Logic Hits Natural Law, Terminal Brand Consumption Absolutely Absorbs Gold Strength.

The stock market started early in the winter, and the fund turned to consumption in a timely manner.

The fund's "add clothes to protect the cold" coincides with the laws of nature. For this interesting phenomenon, Qi Fupeng, President of UBS's core business fund manager, said that Chinese consumption is in constant upgrading and will tend to pursue high-end brands with the increase of income.

In the three quarter, its core UBS core enterprise invested 1 trillion and 160 billion 840 million yuan in the textile and garment sector, accounting for 2.44% of its net worth.

In the three quarter of this year, Xiong Pao stepped up its ravaging of A shares.

Meanwhile, funds for heavily loaded textile stocks are also increasing, rising from 357 at the end of the two quarter to 378.

It is worth mentioning that textile stocks have become the new favorites of some big class fund managers.

According to WIND statistics, at the end of 9, the proportion of funds allocated to textiles, clothing and fur plates increased from 0.71% in the middle of the year to 0.78%.

Overall, the fund hoarded 18 billion 456 million yuan in the sector, an increase of 22.69%.

According to this analyst, under the strong domestic demand, the overall profitability of the textile and garment industry has been raised, and more and more high-quality brand clothing companies are listed on the market. The attractiveness of the sector to the fund is gradually increasing.

Among them, Nord's small cap, Shen Wan Ling's quantitative small plate, GFA strategy optimization, Yi Fang Da consumer industry and high quality growth in the sea are most favored by textile stocks, and their allocation ratios on the textile sector are all above 7% of their net value, reaching 19.91%, 9.15%, 8.21%, 7.54% and 7.08% respectively.

Another 22 funds allocated more than 5% of their net assets to equip them.

The market value of shareholding is another circumstance.

Yi Fang Da, who holds nearly 20 billion yuan in value, has grown in value. It has put 905 million 770 thousand yuan into the textile and garment sector and has become the most valuable fund in the three quarter of this year.

GF strategy optimization, Morgan's internal demand dynamics, Yinhua core value optimization and the growth of the Fonda fund are closely followed by 795 million 120 thousand yuan, 519 million 390 thousand yuan, 486 million 200 thousand yuan and 453 million 860 thousand yuan respectively for "installation".

In the context of economic growth continues to decline and corporate profits continue to be eroded by inflation, the fascination of the textile and garment sector that is still growing is highlighted.

According to the statistics of the National Bureau of statistics, the total retail sales of consumer goods in China in the first three quarters of the year amounted to 130811 billion yuan, up 17% from nominal growth (11.3% in real terms after deducting price factors), which was 0.2% faster than that in the first half.

Among them, clothing, shoes and hats, needle textiles total retail sales in September 645

Billion yuan, an increase of 27.6% over the same period, and retail sales totaled 545 billion yuan in 1~9 months, an increase of 24.8% over the same period last year.

It should be noted that although the fund has increased the intensity of its allocation on the textile and garment sector, it still has a certain distance from the market average, and the gap seems to have expanded.

Data show that the proportion of the fund in the three quarter of the plate allocation ratio is lower than the standard allocation ratio of 0.26%, an increase of 0.06 percentage points from the end of the two quarter.

In the view of analysts, textile sector stocks are mixed, and the fund obviously favors companies that are mainly domestic and have a certain brand awareness.

"Heavy warehouse" hot new stocks

The fund is heavily owned by yeco technology, orzi stock and Ordos.

[landuse]] we will win the two fund chiefs by landing A shares with "noble".

In August 30th this year, just landing on A shares, in the heavy camp, the appearance of the landform shares attracted particular attention.

Statistics show that, at the end of the three quarter, Huaan's steady earnings, the Great Wall's stable income A, and the Indo Australian silver stability A respectively held 1 million 250 thousand shares, 1 thousand shares and 500 shares of the group, accounting for 3.13% of its total circulation.

The attractiveness of the high-end women's clothing market is far from being attractive to the fund.

Opening the company's three quarterly report, the top ten shareholders also gathered 7 core funds, including the core value of Yinhua, the rich theme of Yinhua, the same fund, the optimal allocation of Jianxin, the selection of Yinhua domestic demand, the flexible allocation of Yinhua harmonious theme, and the wide distribution and accumulation of funds. The total funds hold 11 million 325 thousand shares.

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The main revenue of the first three quarters of 2011

It is worth mentioning that the position of the shares of the fund, its "helmsman" for the big class.

For example, the first circulation shareholder, Yinhua core value optimization and the eighth largest shareholder, Yinhua harmonious theme, its trading hand is the vice general manager and investment director of Yinhua Fund, Lu Wenjun. He once brought Yinhua core value to the runner up of the stock fund performance ranking in 2009.

The head of Guang Fa and Feng is the vice general manager and investment director of the Guangdong Development Fund.

It is no coincidence that "new star" has won two big players, and its outstanding performance is the best business card.

According to the company's earnings report, 1~9 months of this year, the company achieved operating income of 620 million yuan, an increase of 59% over the same period last year, achieving a net profit of 147 million yuan, an increase of 78% over the same period. In the three quarter, the company achieved operating income of 188 million yuan, up 76% over the same period last year, and realized net profit of 51 million yuan, an increase of 132% over the same period last year.

[yeco technology, Ordos]

Heavy warehouse is not deep, but the performance is also excellent.

UBS's steady growth, UYF's Anning growth and the growth of the value of China's fortune Qi Qi put the firepower on YKE technology, holding 6 million 194 thousand and 700, 47 thousand and 800 and 600 thousand and 100 shares of the company respectively, accounting for 3.21%, 0.02% and 0.31% of the share of its circulation.

Ordos became the best choice for UBS's growth, and the latter held 2 million 996 thousand and 100 shares of the former, accounting for 0.49% of the circulation market.

In the two tier market, yeco technology fell 13.86% in the three quarter.

The profit report card is also excellent. The net profit in the first three quarters of this year was 12 million yuan, an increase of 76.56% over the same period last year.

Erdos showed a weak performance. In the three quarter, Kim captured only 1 funds.

In the two tier market, Ordos fell 17.88% in the three quarter.

But the profit is well worth saying. In the first three quarters of this year, net profit was 749 million yuan, an increase of 52.51% over the same period last year.

"Best seller"

In the three quarter, 14, 11 and 8 funds were heavily owned by the nine shepherd kings, the seven wolves, and the wedding birds. The total shares were 16 million 586 thousand and 400, 44 million 967 thousand and 300 and 29 million 534 thousand and 400 respectively, accounting for 13.82%, 15.9% and 5.97% of their circulation.

The fund holds a list of nine herd kings, seven wolves, and good news birds.

[King of nine herd]

Three quarterly highlights attract 14 funds to settle in

In the two quarter of May 30th, it became the hottest fund.

In the three quarter, its popularity rose further, attracting the 14 funds of Taida Hongli efficiency optimization, harvest growth and so on, and became the first choice of the fund in the textile sector.

In addition, the top ten tradable shareholders of the company have 5 other funds coming out.

Yinhua's core value selection, Jiashi quality enterprise, Shang Morgan internal demand power and Bank of communications Schroder selection, Agricultural Bank and credit industry growth respectively holds 7 million 283 thousand and 100 shares, 6 million 412 thousand and 900 shares, 5 million 958 thousand and 900 shares, 4 million 710 thousand and 700 shares and 3 million 401 thousand and 800 shares, ranking first, second, third, 4 and 10 largest circulation shareholders of the company.

A review of the profits of King nine

The company's first three quarterly bulletin is also brilliant.

According to the data, the business income of the three quarter of this year was 1 billion 478 million yuan, an increase of 32.84.% compared with the same period last year. The total profit was 418 million yuan, an increase of 43.95% over the same period last year. The net profit of the shareholders who belong to the listed company was 361 million yuan, an increase of 43.31% over the same period last year.

Among them, sales revenue reached 514 million yuan in 7~9 months, an increase of 36.23% over the same period last year, and net profit of 132 million yuan, an increase of 42.22% over the same period last year.

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Seven wolves

New generation can not shake up hegemony.

The seven wolves are also one of the best places to get together.

A total of 11 funds were stationed in the three quarter of this year.

Among them, the value growth of Yi Fang Da, the optimization of GFA strategy and the power of domestic investment in Morgan's domestic demand are also the top third, fourth, fifth shareholders of circulation. The number of shares held by the company is 13 million, 9 million 894 thousand and 600 and 6 million 863 thousand and 800 respectively, accounting for 4.6%, 3.5% and 2.43% of the total share of the total liquidity.

They are regular customers on the list of seven wolf shareholders.

Despite the emergence of new people, the dominance of the seven wolves in men's wear remains unshakes.

In the first three quarters of this year, the company made a profit of 289 million yuan, an increase of 59.82% over the same period last year. In the three quarter, the net profit in the single quarter was 114 million yuan, up 100.11% compared to the same period last year, which exceeded the market expectation.

The seven wolves also made an optimistic forecast for the successive annual reports, and attributed the credit to the 2011 hot orders: "the net operating profit attributable to shareholders of listed companies increased by 30% to 50% over the same period last year as expected in the year 2011."

The growth rate of men's wear

Profit growth of 55.53% in the first three quarters

In the first three quarters of the company, the growth rate of the company was 55.53%, and the net profit was 249 million yuan.

It has also been successfully ranked among the 8 heavyweight stocks of the 29 million 534 thousand and 400 funds, accounting for 5.97% of its circulation.

"Neglect" old classics

At the end of the three quarter, there were

4, 1 and 1 funds were heavily loaded with YOUNGOR, Shanshan and Xin Er, holding 36 million 347 thousand and 300, 3 million 201 thousand and 900 and 288 thousand and 800 shares, accounting for 2.03%, 0.78% and 0.58% of the shares of each company.

Fund holds YOUNGOR, Shanshan stock and Hinur list

[YOUNGOR]

Passively managed funds are much more discounted.

Compared with nine men, seven wolves and other cutting-edge men's clothing, the old strong YOUNGOR has little attraction to the fund.

In the three quarter, the company attracted the 4 connections of Penghua SSE private enterprise 50ETF connection, Jiashi robust, Penghua SSE private enterprise 50ETF and merchants Shanghai consumer 80ETF and so on. 3 of them were passive managed funds, and the color was also greatly reduced.

YOUNGOR profit list

But in terms of performance, YOUNGOR has not faded.

The company achieved a profit of 1 billion 238 million yuan in the first three quarters, an increase of 47.99% over the same period last year.

The three carriages of the company's profits - clothing, real estate and investment are still advancing at a high speed.

"YOUNGOR is a common recommendation of the textile and garment industry and the real estate industry at this stage."

Guotai Junan analysts believe that the company's initial growth and growth has accelerated through the initial channel reform and adjustment, and the multi brand strategy has opened the imagination for the company's future growth.

In addition, the company is an outstanding "real estate +X" target, its clothing business has strong brand appeal and Gao Yingli capability, and the real estate business is the leading quality of Ningbo real estate, and the valuation discount is obvious.

[Shanshan stock]] model value stock

After being left out for a long time, the securities companies suddenly attracted international investment banks.

Shanshan stock continues to retain its position.

In the three quarter, the South preferred value held 3 million 200 thousand shares of the company. In addition, another fund of the Southern Department, South preferred growth, appeared in the top ten tradable shareholders of the company, holding 1 million 510 thousand shares.

Shanshan shares achieved a profit of 101 million yuan in the first three quarters, an increase of 25.57% over the same period last year.

The proportion of various organizations holding Shanshan stock

The Shanshan stock company, which has been left out for a long time by securities firms, has suddenly entered the vision of UBS Securities, an international investment bank.

The latter issued a research report in October 26th, announcing that it was the first time to include Shanshan stock in its coverage and give its "buy" investment rating.

"The company will benefit from the prosperity of the lithium battery industry and take the lead in the mode advantage.

Based on the valuation method of discounted cash flow, the value creation model of UBS is used to predict the factors that affect the long-term valuation. Assuming the weighted average cost of capital is 9%, the target price of 25.75 yuan is obtained.

UBS Securities analyst said.

[chin]

Profit growth has laid its first line brand position.

Hinur continued to be sought after by the Xinhua industry cycle. The latter three stocks had 288 thousand and 800 shares in the former and 80 thousand shares in the ring.

In addition, the top ten tradable shareholders of the company are 7 funds, such as ICBC Credit Suisse Manulife, Xinhua preferred growth, ICBC Credit Suisse core value, building letter optimization allocation, building credit optimization growth, extensive investment, high-quality investment growth and so on.

In the first three quarters of this year, Hinur realized a net profit of 94 million yuan, an increase of 50.74% over the same period last year.

In terms of profit growth, it is the same as the seven wolves and the wedding birds.

"Rush to buy" home textiles and casual wear

The fund does not hide the desire for "brand". In addition to bringing women's clothing and men's wear brand listed companies to their ranks, casual wear and home textile brand listed companies have almost been swept away.

In the two tier market, investors love these brands.

Data show that in the three quarter of this year, Semir clothing, Luo Lai home textiles, Meng Jie home textiles and fuanna rose 4.73%, 7.03%, 2.92%, 13.98% respectively.

[Mei bang, Semir, search special]

Win by heart and hard work

According to statistics, at the end of 9, there were 6, 4 and 4 funds held in the United States, Semir and costumes.

Among them, the fund of heavy barn dress includes Huaan strategy optimization, fund Hanxing, Guo Lian an advantage, Cinda Australian silver industry upgrading, Cathay Pacific deer protection three phase and Guolian theme drive.

In addition, there are 7 funds coming out of the top ten tradable shareholders.

Semir costumes were Taida Hongli risk budget, Wan Jia double engine, Yi Fang Da enhanced return A and Taida Hongli steady heavy holdings.

The search has become a "guest of honor" for the new industry of Huabao Xingye, the enhanced income A of the people's livelihood and silver, the core power of the East and the flexible "Huabao Xingye Bao Kang".

The fund is heavily loaded with three casual wear listed companies.

With 133% profit growth, the United States apparel industry is leading the whole leisure apparel industry.

Data show that the company achieved a net profit of 746 million yuan in the first three quarters.

In the wake of Semir and costumes, profit growth was 72% and 26% respectively.

[Luo Lai, Meng Jie, Fu Anna]

Steady growth ushered in fanaticism fans group

Home textile listed companies have been favored by the fund as always.

Leading Luo Lai home textile has even attracted 11 funds to come to "group buying", which is second only to the king of nine herd.

Among them, the rich country Tian Hui selected, Yi Fangda actively grow and become rich and prosperous, holding 2 million 350 thousand shares, 1 million 893 thousand and 900 shares and 1 million 777 thousand and 300 shares respectively.

Similarly, the fan group of fuanna and Meng Jie homespun is slightly weaker than the home textile of Luo Lai.

Fuanna attracted Nord in the small cap, TEDA Hongli efficiency optimization, Galaxy stable, Yinhua growth pioneer.

The heavyweight home textile fund includes Yi Fang Da consumer industry, Guotai Jinlong Industry Selection and Tianhong cycle strategy and fund Jin Xin.

The three home textile enterprises have also failed to meet expectations, and their profits have maintained rapid growth.

In the first three quarters of this year, the growth rates of Meng Jie home textiles, Luo Lai home textiles and fuanna were 43.17%, 96.03% and 86.77% respectively.

"Cold off" export enterprises

In sharp contrast to the hot domestic market, the fund's interest in related companies in the textile sector began to decrease as exports continued to slump.

For example, Lu Tai A, which has always been heavily relied on, withdrew from the fund's heavily loaded camp in the three quarter, while the color spinning leader Huafu color spinning left only 1 new funds in Central Europe.

[Lu Tai A]

Continuous downturn, regret exit fund seriously

Sluggish exports have begun to hurt export textile companies.

In the first three quarters of this year, A achieved operating income of 4 billion 464 million yuan, up 23.53% from the same period last year, while operating profit and net profit were 893 million yuan and 716 million yuan respectively, representing an increase of 27.13% and 24.98% respectively over the same period.

Among them, the three quarter achieved operating income of 1 billion 480 million yuan, an increase of only 8% over the same period, while the current net profit fell 1.53% over the same period.

In this regard, Wang Wei, an analyst with China Merchants Securities, believes that in the three quarter, with the decline of European and American economies and the fall in cotton prices, the market wait-and-see sentiment was full, the customers' orders were more cautious, and the company's orders also showed a certain period of delay. At the same time, as cotton prices fell sharply in the short term, the company's product prices were adjusted accordingly in July, so the three quarter's growth rate slowed down obviously under the double pressure of shrinking prices and falling prices.

Hua Fu color spinning

There are only 1 new central European powers left behind.

The pressure of Huafu color spinning is also increasing.

In the 1~9 month of this year, the company's operating income increased by 6.67% compared with the same period last year, and net profit increased by 36.6% over the same period last year. In the three quarter, the revenue of the company decreased by 21.5% compared with the same period last year, with a slight increase of 12.63% in profit.

For this year's performance, Huafu color spinning is also not optimistic.

The company expects annual growth in 2011 to grow from 0% to 10%.

Rebecca] pition escape stocks

Domestic market development smoothly, temporarily withstand pressure

The leading product, Rebecca, has been keeping up with the pressure of export decline because of its smooth development of domestic sales. It continued to stay in the fund's heavily loaded camp and gained 633 thousand and 900 shares.

At the end of the three quarter, the fund's Pratt & Whitney, fund Hongyang, Baoying resources optimization, Changxin Hengli advantage and Zhonghai blue chip configuration respectively held 5 million 999 thousand and 900, 4 million 985 thousand and 600, 1 million 551 thousand and 100, 700 thousand and 212 thousand and 900 shares of the company respectively.

In the first three quarters of 2011, Rebecca's operating income was 1 billion 586 million yuan, an increase of 13.85% over the same period last year, and its net profit attributable to parent company was 189 million yuan, up 30.34% over the same period last year.