On Monday, Jiangnan Cloth Clothing Was Pferred To Hong Kong Stock And The Stock Price Was High. It Was Nearly 40% Back.

(3306.HK) on Monday, the Hong Kong stock exchange was formally pferred into the stock market, and A share investors can start trading through the Shenzhen and Hong Kong Exchanges today.

In August 10th, Hang Seng Index announced the results of the semi annual Hang Seng Composite Index, including

The 18 companies were included in the index. The average circulation market value exceeded 5 billion Hong Kong dollars in the 12 months before the end of the inspection. The Hang Seng comprehensive small cap index stocks were included in the new list of Hong Kong stocks.

As the earliest designer brand in China, Jiangnan Buyi and naming group has been considered as one of the representatives of consumption upgrading.

At the beginning of this year, the group's share price also went all the way in the wave of consumption upgrading, and hit a record high of HK $20.90 in the past two years on 25 May.

However, along with the escalation of Sino US trade war and the slowdown of China's economic growth, as well as the following

In the downturn and demotion of consumer demise, Jiangnan cloth clothing has changed from the biggest positive stock to the most influential negative stock.

As of Monday's closing, Jiangnan Buyi shares reported HK $12.90, down 0.15% in all day, and won the Hang Seng Index. In recent years, the stock has recorded a 34.80% rise, far better than the 12.79% decline in the same period, but in the past three months, the withdrawal rate of the stock has reached nearly 40%.

At the end of August, the annual performance report was released. In the face of the slowdown in profit growth in the second half of the year, the market began to sell the southern blue cloth stock and the arbitrage left. The stock fell by nearly 20% in the intraday market in August 28th, the largest single day decline in October 31, 2016.

In the 2018 fiscal year ending June 30th, the total income of 2 billion 864 million 100 thousand yuan (RMB) in the south of the Yangtze River was 22.8% higher than that in the 2017 fiscal year, while the increase in the first half of fiscal year was 26.2%.

Retail sales also declined from 10.3% in the first half of the fiscal year to 8.9%.

Net profit rose 23.8% to 410 million 400 thousand yuan year-on-year, or 28% narrower than the first half of the fiscal year.

The dividend payout rate remained at 75%, with a dividend of HK $0.25 per share and HK $0.46 per share in the medium and final terms. The total dividend yield was about HK $368 million 300 thousand a year.

No Agency, a consultancy and investment agency, has issued a report on "not doing business" in the southern part of the Yangtze River, pointing out that under the dual pressure of the stock market downturn and housing loans, the target consumers in southern Zhejiang have begun to "consume demotion".

Therefore, the agency gave the "neutral" rating of Jiangnan cloth, the target price of HK $14, and suggested that Jiangnan cloth clothing should consider the whole brand and all categories of price cuts, or the introduction of a wider range of brands to boost the risk of the slowdown in the retail industry for the Chinese apparel industry.