Steadily Liquor, Beer Better And Better

Shanxi Securities issued 22 5 Food & Beverage Industry Report 2009 said that liquor steadily

, Beer Getting better, specifically as follows:

Market articles: underperform the trend, starting to prove the valuation advantage. Recent market trend was still around Energy And nonferrous metal industry started strong cycle, food and beverage industry as a weak cycle of consumer industries, the overall trend is still weaker than the broader market, but the gains have narrowed the gap. View from the two sub-industries, food manufacturing industries remained outstanding since the beginning has made 23.47% of the excess return, while the other two sub-sectors of food processing and beverage manufacturing were Underperform 26. 63 and 24.64 percentage points. The current food and beverage industry as a whole PE is 35.49 times, compared with the CSI 300's PE multiple of 1.72 times, has been at a low range, approaching the record low of 1.6 times, relative valuation advantage gradually appear. Rotation in the course of the next section, the industry is expected to achieve excess return, but this process also depends on the industry in 2009 to support the company's overall business conditions.

Price Posts: white rose steadily Wine Not optimistic. Recently, the terminal price of liquor products to show the trend steadily, Maotai, Wuliangye And other enterprises to adopt the control strategy of the amount insured starting to prove effective, especially in Beijing, the brand liquor prices have gone up significantly. Wine in the situation is not optimistic, Changyu Great Wall in Beijing, Guangzhou and other places prices have come down significantly.

Yield Posts: white pick-up significantly, beer getting better. April 2009, food and beverage sub-sector output growth in the increasingly polarized. Liquor industry as a whole significantly to the good production conditions, production rebounded significantly in the growth rate approaching a record high, the low base in the same period last year, based on the high industry output growth is expected to continue; beer industry is also the traditional peak season of getting better , ahead of the arrival of summer and high temperatures generally strong support on the formation of beer consumption, beer output growth in April over the previous year same month increased by 6.43 percentage points over the same period, the next stimulus in the hot summer, beer production or can be further enhanced; In the economic slowdown and the 08 comprehensive high base Cooperation Used, the wine industry output continues to maintain a negative growth early, but the decline has narrowed; Rice wine Although industry output fell for two consecutive months there, but overall still maintained a 10% increase, the situation is still good; liquid dairies and dairy industry growth in early stages of recovery has been largely completed, the current industry production recovered to normal levels, production will enter a relatively stable growth.

Investment advice: Since the beginning, subject to concerns about the company's performance, rose less liquor industry, current industry valuations more reasonable proposal, and Guizhou Maotai-than-expected growth may be due attention Shanxi Fen. In addition, the sustained decline in pork prices will greatly enhance the meat industry, gross margin level, then push up performance of the company, recommended that attention.

Steadily Liquor, Beer Better And Better

By: tianli

POST COMMENT

Setting Goals And Using Them To Achieve Success AMD and how to treat it What are domain trust and authority? How To Grow to be Successful Person And Beat The Odds Keeping out The Wind and Moisture Create and show your plant nursery Stock Assault 2.0 Need a Great Stocking Stuffer This Christmas? Explore the National Parks Of Rajasthan and Taj Mahal of Agra Taxation and tax Structured Settlements – Overview of annuities and how they work Sell Structured Settlements to earn money Annuities – Taxation, distribution and exchange