【中信证券：白酒逐步筑底，啤酒静待催化】金十数据5月29日讯，中信证券研报指出，今年以来白酒行业需求持续承压，但动销、批价、报表业绩等降幅均有一定程度收窄，我们预计行业已进入逐步筑底阶段，在头部酒企主动降速调整后，若未来需求逐步企稳回升，行业有望迎来向上拐点。再考虑到当前头部白酒公司通过提高分红率、回购、增持等不断提升股东回报，增厚投资安全边际。我们延续对头部名酒企业的配置建议。啤酒板块往后看，基数的持续走低叠加旺季催化有望为啤酒企业带来可观的业绩增长，看好渠道能力突出、具备品牌基础的企业更快实现业绩兑现。
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