Liquor stocks collectively rebounded, and the opportunity to get on the bus after evaporating 650 billion market value came?

Following Wuliangye's disclosure of the shareholding increase plan, Luzhou Laojiao also took action!

In early trading on the 15th, liquor stocks rebounded collectively. As of noon closing, Shuijingfang, Luzhou Laojiao, and Shede Liquor rose more than 2%, and many stocks such as Kweichow Moutai, Wuliangye, and Kouzijiao followed suit.

Luzhou Laojiao plans to increase its holdings

No more than 250 million

On the evening of the 14th, Luzhou Laojiao announced that based on the recognition of the company's long-term investment value and confidence in the company's sustainable and stable development in the future, Laojiao Group plans to increase its holdings of the company's shares through a centralized bidding transaction within 6 months from the date of the announcement, with an amount of not less than 200 million yuan and no more than 250 million yuan.

Luzhou Laojiao announcement

According to the announcement, the shareholding increase plan does not set a price range, and will gradually implement the shareholding increase plan according to the overall trend of the capital market and the reasonable judgment of the company's stock value.

Up to now, Laojiao Group holds 25.89% of Luzhou Laojiao's shares, Luzhou Xinglu Investment Group Co., Ltd. and Laojiao Group are acting in concert, with a total shareholding ratio of 50.75%, and Jinruo Company does not hold Luzhou Laojiao shares. This increase will not lead to a change in the controlling shareholder and actual controller of Luzhou Laojiao, and will not lead to the equity distribution of Luzhou Laojiao not meeting the conditions for listing.

Multi-wine companies

Start the repo

1 day ago, Wuliangye also disclosed the shareholding increase plan: based on the confidence in the company's sustainable and stable development in the future and the recognition of the company's long-term value, Wuliangye Group Company plans to increase its holdings of the company's shares through the Shenzhen Stock Exchange trading system within 6 months from the date of this announcement, and the proposed increase in holdings is not less than 400 million yuan and not more than 800 million yuan.

Cai Xuefei, general manager of Zhiqu Consulting and wine analyst, told the "V View Financial Report" (WeChat ID: VG-View) on the 15th that the industry is currently in a new cycle of adjustment, with fierce market competition, weak demand, and greater pressure on the market, so the capital has a big difference in the value of alcohol brands. Wuliangye and Luzhou Laojiao can initially stabilize the stock price, maintain their image, and enhance shareholder confidence by increasing their shareholdings; secondly, it also shows that the company has confidence in its future development; finally, its increase also sends a positive signal to the industry.

According to media statistics, since the second half of 2023, a number of listed liquor companies, including Shede Liquor, Kouzijiao, and Huijishan, have repurchased the company's shares. Zhang Xiaorong, president of the Deep Science and Technology Research Institute, said that listed liquor companies have strong financial strength, and repurchasing shares during the market adjustment period is conducive to optimizing the capital structure and reducing financing costs.

Zhu Danpeng, vice president of the Guangdong Provincial Food Safety and Security Promotion Association and an analyst of the food industry, told the "V View Financial Report" that when the entire industry entered a cold winter, increasing its holdings of its own stocks was a positive move, indicating that enterprises are full of confidence in their own development and the future prospects of the industry. "No matter what industry it is, in relatively difficult times, listed companies have to shoulder their own responsibilities. ”

Do investors follow?

Wind data shows that since 2023, except for Yingjiagong Liquor, the remaining 18 liquor stocks have fallen, the share price of Jiujiu Liquor has been cut in half, Shede Liquor has fallen by 44.05%, and Shuijingfang and Yanghe shares have fallen by more than 30%. Overall, in 2023, the total market value of A-share liquor stocks will decrease from 4,319.564 billion yuan to 3,660.255 billion yuan, a decrease of 659.31 billion yuan.

Wind screenshot

Guotai Junan pointed out that the current liquor industry has the three low characteristics of low sentiment, low valuation and low position, and the current industrial trend and the operation of liquor companies have maintained stable operation and relatively strong resilience, market sentiment fluctuations are far greater than industry changes, large fluctuations in sentiment have brought layout opportunities, and the value of medium and long-term dimension plate allocation is highlighted.

According to the analysis of Kaiyuan Securities, the current expectation of the liquor sector is low, the market is still in the stage of grinding the bottom, and the layout ideas have a strong correlation with the macroeconomy. Two main lines: if the market is neutral or pessimistic about economic expectations, Baijiu is allocated according to the defensive idea and stocks are selected according to the principle of performance certainty. If the market is optimistic about the economic expectations, the liquor will be allocated according to the rebound idea.

(The views in the article are for reference only and do not constitute investment advice, investment is risky, and you need to be cautious when entering the market.) )

The cover and guide diagram are from Baotu.com

Author | Xiong Siyi

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 | 王京晶 实习生李金晶

Proofreading | Jia Yifu