Jingu Finance News | ZJLD(06979) has been rising for several consecutive days, reaching HK$9.3 as of press time, up 10.71%, with a turnover of 0.108 billion Hong Kong dollars. It is worth noting that the stock has accumulated a growth rate of over 54% in the past 5 trading days.
Soochow Securities stated that, based on the trend of baijiu index in 2014 and the market expectations implied by the current valuation of baijiu sector, it believes that the turning point of the sector's valuation will precede the confirmation of the fundamental turning point. In the 24th quarter, with the concentrated release of pessimism during Mid-Autumn Festival and National Day, the reshaping of cross-year expectations at the end of the year, and the support of stimulus policies, it is expected that the sector's valuation will bottom out and rebound. Benefiting from improved liquidity, combined with the stimulus of the upturn cycle, baijiu, as an early cyclical variety, with strong performance stability, has prominent offensive and defensive attributes.
Zheshang Securities stated that Kweichow Moutai has initiated a cancellation-style buyback for the first time. The pessimistic expectations pressure caused by the Mid-Autumn Festival sales have been released. It is more important to focus on the sustainable healthy growth subsequent to the speed-up. Bullish on investment opportunities in leading liquor companies with the ability to transcend the cycle.
