Textile & Garment: Transform to survive – Update
Sector note 26/02/2021 478
- The garment export value in FY20 plunged 10.25% yoy to US$35bn, recording the first annual negative growth in 10 years.
- We estimate textile and garment (T&G) export value to fully recover in 2022 and achieve a CAGR of 13.6% over FY21-25F.
- Our top pick is STK while MSH and TCM are in watchlist.
Please follow this link for the full report