Summary
[CICC: It is expected that high-end liquor companies are expected to rise in volume and prices next year]The latest research report of CICC believes that since the callback of high-end liquor at the beginning of the year, its valuation has reflected the market’s slowdown in economic growth, pressure on terminal demand and policy uncertainty The pessimistic expectations of sex. It is expected that the policy of stabilizing growth next year is expected to be implemented and a wide credit cycle will begin. The macroeconomic improvement is expected to increase the demand for the liquor industry, and high-end liquor will lead the industry’s recovery; after the liquidity margin widens, the price of high-end liquor is expected to rise further and start a new round of price upgrades. High-end wine companies are expected to rise in volume and price.
CICCup to dateResearch reportIt is believed that since the callback of high-end liquor at the beginning of the year, its valuation has reflected the market’s pessimistic expectations of slowing economic growth, pressure on terminal demand and policy uncertainty. It is expected that the policy of stabilizing growth next year is expected to be implemented and a wide credit cycle will begin. The macroeconomic improvement is expected to increase the demand for the liquor industry, and high-end liquor will lead the industry’s recovery; after the liquidity margin widens, the price of high-end liquor is expected to rise further and start a new round of price upgrades. High-end wine companies are expected to rise in volume and price.
(Article Source:SecuritiesTimes·e company)
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