Textile and apparel industry: maintain good judgment on fundamentals and current allocation valuation is cost-effective

Guosen Securities pointed out that short-term financial factors have caused valuations to fall, and we have observed that social and retail consumption data have basically returned to the level of 2019, sports consumption has increased significantly compared with 2019, online data is eye-catching, and global The market has recovered and the industry’s fundamentals have continued to improve. The upcoming 2020 performance disclosure and 2021 development strategy clarity are expected to help the market return to fundamentals. The current allocation valuation is cost-effective, and it is recommended to seize the opportunity to add positions to outstanding companies.
</p