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.

Zhitong Finance01:10 ET

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.

Zhitong Finance18:45 ET

Debang Securities: Differentiation in the food and beverage sector's financial reports in the third quarter, Maotai (600519.SH) prices hit bottom and rebounded.

In the third quarter, the performance of liquor enterprises generally slowed down, with channels releasing pressure to build up momentum for next year. The long-term logic of various sub-sectors of mass market remains unchanged, and it is recommended to focus on symbols with performance exceeding expectations.

Zhitong FinanceNov 5 01:14 ET

Cinda Securities: Improvement in csi sws food & beverage index allocation in 2024Q3 compared to the previous quarter, focusing on baijiu and mass market sectors.

Looking at the changes in individual industries, in the third quarter of 2024, SW baijiu, beer, dairy products, processed food, seasoning and fermentation products, and snack food increased by +17.87%, +14.94%, +14.34%, +25.27%, +27.23%, and +19.23% respectively.

Zhitong FinanceOct 31 03:51 ET

Kweichow Moutai Co., Ltd. (SHSE:600519) Third-Quarter Results: Here's What Analysts Are Forecasting For Next Year

Simply Wall StOct 28 18:08 ET

Research Reports Prospecting | The Pacific Securities: Kweichow Moutai's performance meets expectations, with a 'buy' rating.

Pacific Securities' research report pointed out that Kweichow Moutai (600519.SH) achieved a net income attributable to shareholders of 60.828 billion yuan in the first three quarters, a year-on-year increase of 15.0%; among which, the third quarter net income attributable to shareholders was 19.13 billion yuan, a year-on-year increase of 13.2%. The company's performance meets expectations, and the full-year target is expected to be achieved. As of the end of the third quarter, the company has a total of 2122 and 106 dealers domestically and internationally, with a net increase of +42/0 respectively since the beginning of the year. Looking ahead to the full year, the company has a strong certainty in achieving the 15% revenue target, values shareholder returns, and comprehensively safeguards shareholder interests from increasing shareholdings by major shareholders, continuous dividends to share repurchases and cancellations, enhancing overall shareholder rights and interests.

Gelonghui FinanceOct 28 03:16 ET