Textile industry Export Upturn Awaited, Investment Target Depends on Client Structure --- Neutral

  • Contributor:China Galaxy Securities
  • Date:May 13, 2009
  • Pages:5pages
  • Price:$80.00
  • File Type: Adobe Acrobat Reader®
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Excerpts:

Statistics of April Express indicates that export is still not optimistic.

 

As shown by statistics of China Import and Export Fair, external demand is still in depression.

 

Statistics of 2009 China Keqiao International Textiles, Fabrics & Accessories Exhibition is satisfactory, but its significance is relatively limited.

 

“Neutral” rating is maintained for the industry; investment strategy of export-oriented enterprises needs to return to fundamentals.

 

Portfolio of export-oriented enterprises in garment & textile industry: Shenzhou Int’l (2313.HK; Recommended), Lu Thai Textile (000726; Cautious) and Dalian Dayang Trands (600233; Cautious).


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