Under The Concept Of Big Consumption: Textile Stocks Are Rising.

2010/9/18 15:26:00 33

Textile industry

For a long time, investors regarded it as a sunset industry and few people asked for it.

But in the past six months, textile stocks such as the "big consumption concept" have been strengthened again, and there are high priced stocks such as rolls home textiles and fuanna.

Many investors wonder: what is the textile industry now?

Sunset industry

still

Sunrise industry

In fact, due to the downturn in the industry, since 2008, many leading companies in the main textile industry have been "changing careers".

For example, ST Lu, who once used the chemical fiber and textile as its main business, completed its restructuring in July 2009, and changed its real estate to renown.

As well as the German cotton shares, due to a huge loss in 2009, it also gave up the cotton textile business.

According to Wind information statistics, in the first three quarters of 2009, only 14 of the 44 listed textile companies listed in the SFC were net return on assets of more than 5%.

But recently, emerging textile companies have been welcomed by investors under the banner of "big consumption concept".

As of yesterday, Luo Lai home textiles closed at 58.33 yuan, fuanna received 39.20 yuan, Meng Jie home textile rose to 62.23 yuan.

"The concept of big consumption is the fundamental reason for the rise of high-end home textile stocks."

One analyst said, "the stock price of these strong textile stocks is already high, and its dynamic PE (P / E) is more than 50 times higher than the average market level."