of Hua Sheng shares, Jin Fei Da, St Xinlong, seven wolves and Vico essence. The important news of the past week included: the three years of the "power driven scheme" was listed, and Shandong Shu Lang disclosed the declaration, and the Lukang Jiangsu first passed. Important events this week: Meyer, Jinying, YOUNGOR, mehinda, Luen Fat, fuanna, Hinur, Weixing share, Hong Kong stock, and China Group disclosed the annual report. 24 companies disclosed a quarterly report (see Annex). This week's configuration proposal: choose the order will be completed, the performance lock out and a quarterly good company, such as seven wolves, good news birds, Meng Jie home textiles, Pathfinder, Hinur.

　　 Seven wolves Steady transformation, expansion of channels is expected to continue to grow, and extended acquisition will help expand the brand space of the company.

Mei Bang clothing: direct camp and join continued to rise, new brand planning ability has been recognized by the market, performance is expected to exceed expectations.

Meng Jie home textile: autumn and winter orders will increase by 45%, the annual performance lock is strong, valuation hit bottom.