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The successive regulatory letters can’t suppress the stock price of liquor stocks…
Wang Zilin
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!
In addition, according to Wind data, in the first two trading days of 2021, 9 companies in the Wind Liquor Index have accumulated a cumulative increase of more than 10%, and all 18 constituent stocks have experienced a positive cumulative increase in the past two days.
Four wine companies were “named”
In the past week, four major liquor companies in Kweichow Moutai, Wuliangye, Shanxi Fenjiu, and Jiuguijiu have successively received supervisory and concern letters issued by the exchange. The reason behind is the same: the information disclosure is flawed.
Taking Jiuguijiu as an example, the supervisory letter issued by the Shenzhen Stock Exchange on January 4 shows that on the morning of December 28, 2020, Jiuguijiu published on the official website and WeChat public account of listed companies entitled “2020 Jiuguijiu Creates History, 2021 Alcoholic spirits take off!” report. Among them, the company’s financial director 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.”
The situation of Kweichow Moutai, Wuliangye and Shanxi Fenjiu is similar to Jiuguijiu, all of which are caused by the company’s management using non-statutory information disclosure channels to release important information related to the company’s operations.
Industry insiders believe that the current regulators are adopting a side-by-side supervision of the liquor industry, that is, they do not directly intervene in the market, but instead supervise violations at the company level and management, in order to cool the market.
The reporter noted that the State Administration of Market Supervision has also increased its supervision of “famous liquor” at the end of 2020. According to regulatory requirements, market regulatory authorities at all levels should pay close attention to the price behavior of famous liquor-related companies such as Moutai, increase inspections of key enterprises, key links, and key commodities, and seriously investigate and deal with price violations that disrupt market order.
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, including Shuijingfang daily 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 Wind Liquor Index closed up 4.40% throughout the day, with a turnover of 54 billion yuan, and only three companies among the constituent stocks fell.
It is worth mentioning that Jiuguijiu, Wuliangye, Kweichow Moutai and Shanxi Fenjiu that have been paid attention to by the regulatory authorities have all set record highs!
Why is the liquor sector still able to make progress?
The reporter learned that capital’s optimism for liquor stocks stems from the certainty of its performance. 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 by 2025, it will exceed 30 billion yuan. While Jiuguijiu’s sales target of 10 billion yuan will be announced at the annual distribution conference, it will also clearly Increase customer coverage during the “14th Five-Year Plan” period and speed up the opening of specialty stores.
Moutai Group also proposed “three doublings” in its 2021 New Year message, which means doubling output, revenue and profits. In response, on January 4,Guotai JunanAccording to a research 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 at around 12%-15%. At the same time, under the new marketing system of coordinated development of social channels and direct sales channels, it is expected to continue to structure Upgrade and channel optimization will release development momentum. It is expected that the price per ton is 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 “Luzhouxiang Technology”?
“Maka!”CITIC SecuritiesCall straight.
A few days ago, the CITIC Securities strategy team issued a research report saying that 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 the restoration of some of the “epidemic-damaged stocks” in the early market game; on the other hand, the game behavior of institutional funds tends to ease after the new year, and local speculative groups are likely to collapse.
A few days later, just today, CITIC Securities issued a new point of view-“Hold tightly to the liquor leader”!
CITIC Securities believes that in the short term, liquor consumption will usher in a strong recovery in 2021, and it is expected that the leaders in the first two quarters will usher in a highly certain start.
In the medium and long term, the market share will accelerate to the concentration of dominant 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.
Sina’s statement: This news is reprinted from Sina’s cooperative media. The publication of this article on Sina.com for the purpose of transmitting more information does not mean that it agrees with its views or confirms its description. Article content is for reference only and does not constitute investment advice. Investors operate accordingly at their own risk.
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