招商证券最新研报指出,尽管宏观环境仍存在不确定性,大消费行业整体处于深度调整阶段,但头部企业展现出结构性韧性,多个细分领域已显现积极信号。具体来看,高端白酒动销超预期,标杆品牌批价上行验证底部支撑;量贩零食渗透率加快,龙头份额持续提升;创新药产业链趋势向好,CXO板块逐步进入复苏通道;养殖业产能去化延续,供需关系边际改善。当前消费板块正处于情绪与估值的修复窗口,行业集中度提升成为确定性主线。综合...
Source Link招商证券最新研报指出,尽管宏观环境仍存在不确定性,大消费行业整体处于深度调整阶段,但头部企业展现出结构性韧性,多个细分领域已显现积极信号。具体来看,高端白酒动销超预期,标杆品牌批价上行验证底部支撑;量贩零食渗透率加快,龙头份额持续提升;创新药产业链趋势向好,CXO板块逐步进入复苏通道;养殖业产能去化延续,供需关系边际改善。当前消费板块正处于情绪与估值的修复窗口,行业集中度提升成为确定性主线。综合...
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