Institutional Funds Reluctantly, Textile And Apparel Stocks Become Confusing.

There is a proverb, "five poor, six and seven."

After the fall in May and June, those with backgrounds and stories

It is expected that a better life will be launched in July.

After the rapid climb in April, the exhaustion of body and mind in May, June

The defeat of "no progress or retreat" is thoroughly welcomed.

Textile period

Also fell in a row, the funds mainly funded by the institutions once again reduced substantially.

However, the author noted that in the comprehensive withdrawal action of the organization, there were also institutions selectively throwing olive branches to a group of textile and apparel stocks, and all the concerned stocks had stories and backgrounds.

Industry overall shrinkage 30%

By the end of June 29th,

In June, it fell by 6.19%, and the 1.01% decline in May increased rapidly.

The same is true for textile and apparel stocks. After a 0.09% decline in May, the weighted average of total market value in June dropped by 2.56%.

Compared with the market, nearly two months, textile and apparel stocks overall resistance, and in the case of the 23 industry rose list ranked sixth.

Over the same period, the share price of the two industries of pharmaceutical, biological and public utilities rose by 5.81% and 3.69% respectively. It was the only industry that could maintain the adverse market trend in the past two months. Food and beverage, financial services and catering tourism followed closely. The increase in June was -0.27%, -0.88% and -1.16% respectively.

The latest statistics show that as of June 29th, the weighted average closing price of the total share capital of 76 textile and apparel stocks was 9.40 yuan, compared with 9.63 yuan at the end of May, the share price center shifted downward by more than 2 percentage points.

From the perspective of volume, textile and apparel stocks totaled 5 billion 862 million shares in June, compared with 5 billion 862 million shares in May, with a shrinkage of 1 billion 918 million shares and a shrinkage of 32.72%.

Judging from the volume of pactions, in May, the total turnover of the plate was 53 billion 401 million yuan; in June, the total turnover of the plate was 37 billion 372 million yuan, and the turnover volume decreased by 30.02%.

In the 23 industries of Shen Wan, the shrinkage of textile and garment plates is not large, ranking ninth in the last.

It is worth noting that the average daily turnover of the industry has been shrinking for second consecutive months: in May and June, the average daily turnover was 266 million shares and 197 million shares, respectively, which decreased by 25.91% and 25.94% respectively compared with last month.

"Shrinkage will drop down another hidden mystery, textile and clothing or ready to brew the next wave of market."

Textile and garment industry analysts said, "the beginning of the three quarter and the end of the fourth quarter are two important time windows. At the beginning of the three quarter, the market may anticipate the rebound in raw material prices, and expect the market of textile and garment retailers to enter the market. At the end of the fourth quarter, domestic consumption will enter the traditional boom season, and the market will have expectations for the winter sales of textile and clothing, or look forward to the improvement of the domestic export market next year."

20% stock holdings by institutions

One side is the decline of share prices, the other is the contraction of trading volume.

If the two level market A shares fell into the June textile and garment sector's share price downward, then the Fund led by the main body of funds selective opening, let textile and garment stocks become confusing.

According to data from WIND, as of June 29th, the A share market in June amounted to 86 billion 966 million yuan, compared with May.

In the textile and garment industry, the net outflow of 121 million 350 thousand and 200 shares in the 20 trading days is equivalent to a net outflow of 771 million yuan, which is more than 20% faster than the net outflow of 983 million yuan in the previous month.

The brakes on the escape speed of institutional funds add a lot of confidence to the market.

From the point of view of the distribution of capital flows, there are 9 listed companies with a net capital flow exceeding 10 million yuan, accounting for 12%, and 7 listed companies with a net inflow of less than 10 million yuan, accounting for 9%. The number of listed companies with a net outflow of less than 10 million yuan is 29, accounting for 38%.

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What is the reason that makes institutional funds so reluctant?

State gold securities issued a report recently that high-quality textile and apparel stocks are strong defensive, while the adjustment is relatively large, and the pessimistic expectations for the future have been fully reflected.

In other words, the industry is expected to pick up.

In addition, Huatai Securities Analysis, in the second half of this year, with the fall in raw material prices, the cost pressures of garment enterprises will be reduced, and the space for promotional sales will be opened. Brand clothing enterprises will increase their sales promotion efforts, which will stimulate the sales of clothing, and the gross profit margins of brand enterprises can be maintained, and channel profits will be squeezed.

At present, the valuation of the clothing sector is at the bottom of history. In the long run, the investment value of excellent management companies has emerged.

Obviously, institutional funds are rational this time, and those stocks that are valued are not necessarily the same.

3 textile stocks are gaining ground

In a panic sell-off, 16 shares of the sector were attracted by institutional capital, accounting for 21.05%, which was essentially flat with last month.

These stocks, not only in the love of the organization, have no hesitation to take the lead in the textile and garment sector.

At the same time, the author also noted that there were 3 attractive stories about stocks with large inflows and stocks that were the biggest.

Thailand shares: to stabilize shareholder returns

The stock rose 21.54% against the market in June and won the championship. The net inflow of funds was 201 million 833 thousand and 800 yuan, and the inflow rate was 11.06%. The average daily turnover was 96 million 64 thousand and 900 yuan, which was 56.08% larger than that in May.

The company announced in June that the company's shareholder return plan for the next three years (2012 ~2014) was made. The annual profit distribution in cash is no less than 10% of the profits allocated in the current year, and the profit accumulated in the form of cash in the past three years is not less than 30% of the annual average distributable profit realized in the recent three years.

Obviously, this plan has established a sustained, stable and scientific return plan and mechanism for investors on the basis of balancing the short-term interests and long-term interests of shareholders.

In addition, the company expects net profit attributable to shareholders of Listed Companies in 2012 1~6 increased by 160% to 180% over the same period last year.

ST Miya: there's a reputation for changing the "new club".

The stock rose 15.45% against the market in June, gaining the runner up of the sector, with a net inflow of 2 million 196 thousand and 300 yuan, an inflow of 1.40%, and an average daily turnover of 8 million 685 thousand and 200 yuan, an increase of 64.90% over May.

The company announced in June 25th that "Silk treasure" had pferred the shares of the controlling shareholder wool textile group to the blue Ting Group in June 20th, and the total pfer price was 468 million yuan.

At ST's latest closing price of 4.01 yuan, the blue Ting Group's bid is much higher than that of the wool textile group's ST Maya market.

The blue tripod group has been granted the 100% stake in the wool spinning group jointly owned by the silk Bao group and the silk Bao industry, which will lead to a change in the actual controller of ST Maya.

It is reported that the company's "new business" Lan Ding Group has strong strength, and its operating income in 2010 and 2011 respectively reached 1 billion 809 million yuan and 4 billion 579 million yuan.

Fuanna: singing "art home textiles" Hymn

The stock rose 12.21% against the market in June, ranking the top five in the sector, with a net inflow of 11 million 400 thousand and 700 yuan, an inflow of 3.97%, an average daily turnover of 14 million 370 thousand and 300 yuan, an increase of 15.69% over May.

The company has put forward the brand positioning of "art home textiles", and Southern China is the dominant sales area. In 2011, its income accounted for 42%.

Since 2008, the gross margin level of the company has been increasing year by year, and it is at the highest level among the three brand home textile companies. The gross profit margin is 49.7% in the first quarter of this year, and the net profit rate reaches 19.02%.

State Securities believes that the rapid expansion of the defensive and franchise channels brought about by the competitive advantage of the company will promote the growth of its performance.