The valuation of liquor returns to rationality There is still room for growth in the sub-high-end market
On October 12, CITIC Construction Investment Securities released a report on the dynamics of the food and beverage industry. Xiaobian noted that the report combined with the third quarter of the channel payment, batch price and other related factors, the third quarter performance of 10 key listed liquor companies was estimated.
CITIC Construction Investment believes that the performance of high-end liquor in the third quarter is stable and rising, and the growth rate of sub-high-end liquor has declined compared with the second quarter, but it still maintains greater flexibility, and regional liquor has also grown rapidly with the recovery of consumption.
Some securities experts believe that from the current performance of the liquor capital market, the valuation of the liquor sector is relatively reasonable, the valuation has reflected the weak market demand, policy guidance prices and many other pessimistic sentiments, the third quarter performance growth rate is higher and the medium and long-term fundamentals of the stable target, there will be stock price support.
Wuliangchun stopped attracting investment
On October 12, Weijiu learned that Wuliangchun, a strategic brand under Yibin Wuliang Fragrant Series Wine Co., Ltd., announced that the second generation of products would stop attracting investment and would no longer accept incremental applications from distributors in 2021.
Lang Dingchang, a famous Chinese liquor expert, died tragically
On October 12, the Sichuan Liquor Research Institute issued an obituary: Lang Dingchang, male, born in 1965, aged 56, a member of the Communist Party of China, deputy director and chief engineer of the Sichuan Provincial Liquor Research Institute under the Sichuan Commercial Investment Group, a professor-level senior engineer, a famous liquor expert in China, died at 5:34 on October 12, 2021 due to a sudden illness and ineffective rescue and treatment. We express our deep sorrow and regret at this.
Old White Dry Wine announced the management measures for the tenure system of managers
On October 11, Laobaijiu announced that the company's board of directors deliberated and passed the "Hebei Hengshui Laobaigan Liquor Co., Ltd. Management Measures for the Tenure System and Contractualization of Managers". It is reported that the company's managers implement a term system, and each term is 3 years. After the expiration of the term of office of the members of the company's management team, those who have passed the assessment may be re-elected, re-perform the appointment procedures and sign the "Post Appointment Agreement" and "Business Performance Responsibility Letter" (annual, term).
The Xifeng Wine Collection is out of stock
On October 9, Xifeng Wine Marketing Management Co., Ltd. issued two notices. A notice shows that Xifeng Wine will stop receiving orders for products from the Shaanxi Branch and Henan Branch Xifeng Wine Collector's Edition Series (53 degrees, 52 degrees, 45 degrees, 39 degrees). Another notice requires that all intended customers of Red Xifeng must be inspected and evaluated before they can establish a file, and the new investment customers of all products must have a first order of not less than 1 million yuan, of which the single product of Red Xifeng shall not be less than 1 million.
New Media Editor: Wang Ao
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