WuliangyeThe stock price rose more than 7%, hitting a record high of 110.15 yuan.Guizhou MaotaiUp nearly 5%.
Guojin SecuritiesIt is pointed out that the liquor sector fell more last week, and the Maotai marketing company event formed a short-term disturbance, and no solution has yet been released. However, it is believed that Maotai will give shareholders a reasonable plan, and the event will form short-term disturbances rather than long-term impact on valuation events. In addition, the liquor market is still continuing, especially after the callback, it provides a buying opportunity, and it is recommended to focus on it. On the whole, the long-term cycle of liquor is still on the way. It is recommended to stick to the first-line liquor with good performance certainty, and continue to pay attention to the current low-value varieties and the expected second-quarter expected.Alcoholic wine.
Huatai SecuritiesIt said that in the first half of 2019, under the strong fundamental support, the pessimistic expectations of the liquor sector were reversed and the valuation level was significantly repaired.food and drinkThe industry clearly outperformed the Shanghai Composite Index under the leadership of the liquor sector. As of April 30,food and drinkThe industry PE (TTM) is 1% lower than the average of the past decade. Although the valuation recovery is basically over, the liquor sector is still in the second half of 2019.food and drinkThe first choice in the industry segment, optimistic about the stock price elasticity brought about by the double improvement in performance and valuation. In the liquor sector, we are paying more attention to the demand growth, and the competition pattern is more stable and clear.Guizhou Maotai,WuliangyewithLuzhou Laojiao.
(Article Source:Oriental wealthSecurities Research Institute)