金吾财讯 | 啤酒股向好，青岛啤酒股份(00168)涨3.74%，华润啤酒(00291)涨2.37%，百威亚太(01876)涨2.03%。
开源证券表示，啤酒行业2024年经历餐饮需求疲软、雨水天气等多方面因素影响，行业销量略有下滑、结构承压。三季度以来行业逐渐去库存，估计2025年销量逐渐企稳、行业增速应可逐渐回正。
该行提到，青岛啤酒如果顺利换届，渠道低库存叠加公司管理层改善，公司量价有望恢复个位数增长，成本端大麦等原料价格继续下降有助于利润率走高，同时公司分红率可观，建议关注积极布局。
金吾财讯 | 啤酒股向好，青岛啤酒股份(00168)涨3.74%，华润啤酒(00291)涨2.37%，百威亚太(01876)涨2.03%。
开源证券表示，啤酒行业2024年经历餐饮需求疲软、雨水天气等多方面因素影响，行业销量略有下滑、结构承压。三季度以来行业逐渐去库存，估计2025年销量逐渐企稳、行业增速应可逐渐回正。
该行提到，青岛啤酒如果顺利换届，渠道低库存叠加公司管理层改善，公司量价有望恢复个位数增长，成本端大麦等原料价格继续下降有助于利润率走高，同时公司分红率可观，建议关注积极布局。
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