Who Is The Driving Force Behind The "Landmines" Of Hongkong'S Apparel Stocks?

< p > here, the world's < a target= "_blank" href= "//www.sjfzxm.com/" > clothing < /a > a target= "_blank" href= "_blank" > shoes < < hat net "Xiaobian to introduce the Hongkong clothing stocks frequent" landmines ".

< /p >

Nochi, chairman of the board of directors of P (01353.HK), "lost contact", is again worrying about Hongkong's listed clothing stocks. In the past few years, there has been a lot of trouble in Hong Kong International (00946.HK), 01698.HK, Nochi and MIG International (01247.HK). Many of the clothing stocks listed on the Hong Kong stock market have invested a lot of investors in Ding Hui.

< /p >

< p > and carefully comparing the prospectus information and public information of these enterprises, it seems that there are traces of performance changes and stock price drops after the listing.

At the beginning of the listing of the regional and international markets, the first financial daily issued an article questioning the exaggeration of the listing documents of the two companies, and the industry description conflicts with other listed companies.

< /p >

< p > < strong > industry description conflict < /strong > < /p >

Ding Hui P is still in a state of losing contact. At the beginning of this year, after two consecutive attempts to fail in the A share listing, he decided to turn to Hongkong. In the prospectus, however, he had described a bright future for the men's wear market in China in the future, but in fact it had a great deal of contradiction with the poor management of several listed companies in the same industry.

< /p >

< p > the SFC rejected the document on the listing of the odd listed company: "your company's application materials and on-site hearings do not provide sufficient and reasonable explanation for the above matters. It is impossible to judge whether the above events will affect your company's continuous profitability and whether the investment projects can have a good market prospect and profitability."

< /p >

< p > > Sullivan, who commissioned the consulting company "Frost's Sullivan" (hereinafter referred to as "Sullivan"), made an analysis of the Chinese men's wear market. The retail income of China's men's wear market increased from 262 billion 600 million yuan in 2008 to 467 billion 300 million yuan in 2012, with a compound annual growth rate of 15.5%. The Chinese men's wear market is expected to maintain a strong growth in the year of P, which will surpass trillions in 2017 and compound annual growth rate of 16.8%.

This is obviously a big contradiction with the performance of the seven wolves (002029, 002029.SZ) and 01234.HK in recent years.

China's August 11th semi annual report showed that in the first half of the year, the country closed 140 stores nationwide.

< /p >

< p > < strong > who is behind the pushing hands? < /strong > < /p >

< p > in fact, Dr. frog, Sullivan and MIG international employ the same consulting firm as an industry consultant. However, the data quoted by MIG and Dr. frog in the prospectus are suspected of "assault".

< /p >

< p > according to Sullivan's data, according to the retail income in 2012, the retail sales of MIG's "red child" brand reached 960 million yuan, ranking second in the high-end children's clothing brand, occupying 4.3% of the market, occupying 1.2% of the total children's clothing market in China, and the first balbala, with a retail income of 3 billion 533 million yuan and a 15.7% market share.

(Sullivan defined the children's winter clothing products between 200 yuan and 600 yuan in retail price) as "middle and high end", and other children's clothing from 100 yuan to 300 yuan also belongs to the middle and high end. "Red boy" is classified as a high-end brand.

< /p >

< p > however, the PhD's prospectus shows that in Sullivan's "ten largest Chinese high-end clothing market in 2009", the sales volume of the doctorate frog reached 569 million yuan, accounting for 7.7% of the high-end market share, ranking first, and not seen in the top ten in 2009, while the tenth "bronze Bull" sales revenue reached 45 million yuan in 2009.

The resulting problem is that the retail sales of "red child" in 2009 have not yet reached 45 million yuan. How did it go up to 960 million yuan in three years? < /p >

< p > a senior investment bank in Hongkong has said to the first financial daily that in the prospectus of Hongkong, the general listed companies will quote the consulting company's report to explain the status of the industry. However, unlike the A shares, the Hong Kong stock does not have a rigid requirement to compare the financial data with the listed companies in the same industry. In addition, there is no approval system similar to A shares. No matter the status of the industry or the development of the industry, there is a larger space for fraud and speculation, and investors are extremely gullible.

< /p >

< p > this person also said, < a href= "//www.sjfzxm.com/news/index_c.asp" > clothing industry < /a > threshold is not high, in recent years, the industry downturn, it is difficult for enterprises to be independent, if the enterprise announced the performance is too good, then the possibility of financial fraud is not low.

< /p >

The situation of children's consumption concept related to stock fraud is not uncommon. 01259.HK, which produces children's fast moving consumer goods, has also been questioned by investors for many times. Last year, Glaucus Research released nearly 50 pages of report, questioning the selling of the Frog Prince's "fake". The actual a href= "//www.sjfzxm.com/news/index_s.asp" > Sales < /a > less than 1/4 of the announcement. Although the Frog Prince posted 17 pages of announcement, the stock price still fell by nearly half on the 2 trading day, and now the stock price is only about 1/3 of the total. In addition, the crayon new food (01262.HK) concept of children's food is also suspected of fraud, and is exposed to food safety risks, and the share price also falls to 1/4 of the high position. < p > similar to Dr. frog and MIG international.

< /p >