Maotais share price soared again, but the first half of the years food and drink plates rise is not it

category:Finance
 Maotais share price soared again, but the first half of the years food and drink plates rise is not it


In the first half of 2020, the domestic consumer industry has been shrouded in the shadow of the epidemic. With the gradual control of the epidemic situation and the release of domestic consumption demand, the performance of the food and beverage industry plate is still bright. The rise of liquor stocks in the second half of the year also continued the good trend of the whole food and beverage sector in the first half of the year.

Nine stock markets worth more than 100 billion yuan

As of the end of June 30, the overall market value of the food and beverage sector increased by about 1049.4 billion yuan compared with the beginning of the year.

Specific to individual stocks, according to the Times financial statistics, food and beverage sector 99 stocks, 77 stocks in the first half of the growth trend. Among them, Jiugui Liquor (000799. SZ), Qianhe Weiye (603027. SH), Shuangta food (002481. SZ), Keming noodle (002661. SZ), yanjinpuzi (002847. SZ) and liangpinpu (603719. SH) all increased by more than 100%, and liangpinpu rose by 509.92%, becoming the king of price increase in food and beverage sector.

In terms of market value, according to time financial statistics, 9 stocks with a market value of more than 100 billion yuan in the first half of the year have reached 9. Guizhou Maotai ranked first with the market value of 1.84 trillion yuan, which also ranked first in the market value of A-share listed companies. Wuliangye (000858. SZ) and Haitian flavor industry (603288. SH) ranked second and third in the food and beverage sector with the market value of 664.29 billion yuan and 441.76 billion yuan respectively.

Price performance chart of 99 food and beverage stocks in the first half of the year

Price performance of 99 food and beverage stocks in the first half of the year

In terms of industries, in the first half of the year, the growth rate of meat products, condiments, food and other sectors was 45.5%, 42.6%, 40.3% and 9%, respectively, in the food and beverage sector. Although it outperformed the market, it was the bottom of the growth.

From the operating data, the revenue of A-share listed dairy enterprises in the first quarter of 2020 will drop by 11% year-on-year, and the net profit will drop by 59%. However, with the epidemic under control, dairy products were sold well in the second quarter of this year.

Dairy enterprises share price performance in the first half of the year

On the same day, Liu Shengyu, a management partner of Gaohe investment, told time finance that from the supply chain to the consumer side, the impact of the epidemic on the food and beverage sector was not great. At the same time, all over the country are encouraging residents to consume, which also makes the performance of the food and beverage sector have strong certainty.

China construction investment research reported that affected by the epidemic, the overall risk preference of the market was reduced, and the food sector was favored by funds because of the certainty of its performance growth. At the same time, with the effective control of the epidemic situation in the second half of the year, the market sentiment and the performance fluctuation of listed companies will become stable, and the industry investment logic will return to the main line.

Liquor plate differentiation intensified

In terms of market value, five of the nine stocks in the food and beverage sector with a market value of more than 100 billion yuan came from liquor enterprises, namely Guizhou Maotai (market value of 1.84 trillion yuan), Wuliangye (market value of 664.29 billion yuan), Yanghe shares (market value of 158.45 billion yuan), Luzhou Laojiao (market value of 133.49 billion yuan) and Shanxi Fenjiu (market value of 126.44 billion yuan).

According to the statistics of time finance and economics, in the first half of this year, except st Huangtai, which failed to resume trading, the stock prices of 15 listed liquor companies rose, of which Jiugui Liquor ranked first with an increase of 120%, and Shanxi Fenjiu rose by 65.7%, ranking second. Wuliangye, the third largest gainer, rose 34.2%, while Guizhou Maotai, the King of a shares, rose 26.5% in the first half of the year.

In an interview with time finance and Economics on July 1, Cai Xuefei, an analyst of liquor industry, said that at present, the liquor market dominated by domestic consumption was basically stable, and the value of financial risk aversion was further highlighted, boosting the rise of the whole sector.

However, not all enterprises in the liquor sector recorded considerable gains. In the first half of the year, there were two liquor companies with negative stock price growth, namely Yanghe - 2.32% and Kouzijiao - 4.67%.

18 listed liquor companies share price performance in the first half of the year

In fact, the recent performance of these two enterprises is not satisfactory.

According to the financial report data, Yanghes revenue in 2019 is 23.13 billion yuan, down 4.3% year-on-year; net profit is 7.38 billion yuan, down 9% year-on-year; in the first quarter of this year, Yanghes revenue is 9.29 billion yuan, a year-on-year decrease of 14.9%, and net profit of 4 billion yuan, a year-on-year decrease of 0.5%.

Although the revenue growth rate of Kouzijiao in 2019 is 9.4%, reaching 4.67 billion yuan, with a net profit of 1.72 billion yuan, a year-on-year increase of 12.2%, there was a significant decline in the first quarter of this year, with a revenue of 778 million yuan, a year-on-year decrease of 42.9%, and a net profit of 240 million yuan, a year-on-year decrease of 55.4%.

The performance of Yanghe and Kouzijiao is expected to be average compared with the benchmark brands Wuliangye, Luzhou Laojiao and Gujing gongjiu, which may be one of the main reasons for their unsatisfactory performance in the capital market this year. At the same time, Yanghe and Kouzijiao are in the adjustment period after the rapid growth of performance. In addition, the East China market where these two liquor enterprises are located is squeezed and the competition intensity is increased, so the performance is not as outstanding as other enterprises. Cai Xuefei said on the financial analysis of the times.

It is worth noting that in the first half of the year, the food and beverage sector ended up with the rise of floating red. On the first day of the second half of the year, liquor stocks rose strongly again, leading the two markets. Driven by liquor stocks, the entire food and beverage sector rose 3.26% as of the end of the morning. Since the second half of the year, will the food and beverage sector continue to grow? Liu Shengyu said that in recent trading days, the food and beverage sector led by liquor has risen sharply, and the market will gradually form a consensus expectation, with a trend of holding together. However, the food and beverage sectors recent rise is relatively high, so there is also the possibility of technical adjustment. Yang Delong told time finance and economics that consumer goods have long-term investment value. Meanwhile, the stock market in the second half of the year is expected to gradually shift from a partial bull market to a full bull market, and food and beverage stocks with stable performance can continue to hold. Source: time weekly editor: Yang Bin_ NF4368

Since the second half of the year, will the food and beverage sector continue to grow?

Liu Shengyu said that in recent trading days, the food and beverage sector led by liquor has risen sharply, and the market will gradually form a consensus expectation, with a trend of holding together. However, the food and beverage sectors recent rise is relatively high, so there is also the possibility of technical adjustment.

Yang Delong told time finance and economics that consumer goods have long-term investment value. Meanwhile, the stock market in the second half of the year is expected to gradually shift from a partial bull market to a full bull market, and food and beverage stocks with stable performance can continue to hold.