Today, liquor rose slightly, but it was already very strong compared to market . In fact, liquor has quietly risen a lot recently. It seems that liquor is taking a rebound trend.
As for liquor, the big one is still optimistic. There are three main reasons:
1. Sufficient adjustment time and decline: Since the beginning of this year, the CSI Liquor Index has fallen by 23.03%. Judging from the decline alone, the adjustment range of liquor is actually very large. In addition, CSI Liquor also fell by 3.40% in 2021, which shows that liquor has adjusted for two consecutive years, which is also rare in history. Therefore, the adjustment range and adjustment time of liquor are sufficient now.
2. The performance is good, and the fundamentals of are good: liquor's performance is still relatively strong. For example, Kweichow Moutai , Wuliangye , Luzhou Laojiao , etc. in the CSI Liquor Index are all growing steadily, which is the confidence for long-term investment in liquor. In addition, major cities in China are expected to gradually relax scientifically, the consumer industry is expected to recover quickly, and liquor is expected to rise.
3. The valuation of liquor is at a low level: The current valuation of liquor is not high, and the CSI Liquor Index price-earnings ratio digits 30.43 times, which is 71 times the previous high, and has fallen sharply, which is considered to be a 40% discount. In addition, the return on equity (ROE) of liquor is 25.49%, which shows that the long-term investment value of liquor is still good, so I think the decline of liquor is a bit too much. Now, the big head will patiently wait for the liquor to rebound.
Finally, liquor is now an adjusted low point, but it obviously has investment value. In addition, liquor has expected a rebound, so I think now is the time to layout liquor.
