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China Textile Import and Export Chamber of Commerce: China's textile industry foreign trade is expected to continue the steady recovery trend in the second half of the year.
From January to June, the trade volume of textile and outfits reached 153.57 billion US dollars, a year-on-year increase of 1.7%, of which the export amount was 143.24 billion US dollars, an increase of 1.6%, and the import amount was 10.33 billion US dollars, an increase of 3.8%. The cumulative trade surplus was 132.91 billion US dollars, an increase of 1.4%.
The Chinese stock abbreviation of st intl hldgs will be changed to "Smart Cloud International Holdings".
ST Intl Hldgs (08521) announced that the company's English name has been changed from Special Treat International Holdings Company Limited to WebX International Holdings Company Limited, and the company's Chinese English dual foreign name has been changed from 智纺国际控股有限公司 to 智云国际控股有限公司 from June 20th, 2024. The English and Chinese shares used by the company in the buying and selling of shares at the Hong Kong Stock Exchange
St Intl Hldgs (08521.HK) has been renamed as "Zhiyun International Holdings Limited".
On July 25th, Gelunhui reported that ST International Holdings Company Limited (08521.HK) announced that the company's English name has been changed to "WebX International Holdings Company Limited" and the Chinese-foreign double-name of the company has been changed to "Zhiyun International Holdings Company Limited". Both changes will take effect from June 20, 2024.
GTJA: Currently, the downstream inventory clearance of the footwear and apparel industry has basically ended, and the trend of order recovery is not a concern.
At present, the downstream destocking has basically come to an end. Judging from the order tracking situation of the top manufacturing companies, the trend of order recovery is secure. Especially the leading companies have the logic of seizing market share and expanding customer base, which is worth looking forward to.
Risks Still Elevated At These Prices As ST International Holdings Company Limited (HKG:8521) Shares Dive 26%
Changjiang Securities' Special Report on Textiles, Outfits, and Luxury Goods: Weak Demand in North America, and Elasticity of Replenishing Inventory Needs Observation.
Looking ahead, it is expected that inventory replenishment will continue, with the elasticity of replenishment depending on the strength of demand recovery at the end. The overseas apparel retail industry has gradually entered the tail end of destocking since 2022Q3, and the pace and continuity of export chain recovery depends on the pace of replenishment, while the elasticity of recovery depends on the strength of demand recovery at the end.
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