-Click the blue words above to follow us
Produced by China Broadcasting Research Institute
Release time | Trading day 08:30
Market review:
Last week Shanghai Composite Index rose 1.1%, Shenzhen Composite Index Increased 1.2%, Food and Beverage Industry Index A decrease of 4.3%.
Major industry news:
1) Moutai: This week, the wholesale price of 22-year Feitian for whole boxes is 3010-3050 yuan, and the wholesale price of Feitian for 22-year loose bottles is about 2720-2760 yuan. There is no obvious fluctuation compared to the previous month, and quotas are arriving in June.
2) Wuliangye : The general five-batch price is about 980 yuan, which remains stable.
3) Guojiao : highly rated Sichuan 930 yuan, the rest 910-920 yuan, the channel inventory is basically about 1-1.5 months.
Future outlook for the industry:
html The cancellation of the "star" mark on communication itinerary cards on June 29 will bring good news, and the optimization of prevention and control will further boost demand and accelerate recovery. Increase the allocation of sub-high-end segments, stick to the high-end, and pay attention to Anhui wine.
Popular products focus on post-epidemic recovery, alleviation of cost pressure, structural upgrade, layout optimization and other targets. The cosmetics layout is optimized and the top international brands are eye-catching.
recommends focusing on brand companies with good growth trends and strong product-driven attributes.
Investment suggestions:
It is recommended that investors pay attention to Kweichow Moutai , Wuliangye, Luzhou Laojiao , Shanxi Fenjiu , Shede Liquor Industry , Gujing Gongjiu , Laobaigan Liquor , Zhongju High-tech , Yili Shares, Angel Yeast , Haitian Flavor Industry, Tianwei Food, Yihai International , Anjing Food, Proya , Huaxi Biotechnology , Bethany
Risk warning:
Risk warning:
Risk warning:
Risk warning: recurring epidemics; consumption Weak;
01
Industry information and announcements of key listed companies
1.1 Luzhou Laojiao Shareholders Meeting
China Guangdong Research Viewpoint:
1, The dual-brand strategy is advancing, high-end is gaining momentum, and mid-range is reviving.
1) Guojiao: thousand yuan price with is still growing, high + low Guojiao 1573 is still on a rapid upward trend in the high-end liquor team, Guojiao 1573’s profit ratio has continued to increase since 2015.
High-end Guojiao consumer transaction prices remain above 1,000 yuan. Under the influence of the epidemic, batch prices have become less representative and will eventually return. The audience of low-level Guojiao has extended to young consumers, and has recently accelerated significantly in East China. The brand recognition of in North China highlights the gold content of the brand.
2) Mid-range wine: started to accelerate last year, and the time-honored brand Tequ developed the fastest. It polished the golden sign of Luzhou Laojiao. The actual transaction price in East China was 400+ and the central and western part was 300+. After establishing a stable price band, it will be based on the actual demand of the market. Quantity advancement.
特qu 60 Focus on group purchasing channels and gradually extend to social aspects to conduct channel reform pilots. The age of the cellar reflects the characteristics that the older the cellar is, the better the wine will be, and can achieve selling points and highlights in various areas.
2 and the 100-city integration plan are fully promoted, and the channel vitality is full.
At present, the One Hundred Cities Integration Plan in China is being fully promoted, that is, one hundred cities will be used as the company's future market bases, and the central and southern regions will be penetrated by Operation Prairie Fire.
Looking at regions, companies insist on advancing eastward and rising in the south. East China and South China continue to improve, consolidating the strong battlefield in the west and gradually advancing to the central region. At present, VIP consumer groups, new consumer groups, and terminal systems have made significant progress. In the future, Regional development is expected to achieve breakthroughs based on team strength.
02
Investment advice
Starting from mid-June, many places have dynamically optimized personnel flow control policies, canceled the normalized nucleic acid testing mechanism or canceled the inspection of nucleic acid certificates, etc. The ninth version of the new coronavirus prevention and control plan was released before June 28 to achieve top-down prevention. The adjustment of control measures, with the cancellation of the "asterisk" mark on communication itinerary cards on June 29, is another good news. The optimization of prevention and control will further promote the accelerated recovery of demand.
High-end wine has outstanding performance certainty, strong endogenous reform momentum, sufficient flexibility for sub-high-end recovery, and prominent growth attributes in the second half of the year. Real estate wine operations remain stable and structural upgrades continue.
recommended: Kweichow Moutai, Wuliangye, Luzhou Laojiao, Shanxi Fenjiu, Shede Liquor, Gujing Gong Liquor, Laobaigan Liquor.
Popular products focus on post-epidemic recovery, cost pressure relief, structural upgrade, and pattern optimization. Targets: Zhongju High-tech, Yili Co., Ltd., Angel Yeast, Tsingtao Beer , Haitian Flavor Industry, Tianwei Food, Yihai International, Anjing Foods, etc.
The layout of cosmetics is optimized, and the leading international brand is eye-catching. It is recommended to focus on brand companies with good growth trends and strong product-driven attributes. Recommended: Proya, Bloomage Biotechnology, Bethany, etc.
[Risk reminder: recurring epidemics; weak consumption;]
