原标题：一系列监管函无法压制白酒股票的价格…
概要
[Successfulregulatoryletterscan’tsuppressliquorstocksstockpriceinstitutions:bewaryoftheriskofgroupcollapse!】Onthesecondtradingdayof2021theA-shareliquorsectorisadvancingagainAndjustlastnighttheShenzhenStockExchangeissuedasupervisionletterandaletterofconcerntoWuliangyeandJiuguijiuAfewdaysagoKweichowMoutaiandShanxiFenjiualsoreceivedregulatoryattentionfromtheShanghaiStockExchange(ShanghaiSecuritiesNews)
After four consecutive exchanges’ regulatory and concern letters, liquor stocks are still caring.
On the second trading day of 2021, the A-share liquor sector is advancing again.And just last night, the Shenzhen Stock ExchangeWuliangye、Alcoholic WineIssue supervision letter and concern letter. A few days ago,Kweichow Moutai、Shanxi FenjiuIt has also received regulatory attention from the Shanghai Stock Exchange.
However, on January 5, these four wine companies all set a record high!
According to the data, the liquor index will beConstituent stocksOneShare9 companiesthe companyThe cumulative gains have exceeded 10%, and the cumulative gains of all 18 constituent stocks in the past two days are positive.
Four wine companies were “named”
In the past week,Kweichow Moutai、Wuliangye、Shanxi Fenjiu、Alcoholic Wine4 large white wineenterpriseContinuously received supervision and concern letters issued by the exchange. The reason is the same: the information disclosure is flawed.
ToAlcoholic WineAs an example, the supervisory letter issued by the Shenzhen Stock Exchange on January 4 shows that on the morning of December 28, 2020, Jiuguijiu was listed on the official website and WeChat of listed companies.publicNo. 1 published a report titled “2020 Alcoholic Wine Creates History, 2021 Alcoholic Wine Prosperous!”. among them,Corporate FinanceDirector Cheng Jun stated at the dealer conference that the company’s sales target is “to break through 3 billion, surpass 5 billion, and strive to reach 10 billion.”
Kweichow Moutai、WuliangyewithShanxi FenjiuThe situation is similar to Jiuguijiu, both of which are caused by the company’s management self-publishing important information concerning the company’s operations through non-statutory information disclosure channels.
The industry analysts believe that the current regulators are adopting a side-level supervision situation on the liquor industry, that is, they do not directly interferemarket, But to supervise violations directed at the company level and management in order to cool the market.
The reporter noticed,Market SupervisionAt the end of 2020, the General Administration also increased the supervision of “famous liquor”.According to regulatory requirements, market regulatory authorities at all levels should pay close attention to famous liquor-related enterprises such as MoutaipriceBehaviors, increase the impact on key enterprises, key links, keyProductThe intensity of inspections, serious investigation and punishment of disturbancesMarket OrderofPrice violationAnd other behaviors.
How long will Baijiu have to “hi”?
Although the four liquor companies have received regulatory attention one after another, the share price performance of liquor stocks is still hot.
On January 5, a number of liquor stocks hit a new high. Kweichow Moutai’s share price once again stood above 2,000 yuan,This world、Welcome drive winewithShuijingfangDaily limit, whereShuijingfangDaily limit for three consecutive days.In addition, it was announced not long ago that it has won a 70% stake in Tuopai.Yuyuan sharesIt also recorded 3 daily limits.
On January 5, the liquor index closed up 4.40% throughout the day.DealAt 54 billion yuan, only three of the constituent stocks fell.
It is worth mentioning that Jiuguijiu, Wuliangye, Kweichow Moutai and Shanxi Fenjiu that have been concerned by the regulatory authorities have all set record highs!
Why is the liquor sector still able to make progress?
The reporter learned that the capital’s optimism for liquor stocks stems from itsPerformanceThe certainty. In addition to the 2020 annual performance forecasts that will be disclosed by various wine companies, many wine companies have successively announced their development plans during the “14th Five-Year Plan” period.
such as,Luzhou LaojiaoThe “14th Five-Year Plan” proposes that by 2022, Guojiao 1573’s revenue will exceed 20 billion yuan, and it will exceed 30 billion yuan in 2025. While Jiuguijiu announced its sales target of 10 billion yuan at the annual distribution conference, it also clearly stated that Increase in the “14th Five-Year Plan” periodclientCoverage rate and speed up the opening of specialty stores.
Moutai Group also proposed “three doublings” in its New Year’s greetings in 2021, that is, output, revenue andprofitDoubled. In response, on January 4,Guotai JunanreleaseResearch reportAccording to the report, during the “14th Five-Year Plan” period, it is expected that the compound revenue growth rate of Moutai Co., Ltd. is expected to remain around 12%-15%. At the same time, under the new marketing system that develops coordinated social channels and direct sales channels, it is expected to continue to upgrade the structure and channels in the future. Optimizing the release of development momentum, it is expected that ton prices are expected to maintain a healthy growth trend, profit growth will be higher than revenue growth, and growth certainty and stability will continue to be highlighted.
Organization: Be alert to the risk of group collapse!
How attractive are “Maoxiang Technology” and “Longxiang Technology”?
“Maka!”CITIC SecuritiesCall straight.
A few days ago,CITIC SecuritiesStrategyteamAccording to a research report, multiple disturbances at the end of the year and the beginning of the year are expected to lead to the collapse of local speculative groups in the market.On the one hand, the overseas epidemic may impact some early-stage marketsGameChina’s “epidemic-damaged stocks” repaired the market; on the other hand, after the new year, the game behavior of institutional funds tends to ease, and local speculative groups are likely to collapse.
And after a few days, just today,CITIC SecuritiesPublished a new point of view-“Hold tightly to the liquor faucet”!
CITIC SecuritiesI believe that in the short term, liquor in 2021consumptionUshered in a strong recovery, it is expected that the leaders in the first two quarters will usher in a highly certain start to the door.
In the medium and long term,market shareIt will accelerate the concentration of superior enterprises. It is estimated that the compound growth rate of high-end and sub-high-end wine faucet revenue will be 10%-15% in 2020-2025, and the performance will generally more than double.
(Source: Shanghai Securities News)
(Editor in charge: DF537)
Solemnly declare: The purpose of this information is to spread more information, and it has nothing to do with this stand.