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Huachuang Securities: Cherish the certainty allocation window of food and beverage industry leaders, select high-resilience varieties for turnaround in adversity.
Overall csi sws food & beverage index: the bottom has been established and clarified upward, shedding burdens in 2024 and entering 2025 with a fresh approach.
Luzhou LaojiaoLtd's (SZSE:000568) Five-year Total Shareholder Returns Outpace the Underlying Earnings Growth
China Galaxy Downgrades Luzhou Laojiao to Hold From Add; Price Target Is 151 Yuan
haitong sec: baijiu companies jointly cope with slowing down, beer volume and price are under pressure, waiting quietly for a recovery.
baijiu actively slows down to relieve pressure due to weak demand, exacerbating differentiation and highlighting the Matthew effect; beer Q3 demand is weak, leading to pressure on volume and price in the peak season, with cost benefits continuing to support profitability.
Founder Securities: Proactively controlling speed to release pressure, Q3 baijiu report shows intensified differentiation.
The baijiu sector reported a slowdown in Q2, with off-season liquor companies shifting their focus to maintaining the industry price system, controlling inventory to support prices and maintaining healthy circulation channels. It is expected that the Q3 and Q4 financial reports will continue the trend of risk release.
tianfeng securities: Liquor companies take the initiative to release pressure under weak demand, and the growth rate of performance slows significantly.
Tianfeng Securities released research reports stating that in the short term, attention should be paid to the baijiu sector's opportunities for band volatility, while also focusing on the medium to long-term opportunities of liquor companies with good fundamentals, cash flow, and valuation cost-effectiveness.
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