Today (April 30), the food and drink sector opened higher, as of press time, the price of the food ETF (515710), which reflects the overall trend of the sector, rose 1.5%, hitting the daily line of three consecutive yang. It is worth noting that in the previous 6 trading days (April 22-April 29), the food ETF (515710) underlying index sub-index sub-index index rose for 5 trading days, with a cumulative increase of 5.2% in 6 days.
In terms of constituent stocks, liquor and beer joined hands to attack, Chongqing Beer rose more than 5%, leading the sector, Tsingtao Beer, Kouzijiao, Shanxi Fenjiu, Gujing Gongjiu, etc. rose more than 3%, and Kweichow Moutai, Wuliangye, Luzhou Laojiao and other liquor leaders also rose collectively.
On the news side, the National Bureau of Statistics released the purchasing managers' index for April. In April, the manufacturing purchasing managers' index, the non-manufacturing business activity index and the composite PMI output index were 50.4%, 51.2% and 51.7% respectively, and the three major indices continued to remain in the expansion range, and the mainland's economic prosperity level continued to expand overall.
At present, the valuation of the food and beverage sector is still at a low level. Wind data shows that as of yesterday's close, the price-earnings ratio of the subdivided food index was 23.8 times, which was at the low level of 11.94% quantile in the past 10 years, and the cost performance of medium and long-term allocation was highlighted.
Looking forward to the market outlook, Zhongtai Securities said that the industry has experienced 2-3 years of adjustment, the problem is cleared, this year's low expectations of the background, merchants actively destocking, liquor and basic condiments actual sales better than expected;
One-click allocation of core assets in the food and drink sector, focusing on food ETF (515710). According to the statistics of China Securities Index Company, the food ETF (515710) tracks the theme index of the CSI subdivision of the food and beverage industry, with more than 6 positions in high-end and sub-high-end liquor leading stocks, and nearly 4 positions in taking into account the leading stocks in beverage and dairy products, seasoning, beer and other sub-sectors, and the top ten heavyweight stocks include "Mao Wulu Fenyang", Yili shares, Haitian Flavor, Tsingtao Beer, etc.
The pictures and data in this article are from Shanghai and Shenzhen Stock Exchanges, Huabao Fund, Wind, Xueqiu, etc., as of April 30, 2024. Risk Warning: Food ETF (515710) passively tracks the CSI Subdivision Food and Beverage Industry Theme Index, the base date of the index is 2004.12.31, released on 2012.4.11, and the composition of the index constituents is adjusted in due course according to the index compilation rules. The index constituents in this article are for illustration purposes only, and the individual stock descriptions are not intended as investment advice of any kind, nor do they represent the position information and trading trends of any fund under the manager. The risk rating of the Fund assessed by the fund manager is R3-Medium Risk, which is suitable for investors with an appropriateness rating of C3 (Balanced) and above. Any information appearing in this article (including but not limited to individual stocks, comments, forecasts, charts, indicators, theories, any form of expression, etc.) is for reference only, and investors shall be responsible for any investment behavior determined independently. In addition, any opinions, analysis and forecasts in this article do not constitute any form of investment advice to the reader, nor do they assume any responsibility for any direct or indirect losses arising from the use of the content of this article. Fund investment is risky, the past performance of the fund is not indicative of its future performance, and the performance of other funds managed by the fund manager does not constitute a guarantee of the performance of the fund, so fund investment should be cautious.
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