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HKEx moves differently. Chenjiu Lidu (06979) fell by nearly 3% again. The data of baijiu in the off-season is poor. The institutions are bullish on the subsequent catalytic drive of the sector's recovery.
Vintage China Li Du (06979) fell nearly 3%. As of press time, it fell 2.81%, reported 7.26 Hong Kong dollars, and the turnover was 17.0767 million Hong Kong dollars.
Guizhou provincial government consultant conducts a special investigation into Zhen liquor.
On July 22nd, a group of five officials from the Guizhou provincial government, including Kang Jichuan, Zhu Qing, Xiang Qingyun, Gao Tiren, and Zhuo Macairen, visited Zhenjiu to conduct a special investigation on the planting system of the Red Tassel Sorghum used in the production of Zhenjiu baijiu and to have a discussion. Wu Xiangdong, chairman of the Zhenjiu Lidu Group, and Zhu Guojun, chief engineer of the Zhenjiu Lidu Group, as well as vice president Liu Boqiang, attended the event. The investigation team visited the fermentation room, wine cellar, sealed bottle wine cellar, the site of the "Number One Baijiu Project in China" and the Zhenjiu showroom to learn about the brewing process, production capacity planning, talent training, and the integration of liquor and tourism. During the discussion, both parties focused on the characteristics, planting and management of the Red Tassel Sorghum used in Zhenjiu baijiu.
HK stocks fluctuated | Rare liquor Lee Tung (06979) dropped more than 3% now, consumption tax reform may accelerate the concentration of the industry, institutions are still bullish on the sector's recovery situation.
Chenjiuli Crossing (06979) is currently down more than 3%, as of press time, it is down 2.96%, at HKD 7.55, with a turnover of HKD 18.8108 million.
In Spite of Recent Selling, Insiders Still Control 68% of ZJLD Group Inc (HKG:6979)
Hong Kong stock market concept tracking: From January to May this year, the revenue of the baijiu industry increased by 11.8% year-on-year. The reform of baijiu consumption tax may improve industry concentration (attached with concept stocks).
This year is a year of differentiation, transformation, reshaping in the liquor industry.
Dongxing Securities: Liquor consumption tax reform may increase industry concentration.
Dongxing Securities released a research report stating that if the consumption tax reform is implemented, it will reshape the interest pattern between liquor companies and dealers in the short term, testing the market control and channel operation capabilities of liquor companies.
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