Yamato downgraded Mutual Textile to 10 yuan and reiterated the "Outperform" rating

The Yamato report pointed out that the current price of the mutual textile Hong Kong stock market 01382 (01382.HK) is a new low in three years, which is an attractive time to enter the market. It is expected that the dividend yield in 2018-19 can be stabilized above 8%, reiterating the “Outperform” rating. . The bank cut its 2017-19 revenue forecast by 10-18%, due to weaker orders from US Volkswagen customers, but based on expected product structure improvement and utilization rate increase, profit expansion is expected to offset the decline in revenue, 2017-19 year profit test Only down 7.7%, 13.2% and 16.5%, the target price is reduced from 11.3 yuan to 10 yuan.

The bank said that although the Group's order performance in the second half of the year seems to be inferior to expectations, the bank is still encouraged by the strong orders from Uniqlo and Victoria's Secret's L Brands high-quality customers, equivalent to two-thirds of the total. Sales. The bank continued to claim that although Uniqlo's sales in the first half of the year rose by 4% year-on-year, it was also offset by the depreciation of the yen and the decline in average price. However, the bank saw that the growth of Uniqlo orders in 2018 will accelerate, due to the early winter season, warm clothing Heattech fabrics have replenishment needs.

Hoodie

It will make you very cool and fashionable,


We use very soft fabric and it's very easy to clean

SHAOXING LIDONG TRADING CO.,LTD , https://www.lidonggarments.com