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[Brokerage Focus] zjld (06979) rose 10.7%. Institutions believe that the valuation inflection point of the baijiu sector will be earlier than the confirmation of the fundamental inflection point.
Jingu Financial News | zjld (06979) has been rising for several days. As of the time of publication, it is trading at HKD 9.3, up 10.71%, with a turnover of 0.108 billion Hong Kong dollars. It is worth noting that the stock has accumulated a gain of over 54% in the past 5 trading days. Soochow Securities stated that, based on the trend of the baijiu index in 2014 and the market expectations implied by the current baijiu valuation, it believes that the turning point of baijiu sector valuation will precede the confirmation of the fundamental turning point. In the fourth quarter of 24Q4, with the release of pessimism surrounding the Mid-Autumn Festival and National Day, and the reshaping of expectations for the year-end holiday season, under the stimulus of supportive policies, it is optimistic to see a bottoming out and recovery in the sector's valuation. Benefiting from improved liquidity and additional stimulus from the economic upswing.
Hong Kong stock concept tracking | Sichuan Swellfun suddenly announced price increase before the festival, baijiu sector pessimistic expectations revised (with concept stocks)
With the assistance of stimulus policies, the valuation of the sector is bottoming out and rebounding.
Bottom rebound! 15 baijiu(chinese liquor) stocks hit the limit up, with Zhenjiu Lidu (6979.HK) leading the way with a 16% increase.
On September 26, the baijiu sector continued to rise. As of the close, Zhenjiu Lidu rose over 16%, ranking first in the sector, with wuliangye yibin, shanxi xinghuacun fen wine factory, Anhui Gujing Distillery, and 15 other stocks hitting the limit up, while Kweichow Moutai rose over 9%. Source: Choice Data Market View believes that the series of major measures such as reserve requirement ratio cuts, interest rate cuts, and reduction of existing house loan interest rates released by the government have boosted economic recovery expectations. From the performance of the food and beverage sector, stability and growth certainty are relatively strong. In the capital markets, baijiu stocks are indeed high-quality symbols. In the first half of the year, the total revenue of 21 listed baijiu companies reached 245.218 billion yuan.
Premium liquor company Li Du (6979.HK) releases 2024 interim report.
On September 25, Genuwine Liquor Li Du (6979.HK) released the 2024 interim report (Chinese and English versions). The report not only further deepens and refines the mid-term performance announcement previously released, but also comprehensively demonstrates the effectiveness of the company's global strategy execution. The interim report cover contains financial summaries, management discussion and analysis, corporate governance status, etc., and also discloses comprehensive financial statements, comprehensive statement of changes in equity, and comprehensive statement of cash flows, fully reflecting Genuwine Liquor Li Du's production capacity reserves, product structure, brand strategy, market layout, and financial management. In the first half of the year, amidst economic downturn,
珍酒李渡：2024中期報告
[Hong Kong Stock Connect] Zhenjiu Li Du (06979) rose by 4.5%, institutions point out that the value of baijiu sector allocation has increased.
Golden Finance News | Rare Liquor Li Du (06979) showed strength in the morning session, as of press time, reported at 6.27 Hong Kong dollars, up 4.5%, with a turnover of 22.1087 million Hong Kong dollars. On the news front, Everbright Securities stated that the sector's valuation is currently at a historical low, with potential for value enhancement in allocation, and the subsequent improvement in sales is expected to lift the valuation, with the prospect of strengthening market concentration logic under stock competition, making the company's global strategy direction/integrated planning/landing execution even more important. Ping An Securities stated that although Mid-Autumn Festival consumption is under pressure, market expectations are sufficient and baijiu valuation is at a historical low, providing support for high-end liquor with a 4.0~5.5% dividend yield.
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