129668574439062500_12Brewing liquors stocks end rally or worse than last year
Towards the end, liquor consumption season is approaching, it is also traditional liquors stocks on the "show" window.
Moutai price increases again in the near future, high-end tide of liquor seemed to usher in a new round of price increases, it becomes liquors stocks rally most impressive factors. Prices in brewing liquors stocks rally, weak in the week, rare liquors stocks can be regarded as a bright color, behind this support shares positiveFactor is that liquor sales prices rose, led this winter is still "big brothers" moutai. Incomplete statistics, since the beginning of this year, Mao-4 public price increases, wuliangye 2 times the price, including Shanxi fenjiu, Inn tribute wine distilleries, more than two or three line also announced in March this year to raise prices, 3%~25% per cent. The rise in the selling prices are also listed to the publicRaised ex-factory price of the legitimate reasons for the Division. On September 10, wuliangye announced ex-factory price increases of about 20%~30%.
Shortly afterwards, yanghe shares in view of rising raw material prices and other factors, from 13th up ex-factory price, "Blues classics" series average is up about 10%. But prices does not seem to affect the industry boom. Guizhou moutai pressed a clash of thisYears of CCTV's advertisement "King", and CCTV ad barometer of solicitation has always been regarded as China's economy, wine enterprises "King" throne boom degrees indicates that the wine sector. In addition, liquor production still accelerated. 2011 1 ~ June cumulative production of 8.1035 million litres of liquor, an increase of 29.81%, growth from a year earlier to 26.64%. 10Month yield per month 1.0028 million-l, an increase of 36.81% per cent from 5.83%. Maintain production growth, display industry-wide sales for this year remains positive.
But even in this case, the premium liquor still in short supply, often out of stock. Constantly raising prices in the a-share market also triggered a chain reaction on liquor company's share priceFor direct stimulation, drunk wine, tuopai trends are stronger than the market. "In the case of continuous decline in the market, market defense strong, together with the annual Spring Festival is the traditional liquor sales season, as the Chinese new year approaches, liquors stocks perform very normal.
"A food and beverage industry analysts told the Red weekly reporter said. Four-quarter per cent promotionIn the context of several promptingsfrom prices, liquor-listed company's performance is quite impressive. The first three quarters of the liquor industry turnover and total profits rose and 46.88%, respectively, and food and beverage industry and operating income growth and 25.32% of all a-shares, profit growth and 39.66%. 2012 Chinese new year is January 23, about 10 days earlier than 2011, dealers needed early in the four quarters of this year to distilleries order to deal with the Chinese new year season.
The industry generally expect distilleries four quarterly results this year over the same period last year, has improved. Advance Received from Customers increased assurance of short-term results released. The first three quarters of liquors stocks advance accountTotal of 18.49 billion yuan, an increase of 1.92 billion, in advance of first-line liquors in accounts payable total 16.41 billion, second-tier liquor advance accounts payable total 2.07 billion per cent increase and 1.57 billion respectively. Pre collection especially Niang three quarter end 6.8 billion per cent increase of 1.9 billion; wuliangye notice after the price increase, the dealer still active, three quarters ofFinal pre collection of back up to 7.9 billion. Liquor companies gain mainly from profit-driven, because of its stable performance expectations, liquors stocks has become a body lock haven for warmth. The third quarter of this year, renders unilateral stock market bear market, the Fund has not so significantly jiancang. Statistical data show that the Fund continue to increase food and drink industries in the third quarter, its top holdings held in Guizhou moutaiAnd the market value of wuliangye, proportion of the total market value of equity investments of the Fund was ranked a share for the first and third, respectively. Worse-than-usual "moutai, wuliangye is more reasonable valuations and even level downwards. "Hai Tong securities analyst Zhao Yong said. Liquors stocks historical average of 30.1 times times, much below the historical average since October 2008 games, Current price-earnings ratio is 25.7 times times, close to the valuation of bottom interval. "Liquor-making investment opportunities there are strong seasonal factors, usually at the end of October there will be a wave of market, but this year the four quarterly market may not be as strong as ever. "Zhao Yong said. Since the four quarters of this year, under the influence of factors such as the national development and Reform Commission interviews, liquors stocks rebound is weaker than foodBeverage sector. Guotai Junan securities analyst Hu Chunxia believes that stimulation of liquor-making industry at present lacks catalysts, excess profits made since this year plate and high positions under the background of the Fund, short-term performance would be more tame
diablo 3 gold, but the fundamentals of stability, limited downside is expected by the end of a narrow shocks of high probability. Hu Chunxia insisted liquors stocks "main line, and guerrilla second-line" castCapital logic sequence recommended wuliangye, Niang, Luzhou laojiao
diablo 3 power leveling, yanghe shares, an ancient well tribute wine, Shanxi fenjiu liquor. But she also warns that second-tier liquor while the market have a greater room for transfer to other use, but some stocks in high growth expected this year has been basically fulfilled.
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