Market review this week: from January 4 to January 7, 2022, SW food and beverage industry index fell by 3.78% as a whole, ranking ninth among all Shenwan industry indexes, losing about 1.39 percentage points to the Shanghai and Shenzhen 300 index in the same period.
Net inflow of land stock link this week: from January 4 to January 7, 2022, land stock link had a total net inflow of 6.203 billion yuan. Among them, the net inflow of banking, steel and real estate sectors ranks first, and the net outflow of electronics, food and beverage and national defense industry sectors ranks first. This week, the food and beverage sector had a net outflow of 1.823 billion yuan, ranking second in the Shenwan industry.
Important data tracking: Baijiu plate: this week flying sky and national cellar 1573 increase in price, eight generation five lower price. Condiment sector: the price of soybean meal and white granulated sugar increased and the price of glass decreased this week. Beer sector: barley and aluminum ingot prices increased this week, while glass and corrugated paper prices decreased. Dairy sector: the price of raw and fresh milk has decreased. Meat products: pork prices fell this week.
View of Industry Week: Maotai held a meeting of sauce liquor dealers to pay attention to the progress of price increase of mass products. Baijiu plate: this week Baijiu plate trend is relatively weak, the plate does not appear substantive bad news, the market can rationally view the plate callback. On January 5, Maotai successfully held the dealer conference of sauce liquor series. It was pointed out that the series of wine should be doubled in 14th Five-Year, reaching more than 24 billion yuan, accounting for more than 10% of the group’s total value, and entering the second Baijiu national liquor camp, and strive to enter the top eight Baijiu national liquor companies. Meanwhile, Maotai, the year of the tiger zodiac, was officially released this week. Maotai’s four brands have launched a total of five models of the year of the tiger Zodiac wine, with market guidance prices ranging from 988 yuan / bottle to 3599 yuan / bottle. Baijiu plate recently callback, short or subject to market sentiment disturbance, follow up sustainable attention Baijiu and distributors conference progress. In terms of the target, we recommend continuous attention to the high-end Baijiu Kweichow Moutai Co.Ltd(600519) (600519), Wuliangye Yibin Co.Ltd(000858) (000858) and Luzhou Laojiao Co.Ltd(000568) (000568). In the secondary high-end wine, you can pay attention to Shanxi Xinghuacun Fen Wine Factory Co.Ltd(600809) (600809), Jiugui Liquor Co.Ltd(000799) (000799), etc; Regional liquor can focus on companies with greater recovery elasticity, such as Anhui Gujing Distillery Company Limited(000596) (000596), Anhui Kouzi Distillery Co.Ltd(603589) (603589), Jiangsu King’S Luck Brewery Joint-Stock Co.Ltd(603369) (603369). Popular products: this week Xiangpiaopiao Food Co.Ltd(603711) and Ligao Foods Co.Ltd(300973) successively issued price increase announcements to adjust the prices of the company’s main products to varying degrees. In the environment of price increase, there are marginal improvement opportunities for the sector, and the profitability may be gradually improved. Follow up, pay attention to the progress of plate price increase and grasp the marginal inflection point. In terms of subject matter, we can focus on Foshan Haitian Flavouring And Food Company Ltd(603288) (603288), Jonjee Hi-Tech Industrial And Commercial Holding Co.Ltd(600872) (600872), Qianhe Condiment And Food Co.Ltd(603027) (603027), Tsingtao Brewery Company Limited(600600) (600600), Chongqing Brewery Co.Ltd(600132) (600132), Inner Mongolia Yili Industrial Group Co.Ltd(600887) (600887), Chacha Food Company Limited(002557) (002557), Fu Jian Anjoy Foods Co.Ltd(603345) (603345), etc.
Risk tips: raw material price fluctuation, product price increase less than expected, channel development less than expected, intensified industry competition, food safety risk and macroeconomic downside risk.
