1. Today’s performance of Moutai is a bellwether for capital versus consumption. At present, the market recognition is pretty good. Yesterday, Moutai released its performance forecast for 2022. The 19% year-on-year growth of is within expectations, which is basically consistent with what brokerage previously reported. It is expected that the net profit in 23-24 will be 73.4 billion/84.8 billion, +17%/15% year-on-year. Based on next year’s performance, it will be given a 35X PE, Moutai's reasonable stock price is about 2,045 yuan. From a mid- to long-term price investment perspective, there is still 18% room for growth from now. It will be important to see the market's feedback on Moutai tomorrow, but technically Moutai is facing suppression of the annual line, and it may be difficult to get over it. For low-priced liquor stocks, you can continue to look at [ Jiuguijiu ]; liquor sentiment stocks: [Qinghai Spring] [ Laiyifen ] and [ Dahu Shares ] with pre-made dishes.
2. There are a lot of new consumption in card slots today, such as food [ Guifaxiang ] [ Xinhua Department Store ] [Jiahe Food]; tourism [Zhangjiajie]; retail [Xinhua Department Store] [ Renrenle ], etc. Other low-priced foods include artificial meat direction [Zuming Shares] [Shuangta Food] (Beyond Meat supplier, BM (US stocks surged last night), cheese sticks [ Miao Ke Lan Duo ], etc.
3. In the direction of beauty and skin care, [Aoyuan Meigu] was blocked yesterday, and [Harbin Sanlian] was blocked (not blocked successfully). Currently, [ Huaxi Biotechnology ] [Shuiyang Shares] [Betani] and [ Aimike ] are several major leaders. You can continue to look at them. Compared with liquor, they have generally rebounded by 30-50%. At present, the rebound of medical beauty stocks is about 10-15% less than that of liquor.
4. Regarding the chicken sector, we still maintain a long-term optimistic view. 【 Minhe Co., Ltd. 】Recently, the securities firm has given two in-depth research reports. You can focus on reading. The price of commercial generation chicken seedlings has great elasticity in future growth. In addition, 【 Yisheng Shares 】The price of parent-generation chicken seedlings has increased a lot in December. 【 Shengnong Development 】is still being repurchased (repurchase price 20.58-23.65).
5. The recovery of consumption will not happen overnight, nor will it stop abruptly. The next market may not be as smooth as the initial rebound, but there are still structural opportunities. Overall, we remain optimistic about consumption, especially low-priced stocks that will rotate later, including gold and jewelry, which are also currently at low prices, such as [DIA shares] (first choice, high value-added, high elasticity, high growth, low valuation, scarce targets), [ Chao Acer ] [ Zhou Dasheng ], etc.
