The institutional capital game behind the sharp drop in liquor stocks is the end of the “drinking” market for alcoholic liquor? _ Oriental Fortune Network

On July 26, the liquor sector plummeted, with the highest intraday drop reaching 7%.ShuijingfangOne word lower limit,Alcoholic Wine、Hainan YedaoLower limit,Shanxi Fenjiu、Huangtai Winery、Willing to wine industry、This worldEqually fell more than 8%.Kweichow MoutaiThe intraday fell more than 6%, and the stock price once fell below the 1,800 yuan integer mark, setting a new low since the beginning of this year.

After-hours data display,Alcoholic WineBoarded due to the deviation of daily price decline reaching 7.72%Longhubang. in,Shenzhen Stock ConnectSeat buy-inAlcoholic Wine143 million yuan was sold and 163 million yuan was sold. One agency seat sold 50.72 million yuan, and the two organizations bought over 70 million yuan in total.

Essence Securities pointed out that from the market point of view, the first-line liquor has been lightened, and the actual valuation is not low; it has risen a lot before, and current differences are relatively normal.

Huachuang Securities pointed out that the decline in the valuation of liquor is mainly due to market concerns about liquor consumption tax.Valuation falls, liquor sectorPerformanceThe growth certainty is high, and the performance is fully supported. It is recommended to set the first-tier Mao, Wu, Lu, and Fen, and the valuation switching space at the end of the year will be determined. At the same time, the second-tier underestimated varieties will also benefit from the acceleration of the industry’s prosperity and sufficient flexibility. It is recommended that appropriate layout is relatively underestimated for the second-tier Liquor, recommended Gujing, recommendedThis world, Yanghe. At present, the third and fourth lines of liquor have both flexibility and risk, and it is recommended to play cautiously.

　　CITIC SecuritiesResearch reportSaid that looking forward to the second half of the year, it is expected that the liquor industry will continue to be prosperous, and the performance of fine wine sales in the Mid-Autumn peak season is worth looking forward to. It is recommended to seize the two main lines. (1) High growth: recommendationShanxi Fenjiu, It is recommended to pay attention toWilling to wine industry. Although the base figure is relatively high in the second half of the year, we still hope to continue to enjoy the dividends of structural upgrading and channel reform. (2) Both offensive and defensive: recommendedKweichow Moutai、Wuliangye. Moutai’s booming boom continues, supply continues to fall short of demand, and has the potential to increase prices;WuliangyeIn the first half of the year, dynamic sales were strong and smoothly achieved both volume and price increases. In the second half of the year, the approval price is expected to continue to rise. The proportion of group purchases and classicsWuliangyePromote speed-up and hope to increase brand value, and hope to continue to achieve both volume and price increases next year. It is expected that the liquor sector will enter a valuation switch in the second half of the year. We are optimistic about Mao Wu’s strong allocation value and earnings performance.

(Source: China Business News)

Article source: China Business News

Editor in charge: DF537

Original title: Behind the sharp drop in liquor stocks, institutional funds are playing a game of drunken spirits, and the “drinking” market is over?