Textile & Apparel: 1Q20 update: Tough time to linger – Update
- As at 15 Apr, the year-to-date Vietnam’s garment export value fell 6.0% yoy, while fibre and yarn export value slumped 6.6% yoy.
- T&A might be hit more severely in 2Q20F from demand side, in our view.
- Among T&A stocks, our top pick is STK thanks to its solid position to recover post-pandemic.
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