Textile economy continued to recover the investmen

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The first 4 months, total exports of textile and apparel increased by 15.53%, out of a March monthly export growth decline. We think that textile and garment exports will continue to grow, it is highly likely to exceed the annual growth of 10% of the market expectations . At present the yarn market, the next few years will continue. RMB appreciation and rising labor costs on the industry leader in the sub-sub-sectors have limited impact. recommended to focus on export-oriented sub-sub-industry leading enterprises, printing and dyeing, accessories sub-industry leader, and yarn manufacturers.
textile economy continued to recover
textile export growth to continue over clothing, keep the global textile industry boom of the recovery. Currently, the textile exports grew faster than the growth rate of clothing. This situation has lasted for 7 months, and into the 2010 textile exports amounted to 21.6 billion, exceeding 2008 levels over the same period, textile exports have recovered to 2008 levels. This shows that start with the international demand has improved, the global operating rate of textile industry picked up further, the global textile industry continued to boom picking up.
boom of the textile industry demand for pick-up pulling the yarn, the yarn produced the recent market, the next few years will continue to maintain the yarn market. As textile production boom of the recovery, downstream demand-pull demand for the upstream yarn, yarn recent market conditions performed better, but still continue to rise. We believe that in the next 2 to 3 years, yarn market will continue.
investment strategy
According to the 2010 exports pick up the main line, we believe that there should be focus on the bargaining power of the export-oriented companies, as well as the recovery process of the textile industry,bed throws, the
exports, concerned about the breakdown of bargaining power with the leading companies. domestic apparel exports as the rigidity of the international demand, the future situation will not continue to deteriorate, and only to the good. According to the characteristics of the current international market demand, future demand for international market return to growth as the economy gradually recovering. we think we should focus on the breakdown of bargaining power has a strong leading listed companies, such as Lutai A, Shandong Ruyi, Jiangsu Sunshine and so on.
industry recovery process of the batch printing and dyeing enterprises, little or no expansion of production capacity. dyeing industry is currently estimated to exist in the downstream businesses - textiles and clothing needs of changing to the case, to obtain greater benefits. currently printing and dyeing industry as the main listed companies include: Air China China shares, the public and share and so on. In addition, the gradual recovery in the domestic apparel production situation, garment accessories listed companies is also of concern, including Weixing and so on.
concern yarn, fabric enterprises. currently the hot market of textile yarn, leading enterprises in product demand, the right to speak yarn producers higher prices, this situation will change in 2009 yarn products, gross margin, expected in 2010 gross margin will be the domestic yarn average of 4% in 2009 to 10% or more, greatly enhance the profitability of the business. Although there is no gray market,tv blanket, but we expect prices up yarn and cloth market turn good time not very far. Nations yarn, fabric-based industry, shares of listed companies Huamao,wholesale throw, the new field of textile.