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Jiangsu King's Luck Brewery Joint-Stock Co.,Ltd.'s (SHSE:603369) Intrinsic Value Is Potentially 82% Above Its Share Price
Research reports on investment opportunities丨Central china: Jiangsu king's luck brewery joint-stock revenue growth has significantly slowed, downgrading the company's rating to 'cautious shareholding'.
The research report from central china points out that the income growth of jiangsu king's luck brewery joint-stock (603369.SH) has slowed significantly. In the third quarter of 2024, the company achieved revenue of 2.636 billion yuan, indicating a year-on-year growth of 10.12%, with growth rates narrowing by 17.92 and 11.4 percentage points year-on-year and quarter-on-quarter respectively. Since 2024, the company's revenue growth rate has slowed: from the mid-term situation, the sales growth in the provincial and out-of-province markets has dropped by 6.27 and 4.05 percentage points respectively; additionally, the sales growth of Special A and A-grade baijiu has decreased by 10.81 and 14.02 percentage points respectively, while the sales growth of mid-to-high-end baijiu is declining.
The Total Return for Jiangsu King's Luck Brewery Ltd (SHSE:603369) Investors Has Risen Faster Than Earnings Growth Over the Last Five Years
zheshang Securities: In Q3 24, liquor companies take the initiative to control speed, while leading liquor companies still have resilience.
In the third quarter of 2024, liquor enterprises took the initiative to control speed, striving to resolve the supply-demand contradictions and inventory pressure in their development, with revenue/profits of kweichow moutai, anhui gujing distillery, shanxi xinghuacun fen wine factory, sichuan swellfun, hebei hengshui laobaigan liquor meeting expectations.
Jiangsu King's Luck Brewery Ltd's (SHSE:603369) Profits May Not Reveal Underlying Issues
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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