食品饮料行业周报:批价走弱 关注终端动销

申万宏源研究
Sep 21

投资分析意见:我们认为行业基本面仍要耐心等待,白酒要经历筑底和磨底的过程,食品公司自下而上寻找结构性机会,进入9 月旺季,消费场景环比有所恢复,关注旺季需求恢复情况。维持个股观点,头部企业从分红和股息角度已具备长期投资价值,包括高端白酒、伊利、青啤等大众品头部公司,且受益于市场轮动,机构持仓处于历史低位,估值将逐步修复;具有新消费特点的个股后期将随业绩分化而分化,我们看好真正有长期竞争力和改善空间...

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